eToro vs FP Markets 2026: Which Broker is Better?

Regulation & Safety

eToro, established in 2007 and headquartered in Tel Aviv, Israel, is regulated by multiple top-tier authorities including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the U.S. Securities and Exchange Commission (SEC). This extensive regulatory oversight ensures a high level of safety for traders, with client funds protected under various schemes depending on the jurisdiction.

FP Markets, founded in 2005 and based in Sydney, Australia, is regulated by ASIC and CySEC. While these authorities provide robust regulatory frameworks, FP Markets does not have the same breadth of international regulation as eToro. Both brokers offer client fund protection through segregated accounts, ensuring that client funds are kept separate from the company's operational funds.

Fees & Spreads

eToro offers commission-free trading with spreads starting from 1 pip, which is competitive for traders primarily interested in stocks and cryptocurrencies. However, eToro does charge a $5 withdrawal fee and imposes an inactivity fee after 12 months of dormancy. The minimum deposit with eToro is $50, making it accessible for beginners, but its spreads are generally wider compared to ECN brokers.

FP Markets provides very competitive pricing with spreads starting from 0.0 pips on its Raw account, but this account type incurs a commission of $3 per side, balancing the tight spreads. FP Markets requires a higher minimum deposit of $100, which is still relatively low compared to industry standards. The maximum leverage offered by FP Markets is 1:500, significantly higher than eToro’s 1:30, appealing to more experienced traders seeking higher exposure.

Trading Platforms

eToro utilises its proprietary web and mobile platforms, which are particularly noted for their social and copy trading functionalities, allowing users to mirror the trades of successful investors. In contrast, FP Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, offering a broader range of advanced charting tools and automated trading options, appealing to more technically-inclined traders.

Who Should Choose eToro?

• Traders interested in social and copy trading.
• Beginners looking for a user-friendly platform.
• Investors interested in real stock ownership.
• Cryptocurrency traders seeking an integrated wallet.

Who Should Choose FP Markets?

• Experienced traders seeking low spreads with ECN pricing.
• Traders who use advanced charting tools like TradingView.
• High-leverage traders.
• Traders looking for MT4 and MT5 platforms.

Our Verdict

For beginners, eToro stands out due to its intuitive interface and social trading features. Professionals may prefer FP Markets for its competitive ECN pricing and advanced platform options. In terms of fees, FP Markets offers tighter spreads, but eToro’s commission-free model is attractive to stock and crypto traders.