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  3. FxPro vs eToro – Compare brokers, review spreads, costs, commissions regulations

FxPro vs eToro

In the table above we compare FX Broker FxPro vs FX BrokereToro .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:

1. Compare Regulations: FxPro vs eToro
Is Broker eToro regulated or is Broker eToro regulated?
Compare FxPro vs eToro and find out who is regulated and where.
In the event FxPro or eToro goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates FxPro, and who regulates eToro

2. Compare Account types: FxPro vs eToro
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare FxPro vs eToro in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on FxPro’s demo account or eToro ‘s demo account? Do you neem direct market access or need to access FxPro’s API or eToro’s API?
What initial deposit is FxPro asking for and what initial deposit is eToro asking for?

3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare FxPro vs eToro and see who offer more or less currency pairs.

4. Customer Service
One of the most important aspects is FxPro’s customer service vs eToro’s customer service. As if you have an issue you would like to speak or chat to someone immediately.

5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on FxPro’s FX trading platform or eToro’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare FxPro vs eToro and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare FxPro’s fees vs eToro ‘s fees.
For those that a different style of trading, compare FxPro vs eToro to see who offers, Mirror Trader, ZuluTrade, or Signal Trader

If you would like to trade with your IOs or windows mobile platform compare FxPro vs eToro and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either FxPro or eToro

For any further questions feel free to comment below. If you would like to leave a review of FxPro or review eToro, feel free to do so too.

 

 

Product Name

FxPro

eToro

Product Image FxPro eToro
Price
Our Rating 5.0 5.0
Brand FX Brokers FX Brokers
Category Forex Broker Forex Broker

Broker

FxProeToro
Broker Type DMA/STP STP
Broker Country Cyprus Cyprus
Regulation CySEC, FCA UK CySEC, eToroUSA: NFA, CFTC
Indipendant Broker Independent broker. Independent broker, and also introducing broker for IC Markets - in Asia Pacific, FX Solutions - in US.
Year in Industry 2006 2007
International Offices United Kingdom, Russia United States, United Kingdom

Account

FxProeToro
Accept US Clients Yes Yes
Mini account deposit $1 $50
Standard account deposit $1 $50
Trading account currency USD Account, EUR Account, GBP Account, AUD Account, CHF Account, JPY Account, PLN Account USD Account
Leverage Account 500 : 1 Standard Account 400 : 1 Standard Account
Minimal size lot 0.1 lot 0.01 lot
Leverage Mini account Mini Account, Standard Account Mini Account, Standard Account

Payments

FxProeToro
Funding method Bank Wire, Credit Card, Debit Card, PayPal, Neteller, Skrill, China UnionPay Bank Wire, Credit Card, PayPal, Skrill, WebMoney, Neteller, Giropay, Inatec Payment AG, Worldpay, Wirecard, China UnionPay, 1Pay, Yandex Money
Withdrawal method Bank Wire, Credit Card, Debit Card, PayPal, Neteller, Skrill, China UnionPay Bank Wire, Credit Card, PayPal, Skrill, WebMoney, Neteller

Costs

FxProeToro
Commissions no no
Costs & Spreads variable fixed
Costs/Lowest spreads on EURUSD 0.6 pips 3 pips

Trading

FxProeToro
Premium trading Market recommendations Personal account manager
Scalping yes no
Hedging
EAs allowed yes no

Platform

FxProeToro
Trading platform type MT5 Live, MT4 Desktop/Mobile/iOS/Android/Smartphone, Web Trader, cTrader Desktop/Web, Autochartist, FxPro SuperTrader MT4 Desktop (eToro USA - min deposit $20 000),
Platform time zone GMT+2 GMT
Decimal pricing 5 digits 4 digits
Trailing stops Trailing Stoploss No Trailing Stoploss
OCO orders No OCO orders OCO orders
One click One click trading One click trading
Mobile trading
Webtrading
API Solutions

Products

FxProeToro
Currency pairs 72 fx pairs (+59 exotic) 31 fx pairs
Exotic Pairs Exotic Forex Pairs
Gold Silver Gold, Silver Gold, Silver
CFD Trading CFD trading CFD trading
Other instruments Shares, Futures, Commodities Indices, Commodities, Energies, Stocks

Other

FxProeToro
MAM PAMM LAMM MAM/PAMM no
Managed Accounts No No
Swap free accounts Yes Yes
Segregated client accounts

Promotions and Offers

FxProeToro
Bonuses (T&Cs apply) No Yes
Contests No Yes