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eToro vs FxPro

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

2. Compare Account types: eToro vs FxPro
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare eToro vs FxPro 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 eToro’s demo account or FxPro ‘s demo account? Do you neem direct market access or need to access eToro’s API or FxPro’s API?
What initial deposit is eToro asking for and what initial deposit is FxPro asking for?

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

4. Customer Service
One of the most important aspects is eToro’s customer service vs FxPro’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 eToro’s FX trading platform or FxPro’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 eToro vs FxPro 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 eToro’s fees vs FxPro ‘s fees.
For those that a different style of trading, compare eToro vs FxPro to see who offers, Mirror Trader, ZuluTrade, or Signal Trader

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

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

 

 

Product Name

eToro

FxPro

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

Broker

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

Account

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

Payments

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

Costs

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

Trading

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

Platform

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

Products

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

Other

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

Promotions and Offers

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