Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
FxPro
Not regulated in your country FxPro does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and FxPro are best suited to, based on what each one actually offers in Australia.eToro is better than FxPro for long-term investors, while FxPro is better for professional traders and scalpers. Both are a good fit for high-volume traders, swing traders and news traders.
| Overall score | eToro 81 -4 83 | FxPro 85 Best not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise FxPro.Only eToro is regulated in Australia, by ASIC. FxPro holds no licence in Australia and is regulated by CySEC and the FCA (United Kingdom).
| Section score | eToro 100 100 | FxPro 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and FxPro have in place to protect your money in Australia.Both eToro and FxPro offer segregated client funds and additional money insurance.
| Section score | eToro 81 Best 81 | FxPro 74 -7 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2006 |
| Parent company i | eToro Group Ltd | FxPro Group Limited |
| CEO i | Yoni Assia | Charalambos Psimolophitis |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | Barclays, Julius Baer, Royal Bank of Scotland |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 2,180,000 |
| Annual revenue i | US$1,340,000,000 | US$900,000 |
| Monthly website search traffic i | 13.2M monthly visits | 323.9K monthly visits |
Costs
What we compare A comparison of what it costs to trade with eToro and with FxPro in Australia, both on each trade and on holding the account.eToro is better than FxPro for CFD/FX costs, given that eToro is cheaper on EUR/USD, at US$11.2 per lot (against FxPro's US$11.7), and does not charge inactivity fees, unlike FxPro. Neither eToro nor FxPro charges account maintenance fees or deposit fees.
eToro and FxPro cannot be compared for real stock costs, because eToro is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | eToro 55 Best 76 | FxPro 49 -6 not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$7 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | US$11.7 |
| S&P 500 fees (CFD) i | 1.08 points | 0.85 points |
| Gold fees (CFD) i | 0.88 points | 0.34 points |
| Bitcoin fees (CFD) i | US$1,585.8 | US$15.74 |
| US stocks fees (CFD) i | Free | |
| Fees on stocks | ||
| Stock fee type i | Commission | Spread |
| US stocks fees (real) i | US$4 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with FxPro in Australia, and of how many instruments each one gives access to.eToro is better than FxPro for CFD/FX markets, because eToro gives access to 7,000 tradable symbols (against FxPro's 2,100), and lets you own crypto, ETFs and stocks outright, which FxPro does not. Both eToro and FxPro offer CFDs on commodities, crypto, ETFs, forex, indices and stocks.
eToro and FxPro cannot be compared for real stock markets, because eToro is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | eToro 85 Best 55 | FxPro 75 -10 not offered |
|---|---|---|
| Total tradable symbols i | 7,000 | 2,100 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and FxPro make available to their clients in Australia.FxPro is better than eToro for platforms, because FxPro offers cTrader, MetaTrader 5 and MetaTrader 4, which eToro does not. eToro and FxPro both offer a proprietary platform and copy trading.
There is no like-for-like comparison for platforms, as FxPro is a CFD broker and does not offer real stocks.
| Section score | eToro 84 -10 84 | FxPro 94 Best not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and FxPro in Australia, and of what each one lets you do from your phone.FxPro is better than eToro for mobile trading, given that FxPro offers the cTrader app, the MetaTrader 5 app and the MetaTrader 4 app, which eToro does not. eToro and FxPro both offer a proprietary mobile app and a social trading app.
eToro and FxPro cannot be set side by side for mobile trading, as FxPro is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 87 -13 87 | FxPro 100 Best not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and FxPro allow on their platforms in Australia.FxPro is better than eToro for CFD/FX trading features, since FxPro offers guaranteed stop losses and tier-1 liquidity providers, which eToro does not, and allows for scalping. eToro and FxPro both offer negative balance protection and trailing stops. The leverage shown for FxPro is set by its Bahamas entity and exceeds the retail limit in Australia (30:1 on major currency pairs).
eToro and FxPro cannot be compared for real stock trading features, because eToro is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | eToro 68 -25 85 | FxPro 93 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 13 ms | |
| Slippage occurrence i | 9% | |
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 200:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 500:1 |
| Major indices leverage i | 20:1 | 200:1 |
| Minor indices leverage i | 10:1 | 200:1 |
| Gold leverage i | 20:1 | 200:1 |
| Commodities leverage i | 10:1 | 200:1 |
| Equities leverage i | 5:1 | 25:1 |
| Cryptocurrency leverage i | 2:1 | 20:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at FxPro in Australia, and of who each one is meant for.FxPro is better than eToro for CFD/FX account types, since FxPro offers a professional traders account, a managed account and an ECN account, which eToro does not. Both eToro and FxPro offer a demo account and a corporate account.
There is no like-for-like comparison for real stock account types, as FxPro is a CFD broker and does not offer real stocks.
| Section score | eToro 45 -50 76 | FxPro 95 Best not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with FxPro in Australia.FxPro is better than eToro for account opening, because FxPro does not require a minimum deposit (against eToro's US$50), offers 7 account base currencies (against eToro's 2), and has no minimum withdrawal (against eToro's US$30). eToro and FxPro both offer credit cards and debit cards. FxPro holds no licence in Australia.
Only eToro can be assessed for account opening, since FxPro is a CFD broker and does not offer real stocks. FxPro holds no licence in Australia.
| Section score | eToro 69 -6 69 | FxPro 75 Best not offered |
|---|---|---|
| Minimum deposit i | US$50 | US$0 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | AUD, CHF, EUR, GBP, JPY, PLN, USD |
| Deposit waiting time i | Instant | up to 1 business days |
| Withdrawal waiting time i | up to 7 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and FxPro in Australia, in how it can be reached and how fast it answers.FxPro is better than eToro for customer care, because FxPro offers customer support in 18 languages (against eToro's 1), and has a website in 24 languages (against eToro's 7). Both eToro and FxPro offer a dedicated account manager and phone support.
eToro and FxPro cannot be compared for customer care, because eToro is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | eToro 78 -13 78 | FxPro 91 Best not offered |
|---|---|---|
| Number of languages supported i | 7 | 24 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | English | Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and FxPro provide to their clients in Australia.eToro is better than FxPro for learning, because eToro offers webinars, which FxPro does not. Both eToro and FxPro offer education for advanced traders and professional reports.
eToro and FxPro cannot be compared for learning, because eToro is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | eToro 96 Best 96 | FxPro 88 -8 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs FxPro: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker regulated in Australia by ASIC, with copy and social trading.
Stocks Choose eToro if you want an online broker for stocks regulated in Australia by ASIC, with copy and social trading.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
FxPro
CFD/FX Choose FxPro if you want a CFD and forex broker for scalping, with TradingView and cTrader and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or FxPro, each scored with the same data and method as this page.
