eToro vs FP Markets (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

eToro

Trust rank #8 · Founded 2007

eToro is a well‐regarded forex broker and multi‐asset platform offering broad access to currency markets via web and mobile trading. It provides social trading features, research, and education within an integrated interface…

Read the eToro review

FP Markets

Trust rank #23 · Editorial rating 9 / 10 · Founded 2005

FP Markets is a well-regarded forex broker providing access to currencies and CFDs on popular platforms, supported by research tools and education. It offers broad market coverage, platform choice, and multilingual customer…

Read the FP Markets review

eToro (Israel, founded 2007) holds 3 regulatory licences (ASIC, CySEC, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. FP Markets (Australia, founded 2005) holds 4 regulatory licences (ASIC, CMA, CySEC, FSCA), 1 of them tier-1, offers cTrader, MT4, MT5 and sits in our low-fee bracket. The two overlap in 214 countries; eToro is available in 3 countries where FP Markets is not, and FP Markets in 11 where eToro is not.

Verdict at a glance

  • eToro leads on trust rank and tier-1 licences.
  • FP Markets leads on track record, regulatory coverage, platform choice and country coverage.
  • Level on instrument range and fee level.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

eToro vs FP Markets: side-by-side data

CriteriaeToroFP Markets
Editorial ratingNot verified9 / 10
Trust rank#8#23
Founded20072005
HeadquartersIsraelAustralia
RegulatorsASIC, CySEC, FCAASIC, CMA, CySEC, FSCA
Broker typeMarket MakerDMA, ECN, STP
PlatformsProprietarycTrader, MT4, MT5
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted217 countries225 countries
Fee levelLowLow
Trading typesCFD TradingCFD Trading, Spot Trading
Best-for use casesCopy Trading, Professional Trading, Retail TradingCopy Trading, Professional Trading, Retail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

eToro

  • Tier-1 regulation (FCA/ASIC/CySEC)
  • Negative balance protection
  • Built-in social/copy trading
  • Multi-asset CFD account
  • Spread-only FX pricing

FP Markets

  • ASIC & CySEC regulated
  • Raw ECN spreads from 0.0 pips
  • Fast execution and deep liquidity
  • MT4/MT5 platforms with EAs, hedging & scalping
  • Low commissions on RAW account

Cons

eToro

  • Higher spreads than ECN/STP brokers
  • No MT4/MT5 or third-party platform support
  • Market-maker execution (not true ECN/STP)
  • No guaranteed stop-loss orders
  • Withdrawal and currency conversion fees

FP Markets

  • No negative balance protection across all entities
  • No investor compensation scheme (ASIC clients)
  • IRESS platform and market data fees
  • Withdrawal fees on international bank wires/selected methods
  • Not available to US residents

Key features

eToro

  • CFD forex trading on majors minors and exotics
  • Regulated by FCA CySEC and ASIC with segregated client funds
  • Social copy trading CopyTrader and Smart Portfolios
  • Proprietary web and mobile platform with ProCharts and economic calendar
  • Risk management orders stop loss take profit and negative balance protection
  • Two factor authentication and KYC AML security controls

FP Markets

  • Multi asset Forex and CFD trading on MT4 MT5 cTrader and Iress
  • ECN raw spreads deep liquidity and low latency execution
  • ASIC and CySEC regulated with segregated client funds
  • Advanced trading tools Autochartist VPS and copy trading
  • MAM PAMM accounts for portfolio management
  • Direct market access share CFDs via Iress

Country availability: eToro vs FP Markets

Available at both (214): Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Canada, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia and 174 more.

Only eToro (3): Liberia, Libya, United States of America.

Only FP Markets (11): American Samoa, Central African Republic, China, Congo, Ethiopia, Guam, Lebanon, Mali, Nicaragua, Venezuela, Zimbabwe.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

eToro vs FP Markets: common questions

Which broker is more regulated, eToro or FP Markets?

FP Markets holds more regulatory licences: eToro (ASIC, CySEC, FCA) versus FP Markets (ASIC, CMA, CySEC, FSCA). Tier-1 licences: eToro 2, FP Markets 1.

Which trading platforms do eToro and FP Markets offer?

eToro offers Proprietary; FP Markets offers cTrader, MT4, MT5.

Which has lower fees, eToro or FP Markets?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, eToro or FP Markets?

FP Markets is the older of the two, founded in 2005; eToro was founded in 2007.

Are eToro and FP Markets available in the same countries?

They overlap in 214 countries. eToro is additionally available in 3 countries (Liberia, Libya, United States of America) and FP Markets in 11 countries (American Samoa, Central African Republic, China, Congo, Ethiopia, Guam and 5 more).

Keep comparing

eToro

FP Markets

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.