eToro vs FP Markets (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
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…
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…
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.
Copy Trading, Professional Trading, Retail Trading
Copy 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.
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).
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.