eToro vs FP Markets vs InstaForex - Fees Review included
| Feature | eToro | FP Markets | InstaForex |
|---|---|---|---|
Overall |
4.8 |
4.6 |
4.5 |
5.0 |
4.7 |
4.5 |
|
4.7 |
4.7 |
3.5 |
|
4.9 |
4.6 |
4.6 |
|
Investment Instruments |
5.0 |
4.9 |
4.8 |
Platforms and Charting Tools |
4.1 |
4.7 |
4.4 |
Deposit and Withdrawal |
4.5 |
4.4 |
5 |
Research |
5 |
3.9 |
4.6 |
Education |
4.3 |
3.8 |
4.8 |
Support |
4.2 |
4.2 |
4.7 |
Bonuses |
1 |
2.1 |
5 |
|
|
|
|
eToro vs FP Markets vs InstaForex: Pros and Cons
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.
InstaForex is an international company that has been providing services in the Forex currency market since 2007. Today, more than 7 million traders worldwide use the services of this broker. InstaForex offers its clients access to 300 trading instruments, such as PAMM Investment and ForexCopy system to copy trading of successful traders. The company’s activity is regulated by the British Virgin Islands Financial Services Commission (FSC) in accordance with the Securities and Investment Business Act. InstaForex has a reputation for responsible and professional trading practices. In 2016, the company received the UK Forex Best Social Broker Award, in 2018 was named the Best Forex Platform for Trading Cryptocurrency, and in 2019 Best Asian Broker and the Best Eastern European broker.
| eToro | FP Markets | InstaForex | |
|---|---|---|---|
| Overall Pros | Mobile app for trading from smartphones | favorable trading conditions | Regulated Forex Broker |
| Highly licensed and regulated broker | more than 10,000 trading instruments | 2500+ trading assets | |
| eToro charges a fixed withdrawal fee of $5 USD | investment opportunities: copy trading, MAM and PAMM | Individual online training | |
| The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | order execution speed is 40 ms | Advances news and analytitc platforms | |
| The funds of eToro clients are held at the licensed US banks | Free VPS service | ||
| well-regulated broker | High exacution speed | ||
| EAs and VPS | No deposit and withdrawal fees | ||
| Deposits in crypto | |||
| $1000 No deposit bonus (Only for international entety) | |||
| Overall Cons | Customer support can be only contacted by tickets | complex verification process | High spreads and trading fees |
| Low exacution speed |
eToro vs FP Markets vs InstaForex: Safety and Regulation
| Regulated By: | eToro | FP Markets | InstaForex |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
No |
No |
FCA UK Regulation |
Yes |
No |
No |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
No |
No |
ASIC (Australia) |
Yes |
Yes |
Yes |
CFTC (U.S) |
No |
No |
No |
MAS |
No |
No |
No |
FSCA SA |
No |
Yes |
Yes |
BVI FSC |
No |
No |
No |
VFSC |
No |
No |
No |
FSA (Seychelles) |
Yes |
Yes |
Yes |
eToro vs FP Markets vs InstaForex: Trading Conditions
| Trading Conditions | eToro | FP Markets | InstaForex |
|---|---|---|---|
Minimum Deposit |
$50 |
$100 |
$1 |
Trading Platforms |
eToro |
MT4, МТ5, Webtrader, Mobile, Iress |
MT4, MT5, InstaForex MultiTerminal |
Max Leverage (Futures) |
1:30 |
1-500, for EU and AU clients - 1-30 |
1:1000, 1:30 (for EU clients) |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Trading assets |
1000+ |
10000+ |
2500+ |
Trading Accounts |
Standard, Demo |
Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress |
Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica for international entity, ECN, ECN PRO, ECN VIP - For EU entity. |
Base Account Currencies |
USD |
AUD |
EUR, USD |
eToro vs FP Markets vs InstaForex: Fees
| Fee | eToro | FP Markets | InstaForex |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,3 |
0,5 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,1 |
1,1 |
1,1 |
ECN Commission |
3 |
3 |
|
ECN Spread EUR/USD |
0,1 |
0,1 |
|
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
0-1 |
0-1 |
Withdrawal fee, USD |
5 |
No |
No |
Inactivity fee, $ |
10 |
No |
No |
eToro vs FP Markets vs InstaForex: Trading Assets
| Asset Name | eToro | FP Markets | InstaForex |
|---|---|---|---|
Overall |
1000+ |
10000+ |
2500+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
No |
Yes (CFD) |
Bonds |
No |
Yes (CFD) |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
No |
Binary Options |
No |
No |
No |
eToro or FP Markets or InstaForex: Investment Programs
| Asset Name | eToro | FP Markets | InstaForex |
|---|---|---|---|
Copy Trading |
Yes |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Yes |
Managed Accounts |
No |
No |
No |
Other |
No |
Bond CFDs |
No |
Trading Platforms: eToro or FP Markets or InstaForex
| eToro | FP Markets | InstaForex | |
|---|---|---|---|
MT4 |
No |
Yes |
Yes |
MT5 |
No |
Yes |
Yes |
cTrader |
No |
No |
No |
Appropriate platform |
eToro |
No |
InstaForex |
Others |
No |
Iress |
No |
|
|
|
|
eToro vs FP Markets vs InstaForex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | eToro | FP Markets | InstaForex |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Yes |
Neteller |
Yes |
Yes |
Yes |
BTC |
No |
Yes |
Yes |
Wise |
No |
No |
No |
Payoneer |
No |
No |
No |
USDT |
No |
No |
No |
eToro vs FP Markets vs InstaForex: Research
| Research Type | eToro | FP Markets | InstaForex |
|---|---|---|---|
News Feed |
Yes |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
Yes |
No |
Yes |
E-Mail Reports |
Yes |
Yes |
Yes |
eToro vs FP Markets vs InstaForex: Education
| Education Type | eToro | FP Markets | InstaForex |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
No |
Yes |
Yes |
Articles |
Yes |
Yes |
Yes |
Videos |
Yes |
Yes |
Yes |
Cent account |
No |
Yes |
Yes |
eToro vs FP Markets vs InstaForex: Support
| Support Features | eToro | FP Markets | InstaForex |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/5 |
Yes |
Yes |
Yes |
|
Phone |
No |
yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
No |
No |
Messendgers |
eToro vs FP Markets vs InstaForex: Forex Bonuses and Promo
| Promo | eToro | FP Markets | InstaForex |
|---|---|---|---|
Forex Bonus |
No |
No |
$1000 no deposit bonus |
Affiliate Program |
$100-250 per trader |
CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders. |
Yes |
Other Promos |
No |
||
|
|
|
|
Top 5 Reviews on eToro
-
Comment
I’ve been familiar with the broker eToro for over a year, looking for a platform with extensive features for copy trading and the ability to buy stocks in small lots. The minimum deposit is $50, which is affordable, but spreads start at 1.0 pip — not the lowest in the market. I liked that the broker is regulated by CySEC and FCA, and has over 20 million clients worldwide. During this time, I tried buying fractional shares and investing in cryptocurrencies — the platform makes this quite convenient, although the website can be slow at times. I consider eToro more of a universal platform for passive investing than for frequent trading.
-
Comment
The broker offers only one account currency — USD. It supports trading across a wide range of assets, including currencies, stock indices, commodities, and cryptocurrencies. Deposits can be made via cards, Skrill, PayPal, and even YooMoney. Some nuances include a withdrawal fee, an STP model without ECN, and a lack of advanced analytical tools on the website. Despite these aspects, eToro consistently maintains its position in international rankings.
-
Comment
eToro is suitable for investors who want to copy successful traders. It offers the Popular Investor feature, where you can earn up to 2% of the copied volume. The platform is fully web-based and mobile-friendly, with a low entry threshold. The downside is the high spreads and a limit of 100 copiers per lead trader. There’s also no option to use expert advisors or algorithms.
-
Comment
I opened an account on eToro with the minimum deposit of $50, and the platform's interface turned out to be convenient, especially in terms of copy trading. The minimum amount for copy trading is only $1, which makes it easy to start. The available instruments include stocks, currencies, commodities, and cryptocurrencies. On the downside, there is no MT4/MT5, and withdrawals cost $5. Also, the number of followers is limited — a maximum of 100 traders can copy one.
-
Comment
Been using eToro for full year and here is my impartial review of the broker: Most compatible for trading stocks with its zero-fee structure for securities, but charges high for crypto + high spread for forex Order fulfillment is fast and glitches rarely happen. If they do, their customer service agent will promptly reach out to explain the issue and find a common ground to solve it Great for portfolio diversification with the availability of thousands of tradable assets Simple trading terminal with a number of good features e.g. copy trading, social trading, etc No deposit fee + $5 fee for withdrawals (regardless of the amount) Has a lot of ancillary charges such as inactivity fee, currency conversion fee, and overnight fee
Top 5 Reviews on FP Markets
-
Comment
I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.
-
Comment
I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.
-
Comment
I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.
-
Comment
Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.
-
Comment
FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.
Top 5 Reviews on InstaForex
-
Comment
InstaForex offers over 2,500 trading instruments, including InstaSpot and InstaFutures—for those looking for unconventional assets. Over years of working with them, I haven’t encountered any critical outages, but it’s important to note that some products, like OYS accounts, are only available with a minimum investment of $1,000. Support is available within the terminal and responds quickly, though it can be quiet during nighttime hours.
-
Comment
For the first time, I came across a non-standard instrument called InstaFutures with a broker. So far, I’ve tested it on a demo account using MT5. I chose the Insta.Standard account — the spread is floating, around 1.2 pips. The minimum trade size is 0.01 lots. The partnership program is straightforward — commissions are paid out regularly, with transparent terms, especially for CPL and CPA. However, withdrawals via crypto wallets aren’t always fast.
-
Comment
I’ve been using the option to invest through the OYS portfolio under CySEC. The minimum is from $2000, with allocations across crypto, stocks, and indices. So far, everything is transparent, and the fees are clear. Trading is available via WebTrader, MT4, and MT5, which is convenient. No issues with withdrawals or verification. However, the dealing delay in copy trading—up to 15 seconds—is something to keep in mind.
-
Comment
Instaforex offers two main registration options — under FSC or CySEC. This choice affects both leverage (up to 1:1000 vs. 1:30) and spreads. There’s also a wide range of account types, from demo and standard to ECN and VIP. Support responds quickly, especially with straightforward inquiries. However, this broker may not suit those looking for fixed-income investments — there are no passive investment tools available.
-
Comment
I prefer to deal with InstaForex. Their web trader platforms are awesome, and I can trade in browsers with many advanced functions, which has brought me $750 in profit so far. I am satisfied with InstaForexso far. I am happy to make profitable orders, so I will continue trading with InstaForex.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.