General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
eToro vs FBS: A Comprehensive Comparison Summary
eToro is regulated by CySEC, ASIC, and FCA. It is also registered in the USA with FinCEN, making it eligible for US traders. eToro has a security rating of 95. On the other hand, FBS is regulated by IFSC and CySEC, with a security rating of 93.
eToro offers a demo account with unlimited duration and virtual funds of $100,000. The virtual funds on the eToro demo account can be restored by contacting customer support. FBS also provides a demo account with a duration of 90 days, and the amount of virtual funds can be chosen by the trader.
The minimum deposit for eToro is $200 for most countries, while it is $50 for some. eToro offers account currency in USD only, which may not be ideal if you deposit in currencies different from the US Dollar. Payment methods accepted by eToro include wire transfers, credit/debit cards, and eWallets. They offer various account options, including Standard account, Islamic account, Corporate account, and Professional account for advanced traders.
FBS has a minimum deposit starting from $1, depending on the account type chosen. They offer account currencies in USD, EUR, and AUD. Payment methods accepted by FBS include wire transfers, credit/debit cards, e-wallets, and local payment methods. FBS offers a wide range of account types, including Standard account, Cent account, Micro account, Zero Spread account, Ultra account, Crypto account, ECN account, Islamic account, and CopyTrading account.
eToro is the best player at offering copy and social trading. They provide a copy-social trading service through their proprietary platform. FBS also offers a copytrading service through a dedicated account called FBS Copy Trading account.
eToro offers a wide range of markets, including forex (49), commodities (35), indices (20), crypto assets (174), stocks (1050+), and ETFs (290+). They offer crypto, stocks, and ETFs both as CFDs and as real assets, making it suitable for both long-term investments and short-term trading. On the other hand, FBS offers a more limited range of markets, including forex (37), commodities (4), indices (4), and crypto assets (37). FBS focuses solely on CFD trading, making it more suitable for short-term trading rather than long-term investments.
eToro has variable spreads on forex, starting from 1 pip (above the market average). They offer zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, allowing investors to start with just $10. FBS offers both variable and fixed spreads on forex, starting from 0.0 pips (depending on the account type chosen). Fixed spreads on the FBS micro account start from 3 pips. FBS also charges a commission of $6 per lot for their ECN account.
eToro provides a user-friendly proprietary platform accessible via web and mobile devices. Their platform is specialized in copy and social trading. FBS offers its proprietary platform called FBS Trader, available on mobile devices. They also provide MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on desktop, webtrader, and mobile devices.
eToro offers high-quality educational materials, including blog articles, fintech guides, trading videos, webinars, and seminars. Their customer care is easy to contact via email and live chat. FBS provides clients with access to webinars, video tutorials, educational articles, and market analysis. They offer customer care support via email, phone, and live chat in 18 languages.
In conclusion, eToro and FBS have their strengths and weaknesses. eToro excels in security, demo account availability, account opening, social-copy trading, market variety, and low stock commissions. FBS stands out in terms of low minimum deposit, a wide range of account types, and multiple platform options.
Considering the overall comparison, eToro emerges as the preferred choice for traders seeking a broker with a comprehensive range of markets, excellent social-copy trading features, and a user-friendly platform. However, FBS may be more appealing to traders looking for low minimum deposits and a variety of account types. Individual preferences and specific trading needs should be considered before making a final decision.