eToro vs FBS Comparison & Reviews

FeatureeToroFBS
RegulationCySEC (Cyprus), FCA (UK), ASIC (Australia), SEC, FINRA (US), multiple global licensesIFSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa)
Minimum Deposit$10 (varies by region and account type)$1 (for Cent account), $100 for Standard Account
Account TypesRetail, Professional, DemoCent, Micro, Standard, Zero Spread, ECN, Crypto
Trading PlatformProprietary web-based platform and mobile app, CopyTrader, Smart PortfoliosMetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader mobile app
Copy TradingYes, through CopyTrader featureYes, through FBS CopyTrade app
LeverageUp to 1:30 for retail clients (higher for professionals)Up to 1:3000 (depending on account type and region)
InstrumentsForex, Stocks, ETFs, Cryptocurrencies, Commodities, IndicesForex, Cryptocurrencies, Commodities, Indices, Stocks
Number of AssetsOver 3,000 instrumentsOver 100 instruments (varies by region)
SpreadsFloating spreads, typically starting at 1 pip (depending on market conditions)From 0 pips (Zero Spread and ECN accounts), typical spreads 1-3 pips on Standard accounts
CommissionsNo commissions on most trades (only spreads for standard assets)Commissions on ECN and Zero Spread accounts, no commissions for Cent or Standard accounts
Deposit OptionsBank transfer, Credit/Debit card, PayPal, Neteller, Skrill, CryptoBank transfer, Credit/Debit card, Neteller, Skrill, Sticpay, Local payment options
Withdrawal Fees$5 (for certain methods), Free for some regionsFree (may incur fees from payment providers)
Deposit FeesNoneNone
Trading FeesBuilt into spreads (except for leveraged CFD short trades)Commissions on some account types, built into spreads for others
Islamic AccountYesYes (available for all account types)
Customer Support24/5 live chat, email, phone support24/7 live chat, phone, email support
Education ResourcesBlog, webinars, trading academy, research toolsWebinars, trading videos, articles, beginner guides
Bonus/PromotionsNo bonuses (due to regulatory restrictions)Bonuses available (100% deposit bonus, promotions vary by region)
Regulated RegionsEU, UK, US, Australia, globally in licensed regionsAsia, Africa, parts of Europe, Latin America (regulated regions)
Social TradingYes, integrated with the platformYes, through FBS CopyTrade app
Demo AccountYes, unlimited usage with virtual fundsYes, unlimited usage with virtual funds
Mobile AppAvailable for iOS and AndroidFBS Trader app, MetaTrader apps for iOS and Android
Market Order TypesMarket, Limit, Stop, Take-Profit, Stop-LossMarket, Limit, Stop, Pending, Trailing Stops
Automated TradingYes, via API and copy tradingYes, via Expert Advisors (EAs) on MT4/MT5
Security FeaturesSSL encryption, 2FA, segregated fundsSSL encryption, segregated funds, negative balance protection
Negative Balance ProtectionYesYes
Account CurrenciesUSD, EUR, GBP, and othersUSD, EUR, multiple regional currencies
Maximum Leverage (Retail)1:30 (regulated regions)1:50 to 1:3000 (varies by account type and region)
Scalping AllowedNoYes (on ECN and other accounts)
Hedging AllowedYesYes
Cryptocurrency TradingYes, including real crypto and CFDsYes, via CFDs
Platform UsabilityIntuitive, user-friendly, beginner-focusedAdvanced features for experienced traders (MT4/MT5)
Algorithmic TradingLimited, supports through API or pre-built strategiesFull support via Expert Advisors (EAs) on MT4/MT5
Research ToolsAnalyst reports, daily news feed, market sentiment charts, economic calendarIntegrated news, analysis tools on MT4/MT5, economic calendar
Charting ToolsMultiple chart types, customizable indicators, drawing toolsFull suite of technical indicators, customizable charts, EA integration
Trading SignalsYes, via CopyTrader and community insightsYes, via signals and indicators on MT4/MT5
Execution TypeMarket execution (no dealing desk)Market and instant execution, ECN accounts
Slippage ControlAdjustable slippage settingsAdjustable slippage settings on ECN and standard accounts
Order Processing SpeedFast, depends on internet connection and liquidityUltra-fast (especially on ECN), low latency servers
Volatility ProtectionYes, take-profit, stop-loss orders, trailing stopsYes, multiple order types including stop-limit and hedging
Stop-Out Level50% (retail accounts, varies by regulation)20-50% depending on account type
Asset OwnershipReal stocks and cryptos available (non-CFD for some regions)No direct ownership (all assets traded as CFDs)
Margin CallYes, triggered if balance falls below required marginYes, varies by account type (Cent, ECN, etc.)
Corporate AccountsYes, corporate and institutional accounts availableNo, focused on individual and retail accounts
Trading CompetitionsNo, due to regulatory constraintsYes, regular trading contests with cash prizes
Rewards ProgramNo rewards programYes, loyalty program with cashback options and rewards
Account Verification Time1-3 business days (can vary by documents and country)1-2 business days, typically faster for digital verification
Swap-Free OptionsYes, for Islamic accountsYes, available for all account types upon request
PAMM/MAM AccountsNo, eToro uses direct copy tradingNo, no specific PAMM/MAM accounts available
Server ReliabilityVery stable, with redundancy and backupsHigh reliability, low-latency servers with VPS options
Affiliate ProgramYes, referral and affiliate programYes, affiliate program with tiered commissions
Regional RestrictionsRestricted in certain countries due to regulations (e.g., Iran, North Korea)Also restricted in some countries (e.g., USA, Canada)
TrustworthinessEstablished in 2007, publicly traded company (NASDAQ: ETOR)Established in 2009, globally recognized with strong user base
Daily Market UpdatesRegular updates with in-platform notificationsYes, via MetaTrader and FBS news feeds
VPS HostingNo built-in VPS hostingYes, free VPS for eligible users (trading volume or deposits required)
Deposit Processing TimeInstant for most digital wallets and cardsInstant for digital wallets, up to 1 business day for bank transfers
Withdrawal Time1-2 business days (may vary based on method)15 minutes to 48 hours depending on method
Trading Hours24/5 (Forex and most CFDs), Cryptos 24/724/5 (Forex), Cryptos 24/7
Account CustomizationLimited customization of account featuresMore customization (leverage, order types, etc.) based on account type
Desktop PlatformWeb-based (no separate desktop client)Standalone MT4/MT5 desktop applications
Copy Trade Platform UsabilityUser-friendly, with leaderboards and detailed trader statsMore complex interface compared to eToro’s CopyTrader
Trading Education PlatformIn-depth guides and beginner-friendly contentExtensive trading courses, MT4/MT5 tutorials, live sessions
User BaseOver 30 million users globallyOver 23 million users globally
Stock Fractional TradingYes, available for stocks and ETFsNo, full lots only (for stocks as CFDs)
Portfolio ManagementOffers Smart Portfolios (pre-built portfolios)No specific portfolio management, manual trading only
AI/Algorithmic InsightsYes, some AI-powered market sentiment toolsNo built-in AI tools, but custom EA bots can be integrated
Micro Lot TradingNo (minimum position size is 0.01 lot for Forex)Yes, supports micro-lots as small as 0.001 lot
Real-Time NotificationsPush notifications for price changes, orders, and market newsPush notifications on the mobile app for trading activity
Fee TransparencyClear fee structure shown within the app, no hidden chargesTransparent fees but commission amounts vary by account type
Risk Management ToolsBuilt-in risk score for portfolios, copy-trading risk limitsFull control over position size, stop-out levels, and hedging
Market Depth (Level 2)No, limited to basic order bookYes, available on ECN accounts (depth of market view)
Forex Pairs Offered49+ pairs40+ pairs (varies by region)
Regulatory Fines or IssuesNo significant recent issuesNo significant recent issues, some past controversies (bonuses in certain countries)
Weekend TradingOnly for cryptocurrenciesOnly for cryptocurrencies
News FeedIntegrated social-style feed for market insights and user postsTraditional financial news via MT4/MT5 terminals
Webinars and Live SessionsRegular webinars on market strategies and crypto trendsFrequent live trading webinars and Q&A sessions
Deposit BonusesNone (due to strict regulation)Yes, up to 100% deposit bonus, cashback bonuses, loyalty rewards
Active CommunityYes, integrated social community and discussion boardsSmaller community, but active in copy trading app
Partnership ProgramsYes, influencer and affiliate partnershipsYes, affiliate programs with cash rewards and tiers
Order History TrackingFull order and trade history accessibleFull trade history via MT4/MT5 logs and reports
Mobile Trading CustomizationHigh customization, notifications, and price alertsAdvanced order types, EAs, and scripts via mobile MetaTrader apps
Cashback and RebatesNoYes, FBS offers cashback programs for trading volume
Advanced Risk FeaturesCopy trading with automatic stop-loss on copied accountsNegative balance protection on all accounts
Inactivity Fee$10 per month after 12 months of inactivityNo inactivity fees
Annual Trading Costs for Active TradersLow due to zero commissions on stocks and ETFsHigher if using ECN/Zero Spread accounts (due to commissions)
Platform DowntimeMinimal downtime during updates and maintenanceRarely, mainly during server upgrades
Order QueuingMinimal queuing due to strong liquidity providersDepends on account type, ECN offers direct access
Market Availability by TimezoneComprehensive due to global markets24/5 Forex trading, with regional differences based on liquidity
IPO AccessYes, offers pre-IPO access for some stocksNo pre-IPO or direct IPO investments
Regulatory ProtectionsHigh protection due to FCA, CySEC, ASIC, and ESMA rulesStrong protections under CySEC and ASIC, less stringent for IFSC accounts
Daily Economic CalendarYes, integrated in the platformYes, available in MT4/MT5 and on FBS’s website
Trade Execution FlexibilityNo manual dealing desk, but copy trades may follow leader’s timingPure STP/ECN accounts with no interference, manual control on other accounts
Financial Reporting ToolsYes, detailed profit/loss and tax reportsYes, MT4/MT5 provides detailed reports
Partnership SponsorshipsPartners with multiple sports and fintech companiesFBS sponsors events and runs brand awareness campaigns
Trading Bot IntegrationLimited to external APIs and CopyTrader automationFull compatibility with automated Expert Advisors (EAs)
Cryptocurrency Pairs70+ crypto pairs (including real assets and CFDs)30+ crypto pairs (all CFDs)
Account Registration TimeQuick, typically under 10 minutes for KYC approvalSlightly longer due to manual review (depending on document submission)
Password Recovery SupportFull recovery options via email and mobileSimilar, secure recovery options provided
Scalping RestrictionsYes, scalping not allowed (short-term trades discouraged)No restrictions, scalping is allowed for all accounts
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eToro is ideal for social trading and real asset ownership with a user-friendly interface, while FBS excels in high-leverage Forex trading, advanced MT4/MT5 features, and bonuses.