Etoro vs Prosperity4x Comparison in 2023

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Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Etoro and ProsperityFX are online brokers providing trading services worldwide. Etoro is known for its social trading and multi-asset platform, regulated in four tier-1 jurisdictions and one tier-4 jurisdiction including CySEC, FCA, Finra, FSA-S, and SIPC. On the other hand, ProsperityFX specializes in online forex and CFD trading. ProsperityFX is an offshore forex broker and is not regulated by any regulatory authorities. While these brokers offer similar services, they each have their own strengths and weaknesses.

In this article, I have compared Etoro and ProsperityFX in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis will help you determine which broker better suits your trading style and preferences.

Etoro

For over 15 years, eToro has been championing the art of social trading among forex traders. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro. 

Risk warning: 77% of retail CFD traders lose money.

Etoro Overview

Etoro Overview
  • Founded In: 2007
  • Founder: Yoni Assia, Ronen Assia
  • Headquarters: UK
  • Minimum Deposit: $50
  • Maximum Leverage: 30:1 EU, 50:1  USA
  • Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC
  • Trading platform: eToro Trading Platforms
  • Account Types: Standard, Professional, Corporate
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money

ProsperityFX

ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.

ProsperityFX Overview

ProsperityFX Overview
  • Founded In: 2020
  • Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: Standard, Pro, Var, Mini 
  • Payment Options: VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

Etoro vs ProsperityFX: Pros and Cons

Etoro Pros & Cons

Pros
  • Regulated in numerous jurisdictions including CySEC, FCA, ASIC, FinCEN, MSB, FSA Seychelles, FSC Gibraltar, and FSA Malta.
  • Trading over 5,000 forex and CFD assets plus real stocks/ETFs and Cryptocurrencies.
  • A large community of social traders
  • Trading tools like market sentiments, news feed, Trading Central analysis, etc.
  • Investors can copy the trades of expert traders or invest in ‘CopyPortfolios’
  • Real Stocks and ETFs are Available 
  • Negative Balance Protection
Cons
  • Traders pay withdrawal fees, inactivity fees, and conversion fees.
  • You have no other platform choice than the eToro platform.
  • You cannot automate your strategies via trading robots.
  • No multiple account types; you can only have a retail account or a professional account.
  • Margin trading is not available to U.S. users
  • No limit orders for stocks.
  • Not Available in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico and US Virgin Islands

ProsperityFX Pros & Cons

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • ProsperityFX Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

eToro vs ProsperityFX: Side-by-Side Comparison

etoro
Prosperityfx
Product
Product
etoro
Prosperityfx
Founded In
Founded In
2007
2020
Founded By
Founded By
Yoni Assia
Lee Sullivan
Headquarters
Headquarters
London, United Kingdom
Kingstown, St. Vincent and the Grenadines
Regulations
Regulations
SEC, FINRA, FCA, CySEC, FSA-S, SIPC, ADGM
None
Min Deposit
Min Deposit
$50
$25
Max Leverage
Max Leverage
30:1 EU, 50:1 USA
500:1
Tradable Assets
Tradable Assets
Offer you over 5,000 instruments from a wide range of asset classes: Stocks, Indices, ETFs, Currencies, Commodities, Crypto
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Fees
Fees
Spread from 1 pips
Spread from 0.8 pips
Platforms and Tools
Platforms and Tools
eToro trading platform
MT4
US Traders
US Traders
Allowed
Allowed

eToro Vs ProsperityFX: Our Scores and Ratings

We rated both brokers, eToro and ProsperityFX, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

eToro :

9.1
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9.5
Trading Education (5%)9

ProsperityFX:

3.6
ProsperityFx Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)5
Trading (15%)6.5
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)9

Final Verdict :

Both eToro and ProsperityFX are online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. eToro is a multi-asset and social trading platform, providing over 5000+ trading instruments, including Forex, CFDs, real stocks, and cryptocurrencies. It offers both leverage and non-leverage tradable assets. On the other hand, ProsperityFX is a forex and CFD broker that offers a wide range of trading instruments, including 30+Crypto,55+,Currencies,11 Indices,100+Stocks,8 Commodities. Both platforms accept US clients.CFD trading is not usually allowed in the USA. Since offshore forex brokers are not regulated by any regulatory authority authorities, they can accept clients from anywhere, including the USA. 

Our score for eToro is 8.5, and for ProsperityFX, it is 3.6 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose eToro. However, if you prefer offshore or unregulated forex and CFD brokers, you may choose ProsperityFX. Trading with unregulated or offshore forex brokers is always risky and not recommended.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Disclosure:  At Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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