eToro vs. IG Trading Comparison

This comparison overview aids users that struggle to choose in between eToro and IG Trading to discover the best online broker for their trading and investment needs. It analyzes the highlights of both brokers side by side to help customers contrast their solution and make an educated decision.

To aid customers select the right broker in between eToro and IG Trading to find the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, complied with by a comparison of their primary trading features, including trading systems & devices, fees, mobile trading, deposit & withdrawal, possessions, guideline, and client support.

eToro vs. IG Trading: Summary

eToro logo

eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.

eToro charges 0% commission on stocks, ETFs and cryptocurrencies. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).

Their customer support is available through email and live chat in Arabic and English.

IG Trading logo

IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.

IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.

IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.

IG’s customer service is available through live chat, email, phone, and WhatsApp in English, and several other languages.

Pros

  • Low minimum deposit ($50)
  • 0% commission stocks and ETF trading
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Responsive customer support

Cons

  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing

Pros

  • Regulated by 8 tier-one regulators
  • Low average spreads from 0.82 pips EUR/USD
  • Wide range of trading platforms and third party plugins
  • Extensive research and education resources
  • Wide range of platforms

Cons

  • Slightly higher fees on CFDs
  • Limited banking options

Key features

  • Average trading fees
  • Industry leading social/copy trading tool
  • Easy buy/sell order types
  • Crypto exchange & brokerage services
  • Fast registration and KYC on-boarding process
  • Multiple payment options

Key features

  • Access to 20,000 tradable symbols
  • Compatible with MT4, L2 Dealer and ProRealTime
  • Unlimited demo paper trading account
  • Advanced research and analysis tools (L2 Dealer and ProRealTime)
  • Availability of EA’s and other automated trading software
  • Free trading signals and alerts

eToro vs. IG Trading Comparison

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Compare brokers
eToro logo

eToro

Open account Read review

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

IG Trading logo

IG Trading

Open account Read review

75% of retail CFD accounts lose money

BROKER COMPARISON

eToro logo
IG Trading logo

Overall rating

4,9/5

4,2/5

Overall rating

4,9/5

4,2/5

Trading Platform & Tools

4.9

5.0

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:30 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.8

3.7

See details
Withdrawal Fee $5 0
Deposit Fee 0 0
Inactivity Fee $10 a month after one year
Cost Per Trade N/A 0
Cost Per Month N/A $18
Forex (EUR/USD) 1.1 pip 0.6 pips
Stocks & ETF 0 0.3 pips
CFD (Gold) 5 pip 0.3 pips
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

4.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

1.3

See details
Minimum deposit (in UAE) $50 $5500
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.5

See details
Shares 2.800 1000
ETF & Funds 0 1000
Crypto 30 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 49 80
CFD Indices & Funds 250 80
CFD Stocks 2800 12000
CFD Commodities 54 6
CFD Crypto 32 10
CFD Bonds 0 12
Binary Options 0 100
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

5.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

eToro vs. IG Trading Comparison Conclusion

The outcomes of our comparison of eToro vs. IG Trading are wrapped up in the table below.

Broker:Best For:
eToroStocks and ETFs & Social Copy Trading
IG TradingGreat overall multi-asset broker

Selecting the best choice between eToro and IG Trading can be difficult. Both on the internet brokers have similarities however differ pertaining to trading instruments, systems & apps, policy, down payment & withdrawals, and research and education. Choosing the best broker relies on individuals’ trading & financial investment goals, private preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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