Page Summary
eToro and Interactive Brokers are leading online brokers. eToro offers a superior social trading experience through its proprietary platforms. It is a safe broker with licenses from the ASIC and FCA. eToro has a dedicated social trading space and mobile app. We recommend it for professional traders as it has limited research and educational materials.
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eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 1:20 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | 0 |
| Deposit Fee | 0 | 1% |
| Inactivity Fee | $10 a month after one year | 0 |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 0.2 pips + 0.08 to 0.20 bps times trade size comission |
| Stocks & ETF | 0 | $ 0.005 per share |
| CFD (Gold) | 5 pip | 0.02% |
| Crypto | 0 | 0.12% to 0.18% of trade value |
| Options | 0 | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 16.500 |
| ETF & Funds | 0 | 35.000 |
| Crypto | 30 | 4 |
| Commodities | 0 | 1 |
| Indices | 0 | 3052 |
| Options | 0 | 50.000 |
| Futures | 0 | 245 |
| Bonds | 0 | 1.000.000 |
| Forex Instruments | 49 | 115 |
| CFD Indices & Funds | 250 | 13 |
| CFD Stocks | 2800 | 8.000 |
| CFD Commodities | 54 | 2 |
| CFD Crypto | 32 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Interactive Brokers is a secure broker with licenses from the IIROC, FSA, SFC, MAS, FCA, FINMA, and CFTC. It offers a proprietary platform and a professional app with access to a demo account. Interactive Brokers is a good choice for new traders as it has in-depth educational materials.
Both online brokers have strengths and weaknesses. This article discusses the differences between eToro and Interactive Brokers.
Top findings from the eToro vs. Interactive Brokers review:
- eToro is the leading social trading broker with secure platforms and top-tier licenses.
- Interactive Brokers is a leading online broker with many learning tools.
- Both brokers offer a demo account to test their offering.
eToro is an excellent choice for professional traders, as it provides world-class social trading tools. We recommend Interactive Brokers to traders of all levels of experience who want to improve their trading knowledge and skills.
Level of experience
Beginner traders choose Interactive Brokers over eToro. Interactive Brokers offers many research tools, including Trading Central and forex news. It has excellent educational materials, including investor dictionaries and webinars. Its virtual trading account is a top learning tool.
eToro offers world-class social trading tools, including social sentiment and an economic calendar. It is a top choice for professionals, as it has advanced tools and platforms. eToro has limited research and educational materials.
Fees
The minimum deposit fee at eToro is $100, while Interactive Brokers doesn’t charge an initial fee. Both brokers follow a transparent fee structure and offer an active trader discount.
Assets
Interactive Brokers has 105 forex currency pairs, while eToro has 47 available pairs. Interactive Brokers offers 7400 CFDs, while eToro has 2314 available CFDs.
Trading platform
eToro offers an excellent social trading experience with premium platforms. It provides a demo account, a professional app, and a proprietary platform. We recommend eToro to advanced traders, as it has limited educational tools.
Interactive Brokers offers a beginner-friendly trading experience with desktop and web platforms. It has many educational materials, including webinars, forex education, and advanced trading videos. It is a top choice for traders of all levels of experience.
Banking services
Banking services are essential to traders of all levels of experience. eToro has many funding options, including bank wire, credit/debit card, PayPal, and Skrill. Interactive Brokers offers bank wire as its only funding solution.
Final verdict
eToro and Interactive Brokers are leading online brokers. Both have advantages and disadvantages, depending on your trading knowledge and skills. Professional traders prefer eToro with its top-tier social trading tools. We recommend Interactive Brokers to new traders because of its comprehensive learning center.
eToro compared to other brokers:
Disclaimer:
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. 77% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.