eToro vs. Interactive Brokers

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 logo

eToro

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Interactive Brokers

Interactive Brokers

Open account Read review

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

eToro logo
Interactive Brokers

Overall rating

4,9/5

4,9/5

Overall rating

4,9/5

4,9/5

Trading Platform & Tools

4.9

4.9

See details
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

4.8

4.9

See details
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

Mobile Trading

4.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.9

See details
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

4.8

4.9

See details
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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.8

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

Customer Support

5.0

4.9

See details
Email
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:  

  1. eToro is the leading social trading broker with secure platforms and top-tier licenses. 
  2. Interactive Brokers is a leading online broker with many learning tools. 
  3. 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:

eToro review

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. 51% 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

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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.

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