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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79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
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.
Trading Platform & Tools
|MetaTrader 4 (MT4)|
|MetaTrader 5 (MT5)|
|Mutual Fund Management|
|Inactivity Fee||$10 a month after one year||0|
|Cost Per Trade||$0||0|
|Cost Per Month||$0||0|
|Forex (EUR/USD)||1.1 pip||0.2 pips + 0.08 to 0.20 bps times trade size comission|
|Stocks & ETF||0||$ 0.005 per share|
|CFD (Gold)||5 pip||0.02%|
|Crypto||0||0.12% to 0.18% of trade value|
|Overnight Fees||Yes on CFD’s|
Deposit & Withdrawal
|Minimum deposit (in UAE)||$200||0 ($2000 for margin account)|
|Check||YES from US bank account|
|Islamic Account Transfer|
|ETF & Funds||0||35.000|
|CFD Indices & Funds||250||13|
|Tier 1 License|
|Tier 2 License|
|Tier 3 License|
Research & Education
|Daily News Updates|
|Market Indepth Analysis|
|Pers. Training & Room|
|Personal Account Manager|
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.
The minimum deposit fee at eToro is $200, while Interactive Brokers doesn’t charge an initial fee. Both brokers follow a transparent fee structure and offer an active trader discount.
Interactive Brokers has 105 forex currency pairs, while eToro has 47 available pairs. Interactive Brokers offers 7400 CFDs, while eToro has 2314 available CFDs.
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 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.
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: