In this comprehensive comparison, we delve into the world of brokerage giants, eToro and IG. Comparing these industry leaders can be a nuanced task, but we're here to simplify it for you. Join us as we dissect the strengths and weaknesses of both platforms.
If you prioritize a vast selection of available securities and a proven track record, IG emerges as a compelling choice. However, eToro's offer of 0% commission on stocks and innovative Copy Trading feature sets it apart as a standout broker. Let's dive deep into this comparison to provide you with a clear understanding of the unique offerings of both eToro and IG.
| IG Group | eToro |
|---|---|
 IG is one of the leading online brokers, offering Forex, spread betting and CFD trading across many markets. It is regulated by FCA, was founded in 1974 and is headquartered in London. |
eToro is a social/copy trading platform, offering a wide range of markets, along with 0% commission on stocks. They are regulated in top-tier jurisdictions. Full Review CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.eToro USA LLC does not offer CFDs, only real Crypto assets available. |
| Year founded: | |
| 1974 | 2006 |
| Regulated by: | |
| ASIC, JFSA, MAS, FINMA, FCA, CFTC | FinCEN, FCA, MiFID, CySec, ASIC |
| Headquarters: | |
| London, UK | London UK, Limassol Cyprus, Sydney Australia, USA |
| Is a Bank: | |
| Yes ✔️ | No ❌ |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| Varies: $250 – up to 2,500 CHF | $50 – $10,000 |
| Minimum Trade: | |
| £1 | $25 – $1,000 |
| Islamic Account: | |
| No ❌ | Yes ✔️ |
| Social/Copy Trading: | |
| Yes ✔️ | Yes ✔️ |
| Spread Betting: | |
| Yes ✔️ | No ❌ |
| Excluded countries: | |
| 133 | |
Exploring Product Diversity and Market Access
In the realm of available markets, IG takes the lead when we compare it to eToro. If your interests lie in trading stocks, currency pairs, ETFs, and commodities via CFDs, IG proves to be the superior option. On the other hand, if your preference leans toward acquiring and trading cryptocurrencies or adopting a more passive investment approach, eToro emerges as the better choice.
Visit eToro here – 68% of retail investor accounts lose money when trading CFDs with this provider.
| IG | eToro |
|---|---|
| Markets Available: | |
| CFDs on Stocks, Stock Indexes, ETFs, Bond, Cryptos, Forex, Options | Stocks (real), Commodities (CFD), Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD) |
| CFDs Total | |
| Yes ✔️ 12538 |
Yes ✔️ 2386 |
| Forex Pairs | |
| Yes ✔️ 205 |
Yes ✔️ 49 |
| Stocks | |
| Yes ✔️ 10,500 |
Yes ✔️ 2106 |
| Cryptocurrencies | |
| Yes ✔️ 8 |
Yes ✔️ 16 |
| Commodities | |
| Yes ✔️ 47 |
Yes ✔️ 31 |
| ETFs | |
| Yes ✔️ 1,900 |
No |
| Options | |
| Yes ✔️ | No ❌ |
| EFPs | |
| No ❌ | No ❌ |
| Mutual Funds | |
| No ❌ | No❌ |
| Robo Portfolios | |
| No ❌ | No ❌ |
Exploring Trading Platforms
In the context of trading platforms, IG takes the lead when comparing it to eToro. IG provides a more extensive array of options in terms of trading platforms, making it the overall superior choice. However, if you seek a streamlined, all-in-one trading platform that efficiently fulfills your needs, eToro stands as an excellent choice.
Visit eToro here – 68% of retail investor accounts lose money when trading CFDs with this provider.
| IG | eToro |
|---|---|
| Proprietary Platform: | |
| Yes ✔️ | Yes ✔️ |
| Desktop Platform: | |
| Yes ✔️ | No ❌ |
| Mobile App: | |
| Yes ✔️ iOS, Android |
Yes ✔️ iOS, Android |
| Web Trading Platform: | |
| Yes ✔️ | Yes ✔️ |
| MetaTrader: | |
| Yes ✔️ | No ❌ |
| cTrader: | |
| No ❌ | No ❌ |
| Mirror Trader: | |
| No ❌ | No ❌ |
| Zulu Trade: | |
| No ❌ | No ❌ |
| Dupli Trade: | |
| No ❌ | No ❌ |
Navigating Fee Structures
In the realm of fees, IG shines particularly bright for those interested in Forex Trading. Conversely, eToro is a compelling choice for individuals seeking to invest in actual stocks, thanks to their enticing 0% commission offer.
Visit eToro here – 68% of retail investor accounts lose money when trading CFDs with this provider.
| IG | eToro |
|---|---|
| Trading Fees: | |
| Yes ✔️ Spread Varies |
Yes ✔️ 0% Commission on stocks Spread Varies |
| Deposit Fees: | |
| No ❌ | No ❌ |
| Withdrawal Fees: | |
| $31 (Bank
Transfer) $0 (Credit Cards, eWallets) |
$5 (Bank Transfer) $5 (Credit Cards, eWallets) |
| Overnight Funding: | |
| Yes ✔️ | Yes ✔️ |
| Inactivity Fee: | |
| Yes ✔️ $10/month |
Yes ✔️ $10/month |
Assessing Customer Support
In the realm of customer support, IG outshines eToro with its notably more responsive assistance. On the other hand, eToro has garnered a reputation for slower response times.
| IG | eToro |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| Yes ✔️ | No |
| Languages: | |
| / | 15 |
Account Funding
| IG | eToro |
|---|---|
| Deposit Methods: | |
| Credit card, Debit card, HK FPS or Bank Transfer | Visa, MasterCard, Skrill, Diners Club, PayPal, WebMoney, Neteller, Yandex, Union Pay |
| Deposit Fee: | |
| No ❌ | No ❌ |
| Minimum Deposit: | |
| no minimum | $50 – $10,000 |
Exploring Educational Resources
In the realm of education, IG stands out as an industry leader. They provide an extensive and comprehensive library of educational materials, including a wide range of videos catering to traders of all levels, from beginners to advanced professionals. Additionally, IG offers quizzes, written articles, webinars, video tutorials, and a wealth of supplementary resources to enrich the learning experience.
| IG | eToro |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| Yes ✔️ | Yes ✔️ |
Frequently Asked Questions
Which Platform Has Lower Fees?
Both platforms have distinct fee structures, with fees varying depending on the asset being traded. Generally, IG offers lower fees for trading stocks, indices, and commodities. In contrast, eToro is renowned for its commission-free stock trading but applies spreads for other assets like forex and cryptocurrencies.
Which Platform Is Better for Beginners?
Both platforms cater to beginners, but eToro places a stronger emphasis on social trading, allowing users to replicate successful traders' strategies. This feature can be advantageous for novice traders looking to learn from experienced counterparts. While IG also provides educational resources and a user-friendly interface, it lacks eToro's social trading aspect.
Which Platform Offers a Greater Variety of Trading Instruments?
IG presents a broader selection of trading instruments encompassing stocks, forex, indices, commodities, cryptocurrencies, and more. eToro also offers a diverse range, including stocks, ETFs, forex, commodities, and cryptocurrencies, but typically offers fewer instruments within each category compared to IG.
Are Both Platforms Regulated?
Yes, both IG and eToro are subject to regulation by multiple regulatory authorities. IG is regulated by the Financial Conduct Authority (FCA) in the UK, among other regulators, while eToro holds regulatory oversight from the Cyprus Securities and Exchange Commission (CySEC), the Finance Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC)
What Are the Minimum Deposit Requirements?
Minimum deposit requirements can vary based on the platform and the user's location. IG's minimum deposit typically ranges from $250 to $300, while eToro usually mandates a minimum deposit of $50 (or $10 for U.S. clients).
Which Platform Offers a Superior Mobile App?
Both IG and eToro offer mobile apps for iOS and Android devices, featuring user-friendly interfaces and a plethora of features. The preference between the two largely depends on individual user preferences, as both apps have garnered positive reviews and provide similar functionality.
Which Platform Provides Better Educational Resources?
Both platforms supply educational materials for traders. IG offers an extensive array of resources, including webinars, video tutorials, articles, and a comprehensive trading academy. eToro also offers educational content in the form of articles, videos, and webinars, although its selection may not be as extensive as IG's offerings.
How Do the Platforms Handle Customer Support?
IG offers customer support through phone, email, and live chat and is known for its responsive and helpful assistance. eToro also provides customer support via live chat and email but may experience longer response times compared to IG.
Do Both Platforms Offer Demo Accounts?
Yes, both IG and eToro provide demo accounts, allowing new and experienced traders to practice with virtual funds. These accounts enable users to familiarize themselves with the platforms and test trading strategies without risking real money.
Which Platform Is Better for Trading Cryptocurrencies?
Both IG and eToro support cryptocurrency trading. eToro offers a more extensive selection of cryptocurrencies and allows users to buy and sell actual coins. In contrast, IG primarily offers cryptocurrency CFDs (contracts for difference). The choice depends on whether you prefer owning the actual asset or trading CFDs for speculative purposes.
Can I Use Third-Party Trading Platforms With IG and eToro?
IG supports integration with third-party platforms, including MetaTrader 4 (MT4) and ProRealTime, providing access to advanced charting and analysis tools. In contrast, eToro does not support third-party platform integration and relies solely on its proprietary platform for all trading activities.
Do Both Platforms Offer Stop Loss and Take Profit Orders?
Yes, both IG and eToro support stop loss and take profit orders, enabling traders to automate risk management and profit-taking strategies. These features are essential for effective risk management and can help traders minimize losses and secure gains.
Are Both Platforms Suitable for Long-Term Investing?
While both platforms are primarily recognized for their trading services, they can also accommodate long-term investors. eToro offers commission-free stock trading and a range of ETFs, making it suitable for long-term investing. IG also provides access to stocks, ETFs, and other assets, though fees may apply for long-term holdings.
Verdict
Is eToro better than IG?
eToro emerges as the superior broker, particularly for its innovative copy trading feature and versatile multi-asset platform, which includes stocks, cryptocurrencies, forex, and other CFDs.
eToro Features:
- 0% commission on stocks
- Best Copy Trading Platform
- 2000+ Assets To Trade
- Safe & Regulated by Top-tier authorities
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees. eToro USA LLC does not offer CFDs, only real Crypto assets available.
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