We will compare eToro to Interactive Brokers on this page. This comparison goes over the pros and cons of both Interactive Brokers and eToro.
| Interactive Brokers | eToro |
|---|---|
Interactive Brokers LLC is an American brokerage firm, founded in 1978. It is the largest trading platform in the U.S. by daily trades revenue. They offer stocks, futures, options, EFPs, Forex, Bonds, Funds, and Futures Options to Traders. IB is headquartered in Greenwich, Connecticut. Read Full Review |
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. Read 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: | |
| 1978 | 2006 |
| Regulated by: | |
| ASIC, SEC,CFTC, FCA, MAS, IIROC, CBI, CSSF | FinCEN, FCA, MiFID, CySec, ASIC |
| Headquarters: | |
| Greenwich, Connecticut | London UK, Limassol Cyprus, Sydney Australia, USA |
| Is a Bank: | |
| No | No |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| $0 | $50 – $10,000 |
| Minimum Trade: | |
| varies | $25 – $1,000 |
| Islamic Account: | |
| No | Yes ✔️ |
| Social/Copy Trading: | |
| No | Yes ✔️ |
| Spread Betting: | |
| No | No ❌ |
| Excluded countries: | |
| Check Available Countries | 133 |
Types of Products And Markets Available
Interactive Brokers is the better choice for the markets and products available. IB covers a lot of markets and products that professional traders will appreciate. However, if you are a beginner to intermediate/advanced trader, eToro is a good choice. They cover the most popular securities and will suffice for most traders.
Visit eToro – 68% of retail investor accounts lose money when trading CFDs with this provider.
| Interactive Brokers | eToro |
|---|---|
| Markets Available: | |
| Stocks, Options, ETFs, Bond, Futures, FOPs, Forex, Gold, Mutual Funds, Hedge Funds | Stocks (real), Commodities (CFD), Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD) |
| CFDs Total | |
| Yes ✔️ | Yes ✔️ 2386 |
| Forex Pairs | |
| Yes ✔️ | Yes ✔️ 49 |
| Stocks | |
| Yes ✔️ | Yes ✔️ 2106 |
| Cryptocurrencies | |
| Yes (info) | Yes ✔️ 16 |
| Commodities | |
| Yes ✔️ | Yes ✔️ 31 |
| ETFs | |
| Yes ✔️ | No |
| Options | |
| Yes ✔️ | No ❌ |
| EFPs | |
| Yes ✔️ | No ❌ |
| Mutual Funds | |
| Yes ✔️ | No❌ |
| Robo Portfolios | |
| Yes ✔️ | No ❌ |
Trading Platforms
eToro is better for beginner to intermediate traders, while Interactive Brokers is good for professional traders. eToro has a very intuitive platform that is easy to use and will suffice most traders. If you are a professional trader, looking for advanced features, we suggest Interactive Brokers.
Visit eToro here – 68% of retail investor accounts lose money when trading CFDs with this provider
| Interactive Brokers | eToro |
|---|---|
| Proprietary Platform: | |
| Yes ✔️ | Yes ✔️ |
| Desktop Platform: | |
| Yes ✔️ | No ❌ |
| Mobile App: | |
| Yes ✔️ iOS, Android |
Yes ✔️ iOS, Android |
| Web Trading Platform: | |
| Yes ✔️ | Yes ✔️ |
| MetaTrader: | |
| No | No |
| cTrader: | |
| No | No |
| Mirror Trader: | |
| No | No |
| Zulu Trade: | |
| No | No |
| Dupli Trade: | |
| No | No |
Fees
When comparing fees, Interactive Brokers is the better choice.
| Interactive Brokers | eToro |
|---|---|
| Trading Fees: | |
| Yes Spread Varies |
Yes 0% Commission on stocks Spread Varies |
| Deposit Fees: | |
| No | No |
| Withdrawal Fees: | |
| $0 | $5 (Bank Transfer) $5 (Credit Cards, eWallets) |
| Overnight Funding: | |
| Yes | Yes |
| Inactivity Fee: | |
| Yes $15 |
Yes $10/month |
Customer Support
Customer support is better at Interactive Brokers. eToro customer support is known for having less than optimal customer support.
| Interactive Brokers | eToro |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| Yes ✔️ | No |
| Languages: | |
| 20 | 15 |
Account Funding
Account funding is good at both brokers, however eToro has more deposit options.
| Interactive Brokers | eToro |
|---|---|
| Deposit Methods: | |
| Credit card, Debit card, or Bank Transfer | Visa, MasterCard, Skrill, Diners Club, PayPal, WebMoney, Neteller, Yandex, Union Pay |
| Deposit Fee: | |
| No ❌ | No ❌ |
| Minimum Deposit: | |
| $0 | $50 – $10,000 |
Education
When it comes to education, Interactive Brokers offers a demo account, online course, webinars, educational videos, news, and more.
| Interactive Brokers | eToro |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| Yes ✔️ | Yes ✔️ |
Verdict
Is eToro better than Interactive Brokers?
eToro is the perfect broker for beginner to intermediate investors, while Interactive Brokers is suitable for advanced and professional traders.
eToro
- 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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