In this comparison we will take a look at IQ Option vs eToro. Comparing brokers is not always easy. We will take a look at IQ Option and eToro and break down the pros and cons of both. Between both eToro is the better choice. eToro allows traders to invest in stocks and cryptocurrencies, but not through CFDs. They offer 0% commissions on stocks and have a wide variety of investment options. The copy trading feature is the best on the market, and etoro regulation is far better than IQ Option.
| IQ Option | eToro |
|---|---|
IQ Option is a trading platform, offering a wide range of investment options through CFDs ,derivatives like binary and digital options. 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. 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: | |
| 2013 | 2006 |
| Regulated by: | |
| CySec | FinCEN, FCA, MiFID, CySec, ASIC |
| Headquarters: | |
| Limassol, Cyprus | London UK, Limassol Cyprus, Sydney Australia, USA |
| Is a Bank: | |
| No ❌ | No ❌ |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| $10 | $50 – $10,000 |
| Minimum Trade: | |
| $1 | $25 – $1,000 |
| Islamic Account: | |
| Yes ✔️ | Yes ✔️ |
| Social/Copy Trading: | |
| No ❌ | Yes ✔️ |
| Spread Betting: | |
| No ❌ | No ❌ |
| Excluded countries: | |
| Albania, Afghanistan, Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Portugal, Russia, South Sudan, Syria, USA | 133 |
Types of Products And Markets Available
Comparing IQ Option to eToro on the markets available, eToro is the clear winner. They offer ten times as many CFDs and allow holding of stocks, ETFs, and cryptoassets as real assets and not through CFDs. eToro covers many exchanges worldwide and is a great pick for holding assets for longer periods.
Visit eToro – 68% of retail investor accounts lose money when trading CFDs with this provider.
| IQ Option | eToro |
|---|---|
| Markets Available: | |
| CFD Options, Forex, Stocks, Crypto, Commodities, ETF, Indices |
Stocks (real), Commodities (CFD), , Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD) |
| CFDs Total | |
| Yes ✔️ 262 |
Yes ✔️ 2386 |
| Forex Pairs | |
| Yes ✔️ 41 |
Yes ✔️ 49 |
| Stocks | |
| Yes ✔️ 181 |
Yes ✔️ 2106 |
| Cryptocurrencies | |
| Yes ✔️ 12 |
Yes ✔️ 16 |
| Commodities | |
| Yes ✔️ 4 |
Yes ✔️ 31 |
| ETFs | |
| Yes ✔️ 24 |
No |
| Options | |
| Yes ✔️ | No ❌ |
| EFPs | |
| No ❌ | No ❌ |
| Mutual Funds | |
| No ❌ | No❌ |
| Robo Portfolios | |
| No ❌ | No ❌ |
Trading Platforms
Overall, eToro trading platform is better. The user interface is well structured and easy to use, and has charting capabilities. Traders can use the research tab, utilize one-click trading, take profit, stop loss, and trailing stop loss orders. If the trading platform is down for maintenance, offline trading allows specific trading and investing.
Visit eToro here – 68% of retail investor accounts lose money when trading CFDs with this provider
| IQ Option | eToro |
|---|---|
| Proprietary Platform: | |
| Yes ✔️ | Yes ✔️ |
| Desktop Platform: | |
| No ❌ | 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
eToro is better for investing long-term, as they don't charge commissions on stocks. Both platforms offer competitive fees for trading CFDs. CFDs on Cryptoassets spreads range from 0,5% to 5% at eToro, while IQ Option spreads are from 0.316% to 6.368%. eToro is better when it comes to fees. Visit eToro – 68% of retail investor accounts lose money when trading CFDs with this provider
| IQ Option | 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 |
Customer Support
Customer support is better at IQ option. Both offer email, online chat and phone support. IQ Option average response time for chat support is 43 seconds and 20 minutes for email. eToro is slower when it comes to support. Out of the two, IQ Option is better for their support. Visit IQ Option
| IQ Option | eToro |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| Yes ✔️ | No |
| Languages: | |
| 13 | 15 |
Account Funding
IQ option offers a lower minimum deposit and has more payment methods available than eToro. eToro has a high minimum deposit for some countries, which is a problem for smaller starting capital. Out of the two, IQ option wins. Visit IQ Option
| IQ Option | eToro |
|---|---|
| Deposit Methods: | |
| Visa, MasterCard, Maestro, Visa Electron, Neteller, Skrill, WebMoney, PayPal, Bank Transfer, Bitcoin, eWallets | Visa, MasterCard, Skrill, Diners Club, PayPal, WebMoney, Neteller, Yandex, Union Pay |
| Deposit Fee: | |
| No ❌ | No ❌ |
| Minimum Deposit: | |
| $10 | $50 – $10,000 |
Education
The education materials are good at both brokers. eToro has better video tutorials and webinars by professional traders. We think eToro is the better choice between the two.
Visit eToro – 68% of retail investor accounts lose money when trading CFDs with this provider.
| IQ Option | eToro |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| Yes ✔️ | Yes ✔️ |
Verdict
Is eToro better than IQ Option? Based on our comparison, we think eToro is the clear winner. They offer ten times as many assets to trade, and traders hold stocks and ETFs as real assets. eToro is better regulated and has been in business a lot longer, offers 0% commissions on stocks and ETFs, and is the clear winner.
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.
