eToro vs Interactive Brokers – Compare The Two Brokers


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 Logo
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

comparison etoro logo
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. 67% 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.

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 eToro67% of retail investor accounts lose money when trading CFDs with this provider.

Visit Interactive Brokers

Interactive Brokers eToro
Markets Available:
Stocks, Options, ETFs, Bond, Futures, FOPs, Forex, Gold, Mutual Funds, Hedge Funds Stocks (real), Commodities (CFD), Indices (CFD), ETF (real and 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 ✔️ Yes ✔️
184
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 –  67% 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 ✔️ Yes ✔️
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.

comparison etoro logo

eToro

  • 0% commission on stocks and ETFs
  • Best Copy Trading Platform
  • 2000+ Assets To Trade
  • Safe & Regulated by Top-tier authorities

Open Free Account

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Read more eToro Comparisons:



Source link

eToro vs Interactive Brokers – Compare The Two Brokers
4.9 (98%) 32 votes