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eToro vs IG Markets: Comparison and Analysis

Trying to figure out whether to use eToro or IG Markets? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of eToro and IG Markets side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
77% of retail investor accounts lose money
eToro review
Open Account
75% of retail CFD accounts lose money
IG Markets review

Overall Ratings


Rated
77
Rated
91

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • eToro
  • IG Markets

Security 95
Security 98

Cost 70
Cost 65

Trading 68
Trading 100

Education 64
Education 84

Company Info


Foundation
2007
1974
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi

Leverage


Non-EU Leverage ?
30:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
200:1
US Leverage ?
1:1
50:1
Canadian Leverage ?
N/A
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
IIROC ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
5529
8985
SimilarWeb - Total Visits
22900
9340000
Facebook Likes
4691
107634
Twitter Likes
120000
25000
Instagram Likes
88000

Deposit and Withdrawal


Minimum Deposit ?
10 USD
300 USD
Minimum Withdraw ?
50
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
UnionPay, Rapid Transfer, Sofort
Deposit Waiting Time ?
up to 10 minutes
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
USD
AUD, EUR, GBP, USD, ZAR, AED, CHF, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
5.0
2.8
Natural Gas ?
10.0
Silver ?
5.0
2.0
Platinum ?
35.0
Copper ?
2.0
Soybeans ?
Corn ?
Gold ?
45.0
0.3

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
1
0.7
USD/JPY Average Spread
1
1.19
USD/CHF Average Spread
1.5
2.07
GBP/USD Average Spread
2
1.52
USD/CAD Average Spread
1.5
AUD/USD Average Spread
1.0
0.6
NZD/USD Average Spread
2.5
EUR/GBP Average Spread
2
0.9

Fees on Stocks


Apple
0.0
Facebook
0.0
Alphabet
0.0
Snapchat
0.0
BP
0.0
Tesco
0.0
Barclays
0.0
Lloyds
0.0

Fees on Indices


FTSE100
150
1.0
S&P500
75
0.4
Dow Jones
Nasdaq
100
1.0
CAC40
200
1.0
DAX30
200
2.0
Nikkei 225
1000
7.0
Euro Stoxx 50
300
2.0

Fees on Cryptocurrencies


Bitcoin
1,00%
1
Ethereum
1,00%
1.2
Ripple
1,00%
0.30
Litecoin
1,00%
0
Bitcoin Cash
1,00%
2.0
Dash
1,00%
0
Monero
1,00%
0
Neo
1,00%
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, it
en, de, es, fr, po
Watchlist Mobile ?

Available Markets


Forex Pairs ?
47
90
Crypto ?
47
90
Commodities ?
47
34
Stocks ?
957
12000
Indices ?
13
37
ETF ?
145
20
Futures ?
5
Options ?
20
Bonds ?
12
Metal ?
4
5
Agricultural ?
3
Energies ?
2
6
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
19
1
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Crypto, ETF, Penny Stocks, Stocks

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
10$
0.01 lots
Maximum Trade Size ?
20% of the equity
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
67
22
Number Chart Drawing Tools ?
14
17
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ru
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

About eToro and IG

eToro is a social trading platform that was established in 2007, with the mobile app released in 2012. Since then, it has had over 20 million active users who engage in both manual and copy trading.

IG Markets, on the other hand, has almost 5 decades of experience in the trading world – it started in 1974 under the name IG Index. At first, it was a spread betting business that allowed people to trade gold prices as an index instead of purchasing physical gold. Nowadays, it’s a web-based platform that caters to more than 300,000 users.

Although IG was established way before eToro, as of today, they both are some of the most commonly used online brokers on the market, with mobile trading apps available as well.

eToro vs IG – Which Broker Offers Better Pricing?

When it comes to deciding which of the trading platforms offers better pricing, there are a few things that need to be taken into consideration.

First of all, the minimum deposit requirement. On both eToro and IG Markets, there’s a minimum amount that you need to deposit into your account to be able to – on eToro, that is $10, while for IG Markets, the minimum deposit is $300. This is especially important for beginner traders who are more cautious about how much money they dedicate to trading.

When it comes to forex trading and the costs and fees associated with it, it’s hard to pick one winner because it all depends on which currencies you are planning on trading. For example, on EUR/USD, the average spread on ÏG Markets is 0.7 pips, while for eToro, it comes out to 1. On USD/CHF, on the other hand, the spread is lower on eToro, coming out to 1.5 compared to 2.05 on IG.

Finally, let’s talk about commissions on stocks – if your focus is the stock markets, then eToro might be a better option for you due to its commission-free stocks. IG has a standard charge of 0.5%.

So, while the minimum deposit is definitely lower on eToro, we would have to give the crown to IG for offering better pricing, as most of the costs on the Forex pairs we compared ended up being more affordable on this trading platform.

Winner: IG Markets

eToro vs IG – Which Market Selection is Better?

eToro customers can choose from over 5,000 tradeable assets – you can choose to trade stocks, indices, ETFs, currencies, commodities, and crypto assets. On the other hand, IG offers traders access to almost 20,000 tradeable symbols in their offer. That’s a pretty significant difference. IG also offers more Forex pairs to trade, with 90 of them available compared to 47 on eToro, as well as more stocks to choose from (12000 compared to 957 on eToro).

Both IG and eToro allow their users to engage in cryptocurrency trading, having Bitcoin, Ripple, Litecoin, and more available.

Winner: IG Markets

IG vs eToro – Which Platform Is Safer for Forex Traders?

Both eToro and IG are regulated by several different entities, making them safe places for online trading.

IG is regulated by seven Tier 1 regulators, including FSA (Financial Services Agency from Japan), FCA (The Financial Conduct Authority from the UK), ASIC (Australian Securities and Investments Commission), and MAS (Monetary Authority of Singapore). eToro, on the other hand, is regulated by four Tier 1 regulators, all of which also regulate IG.

As for the lower Tiers, eToro is regulated by two Tier 2 and one Tier 3 regulator, compared to three Tier 2 for IG. Additionally, IG is a publicly-traded company on the London Stock Exchange.

Both trading platforms also offer negative balance protection, which means that while you can lose money when trading, the amount cannot be higher than what you currently have in your account, as well as a demo account so that you can get to know the platform before you start investing actual money.

So, when it comes to safety, we would say that both traders are good options.

Winner: Draw

IG vs eToro Comparison – Which Forex Broker is Better?

Deciding which trading platform will be best for your trading needs is an individual matter. However, based on all of the metrics we listed above, we have to say that, generally speaking, IG Markets seems to be the more favorable online platform to trade on.

Does it mean that you should not trust eToro? Of course not! eToro is actually a very solid platform, despite some of its shortcomings.

As we already mentioned, both of those sites have their pros and cons, and a lot depends on what you want to focus on trading. For example, if you want to trade stocks, then eToro might actually be a better choice due to the lack of commission. So, it’s not all as black and white as it might seem.

If you’re interested in reading a more comprehensive take on either of the forex brokers, you can check out their respective reviews – check out the eToro one here and IG Markets one here.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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