General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
- Interactive Brokers
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
eToro vs Interactive Brokers: Which Broker is Right for You?
Are you trying to decide between eToro and Interactive Brokers? This comparison article will provide you with a detailed breakdown of the features of both brokers, so you can determine which platform is best suited to your needs. We have compared over 100 variables and features, and divided the comparisons into a logical structure to make it easy to navigate.
When it comes to security, both eToro and Interactive Brokers are highly regulated. eToro is regulated by CySEC, ASIC, and FCA, and is registered in the USA with FinCEN, making it eligible for US traders. eToro has a security rating of 95. Interactive Brokers is regulated by FCA, several EU regulators, ASIC, HKSFC, SEBI, IIROC, FFAJ, MAS, SEC, and CFTC, and has a security rating of 95 as well.
eToro offers an unlimited demo account with virtual funds of $100,000, which can be restored by contacting customer support. Interactive Brokers also offers an unlimited demo account with virtual funds of $1,000,000, which can be restored by contacting customer support.
eToro requires a minimum deposit of $200 for most countries ($50 for some), and only offers USD as the account currency. Payment methods include wire transfers, credit/debit cards, and eWallets. eToro offers a standard account, Islamic account, corporate account, and professional account for advanced traders.
Interactive Brokers does not have a minimum deposit requirement, but requires at least $2,000 to trade with margin. Interactive Brokers offers over 25 base currencies, including USD, EUR, AUD, and GBP, to help traders avoid currency conversion fees. Payment methods include wire transfers, credit/debit cards, eWallets, IRA transfers, checks, and several local payment methods. Interactive Brokers offers a standard account, margin account, cash account, and professional account for advanced traders.
eToro is the best player at offering copy and social trading, which is provided via their proprietary platform. Interactive Brokers does not offer copy-social trading.
eToro offers a wide range of trading assets, including forex, commodities, indices, crypto assets, stocks, ETFs, and futures and options. eToro offers crypto, stocks, and ETFs both as CFDs and as real assets, making it a great option for long-term investments as well as for short-term investing.
Interactive Brokers offers a wide range of trading assets, including forex, commodities, crypto assets, stocks, ETFs, and futures and options. Interactive Brokers offers a wide range of trading assets that can be traded as CFDs, as real, as options, and as futures, making it a good option for every type of trader, as it can be suitable for both short and long-term investing on every market.
eToro’s spreads are variable, with spreads starting from 1 pip on forex, which is above the market average. eToro offers zero-commission real stocks (other fees may apply) and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10.
Interactive Brokers’ spreads are variable, with spreads starting from 0.1 pip on forex, which is lower than the market average. Interactive Brokers charges commissions per lot, up to $7 per lot traded. With the IBKR Lite Plan, there are no commissions on stocks and ETFs, and financing rates start from 0.75%. With the IBKR Pro Plan, commissions start from $0.0005 per share or ETF.
eToro offers a proprietary platform that is available via web and mobile devices. The platform is user-friendly and specialised in copy and social trading.
Interactive Brokers offers a proprietary trading platform that is available as desktop, webtrader, and mobile. All the platforms offered by Interactive Brokers allow traders to engage in algo trading. Interactive Brokers also offers VPS services, FIX API, and TWS API integration.
eToro offers high-quality education material, including blog articles, fintech guides, trading videos, webinars, and seminars. Customer care is easy to contact via email and live chat.
Interactive Brokers offers a wide range of educational material for both beginners and advanced traders, including tutorial videos, IBKR blog, trader’s academy, and much more. Customer care is easy to contact via email, telephone, and live chat, with 8 languages available.
In conclusion, both eToro and Interactive Brokers are highly regulated and offer a wide range of trading assets. eToro is the best player at offering copy and social trading, while Interactive Brokers offers a wider range of base currencies and a lower spread on forex. Ultimately, the choice between eToro and Interactive Brokers will depend on your individual needs and preferences.