eToro vs InteractiveBrokers
Compare eToro vs InteractiveBrokers Side by Side
It is always difficult to choose among brokers that are big players on the market, especially when it’s eToro vs InteractiveBrokers. For this reason, we made a detailed comparison between eToro Review and Interactive Brokers Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Website | //www.etoro.com | //www.interactivebrokers.co.uk |
| Founded year | 2006 | 1977 |
| Headquarter | Israel | USA |
| Licenses | UK, Australia, Cyprus, Seychelles | USA, Canada, Australia, UK, Hong Kong, Japan, India |
| Minimum Deposit | 50 US$ | 100 US$ |
| Trading Platforms | eToro platform | TWS, IB WebTrader |
| Eurusd avg Spread | 0.97 pip | 0.3 pips |
Licenses
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Licenses Countries Info (short) |
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eToro vs InteractiveBrokers are both highly trusted with numerous licenses and top-tier regulations, legit to accept EU clients and US clients.
Broker Types
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Broker types |
|
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eToro is a Market Maker which is a great opportunity for beginning traders and some strategies due to its stability of a preset fee or spread. While Interactive Brokers is an NDD Broker is better for price transparency.
Trading Conditions
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Trading Conditions |
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There are certain similarities in trading conditions of eToro vs Interactive Brokers, as they are both suitable for beginners, offer their traders tight spreads as well as floating spreads. At the same time eToro provides a wider range of possibilities, including hedging, copy and social trading, which is quite an advantage.
Fees & Commissions
| Fees & Commissions | eToro | Interactive Brokers |
|---|---|---|
| Inactivity Feemonth | $10 | 0$ |
| Deposit fee | 0$ | 0$ |
| Withdrawal fee | 5$ | 0$ |
| Rollover fee eurusd buy 1 lot | -0.00008269 | -1.5% |
| Rollover fee eurusd sell 1 lot | 0.00001841 | +1.5% |
| Avg Eurusd standard acc | 0.97 pip | 0.3 pips |
| Gold | 4.5 | 1.5 bps |
| Brent oil | 5 | 0.05% |
| Bitcoin | 102.71 | 0.12-0.18% |
Interactive Brokers has a bit lower fees than eToro, including low fees with 0$ commission, while eToro’s fees remain considerably elevated. There is also Interactive Brokers pricing model that differs. Interactive Brokers trading fees are based on charge of the commission per trade also ranging on a product you trade, hence the prices are quite competitive since does not include spreads and allows you easy calculation. While we considered eToro low CFD fees and high Forex fees among the industry.
Account Types
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Account types |
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While both eToro vs InteractiveBrokers offer Standard accounts, there is a small advantage on eToro’s side for additionally offering a Swap Free Account, which allows traders to open long-term positions.
Markets & Instruments
| Markets & Instruments | eToro | Interactive Brokers |
|---|---|---|
| Forex | 52 | 100+ |
| Indices | 21 | ✔️ |
| Commodities | 32 | ✔️ |
| Cryptocurrencies | 74 | 4 |
| Shares | 3203 | 70+ |
| Bonds | ❌ | ✔️ |
| Options | ❌ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ✔️ |
| Etfs | 325 | 13000 |
Interactive Brokers products range is more advanced compared to eToro and offers Options, Bonds and Futures that eToro does not have listed. However, eToro runs a Crypto Exchange available only for US Trading
Trading Platforms
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Platforms |
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Both Brokers offer own proprietary Trading Platforms, and additionally WebTrader platforms. However, eToro has an advantage here by providing the platform with the concept of social trading, which offers clients to connect to trading communities and successful investors.
Deposit & Withdrawal Methods
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Payment methods |
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Compared to InteractiveBrokers with its various options, including bank wire transfers, BPay, ACH Initiated, Canadian Bill, etc, eToro payment methods look a bit limited, offering debit/credit cards, bank transfer and some of the popular e-wallets like PayPal, Skrill and Neteller.
Others
| Feature | eToro | Interactive Brokers |
|---|---|---|
| Others |
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Both eToro vs Interactive Brokers provide excellent customer support. Both brokers developed comprehensive educational materials including webinars, learning guides and other supporting sources. There’s a minor disadvantage as we found eToro’s education materials and videos are not super comprehensive and rather medium or basic level.
Conclusion on InteractiveBrokers vs eToro
Concluding eToro vs Interactive Brokers comparison we found both brokers are trustable, provide good standing, internationally presented and well-regulated. Both brokers provide good trading conditions, a large number of trading instruments and low trading fees. However, we would give the advantage to eToro, as its offer would suit not only professional traders but also beginners, with much lower initial deposit fee and social trading option. Here is our final recommendation:
- eToro – 🥇 Best Broker for Social trading for a number of top traders and Best Industry Social Trading Broker
- Interactive Brokers – 🥇 Best for Professional trading giving the advanced proposal and technological solutions for experienced and demanding traders.
