In this comparison we compare eToro vs IG. Comparing brokers is not always easy. We will take a look at eToro and IG and break down the pros and cons of both. If you are looking for a lot of available securities and a long track record, IG is a great choice. However, eToro 0% commission on stocks and Copy Trading is what makes it a great broker. In this comparison we take a look at both.
| IG Group | eToro |
|---|---|
 IG is one of the leading online brokers, offering Forex, spread betting and CFD trading across many markets. It is regulated by FCA, was founded in 1974 and is headquartered in London. |  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. {etoroCFDrisk}% 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: | |
| 1974 | 2006 |
| Regulated by: | |
| ASIC, JFSA, MAS, FINMA, FCA, CFTC | FinCEN, FCA, MiFID, CySec, ASIC |
| Headquarters: | |
| London, UK | London UK, Limassol Cyprus, Sydney Australia, USA |
| Is a Bank: | |
| Yes ✔️ | No ❌ |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| Varies: $250 – up to 2,500 CHF | $50 – $10,000 |
| Minimum Trade: | |
| £1 | $25 – $1,000 |
| Islamic Account: | |
| No ❌ | Yes ✔️ |
| Social/Copy Trading: | |
| Yes ✔️ | Yes ✔️ |
| Spread Betting: | |
| Yes ✔️ | No ❌ |
| Excluded countries: | |
| 133 | |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Types of Products And Markets Available
When comparing eToro to IG in terms of the markets available, IG is the winner. If you are looking to trade stocks, Currency Pairs, ETFs, Commodities CFDs, IG is the better choice. However, if you want to buy and trade cryptocurrencies, or have a more hands off approach – eToro is better.
| IG | eToro |
|---|---|
| Markets Available: | |
| CFDs on Stocks, Stock Indexes, ETFs, Bond, Cryptos, Forex, Options | Stocks (real), Commodities (CFD), Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD) |
| CFDs Total | |
| Yes ✔️ 12538 | Yes ✔️ 2386 |
| Forex Pairs | |
| Yes ✔️ 205 | Yes ✔️ 49 |
| Stocks | |
| Yes ✔️ 10,500 | Yes ✔️ 2106 |
| Cryptocurrencies | |
| Yes ✔️ 8 | Yes ✔️ 16 |
| Commodities | |
| Yes ✔️ 47 | Yes ✔️ 31 |
| ETFs | |
| Yes ✔️ 1,900 | No |
| Options | |
| Yes ✔️ | No ❌ |
| EFPs | |
| No ❌ | No ❌ |
| Mutual Funds | |
| No ❌ | No❌ |
| Robo Portfolios | |
| No ❌ | No ❌ |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Trading Platforms
Comparing the eToro to IG based on the trading platforms available, IG has the edge. IG offers more options when it comes to trading platforms and is overall a better choice. If you are looking for a more one stop trading platform that does the job, eToro is more than great.
| IG | eToro |
|---|---|
| Proprietary Platform: | |
| Yes ✔️ | Yes ✔️ |
| Desktop Platform: | |
| Yes ✔️ | No ❌ |
| Mobile App: | |
| Yes ✔️ iOS, Android | Yes ✔️ iOS, Android |
| Web Trading Platform: | |
| Yes ✔️ | Yes ✔️ |
| MetaTrader: | |
| Yes ✔️ | No ❌ |
| cTrader: | |
| No ❌ | No ❌ |
| Mirror Trader: | |
| No ❌ | No ❌ |
| Zulu Trade: | |
| No ❌ | No ❌ |
| Dupli Trade: | |
| No ❌ | No ❌ |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Fees
When it comes to fees, IG is a great option if you are looking for Forex Trading. eToro is great for investing in real stocks as they offer 0% commission.
| IG | 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 |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Customer Support
When it comes to customer support, IG support is far more responsive. eToro is known for their slow response times.
| IG | eToro |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| Yes ✔️ | No |
| Languages: | |
| / | 15 |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Account Funding
| IG | eToro |
|---|---|
| Deposit Methods: | |
| Credit card, Debit card, HK FPS or Bank Transfer | Visa, MasterCard, Skrill, Neteller |
| Deposit Fee: | |
| No ❌ | No ❌ |
| Minimum Deposit: | |
| no minimum | $50 – $10,000 |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Education
When it comes to education, IG is the best in the industry. They offer an extensive library of videos with training for traders ranging from beginner to advanced. They offer quizzes, written articles, webinars, video tutorials and more.
| IG | eToro |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| Yes ✔️ | Yes ✔️ |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Frequently Asked Questions
Which Platform Has Lower Fees?
Both platforms have different fee structures, and the fees vary based on the asset being traded. IG generally offers lower fees for trading stocks, indices, and commodities. eToro, on the other hand, is known for its commission-free stock trading, but it charges a spread for other assets, such as forex and cryptocurrencies.
Which Platform Is Better for Beginners?
Both platforms cater to beginners, but eToro is more focused on social trading, allowing users to copy the trades of successful traders. This feature might be beneficial for novice traders who want to learn from others' strategies. IG also provides educational resources and a user-friendly interface, but it lacks the social trading aspect.
Which Platform Has More Trading Instruments?
IG offers a wider range of trading instruments, including shares, forex, indices, commodities, cryptocurrencies, and more. eToro also has a broad offering, with stocks, ETFs, forex, commodities, and cryptocurrencies, but it typically has fewer instruments in each category compared to IG.
Are Both Platforms Regulated?
Yes, both IG and eToro are regulated by multiple regulatory authorities. IG is regulated by the Financial Conduct Authority (FCA) in the UK, among other regulators, while eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Finance Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).
What Are the Minimum Deposit Requirements?
The minimum deposit requirements vary depending on the platform and the user's country of residence. For IG, the minimum deposit typically ranges from $250 to $300, while eToro generally requires a minimum deposit of $50 (or $10 for U.S. clients).
Which Platform Has a Better Mobile App?
Both IG and eToro have mobile apps for iOS and Android devices, offering an easy-to-use interface and a range of features. User preferences will ultimately determine which app is better, as both have received positive reviews and offer similar functionality.
Which Platform Offers Better Educational Resources?
Both IG and eToro provide educational resources for traders. IG offers an extensive range of educational materials, including webinars, video tutorials, articles, and a comprehensive trading academy. eToro also provides educational content in the form of articles, videos, and webinars, but its selection might not be as extensive as IG's offerings.
How Do the Platforms Handle Customer Support?
IG provides customer support via phone, email, and live chat, with a reputation for responsive and helpful assistance. eToro also offers customer support through live chat and email, although it may have longer response times compared to IG.
Are Demo Accounts Available on Both Platforms?
Yes, both IG and eToro offer demo accounts for new and experienced traders. These accounts allow users to practice trading with virtual funds, helping them familiarize themselves with the platforms and test strategies without risking real money.
Which Platform Is Better for Trading Cryptocurrencies?
Both IG and eToro support cryptocurrency trading. While eToro offers a more extensive range of cryptocurrencies and allows users to buy and sell actual coins, IG primarily offers crypto CFDs (contracts for difference). The choice depends on whether you prefer owning the actual asset or trading CFDs for speculative purposes.
Can I Use Third-Party Trading Platforms With IG and eToro?
IG supports integration with third-party platforms, including MetaTrader 4 (MT4) and ProRealTime, allowing traders to access advanced charting and analysis tools. eToro, on the other hand, does not support integration with third-party platforms and relies on its proprietary platform for all trading activities.
Do Both Platforms Offer Stop Loss and Take Profit Orders?
Yes, both IG and eToro support stop loss and take profit orders, allowing traders to manage risk and lock in profits automatically. These features are essential for effective risk management and can help traders minimize losses and secure gains.
Are Both Platforms Suitable for Long-Term Investing?
While both platforms are predominantly known for their trading services, they can also accommodate long-term investors. eToro offers commission-free stock trading and a range of ETFs, making it suitable for long-term investing. IG also provides access to stocks, ETFs, and other assets, although fees may apply for long-term holding.
What Do Customers Like about IG?
– Wide range of trading instruments
– Competitive fees and spreads for various assets
– Access to third-party trading platforms, such as MetaTrader 4 (MT4) and ProRealTime
– Comprehensive educational resources and research tools
– Responsive and helpful customer support
– Regulated by multiple reputable authorities, ensuring a secure trading environment
What Are Some Complaints About IG?
– Inactivity fees charged after a certain period of inactivity
– Limited social trading features compared to eToro
– Occasional technical issues, such as slow platform performance or difficulties logging in
– Higher minimum deposit requirements compared to some other platforms
What Do Customers Like About eToro?
– Unique social trading features, allowing users to interact with and copy trades from other traders
– Commission-free stock trading for long-term investors
– User-friendly interface, suitable for beginners
– A variety of cryptocurrencies available for trading
– Regulated by multiple reputable authorities, ensuring a secure trading environment
What Are Some Common Complaints About eToro?
– Higher spreads for certain assets compared to other platforms, such as forex and cryptocurrencies
– Limited third-party platform integration, as eToro relies on its proprietary platform
– Longer response times for customer support, with some users reporting difficulty reaching representatives
– Withdrawal and conversion fees, which may be higher than those of some other platforms
Verdict
Is eToro better than IG?
eToro is the better broker for their copy trading, multi-asset platform that offers both stocks, cryptocurrencies, Forex and other CFDs.
Read more eToro Comparisons:
