IQ Option vs eToro

In this comparison we will take a look at IQ Option vs eToro. Comparing brokers is not always easy. We will take a look at IQ Option and eToro and break down the pros and cons of both. Between both eToro is the better choice. eToro allows traders to invest in stocks and cryptocurrencies, but not through CFDs. They offer 0% commissions on stocks and have a wide variety of investment options. The copy trading feature is the best on the market, and etoro regulation is far better than IQ Option.

IQ OptioneToro
Compare IQ Option
IQ Option is a trading platform, offering a wide range of investment options through CFDs ,derivatives like binary and digital options.
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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.
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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:
20132006
Regulated by:
CySecFinCEN, FCA, MiFID, CySec, ASIC
Headquarters:
Limassol, CyprusLondon UK, Limassol Cyprus, Sydney Australia, USA
Is a Bank:
No ❌No ❌
Demo Account:
Yes ✔️Yes ✔️
Minimum Deposit:
$10$50 – $10,000
Minimum Trade:
$1$25 – $1,000
Islamic Account:
Yes ✔️Yes ✔️
Social/Copy Trading:
No ❌Yes ✔️
Spread Betting:
No ❌No ❌
Excluded countries:
Albania, Afghanistan, Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Portugal, Russia, South Sudan, Syria, USA133

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

Comparing IQ Option to eToro on the markets available, eToro is the clear winner. They offer ten times as many CFDs and allow holding of stocks, ETFs, and cryptoassets as real assets and not through CFDs. eToro covers many exchanges worldwide and is a great pick for holding assets for longer periods.

IQ OptioneToro
Markets Available:
CFD
Options, Forex, Stocks, Crypto, Commodities, ETF, Indices
Stocks (real), Commodities (CFD), , Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD)
CFDs Total
Yes ✔️
262
Yes ✔️
2386
Forex Pairs
Yes ✔️
41
Yes ✔️
49
Stocks
Yes ✔️
181
Yes ✔️
2106
Cryptocurrencies
Yes ✔️
12
Yes ✔️
16
Commodities
Yes ✔️
4
Yes ✔️
31
ETFs
Yes ✔️
24
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

Overall, eToro trading platform is better. The user interface is well structured and easy to use, and has charting capabilities. Traders can use the research tab, utilize one-click trading, take profit, stop loss, and trailing stop loss orders. If the trading platform is down for maintenance, offline trading allows specific trading and investing.

IQ OptioneToro
Proprietary Platform:
Yes ✔️Yes ✔️
Desktop Platform:
No ❌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 ❌

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Fees

eToro is better for investing long-term, as they don't charge commissions on stocks. Both platforms offer competitive fees for trading CFDs. CFDs on Cryptoassets spreads range from 0,5% to 5% at eToro, while IQ Option spreads are from 0.316% to 6.368%. eToro is better when it comes to fees.

IQ OptioneToro
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

Customer support is better at IQ option. Both offer email, online chat and phone support. IQ Option average response time for chat support is 43 seconds and 20 minutes for email. eToro is slower when it comes to support. Out of the two, IQ Option is better for their support. Visit IQ Option

IQ OptioneToro
eMail:
Yes ✔️Yes ✔️
Online Chat:
Yes ✔️Yes ✔️
Phone Support:
Yes ✔️No
Languages:
1315

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Account Funding

IQ option offers a lower minimum deposit and has more payment methods available than eToro. eToro has a high minimum deposit for some countries, which is a problem for smaller starting capital. Out of the two, IQ option wins. Visit IQ Option

IQ OptioneToro
Deposit Methods:
Visa, MasterCard, Maestro, Visa Electron, Neteller, Skrill, WebMoney, PayPal, Bank Transfer, Bitcoin, eWalletsVisa, MasterCard, Skrill, Neteller
Deposit Fee:
No ❌No ❌
Minimum Deposit:
$10$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

The education materials are good at both brokers. eToro has better video tutorials and webinars by professional traders. We think eToro is the better choice between the two.

Visit eToro{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.

IQ OptioneToro
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.

Verdict

Is eToro better than IQ Option? Based on our comparison, we think eToro is the clear winner. They offer ten times as many assets to trade, and traders hold stocks and ETFs as real assets. eToro is better regulated and has been in business a lot longer, offers 0% commissions on stocks and ETFs, and is the clear winner.

About the author

Ziga Breznik is the owner and head of research at PublicFinanceInternational.org – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded PublicFinanceInternational.org as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.