{"id":4048,"date":"2023-02-26T18:21:19","date_gmt":"2023-02-26T18:21:19","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=4048"},"modified":"2024-03-26T13:32:20","modified_gmt":"2024-03-26T13:32:20","slug":"etoro-vs-interactive-brokers","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/etoro-vs-interactive-brokers\/","title":{"rendered":"eToro vs Interactive Brokers"},"content":{"rendered":"\n

We will compare eToro to Interactive Brokers on this page. This comparison goes over the pros and cons of both Interactive Brokers and eToro.<\/p>\n\n\n\n
Interactive Brokers<\/th>eToro<\/th><\/tr><\/thead>
\"Interactive
Interactive Brokers LLC is an American brokerage firm, founded in 1978. It is the largest trading platform in the U.S. by daily trades revenue. They offer stocks, futures, options, EFPs, Forex, Bonds, Funds, and Futures Options to Traders. IB is headquartered in Greenwich, Connecticut.
Open Free Account<\/span><\/a><\/div>
Read Full Review<\/a><\/td>
\"comparison
eToro is a social\/copy trading platform, offering a wide range of markets. They are regulated in top-tier jurisdictions.
Read Full Review<\/a>

Open Account<\/span><\/a><\/div>

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.<\/strong> 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.<\/td><\/tr>
Year founded:<\/strong><\/td><\/tr>
1978<\/td>2006<\/td><\/tr>
Regulated by:<\/strong><\/td><\/tr>
ASIC, SEC,CFTC, FCA, MAS, IIROC, CBI, CSSF<\/td>FinCEN, FCA, MiFID, CySec, ASIC<\/td><\/tr>
Headquarters:<\/strong><\/td><\/tr>
Greenwich, Connecticut<\/td>London UK, Limassol Cyprus, Sydney Australia, USA<\/td><\/tr>
Is a Bank:<\/strong><\/td><\/tr>
No <\/td>No <\/td><\/tr>
Demo Account:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Minimum Deposit:<\/strong><\/td><\/tr>
$0<\/td>$50 – $10,000<\/td><\/tr>
Minimum Trade:<\/strong><\/td><\/tr>
varies<\/td>$25 – $1,000<\/td><\/tr>
Islamic Account:<\/strong><\/td><\/tr>
No<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Social\/Copy Trading:<\/strong><\/td><\/tr>
No<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Spread Betting:<\/strong><\/td><\/tr>
No<\/td>No \u274c<\/td><\/tr>
Excluded countries:<\/strong><\/td><\/tr>
Check Available Countries<\/a><\/td>133<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Types of Products And Markets Available<\/h2>\n\n\n\n

Interactive Brokers is the better choice for the markets and products available. IB covers a lot of markets and products that professional traders will appreciate. However, if you are a beginner to intermediate\/advanced trader, eToro is a good choice. They cover the most popular securities and will suffice for most traders.<\/p>\n\n\n\n
Interactive Brokers<\/th>eToro<\/th><\/tr><\/thead>
Markets Available:<\/strong><\/td><\/tr>
Stocks, Options, ETFs, Bond, Futures, FOPs, Forex, Gold, Mutual Funds, Hedge Funds<\/td>Stocks (real), Commodities (CFD), Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD)<\/td><\/tr>
CFDs Total<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
2386<\/td><\/tr>
Forex Pairs<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
49<\/td><\/tr>
Stocks<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
2106 <\/td><\/tr>
Cryptocurrencies<\/strong><\/td><\/tr>
Yes (info<\/a>)<\/td>Yes \u2714\ufe0f
16<\/td><\/tr>
Commodities<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
31<\/td><\/tr>
ETFs<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No<\/td><\/tr>
Options<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr>
EFPs<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr>
Mutual Funds<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No\u274c<\/td><\/tr>
Robo Portfolios<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Trading Platforms<\/h2>\n\n\n\n

eToro is better for beginner to intermediate traders, while Interactive Brokers is good for professional traders. eToro has a very intuitive platform that is easy to use and will suffice most traders. If you are a professional trader, looking for advanced features, we suggest Interactive Brokers.<\/p>\n\n\n\n
Interactive Brokers<\/th>eToro<\/th><\/tr><\/thead>
Proprietary Platform:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Desktop Platform:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr>
Mobile App:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f
iOS, Android<\/td>		Yes \u2714\ufe0f
iOS, Android<\/td><\/tr>
Web Trading Platform:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
MetaTrader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
cTrader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Mirror Trader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Zulu Trade:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Dupli Trade:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Fees<\/h2>\n\n\n\n

When comparing fees, Interactive Brokers is the better choice. <\/p>\n\n\n\n
Interactive Brokers<\/th>eToro<\/th><\/tr><\/thead>
Trading Fees:<\/strong><\/td><\/tr>
Yes
Spread Varies<\/td>		Yes
0% Commission on stocks
Spread Varies<\/td><\/tr>
Deposit Fees:<\/strong><\/td><\/tr>
No <\/td>No <\/td><\/tr>
Withdrawal Fees:<\/strong><\/td><\/tr>
$0<\/td>$5 (Bank Transfer)
$5 (Credit Cards, eWallets)<\/td><\/tr>
Overnight Funding:<\/strong><\/td><\/tr>
Yes <\/td>Yes <\/td><\/tr>
Inactivity Fee:<\/strong><\/td><\/tr>
Yes
$15<\/td>		Yes
$10\/month<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Customer Support<\/h2>\n\n\n\n

Customer support is better at Interactive Brokers. eToro customer support is known for having less than optimal customer support.<\/p>\n\n\n\n
Interactive Brokers<\/th>eToro<\/th><\/tr><\/thead>
eMail:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Online Chat:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Phone Support:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No<\/td><\/tr>
Languages:<\/strong><\/td><\/tr>
20<\/td>15<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Account Funding<\/h2>\n\n\n\n

Account funding is good at both brokers, however eToro has more deposit options.<\/p>\n\n\n\n
Interactive Brokers<\/th>eToro<\/th><\/tr><\/thead>
Deposit Methods:<\/strong><\/td><\/tr>
Credit card, Debit card, or Bank Transfer<\/td>Visa, MasterCard, Skrill, Neteller<\/td><\/tr>
Deposit Fee:<\/strong><\/td><\/tr>
No \u274c<\/td>No \u274c<\/td><\/tr>
Minimum Deposit:<\/strong><\/td><\/tr>
$0<\/td>$50 – $10,000<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Education<\/h2>\n\n\n\n

When it comes to education, Interactive Brokers offers a demo account, online course, webinars, educational videos, news, and more.<\/p>\n\n\n\n
Interactive Brokers<\/th>eToro<\/th><\/tr><\/thead>
Video Tutorials:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Webinars:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Verdict<\/h2>\n\n\n\n

Is eToro better than Interactive Brokers? <\/p>\n\n\n\n

eToro is the perfect broker for beginner to intermediate investors, while Interactive Brokers is suitable for advanced and professional traders.<\/p>\n\n\n\n

Read more eToro Comparisons:<\/p>\n\n\n\n