Compare eToro Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
eToro Vs Interactive Brokers, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between eToro Vs Interactive Brokers, here is the direct comparison:
Compare | eToro | Interactive Brokers |
General Rating |
3.66/5 |
2.43/5 |
Score | ||
Trustpilot |
4.3/5 22304 users |
3.6/5 2590 users |
πΌ Regulation | ||
β Info | ||
β Established | 2007 | 1977 |
π² Min Deposit | $200 | $10000 |
β Max Leverage | 1:400 | 1:100 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | ||
π‘ Min Position | 0.1 lot | 0.25 lot |
π³ Payment | WebMoney, PayPal, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller and UnionPay | Wire transfer, Check and BPAY |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Arabic, German, English, Spanish, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Swedish, Chinese | German, Spanish, French, Italian, Japanese, Russian, Chinese |
πͺ Trade Now | Open eToro | Open Interactive Brokers |
Compare Again
Testimonials
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eToro: very user friendly
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eToro: Good place for beginners
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eToro: Platforms very smooth and have reasonable cost
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eToro: There are room for growth
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eToro: KYC is complicated
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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See More eToro Testimonials
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See More Interactive Brokers Testimonials
News
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eToro Shifts Focus to Potential Public Listing Post-SPAC Merger Cancellation
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Unlock Your Crypto Journey: $10 Welcome Bonus Awaits at eToro
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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eToro to Restrict Crypto CFDs Trading in France and Australia
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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Interactive Brokers Merging Europe and Ireland Office
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Interactive Brokers Trading Volume in August Remains Flat
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eToro Valuation Plummeted Around 40%
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See More Related eToro News
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See More Related Interactive Brokers News
Article
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How to Deposit and Withdraw in eToro
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eToro App Review: Building Your Portfolio on the Go
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Revealing the Opportunity to Invest in Netflix with eToro
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How to Open Account in eToro
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Refer a Friend to eToro and Get a $30 Bonus
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eToro Withdrawal: Limit, Fees, and How-to
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Crypto Trading in eToro: How Does it Work?
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eToro Honest Review: the Pros and Cons
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How to be a Competitive Investor in eToro
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, eToro provides their pricing with Fixed spread while Interactive Brokers offers Fixed spread.
eToro vs Interactive Brokers: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, eToro enables trading with eToro Platform, eToro Mobile Trader, Social trading, Web. The offer is supported with One-click trading. In comparison, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is eToro or Interactive Brokers better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, eToro supports trading with Forex, Gold & silver, CFD, Stocks, Indexes, Soft commodities, Metals, ETF, Crypto, Oil, while Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to eToro and Interactive Brokers:
- Compare eToro vs HF Markets
- Compare eToro vs Blaze Markets
- Compare eToro vs DeltaStock
- Compare Interactive Brokers vs FXOpen
- Compare Interactive Brokers vs LiteFinance
- Compare Interactive Brokers vs GOMarkets
For more comparisons, visit this page.