Compare IG Vs eToro: Which is the Better Forex Broker in 2024?
IG Vs eToro, 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 IG Vs eToro, here is the direct comparison:
Compare | IG | eToro |
General Rating |
2.40/5 |
3.66/5 |
Score | ||
Trustpilot |
4.1/5 6696 users |
4.3/5 22304 users |
πΌ Regulation | ||
β Info | ||
β Established | 1974 | 2007 |
π² Min Deposit | $0 | $200 |
β Max Leverage | 1:50 | 1:400 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $3 | |
π‘ Min Position | 0.01 lot | 0.1 lot |
π³ Payment | Wire transfer and Credit/debit cards | WebMoney, PayPal, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller and UnionPay |
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 | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | German, English, Spanish, French, Italian, Japanese, Portuguese, Swedish, Chinese | Arabic, German, English, Spanish, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Swedish, Chinese |
πͺ Trade Now | Open IG | Open eToro |
Compare Again
Testimonials
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IG: Dreadful customer support. The app is brilliant but suffers with...
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IG: IG apps sometimes unresponsive which result me cost more money....
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IG: I wanted to trade Forex on the MT4 platform, but...
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IG: I do not recommend using IG and moved to another...
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IG: Overall my experience with IG was positive. The only issue...
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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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See More IG Testimonials
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See More eToro Testimonials
News
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eToro Updates Traders on Hotly Anticipated Reddit IPO
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IG Group Loses CFO and COO as Q3 FY24 Revenue Flatlines
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IG Group Welcomes New Chief Operating Officer and Chief Risk Officer
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IG Group's Head of Marketing Partnerships Aneira Henery-Morley Resigns
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eToro Considers US Exchange Listing Despite Strong European Presence
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eToro Unveils 'NDI-Future Tech' Portfolio for Growth-Oriented Investors
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eToro Bolsters French Presence with Appointment of Special Advisor Inès de Dinechin
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eToro Forex Broker Launches App for Apple and Meta Headsets
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eToro Shifts Focus to Potential Public Listing Post-SPAC Merger Cancellation
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See More Related IG News
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See More Related eToro News
Article
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How to Navigate eToro's TipRanks for Market Research
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Top 5 eToro Forex Signal Providers by Return Rate
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Top 5 eToro Forex Signal Providers by Number of Copiers
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Diversify Your Trades with eToro's Smart Portfolios
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Experience Trading Like a Pro with eToro's ProCharts
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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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See More Related eToro Article
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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, IG provides their pricing with Variable spread while eToro offers Fixed spread.
IG vs eToro: 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, IG enables trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, eToro provides trading with eToro Platform, eToro Mobile Trader, Social trading, Web with the support of One-click trading.
Is IG or eToro 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, IG supports trading with Forex, Gold & silver, CFD, Oil, Spread betting, Crypto, while eToro presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Indexes, Soft commodities, Metals, ETF, Crypto, Oil.
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 IG and eToro:
- Compare IG vs Fxview
- Compare IG vs Maxco
- Compare IG vs FXGT
- Compare eToro vs FBS
- Compare eToro vs Blaze Markets
- Compare eToro vs AvaTrade
For more comparisons, visit this page.