Comparison eToro vs Interactive Brokers

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares eToro vs Interactive Brokers. Is eToro or Interactive Brokers a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and Interactive Brokers has a commission fee of $0.005. For trading in Forex, the commission fee of eToro is from 3 pips, while the commission fee of Interactive Brokers is 0.20 basis points. For a more complete picture, let’s consider trading in the metal market, where eToro and Interactive Brokers have commission fees of from 2 pips and 0.15 basis points, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by eToro and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Interactive Brokers. Concerning the platforms, eToro uses Web Platform, Android App, iOS App, while Interactive Brokers uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. eToro was established in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And Interactive Brokers was established in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from eToro can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. And Interactive Brokers provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The time for withdrawal in eToro is within 1 business day, and that one in Interactive Brokers is 3-5 days.

As a result, the rating of eToro is 4.5 stars versus that of Interactive Brokers of 4.1 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
eToro
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Interactive Brokers
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
eToro
Stock
0.09% spread per side
ETFs
0.09% spread per side
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
From 3 pips
CFDs
From 0.09%
Futures
N/A
Metals
From 2 pips
Cryptocurrency
From 1.5%
Interactive Brokers
Stock
$0.005
ETFs
$0
Options
$0 + $0.70 per contract
Mutual Funds
$14.95
Bonds
0.1% of face value
Forex Spreads
0.20 basis points
CFDs
N/A
Futures
$0.85 per contract
Metals
0.15 basis points
Cryptocurrency
$5 per contract

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
eToro
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Interactive Brokers
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5
eToro
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5
Interactive Brokers
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5

Tools

Tools
Research & Analysis
Social trading
Education
Demo account
eToro
Research & Analysis
Social trading
Education
Demo account
Interactive Brokers
Research & Analysis
Social trading
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
eToro
Android App
iOS App
Interactive Brokers
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
eToro
Minimum deposit
$200
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
Interactive Brokers
Minimum deposit
$0
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Withdrawal Fee
eToro
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Within 1 business day
Withdrawal Fee
$25
Interactive Brokers
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
3-5 days
Withdrawal Fee
$0

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
eToro
Сountry of Origin
Cyprus
Year Founded
2007
Regulated By
CySEC, FCA, ASIC
Interactive Brokers
Сountry of Origin
United States
Year Founded
1978
Regulated By
NYSE, FINRA, SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
eToro
Phone
+44-866-350-0881
Email
support@etoro.com
Live Chat
No
Interactive Brokers
Phone
1 (877) 442-2757
Email
Email form
Live Chat
Yes

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