eToro vs IG, Updated for 2022
Read our In-Depth eToro vs IG Review - 2022 Update
This eToro vs IG review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs IG review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
IG Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs IG
Every online trading platform has a few ups and downs, and no eToro and IG review would be complete without showing both sides. Compare eToro and IG to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between eToro or IG. Who should you choose?
Our eToro vs IG comparison contains the most recent information so you can easily compare IG against eToro.
If you're a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will acquire proficient at all the concepts of broker as you continue trading. For starters, you need to choose the ideal agent who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. eToro and IG are two such platforms which will take you and your investment to great heights. It is important to compare eToro vs IG before you trust them with your money.
Our eToro vs IG comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and IG side by side.
Our full eToro vs IG Review covers everything you need to learn about trading with either eToro or IG. A fantastic broker can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you choose them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can set your investments in danger.
eToro and IG are both brokers that have found their way successfully into the broker world. Within this review, we've attempted to collate some of the important facets of both eToro and IG. This review can allow you to understand whether either IG or eToro is a good fit for your investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Benefits of eToro and IG Compared
eToro offers a minimum deposit of $50 while IG offers a $200 minimum deposit.
Why smaller minimum deposits are good and how eToro and IG compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments while IG has around 100 available.
The more financial instruments you can trade on the eToro and IG trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of eToro or IG.
eToro and IG Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. eToro and IG have the following contact details and social medias that you can use.
|Address||24th floor, One Canada Square, Canary Wharf, London, E14 5AB|
|eToro Twitter Account||IG Twitter Account|
|eToro Facebook Page||IG Facebook Page|
|eToro Instagram Account||IG Instagram Account|
|eToro LinkedIn Page||IG LinkedIn Page|
|YouTube||eToro YouTube Channel||IG YouTube Channel|
|Find Out More||
IG and eToro Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing eToro and IG will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs IG - Awards
eToro have won numerous industry awards over the years they have been operating as an online broker. We show the most notable awards for eToro here.
|At the time of writing this IG review, and despite IG’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
eToro vs IG - Frequently Asked Questions
eToro vs IG - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
IG was founded in 1974 and has its headquaters in UK.
What is the minimum deposit for IG or eToro
The minimum deposit for eToro is $50.
The minimum deposit for IG is $200.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and IG are a good option.
eToro vs IG - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Both eToro and IG have a strong set of rules for ensuring honest trading on their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare eToro vs IG Commission And Fees
eToro and IG are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the number of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, funding speed, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither eToro or IG charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who often exchange, such as weekly or daily trading.
But, non-trading fees billed by eToro and IG are relatively higher. As a result, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This eToro vs IG review for 2022 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For eToro And IG
What Languages Do eToro And IG Support?
Being able to chat easily with your online platform is a key way of comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Here you will find the languages that both eToro and IG support.
How Many Clients Do eToro and IG Have?
Both eToro and IG are well known and trusted. It is really important to work with an online broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients eToro and IG are working with
What Payment Methods Do eToro and IG Accept?
eToro and IG both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and IG
What Can You Trade With eToro and IG?
eToro offers 100 trading instruments and IG offers 10,000.
Below you will find a full breakdown of what both eToro and IG offer.
Compare eToro To All Other Brokers
Compare IG To All Other Brokers
eToro vs IG:
Table Of Contents
- Compare eToro vs IG
- Benefits of eToro and IG Compared
- IG and eToro Mobile App Comparison
- eToro vs IG - Awards
- eToro vs IG - Frequently Asked Questions
- What is the minimum deposit for IG or eToro
- eToro vs IG - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And IG
- What Languages Do eToro And IG Support?
- How Many Clients Do eToro and IG Have?
- What Payment Methods Do eToro and IG Accept?
- What Can You Trade With eToro and IG?