eToro vs Interactive Brokers, Who's The Best?
Read our In-Depth eToro vs Interactive Brokers Review - Updated for 2022
This eToro vs Interactive Brokers 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 Interactive Brokers 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.
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Interactive Brokers
Every online trading platform has some ups and downs, and no eToro and Interactive Brokers review would be complete without having a balanced approach. Compare eToro and Interactive Brokers to understand how they line 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 professional broker and are choosing between eToro or Interactive Brokers. Which one is best in 2022?
This eToro vs Interactive Brokers comparison contains the latest information so you can easily compare Interactive Brokers against eToro.
If you're a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll acquire proficient at all the concepts of brokerage since you keep trading. For starters, you have to choose the right agent who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. eToro and Interactive Brokers are just two such companies which will take you along with your investment to great heights. It is crucial that you compare eToro vs Interactive Brokers until you trust them with your money.
Our eToro vs Interactive Brokers comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Interactive Brokers side by side.
Our entire eToro vs Interactive Brokers Review covers all you need to know about trading using either eToro or Interactive Brokers. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investing goals.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you choose them. It's a common misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
eToro and Interactive Brokers are both brokers which have paved their way successfully into the broker world. Within this review, we have tried to collate some of the important facets of both eToro and Interactive Brokers. This review can help you to know whether either Interactive Brokers or eToro is a fantastic fit for your investments or not. We've tried to breakdown all the qualities and charges for your convenience.
Benefits of eToro and Interactive Brokers Compared
eToro offers a minimum deposit of $50 while Interactive Brokers has a $1 minimum deposit.
Why smaller minimum deposits are good and how eToro and Interactive Brokers 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 Interactive Brokers allows you to trade around 100 available.
The more instruments you can trade on the eToro and Interactive Brokers 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 should never want to miss out on a trading opportunity due to the limitations of eToro or Interactive Brokers.
eToro and Interactive Brokers Contact Details
Being able to contact your broker through many ways is important. eToro and Interactive Brokers have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | eToro | Interactive Brokers |
| Telephone Number | +1 203 618 5800 | |
| support@etoro.com | support@interactivebrokers.com | |
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | One Pickwick Plz, Greenwich, Connecticut 06830, US |
| eToro Twitter Account | Interactive Brokers Twitter Account | |
| eToro Facebook Page | Interactive Brokers Facebook Page | |
| eToro Instagram Account | Interactive Brokers Instagram Account | |
| eToro LinkedIn Page | Interactive Brokers LinkedIn Page | |
| YouTube | eToro YouTube Channel | Interactive Brokers YouTube Channel |
| Find Out More |
|
|
Interactive Brokers and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing eToro and Interactive Brokers 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
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 Interactive Brokers - Awards
|
|
||
|---|---|---|
| Broker | eToro | Interactive Brokers |
| Awards |
eToro have won several industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for eToro below.
|
Interactive Brokers have won numerous industry awards over the years they have been running as an online broker. We detail the most recognised awards for Interactive Brokers below.
|
| Find Out More |
|
|
eToro vs Interactive Brokers - Frequently Asked Questions
eToro vs Interactive Brokers - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
Interactive Brokers was founded in 1977 and has its headquaters in United States.
What is the minimum deposit for Interactive Brokers or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Interactive Brokers is $1.
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 Interactive Brokers are a good option.
eToro vs Interactive Brokers - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..
Both eToro and Interactive Brokers have a powerful collection of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare eToro vs Interactive Brokers Commission And Fees
eToro and Interactive Brokers are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an online broker isn't necessarily affected by the amount 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 primarily 3 different types of fees for this purpose.
The first kind of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you're spending a spread, financing speed, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those that are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither eToro or Interactive Brokers charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by eToro and Interactive Brokers are comparatively lower. Consequently, you're charged more for non-trading actions on your trading account, like withdrawal and deposits. These aren't about the sale and purchase of resources.
This eToro vs Interactive Brokers review for 2022 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For eToro And Interactive Brokers
What Languages Do eToro And Interactive Brokers Support?
Being able to talk completely with your online platform is a key part of comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find all the languages that both eToro and Interactive Brokers offer communication in.
How Many Clients Do eToro and Interactive Brokers Have?
Both eToro and Interactive Brokers are well known and trusted. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients eToro and Interactive Brokers are working with
What Payment Methods Do eToro and Interactive Brokers Accept?
eToro and Interactive Brokers 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 Interactive Brokers
What Can You Trade With eToro and Interactive Brokers?
eToro offers 100 trading instruments whilst Interactive Brokers offers 100.
Below you will find a full breakdown of what both eToro and Interactive Brokers offer.
Compare eToro To All Other Brokers
Compare Interactive Brokers To All Other Brokers