eToro vs Interactive Brokers: One Winner. 5 Reasons Why (2018)

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Home > Compare forex brokers > eToro vs. Interactive Brokers

POPULAR ALTERNATIVE

eToro

Open eToro's Website

eToro is regulated by CySEC. eToro have provided Forex trading services since 2006.

Why choose eToro?

Over 12 years in business
Segregates clients funds
Regulated by Financial Conduct Authority, CySEC, ASIC

Spreads The spread is the difference (in pips) between the buy price and the sell price. Example: If the current buy price of EURUSD is 1.0004 and the sell price is 1.0003, there is a 1 pip spread. Therefore, the lower the spread the better. The numbers below are the lowest spreads for various instruments.
EUR/USD		3.00
GBP/USD
Oil		5.0
Gold		NA
S&P 500		100.0
FTSE 100		100.0
Google		27.0
Facebook		8.0

Spreads are for informational purposes only and subject to change. Last updated: 9th May 2018. 65% - 85% of traders lose money trading CFDs.

Fees
Inactivity fee		Yes
Commission		No
Deposit fee		No
Withdrawal fee		Yes

View all spreads & fees

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Platform & Features
Platforms: Web Trader, Tablet & Mobile apps
Fixed spreads If a broker offers fixed spreads this means that their spreads will remain constant regardless of trading conditions.
Variable spreads If a broker offers variable spreads this means that their spreads will vary depending on trading conditions.
Scalping
Hedging
Stop losses A stop loss is an order to sell a security when it reaches a certain price, and is designed to help traders manage risk. Stop losses are not guaranteed.
Limit orders A limit order is an order to buy or sell a security at a specified price or better. Limit orders are not guaranteed.
One-click trading One-click trading is a feature that enables you to place market orders with just one click. It can be particularly useful for news-event traders.
Trailing stops A trailing stop is an order to buy or sell an instrument if it begins to move in an unfavourable direction. Unlike a standard stop loss, a trailing stop automatically adjusts to the current market price of the instrument. Trailing stop losses are not guaranteed.
Expert advisors (EAs) An expert advisor (or 'EA') enables you to automatically copy the trades or follow the instructions of another trader.
Virtual private server A virtual private server (or VPS) allows traders to run automated trading algorithms (or EAs) 24/7 with reduced risk of server downtime or latency.
Direct market access Direct market access (or DMA) is a service offered by some brokers that allows you to interact directly with an exchange's order book.
STP broker If a broker is a STP (Straight Through Processing) broker, this means that all orders you place are passed on directly to their liquidity providers.
ECN broker An ECN broker is a broker that uses electronic communications networks (ECNs) to provide its clients access to other participants in the markets.
Market maker If a broker is a market maker this means that they will buy and sell securities from their clients at a profitable price.
Price alerts Price alerts are a feature that allows you to trigger SMS or email notifications to yourself when an instrument reaches a specified price.
Signal trading If a broker allows signal trading this means that you can follow the instructions of other traders and engage in automated trading.
Apps
iOS
Android
Windows
Languages
English, German, Spanish, French, and Italian
Screenshot

See platform & features

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Markets & Instruments
Forex
Bitcoin
Majors
Indices
US Stocks
UK Stocks
Penny stocks
Energies
Metals
Agriculturals
FTSE
Dow Jones
Dax
Nikkei
ETFs
IPO

See all instruments

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Account information
Demo account
Micro account
Standard account
VIP account
Zero spread account
Islamic account
Min trade	$25
Max trade	20% of equity
Min deposit	$200

See account options

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Funding methods
Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin
Payment processing time
Varies
Withdrawal processing time
Varies

See all funding options

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

About eToro
Excluded countries
US, IR, KP, BE, CA, JP, SY, TR, IL
Headquarters
Limassol, Cyprus
Contact email
Send email
Contact phone number
44-866-350-0881
Live chat
Website	www.etoro.com
Founded in 2007 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of the beginning of 2014, it was said that eToro boasted more than three million members worldwide. For more information about trading with eToro, we have put together an indepth eToro review with all the pros and cons about this broker.

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Popular comparisons feat. eToro

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eToro Alternatives

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All information collected from www.etoro.com. Last updated on 09/03/2018.

IB

Open IB's Website

Interactive Brokers is regulated by NFA 0258600. Interactive Brokers have provided Forex, CFD trading services since 1977.

Why choose Interactive Brokers?

Over 41 years in business
Segregates clients funds
Regulated by Financial Conduct Authority

Spreads The spread is the difference (in pips) between the buy price and the sell price. Example: If the current buy price of EURUSD is 1.0004 and the sell price is 1.0003, there is a 1 pip spread. Therefore, the lower the spread the better. The numbers below are the lowest spreads for various instruments.
EUR/USD
GBP/USD
Oil
Gold
S&P 500		0.9
FTSE 100		1
Google
Facebook

Spreads are dynamic and are for informational purposes only. Last updated: 9th May 2018. 65% - 85% of traders lose money trading CFDs.

Fees
Inactivity fee		Yes
Commission		Yes
Deposit fee		No
Withdrawal fee		10 USD

View all spreads & fees

Losses can exceed deposits

Platform & Features
Platforms: Web Trader, NinjaTrader, Tablet & Mobile apps
Fixed spreads If a broker offers fixed spreads this means that their spreads will remain constant regardless of trading conditions.
Variable spreads If a broker offers variable spreads this means that their spreads will vary depending on trading conditions.
Scalping
Hedging
Stop losses A stop loss is an order to sell a security when it reaches a certain price, and is designed to help traders manage risk. Stop losses are not guaranteed.
Limit orders A limit order is an order to buy or sell a security at a specified price or better. Limit orders are not guaranteed.
One-click trading One-click trading is a feature that enables you to place market orders with just one click. It can be particularly useful for news-event traders.
Trailing stops A trailing stop is an order to buy or sell an instrument if it begins to move in an unfavourable direction. Unlike a standard stop loss, a trailing stop automatically adjusts to the current market price of the instrument. Trailing stop losses are not guaranteed.
Expert advisors (EAs) An expert advisor (or 'EA') enables you to automatically copy the trades or follow the instructions of another trader.
Virtual private server A virtual private server (or VPS) allows traders to run automated trading algorithms (or EAs) 24/7 with reduced risk of server downtime or latency.
Direct market access Direct market access (or DMA) is a service offered by some brokers that allows you to interact directly with an exchange's order book.
STP broker If a broker is a STP (Straight Through Processing) broker, this means that all orders you place are passed on directly to their liquidity providers.
ECN broker An ECN broker is a broker that uses electronic communications networks (ECNs) to provide its clients access to other participants in the markets.
Market maker If a broker is a market maker this means that they will buy and sell securities from their clients at a profitable price.
Price alerts Price alerts are a feature that allows you to trigger SMS or email notifications to yourself when an instrument reaches a specified price.
Signal trading If a broker allows signal trading this means that you can follow the instructions of other traders and engage in automated trading.
Apps
iOS
Android
Windows
Languages
English, French, German, Spanish, Italian, Russian, Mandarin, Cantonese, and Japanese
Screenshot

See platform & features

Losses can exceed deposits

Markets & Instruments
Forex
Bitcoin
Majors
Indices
US Stocks
UK Stocks
Penny stocks
Energies
Metals
Agriculturals
FTSE
Dow Jones
Dax
Nikkei
ETFs
IPO

See all instruments

Losses can exceed deposits

Account information
Demo account
Micro account
Standard account
VIP account
Zero spread account
Islamic account
Min trade	None
Max trade	None
Min deposit	$3,000

See account options

Losses can exceed deposits

Funding methods
Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin
Payment processing time
1 business day
Withdrawal processing time
1-3 business days

See all funding options

Losses can exceed deposits

About Interactive Brokers
Excluded countries
US
Headquarters
CT, USA
Contact email
Send email
Contact phone number
(1) (877) 4422757
Live chat
Website	https://www.interactivebrokers.com/
Interactive Brokers is an online forex trading sevice provider who are regulated by the Financial Conduct Authority. To open an account with Interactive Brokers, minimum deposits start from $10,000. With Interactive Brokers you can trade Stocks, options, futures, forex, foreign equities, and bonds. If you like to trade on the go, Interactive Brokers have iPhone, iPad and Android apps so you can trade from anywhere on your phone. Interactive Brokers offer IB TWS for mobile, IB Trader Workstation, IB WebTrader platforms to make your trades and support 9 different languages. They also offer traders free educational material to better understand the markets and trading strategies. The spreads offered by Interactive Brokers for the most popular instruments are: 0.61 EUR/USD, variable FTSE 100, variable GOLD, 4.56 GBP/USD, 164.17 DOW/JONES, 0 Crude Oil, see all the spreads here.

Visit Interactive Brokers

Losses can exceed deposits

Popular comparisons feat. Interactive Brokers

Best Brokers For Indices
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Interactive Brokers Alternatives

ETX Capital vs Interactive Brokers
Core Spreads vs Interactive Brokers
Plus500 vs Interactive Brokers
IG vs Interactive Brokers
AvaTrade vs Core Spreads

All information collected from https://www.interactivebrokers.com/. Last updated on 09/03/2018.

AvaTrade

Open AvaTrade's Website

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose AvaTrade?

Over 12 years in business
Segregates clients funds
Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI

Spreads The spread is the difference (in pips) between the buy price and the sell price. Example: If the current buy price of EURUSD is 1.0004 and the sell price is 1.0003, there is a 1 pip spread. Therefore, the lower the spread the better. The numbers below are the lowest spreads for various instruments.
EUR/USD		0.70
GBP/USD		2.40
Oil		0.03
Gold		1
S&P 500		0.25
FTSE 100		1.0
Google		0.2
Facebook		0.1

Spreads are dynamic and are for informational purposes only. Last updated: 9th May 2018. 65% - 85% of traders lose money trading CFDs.

Fees
Inactivity fee		No
Commission		No
Deposit fee		No
Withdrawal fee		No

View all spreads & fees

Losses can exceed deposits

Platform & Features
Platforms: MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
Fixed spreads If a broker offers fixed spreads this means that their spreads will remain constant regardless of trading conditions.
Variable spreads If a broker offers variable spreads this means that their spreads will vary depending on trading conditions.
Scalping
Hedging
Stop losses A stop loss is an order to sell a security when it reaches a certain price, and is designed to help traders manage risk. Stop losses are not guaranteed.
Limit orders A limit order is an order to buy or sell a security at a specified price or better. Limit orders are not guaranteed.
One-click trading One-click trading is a feature that enables you to place market orders with just one click. It can be particularly useful for news-event traders.
Trailing stops A trailing stop is an order to buy or sell an instrument if it begins to move in an unfavourable direction. Unlike a standard stop loss, a trailing stop automatically adjusts to the current market price of the instrument. Trailing stop losses are not guaranteed.
Expert advisors (EAs) An expert advisor (or 'EA') enables you to automatically copy the trades or follow the instructions of another trader.
Virtual private server A virtual private server (or VPS) allows traders to run automated trading algorithms (or EAs) 24/7 with reduced risk of server downtime or latency.
Direct market access Direct market access (or DMA) is a service offered by some brokers that allows you to interact directly with an exchange's order book.
STP broker If a broker is a STP (Straight Through Processing) broker, this means that all orders you place are passed on directly to their liquidity providers.
ECN broker An ECN broker is a broker that uses electronic communications networks (ECNs) to provide its clients access to other participants in the markets.
Market maker If a broker is a market maker this means that they will buy and sell securities from their clients at a profitable price.
Price alerts Price alerts are a feature that allows you to trigger SMS or email notifications to yourself when an instrument reaches a specified price.
Signal trading If a broker allows signal trading this means that you can follow the instructions of other traders and engage in automated trading.
Apps
iOS
Android
Windows
Languages
English, Italian, German, French, Greek, and Hebrew
Screenshot

See platform & features

Losses can exceed deposits

Markets & Instruments
Forex
Bitcoin
Majors
Indices
US Stocks
UK Stocks
Penny stocks
Energies
Metals
Agriculturals
FTSE
Dow Jones
Dax
Nikkei
ETFs
IPO

See all instruments

Losses can exceed deposits

Account information
Demo account
Micro account
Standard account
VIP account
Zero spread account
Islamic account
Min trade	0.01 Lot
Max trade	None
Min deposit	$250

See account options

Losses can exceed deposits

Funding methods
Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin
Payment processing time
Varies
Withdrawal processing time
Varies

See all funding options

Losses can exceed deposits

About AvaTrade
Excluded countries
BE, BR, KP, NZ, TR, US, CA, SG
Headquarters
Dublin, Ireland
Contact email
Send email
Contact phone number
(44) (0) 8005200423
Live chat
Website	http://www.avatrade.com/
Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins. For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

Losses can exceed deposits

Popular comparisons feat. AvaTrade

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AvaTrade Alternatives

ETX Capital vs Avatrade
Core Spreads vs Avatrade
Plus500 vs Avatrade
IG vs Avatrade
Avatrade vs IronFX

All information collected from http://www.avatrade.com/. Last updated on 09/03/2018.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.