Interactive Brokers vs eToro — Which Is Better for You?

Compare Interactive Brokers and eToro to find the right broker for you.

Quick Verdict

Choose Interactive Brokers for professional trading, global market access, and institutional pricing; choose eToro for social trading, simplicity, and copy trading features.

Decision criteria

Comparison Table

Broker Pros Cons
Interactive Brokers
  • Access to 150+ markets worldwide
  • Extremely competitive pricing and low margin rates
  • Advanced trading platforms (Trader Workstation, IBKR Mobile)
  • Comprehensive research and analytics tools
  • Strong regulatory oversight across multiple jurisdictions
  • Wide range of tradable assets: stocks, options, futures, forex, bonds
  • Complex platform may overwhelm beginners
  • Inactivity fee ($20/month if equity under $100k, waived for certain accounts)
  • Customer service can be slow during peak times
  • Minimum deposit requirements vary by country
  • Less intuitive interface compared to beginner-focused brokers
eToro
  • CopyTrader feature lets you automatically copy successful traders
  • Large social community with trader stats and sentiment data
  • Zero-commission stock trading (non-leveraged)
  • User-friendly interface for beginners
  • Wide asset coverage: stocks, crypto, commodities, forex, indices
  • Strong regulatory oversight across multiple jurisdictions
  • Wider spreads on forex compared to specialist brokers
  • $5 withdrawal fee on every withdrawal
  • CFDs and leveraged products carry high risk
  • Inactivity fee ($10/month after 12 months of no login)
  • Limited charting tools compared to MT4/MT5 platforms
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