Interactive Brokers vs eToro
Interactive Brokers scores higher overall (4.7 vs 4.3), but the better choice depends on where you live and how you trade. 62 countries can open an account with both.
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Interactive Brokers
The widest market access here, with low costs and top-tier regulation.
Side by side
| Interactive Brokers | eToro | |
|---|---|---|
| Overall score | 4.7 / 5 | 4.3 / 5 |
| Founded | 1978 | 2007 |
| Listing | Nasdaq (IBKR) | Nasdaq (ETOR) |
| CFDs | Yes | Yes |
| Minimum deposit | No minimum | Varies by country |
| Platforms | Trader Workstation (TWS), IBKR Desktop, Client Portal (web), IBKR Mobile, IBKR GlobalTrader | eToro web platform, eToro mobile app |
| Main regulators | SEC / FINRA / CFTC, FCA (UK), Central Bank of Ireland, ASIC (Australia), Top-tier regulators | CySEC, FCA (UK), ASIC (Australia), SEC / FINRA, FSRA (Abu Dhabi) |
| Countries accepted | 183 of 197 | 62 of 197 |
| Best for | Experienced investors who want access to global exchanges | Investors who want to copy other traders |
Category by category
| Category | Interactive Brokers | eToro |
|---|---|---|
| Regulation & safety | 5.0 | 4.7 |
| Trading costs | 4.7 | 3.7 |
| Platforms & tools | 4.4 | 4.4 |
| Range of markets | 5.0 | 4.2 |
| Ease of use | 3.6 | 4.9 |
Availability
Both brokers accept residents of 62 countries. Only Interactive Brokers is available in 121, and only eToro in 0. Check your country before comparing anything else: the best broker is one that will open an account for you.
Our verdict
Choose Interactive Brokers if you are looking for experienced investors who want access to global exchanges. Choose eToro if you are looking for investors who want to copy other traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.