Comparison eToro vs Interactive Brokers

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares eToro vs Interactive Brokers. Is eToro or Interactive Brokers a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and Interactive Brokers has a commission fee of $0.005. For trading in Forex, the commission fee of eToro is from 3 pips, while the commission fee of Interactive Brokers is 0.20 basis points. For a more complete picture, let’s consider trading in the metal market, where eToro and Interactive Brokers have commission fees of from 2 pips and 0.15 basis points, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by eToro and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Interactive Brokers. Concerning the platforms, eToro uses Web Platform, Android App, iOS App, while Interactive Brokers uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. eToro was established in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And Interactive Brokers was established in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from eToro can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. And Interactive Brokers provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The time for withdrawal in eToro is within 1 business day, and that one in Interactive Brokers is 3-5 days.

As a result, the rating of eToro is 4.5 stars versus that of Interactive Brokers of 4.1 stars.