Interactive Brokers vs eToro Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Interactive Brokers vs eToro.
Is Interactive Brokers or eToro better for beginners?
Interactive Brokers offers more comprehensive new investor education for beginner investors than eToro. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while eToro offers investors access to Paper Trading, Videos and Education (Stocks). Neither have Education (Mutual Funds).
What about Interactive Brokers vs eToro pricing?
Interactive Brokers and eToro charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Interactive Brokers, costing $0.65 per contract versus $0.00 per contract at eToro. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Interactive Brokers or eToro offer a wider range of investment options?
Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Futures Trading, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Neither have Forex Trading and Advisor Services. Looking at Mutual Funds, eToro trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and eToro offering 0.
Which trading platform is better: Interactive Brokers or eToro?
To compare the trading platforms of Interactive Brokers and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards are offered by Interactive Brokers while eToro offers none. Neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.
Is Interactive Brokers good?
Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates.
Is eToro good?
Though its offerings have some limitations, eToro's approach will appeal to those interested in learning how to trade crypto or joining a crypto-focused community. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.
Interactive Brokers vs eToro Winner
Overall winner: Interactive Brokers
Explore our other online trading guides: