United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CypruseToro vs Interactive Brokers
What each one charges, who licenses it, and how they rank against each other country by country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The short version
We rank both for stocks in 11 countries, and eToro comes out ahead in every one of them.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
On fees it's a draw: each is cheaper on 1 of the 3 we could check for both.
Both hold top-tier (tier-1) licences: eToro from FCA, ASIC, SEC / FINRA and NYDFS, Interactive Brokers from SEC / FINRA, FCA, CBI, ASIC, CIRO, SFC, MAS and JFSA.
- Interactive Brokers is cheaper for US stock orders: $1 per order, compared with $2 per order at eToro.Edge: Interactive Brokers
- Neither charges an inactivity fee.
- eToro is cheaper for the withdrawal fee: up to $5, compared with up to $10 at Interactive Brokers.Edge: eToro
- We list eToro in 12 of the 14 countries we cover and Interactive Brokers in 12. They overlap in 11.
- Only Interactive Brokers offers forex.
- eToro gets more search attention than Interactive Brokers (Market Signal 71 vs 61). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Stock brokers & investing apps
| Country | eToro | Interactive Brokers |
|---|---|---|
| Australia | #4 of 873/100Locally licensed eToro AUS Capital Limited · ASIC | #5 of 871/100Locally licensed Interactive Brokers Australia Pty. Ltd. · ASIC |
| Austria | #1 of 871/100EU passport eToro (Europe) Ltd · CySEC | #2 of 871/100EU passport Interactive Brokers Ireland Limited · CBI |
| Croatia | #1 of 871/100EU passport eToro (Europe) Ltd · CySEC | #2 of 871/100EU passport Interactive Brokers Ireland Limited · CBI |
| Cyprus | #1 of 971/100Locally licensed eToro (Europe) Ltd · CySEC | #2 of 971/100EU passport Interactive Brokers Ireland Limited · CBI |
| Germany | #1 of 1271/100EU passport eToro (Europe) Ltd · CySEC | #2 of 1271/100EU passport Interactive Brokers Ireland Limited · CBI |
| Italy | #1 of 1171/100EU passport eToro (Europe) Ltd · CySEC | #2 of 1171/100EU passport Interactive Brokers Ireland Limited · CBI |
| Netherlands | #2 of 1071/100EU passport eToro (Europe) Ltd · CySEC | #3 of 1071/100EU passport Interactive Brokers Ireland Limited · CBI |
| Portugal | #1 of 971/100EU passport eToro (Europe) Ltd · CySEC | #2 of 971/100EU passport Interactive Brokers Ireland Limited · CBI |
| Spain | #1 of 971/100EU passport eToro (Europe) Ltd · CySEC | #2 of 971/100EU passport Interactive Brokers Ireland Limited · CBI |
| United Kingdom | #3 of 773/100Locally licensed eToro (UK) Ltd · FCA | #4 of 771/100Locally licensed Interactive Brokers (U.K.) Limited · FCA |
| United States | #4 of 973/100Locally licensed eToro USA Securities Inc. · SEC / FINRA | #6 of 971/100Locally licensed Interactive Brokers LLC · SEC / FINRA |
| Canada | Not listed | #3 of 571/100Locally licensed Interactive Brokers Canada Inc. · CIRO |
| United Arab Emirates | #2 of 671/100Locally licensed eToro (ME) Limited · FSRA (ADGM) | Not listed |
CFD brokers
| Country | eToro | Interactive Brokers |
|---|---|---|
| Australia | #2 of 1873/100Locally licensed eToro AUS Capital Limited · ASIC | #8 of 1867/100Locally licensed Interactive Brokers Australia Pty. Ltd. · ASIC |
| Austria | #2 of 3072/100EU passport eToro (Europe) Ltd · CySEC | #7 of 3067/100EU passport Interactive Brokers Ireland Limited · CBI |
| Croatia | #1 of 2872/100EU passport eToro (Europe) Ltd · CySEC | #5 of 2867/100EU passport Interactive Brokers Ireland Limited · CBI |
| Cyprus | #1 of 3072/100Locally licensed eToro (Europe) Ltd · CySEC | #6 of 3067/100EU passport Interactive Brokers Ireland Limited · CBI |
| Germany | #2 of 3172/100EU passport eToro (Europe) Ltd · CySEC | #8 of 3167/100EU passport Interactive Brokers Ireland Limited · CBI |
| Italy | #2 of 3372/100EU passport eToro (Europe) Ltd · CySEC | #8 of 3367/100EU passport Interactive Brokers Ireland Limited · CBI |
| Netherlands | #3 of 3072/100EU passport eToro (Europe) Ltd · CySEC | #7 of 3067/100EU passport Interactive Brokers Ireland Limited · CBI |
| Portugal | #2 of 3172/100EU passport eToro (Europe) Ltd · CySEC | #7 of 3167/100EU passport Interactive Brokers Ireland Limited · CBI |
| Spain | #2 of 3172/100EU passport eToro (Europe) Ltd · CySEC | #8 of 3167/100EU passport Interactive Brokers Ireland Limited · CBI |
| United Kingdom | #3 of 1874/100Locally licensed eToro (UK) Ltd · FCA | #10 of 1867/100Locally licensed Interactive Brokers (U.K.) Limited · FCA |
| United Arab Emirates | #3 of 1272/100Locally licensed eToro (ME) Limited · FSRA (ADGM) | Not listed |
Crypto exchanges
| Country | eToro | Interactive Brokers |
|---|---|---|
| Australia | #4 of 771/100Locally licensed eToro AUS Capital Limited · ASIC | Not listed |
| Austria | #8 of 2169/100EU passport eToro (Europe) Ltd · CySEC | Not listed |
| Croatia | #8 of 1969/100EU passport eToro (Europe) Ltd · CySEC | Not listed |
| Cyprus | #8 of 1969/100Locally licensed eToro (Europe) Ltd · CySEC | Not listed |
| Germany | #8 of 2169/100EU passport eToro (Europe) Ltd · CySEC | Not listed |
| Italy | #8 of 1969/100EU passport eToro (Europe) Ltd · CySEC | Not listed |
| Netherlands | #8 of 1969/100EU passport eToro (Europe) Ltd · CySEC | Not listed |
| Portugal | #8 of 1969/100EU passport eToro (Europe) Ltd · CySEC | Not listed |
| Spain | #8 of 1969/100EU passport eToro (Europe) Ltd · CySEC | Not listed |
| United Arab Emirates | #3 of 569/100Locally licensed eToro (ME) Limited · FSRA (ADGM) | Not listed |
| United Kingdom | #3 of 570/100Locally licensed eToro (UK) Ltd · FCA | Not listed |
| United States | #3 of 671/100Locally licensed eToro NY LLC · NYDFS | Not listed |
Fees and features side by side
| eToro | Interactive Brokers | |
|---|---|---|
| Products | Stocks & ETFs, CFDs, Crypto, Copy trading | Stocks & ETFs, Forex, CFDs, Options, Futures, Crypto |
| Owner | eToro Group Ltd (listed on Nasdaq) | IBG LLC |
| EUR/USD all-in cost | Not verified yet | 0.6 pips, IBKR Pro (0.20 bps commission + spread from 0.1 pip) |
| US stock commission | $2 per order | $1 per order |
| Crypto trading fee | 1%, app fee per trade (no order book) | Not verified yet |
| Currency conversion fee | Not verified yet | Not verified yet |
| Inactivity fee | None | None |
| Withdrawal fee | Up to $5 | Up to $10 |
| Minimum deposit | $50 (eToro USA Securities Inc.) | $0 (Interactive Brokers LLC) |
| Instruments | 10,000+ | Not verified yet |
| Fractional shares | Yes | Yes |
| Platforms | eToro web platform, eToro mobile app | Client Portal, IBKR Desktop, Trader Workstation (TWS) |
| Deposit methods | Bank transfer, Credit/debit card, Trustly (online banking), SEPA transfer | Wire transfer, Electronic funds transfer (SEPA, ACH, BACS), Check (US only) |
| Withdrawal time (stated) | status email within 2 business days; up to 10 business days by method | same day or next day (SEPA and bank wire) |
| Demo account | Yes | Yes |
| Support | Not verified yet | live chat, email, phone |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (eToro, Interactive Brokers).
Licences
eToro
- eToro (Europe) Ltd: CySEC (Tier 2)
- eToro (UK) Ltd: FCA (Tier 1)
- eToro AUS Capital Limited: ASIC (Tier 1)
- eToro USA Securities Inc.: SEC / FINRA (Tier 1)
- eToro (Seychelles) Ltd: FSA Seychelles (Tier 3 (offshore))
- eToro NY LLC: NYDFS (Tier 1)
- eToro (ME) Limited: FSRA (ADGM) (Tier 2)
Interactive Brokers
- Interactive Brokers LLC: SEC / FINRA (Tier 1)
- Interactive Brokers (U.K.) Limited: FCA (Tier 1)
- Interactive Brokers Ireland Limited: CBI (Tier 1)
- Interactive Brokers Australia Pty. Ltd.: ASIC (Tier 1)
- Interactive Brokers Canada Inc.: CIRO (Tier 1)
- Interactive Brokers Hong Kong Limited: SFC (Tier 1)
- Interactive Brokers Singapore Pte. Ltd.: MAS (Tier 1)
- Interactive Brokers Securities Japan Inc.: JFSA (Tier 1)
- Interactive Brokers India Pvt. Ltd.: SEBI (Tier 2)
eToro vs Interactive Brokers: common questions
Which is better, eToro or Interactive Brokers?
We rank both for stocks in 11 countries, and eToro comes out ahead in every one of them. For reference, eToro's best ranking is #1 of 30 CFD brokers in Cyprus, and Interactive Brokers' best ranking is #2 of 12 stock brokers & investing apps in Germany.
Is eToro cheaper than Interactive Brokers?
Interactive Brokers is cheaper for US stock orders: $1 per order, compared with $2 per order at eToro. Neither charges an inactivity fee. eToro is cheaper for the withdrawal fee: up to $5, compared with up to $10 at Interactive Brokers.
Is eToro or Interactive Brokers better regulated?
Both hold top-tier (tier-1) licences: eToro from FCA, ASIC, SEC / FINRA and NYDFS, Interactive Brokers from SEC / FINRA, FCA, CBI, ASIC, CIRO, SFC, MAS and JFSA. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both eToro and Interactive Brokers where I live?
We list eToro in 12 of the 14 countries we cover and Interactive Brokers in 12. They overlap in 11. For stocks, you'll find both on our lists in Australia, Austria, Croatia, Cyprus, Germany, Italy, Netherlands and Portugal, among others.