A social trading platform letting users automatically copy other investors' trades.
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eToro vs Interactive Brokers
Comparing eToro and Interactive Brokers to help you pick the right Investing Platforms for your needs.
A professional-grade brokerage with the broadest global market access and lowest margin rates.
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| Feature | eToro | Interactive Brokers |
|---|---|---|
| Pricing | Freemium | Freemium |
| Platforms | Web, iOS, Android | Web, macOS, Windows, iOS, Android |
| Launched | 2007 | 1978 |
| Starting price | $0commission on stocks (spread on other assets) | $0 |
| Community votes | 289 | 312 |
eToro Pros & Cons
- CopyTrader lets newer investors automatically mirror experienced traders' portfolios
- Strong international availability, particularly in Europe, UK, Australia, and Asia
- Combines stocks, ETFs, and crypto trading in one platform
- Virtual portfolio lets users practice with simulated funds before risking real money
- Limited availability and product restrictions for US customers compared to international markets
- Copying another trader's portfolio doesn't guarantee similar returns and carries full market risk
- Non-stock assets are priced via spread rather than commission, which can be less transparent
- Withdrawal fees apply, unlike some competitors with free withdrawals
Interactive Brokers Pros & Cons
- Access to far more global exchanges and markets than most retail-focused competitors
- Notably low margin rates compared to nearly every other major brokerage
- Professional-grade trading platform (Trader Workstation) with advanced order types
- Broad asset coverage including stocks, options, futures, bonds, and forex
- Steeper learning curve than simplified apps like Robinhood, aimed more at experienced investors
- IBKR Pro's tiered commission structure can be confusing for casual users
- Interface complexity may overwhelm investors wanting a simple buy/sell experience
- Customer support is more geared toward active traders than casual retail investors
Verdict: eToro vs Interactive Brokers
eToro and Interactive Brokers both serve the Investing Platforms category well, but suit different priorities. Interactive Brokers supports more platforms (5 vs 3). Based on community engagement, Interactive Brokers is currently the more widely adopted choice (312 votes), but the better fit ultimately depends on your specific pricing, platform, and feature requirements.
Frequently Asked Questions
- Which is cheaper, eToro or Interactive Brokers?
- eToro and Interactive Brokers use a similar pricing model (both freemium), so the cheaper choice depends on which specific plan tier and feature set you need rather than the base pricing model.
- Is eToro or Interactive Brokers rated higher?
- eToro and Interactive Brokers currently hold comparable editorial ratings, so neither has a clear edge — the right pick depends more on which specific features and pricing fit your use case.
- Which platforms do eToro and Interactive Brokers support?
- eToro is available on Web, iOS, Android. Interactive Brokers is available on Web, macOS, Windows, iOS, Android. Interactive Brokers covers more platforms overall, which matters if your team works across a wider range of devices and operating systems.
- Can I switch from eToro to Interactive Brokers (or vice versa)?
- Most investing platforms tools, including eToro and Interactive Brokers, support data export in standard formats, making migration possible though rarely fully automatic. Expect to manually verify that custom configurations, integrations, and historical data transfer correctly, and budget time for the team to adjust to workflow differences between the two products.
- Should I choose eToro or Interactive Brokers?
- eToro and Interactive Brokers both serve the Investing Platforms category well, but suit different priorities. Interactive Brokers supports more platforms (5 vs 3). Based on community engagement, Interactive Brokers is currently the more widely adopted choice (312 votes), but the better fit ultimately depends on your specific pricing, platform, and feature requirements.