Embark on an exploration of eToro and Interactive Brokers, two front-runners in the online trading platform arena. Each platform is replete with distinctive features designed to cater to a wide range of trading preferences.
Recently, Traders Union conducted a comprehensive comparison of eToro vs IBKR, aiming to pinpoint their respective strengths and weaknesses. This study explores factors like user experience, financial products, fees, and customer support.
eToro vs IBKR pros and cons
Traders Union reveals the advantages and drawbacks of trading with eToro and IBKR.
eToro pros:
- Mobile app for trading from smartphones.
- Access to 135 markets in 33 countries.
- Highly licensed and regulated broker.
- Offers copy trading service and ready-made portfolios with semi-automatic diversification.
- Funds of eToro clients are held at licensed US banks.
eToro cons:
- Customer support can only be contacted through tickets.
IBKR pros:
- Provides access to 30,000+ trading instruments.
- Regulated in the US, UK, and 8 other countries.
- Advanced trading platform.
- Free stocks for registration.
- Low margin rates.
IBKR cons:
- Long and complex registration procedure.
eToro vs IBKR: safety and regulation
TU experts have compared eToro and Interactive Brokers’ safety and regulatory frameworks, underscoring their commitments to ensure secure transactions.
eToro:
- Regulated in the US (eToro US)
- Licensed by the FCA (Great Britain)
- Regulated by CySec (Cyprus, EU)
- Overseen by ASIC (Australia)
- Also regulated by Seychelles FSA
Interactive Brokers:
- Regulated in the US
- Licensed by the FCA (Great Britain)
- Other regulators include IIROC (Canada), CBI (Ireland), Central Bank of Hungary, AFSL (Australia), Hong Kong Securities and Futures Commission, SEBI (India), Kanto Local Finance Bureau (Japan), and the Monetary Authority of Singapore. They are participants of ASX, ASX 24, Cboe Australia, SEHK, and HKFE.
eToro vs IBKR: Trading Conditions
TU analysts have scrutinized the trading conditions at eToro and Interactive Brokers, identifying key differences that affect traders’ experiences.
eToro:
- Minimum deposit of $50
- Trading on eToro platform
- Maximum leverage on futures: 1:30
- Supported markets: Forex, Stocks, Indices, Commodities, Crypto
- Offers over 1000+ trading assets
- Offers Standard and Demo trading accounts
- The base account currency is USD
Interactive Brokers:
- No minimum deposit
- Platforms include IB Trader Workstation, IBKR GlobalTrader, Client Portal
- Maximum leverage on futures: 1-50
- Supported markets include Stocks, Forex, ETFs, Mutual Funds, Bonds, Stock Options, Commodity Futures, Currency futures, Cryptocurrencies, Robo-portfolios, hedge funds
- Offers over 30,000+ trading assets
- Multiple base account currencies including USD, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NZD, NOK, PLN, SGD, SEK, CHF, CNH
eToro vs IBKR: trading assets and investment programs
TU presents an overview of asset types and investment programs offered by eToro and Interactive Brokers.
eToro:
- Over 1000+ overall assets including Forex, Stocks, Metals, Cryptocurrencies, and Energy (CFD).
- Provides Indices trading
- Does not offer ETFs, Bonds, Mutual Funds, Stock options, or Futures trading.
- Offers Copy Trading investment program
Interactive Brokers:
- Provides access to 30,000+ overall assets: Forex, Stocks, Metals, Cryptocurrencies, Energy, Indices, ETFs, Bonds, Mutual Funds, and Stock options.
- Futures trading is available.
- Does not offer Binary Options, MAM/PAMM, or Managed Accounts.
- Other investment programs include Robo-portfolios, Hedge funds, and Bonds.
In addition, 4XC is another globally acclaimed forex broker known for its advanced trading technology and dedicated customer service. The platform stands out for its competitive spreads, superior execution, and extensive educational resources. Committed to regulatory compliance, 4XC provides a secure trading environment. For a comprehensive understanding of 4XC’s offerings, visit Traders Union’s official website to read the full review.
Conclusion
eToro and Interactive Brokers provide unique trading offerings tailored to specific trading needs. eToro is excellent for social trading, while Interactive Brokers caters to advanced traders with its vast asset offering. Yet, 4XC is emerging as a strong competitor in the trading industry, proving its worth with exceptional customer satisfaction. Ultimately, the right platform depends on individual trader needs and objectives. For more info, visit the Traders Union website.
