Alternatives to eToro
Here we list the best alternatives to eToro. Traders that are looking for brokers that are similar to eToro on specific features should check the detailed comparison table below.
Top 3 Alternatives to eToro
These brokers are the best alternatives to eToro that also accept traders from your location. The brokers are listed in order of similarity in terms of markets and features.- IG Group - IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
- Just2Trade - Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
- Kwakol Markets - Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
Detailed Comparison
| Feature | eToro | IG Group | Just2Trade | Kwakol Markets |
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4.5
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| Bonus | Up to $2,000 for professional accounts | |||
| Instruments | Crypto | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $10 | $0 | $100 | $1 |
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| Minimum Trade | $10 | 0.01 Lots | 0.01 Lots | 0.01 Lots |
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| Regulator | FCA, ASIC, CySEC, FSA | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | CySEC, NFA, FINRA, Bank of Russia | ASIC, FINTRAC |
| Margin Trading | Yes | Yes | Yes | Yes |
| Margin Rate | 1% | 2.5% | ||
| STP Account | Yes | No | Yes | Yes |
| ECN Account | Yes | No | Yes | Yes |
| DMA Account | No | Yes | Yes | No |
| MAM Account | No | No | No | No |
| PAMM Account | No | No | Yes | No |
| LAMM Account | No | No | No | No |
| Demat Account | No | No | No | No |
| AI / Machine Learning | Yes | No | No | No |
| Robo Advisor | No | Yes | Yes | No |
| Negative Balance Protection | Yes | Yes | Yes | Yes |
| Market Maker | Yes | Yes | No | No |
| P2P Trading | No | No | No | No |
| Spot Trading | Yes | Yes | Yes | No |
| Mobile Apps | iOS, Android & Windows | iOS & Android | iOS & Android | iOS & Android |
| Auto Trading | Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do. | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Lime Financial | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | No | Yes | Yes |
| Copy Trading Platform | One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only. | Copy other traders with a $100 starting payment. You only pay a commission on winning trades. Just2Trade ranks the top strategies and provides good insights into the number of subscribers, fees and monthly yields. | Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. The leaderboard makes it easier to find suitable strategy providers with insights into the number of followers, total returns and more. You also only pay a fee on profitable positions. | |
| Social Trading | Yes | No | Yes | No |
| Trade Signals | Yes | Yes | Yes - by subscription | |
| VPS Hosting | No | Yes | No | No |
| Tournaments | No | No | No | Yes |
| Demo Competitions | No | No | No | No |
| Ethical Investing | Yes | Yes | No | No |
| Custodial Account | No | No | No | No |
| Guaranteed Stop Loss | No | Yes | No | No |
| Inactivity Fee | $10 | $12 | $15 | $10 |
| Islamic Account | Yes | No | Yes | Yes |
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| CFD Trading | Trade CFDs on over 3,000 assets and enjoy rich market data through integrated TradingView charts. There is also comprehensive free learning tools via the eToro Academy, ideal for beginners. Fees are low and leverage is in line with regulatory requirements, helping to provide a secure trading environment. | IG offers an impressive suite of 17,000+ CFD instruments. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience. | With CFDs on 20+ Polish and 30+ US stocks, as well as energies and seven global stock indices covering US, UK, European, Australian and Japanese markets, Just2Trade offers a superb selection of global assets. | CFDs are available on a breath of underlying assets, including stocks, indices, commodities, forex and cryptos. High leverage up to 1:500 is available alongside a 0.01 minimum lot size and award-winning software. For the tightest spreads from 0 pips, opt for the Premium account. |
| Leverage | 1:30 (Retail), 1:250 (Pro) | 1:20 | 1:1000 | |
| FTSE Spread | 1.5 pt | 1.0 | 0.0 | From 0.8 pips (Standard Account) |
| GBPUSD Spread | 2 pips | 0.9 | 0.0 | From 0.8 pips (Standard Account) |
| Oil Spread | 5 pts | 2.8 | 0.0 | From 0.8 pips (Standard Account) |
| Stocks Spread | 0.24% Var | 0.02 | Variable | From 0.8 pips (Standard Account) |
| Forex Trading | An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time. | IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime. | Traders can access a decent range of 60+ major, minor and exotic forex pairs through standard and ECN accounts with tight spreads from 0.5 and 0.0, respectively. Execution speeds are also faster than most competitors at 50ms, which will appeal to active forex day traders. | Kwakol Markets offers a wider range of forex pairs than most competitors, with 90+ assets available. Users get fast execution speeds through the ECN model and competitive spreads. On the negative side, not all currency pairs are available on MT4. |
| Forex App | eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. |
IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks. |
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| GBPUSD Spread | 2 pips | 0.9 | 0.0 | From 0.8 pips (Standard Account) |
| EURUSD Spread | 1.5 pips | 0.8 | 0.0 | From 0.8 pips (Standard Account) |
| EURGBP Spread | 1.5 pips | 0.9 | 0.0 | From 0.8 pips (Standard Account) |
| Assets | 49 | 80+ | 50+ | 90+ |
| Crypto Trading | eToro leads the way in cryptocurrency trading. The lowest spreads (from 1% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. | 11 popular cryptos are available, plus two crypto crosses. A crypto index is also offered, following the value of the top 10 digital currencies by market cap. All cryptos are available via CFDs. | Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin. On the downside, crypto trading is only available to clients from Asia which is more restrictive than many alternatives. | Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. This separates the broker from many alternatives that only offer cryptos paired with the USD. High leverage up to 1:20 on cryptos is available, plus support for Expert Advisors and copy trading. |
| Crypto Spread | BTC 1%, ETH 2% | Variable | From 0.1% | From 0.8 pips (Standard Account) |
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| Crypto Lending | No | No | No | No |
| Crypto Mining | No | No | No | No |
| Crypto Staking | No | No | No | No |
| Crypto Auto Market Maker | No | No | No | No |
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74% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Forex trading involves risk. Losses can exceed deposits.
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