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 - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
Detailed Comparison
| Feature | eToro | IG | AvaTrade | Pepperstone |
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4.1
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4.4
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4.9
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4.8
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| Instruments | CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $50 | $0 | $0 | |
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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, FSRA, MFSA | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
| Margin Trading | Yes | Yes | Yes | Yes |
| Margin Rate | 1% | 2.5% | 2% | |
| STP Account | Yes | No | Yes | Yes |
| ECN Account | No | No | No | Yes |
| DMA Account | No | Yes | Yes | Yes |
| MAM Account | No | No | Yes | Yes |
| PAMM Account | No | No | Yes | Yes |
| LAMM Account | No | No | No | No |
| Demat Account | No | No | No | No |
| AI / Machine Learning | Yes | No | No | Yes |
| Robo Advisor | No | Yes | No | No |
| Negative Balance Protection | Yes | Yes | Yes | Yes |
| Market Maker | Yes | Yes | Yes | No |
| P2P Trading | No | No | No | No |
| Spot Trading | Yes | Yes | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | iOS & Android | iOS & Android |
| Auto Trading | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | No | Yes | Yes |
| Copy Trading Platform | eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. | AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite. | Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals and DupliTrade. However, it lacks support for cTrader Copy and does not offer a proprietary social trading network similar to those found on platforms like eToro or Vantage, which foster lively social trading communities for aspiring traders. | |
| Social Trading | Yes | No | Yes | No |
| Trade Signals | Yes | Yes | Yes | Yes (Via Chartist Software) |
| VPS Hosting | No | Yes | No | Yes |
| Tournaments | No | No | No | No |
| 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 | $50 | $0 |
| Islamic Account | Yes | No | Yes | Yes |
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| CFD Trading | You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. | IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. | AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities. | Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. |
| Leverage | 1:30 (Retail), 1:250 (Pro) | 1:30 (Retail) 1:400 (Pro) | 1:30 (Retail), 1:500 (Pro) | |
| FTSE Spread | 1.5 | 1.0 | 0.5 | 1.0 |
| GBPUSD Spread | 1.9 | 0.9 | 1.5 | 0.4 |
| Oil Spread | 0.05 | 2.8 | 0.02 | 2.5 |
| Stocks Spread | 0.57 (Apple) | 0.02 | 0.13 | 0.02 |
| Forex Trading | An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. | IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. | AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education. | Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. |
| 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. |
AvaTrade provides AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today. |
Pepperstone deliver their MetaTrader 4, MetaTrader 5, cTrader and TradingView platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – they are a powerful addition for mobile traders. |
| GBPUSD Spread | 1.9 | 0.9 | 1.5 | 0.4 |
| EURUSD Spread | 0.9 | 0.8 | 0.9 | 0.1 |
| EURGBP Spread | 1.3 | 0.9 | 1.5 | 0.4 |
| Assets | 55 | 80+ | 50+ | 100+ |
| Crypto Trading | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more | IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. | Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a great range of digital currencies including Bitcoin, Ethereum and Ripple, plus a crypto index. You can access competitive crypto spreads in the broker's wide choice of platforms as well as 1:2 leverage. | Pepperstone continues to prove itself as one of the most trusted crypto brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. |
| Crypto Spread | BTC 1% | Variable | BTC <1%, ETH 2% | BTC 30, ETH 0 |
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| Crypto Lending | No | No | No | No |
| Crypto Mining | No | No | No | No |
| Crypto Staking | Yes | No | No | No |
| Crypto Auto Market Maker | No | No | No | No |
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CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
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