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 2 alternatives to eToro
These brokers are the best alternatives to eToro that also accept traders from your location. They are listed in order of similarity in terms of markets and features.
- Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier 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.Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
- XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
Detailed comparison
Compared broker eToro | Alternative #1 IG | Alternative #2 XM | |
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| Visit broker | VisitReview 61% 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. 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. | VisitReview Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | VisitReview |
| Promotions | – | ||
| Bonus | Get A Free Stock Worth $50 | – | $30 No Deposit Bonus, 100% Deposit Bonus |
| Instruments | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $50 | $0 | $5 |
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| Minimum Trade | $10 | 0.01 Lots | 0.01 Lots |
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| Regulator | FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | 6.40% | 1.0% – 1.5% for Forex, 3.0% – 3.4% for Shares, Indices, and Commodities | – |
| STP Account | Yes | No | Yes |
| ECN Account | No | No | No |
| DMA Account | No | Yes | No |
| MAM Account | No | No | No |
| PAMM Account | No | No | No |
| LAMM Account | No | No | No |
| Demat Account | No | No | No |
| AI / Machine Learning | Yes | Yes | Yes |
| Robo Advisor | No | Yes | No |
| Negative Balance Protection | Yes | Yes | Yes |
| Market Maker | Yes | Yes | Yes |
| P2P Trading | No | No | No |
| Spot Trading | Yes | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | iOS, Android & Windows |
| Trading 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. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. | XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1,400+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand. |
| 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 |
| Copy Trading | Yes | No | 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. The latest 'Live Trades' feature also offers real-time insights into the securities being bought by the platform's popular investors. | – | XM offers copy trading through its intuitive app with exclusive crypto pairs. XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. |
| Social Trading | Yes | No | Yes |
| Trade Signals | Yes | Yes | Yes |
| VPS Hosting | No | Yes | Yes |
| Tournaments | No | No | Yes |
| Demo Competitions | No | No | Yes |
| Ethical Investing | Yes | Yes | No |
| Custodial Account | No | No | No |
| Guaranteed Stop Loss | No | Yes | No |
| Inactivity Fee | $10 | $12 | $5 |
| Islamic Account | Yes | No | Yes |
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| CFD Trading | |||
| Overview | 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. | XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies. |
| Leverage | 1:30 EU | 1:30 (Retail), 1:250 (Pro) | 1:1000 |
| FTSE Spread | 1.5 | 1.0 | 1.4 |
| GBPUSD Spread | 1.9 | 0.9 | 0.8 |
| Oil Spread | 0.05 | 2.8 | 0.03 |
| Stocks Spread | 0.57 (Apple) | 0.02 | 1.79 (Apple) |
| Forex Trading | |||
| Overview | An above-average selection of 55 currencies are available with reasonable spreads averaging 1.0 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. | XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.6 pips on the EUR/USD in the commission-free account. |
| GBPUSD Spread | 1.9 | 0.9 | 0.8 |
| EURUSD Spread | 1.0 | 0.86 | 0.8 |
| EURGBP Spread | 1.3 | 0.9 | 1.5 |
| Assets | 55 | 80+ | 55+ |
| Crypto Trading | |||
| Overview | 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 100+ tokens which is continually being updated, including 29 new tokens in April 2025, from AI to memecoins. It also brought in crypto staking in 2025, allowing users to earn rewards for HODLing digital assets. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. | IG offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also 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. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore. | XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with very high leverage up to 1:500, amplifying potential returns but also losses. You can day trade major tokens like Bitcoin, Ethereum and Ripple, though the suite of tokens trails the 100+ crypto derivatives at some category leaders. |
| Crypto Spread | BTC 1% | Variable | Variable |
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| Crypto Lending | No | No | No |
| Crypto Mining | No | No | No |
| Crypto Staking | Yes | No | No |
| Crypto Auto Market Maker | No | No | No |
| Visit broker | VisitReview 61% 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. 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. | VisitReview Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | VisitReview |