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.
- Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. This site is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Detailed comparison
Compared broker eToro | Alternative #1 Interactive Brokers | Alternative #2eToro USA | |
|---|---|---|---|
| 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 | VisitReview Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. This site is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD. |
| Promotions | – | – | |
| Bonus | Get A Free Stock Worth $50 | – | Invest $100 and get $10 |
| Instruments | Stocks, ETFs, Options, Crypto | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Stocks, Options, ETFs, Crypto |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $50 | $0 | $50 |
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| Minimum Trade | $10 | $1 | $10 |
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| Regulator | FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS | SEC, FINRA |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | 6.40% | 5.5% - 6.13% (depending on account tier) | – |
| STP Account | Yes | Yes | No |
| ECN Account | No | No | No |
| DMA Account | No | Yes | No |
| MAM Account | No | Yes | No |
| PAMM Account | No | No | No |
| LAMM Account | No | No | No |
| Demat Account | No | Yes | No |
| AI / Machine Learning | Yes | Yes | Yes |
| Robo Advisor | No | Yes | No |
| Negative Balance Protection | Yes | No | No |
| Market Maker | Yes | No | No |
| P2P Trading | No | No | No |
| Spot Trading | Yes | Yes | No |
| Mobile Apps | iOS & Android | iOS & Android | iOS & Android |
| 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. | The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. | – |
| Auto Trading | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | TWS API | No |
| 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. | – | You can mirror the positions and strategies of up to 100 other traders with the market-leading eToro US copy trading service. Unlike many competitors, eToro gives you more control over your portfolio, allowing you to stop or pause a copied trade at any time. Pricing is also fairly competitive, with only $1 required to copy a position. eToro copy trading is for crypto only. |
| Social Trading | Yes | No | Yes |
| Trade Signals | Yes | – | No |
| VPS Hosting | No | No | No |
| Tournaments | No | No | No |
| Demo Competitions | No | No | No |
| Ethical Investing | Yes | Yes | Yes |
| Custodial Account | No | No | No |
| Guaranteed Stop Loss | No | No | No |
| Inactivity Fee | $10 | $0 | $10 |
| Islamic Account | Yes | No | No |
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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. | CFD trading not offered | CFD trading not offered |
| Leverage | 1:30 EU | 1:50 (major forex pairs), 1:2-1:4 (equities) | – |
| FTSE Spread | 1.5 | 0.005% (£1 Min) | – |
| GBPUSD Spread | 1.9 | 0.08-0.20 bps x trade value | – |
| Oil Spread | 0.05 | 0.25-0.85 | – |
| Stocks Spread | 0.57 (Apple) | 0.003 | $0 |
| 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. | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and over 100 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. | Forex trading not offered |
| GBPUSD Spread | 1.9 | 0.08-0.20 bps x trade value | – |
| EURUSD Spread | 1.0 | 0.08-0.20 bps x trade value | – |
| EURGBP Spread | 1.3 | 0.08-0.20 bps x trade value | – |
| Assets | 55 | 100+ | – |
| 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. | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. | eToro US offers modest tradeable cryptoassets following a September 2024 settlement with the SEC regarding unregistered securities. eToro has a 1% buying/selling fee added to the spread. Additionally, there are coins available through the broker’s proprietary wallet service. You can also practice your crypto strategies easily by switching between live and demo mode. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply. |
| Crypto Spread | BTC 1% | 0.12%-0.18% | BTC 0.75% |
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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 | VisitReview Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. This site is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD. |