eToro vs IIFL

eToro vs IIFL Comparison Table 2023
eToro IIFL
4.1
Not Yet Rated

IIFL is #38 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 79% of retail accounts lose money.

IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.

79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • 25M+ user community
  • $10 minimum deposit
  • Cryptocurrency trading
  • Top-rated copy trading app
Cons
  • No welcome bonuses
  • No MetaTrader 4 or MetaTrader platforms
Awards
  • Best of Show Award 2012 - Finovate Europe
  • Most Innovative Trading Platform 2010 - World Finance Awards
  • Best Trading Software 2011 - World Finance Awards
Bonus
Gift vouchers worth up to ₹5000
Instruments
Crypto Stocks, Futures, Options, Forex
Demo Account
Yes No
Minimum Deposit
$10 1000 Rs
Payment Methods
Minimum Trade
$10
Regulator
FCA, CySEC, ASIC, FSA SEBI
Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
Yes No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No Yes
AI / Machine Learning
Yes No
Robo Advisor
Yes No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android & Windows IIFL Markets & IIFL Mutual Funds
Auto Trading
Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
Yes No
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.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • INR
Stock Exchanges
Commodities
CFD Trading
eToro offers leveraged CFD trading in certain jurisdictions. Speculate on thousands of financial assets. CFD trading not offered
FTSE Spread
1.5 pt
GBPUSD Spread<
2 pips
Oil Spread
5 pts
Stocks Spread
0.24% Var
Forex Trading
eToro offers a selection of major, minor and exotic currency pairs. Clients can speculate on FX from the eToro trading app. IIFL offers forex trading on a range of pairs with the Indian Rupee (INR).
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.

GBPUSD Spread
2 pips Not offered
EURUSD Spread
1.5 pips Not offered
EURGBP Spread
1.5 pips Not offered
Assets
49 20+
Cryptocurrency
eToro leads the way in cryptocurrency trading. The lowest spreads (from 0.75% 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.. Crypto trading not offered
Spread
BTC <1%, ETH 2%
Coins
  • BTC
  • ETH
  • BCH
  • XRP
  • DASH
  • LTC
  • ETC
  • ADA
  • MIOTA
  • XLM
  • EOS
  • NEO
  • ZEC
  • BNB
  • VET
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
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