Interactive Brokers vs eToro USA

Interactive Brokers vs eToro USA Comparison Table 2023
Interactive Brokers	eToro USA
Review 4.3 Interactive Brokers is #1 in our CFD broker rankings.	Review 4.1 eToro USA is #4 in our broker rankings.
Traders from US accepted	Traders from US accepted
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.	eToro is a social investing platform that offers 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, this brand is highly respected. eToro securities trading is offered by eToro USA Securities, Inc.
	https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Bonus Offer
	Invest $100 and get $10
Promotions
	eToro USA: Get A $10 Bonus When You Deposit $100
Comment by Reviewer
"Experienced day traders seeking a regulated broker with sophisticated trading software and very low fees should look at IB. Their range of stocks also can't be beaten."	"eToro is a top pick for traders looking for social investing and copy trading. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer traders."
Pros
Gives day traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40 Proprietary Trader Workstation comes with powerful tools and charting capabilities Regulated by some of the world's most reputable bodies including in US You have a reliable real-time market data feed, that rarely goes offline Diverse payment options and account currencies Commission reimbursement with Toggle AI Low commissions and tight spreads	eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC The online broker offers an intuitive social investment network with straightforward copy trading on cryptos The $10 minimum deposit and straightforward account opening process means beginners can get started quickly A free demo account means new users and prospective traders can try the broker risk-free
Cons
Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day Platform and web interface are complex and difficult for beginners to pick up Accessing products like CFDs is not straightforward compared to competitors The TWS platform falls short in terms of technical charting Mediocre customer support	Average fees may cut into the profit margins of day traders Narrower range of instruments than some competitors No MetaTrader 4 platform integration Execution speeds trail the fastest brokers
Instruments
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants	Stocks, Options, ETFs, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$10
Trading Platforms
AlgoTrader OmniTrader eSignal TradingCentral	Own
Payment Methods
ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer	ACH Transfer Debit Card PayPal Wire Transfer
Minimum Trade
$100	$10
Regulator
SEC, FCA, IIROC, SFC	SEC, FINRA
Margin Trading
Yes	No
Margin Rate
1.55 - 2.59%
STP Account
Yes	No
ECN Account
No	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android & Windows	iOS, Android & Windows
Auto Trading
Capitalise.ai & TWS API	Copy multiple traders simultaneously with the flexibility to pause and stop. Crypto only.
Copy Trading
No	Yes
Copy Trading Platform
	Mirror the positions and strategies of other traders with the eToro US copy trading service. Users can get started in three easy steps - select a trader, enter an amount, and hit copy. Crypto only.
Social Trading
No	Yes
Trade Signals
	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$10
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF	USD
Stock Exchanges
Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange	Dow Jones New York Stock Exchange S&P 500
Commodities
Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
CFD Trading
Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements.	CFD trading not offered
Leverage
1:50
FTSE Spread
0.005% (£1 Min)
GBPUSD Spread
Commission (.20 pts x trade value)
Oil Spread
N/A	NA
Stocks Spread
From 0.003 per share, variable	$0
Forex Trading
Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.	Forex trading not offered
GBPUSD Spread
Commission (.20 pts x trade value)
EURUSD Spread
Commission (.20 pts x trade value)	NA
EURGBP Spread
Commission (.20 pts x trade value)
Assets
70+
Cryptocurrency
Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets.	eToro US leads the way in cryptocurrency trading. 1% fee for buying or selling crypto added to the spread (from 0.75% for BTC), with their own wallet service and the largest number of cryptos to trade in the market. eToro copy trading is only for cryptos. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Spread
Variable	BTC 0.75%
Coins
BTC LTC ETH XRP	BTC ETH BCH DASH LTC ETC MIOTA XLM EOS NEO ZEC XTZ MKR COMP LINK UNI YFI DOGE AAVE ALGO MANA ENJ BAT MATIC FLR SHIBxM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
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