eToro vs Interactive Brokers (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
eToro is a well‐regarded forex broker and multi‐asset platform offering broad access to currency markets via web and mobile trading. It provides social trading features, research, and education within an integrated interface…
Interactive Brokers is a well-regarded forex broker providing broad access to currency pairs, advanced trading platforms, and research and risk management tools. It supports multi-asset trading and a wide range of order…
eToro (Israel, founded 2007) holds 3 regulatory licences (ASIC, CySEC, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. Interactive Brokers (United States, founded 1977) holds 15 regulatory licences (ASIC, CBI, CFTC, CIRO, CSSF…), 10 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 211 countries; eToro is available in 6 countries where Interactive Brokers is not, and Interactive Brokers in 7 where eToro is not.
Verdict at a glance
Interactive Brokers leads on trust rank, track record, regulatory coverage, country coverage and tier-1 licences.
Level on platform choice, instrument range and fee level.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
Copy Trading, Professional Trading, Retail Trading
Professional Trading, Retail Trading
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Pros
eToro
Tier-1 regulation (FCA/ASIC/CySEC)
Negative balance protection
Built-in social/copy trading
Multi-asset CFD account
Spread-only FX pricing
Interactive Brokers
Transparent commission-based FX pricing with tight spreads
Aggregated multi-bank liquidity (IDEALPRO)
Professional platforms (TWS) and institutional APIs (FIX/REST)
Advanced risk management with real-time margin analytics
Universal multi-asset account for FX hedging and settlement
Cons
eToro
Higher spreads than ECN/STP brokers
No MT4/MT5 or third-party platform support
Market-maker execution (not true ECN/STP)
No guaranteed stop-loss orders
Withdrawal and currency conversion fees
Interactive Brokers
No MT4/MT5 support
Steep learning curve
Commission-based FX pricing
25k IDEALPRO minimum order size
Limited funding methods
Key features
eToro
CFD forex trading on majors minors and exotics
Regulated by FCA CySEC and ASIC with segregated client funds
Social copy trading CopyTrader and Smart Portfolios
Proprietary web and mobile platform with ProCharts and economic calendar
Risk management orders stop loss take profit and negative balance protection
Two factor authentication and KYC AML security controls
Interactive Brokers
Agency model with direct market access to multiple liquidity providers
Spot forex and forex CFDs across major and minor pairs
Trader Workstation FXTrader with advanced order types and depth of market
Smart order routing and transparent interbank pricing with commissions
FIX and REST API support for algorithmic forex trading
Two factor authentication IB Key and top tier global regulation
Country availability: eToro vs Interactive Brokers
Available at both (211): Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Cabo Verde, Cambodia, Cameroon, Canada, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros and 171 more.
Only eToro (6): Burundi, Libya, Nauru, Nigeria, Sierra Leone, South Sudan.
Only Interactive Brokers (7): American Samoa, China, Ethiopia, Guam, Lebanon, Mali, Nicaragua.
Which has lower fees, eToro or Interactive Brokers?
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Which is older, eToro or Interactive Brokers?
Interactive Brokers is the older of the two, founded in 1977; eToro was founded in 2007.
Are eToro and Interactive Brokers available in the same countries?
They overlap in 211 countries. eToro is additionally available in 6 countries (Burundi, Libya, Nauru, Nigeria, Sierra Leone, South Sudan) and Interactive Brokers in 7 countries (American Samoa, China, Ethiopia, Guam, Lebanon, Mali and 1 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.