eToro vs Interactive Brokers (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

eToro

Trust rank #8 · Founded 2007

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…

Read the eToro review

Interactive Brokers

Trust rank #2 · Editorial rating 10 / 10 · Founded 1977

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…

Read the Interactive Brokers review

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.

eToro vs Interactive Brokers: side-by-side data

CriteriaeToroInteractive Brokers
Editorial ratingNot verified10 / 10
Trust rank#8#2
Founded20071977
HeadquartersIsraelUnited States
RegulatorsASIC, CySEC, FCAASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC
Broker typeMarket MakerDMA
PlatformsProprietaryProprietary
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted217 countries218 countries
Fee levelLowLow
Trading typesCFD TradingCFD Trading, Spot Trading
Best-for use casesCopy Trading, Professional Trading, Retail TradingProfessional 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.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

eToro vs Interactive Brokers: common questions

Which broker is more regulated, eToro or Interactive Brokers?

Interactive Brokers holds more regulatory licences: eToro (ASIC, CySEC, FCA) versus Interactive Brokers (ASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC). Tier-1 licences: eToro 2, Interactive Brokers 10.

Which trading platforms do eToro and Interactive Brokers offer?

eToro offers Proprietary; Interactive Brokers offers Proprietary.

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).

Keep comparing

eToro

Interactive Brokers

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.