Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Interactive Brokers
Regulated in your country Interactive Brokers is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and Interactive Brokers are best suited to, based on what each one actually offers in Australia.eToro is better than Interactive Brokers for crypto traders. Interactive Brokers, on the other hand, is better for day traders, professional traders and scalpers. Both are a good fit for long-term investors, high-volume traders and swing traders.
| Overall score | eToro 81 -2 83 | Interactive Brokers 83 83 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Interactive Brokers.eToro and Interactive Brokers are both regulated in Australia, by ASIC.
| Section score | eToro 100 100 | Interactive Brokers 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Interactive Brokers have in place to protect your money in Australia.eToro and Interactive Brokers both offer segregated client funds and two-factor authentication. eToro also offers additional money insurance.
| Section score | eToro 81 Best 81 Best | Interactive Brokers 73 -8 73 -8 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 1978 |
| Parent company i | eToro Group Ltd | Interactive Brokers Group, Inc. |
| CEO i | Yoni Assia | Milan Galik |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | Agricultural Bank of China, Australia and New Zealand Banking Group, Banco Santander, Bank Hapoalim, Bank of China, Barclays Bank Ireland, Barclays Bank, Euroclear Bank, HSBC Bank, HSBC Continental Europe, ING Bank, ING Belgium, ING Bank Slaski, J.P. Morgan SE, J.P. Morgan Chase Bank, Mizuho Bank, MUFG Bank, NatWest Bank, Oversea Chinese Banking Corporation, Raiffeisen Bank International, Raiffeisen Bank Zrt, Raiffeisenbank a.s., Royal Bank of Canada, Skandinaviska Enskilda Bank, Societe Generale, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation, UBS Switzerland, United Overseas Bank, Wells Fargo Bank |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 3,337,000 |
| Annual revenue i | US$1,340,000,000 | US$6,205,000,000 |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with eToro and with Interactive Brokers in Australia, both on each trade and on holding the account.Interactive Brokers is better than eToro for CFD/FX costs, as Interactive Brokers is cheaper on EUR/USD, at US$2 per lot (against eToro's US$11.2), and does not charge withdrawal fees, unlike eToro. Neither eToro nor Interactive Brokers charges inactivity fees or account maintenance fees.
Interactive Brokers is better than eToro for real stock costs, given that Interactive Brokers charges lower US stock fees, at US$2.1 (against eToro's US$4), and does not charge withdrawal fees, unlike eToro. Neither eToro nor Interactive Brokers charges inactivity fees or account maintenance fees.
| Section score | eToro 55 -36 76 -3 | Interactive Brokers 91 Best 79 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$2 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | US$2 |
| S&P 500 fees (CFD) i | 1.08 points | |
| Gold fees (CFD) i | 0.88 points | |
| Bitcoin fees (CFD) i | US$1,585.8 | |
| US stocks fees (CFD) i | US$0.005 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Commission, Percentage |
| US stocks fees (real) i | US$4 | US$2.1 |
| ETF fees (real) i | Free | US$2.1 |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | US$0.85 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | US$0.65 | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Interactive Brokers in Australia, and of how many instruments each one gives access to.Interactive Brokers is better than eToro for CFD/FX markets, given that Interactive Brokers gives access to 15,000 tradable symbols (against eToro's 7,000), lets you own bonds, funds and forex outright, which eToro does not, and offers futures on indices and commodities, which eToro does not. Both eToro and Interactive Brokers offer CFDs on commodities, crypto, forex, indices and stocks, and let you own crypto, ETFs and stocks outright.
Interactive Brokers is better than eToro for real stock markets, as Interactive Brokers lets you own bonds, funds and forex outright, which eToro does not, gives access to 15,000 tradable symbols (against eToro's 7,000), and offers futures on indices and commodities, which eToro does not. Both eToro and Interactive Brokers let you own crypto, ETFs and stocks outright, and offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | eToro 85 -15 55 -45 | Interactive Brokers 100 Best 100 Best |
|---|---|---|
| Total tradable symbols i | 7,000 | 15,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Indices, Commodities | |
| Options i | Stocks, Indices | |
| Assets you can own i | Crypto, ETF, Stocks | Bonds, Crypto, ETF, Funds, Forex, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Interactive Brokers make available to their clients in Australia.eToro is better than Interactive Brokers for platforms, as eToro offers social trading and copy trading, which Interactive Brokers does not. Both eToro and Interactive Brokers offer a proprietary platform and one-click trading.
| Section score | eToro 84 Best 84 Best | Interactive Brokers 80 -4 80 -4 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Interactive Brokers in Australia, and of what each one lets you do from your phone.eToro is better than Interactive Brokers for mobile trading, given that eToro offers a social trading app and a copy trading app, which Interactive Brokers does not. Both eToro and Interactive Brokers offer a proprietary mobile app and mobile price alerts.
| Section score | eToro 87 Best 87 Best | Interactive Brokers 80 -7 80 -7 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Interactive Brokers allow on their platforms in Australia.Interactive Brokers is better than eToro for CFD/FX trading features, given that Interactive Brokers offers tier-1 liquidity providers, which eToro does not, and allows for scalping and hedging. Both eToro and Interactive Brokers offer negative balance protection and trailing stops.
eToro and Interactive Brokers are close on real stock trading features, as both offer trailing stops and fractional shares. Interactive Brokers goes a step further, as it has a smaller minimum trade size on stocks, at US$1 (against eToro's US$10), and offers tier-1 liquidity providers.
| Section score | eToro 68 -7 85 | Interactive Brokers 75 Best 85 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Interactive Brokers in Australia, and of who each one is meant for.eToro is better than Interactive Brokers for CFD/FX account types, because eToro offers a corporate account, a copy trading account and an unlimited demo account, which Interactive Brokers does not. eToro and Interactive Brokers both offer a demo account and a standard account.
eToro is better than Interactive Brokers for real stock account types, given that eToro offers a corporate account, a copy trading account and an unlimited demo account, which Interactive Brokers does not. Both eToro and Interactive Brokers offer a stock investing account and a demo account.
| Section score | eToro 45 Best 76 Best | Interactive Brokers 41 -4 63 -13 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Interactive Brokers in Australia.eToro is better than Interactive Brokers for account opening, given that eToro supports e-wallets, which Interactive Brokers does not, credits deposits faster, within the same day (against Interactive Brokers' 1 day), and offers debit cards, which Interactive Brokers does not. However, Interactive Brokers does not require a minimum deposit at all (against eToro's US$50).
| Section score | eToro 69 Best 69 Best | Interactive Brokers 60 -9 60 -9 |
|---|---|---|
| Minimum deposit i | US$50 | US$0 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | AUD, EUR, GBP, HKD, USD |
| Deposit waiting time i | Instant | up to 1 business days |
| Withdrawal waiting time i | up to 7 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Interactive Brokers in Australia, in how it can be reached and how fast it answers.eToro is better than Interactive Brokers for customer care, given that eToro offers a dedicated account manager, priority support and call-back requests, which Interactive Brokers does not. Both eToro and Interactive Brokers offer phone support and live chat.
| Section score | eToro 78 Best 78 Best | Interactive Brokers 58 -20 58 -20 |
|---|---|---|
| Number of languages supported i | 7 | 8 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | English | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Interactive Brokers provide to their clients in Australia.Interactive Brokers is better than eToro for learning, given that Interactive Brokers offers a glossary, which eToro does not. Both eToro and Interactive Brokers offer education for advanced traders and webinars.
| Section score | eToro 96 -4 96 -4 | Interactive Brokers 100 Best 100 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Interactive Brokers: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker with copy and social trading.
Stocks Choose eToro if you want a stock brokerage service with copy and social trading.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Interactive Brokers
CFD/FX Choose Interactive Brokers if you want a CFD/forex broker with low trading costs, tight spreads and a wide choice of markets.
Stocks Choose Interactive Brokers if you want a broker for securities investing with a wide choice of markets, TradingView and no minimum deposit.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Interactive Brokers, each scored with the same data and method as this page.
