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Interactive Brokers vs eToro 2021
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Overall Rating
| Feature | Interactive Brokers | eToro |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Research | ||
| Education | ||
| Interactive Brokers Review | eToro Review | |
| Winner | check_circle |
Trading Fees
| Feature | Interactive Brokers | eToro |
|
Minimum Deposit |
£0.00 | £200.00 |
|
Share Trading: 0-9 Deals/ Month |
£3.00 | £0 (Other Fees Apply) |
|
Share Trading: 10-19 Deals/ Month |
£3.00 | £0 (Other Fees Apply) |
|
Share Trading: 20+ Deals/ Month |
£3.00 | £0 (Other Fees Apply) |
|
Annual Custody Fee: £0 - £250,000 |
0% | £0 (Other Fees Apply) |
|
Bonds - Government (Gilts) - Fee |
0.1% (2Euro min) | N/A |
|
ETFs - Fee |
(trade value x .0005) | £0 (Other Fees Apply) |
|
Investment Trusts - Fee |
£4.95 | N/A |
|
Telephone Dealing Fee |
N/A | N/A |
Platforms & Tools
| Feature | Interactive Brokers | eToro |
|
Desktop Platform (Windows) |
Yes | No |
|
Web Platform |
Yes | Yes |
|
iPhone App |
Yes | Yes |
|
Android App |
Yes | Yes |
|
Stock Alerts |
Yes | Yes |
|
Charting - Indicators / Studies |
137 | 66 |
|
Charting - Drawing Tools |
9 | 13 |
|
Charting - Notes |
Yes | No |
|
Charting - Display Corporate Events |
Yes | No |
|
Charting - Stock Overlays |
Yes | Yes |
Research
| Feature | Interactive Brokers | eToro |
|
Research - Shares |
Yes | Yes |
|
Research - CFDs |
Yes | No |
|
Research - Funds |
Yes | No |
|
Fund Research - Research Reports |
No | No |
|
Research - ETFs |
Yes | No |
|
Research - Bonds |
Yes | No |
|
Portfolio Allocation Breakdown |
Yes | Yes |
Investments
| Feature | Interactive Brokers | eToro |
|
Share Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Funds |
Yes | No |
|
ETFs |
Yes | Yes |
|
Bonds - Corporate |
Yes | No |
|
Bonds - Government (Gilts) |
Yes | No |
|
Investment Trusts |
Yes | No |
|
Spread Betting |
Yes | Yes |
|
Advisor Services |
No | No |
Education
| Feature | Interactive Brokers | eToro |
|
Has Education - Share Trading |
Yes | Yes |
|
Has Education - Funds |
No | No |
|
Has Education - Retirement |
Yes | No |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes |
Overall
| Feature | Interactive Brokers | eToro |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Research | ||
| Education | ||
| Interactive Brokers Review | eToro Review | |
| Winner | check_circle |
For our 2021 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare eToro vs Interactive Brokers.
Which broker is less expensive?
Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Interactive Brokers offers better pricing than eToro for share dealing.
Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.
1 Trade Per Month - Both [Broker GT] and [Broker LT] would cost £[Variable LT] per year when only one trade is placed each month.
3 Trades Per Month - eToro is less expensive under this scenario. eToro would cost £75 per year while Interactive Brokers would cost £96.
10 Trades Per Month - eToro is the better choice. Annual fees with eToro would total £75, while annual fees with Interactive Brokers would be £168.
20 Trades Per Month - eToro costs less in this scenario. Total annual costs with eToro would equal £75, while Interactive Brokers would equal £420.
Which broker offers a wider range of investment options?
Interactive Brokers offers a more diverse selection of investment options than eToro. Interactive Brokers offers investors access to ETFs, Funds, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Which platform offers better research?
Our testing concluded that Interactive Brokers is better for research than eToro. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.
Which trading platform is better?
To compare the trading platforms of both eToro and Interactive Brokers, we tested each broker's trading tools and share dealing app. All features compared, Interactive Brokers offers a better share dealing platform.
Overall winner: Interactive Brokers
Read Next: Best UK Trading Platforms 2021
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All pricing data was obtained from a published web site as of 12/24/2020 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
