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Interactive Brokers vs eToro 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Interactive Brokers better than eToro? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than eToro. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingInteractive BrokerseToro
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Interactive Brokers Review eToro Review
Winner check_circle
InvestmentsInteractive BrokerseToro
ISA Yes No
SIPP Yes No
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 No
Crypto Trading Yes Yes
Advisor Services No No
Trading FeesInteractive BrokerseToro
Minimum Deposit £0.0 £10.0
Share Trading: 0-9 Deals/ Month £3 £0 (Other Fees Apply)
Share Trading: 10-19 Deals/ Month £3 £0 (Other Fees Apply)
Share Trading: 20+ Deals/ Month £3 £0 (Other Fees Apply)
5 trades per year (£30k portfolio) £15 £154
12 trades per year (£30k portfolio) £36 £154
36 trades per year (£30k portfolio) £108 £154
120 trades per year (£30k portfolio) £360 £154
3 fund trades per year (£30k portfolio) £24.75 N/A
Annual Custody Fee: £0 - £250,000 0% £0 (Other Fees Apply)
Annual Custody Fee: £250K-£500K 0% £0 (Other Fees Apply)
Annual Custody Fee: £500,000 - £1m 0% £0 (Other Fees Apply)
Annual Custody Fee: £1m and over 0% £0 (Other Fees Apply)
Bonds - Corporate - Fee 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) N/A
Bonds - Government (Gilts) - Fee 0.1% (2 euro min) N/A
ETFs - Fee £3 £0 (Other Fees Apply)
Investment Trusts - Fee £4.95 N/A
Telephone Dealing Fee 30 USD N/A
Platforms & ToolsInteractive BrokerseToro
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes Yes
Charting - Indicators / Studies 98 66
Charting - Drawing Tools 84 13
Charting - Notes Yes No
Charting - Display Corporate Events Yes No
Charting - Stock Overlays Yes Yes
Charting - Index Overlays Yes Yes
ResearchInteractive BrokerseToro
Research - Shares Yes Yes
Research - CFDs Yes No
Research - Funds Yes No
Fund Research - Research Reports No No
Research - ETFs Yes Yes
Research - Bonds Yes No
Portfolio Allocation Breakdown Yes Yes
EducationInteractive BrokerseToro
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 SummaryInteractive BrokerseToro
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Interactive Brokers Review eToro Review
Winner check_circle
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
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  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
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Interactive Brokers vs eToro Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Brokers vs eToro.

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.

5 trades per year - Interactive Brokers would cost £15 per year, while eToro would cost £154 per year.

12 trades per year - Interactive Brokers would cost £36 per year, while eToro would cost £154 per year.

36 trades per year - Interactive Brokers would cost £108 per year, while eToro would cost £154 per year.

120 trades per year - Interactive Brokers would cost £360 per year, while eToro would cost £154 per year.

3 fund trades per year - Interactive Brokers would cost £24.75 per year, while eToro would cost N/A per year.

Which broker offers a wider range of investment options?

Interactive Brokers offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts, Spread Betting and Crypto Trading, while eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, neither have Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which broker 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 Interactive Brokers and eToro, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Brokers offers a better share dealing platform and Interactive Brokers offers a better stock app for mobile trading.

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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