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Interactive Brokers vs eToro 2020

Your capital is at risk.
Is eToro better than Interactive Brokers? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than eToro . Professional traders are brilliantly serviced with the trading tools, range of investments, and capabilities of Interactive Brokers. Meanwhile, less-experienced traders can still take advantage of the low commissions and excellent research through the web-based Client Portal platform.

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Overall Rating

Feature Interactive Brokers eToro
Overall 4.5 3.5
Commissions & Fees 4 4
Offering of Investments 4.5 3.5
Platform & Tools 5 3.5
Research 4.5 3.5
Education 3.5 3
Interactive Brokers Review eToro Review
Winner check_circle

Trading Fees

Feature Interactive Brokers eToro
Share Trading: 0-9 Deals/ Month
(trade value x .0005) £0 (Other Fees Apply)
Share Trading: 10-19 Deals/ Month
(trade value x .0005) £0 (Other Fees Apply)
Share Trading: 20+ Deals/ Month
(trade value x .0005) £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 4.5 3.5
Commissions & Fees 4 4
Offering of Investments 4.5 3.5
Platform & Tools 5 3.5
Research 4.5 3.5
Education 3.5 3
Interactive Brokers Review eToro Review
Winner check_circle

For our 2020 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 - eToro is cheaper. eToro would only cost £75 each year while Interactive Brokers would cost £132.

3 Trades Per Month - eToro is less expensive under this scenario. eToro would cost £75 per year while Interactive Brokers would cost £156.

10 Trades Per Month - eToro is the better choice. Annual fees with eToro would total £75, while annual fees with Interactive Brokers would be £360.

20 Trades Per Month - eToro costs less in this scenario. Total annual costs with eToro would equal £75, while Interactive Brokers would equal £660.

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, between eToro and Interactive Brokers, Interactive Brokers is the winner.

eToro Review
Interactive Brokers Review

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All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com 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.

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