Top Lists for USACompare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
Quick Verdict
Interactive Brokers is the winner in this comparison, outperforming eToro USA after we recorded hundreds of data points and ran hands-on tests, earning it the higher overall rating and our recommendation.
| Feature |  Interactive Brokers |
 eToro USA |
|---|---|---|
Interactive Brokers (IBKR) is a leading brokerage offering access to over 170 markets in 40 countries and a range of investment services. With 40+ years in the industry, this Nasdaq-listed company follows strict regulations by the SEC, FCA, CIRO, SFC, Europe and beyond, making it a trusted global trading broker. | eToro is a platform for social investing that provides options for both short and long-term trading on stocks, ETFs, options, and crypto. The platform is recognized for its easy-to-use, community-oriented interface and reasonable fees. Used by millions globally with a string of awards, eToro is a reputed name in the industry. Trading on eToro is facilitated by eToro USA Securities, Inc. | |
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Stocks, Options, ETFs, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $50 |
| Trading Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | eToro Trading Platform & CopyTrader |
| Payment Methods | ACH Transfer, Automated Customer Account Transfer Service, Cheque, TransferWise, Wire Transfer | ACH Transfer, Debit Card, PayPal, Wire Transfer |
| Minimum Trade | $1 | $10 |
| Regulator | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS | SEC, FINRA |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | USD |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | The IBKR Mobile app for iOS and Android allows you to access your IBKR accounts, monitor portfolios, execute trades, and view real-time quotes and charts. Its user-friendly design is ideal for new traders, offering a simpler experience compared to the more complex TWS platform. | |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 5.5% - 6.13% (depending on account tier) | |
| Account Types | STP, DMA, MAM, Demat | |
| AI / Machine Learning | ✓ | ✓ |
| Robo Advisor | ✓ | ✗ |
| Negative Balance Protection | ✗ | ✗ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✗ |
| Auto Trading | TWS API | ✗ |
| Copy Trading | ✗ | ✓ |
| Copy Trading Platform | Copy the positions and strategies of up to 100 traders with eToro US copy trading. You can pause or stop copied trades anytime. Copy a position for $1 after the $200 minimum to start. In the US, eToro copy trading is available only for crypto. | |
| Social Trading | ✗ | ✓ |
| Trade Signals | ✗ | |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✓ | ✓ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $10 |
| Islamic Account | ✗ | ✗ |
Forex Trading | ||
IBKR offers more than 100 major, minor, and exotic forex pairs, more than almost any other option except CMC Markets. Forex trading is available on multiple platforms with institutional-grade spreads starting from 0.1 pips and over 100 complex order types, like brackets, scale, and one-cancels-all (OCA) orders. | ||
| GBPUSD Spread | 0.08-0.20 bps x trade value | |
| EURUSD Spread | 0.08-0.20 bps x trade value | |
| EURGBP Spread | 0.08-0.20 bps x trade value | |
| Assets | 100+ | |
Cryptocurrency Trading | ||
IBKR allows you to buy and retain Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with low commission fees and no need for a crypto wallet. You can also explore additional assets such as crypto indices, including the NYSE Bitcoin Index, and futures contracts like the BAKKT Bitcoin Futures. | eToro US provides a limited selection of crypto assets after a September 2024 agreement with the SEC about unregistered securities. eToro charges a 1% buying/selling fee on top of the spread. Coins are also available via the broker’s wallet service. You can switch between live and demo modes to practice crypto strategies. Crypto asset investing is highly volatile and unregulated, with no consumer protection. Taxes may apply to profits. | |
| Crypto Spread | 0.12%-0.18% | BTC 0.75% |
| Crypto Coins | BTC, LTC, ETH, XRP | BTC, ETH, BCH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |
Interactive Brokers
eToro USA