Comparing eToro and Interactive Brokers

Online brokers differ from each other in several ways such as trading platforms, products, fees, and security. Choosing the right one for you will depend on your personal profile, investment objectives, and trading style. To help you make an informed decision, we have created this guide to highlight the main differences between eToro and Interactive Brokers.

Comparing eToro and Interactive Brokers is a popular choice among traders looking to trade CFDs (contracts for difference), which allow you to speculate on price movements without actually owning the underlying asset. This feature makes eToro a great option for beginners or those looking to reduce their risk exposure.

The platform also offers a range of cryptocurrencies as well as stocks and ETFs, which can be traded both as CFDs and as real assets. In addition to its traditional offerings, eToro has a social feed where users can interact with each other and share ideas. It was one of the first brokers to pioneer “social investing”.

Fees & Commissions (How They Make Money)

eToro and Interactive Brokers both offer competitive pricing, but the exact amount you will pay depends on your trading volume and the type of account you have. Both brokers have a flat monthly fee for accounts with more than $100,000 in assets, as well as a transaction fee on each buy or sell order. In addition, both brokers charge a currency conversion fee, deposit/withdrawal fees, and inactivity fees.

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