Comparison between eToro and Interactive Brokers
eToro was founded in Tel Aviv in 2007 and rose to fame as the world’s first social trading platform, enabling users to copy trades and invest using a simple and intuitive interface. As of 2023, eToro claims to have over 32 million registered users worldwide and offers trading in stocks, ETFs, crypto assets, and options for US-based investors.
Comparison between eToro and Interactive Brokers a range of features from the eToro app and website, including a virtual portfolio, an empty watchlist, and a robust discovery page. Unlike other investment providers, eToro does not require a minimum deposit amount and allows users to fund their accounts via partial payment services like PayPal. Similarly, eToro doesn’t charge management, rollover, ticket, or overnight fees. However, eToro does not offer margin trading in the US and lacks some advanced tools that professional traders would expect to see.
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For those who are unfamiliar with investing or trading, eToro provides a number of learning resources to help users understand investment terms and strategies through its newsfeed. It also features a range of curated long-term investment options called “smart portfolios” that are managed by eToro’s team of analysts.
eToro offers a range of investment assets, and its commission structure is competitive with other investment providers. For instance, it does not charge any trading fees for US stocks and ETFs, while fees for CFDs on commodities and currencies are charged in Pip units — a small increment of the price of an asset that represents the smallest change in market value.