Alternatives to eToro
Written By
James Barra
Written By
James Barra
Edited By
Jemma Grist
Edited By
Jemma Grist
Fact Checked By
William Berg
Fact Checked By
William Berg
Updated
Jul 2, 2024
Here we list the best alternatives to eToro. Traders that are looking for brokers that are similar to eToro on specific features should check the detailed comparison table below.
Top 3 Alternatives to eToro
These brokers are the best alternatives to eToro that also accept traders from your location. The brokers are listed in order of similarity in terms of markets and features.- Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- Dukascopy - Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 1,200+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders.
- FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
Detailed Comparison
| Feature | eToro | Interactive Brokers | Dukascopy | FOREX.com |
|---|---|---|---|---|
4.1
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4.3
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3.6
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4.5
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| Bonus | 10% Equity Bonus | Active Trader Program With A 15% Reduction In Costs | ||
| Instruments | Stocks, ETFs, Options, Crypto | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | Forex, Stocks, Futures, Futures Options |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $100 | $0 | $100 | $100 |
| Payment Methods |
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Debit Card, ACH Transfer, Wire Transfer |
| Minimum Trade | $10 | $100 | 0.01 Lots | 0.01 Lots |
| Trading Platforms |
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| Regulator | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | FINMA, JFSA, FCMC | NFA, CFTC |
| Margin Trading | Yes | Yes | Yes | Yes |
| Margin Rate | 1% | 1.55 - 2.59% | ||
| STP Account | Yes | Yes | No | Yes |
| ECN Account | No | No | Yes | Yes |
| DMA Account | No | Yes | Yes | Yes |
| MAM Account | No | Yes | No | No |
| PAMM Account | No | No | Yes | No |
| LAMM Account | No | No | No | No |
| Demat Account | No | No | No | No |
| AI / Machine Learning | Yes | Yes | No | Yes |
| Robo Advisor | No | Yes | No | No |
| Negative Balance Protection | Yes | Yes | Yes | Yes |
| Market Maker | Yes | No | No | No |
| P2P Trading | No | No | No | No |
| Spot Trading | Yes | Yes | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | iOS & Android | |
| Trading App | eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. |
The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
Dukascopy continues to stand out in the mobile trading arena with an easy-to-use app that offers short-term trading on popular assets, including forex, stocks, and indices. It offers trading signals, price alerts, and over 50 technical indicators, outperforming most competitors’ charting tools. With 24/7 in-app support, it’s a top choice for serious mobile traders. |
Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love. |
| Auto Trading | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | Capitalise.ai & TWS API | Yes (EAs & FIX APIs) | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | No | No | No |
| Copy Trading Platform | eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. The latest 'Live Trades' feature also offers real-time insights into the securities being bought by the platform's popular investors. | |||
| Social Trading | Yes | No | No | No |
| Trade Signals | Yes | Yes | ||
| VPS Hosting | No | No | No | Yes |
| Tournaments | No | No | No | No |
| Demo Competitions | No | No | No | No |
| Ethical Investing | Yes | Yes | No | No |
| Custodial Account | No | No | No | No |
| Guaranteed Stop Loss | No | No | No | No |
| Inactivity Fee | $10 | $0 | CHF 100 | $15 |
| Islamic Account | Yes | No | Yes | Yes |
| Account Currencies |
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| Stock Exchanges |
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| Commodities |
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| CFD Trading | You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. | Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. | Dukascopy offers highly leveraged CFD trading up to 1:200. A wide selection of asset classes are available, including currencies, equities, commodities, ETFs and cryptos. Spreads are tight starting from 0.1 pips and traders get 24/7 support that performed well during testing. However, the real standout is the security provided by trading CFDs through a multi-regulated broker and Swiss bank | CFD trading not offered |
| Leverage | 1:50 | 1:200 | 1:50 | |
| FTSE Spread | 1.5 | 0.005% (£1 Min) | 100 | 1.0 |
| GBPUSD Spread | 1.9 | 0.08-0.20 bps x trade value | 0.1 | 1.3 |
| Oil Spread | 0.05 | 0.25-0.85 | 0.1 | 2.5 |
| Stocks Spread | 0.57 (Apple) | 0.003 | 0.1 | 0.14 |
| Forex Trading | An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. | With 60+ currency pairs available, Dukascopy offers ample majors, minors and exotics, complete with its tight spreads from 0.1 pips, access to MT4, plus the broker’s own JForex softwarem which shined during testing for its clean workspace and customization capabilities. | FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets. |
| GBPUSD Spread | 1.9 | 0.08-0.20 bps x trade value | 0.1 | 1.3 |
| EURUSD Spread | 0.9 | 0.08-0.20 bps x trade value | 0.1 | 1.2 |
| EURGBP Spread | 1.3 | 0.08-0.20 bps x trade value | 0.4 | 1.4 |
| Assets | 55 | 100+ | 60+ | 80+ |
| Crypto Trading | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. | Dukascopy facilitates day trading on popular cryptos like Bitcoin against the US Dollar. You can go long or short with leverage up to 1:5. Unusually, clients of Dukascopy are also protected to the tune of CHF 100'000 in the event of brokerage insolvency. | Crypto trading not offered |
| Crypto Spread | BTC 1% | 0.12%-0.18% | 0.1 | BTC 1.4%, ETH 2% |
| Crypto Coins |
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| Crypto Lending | No | No | No | No |
| Crypto Mining | No | No | No | No |
| Crypto Staking | No | No | No | No |
| Crypto Auto Market Maker | No | No | No | No |