Written by ForexBrokers.com
In this head to head comparison of eToro vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro, founded in 2007, stands out as a trusted and popular choice for online trading, backed by a Trust Score of 96 according to ForexBrokers.com. This high rating indicates it is highly trusted by traders. eToro's credibility is further supported by its three Tier-1 licenses and one Tier-2 license, helping ensure its users have secure trading experiences. Additionally, eToro is a publicly traded company, adding an extra layer of transparency and accountability to its operations, though it is not a bank.
In contrast, iFOREX, established in 1996, holds a Trust Score of 75, categorizing it as average risk by ForexBrokers.com. With one Tier-1 license and lacking Tier-2 licenses, iFOREX offers a less extensive regulatory footprint. Unlike eToro, iFOREX is not publicly traded and also not a bank, which can affect the perception of openness and reliability for some traders. Taking these factors into account can help individuals make informed decisions between these two online brokers.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Year Founded | 2007 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, eToro lists a typical variable spread of 1 pip on EUR/USD, which is a bit higher than the industry average, while iFOREX does not publish average spread data. For this category, eToro earns 4.5 out of 5 stars and ranks #23 of 63 brokers on ForexBrokers.com. iFOREX receives 3 out of 5 stars and ranks #62 of 63.
eToro is a market-maker broker, and most traders don’t pick it purely for the tightest spreads; its appeal often lies in social copy trading. That said, its eToro Club VIP program can reduce some account-related costs. The five tiers (Silver to Diamond) cover balances from $5,000 to $250,000 and can include perks such as access to Trading Central, discounted withdrawal and deposit fees, and a dedicated account manager.
With iFOREX, the absence of published average spread figures makes direct cost comparisons harder. Its 3/5 commissions-and-fees rating and #62/63 ranking from ForexBrokers.com indicate it trails eToro and many peers in this area, which is worth weighing if tight, clearly stated spreads are a priority.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro vs iFOREX for range of investments: eToro offers 5,461 tradeable symbols, far more than iFOREX’s 750. Both support forex trading via CFDs/spot contracts, though iFOREX lists more forex pairs (88) than eToro (55). eToro also lets you buy exchange-traded securities—real shares—on both U.S. and international exchanges, which iFOREX does not offer. For crypto, eToro supports buying actual coins as well as crypto derivatives, while iFOREX provides only crypto derivatives. eToro also includes copy trading; iFOREX does not.
Independent ratings back this up: eToro earns 5 stars for Range of Investments and ranks 11th out of 63 brokers at ForexBrokers.com, while iFOREX holds 3.5 stars and ranks 42nd. Choose eToro if you want wider choice plus real stocks, actual crypto, and copy trading; choose iFOREX if your priority is forex and you want more currency pairs.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 750 |
| Forex Pairs (Total) | 55 | 88 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Comparing eToro vs iFOREX for trading platforms and tools: both brokers offer proprietary, web-based platforms and neither provides a Windows desktop app, MT4, MT5, DupliTrade, or ZuluTrade. eToro stands out with a free virtual demo account and built-in copy trading, while iFOREX does not offer a demo or copy trading. For charting, the number of indicators wasn’t specified for either broker, but eToro lists far more drawing tools (161 vs 25). iFOREX supports trading directly from charts, which eToro lacks. For watch lists, iFOREX offers more fields (9 vs 6), which can help with sorting and scanning markets.
Independent ratings favor eToro for platforms and tools: eToro scores 4.5/5 stars and ranks #8 out of 63 brokers at ForexBrokers.com, while iFOREX earns 4/5 stars and ranks #55. If you value a demo account, social copy trading, and deep drawing tools, eToro is appealing. If trading from the chart and more watch list columns matter most, iFOREX has an edge there.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 57 |
| Charting - Drawing Tools (Total) | 161 | 25 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro vs iFOREX: both offer iPhone and Android apps, but their mobile features differ in key ways. eToro supports stock and forex price alerts, synced watchlists that update between the app and your online account, and real-time quotes in custom watchlists. iFOREX lacks these three features. If you manage your portfolio on the go, eToro’s syncing and alerts make it easier to stay on top of moves across devices.
For charting, eToro includes 104 technical studies and lets you switch among multiple time frames like intraday, daily, or weekly. iFOREX does not list available studies and does not support multiple time frames. Neither app saves drawings automatically, and neither supports drawing trendlines. Overall, eToro earns 4.5/5 stars and ranks #10 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while iFOREX earns 4/5 stars and ranks #56, making eToro the stronger pick for most mobile traders.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing eToro vs iFOREX for market research, both brokers deliver daily market commentary and an economic calendar to track upcoming events. Each also offers Trading Central tools and a sentiment gauge that shows the ratio of long vs short positions. Neither broker streams forex news from top-tier wires like Bloomberg, Reuters, or Dow Jones, and neither uses Autochartist.
Where they differ: eToro includes research from TipRanks, while iFOREX does not specify TipRanks access. eToro does not include tools from Acuity Trading, and iFOREX does not specify Acuity either. Based on independent assessments, eToro earns 4.5 stars for Research and ranks 13th out of 63 brokers, whereas iFOREX scores 3.5 stars and ranks 49th. If market research depth matters to you, eToro comes out ahead, while iFOREX covers the essentials.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, eToro clearly stands out compared to iFOREX. eToro offers a variety of over ten educational pieces focused on forex or CFDs, including articles, videos, and archived webinars. They provide online educational webinars at least once a month and maintain a searchable archive of these past sessions for easy access. In contrast, iFOREX falls short by not meeting the ten-piece criteria for forex or CFDs education and does not offer monthly webinars or an archive of them. While both brokers provide at least ten educational videos for beginners, eToro goes a step further with advanced educational content tailored for more experienced traders.
eToro enhances its educational offerings with a comprehensive investor dictionary, defining over fifty investing terms, a feature that iFOREX lacks. These extra resources contribute to eToro's higher education rating of 4.5 out of 5 stars, compared to iFOREX's 3.5 stars. This significant difference is also visible in their rankings by ForexBrokers.com, where eToro is positioned as the 5th among 63 brokers in the Education category, while iFOREX is ranked 53rd. This makes eToro a more appealing choice for beginners seeking substantial educational support in their trading journey.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than iFOREX. eToro finished with an overall rank of #9, while iFOREX finished with an overall rank of #52.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 75 |
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eToro allows users to purchase actual cryptocurrencies as well as cryptocurrency derivatives, whereas iFOREX only offers the option to buy cryptocurrency derivatives, not the actual cryptocurrencies.
When comparing online brokers eToro and iFOREX, eToro provides more versatility by offering ACH and SEPA transfers for depositing and withdrawing funds, alongside mutual support for PayPal, Skrill, Visa, Mastercard, and bank wire options available with both platforms.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | iFOREX | |
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| Trust Score | 96 | 75 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | iFOREX | |
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| Regulation | eToro | iFOREX | |
|---|---|---|---|
| Trust Score | 96 | 75 | |
| Year Founded | 2007 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | iFOREX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 750 | |
| Forex Pairs (Total) | 55 | 88 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | iFOREX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 104 | 57 | |
| Charting - Drawing Tools (Total) | 161 | 25 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | eToro | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | N/A | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | eToro | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | eToro | iFOREX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review |
| Overall | eToro | iFOREX | |
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| Trust Score | 96 | 75 | |
| Winner | check_circle | ||
| Review | eToro Review |
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