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IG vs eToro 2021

Is eToro better than IG? In our analysis of 23 international regulators across 39 brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. IG is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature IG eToro
Overall 5 4.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 4.5
Platforms & Tools 5 4.5
Mobile Trading Apps 5 4.5
Research 5 4
Education 5 4
Trust Score 99 93
IG Review eToro Review
75% of retail CFD accounts lose money 68% of retail CFD accounts lose money
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Regulation

Feature IG eToro
Trust Score 99 93
Year Founded
1974 2007
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
7 2
Tier-2 Licenses
2 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature IG eToro
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses (Average Trust)

Feature IG eToro
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
Yes No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature IG eToro
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) Yes No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature IG eToro
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
19537 3056
Forex Pairs (Total)
100 47
US Stock Trading (Non CFD)
Yes Yes
Int'l Stock Trading (Non CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Cryptocurrency (Physical)
No Yes
Cryptocurrency (CFD)
Yes Yes
Crypto Disclaimer (UK) 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

Feature IG eToro
Average Spread EUR/USD - Standard
0.828 (September 2021) 1 (August 2021)
All-in Cost EUR/USD - Active
0.365 (May 2020) N/A
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
Yes Yes
Execution: Market Maker
Yes Yes

Funding

Feature IG eToro
Minimum Deposit
£250.00 $10-$200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature IG eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature IG eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
14 6
Charting - Indicators / Studies (Total)
32 66
Charting - Drawing Tools (Total)
20 13
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
No Yes

Mobile Trading

Feature IG eToro
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
32 5
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature IG eToro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Autochartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature IG eToro
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature IG eToro
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

Overall

Feature IG eToro
Overall 5 4.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 4.5
Platforms & Tools 5 4.5
Mobile Trading Apps 5 4.5
Research 5 4
Education 5 4
Trust Score 99 93
IG Review eToro Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs IG.

Does eToro or IG offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is eToro or IG safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IG holds 7 global Tier-1 licenses, while eToro holds 2. IG holds 2 global Tier-2 licenses, while eToro holds 1. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than eToro.

Which trading platform is better: eToro or IG?
To compare the trading platforms of both eToro and IG, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. eToro and IG both offer copy trading. IG offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
IG provides traders 100 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while eToro has 3056 available CFDs, a difference of 16,481.

Can I trust eToro?
eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust IG?
IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

Is eToro good?
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.

Is IG good?
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Overall winner: IG

Read Next: Best Forex Brokers 2022


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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.

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IG - 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro is a multi-asset platform that offers investments in stocks and crypto assets as well as trading CFDs. Please note that CFDs are complex instruments and, due to the leverage effect, carry a high risk of losing money quickly. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. The trading history shown is less than 5 complete years and may not be sufficient as a basis for an investment decision. Copy Trading is a portfolio management service provided by eToro (Europe) Ltd. which is authorized and regulated by the Cyprus Securities and Exchange Commission. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

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