eToro Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If eToro does not match your requirements we explain the top eToro alternatives and eToro competitors in this guide.
The best alternative for eToro is IC Markets or Roboforex.
When searching for a eToro alternative, there are a few things you need to check. The eToro trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top eToro alternatives and competitors feature by feature further below this eToro alternatives guide.
If you are looking for a trading platform that offers similar features to eToro or eToro. Or if you are looking for features that eToro does not offer that you require when trading, we will show you the best eToro alternative options below.
We highlight the pros and cons of each eToro alternative. Maybe you are looking for better customer service from a eToro alternative or more competitive eToro fees and more financial instruments to trade.
We have listed some reasons why eToro may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- eToro does not allow hedging (See brokers for Hedging here)
- eToro does not offer Guaranteed Stop Loss (See eToro alternatives who offer Guaranteed Stop Loss here)
- eToro does not allow Scalping (See brokers for scalping here)
- ECN accounts are not offered by eToro (Look here for eToro alternatives offering ECN accounts)
- eToro does not offer MT4 (See eToro alternatives offering the MT4 trading platform here)
- MT5 is not offered by eToro (find eToro alternatives that offer the MT5 trading platform here)
- cTrader is not offered by eToro (find eToro alternatives offering the cTrader trading platform here)
- eToro does not offer Micro accounts (Check here for eToro alternatives offering micro accounts)
- eToro have inactivity fees (See eToro alternatives who don’t have inactivity fees here)
- eToro have withdrawal fees (See eToro alternatives who don’t have withdrawal fees here)
Top eToro Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★★☆ 4/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 7000 | 2250 | 12000 |
| 📈 Stocks Offered | 7246 | 2100 | 8484 |
| 💎 Crypto | Yes | Yes | No |
| 💹 Forex Pairs | 65 | 65 | 40 |
| 📈 Commodities | 67 | 28 | 100 |
| 💰 Min Deposit | 50 | 200 | 10 |
| 👱♂️ Used By | 40,000,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2007 | 2007 | 2009 |
| 👮♂️ Regulation | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076, eToro (ME) Limited (ADGM) Abu Dhabi (UAE) number 220073, eToro (Europe) Ltd (AMF) Autorité des marchés financiers as a digital assets provider France | International Capital Markets Pty Ltd (Australia) (ASIC) Australian Securities & Investments Commission Licence No. 335692, Seychelles Financial Services Authority (FSA) (SD018), IC Markets (EU) Ltd (CySEC) Cyprus Securities and Exchange Commission with License No. 362/18, Capital Markets Authority(CMA) Kenya IC Markets (KE) Ltd, Securities Commission of The Bahamas (SCB) IC Markets (Bahamas) Ltd | RoboForex Ltd is authorised and regulated by the Financial Services Commission (FSC) of Belize under licence No. 000138/32, under the Securities Industry Act 2021, RoboForex Ltd is an (A category) member of The Financial Commission, also RoboForex Ltd is a participant of the Financial Commission Compensation Fund |
| 🌍 HQ | Cyprus, UK | Australia | Belize |
| 🚫 Excluded Countries | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH |
| Risk Warning | 46% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature eToro alternative comparison, you can scroll further down here.
