Best eToro Alternatives for 2023

The most in depth guide to eToro Alternatives on the Internet.

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.

Top eToro Alternative is IC Markets

Broker
Rating 4/5 4/5 4/5
💻 Trading Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
📋 Instruments Available 5000 2250 100
📈 Stocks Offered 2042 2100 0
💎 Crypto Yes Yes No
💹 Forex Pairs 50 61 35
📈 Commodities 31 20 21
💰 Min Deposit 50 200 10
👱‍♂️ Used By 30,000,000+ users 180,000+ users 1,000,000+ users
📆 Founded 2007 2007 2009
👮‍♂️ Regulation FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its 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, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, 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 74% 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.

eToro Alternatives List

IC Markets
(4/5)
Min Deposit : 200
IC Markets was established in 2007 and is used by over 180000+ registered users. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.
Roboforex
(4/5)
Min Deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ registered users. Losses can exceed deposits Roboforex offers Forex, CFDs.
XM
(4/5)
Min Deposit : 5
XM was established in 2009 and is used by over 3500000+ registered users. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.
XTB
(4/5)
Min Deposit : 0
XTB was established in 2002 and is used by over 581000+ registered users. 81% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.
NordFX
(4/5)
Min Deposit : 1
NordFX was established in 2008 and is used by over 10000+ registered users. Losses can exceed deposits NordFX offers Forex.
Trading212
(3/5)
Min Deposit : 1
Trading 212 was established in 2004 and is used by over 15000000+ registered users. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. Trading 212 offers Stocks, Forex, Commodities, Indices.

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eToro Tradable Financial Assets

eToro Alternatives

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eToro Desktop Computer and Mobile Device Support

Below is an extensive list of the best alternatives to eToro based on our unique 256 point criteria.

Top alternative for eToro is IC Markets

IC Markets is the best alternative broker to eToro. IC Markets has been in operation for over 12 years.

IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

If eToro or IC Markets are not what you are looking for try Roboforex.

With eToro, 74% of retail investor accounts lose money when trading CFDs with this provider.

With IC Markets, Losses can exceed deposits

With Roboforex, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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.

Roboforex, as a brokerage is regulated. This means Roboforex are supervised by and checked for conduct by the RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund

Here are some of the key reasons why traders choose IC Markets and Roboforex over eToro

Broker IC Markets Roboforex XM
Rating (4/5) (4/5) (4/5)
Reg by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Min Deposit 200 10 5
Min Trade 0.01 Lot 0.01 Lot 0.01 Lot
Trading Tools MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Risk Warning Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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.
Learn more Visit IC Markets Visit Roboforex Visit XM

If you want to read more about IC Markets, we have put together an in-depth IC Markets review that explores their platform, spreads, and trading conditions in more detail.

If IC Markets does not match your criteria, have a look at the 10 best eToro alternatives below.

Best eToro Alternatives for 2023


learn more Learn more about IC Markets

Losses can exceed deposits