eToro
IG
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Overview
eToro was founded in 2007 and is headquartered in Cyprus, UK, while IG was established in 1974 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. eToro serves 20,000,000+ clients worldwide; IG has 178,500+. The minimum deposit is $50 at eToro and $200 at IG.
eToro
IG
| Feature | eToro | IG |
|---|---|---|
| Min. Deposit | $50 | $200 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2007 | 1974 |
| Country | Cyprus, UK | UK |
| Clients | 20,000,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between eToro and IG, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $50 at eToro). eToro charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. eToro applies inactivity fees on dormant accounts; IG does not. Overall, eToro scores higher on fees in our assessment.
| Feature | eToro | IG |
|---|---|---|
| Min. Deposit | $50 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
eToro offers MT4, MT5, cTrader, a proprietary platform, while IG supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. eToro edges ahead on platform breadth and functionality in our scoring.
| Feature | eToro | IG |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | web trader, tablet & mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eToro and IG compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. eToro scores higher overall in education and research.
| Feature | eToro | IG |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eToro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while IG supports 3 (bank transfer, credit/debit card, PayPal). eToro uniquely supports Skrill and Neteller among the two brokers. eToro scores higher on deposit and withdrawal flexibility.
| Feature | eToro | IG |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eToro and IG offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 5 languages. Both brokers are comparable on support quality.
| Feature | eToro | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Spanish, French, and Italian | English, French, German, Spanish, and Portuguese |