Intro
eToro is one of the world’s largest social trading platforms and a multi asset brokerage serving millions of clients globally. Established in 2007 in Israel, eToro is regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
eToro USA LCC does not offer CFDs, only real Crypto assets available.
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
At the time of writing, eToro was not listed on any stock exchange but the company plans to go public in the second half of 2022 the earliest and its shares will be listed on the NASDAQ.
In addition to being a leading social trading platform, eToro has carved a niche for itself as a great zero-commission stockbroker and a good platform for crypto trading. In this article, we collected a handful of brokerages we deem good alternatives to eToro .
All the online trading platforms included in this article allow clients to take advantage of leverage to trade complex instruments online. Retail investor accounts are at risk of losing money rapidly when trading with leverage, so do your research and get to know the service providers well.
Best eToro Alternatives for 2022
How to pick eToro's competitors
We see two ways for doing this:
- Based on objective factors such as products offered, client profile, fee structure, backed up by BrokerChooser’s methodology.
- The other, more individual - and some might say more subjective - selection is based on a mix of factors rooted in the specific needs of a given investor.
Best eToro Alternatives for 2022
eToro competitors based on objective factors
Top 2 competitors for eToro
The top two competitors of eToro that we identified using our methodology have similar product, service and fee portfolios.
Here are our picks for the top 2 eToro alternatives.
XTB
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XTB is a great CFD broker regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.
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The broker is recommended for clients who prefer forex or CFD trading and want to enjoy great deposit and withdrawal options along with fast account opening
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XTB's forex CFD fees are low, while many European clients can enjoy commission-free stock and ETF trading up to a €100,000 monthly trade volume.
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On the other hand, the product portfolio is mainly limited to CFDs, research tools are basic and there’s an inactivity fee
Click here to read our XTB review
Trading 212
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Trading 212 is a CFD broker regulated by the UK’s FCA, the Bulgarian FSC, and CySEC in Cyprus. Customers have access to commission-free stock and ETF trading as well.
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The broker is a good choice for those interested in investing in equities or trading leveraged CFD products, using a great trading platform.
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At Trading 212, most CFD fees and non-trading fees are low and the broker offers user-friendly trading platforms.
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However, the product selection is thin and forex fees are relatively high.
Click here to read our Trading 212 review
Overview of the top 4 eToro competitors
And now, let’s see a short summary of further eToro alternatives we collected based on the BrokerChooser methodology.
| Broker | Summary | Recommended for |
|---|---|---|
| XTB | XTB is a global CFD broker listed on the Warsaw Stock Exchange. XTB is regulated by many financial authorities globally, including the top-tier FCA. | Forex and CFD traders looking for low fees and great deposit/withdrawal servic |
| Trading 212 | Trading 212 is a CFD broker regulated by the UK's FCA, the Bulgarian FSC, and the Cypriot CySEC. Customers have access to commission-free stock and ETF trading as well. | Equity investors and CFD traders looking for easy-to-use trading platforms |
| IG | IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA in the UK | Traders of any experience looking for an easy-to-use trading platform |
| Markets.com | Markets.com is a global CFD and forex broker regulated by the UK's FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. It is operated by Playtech, a subsidiary that is on the London Stock Exchange | Traders looking to venture into CFD trading |
IG
IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's FCA and Germany's BaFin. IG Group is listed on the London Stock Exchange.
IG has one of the best web trading platforms that BrokerChooser tested. Deposit and withdrawal conditions are great, withdrawals are free of charge and the inactivity fee is charged only after 2 years.
On the other hand, forex and stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could also be better.
Markets.com
Markets.com is a global CFD and forex broker regulated by several financial authorities, including CySEC in Cyprus and the UK's FCA.
At Markets.com, the account opening is seamless and fast, deposit and withdrawal are free of charge and an easy-to-use web trading platform.
On the other hand, forex trading fees are high and the product selection covers mostly CFDs and forex.
Best eToro Alternatives for 2022
eToro competitors based on individual factors
We selected a number of brokers that we consider to be good alternatives to eToro based on more subjective factors.
Click on the links below to see a direct comparison with eToro.
eToro vs Freetrade I eToro vs Plus500I eToro vs Robinhood I eToro vs Binance I eToro vs Hargreaves Landon
Risk disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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