Compare eToro vs ITRADER

Compare eToro vs ITRADER

eToro vs ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$250MT4200+CySEC

eToro and ITRADER Comparison

ITRADER is an MT4 broker, offering a range of markets to trade CFDs. eToro is also a CFD broker, though it can offer non-CFD cryptocurrencies, which are owned by the trader when bought (in CFD trading, the trader does not own the underlying asset, rather speculates on the movement of asset prices).

However eToro's main focus is on being a Social Investment Network. This means it provides on its platform, the means to use social trading tools, up to and including trading automation with copy trading. ITRADER can support automated trading with EAs, available on MT4. Both brokers are CySEC regulated. eToro is additionally regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

eToro - social trading and copy trading VS ITRADER - MT4 broker.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for ITRADER is $250.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. Micro lot trading is offered. An Islamic account is available.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Bonds and ETFs, with 1000+ available.
  • ITRADER offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 200+ available.

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Ethereum Classic, NEO, IOTA, Cardano, Stellar, DASH, TRON, Zcash, EOS and Binance Coin.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash ABC, Ethereum Classic, NEO, IOTA, Cardano, Stellar, DASH, TRON, Zcash, Bitcoin Gold, Monero, Bitcoin SV, Lisk, QTUM, Siacoin, Tether, NEM, Verge, WAVES and Golem CFDs.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.

Maximum leverage for eToro is . Maximum leverage for ITRADER is .

Platforms

eToro offers a Web Trader and apps on tablet and mobile. ITRADER provides MT4 and MT4 apps and a web trader based on MT4.

Comparison summary

  • eToro offers a range of social trading tools on its platform
  • ITRADER is an MT4 broker
  • eToro has support for automated trading, with copy trading
  • In copy trading, the trader can choose to copy the trades of another trader
  • ITRADER clients can use EAs on MT4, which allows trading to be automated
  • eToro has more markets available
  • ITRADER has a range of account types, with improved features for a higher minimum deposit

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