eToro vs IG Group

Detailed Analysis

These are fundamentally different brokers serving fundamentally different needs. eToro built its reputation on social and copy trading — letting beginners follow and replicate experienced traders. IG Group is the world's oldest and most established CFD and spread betting provider, designed for self-directed traders who want professional tools and deep market access.

Spreads & Trading Costs

We have measured IG Group at 0.72 pips all-in on EUR/USD. We do not yet have an independent measurement for eToro, so we make no cost comparison here rather than repeating the figure it advertises.

Regulation & Safety

IG Group holds five major licences: FCA, ASIC, BaFin, MAS, and CFTC — one of the broadest regulatory portfolios in the industry. eToro holds three: FCA, CySEC, and ASIC. Both provide strong protection for European and UK traders, but IG's CFTC registration and MAS licence extend its reach into the US and Asian markets. For most retail traders, FCA coverage at both brokers provides equivalent protection including FSCS eligibility.

Trading Platforms

eToro operates exclusively through its own platform, which integrates social features, copy trading, and a streamlined trading interface. It does not support MetaTrader or any third-party platform. IG Group offers its proprietary platform, MetaTrader 4, and ProRealTime — providing far greater flexibility for technical analysis, automated trading, and professional charting. The platform choice reflects each broker's target audience: eToro prioritises accessibility and community, while IG prioritises depth and customisation.

Minimum Deposit

eToro requires between $50 and $200 depending on region, while IG Group has no minimum deposit. Despite IG's lower barrier, eToro's social features may attract beginners willing to meet the minimum in exchange for access to copy trading functionality.

Our Verdict