7 Best eToro Alternatives in 2026
Discover the 7 best eToro alternatives in 2026. Compare brokers for stocks, ETFs, copy trading, Forex, fees, platforms, and investment options.
- eToro is trusted. Tested via live trading.
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the brokers based on our analysis:
- 1XTB
broker
- Regulated by several leading financial authorities.
- Variety of methods to deposit funds.
- Wide range of trading assets.
Visit69-80% of retail investors lose money when trading CFDs with this broker
- 2
- Zero commissions on stocks and ETFs.
- Low minimum deposit.
- Convenient and easy-to-use platform.
Visit72% of retail investors lose money when trading CFDs with this broker
- 3
- High reliability and regulation by leading financial authorities.
- A wide range of financial instruments and access to more than 175 markets.
- Low trading commissions and favourable margin lending rates.
VisitTrading CFDs carries high risks. You may lose all invested funds
- 4
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
VisitTrading CFDs carries high risks. You may lose all invested funds
- 5
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
Visit81.7% of retail investors lose money when trading CFDs with this broker
- 6
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
VisitTrading CFDs carries high risks. You may lose all invested funds
- 7
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- A rich set of educational resources and market analysis.
VisitTrading CFDs carries high risks. You may lose all invested funds
- Visit
XTBbroker
Regulated by several leading financial authorities.Variety of methods to deposit funds.Wide range of trading assets.69-80% of retail investors lose money when trading CFDs with this broker
- Visit
Trading 212Zero commissions on stocks and ETFs.
Zero commissions on stocks and ETFs.Low minimum deposit.Convenient and easy-to-use platform.72% of retail investors lose money when trading CFDs with this broker
- Visit
Interactive BrokersHigh reliability and regulation by leading financial authorities.
High reliability and regulation by leading financial authorities.A wide range of financial instruments and access to more than 175 markets.Low trading commissions and favourable margin lending rates.Trading CFDs carries high risks. You may lose all invested funds
- Visit
AvaTradeA wide selection of financial assets.
A wide selection of financial assets.Innovative trading platforms.Highly rated educational resources.Trading CFDs carries high risks. You may lose all invested funds
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PepperstoneWide selection of trading platforms.
Wide selection of trading platforms.Tight spreads and favourable trading conditions.Numerous regulatory licenses.81.7% of retail investors lose money when trading CFDs with this broker
- Visit
XMWide range of trading assets.
Wide range of trading assets.Extensive educational resources.Tight spreads on the Ultra Low account.Trading CFDs carries high risks. You may lose all invested funds
- Visit
LibertexTight spreads and attractive trading conditions.
Tight spreads and attractive trading conditions.Wide selection of trading assets.A rich set of educational resources and market analysis.Trading CFDs carries high risks. You may lose all invested funds
Looking for an alternative to eToro? While eToro is popular for its user-friendly platform, CopyTrader feature, and access to stocks, ETFs, and cryptocurrencies, it may not meet the needs of investors seeking lower trading costs, advanced platforms, automated trading, or broader access to global financial markets.
XTB is our top overall eToro alternative, combining stock and ETF investing with CFD trading through its proprietary xStation platform. Trading 212 stands out for straightforward investing and automated portfolios, while Interactive Brokers offers more advanced tools and access to a wider range of international markets.
For Forex traders, Pepperstone, AvaTrade, XM, and Libertex provide alternatives with MetaTrader support and different trading conditions.
Best eToro Alternatives in 2026
We selected seven alternatives to eToro based on trading costs, regulation, available markets, platform functionality, investment features, and overall suitability for different types of traders.
Unlike eToro, which emphasises social investing and its proprietary trading environment, these brokers offer different combinations of traditional investing, Forex trading, advanced platforms, and automated strategies.
eToro vs Alternatives: Broker Comparison
Compare eToro with alternatives
Choose up to two alternatives from the editorial selection. The reference broker always stays in the comparison.
Only matching known values are hidden. Rows with incomplete data stay visible.
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Showing 9 of 9 parametersShowing 9 of 9 parameters
| Broker |  eToroReference broker |  XTB |  Trading 212 |
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| Broker at a glance | eToro may be suitable for beginners looking for a simple platform and interested in copying the trades of successful traders. | XTB suits experienced traders looking for a reliable broker with a wide selection of instruments and high-quality analytics. | Trading 212 is suitable for beginners thanks to educational materials and a low minimum deposit, and for experienced traders looking for affordability and simplicity |
| Rating | 3.8/5 | 4.2/5 | 4.3/5 |
| Foundation Year | 2006 | 2002 | 2004 |
| Regulated in Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany | United Kingdom, Bulgaria, Cyprus, Australia, Germany |
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| Spread | from 1 points | from 0.5 points | from 0 points |
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| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | Register69-80% of retail investors lose money when trading CFDs with this broker | Register72% of retail investors lose money when trading CFDs with this broker |
Compare eToro with two alternative brokers using the interactive tool above. You can examine differences in trading costs, account requirements, available markets, trading platforms, and other features.
For example, comparing eToro vs XTB can help investors evaluate stock and ETF investing alongside CFD trading. An eToro vs Trading 212 comparison is particularly useful for investors interested in recurring investments and portfolio management.
1. XTB
XTB is a highly regulated broker with licenses from leading bodies such as the FCA, reinforcing its reliability and transparency. This broker offers a wide range of trading products, including currencies, indices, commodities, stocks, and cryptocurrencies, making it a flexible choice for traders of different levels and interests. Various deposit options and advanced analytical support further enhance its appeal against competitors.
XTB suits traders who value regulation and security, those looking for various trading tools, and those who want access to extensive analytical resources. The broker will especially suit active traders who maximize low spreads and product diversity.
Pros and Cons of XTB
Pros
- Regulated by several leading financial authorities.
- Variety of methods to deposit funds.
- Wide range of trading assets.
- Extensive analytical tools and resources.
Cons
- Withdrawal methods are limited.
- Lack of educational materials.
2. Trading 212
Trading 212 is a convenient and modern broker primarily aimed at retail investors and beginner traders. The platform combines ease of use, a low entry threshold, and zero commissions on stocks and ETFs, making it attractive for long-term investing and gradual portfolio building.
The broker is best suited for:
- beginner investors
- users with limited capital
- those who invest in stocks and ETFs
- traders who value a simple interface
Trading 212 is less suitable for active traders and professionals who need tight spreads, advanced platforms (MetaTrader, cTrader), and a wider selection of derivatives.
Pros and Cons of Trading 212
Pros
- Zero commissions on stocks and ETFs.
- Low minimum deposit.
- Convenient and easy-to-use platform.
- Fractional shares.
- No deposit and withdrawal fees.
- Regulation in leading financial jurisdictions.
Cons
- Wide spreads on CFDs.
- No MetaTrader or cTrader.
- Limited analytics.
- No live chat or phone support.
- Currency conversion fee.
3. Interactive Brokers
Interactive Brokers is one of the largest international brokers, offering extensive opportunities for trading and investing in global financial markets. The company combines high reliability, competitive trading conditions and advanced technological infrastructure. Thanks to its many years of experience, international regulation and continuous service development, Interactive Brokers holds a leading position among brokers for self-directed investing.
Interactive Brokers is primarily suited to experienced traders, active investors and professional market participants who value a wide range of instruments, low fees and advanced trading capabilities. The broker is also an excellent choice for long-term investors building diversified portfolios. For beginners, Interactive Brokers is suitable if they are willing to learn a fairly complex trading infrastructure.
Pros and Cons of Interactive Brokers
Pros
- High reliability and regulation by leading financial authorities.
- A wide range of financial instruments and access to more than 175 markets.
- Low trading commissions and favourable margin lending rates.
- Powerful trading platforms and professional analytical tools.
- A wide range of account types and high-quality educational materials.
Cons
- Complex interface and a steep learning curve for beginners.
- Inconsistent quality of technical support.
- Limited choice of deposit and withdrawal methods.
4. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
5. Pepperstone
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
6. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
7. Libertex
Libertex is an established broker with a broad range of instruments and a solid educational base. The Libertex and MT4/MT5 platforms support both self-directed trading and ready-made solutions: copy trading (Libertex Social), model portfolios, and curated investment ideas.
Traders get multiple account types for different styles, competitive costs with zero deposit fees, and convenient funding/withdrawal options. Regular research, an economic calendar, and trading signals help with planning and risk management. A limitation is the absence of fixed-spread and Islamic accounts, which may matter to some investors.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- A rich set of educational resources and market analysis.
- Strong platform lineup: proprietary Libertex and professional MT4/MT5.
- Copy trading and investing in stocks and ETFs are available.
- Instant, fee-free deposits and a wide choice of funding and withdrawal methods.
Cons
- An inactivity fee applies.
- No fixed-spread accounts and no Islamic accounts.
Why Look for an Alternative to eToro?
eToro combines investing, trading, and social features in one platform. However, its approach is not ideal for every strategy.
The most common reasons to consider eToro alternatives include differences in fees, limited third-party platform support, access to financial products, and the availability of automated trading tools.
Trading Platforms and Automation
One of eToro's main limitations is its reliance on a proprietary trading platform.
Although the platform includes charting tools, market analysis, and social investing features, it does not provide native support for MetaTrader 4, MetaTrader 5, or cTrader.
Traders seeking custom indicators, Expert Advisors, strategy testing, or algorithmic trading may prefer other brokers.
Pepperstone supports MetaTrader, cTrader, and TradingView, making it particularly attractive to active Forex traders.
AvaTrade, XM, and Libertex also offer MetaTrader platforms, allowing traders to use automated strategies and customise their trading environment.
However, these platforms can require more experience than eToro's beginner-friendly interface.
Stock and ETF Investing
eToro allows eligible clients to invest in stocks and ETFs, but its investment features and pricing depend on the account's jurisdiction and the instruments selected.
Investors who mainly buy and hold securities may benefit from comparing dedicated investment services.
Trading 212 offers Invest accounts for purchasing real stocks and ETFs, alongside Pies and AutoInvest for building portfolios and making recurring investments.
XTB provides stock and ETF investing in supported markets, as well as Investment Plans that help investors organise and automate portfolio contributions.
Interactive Brokers offers access to international stock exchanges, ETFs, bonds, options, futures, and other financial instruments through a single brokerage account.
For long-term investing, these differences may be more important than social trading features.
Copy Trading and Social Investing
Copy trading is one of eToro's strongest features. Its CopyTrader service allows eligible users to follow selected investors and automatically replicate their transactions.
Not every eToro competitor provides an equivalent service.
AvaTrade offers social and automated copy trading through solutions such as AvaSocial and DupliTrade, subject to regional availability and account eligibility.
XM also offers copy trading services through certain group entities, although these features are not available in every jurisdiction.
Trading 212 provides community-created Pies that investors can copy, but this is different from automatically mirroring every trade made by another investor.
If social investing is your main priority, compare how each service selects traders, allocates capital, manages risk, and charges fees before switching.
Trading Fees and Currency Conversion
eToro's pricing depends on the products traded, the account's jurisdiction, and whether transactions involve currency conversion, spreads, or overnight financing.
Some alternatives may offer more attractive conditions for particular trading strategies.
For example, Trading 212 offers commission-free stock and ETF dealing through its Invest accounts, although currency conversion charges may apply.
XTB offers commission-free stock and ETF transactions up to a specified monthly turnover in supported markets.
Pepperstone provides Standard and Razor account structures, allowing Forex traders to choose between spread-based pricing and raw spreads with separate commissions.
Interactive Brokers uses market- and product-specific commission schedules that may appeal to active investors.
No single broker is necessarily cheaper for every instrument or trading strategy.
Access to Financial Markets
Another reason to seek an eToro alternative is the range of financial products.
eToro offers exposure to stocks, ETFs, cryptocurrencies, currencies, commodities, and other markets, although the availability and legal structure of these products vary.
Interactive Brokers provides broader access to exchange-traded products, including options, futures, and bonds.
Pepperstone and XM concentrate more heavily on Forex and CFD trading, while Trading 212 and XTB can be particularly attractive for stock and ETF investors.
Libertex provides another option for traders interested in Forex, commodities, indices, and CFDs, with additional investment products available through certain entities.
It is important to distinguish between buying an underlying asset and trading a CFD based on its price.
eToro vs Alternatives: Which Has Lower Fees?
The cheapest alternative to eToro depends on whether you primarily invest in stocks and ETFs, trade Forex, or hold leveraged positions.
Comparing advertised trading commissions alone can be misleading because brokers use different pricing models.
Stock and ETF Trading Fees
For investors, Trading 212 and XTB are particularly worth comparing.
Trading 212's Invest pricing includes:
- Trading commission: No broker commission on stock and ETF trades.
- Currency conversion: A 0.15% FX fee when a conversion is required.
- Custody fees: No broker custody fee for its standard Invest service.
XTB offers commission-free stock and ETF trading up to the equivalent of €100,000 in monthly turnover in supported markets. Transactions above the threshold are subject to commissions, and a 0.5% currency conversion cost may apply.
Interactive Brokers has different commission schedules depending on the market, account type, and pricing plan.
When comparing these brokers with eToro, consider the total expense of buying, holding, and eventually selling your investments.
Forex and CFD Trading Fees
For active Forex traders, spreads and commissions are often more important than stock trading fees.
Pepperstone offers a Standard account with spread-based pricing and a Razor account with raw spreads and separate commissions on qualifying instruments.
XM, AvaTrade, and Libertex use different account structures and pricing arrangements, which can vary by instrument and legal entity.
A lower advertised minimum spread does not automatically mean lower trading costs.
For example, a trader using a raw-spread account should include both the opening and closing commissions when calculating the total cost of a position.
Other Fees to Consider
Before moving from eToro to another trading platform, compare:
- Spreads and dealing commissions: Costs associated with opening and closing trades.
- Overnight financing: Charges for holding leveraged positions beyond the trading day.
- Currency conversion: The cost of trading assets denominated in another currency.
- Inactivity fees: Charges that may apply when an account remains unused.
- Withdrawal and deposit fees: Including potential payment-provider and banking charges.
- Market data and platform fees: Particularly relevant for professional trading services.
For long-term investors, recurring currency conversion costs can become significant. For frequent Forex traders, spreads and commissions may have a greater influence on total expenses.
How to Choose the Best eToro Alternative
The best replacement for eToro depends on which features you currently use and which capabilities you want to gain.
For Beginners
Trading 212 and XTB are worth considering for their accessible interfaces and investment-focused features.
Trading 212 may suit beginners who want to purchase stocks and ETFs, invest small amounts regularly, and manage their portfolios through an intuitive mobile application.
XTB combines an accessible trading environment with market research and investment tools, making it relevant to users interested in both investing and active trading.
Both offer alternatives to eToro's proprietary interface, but neither should be considered a direct replacement for its entire social trading ecosystem.
For Stock and ETF Investors
Trading 212, XTB, and Interactive Brokers are the strongest candidates among our selected brokers for investors seeking traditional securities.
Trading 212 focuses on accessible investing, fractional shares, and portfolio automation.
XTB combines stock and ETF investing with additional trading products in supported jurisdictions.
Interactive Brokers offers broader market access and more sophisticated order-management tools, making it suitable for investors who want to build portfolios across multiple international exchanges.
For Copy Trading
AvaTrade is one of the most relevant eToro alternatives for traders who want to continue copying other market participants.
Its available services can include AvaSocial and DupliTrade, with differences in strategy selection, execution, and account eligibility.
XM may also be worth considering where its copy trading service is available.
However, eToro's integrated CopyTrader experience remains distinctive, particularly for users interested in following stock and ETF investors rather than concentrating exclusively on Forex and CFDs.
For Active Forex Traders
Pepperstone, XM, and AvaTrade are suitable candidates for traders seeking dedicated Forex platforms.
Pepperstone stands out for its selection of third-party trading environments and different pricing structures.
XM provides MetaTrader access and educational resources, while AvaTrade combines MetaTrader with additional trading applications.
Libertex is another alternative for traders who prefer a proprietary trading platform but also want access to MetaTrader accounts.
Compare actual spreads, execution conditions, overnight financing, and account requirements before choosing.
For Algorithmic Trading
Pepperstone, XM, AvaTrade, and Libertex support MetaTrader-based environments that can accommodate Expert Advisors.
Pepperstone also provides cTrader-based algorithmic trading and other advanced platform integrations.
For investors who need programmatic access to international securities markets, Interactive Brokers offers APIs and professional trading infrastructure.
These tools provide considerably more flexibility for custom strategies than eToro's standard proprietary platform.
For Global and Professional Investing
Interactive Brokers is particularly suitable for experienced investors who want access to multiple asset classes through one account.
Its trading platforms include Trader Workstation, IBKR Desktop, and mobile applications.
The broker supports trading in products such as stocks, ETFs, options, futures, bonds, and currencies, subject to trading permissions and local regulations.
However, its advanced functionality and account structure may require a greater learning commitment than eToro.
Can eToro Alternatives Replace CopyTrader?
Not necessarily. CopyTrader is an important reason many investors choose eToro, and switching brokers may involve giving up part of that functionality.
The available alternatives serve different purposes:
Platform | Copy trading or portfolio automation |
|---|---|
CopyTrader automatically replicates eligible investors' trades | |
AvaSocial and DupliTrade, where available | |
Copy trading through eligible group entities | |
Community Pies and recurring portfolio investments | |
Investment Plans and automated contributions |
Copying an investment allocation is not the same as copying individual trades in real time.
Investors should also remember that following successful traders does not guarantee future profits. Copied strategies can produce substantial losses, particularly when leverage is involved.
Is eToro Still Worth Using?
eToro remains a reasonable choice for investors who value a straightforward platform, social investing features, and convenient access to several asset classes.
Its CopyTrader service is particularly attractive to users who prefer following other investors rather than developing their own trading strategies.
However, eToro is not necessarily the best solution for experienced traders, algorithmic strategies, or investors who require specialised trading platforms and broader access to exchange-traded instruments.
XTB is our preferred overall eToro alternative, offering a balanced combination of investing features and CFD trading capabilities in supported markets.
Trading 212 is particularly attractive for straightforward stock and ETF investing, while Interactive Brokers offers greater flexibility for experienced global investors.
For Forex traders, Pepperstone, AvaTrade, XM, and Libertex may provide trading environments better suited to technical and automated strategies.
The right decision ultimately depends on the products you trade, the features you need, and the regulatory protections available in your country.
How We Selected the Best eToro Alternatives
We evaluated these brokers using the IamForexTrader review methodology, focusing on reliability and regulation, trading costs, account types, available markets, trading platforms, and customer support.
Unlike a general broker ranking, this selection emphasises features that distinguish each alternative from eToro, including stock and ETF investing, platform flexibility, copy trading, and access to advanced financial instruments.
We also considered the different requirements of long-term investors, beginners, active Forex traders, and professional market participants.
This ranking is designed for an international audience. The availability of brokers, products, trading platforms, and investor protections depends on the legal entity serving your country.
FAQ
What is the best alternative to eToro?
XTB is our top overall eToro alternative because it combines stock and ETF investing with CFD trading and a user-friendly proprietary platform. Trading 212 is particularly attractive for long-term investors, while Interactive Brokers offers advanced tools and broader access to international markets.
Is Trading 212 better than eToro?
Trading 212 may be a better choice for investors seeking straightforward stock and ETF investing, fractional shares, and recurring investments through Pies and AutoInvest. eToro may be preferable for users who value its integrated CopyTrader service and social investing community.
Is XTB better than eToro?
XTB may be a better option for investors looking for stock and ETF investing alongside CFD trading and dedicated market analysis tools. eToro remains more attractive to users whose primary interest is social trading and automatically copying other investors.
Which eToro alternative has lower fees?
Trading 212 and XTB offer competitive stock and ETF investment pricing in supported markets. Pepperstone's Razor account may appeal to active Forex traders seeking raw spreads. However, total costs depend on commissions, currency conversion, spreads, overnight financing, and the products traded.
What is the best eToro alternative for copy trading?
AvaTrade is a strong alternative for copy trading through services such as AvaSocial and DupliTrade, where available. XM also provides copy trading through certain entities. Neither service is identical to eToro CopyTrader, so investors should compare supported assets, fees, and risk-management features.
Which eToro alternatives support MetaTrader 4 or MetaTrader 5?
Pepperstone, AvaTrade, XM, and Libertex support MetaTrader platforms, although platform availability varies by account type and jurisdiction. These brokers may be more suitable than eToro for traders using Expert Advisors, custom indicators, and automated trading strategies.
Is Interactive Brokers better than eToro?
Interactive Brokers may be a better choice for experienced investors seeking global market access, advanced order types, professional tools, and products such as options, futures, and bonds. eToro is generally easier to approach for users focused on social investing and a simpler trading interface.
Can I buy real stocks and ETFs with eToro alternatives?
Yes. Trading 212, XTB, and Interactive Brokers allow eligible clients to purchase real stocks and ETFs. Some other brokers focus primarily on CFDs, which provide price exposure without ownership of the underlying asset. Product availability depends on the account and jurisdiction.
Are eToro alternatives available in the United States?
Not all of them. Interactive Brokers serves eligible US clients, but several other brokers in this ranking do not accept US retail residents. Availability should always be checked directly with the broker before registration.
Can I transfer my investments from eToro to another broker?
Transfer options depend on the asset, account structure, jurisdiction, and receiving broker. Some securities may qualify for supported transfers, while CFD positions and copy trading arrangements generally cannot be moved directly. Confirm transfer eligibility and any related costs before closing positions or requesting a withdrawal.
