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Compare Forex Brokers IBFX And eToro


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Subjective Ratings

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IBFX

eToro

Charting: Four and Half star Charting Rating Three and Half star Charting Rating
Execution: Four star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Five star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Three star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Three star Platform Reliability Rating
Customer support: Four and Half star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Zero Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Three and Half star Average Rating

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Business Details

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IBFX

eToro

 
Registered Business Name: Interbank FX, LLC Tradonomi LLC
Broker Headquarters: Utah, USA Cyprus
Also has offices in: London, UK None
Regulated By: NFA Member (0326091)
FCM registered with CFTC
CySEC (Cyprus)
NFA (0382918 eToro USA)
NOT a CFTC-registered FCM
In business since year: 2001 2004
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No Marfin Popular Bank, Cyprus
Collect Taxes on Earnings: 1099 form sent to US-based clients (and IRS) No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Check $0 $0 - US clients only
Discover $20 Not available
MasterCard $20 Not available
Visa $20 Not available
Wire Transfer $0 $25
MethodDeposit FeeWithdrawal Fee
Diners Club
MasterCard
Moneygram
NETeller
PayPal
Visa
Western Union
Wire Transfer
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs Unknown

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Trading Details

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IBFX

eToro

 
Browser platform: None WebTrader
Downloadable platform: IBFX Meta Trader 4 (MT4) eToro (proprietary)
Mobile platform: None WebTrader
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers STP (Straight Through Processing)
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
50:1* No limits $1,000/$5,000,000
Mini Account 50:1* No minimum/$50,000 max $100/$500,000
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1* $50/unlimited 1,000
Swap-free accounts   Yes, but some extra fees apply   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 31    18   
No Dealing Desk Execution: Yes Yes
Typical spread on EUR/USD: 2 pips (0.0002) 3 pips (0.0003)
Fixed spreads: No Yes
Guaranteed stop losses? Orders are executed at best available price. Yes
Trailing Stops: Client-side None
OCO orders available: No No
If/then orders available: No  
Hedging capability: Yes Yes
Automated Trading: Yes No
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. Sun. 21:00GMT - Fri. 20:00GMT
Timezone GMT GMT
Scalping allowed: Yes No, eToro does not allow scalping
Account currencies available: USD USD
Platform languages: Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish Arabic, Chinese, English, Finnish, French, German, Greek, Italian, Japanese, Portuguese, Russian, Spanish, Turkish
Support languages: Chinese, English, Japanese, Portuguese, Spanish Arabic, Chinese, English, Finnish, French, German, Greek, Hindi, Italian, Portuguese, Russian, Spanish, Turkish
Demo account: Unlimited Unlimited
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes - within platform
Interest on Margin: No No
Promotions & tournaments: Credit/Debit cards available to US citizens (does not draw on margin account). Many free trading tools available to clients. 5% bonus on deposits of $20,000 or more.

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