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Alternatives
eToro alternatives: 4 brokers to consider in 2026
Brokers worth comparing if eToro is not the right fit, chosen for a specific reason each, using the same checked figures as our reviews.
Quick pick: Pepperstone: MetaTrader, cTrader and TradingView with raw pricing, if you do not need copy trading; IG: its own easy platform plus MT4 and ProRealTime, FCA-regulated.
eToro alternatives compared
| Broker | Why consider it | Min deposit | Platforms |
|---|---|---|---|
| Pepperstone | MetaTrader, cTrader and TradingView with raw pricing, if you do not need copy trading | $0 (minimum top-up $10) | Pepperstone platform, MT4, MT5, cTrader, TradingView |
| IG | Its own easy platform plus MT4 and ProRealTime, FCA-regulated | $0 by bank transfer (IG International); cards from $50 | IG platform, MT4, ProRealTime |
| OANDA | Simple spread-only pricing with TradingView, and US access | None in the US, UK and Australia | OANDA platform, TradingView, MT4, MT5 |
| XM | Very low $5 minimum on MT4 and MT5 | $5 (Standard and Ultra Low) | MT4, MT5, XM app |
Why people look for eToro alternatives
There is no MetaTrader, so Expert Advisors and MT-based tools will not work. If that matters to you, one of the brokers below may suit you better. If it does not, see our full eToro review.
The alternatives in detail
Pepperstone
Why consider it: MetaTrader, cTrader and TradingView with raw pricing, if you do not need copy trading.
Regulation: ASIC, FCA, CySEC, SCB, DFSA, CMA, BaFin. EUR/USD: Razor from 0.0 pips (avg 0.1) + $3.50 per lot per side.
Watch out: TradingView is offered on the Razor account only.
Pepperstone review · eToro vs Pepperstone
IG
Why consider it: Its own easy platform plus MT4 and ProRealTime, FCA-regulated.
Regulation: FCA, ASIC, DFSA. EUR/USD: From 0.6 pips, spread-only.
Watch out: MT5 and cTrader are not on its platform list, so EA traders who need MT5 should look elsewhere.
OANDA
Why consider it: Simple spread-only pricing with TradingView, and US access.
Regulation: CFTC/NFA (US), FCA, ASIC, CIRO. EUR/USD: From 0.6 pips, spread-only (UK).
Watch out: Pricing is spread-only on standard accounts, so very active traders may find raw-plus-commission accounts elsewhere cheaper.
XM
Why consider it: Very low $5 minimum on MT4 and MT5.
Regulation: CySEC (EU company), FSC Belize (global company). EUR/USD: From 0.8 pips.
Watch out: Most non-EU clients join the company licensed in Belize, and in March 2024 the Philippine SEC said XM is not authorised to offer securities to the public there.
FAQ
What is the best alternative to eToro?
It depends on why you are leaving. For lower costs on frequent trading, look at raw-pricing brokers; for stronger protection, choose a company licensed by the FCA, ASIC or an EU regulator; in the US, OANDA and FOREX.com are the CFTC/NFA options we review. Our shortlist: Pepperstone, IG, OANDA, XM.
Is there a broker like eToro for US traders?
Among the brokers we review, OANDA and FOREX.com accept US retail forex clients. Neither has built-in copy trading like eToro's.
How do I switch brokers?
Open and verify the new account first, close positions or let them expire at the old broker, withdraw your balance to the same method you deposited with, and keep statements for tax records.
Related
eToro review · Is eToro regulated? · Forex copy trading explained · Compare all 11 brokers
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