General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
- IC Markets
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Security and Rating
Both eToro and IC Markets are highly regulated, but IC Markets has more regulations than eToro. eToro is regulated by CySEC, ASIC, and FCA, while IC Markets is regulated by ASIC, CySEC, FSA, and SCB. eToro has a security rating of 95, which is slightly higher than IC Markets’ rating of 93.
Both eToro and IC Markets offer unlimited demo accounts with virtual funds. The virtual funds of the demo accounts can be restored by contacting customer support. eToro offers $100,000 virtual funds, while IC Markets allows traders to choose the amount of virtual funds (up to $5,000,000).
eToro has a higher minimum deposit requirement than IC Markets. eToro requires a minimum deposit of $200 for most countries ($50 for some), while IC Markets does not have a minimum deposit in place (although they suggest a minimum deposit of $200).
Social Trading and Copy Trading
eToro is the best player at offering copy and social trading, while IC Markets offers copy trading through third-party platforms such as ZuluTrade.
eToro offers a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs. IC Markets offers a range of CFD trading options, including forex, commodities, indices, and crypto assets. eToro offers over 1,050 stocks and 290 ETFs for trading, while IC Markets offers over 1,600 stocks. eToro offers zero-commission real stocks (other fees may apply) and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10. IC Markets charges variable spreads on stocks. eToro offers 80 crypto assets for trading, while IC Markets offers 63 crypto assets.
eToro’s proprietary platform is available via web and mobile devices and is user-friendly, specialized in copy and social trading. IC Markets offers the MetaTrader 4, MetaTrader 5, and cTrader platforms, which are available via desktop, web, and mobile. All the platforms offered by IC Markets allow traders to engage in algo trading. IC Markets also offers VPS services.
Both eToro and IC Markets offer a range of educational resources for traders. eToro provides high-quality education material, including blog articles, fintech guides, and trading videos, webinars, and seminars. IC Markets offers a wide range of educational material, including webinars and podcasts. Customer care is easy to contact via email and live chat for both brokers, with over 18 languages available for IC Markets.
In conclusion, both eToro and IC Markets offer a range of features and benefits for traders. eToro is a good choice for traders who want to invest in a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs, as well as for long-term investments. eToro’s social trading service is also a standout feature. IC Markets is a good choice for traders who want to invest in CFDs and forex trading, as well as for short-term traders. IC Markets’ low spreads and commissions make it a good broker for scalping. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.