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eToro vs IC Markets: Comparison and Analysis

Trying to figure out whether to use eToro or IC Markets? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of eToro and IC Markets side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
77% of retail investor accounts lose money
eToro review
Open Account
74-89% of retail CFD accounts lose money
IC Markets review

Overall Ratings


Rated
77
Rated
91

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • eToro
  • IC Markets

Security 95
Security 93

Cost 70
Cost 85

Trading 68
Trading 100

Education 64
Education 66

Company Info


Foundation
2007
2007
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it
en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

Leverage


Non-EU Leverage ?
30:1
500:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
1:1
0
Canadian Leverage ?
N/A
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
IIROC ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
5529
19551
SimilarWeb - Total Visits
22900
117889
Facebook Likes
4691
54458
Twitter Likes
120000
3276
Instagram Likes
88000
14397

Deposit and Withdrawal


Minimum Deposit ?
10 USD
100 USD
Minimum Withdraw ?
50
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
UnionPay, Rapid Transfer, Sofort
Bpay, Broker to Broker, FasaPay, Klarna, POLi, RapidPay, THAI Internet Banking, UnionPay, Vietnamese Internet Banking, Bitcoin Wallet
Deposit Waiting Time ?
up to 10 minutes
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
USD
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
5.0
0.010
Natural Gas ?
10.0
0.001
Silver ?
5.0
Platinum ?
35.0
Copper ?
2.0
Soybeans ?
1.35
Corn ?
0.6
Gold ?
45.0

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
1
0.1
USD/JPY Average Spread
1
0.2
USD/CHF Average Spread
1.5
0.5
GBP/USD Average Spread
2
0.4
USD/CAD Average Spread
1.5
0.5
AUD/USD Average Spread
1.0
0.2
NZD/USD Average Spread
2.5
0.4
EUR/GBP Average Spread
2
0.4

Fees on Stocks


Apple
0.0
Facebook
0.0
Alphabet
0.0
Snapchat
0.0
BP
0.0
Tesco
0.0
Barclays
0.0
Lloyds
0.0

Fees on Indices


FTSE100
150
1.0
S&P500
75
0.6
Dow Jones
Nasdaq
100
CAC40
200
1.0
DAX30
200
0.950
Nikkei 225
1000
6.0
Euro Stoxx 50
300

Fees on Cryptocurrencies


Bitcoin
1,00%
1
Ethereum
1,00%
4.0
Ripple
1,00%
0.015
Litecoin
1,00%
3.0
Bitcoin Cash
1,00%
5.0
Dash
1,00%
4.0
Monero
1,00%
0
Neo
1,00%
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, it
en, dan, de, ne, pol, afrk, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
47
63
Crypto ?
47
63
Commodities ?
47
21
Stocks ?
957
1650
Indices ?
13
25
ETF ?
145
Futures ?
4
Options ?
Bonds ?
7
Metal ?
4
7
Agricultural ?
3
6
Energies ?
2
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
19
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Crypto, ETF, Penny Stocks, Stocks

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
10$
0.01 lots
Maximum Trade Size ?
20% of the equity
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
67
51
Number Chart Drawing Tools ?
14
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ru
en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

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.

Demo Account

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).

Minimum Deposit

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.

CFD and Forex Trading

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.

Stock Market

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 and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10. IC Markets charges variable spreads on stocks.

Cryptocurrency Trading

eToro offers 174 crypto assets for trading, while IC Markets offers 63 crypto assets.

Platforms

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.

Education

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.

Better Informed
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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