eToro vs IC Markets: Comparison and Analysis

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 $50 depending on the country, 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.

Markets

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.

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.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.