Broker to Trading

IC Markets is a broker which aggregates prices from liquidity providers, providing MT4, MT5 and cTrader. eToro offers a platform which provides social trading, copy trading and thematic investing.

IC Markets provides a trading infrastructure with no dealing desk high speed order execution for automated trading (and scalping and news trading). IC Markets also supports social and copy trading.

eToro offers real Stocks, Cryptos and ETFs to buy to own, in addition to CFDs. Additionally eToro has a staking service (to earn rewards from Cryptos, T&Cs apply) and its eToro Money crypto wallet (where Cryptos can be exchanged). eToro also offers real Stocks to buy with 0% commission.

Both brokers are regulated by the ASIC in Australia, the CySEC in Cyprus and the FSAS in the Seychelles. eToro is additionally regulated by the FCA in the United Kingdom.

Quick comparison

eToro - social trading and copy trading on a web trader and apps VS IC Markets - broker with support for styles such as automated trading, providing MT4, MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for IC Markets is $200.

eToro is a multi-asset Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.

Markets

• eToro offers Forex, Indices, Energy, Cryptocurrencies, Bonds, Stocks, ETFs, Metals and Soft Commodities, with 2000+ available.
• IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Bonds, Stocks, ETFs, Metals and Soft Commodities, with 2500+ available.

Cryptocurrencies

• eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Stellar, Chainlink, Dogecoin, Tezos, Uniswap, Cardano, Binanca Coin, Solana, LUNA, Avalanche, Polkadot, Shiba, Polygon, Cronos, TRON, Cosmos, ApeCoin, Algorand, Ethereum Classic, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Axie Infinity, AAVE, Zcash, IOTA, The Graph, Maker, NEO, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, Fetch.ai and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.
• IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Stellar, Chainlink, Dogecoin, Tezos, Uniswap, Cardano, Binance Coin, Polkadot, Namecoin, Emercoin and Peercoin CFDs.

Spreads and leverage

eToro can offer Forex spreads from 1 (variable) without a commission charge. IC Markets can provide Forex spreads from 0.6 without a commission charge and from 0 with a commission charge.

Maximum leverage for eToro is . Maximum leverage for IC Markets (ASIC or CySEC regulated) is . Maximum leverage for IC Markets (FSA regulated) is 500:1.

Commission charge

• IC Markets charges a commission of $3.50 per lot per side for the MT4 and MT5 Raw Spread accounts while the cTrader Raw Spread account charges a commission of $3 per 100,000 USD traded per side.

Online trading platforms

eToro offers a web trader and apps on tablet and mobile. IC Markets provides MT4, MT5 and cTrader.

Why eToro or IC Markets ?

Traders who want to social and copy trade can try either broker, however eToro integrates social and copy trading into its user friendly platform. Traders who want to use robots for automated trading, can try IC Markets, with allows robots on MT4, MT5 and cTrader. Traders who want to buy real Stocks, Cryptos and ETFs, may do so at eToro. Trader who want to trade 2000+ Stocks CFDs may do so at IC Markets.

Comparison summary

• Both brokers offer CFD trading
• eToro offers real Stocks, ETFs and Cryptocurrencies
• eToro provides a platform with social and copy trading
• IC Markets also offers social and copy trading
• IC Markets provides MT4 and MT5
• IC Markets allows trading with robots (automated trading strategies)
• eToro offers a wide range of real Cryptos, staking and a Crypto wallet