Compare eToro vs IC Markets

Compare eToro vs IC Markets

eToro vs IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, ASIC, CySEC
$200MT4, MT5, cTrader230+ASIC, CySEC, FSA

eToro and IC Markets Comparison

IC Markets is an ECN 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.

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

Quick comparison

eToro - social trading and copy trading on a web trader and apps VS IC Markets - ECN broker with 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 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 1000+ available.
  • IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Bonds, Stocks, ETFs, Metals and Soft Commodities, with 230+ available.

Cryptocurrencies

  • eToro provides Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, NEO, IOTA, Cardano, Stellar, Ethereum Classic, TRON, Zcash, Tezos and Binance Coin.
  • IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Namecoin, Emercoin and Peercoin CFDs.

Spreads and leverage

eToro can offer Forex spreads from 3 (typical) without a commission charge. IC Markets can provide Forex spreads from 1 without a commission charge and from 0 with a commission charge.

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

Commission charge

  • IC Markets charges a commission of $3.50 per lot per side for Forex and Metals on the True ECN account and the cTtrader 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 ?

Trader can actually social and copy trade at either broker. eToro offers a user friendly web trader which integrates social and copy trading tools onto its platform. IC Markets provides social and copy trading in a number of ways including via Myfxbook and ZuluTrade. IC Markets is an ECN broker and provides ECN trading accounts, and aims to deliver rapid order processing with no dealing desk intervention. Automated trading with robots is supported across a range of platform at IC Markets, but is not offered at eToro. eToro has more markets to trade than IC Markets, however IC Markets offers a relatively large number for an ECN broker. Traders who want to trade on MT4 and its successor MT5, as well as trading on cTrader if they wish, can find these platforms at IC Markets. Thus eToro offers support for traders who execute their own trades and those who want to copy the trades of others. IC Markets offers support for these kinds of trading as well, but has a focus on supporting styles such as trading with robots.

Comparison summary

  • Both brokers offer CFD trading
  • At FCA and CySEC regulated eToro, real Stocks and Cryptocurrencies (not CFDs) are available to buy to own
  • 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 has more markets to trade
  • IC Markets offers a relatively large number of markets for an ECN broker

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