Compare eToro vs IC Markets

Compare eToro vs IC Markets

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

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). eToro offers a way for traders to automate their trading, by copying the traders of other traders. Both brokers are regulated by the ASIC in Australia. eToro is additionally regulated by the FCA in the United Kingdom and the CySEC in Cyprus.

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 Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets provides Forex news, video tutorials and and economic calendar on its website. IC Markets uses Equinix NY4 and London LD5 Data Centres to deliver low latency trading conditions and has micro lot trading.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions.
  • IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type. IC Markets offers EA Lab and EA Analyser, which are tools for building robot and analysing them.

Markets

  • eToro offers Forex, Indices, Energy, Cryptocurrencies, Bonds, Stocks, ETFs and Metals, with 1000+ available.
  • IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Bonds, Stocks, ETFs, Precious 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 and Binance Coin.
  • IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Namecoin, Emercoin and Peercoin CFDs.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Spreads at IC Markets are variable and are from -0.3 (on cTrader) and 0.0 on MT4 with an average of 0.1 for EUR/USD with a commission charge, from 1 for UK100, 0.3 for Gold, and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads (without a commission charge) are from 1, with an average of 1.1.

Maximum leverage for eToro is . Maximum leverage for IC Markets 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.

Platforms

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

Comparison summary

  • IC Markets is an ECN price aggregating broker
  • It can offer low Forex spreads, plus a commission charge
  • eToro does not charge commissions for Forex trading
  • eToro offers copy trading and social trading on its platform
  • IC Markets has support for automated trading with robots on MT4, MT5 and cTrader
  • eToro has more markets, but both brokers have a relatively wide range of markets available
  • IC Markets offers Cryptocurrency CFDs, where the trader does not own the cryptocurrency
  • eToro offers cryptocurrency trading, where the trade does own the cryptocurrency when buying it
  • eToro is FCA, CySEC and ASIC regulated, IC Markets is ASIC regulated

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