menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

eToro vs IC Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of eToro vs IC Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

eToro
4.5/5 Stars Overall
  • Minimum Deposit: $50-$10,000
  • Trust Score: 96
  • Tradeable Symbols (Total): 7441
IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

eToro vs IC Markets: Both brokers were founded in 2007, and neither operates as a bank. eToro is publicly traded, while IC Markets is privately held. According to ForexBrokers.com, eToro earns a 96/99 Trust Score (90–99 = highly trusted), and IC Markets scores 84/99 (80–89 = trusted). For context, 70–79 is average risk, 60–69 high risk, and below 59 should not be trusted.

On regulation, eToro holds four Tier-1 licenses (considered highly trusted by ForexBrokers.com) and one Tier-2 license (trusted). IC Markets holds two Tier-1 licenses and no Tier-2 licenses. These credentials, along with public listing status, help signal each broker’s overall level of oversight and safety for clients.

Feature eToro logoeToro
IC Markets logoIC Markets
Year Founded info 2007 2007
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3

Fees

Comparing commissions and fees, IC Markets is generally cheaper than eToro for forex. eToro is a market-maker and lists a typical variable spread of 1.0 pip on EUR/USD—slightly above the industry average—with no extra commission on forex/CFDs. Many retail traders choose eToro for its user-friendly social copy trading rather than for the lowest spreads. For commissions and fees, eToro is rated 4.5/5 stars and ranks #23 out of 63 brokers.

IC Markets targets low all-in trading costs. Its Raw Spread accounts average 0.02 pips on EUR/USD; after commission, the all-in cost is about 0.62 pips on cTrader ($3 per side per 100k, $6 round turn) or 0.72 pips on MetaTrader ($3.5 per side, $7 round turn). The Standard account is commission-free with an average 0.62-pip spread. Active traders (100+ standard lots/month) can receive further discounts. IC Markets earned Best in Class for Commissions & Fees in 2024, is rated 5/5 stars, and ranks #5 out of 63 brokers.

Extras to consider: eToro’s VIP Club spans Silver to Diamond for balances of $5,000–$250,000, offering benefits like Trading Central access, discounted deposits/withdrawals, and a dedicated account manager. IC Markets pricing can vary by platform (cTrader vs. MetaTrader) and by entity (Cyprus, Australia, Seychelles). Bottom line: for tighter spreads and low commission pricing, IC Markets typically wins; if you value copy trading and VIP perks over headline spreads, eToro may be the better match.

Feature eToro logoeToro
IC Markets logoIC Markets
Minimum Deposit info $50-$10,000 $200
Average spread (EUR/USD) - Standard account info 1 info 0.62 info
All-in Cost EUR/USD - Active info N/A 0.62 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

eToro offers a wider overall range of investments with 7,441 tradeable symbols versus 3,583 at IC Markets. IC Markets edges out eToro on forex pairs (61 vs. 55), and both brokers support forex trading (CFD or spot, depending on your location). For stocks, eToro lets you buy and own U.S. shares like Apple, while IC Markets does not offer U.S. exchange-traded shares; both provide access to international exchange-traded equities.

Both platforms support copy trading. For crypto, eToro lets you buy real coins as well as trade crypto CFDs, while IC Markets offers crypto CFDs only (no delivered crypto). Reflecting the broader selection, eToro earns 5 stars and ranks #11 out of 63 for Range of Investments, compared to IC Markets’ 4.5 stars and #26 ranking.

Feature eToro logoeToro
IC Markets logoIC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 7441 3583
Forex Pairs (Total) info 55 61
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

eToro and IC Markets both offer free demo (paper) accounts, copy trading, web-based platforms, and the ability to place trades directly from charts. eToro provides a proprietary, in-house trading platform and focuses on a browser experience without a Windows desktop download, and it does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). IC Markets does not have its own proprietary platform, but it does provide a Windows desktop download and supports both MT4 and MT5 alongside its web platform.

For trading platforms and tools, ForexBrokers.com rates eToro at 4.5/5 stars and ranks it #8 out of 63 brokers, while IC Markets earns 4/5 stars and ranks #16. Choose eToro if you want a streamlined, web-first platform with social features; pick IC Markets if you prefer the MetaTrader suite and a Windows desktop option. Both let you test the waters with a demo before trading live.

Feature eToro logoeToro
IC Markets logoIC Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 106 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both eToro and IC Markets offer mobile trading apps for iPhone and Android. Each app supports price alerts to help you track market moves in real time. eToro adds watchlist syncing between mobile and web, so changes update across devices, while IC Markets does not sync watchlists.

For charting, eToro includes 104 technical studies in its app versus 30 with IC Markets. IC Markets, however, lets you draw trendlines and automatically saves chart drawings, features eToro lacks. eToro’s mobile app is rated 4.5 out of 5 stars and ranks #10 out of 63 brokers at ForexBrokers.com, while IC Markets earns 4 stars and ranks #22. In short, choose eToro for more built-in indicators and synced watchlists, or IC Markets if drawing tools and saved annotations matter more.

Feature eToro logoeToro
IC Markets logoIC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Trendlines Autosave info No Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing eToro vs IC Markets for market research, both brokers cover the essentials: daily market commentary, forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, Trading Central tools, sentiment data showing long/short positioning, and a clear economic calendar. The main differences lie in extras. eToro adds TipRanks for analyst ratings and stock insights, while IC Markets includes Autochartist for pattern recognition and trade idea alerts. Neither broker provides Acuity Trading tools.

On overall quality, eToro earns 4.5 stars and ranks #13 out of 63 brokers for Research at ForexBrokers.com, while IC Markets scores 4 stars and ranks #23. If you value analyst-driven stock research and social-style insights, eToro is the stronger pick; if you want automated chart pattern scanning, IC Markets stands out. Either way, both platforms supply reliable day-to-day market coverage and tools to inform your trading.

Feature eToro logoeToro
IC Markets logoIC Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info Yes Yes
TipRanks info Yes No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

If you’re new to trading, both eToro and IC Markets provide beginner-friendly education. Each runs at least one client webinar per month and offers 10+ beginner videos that explain core trading concepts in plain language. As you progress, both brokers also include 10+ advanced videos so you can keep learning without switching platforms.

In side-by-side ratings, eToro has the edge for education with 4.5/5 stars and a #5 ranking out of 63 brokers on ForexBrokers.com, while IC Markets earns 4/5 stars and ranks #16. That makes eToro the stronger choice for beginner education overall, though IC Markets still offers a solid lineup of webinars and videos to learn forex and CFD trading.

Feature eToro logoeToro
IC Markets logoIC Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than IC Markets. eToro finished with an overall rank of #9, while IC Markets finished with an overall rank of #20.

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

Feature eToro logoeToro
IC Markets logoIC Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 96 84
Range of Investments 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with eToro or IC Markets?

eToro vs IC Markets: eToro lets you buy and hold actual (delivered) cryptocurrencies in addition to trading crypto CFDs, while IC Markets offers crypto exposure only via CFDs and does not provide access to delivered coins.

What funding options does each broker offer?

eToro supports ACH/SEPA transfers (IC Markets does not), and both brokers offer PayPal, Skrill, and bank wire options for deposits and withdrawals, while Visa/Mastercard availability is not specified for either.

More Comparisons

eToro vs FXCM eToro vs FxPro eToro vs CMC Markets eToro vs TopFX eToro vs Interactive Brokers eToro vs ThinkMarkets IC Markets vs TMGM IC Markets vs DooPrime IC Markets vs Eightcap IC Markets vs Moneta Markets IC Markets vs ThinkMarkets IC Markets vs Fineco

Show all



announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× eToro
× IC Markets
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating eToro IC Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 96 84
Winner check_circle
Review eToro Review IC Markets Review
Broker Screenshots eToro IC Markets
Broker Gallery (click to expand) info
eToro mobile watchlist eToro web trading platform cryptocurrency watchlist eToro Digest & Invest podcast. eToro academy courses beginners.
IC Markets cTrader mobile app charting IC Markets EU cTrader desktop trading platform layout IC Markets webinar IC Your Trade YouTube video series. IC Markets Educational content blog articles.
Regulation eToro IC Markets
Trust Score info 96 84
Year Founded info 2007 2007
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3
Tier-1 Licenses (Highly Trusted) eToro IC Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) eToro IC Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes info No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments eToro IC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 7441 3583
Forex Pairs (Total) info 55 61
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost eToro IC Markets
Average spread (EUR/USD) - Standard account info 1 info 0.62 info
All-in Cost EUR/USD - Active info N/A 0.62 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding eToro IC Markets
Minimum Deposit info $50-$10,000 $200
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms eToro IC Markets
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No Yes
Trading Tools eToro IC Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 106 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading eToro IC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info No Yes
Research eToro IC Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info Yes No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education eToro IC Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs eToro IC Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review eToro Review IC Markets Review
Overall eToro IC Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 96 84
Winner check_circle
Review eToro Review IC Markets Review
arrow_upward

close
navigate_before navigate_next