Is eToro better than IC Markets? In our analysis of 23 international regulators across 39 brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.
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eToro vs IC Markets 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | eToro | IC Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 93 | 86 |
| eToro Review | IC Markets Review | |
| 68% of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money | |
| Winner | check_circle |
Regulation
| Feature | eToro | IC Markets |
| Trust Score | 93 | 86 |
|
Year Founded |
2007 | 2007 |
|
Publicly Traded (Listed) |
No | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
2 | 1 |
|
Tier-2 Licenses |
1 | 1 |
|
Tier-3 Licenses |
0 | 1 |
|
Authorised in the European Union |
Yes | No |
Tier-1 Licenses (High Trust)
| Feature | eToro | IC Markets |
|
ASIC Authorised (Australia) |
Yes | Yes |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
No | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | No |
|
CFTC Registered (USA) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | eToro | IC Markets |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
Yes | Yes |
|
CBI Authorised (Ireland) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
No | No |
|
SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | eToro | IC Markets |
| SCB Authorised (Bahamas) | No | Yes |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | eToro | IC Markets |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
3056 | 3583 |
|
Forex Pairs (Total) |
47 | 61 |
|
US Stock Trading (Non CFD) |
Yes | No |
|
Int'l Stock Trading (Non CFD) |
Yes | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Cryptocurrency (Physical) |
Yes | No |
|
Cryptocurrency (CFD) |
Yes | Yes |
| Crypto Disclaimer (UK) | 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
| Feature | eToro | IC Markets |
|
Average Spread EUR/USD - Standard |
1 (August 2021) | 0.62 (August 2021) |
|
All-in Cost EUR/USD - Active |
N/A | 0.62 (August 2021) |
|
Active Trader or VIP Discounts |
Yes | Yes |
|
Execution: Agency Broker |
Yes | Yes |
|
Execution: Market Maker |
Yes | Yes |
Funding
| Feature | eToro | IC Markets |
|
Minimum Deposit |
$10-$200 | $200 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes |
|
Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | eToro | IC Markets |
|
Proprietary Platform |
Yes | No |
|
Desktop Platform (Windows) |
No | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
No | Yes |
|
MetaTrader 5 (MT5) |
No | Yes |
|
cTrader |
No | Yes |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | Yes |
Trading Tools
| Feature | eToro | IC Markets |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
6 | 7 |
|
Charting - Indicators / Studies (Total) |
66 | 30 |
|
Charting - Drawing Tools (Total) |
13 | 15 |
|
Charting - Trade From Chart |
No | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
Mobile Trading
| Feature | eToro | IC Markets |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | No |
|
Charting - Indicators / Studies |
5 | 30 |
|
Charting - Draw Trendlines |
No | Yes |
|
Charting - Trendlines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | No |
|
Forex Calendar |
No | Yes |
Research
| Feature | eToro | IC Markets |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
No | Yes |
|
Autochartist |
No | Yes |
|
Trading Central (Recognia) |
Yes | Yes |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | Yes |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | eToro | IC Markets |
|
Has Education - Forex or CFDs |
Yes | Yes |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes |
|
Videos - Beginner Trading Videos |
Yes | No |
|
Videos - Advanced Trading Videos |
Yes | No |
|
Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | eToro | IC Markets |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | eToro | IC Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 93 | 86 |
| eToro Review | IC Markets Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs IC Markets.
Does eToro or IC Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.
Is eToro or IC Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. eToro holds 2 global Tier-1 licenses, while IC Markets holds 1. Both eToro and IC Markets hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than IC Markets.
Which trading platform is better: eToro or IC Markets?
To compare the trading platforms of both eToro and IC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. eToro and IC Markets both offer copy trading. IC Markets offers MetaTrader 4 (MT4), while eToro does not.
How many forex pairs and CFDs are available to trade?
IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while eToro has 3056 available CFDs, a difference of 527.
Can I trust eToro?
eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).
Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).
Is eToro good?
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.
Is IC Markets good?
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
Overall winner: eToro
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
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eToro is a multi-asset platform that offers investments in stocks and crypto assets as well as trading CFDs.
Please note that CFDs are complex instruments and, due to the leverage effect, carry a high risk of losing money quickly. 68% 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.
Past performance is not an indication of future results. The trading history shown is less than 5 complete years and may not be sufficient as a basis for an investment decision.
Copy Trading is a portfolio management service provided by eToro (Europe) Ltd. which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
