IC Markets and eToro are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. IC Markets is regulated by 3 regulatory authorities , including the ASIC, CySEC, FSA. On the other hand, eToro is regulated by 7 regulatory authorities, including SEC, FINRA, FCA, CySEC, FSA-S, SIPC, ADGM. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare IC Markets with eToro regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if IC Markets is better than eToro. This comparison lets you understand which broker is better for your trading style and preferences.
IC Markets vs eToro: In a Nutshell
IC Markets
Founded in 2007 by Andrew Budzinksi, IC Markets is an Australian-based forex and CFD broker offering trading services to institutional and retail traders worldwide. The broker offers 2250+ trading instruments including Forex, commodities, indices, bonds, stocks, futures, and cryptocurrencies. Over the years, the broker has improved in quality and services. It offers true ECN trading with low spreads, high leverage, and fast executions to a global clientele. IC Markets is a multi-asset trading platform of choice for high-volume traders, scalpers, and robots. To learn more, you can read our review on IC Markets where we have covered its features, pros, cons, ratings, and more.
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eToro
eToro is a multi-asset investment company that offers 5000+ trading instruments for clients worldwide. Its headquarters are located in Central Israel. The platform is known for its advanced proprietary social investing and copy-trading platform. eToro is regulated by multiple regulatory authorities including FCA, ASIC, CySEC, FINRA, SEC, and SIPC. etoro is also available on NASDAQ with the FTCV ticker. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro. To learn more, you can read our review on Etoro.
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IC Markets vs eToro: Pros and Cons
IC Markets
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eToro
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IC Markets vs eToro: Side-by-Side Comparison
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IC Markets Vs eToro: Our Scores and Ratings
We rated both brokers, IC Markets and etoro, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
IC Markets :
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eToro:
Final Verdict :
IC Markets and eToro are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for IC Markets is $200., whereas the minimum deposit for eToro is $50. Additionally, the maximum leverage for IC Markets is 1:1000. In contrast, the maximum leverage for eToro is up 30:1 EU, 50:1 USA. IC Markets offers passive investment programs like MAM and PAMM, while eToro does not have any passive investment programs.
Our score for IC Markets is 9.3, and for eToro, it is 9.1 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose IC Markets. However, if you prefer another forex brokers that offer similar services, you may choose eToro.
