IC Markets vs eToro, Updated for 2023
IC Markets Rating
Losses can exceed deposits
67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies
IC Markets vs eToro Guide
Read our In-Depth IC Markets vs eToro Review - for 2023
This IC Markets vs eToro review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs eToro review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Compare IC Markets vs eToro
Every online trading system will have a few pros and cons, and no IC Markets and eToro review would be complete without showing both sides. Compare IC Markets and eToro to understand how they line up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between IC Markets or eToro. Who should you choose?
This IC Markets vs eToro comparison contains the latest information so you can easily compare eToro against IC Markets.
If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You will get proficient at all of the concepts of brokerage as you keep trading. For starters, you need to select the ideal agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and eToro are two such platforms which will take you and your investment into great heights. It's crucial to compare IC Markets vs eToro before you trust them with your cash.
Our IC Markets vs eToro comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and eToro side by side.
Our entire IC Markets vs eToro Review covers all you will need to learn about trading with either IC Markets or eToro. A good agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investing goals.
There is no sure-fire way to ensure profits; thus, you should carefully assess your broker before you select them. It's a common misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and eToro are both brokers which have forged their way successfully to the broker world. Within this review, we've tried to collate a number of the important facets of both IC Markets and eToro. This review can allow you to know whether either eToro or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your advantage.
Benefits of IC Markets and eToro Compared
IC Markets offers a minimum deposit of $200 while eToro has a $50 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and eToro compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets allows you to trade around 232 financial instruments while eToro has around 232 financial instruments available.
The more instruments you can trade on the IC Markets and eToro trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or eToro.
IC Markets and eToro Contact Details
Being able to contact a broker simply is a sign of a professional broker. IC Markets and eToro have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000||24th floor, One Canada Square, Canary Wharf, London, E14 5AB|
|IC Markets Twitter Account||eToro Twitter Account|
|IC Markets Facebook Page||eToro Facebook Page|
|IC Markets Instagram Account||eToro Instagram Account|
|IC Markets LinkedIn Page||eToro LinkedIn Page|
|YouTube||IC Markets YouTube Channel||eToro YouTube Channel|
|Find Out More||
eToro and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing IC Markets and eToro will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IC Markets vs eToro - Awards
IC Markets have won several industry awards over the years they have been operating as a financial broker. We show the most notable awards for IC Markets here.
eToro have won several industry awards over the years they have been operating as a financial broker. We detail the most notable awards for eToro here.
|Find Out More||
IC Markets vs eToro - Frequently Asked Questions
IC Markets vs eToro - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
eToro was founded in 2007 and has its head office in Cyprus, UK.
What is the minimum deposit for eToro or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for eToro is $50.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and eToro are a good choice.
IC Markets vs eToro - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and eToro have a powerful set of rules for ensuring fair trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs eToro Commission And Fees
IC Markets and eToro are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you are paying a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither IC Markets or eToro charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who often exchange, such as weekly or daily trading.
But, non-trading fees billed by IC Markets and eToro are relatively higher. As a result, you're charged more for non-trading activities on your trading account, like withdrawal and deposits. These are not related to the purchase and sale of resources.
This IC Markets vs eToro review for 2023 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And eToro
What Languages Do IC Markets And eToro Support?
Being able to communicate easily with your trading platform is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Below you can find the languages that both IC Markets and eToro support.
How Many Clients Do IC Markets and eToro Have?
Both IC Markets and eToro are well established with their client base. It is really important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many clients IC Markets and eToro are working with
|Clients / Users||60,000+||20,000,000+|
|Find Out More||
What Payment Methods Do IC Markets and eToro Accept?
IC Markets and eToro both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and eToro
What Can You Trade With IC Markets and eToro?
IC Markets offers 232 trading instruments while eToro offers 100.
Below you will find a full breakdown of what both IC Markets and eToro offer.
Compare IC Markets To All Other Brokers
Compare eToro To All Other Brokers
IC Markets Review
IC Markets vs eToro:
Table Of Contents
- Compare IC Markets vs eToro
- Benefits of IC Markets and eToro Compared
- eToro and IC Markets Mobile App Comparison
- IC Markets vs eToro - Awards
- IC Markets vs eToro - Frequently Asked Questions
- What is the minimum deposit for eToro or IC Markets
- IC Markets vs eToro - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And eToro
- What Languages Do IC Markets And eToro Support?
- How Many Clients Do IC Markets and eToro Have?
- What Payment Methods Do IC Markets and eToro Accept?
- What Can You Trade With IC Markets and eToro?