IC Markets vs eToro, Updated for 2022
Read our In-Depth IC Markets vs eToro Review - 2022 Update
This IC Markets vs eToro review has been updated for 2022 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.
So you are looking for a reputable broker and are choosing between IC Markets or eToro. Who is better in 2022?
This IC Markets vs eToro review contains the latest information so you can easily compare eToro against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will get adept at all of the concepts of broker as you keep trading. For starters, you have to choose the ideal broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and eToro are two such companies which will take you and your investment to great heights. It's important 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 need to know about trading with either IC Markets or eToro. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully assess your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and eToro are both brokers which have forged their way successfully to the broker world. Within this review, we have tried to collate a number of the important aspects of both IC Markets and eToro. This review will help you to know whether either eToro or IC Markets is a good match for your investments or not. We have tried to breakdown all the features and charges for your convenience.
Compare IC Markets vs eToro
Every online trading platform will have some ups and downs, and no IC Markets and eToro review would be complete without having a balanced approach. Compare IC Markets and eToro to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and eToro Compared
IC Markets offers a minimum deposit of $200 while eToro offers 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 has around 232 financial instruments whilst eToro has around 232 on their platform.
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 never 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 an online trading platform simply is vital. IC Markets and eToro have the following contact details and social medias that you can use.
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| Broker | IC Markets | eToro |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | support@etoro.com | |
| 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 |
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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.
In this part of our comparison of IC Markets and eToro we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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
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| Broker | IC Markets | eToro |
| Awards |
IC Markets have won several industry awards over the years they have been running as an online broker. We list the most notable awards for IC Markets here.
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eToro have won a lot of industry awards over the time they have been running as a financial broker. We detail the most notable awards for eToro below.
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| Find Out More |
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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 headquaters 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 honest trading on their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs eToro Commission And Fees
IC Markets and eToro are online broker platforms, and most online brokerages charge lower prices 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 is not necessarily affected by the number of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of fees for this objective.
The first kind of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such instances, you are paying a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are charged when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither IC Markets or eToro charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who regularly trade, such as weekly or daily trading.
But, non-trading fees billed by IC Markets and eToro are relatively competitive. As a result, you are billed more for non-trading actions on your trading account, like withdrawal and deposits. These are not related to the purchase and sale of assets.
This IC Markets vs eToro review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And eToro
What Languages Do IC Markets And eToro Support?
Being able to chat completely with your trading platform is a key part of comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you will find all the languages that both IC Markets and eToro offer communication in.
How Many Clients Do IC Markets and eToro Have?
Both IC Markets and eToro are well established with their customer base. It is important to work with a broker that is professional 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 users IC Markets and eToro are working with
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
