IC Markets vs eToro
IC Markets scores higher overall (4.6 vs 4.3), but the better choice depends on where you live and how you trade. 60 countries can open an account with both.
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IC Markets
Raw spreads, MetaTrader, cTrader and TradingView in one account (now branded IC).
Side by side
| IC Markets | eToro | |
|---|---|---|
| Overall score | 4.6 / 5 | 4.3 / 5 |
| Founded | 2007 | 2007 |
| Listing | Private | Nasdaq (ETOR) |
| CFDs | Yes | Yes |
| Minimum deposit | From $0 (varies by entity) | Varies by country |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | eToro web platform, eToro mobile app |
| Main regulators | ASIC (Australia), CySEC, FSA (Seychelles) | CySEC, FCA (UK), ASIC (Australia), SEC / FINRA, FSRA (Abu Dhabi) |
| Countries accepted | 189 of 197 | 62 of 197 |
| Best for | Cost-sensitive and algorithmic traders | Investors who want to copy other traders |
Category by category
| Category | IC Markets | eToro |
|---|---|---|
| Regulation & safety | 4.5 | 4.7 |
| Trading costs | 4.9 | 3.7 |
| Platforms & tools | 4.8 | 4.4 |
| Range of markets | 4.4 | 4.2 |
| Ease of use | 4.3 | 4.9 |
Availability
Both brokers accept residents of 60 countries. Only IC Markets is available in 129, and only eToro in 2. Check your country before comparing anything else: the best broker is one that will open an account for you.
Our verdict
Choose IC Markets if you are looking for cost-sensitive and algorithmic traders. Choose eToro if you are looking for investors who want to copy other traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.