Compare eToro Vs IC Markets: Which is the Better Forex Broker in 2023?
eToro Vs IC Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between eToro Vs IC Markets, here is the direct comparison:
|❗Information||Testimonials (76), News (47), Articles (9), Promotions (2)||Testimonials (549), News (56), Articles (21), Webinars (217)|
|💲 Min Deposit||$200||$200|
|⚖ Max Leverage||1:400||1:500|
|💡 Min Position||0.1 lot||0.01 lot|
|💳 Payment||Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, WebMoney, Wire transfer and YooMoney||Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer|
|🧩 Demo Account|
|📁 Segregated Account|
|🕋 Islamic Account|
|👨💻 PAMM Account|
|📈 Managed Account|
|🇺🇸 US traders|
|🏆 Trading contests|
|⚡ Automated trading|
|💰 Bonus offers|
|📖 Free education|
|1️⃣ One-click trading|
|⏱ Trailing stop|
|⏳ Pending orders|
|Gold & Silver|
|🗣 Website Languages||Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish||Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish|
|🚪 Trade Now||Open eToro||Open IC Markets|
Amazing platform! I found them just a while ago while...
Definitely a good place for beginners and I have some...
I joined this broker about a year already. Honestly, I...
Etoro is a good platform for beginners to trade and...
I understand that this broker is trying their best to...
Failed to log in...again
Mediocre but okay
How many demo accounts can I create in the IC...
Good Australian broker
See More eToro Testimonials
See More IC Markets Testimonials
eToro Money Updates Service for Token Holders
eToro Gets BitLicense and Money Transmitter Licenses
eToro Expands Services to Brazilian Users
eToro Partners with Bridgeweave to Launch AI Portfolio
eToro Adds Italian Stocks to its Platform
IC Markets President Day Trading Schedule
eToro Gets Approval to Distribute FLR Token
eToro Releases Brand New Portfolio, ValueGurus
Meron Shani Becomes eToro New CFO
See More Related eToro News
See More Related IC Markets News
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, eToro provides their pricing with Fixed spread while IC Markets offers Variable spread.
eToro vs IC Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, eToro enables trading with eToro Platform, eToro Mobile Trader. The offer is supported with One-click trading. In comparison, IC Markets provides trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal with the support of One-click trading, Trailing stop, Pending orders.
Is eToro or IC Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, eToro supports trading with Forex, Gold & silver, CFD, Stocks, Indexes, Soft commodities, Metals, ETF, Crypto, while IC Markets presents the ability of trading with Forex, CFD, Bonds, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to eToro and IC Markets:
- Compare eToro vs FOREX.com
- Compare eToro vs GKInvest
- Compare eToro vs OANDA
- Compare IC Markets vs Dukascopy
- Compare IC Markets vs Axi
- Compare IC Markets vs GOMarkets
For more comparisons, visit this page.