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Compare eToro Vs IC Markets: Which is the Better Forex Broker in 2023?

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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:

Compare eToro IC Markets
General Rating 3.87/5
4.23/5
Trustpilot 2.2/5

2 users
4.9/5

24082 users
๐Ÿ’ผ Regulation
โ—Information Testimonials (76), News (47), Articles (9), Promotions (2) Testimonials (549), News (56), Articles (21), Webinars (217)
โŒ› Established 2007 2007
๐Ÿ’ฒ Min Deposit $200 $200
โš– Max Leverage 1:400 1:500
๐Ÿ”ข Spread Fixed Variable
๐Ÿ’ธ Commissions $3.50
๐Ÿ’ก Min Position 0.1 lot 0.01 lot
๐Ÿ’ณ 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
๐Ÿข Office(s) AustraliaCyprusUnited KingdomUnited Arab EmiratesUnited States AustraliaCyprusBahamasChinaEuropean areaHong KongIndiaIndonesiaRussian FederationSpainThailandTurkeyUnited Arab EmiratesUnited Kingdom
๐Ÿงฉ Demo Account
๐Ÿ“ Segregated Account
๐Ÿ•‹ Islamic Account
๐Ÿ‘จโ€๐Ÿ’ป PAMM Account
๐Ÿ“ˆ Managed Account
๐Ÿ’ฑ Hedging
๐Ÿ‡บ๐Ÿ‡ธ US traders
๐Ÿ•› Swaps
๐Ÿ† Trading contests
โšก Automated trading
๐Ÿ’ฐ Bonus offers
๐Ÿ“– Free education
1๏ธโƒฃ One-click trading
โฑ Trailing stop
โณ Pending orders
ForexForex
cfdCFD
IndexesIndexes
Spread BettingSpread Betting
Gold & SilverGold & Silver
CryptoCrypto
stocksStocks
oilOil
MetalsMetals
EnergiesEnergies
FuturesFutures
etfETF
OptionsOptions
AgricultureAgriculture
IndicesIndices
CommoditiesCommodities
BondsBonds
Binary OptionsBinary Options
SharesShares
Physical StockPhysical Stock
CryptocurrenciesCryptocurrencies
๐Ÿ—ฃ 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
๐Ÿšช Trade Now Open eToro Open IC Markets


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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:

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