In this article I will compare eToro and IC Markets and help you identify the right broker for your trading requirements for the year 2025. Both of these platforms are well regulated and widely used, however, each provides different advantages for the trader.
To help you identify which of these brokers is more likely to suit your strategies and objectives, I will compare the brokers in terms of pricing, platforms, available assets, security, and overall efficacy.
What is eToro?
Established in 2007, eToro has become one of the most popular online brokers and social trading platforms across the globe. eToro’s users can trade stocks, crypto, forex, commodities, and ETFs.

eToro’s Copy Trading feature, where users can automatically replicate the investments of successful traders, has made the platform especially popular among beginner traders. eToro has passed the regulations of the FCA, ASIC, and CySEC, which are some of the most respected regulatory bodies.
eToro’s innovativeness has allowed it to provide easy mobile and web trading interfaces, a large social trading community, and commission-free stock trading in most countries and regions, making it one of the most accessible platforms.
What is IC Markets?
Established in 2007, IC Markets is a leading forex and CFD broker, recognized for its low spreads, fast execution, and an institutional-grade trading environment.
Professional and algorithmic traders in particular appreciate its accessibility for trading forex, indices, commodities, bonds, stocks, and cryptocurrencies.

IC Markets supports advanced trading automation through Expert Advisors (EAs) and automated strategies offered on its cTrader and MetaTrader 4 and MetaTrader 5 platforms.
Regulated by CySEC, ASIC, and FSA, IC Markets shows dedication to Transparency and client fund protection. Thanks to deep liquidity and high-speed connectivity, IC Markets is best suited for high-frequency traders, scalpers, and traders looking for tight spreads along with superior execution.
Key Differences: eToro vs IC Markets
| Feature | eToro | IC Markets |
|---|---|---|
| Founded | 2007 | 2007 |
| Best For | Beginners, Social & Copy Trading | Professional, Scalping & Algo Traders |
| Trading Assets | Stocks, ETFs, Crypto, Forex, Commodities | Forex, CFDs on indices, commodities, bonds, crypto |
| Trading Platforms | eToro Proprietary Platform | MT4, MT5, cTrader |
| Social Trading | ✅ Yes (major feature) | ⚠️ Limited (third-party solutions) |
| Fees Structure | Mostly spreads-based, zero stock commissions | ECN/Raw spreads + low commissions |
| Minimum Deposit | $50–$200 (region dependent) | $200 (Standard & Raw accounts) |
| Spreads | Wider spreads | Very tight ECN spreads |
| Order Execution | Market Maker | True ECN/STP |
| Regulation | FCA, CySEC, ASIC, etc. | ASIC, CySEC, FSA |
| Crypto Trading | ✅ Yes | ⚠️ Limited availability |
| Demo Account | ✅ Yes | ✅ Yes |
Trading Platforms
| Feature | eToro | IC Markets |
|---|---|---|
| Own / Proprietary Platform | ✅ Yes (Web & Mobile Platform) | ❌ No |
| MetaTrader 4 (MT4) | ❌ Not Supported | ✅ Yes |
| MetaTrader 5 (MT5) | ❌ Not Supported | ✅ Yes |
| cTrader | ❌ Not Supported | ✅ Yes |
| Social / Copy Trading | ✅ Built-in CopyTrader | ⚠️ Through third-party providers |
| Algorithmic Trading | ✅ Limited (via CopyPortfolios & tools) | ✅ Full support on MT4/MT5/cTrader |
| Web Trading Interface | ✅ Yes | ✅ Yes |
| Mobile App | ✅ Yes | ✅ Yes |
Fees & Commissions
| Feature | eToro | IC Markets |
|---|---|---|
| Inactivity Fee / month | $10 | $0 |
| Deposit Fee | $0 | $0 |
| Withdrawal Fee | $5 | $0 |
| Rollover Fee – EUR/USD Buy 1 Lot | -0.00008269 | -0.62 |
| Rollover Fee – EUR/USD Sell 1 Lot | 0.00001841 | 0.41 |
| Average EUR/USD Spread (Standard Account) | 0.97 pip | 1 pip |
| Gold Spread | 4.5 | 1 |
| Brent Oil Spread | 5 pip | 5 pip |
| Bitcoin Spread | 102.71 | 42.036 |
Licenses
| Feature | eToro | IC Markets |
|---|---|---|
| Licenses & Regulators | FCA (UK)CySEC (EU)ASIC (Australia)FSA (Seychelles) | ASIC (Australia)CySEC (EU)FSA (Seychelles) |
| Countries Supported (Short Info) | Available in 100+ countries (US crypto-only). Not available in some regions due to regulations. | Available in 100+ countries. Limited in US, Canada, and some restricted regions due to regulations. |
Markets & Instruments
| Feature | eToro | IC Markets |
|---|---|---|
| Forex Pairs | 52 | 60 |
| Indices | 21 | 23 |
| Commodities | 32 | 19 |
| Cryptocurrencies | 74 | 10 |
| Shares / Stocks | 3,203+ | 120+ |
| Bonds | ❌ | ✅ 9+ |
| Options | ❌ | ❌ |
| Binary Options | ❌ | ❌ |
| Spread Betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ✅ 4 |
| ETFs | ✅ 325+ | ❌ |
Security and Trust
eToro
- Multiple Tier 1 authorities regulate it — the Financial Conduct Authority (UK), Australian Securities and Investments Commission (ASIC, Australia), and Cyprus Securities and Exchange Commission (CySEC, EU) — credibility and regulatory oversight multiplies.
- Client funds are segregated — This means user funds are set apart from the broker’s operational funds.
- Offers two-factor authentication (2FA) and other standard industry security measures to protect accounts.
- Having a large global user base and public track record increases trust, transparency, and goodwill.
✅ IC Markets
- Regulated by ASIC (Australia), CySEC (Cyprus) and the Seychelles Financial Services Authority (FSA) for specific entities — compliance in several jurisdictions is maintained.
- Client funds are kept in segregated accounts with tier-one banks, ensuring enhanced security.
- Advanced institutional-grade execution infrastructure is in place for additional professional trading reliability.
- Clear and regular audits are conducted, with operational transparency and risk disclosures.
Pros & Cons
Pros & Cons eToro
Pros
- Social and copy trading features are good for starters
- Many stocks, ETFs, and cryptocurrencies
- Commission-free stock trading (in a lot of different areas)
- Trading platform and mobile app are easy to use
- Excellent regulation (FCA, CySEC, ASIC)
Cons
- Larger spreads than ECN brokers
- No MT4/MT5 (limits for pro traders)
- $10 inactivity fee
- $5 withdrawal fee
- Little advanced technical and automated trading tools
Pros & Cons IC Markets
Pros
- Spreads and commissions are very low
- MT4, MT5, cTrader support — great for algo traders
- Quick execution with great liquidity (awesome for scalping)
- No fees for inactivity or withdrawals
- Strong support for pro traders and EAs
Cons
- No effective social or copy trading
- Limited crypto & stock CFDs
- No trading on a proprietary platform — might be less friendly to beginners
- New traders face a steeper learning curve
Conclusion
Both brokers are well respect and regulated. However, they are designed for serve different types of traders. For people just starting, eToro is the better choice, as well as for casual investors for easy access to stock and crypto and especially social trading features with CopyTrader.
It is designed for learning as well. eToro also has an easy to use the platform. In contrast, IC Markets is for serious forex and CFD traders.
These are traders looking for a strong environment for scalping/automated trading with fast execution, MT4/MT5/cTrader support, and needing tight spreads. To summarize, use eToro if you want simplicity and community trading. Use IC Markets if you want low-cost, advanced forex trading.
FAQ
Which broker has lower spreads and trading costs?
IC Markets offers significantly tighter spreads and low commissions, making it better for active forex and CFD traders.
Does eToro support MT4 or MT5?
No, eToro uses its own proprietary trading platform. IC Markets supports MT4, MT5, and cTrader.
Which broker is better for beginners?
eToro is better for beginners due to its user-friendly platform, social trading features, and wider asset variety including stocks and crypto.
Who regulates eToro and IC Markets?
Both are regulated by top-tier authorities including ASIC and CySEC. eToro additionally holds FCA regulation in the UK.
Can US traders use eToro or IC Markets?
eToro offers crypto trading in the US, but IC Markets does not accept US clients.


