Compare eToro vs IC Markets


Online brokers compared for fees, trading platforms, safety and more. See how eToro stacks up against IC Markets!

eToro vs IC Markets
overall rating
4.7
4.4
overall pros
  • Free stock and ETF trading
  • Seamless account opening
  • Social trading experience
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • High non-trading fees
  • Only one account base currency
  • Customer support can be improved
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
fees
4.3
  • Low trading fees
  • Free stock and ETF trading
  • High non-trading fees
4.1
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
3.5
  • Credit/Debit card available
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • $5 withdrawal fee
  • Conversion fee for non-USD deposits
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
web trading platform
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
1.8
  • Forex
  • CFD
  • Crypto
research
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • Analyst recommendations
  • No fundamental data available
  • No/poor quality news flow
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
3.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
  • Live chat is offline quite often
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and not useful live chat
education
2.5
  • Demo account
  • Intro guide to the platform
  • Basic educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos are hard to find on the site
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Well-known innovative fintech firm.
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Long track record
  • Negative balance protection for EU customers
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading Forex and CFD traders who value easy account opening and free deposit/withdrawal options
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