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
4.6
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 forex fees
  • Withdrawing money can be slow
  • Only one account base currency
  • No investor protection
  • No negative balance protection
  • Only forex, CFD and crypto trading
fees
4.2
  • Low trading fees
  • Free stock trading
  • Low CFD fees
  • High forex fees
  • Withdrawal fee
4.3
  • 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
3.7
  • 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
  • Free withdrawal
  • No deposit fee
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
  • No order confirmation
desktop trading platform
3.3
  • 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
1.7
  • 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 irrelevant live chat
education
2.5
  • Demo account
  • Intro guide to the platform
  • Basic educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Well-known fintech startup
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading Forex traders who value easy account opening and free deposit/withdrawal options
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