eToro vs IC Markets
Can't decide between eToro and IC Markets? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 10, 2026
Executive Summary
eToro and IC Markets are both well-established forex brokers, but they serve different types of traders. eToro scores 92/100 in our TrustMetrics™ system, while IC Markets leads with 97/100.
On pricing, IC Markets offers tighter EUR/USD spreads (0.02 pips vs 1 pips). eToro supports eToro Custom Platform while IC Markets offers MT4, MT5, cTrader, giving IC Markets more platform options.
For regulation, eToro holds licenses from FCA, ASIC, CySEC, FinCEN while IC Markets is regulated by ASIC, CySEC, FSA. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
IC Markets scores higher in our TrustMetrics system (97/100) compared to eToro (92/100), making it the safer choice.
Lowest Spreads
IC Markets offers better pricing with an average EUR/USD spread of 0.02 pips, beating the 1 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $100, eToro is the more accessible option for new traders.
Detailed Comparison
| Feature | eToro | IC Markets |
|---|---|---|
| Trust Score | 92/100 | 97/100 |
| Spreads From | 1.0 pips | 0.0 pips |
| Avg EUR/USD Spread | 1 pips | 0.02 pips |
| Commission | $0 | $7.00/lot |
| Execution Speed | 50ms | 18ms |
| Max Leverage | 1:30 | 1:500 |
| Minimum Deposit | $100 | $200 |
| Instruments | 3,000+ | 2,250+ |
| Account Types | Retail, Professional | Standard, Raw Spread, cTrader Raw |
| Platforms | eToro Custom Platform | MT4, MT5, cTrader |
| Top Regulators | FCA, ASIC, CySEC, FinCEN | ASIC, CySEC, FSA |
| Withdrawal Speed | 2-5 business days | 1-2 business days |
| Inactivity Fee | $10 per month (after 12 months) | $0 (No inactivity fee) |
| Customer Support | 24/5 Live Chat, Ticketing System | 24/7 Live Chat, Email, Phone |
Which Broker Should You Choose?
eChoose eToro if...
- ✓You are a beginner and value education and simplicity
- ✓Maximum regulatory protection is your top priority
- ✓You value copy trading and social trading
IChoose IC Markets if...
- ✓You need the tightest possible spreads for scalping
- ✓You prefer cTrader's advanced order management
- ✓You are a scalper or algorithmic trader
eToro Pros & Cons
Pros
- ✓ Incredible CopyTrader feature allows you to auto-copy top investors
- ✓ Commission-free real stock and ETF investing
- ✓ Extremely intuitive, user-friendly mobile app
- ✓ Huge community for social sentiment and discussion
Cons
- × High forex spreads (EUR/USD starts at 1.0 pips)
- × $5 flat withdrawal fee
- × No MetaTrader or advanced charting software
- × Account currency is exclusively in USD (conversion fees apply)
IC Markets Pros & Cons
Pros
- ✓ True 0.0 pip spreads during London and NY sessions
- ✓ Industry-leading 18ms execution speed
- ✓ Free Equinix NY4 VPS for active traders
- ✓ No trading restrictions (perfect for EAs)
- ✓ Transparent $6/lot commission on cTrader
Cons
- × No proprietary trading platform or TradingView integration
- × Education section is basic compared to competitors
- × No deposit bonus or welcome offers
The Bottom Line: eToro vs IC Markets
- ✓ Copy Trading
- ✓ Social Trading
- ✓ Crypto Investing
- ✓ Passive Income
- ✓ Lower minimum deposit ($100)
- ✓ Scalping
- ✓ Algorithmic Trading
- ✓ Low Spreads
- ✓ ECN Trading
- ✓ Tighter EUR/USD spreads (0.02 pips)
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
Frequently Asked Questions
Which is safer: eToro or IC Markets?
IC Markets scores higher in our TrustMetrics system (97/100) compared to eToro (92/100), making it the safer choice.
Who has lower spreads: eToro or IC Markets?
IC Markets offers better pricing with an average EUR/USD spread of 0.02 pips, beating the 1 pip average of its competitor.
Which has a lower minimum deposit: eToro or IC Markets?
With a lower minimum deposit requirement of $100, eToro is the more accessible option for new traders.
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