This comparison guide aids individuals that have a hard time to choose between Forex.com and IC Markets to locate the best online broker for their trading and financial investment needs. It evaluates the highlights of the two brokers side-by-side to help customers contrast their solution and make an informed decision.
To aid customers select the right broker in between Forex.com and IC Markets to find the best-suited system, below is a listing of broker’s benefits and drawbacks, complied with by a contrast of their major trading attributes, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, assets, guideline, and client assistance.
Forex.com vs. IC Markets: Summary
Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.
Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.
Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
Pros
- Low minimum deposit ($100)
- Low average spread from 0.74 pips EUR/USD
- Advanced charting features and performance analytics
- Award Winning Mobile trading app
- Professional customer support
Cons
- Educational videos are missing
- MT5 available outside of US only
- Limited assets available on MT5
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Key features
- Competitive trading fees
- Compatibility with MT4 and MT5
- 5500 tradable symbols and 4550 CFDs overall
- Award winning mobile trading app
- Advanced charting and performance analytics available
- Great combination of ease of use and personal customisation
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
Forex.com vs. IC Markets Comparison
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Forex.com
IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:50 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | No |
| Deposit Fee | 0 | No |
| Inactivity Fee | $15 per month (after 12 months) | 0 |
| Cost Per Trade | 0 | $3.5 per lot |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.8 pips | 1.2 pips |
| Stocks & ETF | 0 + spread | 0 |
| CFD (Gold) | 0.8 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0.50% | 0.01% |
| Misc. Fees | 0 | |
| Overnight Fees | 2.50% | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $200 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 40 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 91 | 75 |
| CFD Indices & Funds | 17 | 25 |
| CFD Stocks | 9500 | 2100+ |
| CFD Commodities | 22 | 28 |
| CFD Crypto | 8 | 13 |
| CFD Bonds | 0 | 9 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Forex.com vs. IC Markets Comparison Conclusion
The outcomes of our comparison of Forex.com vs. IC Markets are involved the table below.
| Broker: | Best For: |
| Forex.com | Forex and CFD trading and MT4 |
| IC Markets | Forex and CFDs; Algorithmic Trading |
Choosing the best choice between Forex.com and IC Markets can be challenging. Both online brokers have similarities however differ regarding trading instruments, platforms & apps, law, deposit & withdrawals, and research study and education and learning. Selecting the most effective broker depends upon users’ trading & investment objectives, individual preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.