This contrast overview assists customers who struggle to choose between IC Markets and TastyTrade to locate the best online broker for their trading and investment demands. It assesses the highlights of both brokers side by side to assist individuals contrast their service and make a notified choice.
To help users select the right broker in between IC Markets and TastyTrade to find the best-suited platform, listed below is a checklist of broker’s pros and cons, complied with by a comparison of their major trading attributes, including trading platforms & devices, charges, mobile trading, down payment & withdrawal, possessions, law, and client assistance.
IC Markets vs. TastyTrade: Summary
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.
TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.
TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.
The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.
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
Pros
- Low minimum deposit ($0)
- Wide range of futures and options
- Low, variable, and capped trading fees
- Broad range of tools for advanced options and futures traders
- Great research and educational materials
Cons
- No fractional shares available
- Limited instruments compared to other brokers
- High margin rates required
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
Key features
- Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
- Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
- Multiple advanced order types available (good until canceled and good until date)
- Free monthly portfolio analysis
- Support for Expert Advisors and other automated trading software
IC Markets vs. TastyTrade Comparison
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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.
Tastytrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:500 | 5:1 |
| 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 | No | 0 |
| Deposit Fee | No | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | $3.5 per lot | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.2 pips | 0 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 1% open 1% close (max $10 each way) |
| Options | 0 | $1 per contract |
| Conversion Fees | 0.01% | 0 |
| Misc. Fees | 0 | |
| Overnight Fees | 0 | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 2400 |
| ETF & Funds | 40 | 0 |
| Crypto | 0 | 25 |
| Commodities | 0 | 0 |
| Indices | 0 | 7 |
| Options | 0 | 0 |
| Futures | 0 | 83 |
| Bonds | 0 | 0 |
| Forex Instruments | 75 | 0 |
| CFD Indices & Funds | 25 | 0 |
| CFD Stocks | 2100+ | 0 |
| CFD Commodities | 28 | 0 |
| CFD Crypto | 13 | 0 |
| CFD Bonds | 9 | 0 |
| 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 | Spanish | |
| Personal Account Manager |
Winner
IC Markets vs. TastyTrade Comparison Conclusion
The results of our contrast of IC Markets vs. TastyTrade are wrapped up in the table below.
| Broker: | Best For: |
| IC Markets | Forex and CFDs; Algorithmic Trading |
| TastyTrade | Options Trading |
Choosing the best choice in between IC Markets and TastyTrade can be tough. Both on the internet brokers have resemblances however vary relating to trading tools, platforms & apps, guideline, deposit & withdrawals, and study and education. Choosing the most effective broker depends on individuals’ trading & investment objectives, specific choices, 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.