IC Markets vs FXOpen
| IC Markets | FXOpen |
|---|---|
4.8
|
3.7
|
 Traders from US not accepted
|
Traders from US not accepted
|
|
IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries. |
Established in 2005, FXOpen is a multi-regulated broker that has attracted over 1 million traders. Designed for active trading, it provides access to a growing selection of more than 700 markets and supports high-frequency trading, scalping, and all forms of algorithmic trading using expert advisors (EAs). |
| Customer Reviews | |
|
4
Based on 2 IC Markets customer reviews
|
5
Based on 9 FXOpen customer reviews
|
| Promotions | |
|
Compete In The ForexCup Trading Championship For Your Chance To Win $50,000 |
|
| Comment by Reviewer | |
| "IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders." | "FXOpen is ideal for high-volume traders, offering fast execution through its ECN trading infrastructure, spreads from 0 pips, and discounted commissions as low as $1.50 per lot." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $200 | $100 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, CySEC, FSA, CMA | FCA, CySEC, FC |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| Yes | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| App Review | |
IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive. |
The FXOpen Trading App is a user-friendly mobile app for trading 700+ global markets. With real-time data, level 2 pricing, live charts, and financial news, it’s been refined over the years to deliver one of the highest Android app store ratings we’ve seen – a testament to its top-notch user experience. |
| Android App Rating | |
4.2 |
|
| iOS App Rating | |
3.1 |
5 |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. | FXOpen’s PAMM Copy Trading service empowers investors to mirror the strategies of experienced traders, offering a transparent, performance-driven model that combines flexibility, automated profit-sharing, and account oversight. |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Signal Start | Yes |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $10 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
|
|
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike. | FXOpen has a compelling CFD offering, complete with 700+ underlying assets, from shares and indices to currencies, commodities, cryptos, and an expanded range of ETFs. With access to top-tier tools, especially since adding TradingView in 2022 and improving its TickTrader platform, FXOpen provides a complete CFD trading experience. |
| Leverage | |
| 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | 1:30 (EU, UK), 1:1000 (Global) |
| FTSE Spread | |
| 1.0 | 0.7 |
| GBPUSD Spread | |
| 0.23 | 0.4 |
| Oil Spread | |
| 0.03 | 0.04 |
| Stocks Spread | |
| 0.02 | 0.40 (Apple) |
| Forex Trading | |
| IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. | |
| Forex App | |
IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps. |
|
| GBPUSD Spread | |
| 0.23 | 0.4 |
| EURUSD Spread | |
| 0.02 | 0.2 |
| EURGBP Spread | |
| 0.27 | 0.5 |
| Assets | |
| 75 | 50+ |
| Cryptocurrency | |
| IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access high leverage up to 1:200 in the MetaTrader platforms. | FXOpen offers over 40 crypto CFDs, including crypto-only pairs, as well as tokens paired with fiat currencies such as GBP, USD and JPY. You can trade crypto CFDs with 1:2 leverage and choose between three order types (market, limit, and stop) with scripts also available to auto trade crypto. |
| Spread | |
| BTC 42.036 | 9.0 (BTC) |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|