Firstrade
IC Markets
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
In this broker comparison, we examine Firstrade and IC Markets, two distinct platforms catering to different types of traders. Firstrade, with its zero-commission trading on stocks, ETFs, and options, appeals to stock investors seeking a straightforward, cost-effective experience, particularly those with international interests. Conversely, IC Markets attracts forex and CFD traders who value ultra-low spreads, fast execution speeds, and advanced trading platforms like MT4 and MT5. The key difference lies in their market offerings: Firstrade focuses on stocks and options, while IC Markets provides a comprehensive range of forex, CFDs, and cryptocurrencies.
Firstrade
IC Markets
| Firstrade | IC Markets | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.9/5 ✓ |
| Min. Deposit | $0 ✓ | $200 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:2 | 1:500 ✓ |
| Regulation | SEC, CFTC | ASIC, CySEC |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, TradingView |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowFirstrade
WinnerIC Markets
Firstrade
Lower feesIC Markets
Firstrade
3.4/5
Choose Firstrade if you want…
IC Markets
3.9/5
Choose IC Markets if you want…
IC Markets scores higher overall on our independent rating system. Firstrade holds a 3.4/5 rating vs IC Markets's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Firstrade offers spreads from 0 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
Firstrade requires a minimum deposit of $0. IC Markets requires $200.
Firstrade is regulated by SEC, CFTC, while IC Markets holds licences from ASIC, CySEC.
Firstrade supports Proprietary Web, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.