Firstrade vs IC Markets 2026: Which Broker is Better?
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 vs IC Markets: Key Differences
Firstrade
WinnerIC Markets
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Fees Comparison
Firstrade
Lower feesIC Markets
BrokerRank Verdict
Who Should Choose Which?
Firstrade
3.4/5
Choose Firstrade if you want…
- No per-trade commission
- No minimum deposit
- More established (est. 1985)
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More market types (6)
- More platforms (4 supported)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Firstrade & IC Markets are available in
Frequently Asked Questions
1Is Firstrade better than IC Markets?
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.
2Which has lower fees, Firstrade or IC Markets?
Firstrade offers spreads from 0 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Firstrade vs IC Markets?
Firstrade requires a minimum deposit of $0. IC Markets requires $200.
4Which broker is safer, Firstrade or IC Markets?
Firstrade is regulated by SEC, CFTC, while IC Markets holds licences from ASIC, CySEC.
5What trading platforms do Firstrade and IC Markets support?
Firstrade supports Proprietary Web, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both Firstrade and IC Markets?
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.
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