ForTrade vs IC Markets 2026: Which Broker is Better?
ForTrade and IC Markets are two prominent brokers offering diverse trading opportunities, each catering to different trader preferences. ForTrade, with a rating of 3.81/5, appeals to traders seeking a user-friendly proprietary platform alongside MT4, and benefits from regulation by the FCA, ASIC, and CySEC. It is particularly suited for traders who prefer commission-free trading, albeit with slightly wider spreads. In contrast, IC Markets, rated at 3.87/5, is ideal for traders focused on cost efficiency, offering ultra-low spreads from 0.0 pips and fast execution speeds, although it requires a higher minimum deposit and charges a commission.
ForTrade
IC Markets
| ForTrade | IC Markets | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.9/5 |
| Min. Deposit | $100 ✓ | $200 |
| Spread from | 1 pips | 0 pips ✓ |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, ASIC, CySEC ✓ | ASIC, CySEC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, TradingView |
ForTrade is the better choice overall, scoring 4.3/5 vs 3.9/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowForTrade vs IC Markets: Key Differences
ForTrade
WinnerIC Markets
Fees Comparison
ForTrade
IC Markets
BrokerRank Verdict
Who Should Choose Which?
ForTrade
4.3/5
Choose ForTrade if you want…
- Higher overall rating (4.3/5)
- No per-trade commission
- Lower minimum deposit ($100)
- More regulatory licences (6)
IC Markets
3.9/5
Choose IC Markets if you want…
- Tighter spreads (from 0 pips)
- More established (est. 2007)
- More platforms (4 supported)
Also consider
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Both ForTrade & IC Markets are available in
Frequently Asked Questions
1Is ForTrade better than IC Markets?
ForTrade scores higher overall on our independent rating system. ForTrade holds a 4.3/5 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, ForTrade or IC Markets?
ForTrade offers spreads from 1 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for ForTrade vs IC Markets?
ForTrade requires a minimum deposit of $100. IC Markets requires $200.
4Which broker is safer, ForTrade or IC Markets?
ForTrade is regulated by FCA, ASIC, CySEC, CIRO, DFSA, FSC, while IC Markets holds licences from ASIC, CySEC.
5What trading platforms do ForTrade and IC Markets support?
ForTrade supports Proprietary Web, Proprietary Mobile, MT4. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both ForTrade 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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BrokerRank Research
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58% of Brokers Hold a Single Licence
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71% of Retail Traders Lose Money
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76% of Brokers Use Proprietary Platforms
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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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