FXCM vs IC Markets 2026: Which Broker is Better?
In the competitive world of forex trading, FXCM and IC Markets stand out with distinct offerings catering to different types of traders. FXCM, with its headquarters in London and over 25 years of experience, appeals to beginners and those seeking a platform with robust educational resources and automated trading support, although it comes with an inactivity fee and limited product range. On the other hand, IC Markets, based in Sydney, offers ultra-low spreads and fast execution, making it ideal for experienced traders who prioritise cost-efficiency and advanced trading platforms like MT4, MT5, and TradingView, despite a higher minimum deposit and less educational content. Both brokers are regulated by reputable authorities, ensuring a secure trading environment.
FXCM
IC Markets
| FXCM | IC Markets | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 3.9/5 ✓ |
| Min. Deposit | $50 | $200 ✓ |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC | ASIC, CySEC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT4, MT5, TradingView |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.7/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFXCM vs IC Markets: Key Differences
FXCM
WinnerIC Markets
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Fees Comparison
FXCM
IC Markets
BrokerRank Verdict
Who Should Choose Which?
FXCM
3.7/5
Choose FXCM if you want…
- No per-trade commission
- Lower minimum deposit ($50)
- More established (est. 1999)
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More market types (6)
Also consider
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Both FXCM & IC Markets are available in
Frequently Asked Questions
1Is FXCM better than IC Markets?
IC Markets scores higher overall on our independent rating system. FXCM holds a 3.7/5 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, FXCM or IC Markets?
FXCM offers spreads from 0.2 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FXCM vs IC Markets?
FXCM requires a minimum deposit of $50. IC Markets requires $200.
4Which broker is safer, FXCM or IC Markets?
FXCM is regulated by FCA, ASIC, while IC Markets holds licences from ASIC, CySEC.
5What trading platforms do FXCM and IC Markets support?
FXCM supports MT4, Proprietary Web, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both FXCM 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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