FXCM
IC Markets
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
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
WinnerIC Markets
FXCM
IC Markets
FXCM
3.7/5
Choose FXCM if you want…
IC Markets
3.9/5
Choose IC Markets if you want…
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.
FXCM offers spreads from 0.2 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
FXCM requires a minimum deposit of $50. IC Markets requires $200.
FXCM is regulated by FCA, ASIC, while IC Markets holds licences from ASIC, CySEC.
FXCM supports MT4, 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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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.