FxOpen
IC Markets
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
When comparing FxOpen and IC Markets, traders encounter two distinct offerings tailored for different needs. FxOpen, headquartered in London and regulated by the FCA and ASIC, appeals to budget-conscious traders with its minimal deposit requirement of just $1 and availability of the cTrader platform. In contrast, IC Markets, based in Sydney and regulated by ASIC and CySEC, attracts those seeking ultra-low spreads and fast execution speeds, albeit with a higher minimum deposit of $200. While FxOpen is ideal for those prioritising low entry costs and ECN execution, IC Markets is suited for traders who value competitive spreads and fast trade execution.
FxOpen
IC Markets
| FxOpen | IC Markets | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 3.9/5 ✓ |
| Min. Deposit | $1 ✓ | $200 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, ASIC | ASIC, CySEC |
| Platforms | MT4, MT5, cTrader | 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, FxOpen offers lower spreads (0 pips).
See full side-by-side comparison belowFxOpen
WinnerIC Markets
FxOpen
Lower feesIC Markets
FxOpen
3.7/5
Choose FxOpen if you want…
IC Markets
3.9/5
Choose IC Markets if you want…
IC Markets scores higher overall on our independent rating system. FxOpen 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.
FxOpen offers spreads from 0 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
FxOpen requires a minimum deposit of $1. IC Markets requires $200.
FxOpen is regulated by FCA, ASIC, while IC Markets holds licences from ASIC, CySEC.
FxOpen supports MT4, MT5, cTrader. 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.