IC Markets vs Deriv 2026: Which Broker is Better?
Choosing between IC Markets and Deriv depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while Deriv operates from Limassol, Cyprus. Deriv has the longer track record, established in 1999, compared to IC Markets which was founded in 2007. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IC Markets
Deriv
| IC Markets | Deriv | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.0/5 ✓ |
| Min. Deposit | $200 ✓ | $5 |
| Spread from | 0 pips ✓ | 0.5 pips |
| Max Leverage | 1:500 | 1:1000 ✓ |
| Regulation | ASIC, CySEC | MFSA, Labuan FSA, BVI FSC ✓ |
| Platforms | MT4, MT5, TradingView | MT5, Proprietary Web, Proprietary Mobile |
Deriv is the better choice overall, scoring 4.0/5 vs 3.9/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Deriv: Key Differences
IC Markets
Deriv
WinnerFees Comparison
IC Markets
Deriv
Regulation & Trust
IC Markets holds licences from ASIC, CySEC. Deriv is regulated by FCA, MAS.
Markets & Assets
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. IC Markets additionally covers Stocks. Deriv adds Commodities.
Fees & Spreads
On spreads, IC Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.5 pips at Deriv.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Deriv offers MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on MT5, Proprietary Mobile.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while Deriv sets a minimum deposit of $5. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and Deriv at 3.77/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IC Markets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Tighter spreads (from 0 pips)
- More market types (6)
- More platforms (4 supported)
Deriv
4.0/5
Choose Deriv if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- Lower minimum deposit ($5)
- Higher leverage (up to 1:1000)
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 IC Markets & Deriv are available in
Frequently Asked Questions
1Is IC Markets better than Deriv?
Deriv scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Deriv's 4.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, IC Markets or Deriv?
IC Markets offers spreads from 0 pips, while Deriv starts at 0.5 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Deriv?
IC Markets requires a minimum deposit of $200. Deriv requires $5.
4Which broker is safer, IC Markets or Deriv?
IC Markets is regulated by ASIC, CySEC, while Deriv holds licences from MFSA, Labuan FSA, BVI FSC, VFSC, CIMA, FSC, CMA.
5What trading platforms do IC Markets and Deriv support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Deriv supports MT5, Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and Deriv?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Deriv
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