IC Markets
FXCM
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
Choosing between IC Markets and FXCM depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while FXCM operates from London, UK. FXCM 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
FXCM
| IC Markets | FXCM | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.7/5 |
| Min. Deposit | $200 ✓ | $50 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:400 |
| Regulation | ASIC, CySEC | FCA, ASIC |
| Platforms | MT4, MT5, TradingView | MT4, Proprietary Web, Proprietary Mobile |
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 belowIC Markets
FXCM
WinnerIC Markets
FXCM
IC Markets holds licences from ASIC, CySEC. FXCM is regulated by FCA, ASIC.
Both brokers offer access to Forex, Cfd, Indices markets. IC Markets additionally covers Crypto, Stocks. FXCM adds Commodities.
On spreads, IC Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at FXCM.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FXCM offers MT4, Proprietary Web, Proprietary Mobile. Both brokers are available on MT4, Proprietary Mobile.
IC Markets requires a minimum deposit of $200, while FXCM sets a minimum deposit of $50. Both are suitable for traders with moderate starting capital.
BrokerRank scores IC Markets at 3.87/5 and FXCM at 3.66/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IC Markets leads overall with a clear advantage.
IC Markets
3.9/5
Choose IC Markets if you want…
FXCM
3.7/5
Choose FXCM if you want…
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs FXCM's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
IC Markets offers spreads from 0 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. FXCM requires $50.
IC Markets is regulated by ASIC, CySEC, while FXCM holds licences from FCA, ASIC.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FXCM supports MT4, Proprietary Web, 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.