IC Markets vs FXCM 2026: Which Broker is Better?
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 vs FXCM: Key Differences
IC Markets
FXCM
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Fees Comparison
IC Markets
FXCM
Regulation & Trust
IC Markets holds licences from ASIC, CySEC. FXCM is regulated by FCA, ASIC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Indices markets. IC Markets additionally covers Crypto, Stocks. FXCM adds Commodities.
Fees & Spreads
On spreads, IC Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at FXCM.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FXCM offers MT4, Proprietary Web, Proprietary Mobile. Both brokers are available on MT4, Proprietary Mobile.
Minimum Deposit
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.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
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)
FXCM
3.7/5
Choose FXCM if you want…
- No per-trade commission
- Lower minimum deposit ($50)
- More established (est. 1999)
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 & FXCM are available in
Frequently Asked Questions
1Is IC Markets better than FXCM?
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.
2Which has lower fees, IC Markets or FXCM?
IC Markets offers spreads from 0 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs FXCM?
IC Markets requires a minimum deposit of $200. FXCM requires $50.
4Which broker is safer, IC Markets or FXCM?
IC Markets is regulated by ASIC, CySEC, while FXCM holds licences from FCA, ASIC.
5What trading platforms do IC Markets and FXCM support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and FXCM?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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