IC Markets
FxOpen
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
Choosing between IC Markets and FxOpen depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while FxOpen operates from London, UK. FxOpen has the longer track record, established in 2005, 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
FxOpen
| IC Markets | FxOpen | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.7/5 |
| Min. Deposit | $200 | $1 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | FCA, ASIC |
| Platforms | MT4, MT5, TradingView | MT4, MT5, cTrader |
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
FxOpen
WinnerIC Markets
FxOpen
Lower feesIC Markets holds licences from ASIC, CySEC. FxOpen is regulated by FCA, ASIC.
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. IC Markets additionally covers Stocks. FxOpen adds Commodities.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxOpen offers MT4, MT5, cTrader. Both brokers are available on MT4, MT5.
IC Markets requires a minimum deposit of $200, while FxOpen sets a minimum deposit of $1. Both are suitable for traders with moderate starting capital.
BrokerRank scores IC Markets at 3.87/5 and FxOpen 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…
FxOpen
3.7/5
Choose FxOpen if you want…
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs FxOpen'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 FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. FxOpen requires $1.
IC Markets is regulated by ASIC, CySEC, while FxOpen holds licences from FCA, ASIC.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxOpen supports MT4, MT5, cTrader.
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.