IC Markets vs FxOpen 2026: Which Broker is Better?
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 vs FxOpen: Key Differences
IC Markets
FxOpen
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Fees Comparison
IC Markets
FxOpen
Lower feesRegulation & Trust
IC Markets holds licences from ASIC, CySEC. FxOpen is regulated by FCA, ASIC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. IC Markets additionally covers Stocks. FxOpen adds Commodities.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxOpen offers MT4, MT5, cTrader. Both brokers are available on MT4, MT5.
Minimum Deposit
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.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- More market types (6)
- More platforms (4 supported)
FxOpen
3.7/5
Choose FxOpen if you want…
- Lower minimum deposit ($1)
- More established (est. 2005)
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 & FxOpen are available in
Frequently Asked Questions
1Is IC Markets better than FxOpen?
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.
2Which has lower fees, IC Markets or FxOpen?
IC Markets offers spreads from 0 pips, while FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs FxOpen?
IC Markets requires a minimum deposit of $200. FxOpen requires $1.
4Which broker is safer, IC Markets or FxOpen?
IC Markets is regulated by ASIC, CySEC, while FxOpen holds licences from FCA, ASIC.
5What trading platforms do IC Markets and FxOpen support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxOpen supports MT4, MT5, cTrader.
6Can I use both IC Markets and FxOpen?
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.
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