IC Markets vs MEXC 2026: Which Broker is Better?
In this broker comparison, we examine IC Markets and MEXC, highlighting their key differences and trader appeal. IC Markets, established in 2007 and regulated by ASIC and CySEC, is renowned for its ultra-low spreads and comprehensive market offerings, making it suitable for forex and CFD traders seeking fast execution and robust platform options like MT4, MT5, and TradingView. Conversely, MEXC, founded in 2018 and regulated by the FSA, caters predominantly to cryptocurrency enthusiasts with its extensive altcoin selection and zero maker fees, appealing to traders interested in high-leverage futures and a broad range of crypto assets. While IC Markets demands a higher minimum deposit, MEXC offers accessibility with no initial deposit requirement, albeit with a weaker regulatory framework.
IC Markets
MEXC
| IC Markets | MEXC | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.0/5 ✓ |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:200 |
| Regulation | ASIC, CySEC ✓ | FSA |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
MEXC 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 MEXC: Key Differences
IC Markets
MEXC
WinnerStill deciding between IC Markets and MEXC?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
IC Markets
MEXC
Lower feesBrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (6)
- More established (est. 2007)
MEXC
4.0/5
Choose MEXC if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- No minimum deposit
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 & MEXC are available in
Frequently Asked Questions
1Is IC Markets better than MEXC?
MEXC scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs MEXC'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 MEXC?
IC Markets offers spreads from 0 pips, while MEXC starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs MEXC?
IC Markets requires a minimum deposit of $200. MEXC requires $0.
4Which broker is safer, IC Markets or MEXC?
IC Markets is regulated by ASIC, CySEC, while MEXC holds licences from FSA.
5What trading platforms do IC Markets and MEXC support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. MEXC supports Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and MEXC?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Bybit
4.1Capital at risk · T&Cs apply
