IC Markets vs Monex 2026: Which Broker is Better?
In this comparison of IC Markets and Monex, we explore the distinct offerings of two prominent brokers catering to diverse trader needs. IC Markets, headquartered in Sydney and regulated by ASIC and CySEC, is ideal for traders seeking ultra-low spreads and fast execution across a wide array of markets, including forex, CFDs, and cryptocurrencies. On the other hand, Monex, based in Tokyo and regulated by the FSA and SEC, appeals to traders interested in a broad international focus and zero minimum deposit, offering access to stocks, ETFs, and crypto through its proprietary platforms. The key difference lies in IC Markets' focus on competitive spreads and execution speed, while Monex emphasises global reach and no minimum deposit requirements.
IC Markets
Monex
| IC Markets | Monex | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.5/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:3 |
| Regulation | ASIC, CySEC | FSA, SEC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, TradeStation JP |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.5/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Monex: Key Differences
IC Markets
Monex
WinnerStill deciding between IC Markets and Monex?
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Fees Comparison
IC Markets
Monex
Lower feesBrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More market types (6)
- More platforms (4 supported)
Monex
3.5/5
Choose Monex if you want…
- No minimum deposit
- More established (est. 1999)
Also consider
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Both IC Markets & Monex are available in
Frequently Asked Questions
1Is IC Markets better than Monex?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Monex's 3.5/5. 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 Monex?
IC Markets offers spreads from 0 pips, while Monex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Monex?
IC Markets requires a minimum deposit of $200. Monex requires $0.
4Which broker is safer, IC Markets or Monex?
IC Markets is regulated by ASIC, CySEC, while Monex holds licences from FSA, SEC.
5What trading platforms do IC Markets and Monex support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
6Can I use both IC Markets and Monex?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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