IC Markets
Monex
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
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 ✓ | 3.4/5 |
| 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 3.4/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets
Monex
WinnerIC Markets
Monex
Lower fees
IC Markets
3.9/5
Choose IC Markets if you want…
Monex
3.4/5
Choose Monex if you want…
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Monex's 3.4/5. 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 Monex starts at 0 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. Monex requires $0.
IC Markets is regulated by ASIC, CySEC, while Monex holds licences from FSA, SEC.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
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.