IC Markets vs Nexo 2026: Which Broker is Better?
Choosing between IC Markets and Nexo depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while Nexo operates from London, UK. IC Markets has the longer track record, established in 2007, compared to Nexo which was founded in 2018. 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
Nexo
| IC Markets | Nexo | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:1 |
| Regulation | ASIC, CySEC ✓ | FCA |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
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 vs Nexo: Key Differences
IC Markets
Nexo
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Fees Comparison
IC Markets
Nexo
Lower feesRegulation & Trust
IC Markets holds licences from ASIC, CySEC. Nexo is regulated by FCA.
Markets & Assets
Both brokers offer access to Crypto markets. IC Markets additionally covers Forex, Cfd, Stocks, Indices.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Nexo offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while Nexo sets no minimum deposit. This makes Nexo accessible to traders with any budget.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and Nexo at 3.18/5, 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)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (6)
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 & Nexo are available in
Frequently Asked Questions
1Is IC Markets better than Nexo?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Nexo's 3.4/5. 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 Nexo?
IC Markets offers spreads from 0 pips, while Nexo starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Nexo?
IC Markets requires a minimum deposit of $200. Nexo requires $0.
4Which broker is safer, IC Markets or Nexo?
IC Markets is regulated by ASIC, CySEC, while Nexo holds licences from FCA.
5What trading platforms do IC Markets and Nexo support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Nexo supports Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and Nexo?
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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