IC Markets vs Questrade 2026: Which Broker is Better?
Choosing between IC Markets and Questrade depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while Questrade operates from Toronto, Canada. Questrade has the longer track record, established in 1999, 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
Questrade
| IC Markets | Questrade | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.3/5 |
| Min. Deposit | $200 | $1000 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:3 |
| Regulation | ASIC, CySEC ✓ | CIRO |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.3/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Questrade: Key Differences
IC Markets
WinnerQuestrade
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Fees Comparison
IC Markets
Questrade
Lower feesRegulation & Trust
IC Markets holds licences from ASIC, CySEC. Questrade is regulated by SEC.
Markets & Assets
Both brokers offer access to Forex, Stocks, Indices markets. IC Markets additionally covers Cfd, Crypto. Questrade adds Commodities.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Questrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while Questrade sets a minimum deposit of $1,000. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and Questrade at 3.33/5, 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)
- Lower minimum deposit ($200)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
Questrade
3.3/5
Choose Questrade if you want…
- More established (est. 1999)
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.
Frequently Asked Questions
1Is IC Markets better than Questrade?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Questrade's 3.3/5. 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 Questrade?
IC Markets offers spreads from 0 pips, while Questrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Questrade?
IC Markets requires a minimum deposit of $200. Questrade requires $1000.
4Which broker is safer, IC Markets or Questrade?
IC Markets is regulated by ASIC, CySEC, while Questrade holds licences from CIRO.
5What trading platforms do IC Markets and Questrade support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Questrade supports Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and Questrade?
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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