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Side-by-Side Comparison Independent Updated Oct 2, 2026

IC Markets vs Swissquote 2026: Which Broker is Better?

In comparing IC Markets and Swissquote, traders will find distinct differences catering to varying trading needs. IC Markets, known for its ultra-low spreads starting from 0.0 pips and fast execution speeds, appeals primarily to high-frequency and cost-conscious forex traders. Conversely, Swissquote, with its reputation for Swiss banking reliability and comprehensive financial services, attracts traders who prioritise security and the prestige of trading with a publicly listed company, despite higher spreads and a substantial minimum deposit requirement. Both brokers offer robust platforms like MT4 and MT5, but their regulatory frameworks and service offerings cater to different trader profiles.

IC Markets

Swissquote

Higher ratedIC Markets logo

IC Markets

3.9/ 5
Visit IC Markets →Full review
VS
IC MarketsSwissquote
BrokerRank Score3.9/5 ✓3.8/5
Min. Deposit$200$1000 ✓
Spread from0 pips ✓1.3 pips
Max Leverage1:500 ✓1:100
RegulationASIC, CySECFCA, MAS
PlatformsMT4, MT5, TradingViewMT4, MT5, Proprietary Web
Quick VerdictBrokerRank recommends
Best for Beginners
SwissquoteIC Markets
Best for Low Fees
IC MarketsSwissquote
Best for Regulation
IC MarketsSwissquote
Best Overall
IC MarketsSwissquote
Quick Answer

IC Markets is the better choice overall, scoring 3.9/5 vs 3.8/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).

See full side-by-side comparison below

IC Markets vs Swissquote: Key Differences

Feature

IC Markets

Winner

Swissquote

Our Rating
3.9 / 5
3.8 / 5
Min. Deposit
$200
$1000
Max Leverage
Spread From
0 pips
1.3 pips
Commission
$3.5/lot
None
Regulated By
Platforms
MT4, MT5, TradingView, Proprietary Mobile
MT4, MT5, Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Crypto, Stocks, Indices, Commodities
Forex, Stocks, Cfd, Crypto, Indices, Commodities
Founded
2007
1996
Headquarters
Sydney, Australia
Gland, Switzerland
Score
3 / 5
2 / 5

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Fees Comparison

Fee

IC Markets

Swissquote

Spread From
0 pips
1.3 pips
Commission
$3.5/lot
None
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

For beginners, IC Markets is the preferable choice due to its lower minimum deposit requirement of $200, compared to Swissquote's $1,000. Professional traders may favour Swissquote for its comprehensive banking services and the security of being a publicly listed company, which can be advantageous for those seeking a broader financial service. In terms of fees, IC Markets has the edge with ultra-low spreads starting from 0.0 pips and a competitive commission structure, making it the more cost-effective option for frequent traders.

Who Should Choose Which?

IC Markets

IC Markets

3.9/5

Top pick

Choose IC Markets if you want…

  • Higher overall rating (3.9/5)
  • Tighter spreads (from 0 pips)
  • Lower minimum deposit ($200)
  • Higher leverage (up to 1:500)
Swissquote

Swissquote

3.8/5

Choose Swissquote if you want…

  • No per-trade commission
  • More established (est. 1996)

Also consider

View all rankings

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.

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4.3
FCA
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4.1
FCA
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#4AvaTrade logo
AvaTrade
4.0
MAS
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#5Plus500 logo
Plus500
4.0
MAS
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80% of retail CFD accounts lose money.

Both IC Markets & Swissquote are available in

Frequently Asked Questions

1

Is IC Markets better than Swissquote?

IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Swissquote's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, IC Markets or Swissquote?

IC Markets offers spreads from 0 pips, while Swissquote starts at 1.3 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for IC Markets vs Swissquote?

IC Markets requires a minimum deposit of $200. Swissquote requires $1000.

4

Which broker is safer, IC Markets or Swissquote?

IC Markets is regulated by ASIC, CySEC, while Swissquote holds licences from FCA, MAS.

5

What trading platforms do IC Markets and Swissquote support?

IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Swissquote supports MT4, MT5, Proprietary Web, Proprietary Mobile.

6

Can I use both IC Markets and Swissquote?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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