IC Markets vs Upbit 2026: Which Broker is Better?
Choosing between IC Markets and Upbit depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while Upbit operates from Seoul, South Korea. IC Markets has the longer track record, established in 2007, compared to Upbit which was founded in 2017. 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
Upbit
| IC Markets | Upbit | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.3/5 ✓ |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:1 |
| Regulation | ASIC, CySEC | FSC, MAS |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
Upbit is the better choice overall, scoring 4.3/5 vs 3.9/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Upbit: Key Differences
IC Markets
Upbit
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Fees Comparison
IC Markets
Upbit
Lower feesRegulation & Trust
IC Markets holds licences from ASIC, CySEC. Upbit is regulated by MAS, FSC.
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. Upbit offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while Upbit sets no minimum deposit. This makes Upbit accessible to traders with any budget.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and Upbit 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 leverage (up to 1:500)
- More market types (6)
- More established (est. 2007)
- More platforms (4 supported)
Upbit
4.3/5
Choose Upbit if you want…
- Higher overall rating (4.3/5)
- No minimum deposit
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 & Upbit are available in
Frequently Asked Questions
1Is IC Markets better than Upbit?
Upbit scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs Upbit's 4.3/5. 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 Upbit?
IC Markets offers spreads from 0 pips, while Upbit starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Upbit?
IC Markets requires a minimum deposit of $200. Upbit requires $0.
4Which broker is safer, IC Markets or Upbit?
IC Markets is regulated by ASIC, CySEC, while Upbit holds licences from FSC, MAS.
5What trading platforms do IC Markets and Upbit support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Upbit supports Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and Upbit?
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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