General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
- IC Markets
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Security and Rating
Both FXCM and IC Markets are highly regulated, with FXCM being regulated by FCA, ASIC, FSCA, CySEC, ISA, and IIROC, while IC Markets is regulated by CySEC, ASIC, FSA, and SCB. FXCM has a security rating of 94, while IC Markets has a security rating of 93.
Both FXCM and IC Markets offer demo accounts with virtual funds. FXCM offers an unlimited demo account with $50,000 virtual funds, while IC Markets offers a demo account with unlimited virtual funds, and traders can choose the amount up to $5,000,000. The virtual funds of the IC Markets demo account can be restored by contacting customer support.
FXCM requires a minimum deposit of $50 for non-EU clients and $300 for UK and EU clients, while IC Markets does not have a minimum deposit in place, but suggests a minimum deposit of $200.
Social Trading and Copy Trading
FXCM allows traders to engage in copy and social trading through third-party platforms such as ZuluTrade and Tradingview, while IC Markets allows traders to engage in copy trading through third-party platforms such as ZuluTrade.
CFD and Forex Trading
FXCM offers a range of CFD trading options, including forex, commodities, indices, crypto, and stocks. IC Markets offers CFD trading only, including forex, commodities, indices, crypto, and stocks. This makes both brokers a good option for short-term trading.
FXCM offers 15 stocks, while IC Markets offers over 1600 stocks. IC Markets charges variable spreads on stocks.
FXCM offers 7 crypto assets for trading, while IC Markets offers 63 crypto assets for trading.
FXCM offers the Trading Station proprietary platform, which is available via desktop, web, and mobile, as well as the MetaTrader 4 platform, which is available via web, desktop, and mobile. IC Markets offers the MetaTrader 4 platform, which is available via web, desktop, and mobile, the MetaTrader 5 platform, which is available via web, desktop, and mobile, and the cTrader platform, which is available via web, desktop, and mobile. All the platforms offered by both brokers allow traders to engage in algo trading. IC Markets also offers VPS services.
Both FXCM and IC Markets offer a range of educational resources for traders. FXCM provides FAQs, trading guides, and a research section, while IC Markets offers a wide range of educational material, including webinars and podcasts. Customer care is easy to contact via phone, email, and live chat for both brokers, with IC Markets offering support in over 18 languages.
In conclusion, both FXCM and IC Markets offer a range of features and benefits for traders. FXCM is a good choice for traders who want to invest in a range of CFD trading options, including forex, commodities, indices, crypto, and stocks, as well as for short-term trading. IC Markets is a good choice for traders who want to invest in a wide range of trading assets, including forex, commodities, crypto, stocks, and indices, as well as for both short and long-term investing. IC Markets offers very low spreads and commission, making it a good broker for scalping. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.
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