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FXCM vs IC Markets: Comparison and Analysis

Trying to decide between FXCM and IC Markets? This comparison article will provide you with a detailed overview of both brokers, so you can make an informed decision based on your needs.

We have compared over 100 variables and features, and divided the comparisons into a logical structure for easy navigation.

Scroll down to read the full post or use the quick menu to jump to the relevant section.

Open Account

66% of retail investor accounts lose money

FXCM review

Open Account

74-89% of retail CFD accounts lose money

IC Markets review

Overall Ratings

Rated

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

FXCM
IC Markets

Security 94

Security 93

Cost 73

Cost 85

Trading 73

Trading 100

Education 83

Education 66

Company Info

Foundation

1999

2007

Is it Regulated?

Is it Publicly Traded?

Is it a Bank?

Segregated Clients Funds ?

No-ESMA Branches? ?

Accepts EU Clients?

Accepts US Clients?

Accepts Canadian Clients?

Website Languages

en, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, chi

en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

Leverage

Non-EU Leverage ?

400:1

500:1

European Leverage ?

30:1

Australian Leverage ?

30:1

US Leverage ?

Canadian Leverage ?

50:1

Tier 1 Regulation

FSA ?

MAS ?

FINMA ?

FCA ?

CFTC ?

MIFID-ESMA ?

ASIC ?

CIRO ?

SFC ?

Tier 2 Regulation

FMA ?

CBR ?

FSCA ?

SEC ?

DFSA ?

CBRC ?

CySEC ?

ISA ?

Tier 3 Regulation

Offshore ?

MMA (Maldives) ?

EDR ?

FSA (Seychelles) ?

SCB (Bahamas) ?

FSC (Mauritius) ?

VFSC (Vanuatu) ?

IFSC (Belize) ?

CIMA (Cayman Islands) ?

SVG (Saint Vincent and the Grenadines) ?

FSRC (St. Kitts & Nevis) ?

BMA (Bermuda) ?

BVI (British Virgin Islands) ?

Brand Power

SimilarWeb - Website Ranking

89071

19551

SimilarWeb - Total Visits

807860

117889

Facebook Likes

83544

54458

Twitter Likes

92400

3276

Instagram Likes

14397

Deposit and Withdrawal

Minimum Deposit ?

50 USD

Minimum Withdraw ?

Credit Card ?

Bank Transfer ?

PayPal

Neteller

Skrill

Other Methods Available ?

Bpay, Broker to Broker, FasaPay, Klarna, POLi, RapidPay, THAI Internet Banking, UnionPay, Vietnamese Internet Banking, Bitcoin Wallet

Deposit Waiting Time ?

1 business day

instant

Withdraw Waiting Time ?

1-2 business days

1 business day

Bonus Program ?

Costs and Fees

Deposit Fees ?

Withdrawal Commissions ?

Overnight/Swap Fee ?

Inactivity Fee ?

Conversion Fee ?

Account Types

Demo Account ?

Demo Account Expiration ?

Account Currencies ?

AUD, EUR, GBP, USD, CHF

AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD

Standard Account ?

Micro Account ?

Low-cost Account ?

Variable Spread Account ?

Fixed Spread Account ?

Zero Spread Account ?

ECN Account ?

Swap Free Account ?

Islamic Account ?

Professional Traders Account ?

Active Trader Program ?

Commodities

Crude Oil ?

0.03

0.010

Natural Gas ?

0.01

0.001

Silver ?

0.04

Platinum ?

Copper ?

0.00

Soybeans ?

1.35

Corn ?

0.64

0.6

Gold ?

0.76

Forex Fixed Spreads

EUR/GBP Spread

EUR/USD Spread

USD/JPY Spread

GBP/USD Spread

USD/CHF Spread

AUD/USD Spread

USD/CAD Spread

NZD/USD Spread

Forex Variable Spreads

EUR/USD Average Spread

1.3

0.1

USD/JPY Average Spread

1.4

0.2

USD/CHF Average Spread

1.7

0.5

GBP/USD Average Spread

2.0

0.4

USD/CAD Average Spread

2.3

0.5

AUD/USD Average Spread

1.9

0.2

NZD/USD Average Spread

2.1

0.4

EUR/GBP Average Spread

2.6

0.4

Fees on Stocks

Apple

Facebook

Alphabet

Snapchat

Tesco

Barclays

Lloyds

Fees on Indices

FTSE100

0.96

1.0

S&P500

0.38

0.6

Dow Jones

Nasdaq

1.01

CAC40

1.24

1.0

DAX30

1.15

0.950

Nikkei 225

8.57

6.0

Euro Stoxx 50

1.08

Fees on Cryptocurrencies

Bitcoin

Ethereum

0,94

4.0

Ripple

0,01

0.015

Litecoin

0,19

3.0

Bitcoin Cash

3,37

5.0

Dash

4.0

Monero

Neo

Platforms

cTrader Desktop

cTrader Web

Mirror Trader

ZuluTrade ?

MT4 Dekstop

MT4 Web

MT5 Desktop

MT5 Web

Proprietary Desktop Platform

Proprietary Web Platform

MAC Platforms

Sirix

Mobile Trading

Android ?

iOS ?

Windows ?

Trading Signals on Mobile ?

Smart Watch App ?

Forex Trading ?

CFD Trading ?

Alerts ?

Chartings-Drawing Tools ?

Mobile Available Language ?

en, ar, de, es, fr, heb, po, ru, it, ur, chi

en, dan, de, ne, pol, afrk, chi

Watchlist Mobile ?

Available Markets

Forex Pairs ?

Crypto ?

Commodities ?

Stocks ?

1650

Indices ?

ETF ?

Futures ?

Options ?

Bonds ?

Metal ?

Agricultural ?

Energies ?

Interest Rates ?

Penny Stocks ?

IPO ?

Blends ?

Dow Jones ?

FTSE ?

Dax ?

Nikkei ?

Gold Market ?

Bitcoin ?

Real Assets ?

Trading Execution

Direct Market Access (DMA) ?

Straigh Through Processing (STP) ?

Electronic Communication Network (ECN) ?

Market Maker ?

Non Dealing Desk (NDD) ?

FIFO Applies? ?

4 Digits Decimal Pricing ?

5 Digits Decimal Pricing ?

Risk Management

Stop Losses ?

Take Profits ?

Limit Orders ?

Trailing Stop ?

Margin Call ?

OCO Orders ?

Guaranteed Stop Loss ?

Negative Balance Protection ?

Minimum Trade Size ?

0.001 lots

0.01 lots

Maximum Trade Size ?

100 lots

Special Trading Conditions

MAM ?

PAMM ?

Social Trading ?

Copy Trading ?

LAMM ?

Available Trading Techniques

Scalping ?

Hedging ?

Spread Betting ?

Expert Advisor (EA) ?

Virtual Private Server ?

API ?

Trading Tools

One-Click Trading ?

Signal Trading ?

Price Alerts ?

Number Chart Indicators ?

Number Chart Drawing Tools ?

Trade Directly From Chart ?

Watchlist ?

Education

Education Center ?

Webinars

Platform Tutorial Video ?

Video on Trading for Beginners ?

Video on Trading for Experts ?

Tutorial Guide

Glossary

Customer Support

Call Back Request ?

Email Support

Phone Support

Live Chat

Support Language Available

en, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, chi

en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

Research

Professional Reports

Social Trading Features - Social Feeds ?

Economic Calendar

Daily Email With Trading Ideas

Analysis From Trading Central (Recognia)

Analysis From Delkos Research

AutoChartist

Traders Sentiment ?

News via Twitter

News via FaceBook

Daily Market Commentary

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.

Demo Account

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.

Minimum Deposit

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.

Stock Market

FXCM offers 15 stocks, while IC Markets offers over 1600 stocks. IC Markets charges variable spreads on stocks.

Cryptocurrency Trading

FXCM offers 7 crypto assets for trading, while IC Markets offers 63 crypto assets for trading.

Platforms

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.

Education

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.