Best IC Markets Alternatives

logomark Luca Puddu calendar Last Updated: December 2021 timer 5 min read
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IC Markets is an online broker that has carved a niche for itself in terms of delivering value for money and top-notch financial services. With serving a wide range of traders across the world. The broker is a household name as far as the FX market is concerned.

You can read the IC Markets review that we wrote for an in-depth overview of the services offered by this broker. Yet, there are IC Markets alternatives that still deliver almost similar services. If you’re interested in any of the alternatives, you won’t go wrong reading through this post.

From the table below, you can look at why we have chosen such brokers as an alternative to IC Markets:

IC Markets Alternatives Alternative for Minimum Deposit
Pepperstone Scalping, Spread Betting, PAMM Account $0
eToro Copy Trading, Crypto Trading, Real assets Trading $200
XM Scalping and Unlimited demo $5
IG Markets Spread Betting, massive number of assets $250
Plus500 Unlimited demo account, good number of assets $100
Vantage FX Spread Betting, MAM/PAMM Account $200
OctaFX Low spreads, Copy Trading $5 ($100 for EU traders)
AvaTrade Spread Betting, fixed spreads $100
FXTM Low spreads and good account types choice $10
FP Markets Real shares trading, PAMM Account $100

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Table of contents

IC Markets Low Spread Alternatives

IC Markets is an online broker that offers low spread trading. Hence, you need an alternative that offers something similar or better than IC Markets. You can read our guide on the Top 10 Lowest Spread Forex Brokers to help you make an informed decision. The table below shows the best 6 IC Markets is in terms of low spread.

Broker Minimum Deposit Avg Spread EUR/USD
Pepperstone $0 0.09 pips
XM $5 0.1 pips
Vantage FX $200 0.1 pips
OctaFX $5 ($100 for EU traders) 0.7 pips
FXTM $10 0.1 pips
FP Markets $100 0.05 pips

IC Markets Copy Trading Alternatives

Copy trading is one of the trading strategies for beginners or newbies. The strategy involves “copying” the trading steps or ideas of expert traders and implementing the same to make a profit. In essence, if the professional trader you are copying from makes a profit, you’ll also make a profit depending on the amount you traded with.

Conversely, if the professional trader loses, you will also suffer a loss. You can read our guide on the Top 10 Copy Trading Best Platforms to enable you to make an informed decision.

Broker Minimum Deposit Copy Trading Platform
Pepperstone $0 DupliTrade, myfxbook
eToro $200 WebTrader
Vantage FX $200 ZuluTrade, DupliTrade, myfxbook
OctaFX $5 ($100 for EU traders) WebTrader
AvaTrade $100 ZuluTrade,DupliTrade
FP Markets $100 myfxbook

IC Markets Spread Betting Alternatives

The table below shows the best 4 IC Markets alternatives for spread betting. We selected these brokers after thorough research of their operations and activities.

Meanwhile, you can also read our Top 10 Uk Spread Betting Forex Brokers for an in-depth knowledge of what it takes for a broker to make it to this list.

Broker Minimum Deposit Minimum Bet
Pepperstone $0 £0.2
IG Markets $250 N/A
Vantage FX $200 N/A
AvaTrade $100 0.10 per point

IC Markets MAM/PAMM Alternatives

Trading with MAM and PAMM managed accounts may be the magic you need to improve your financial situation. For the best IC Markets alternatives for MAM/PAMM, you can read our Top 10 Pamm Forex Brokers.

Broker Minimum Deposit Number of allocation methods
Pepperstone $0 3
Vantage FX $200 1 (equity)
FP Markets $100 3

IC Markets Unlimited demo Alternatives

Using a demo account to trade the FX market cannot be overemphasized. It has a lot of advantages. Aside from not earning real money, you will understand the nitty gritty of the market without the risk of losing your money.

You can read our guide on the Top 10 Best Forex Demo Account to work with. The table below shows 8 IC Markets alternatives in terms of demo account.

Broker Demo trial Minimum deposit for a live account
XM Unlimited $5
eToro Unlimited $200
IG Markets Unlimited $250
Plus500 Unlimited $100
Vantage FX Unlimited $200
OctaFX Unlimited $5 ($100 for EU traders)
FXTM Unlimited $10
FP Markets Unlimited $100

Choosing a IC Markets alternatives: main perks and characteristics

IC Markets is an ECN broker. It is highly regulated; meaning, your funds and earnings are safe and secure. With 0$, you can open a trading account to start earning income. You also enjoy an unlimited demo account.

It supports fast execution and very low spreads from 0 pips with a very low commission (from $3), ideal for scalping. Plus, IC Markets offers plenty of base account currencies, including USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

IC Markets supports PAMM Account with 10 allocation methods, and Copy trading through ZuluTrade, depending on your position. That’s not all; IC Markets has a great education and support section. You can take a look at our IC Markets review for more information about this broker.

What is IC Markets missing?

Despite the huge benefits that IC Markets offers, it is still lacking in a few things. Check the top 10 best forex brokers to know what are the best brokers in the world.

IC Markets Alternatives Comparison

Feature Minimum Deposit Unlimited Demo Low Spread- Scalping Spread Betting Execution
IC Markets $0 Yes Yes No ECN
Pepperstone $0 No Yes Yes ECN/STP
eToro $200 Yes No No STP
XM $5 Yes Yes No Market Maker
IG Markets $250 Yes No Yes Market Maker
Plus500 $100 Yes No No Market Maker
Vantage FX $200 Yes Yes Yes ECN/STP
OctaFX $5 ($100 for EU traders) Yes Yes No ECN-DMA
AvaTrade $100 No No Yes Market Maker
FXTM $10 Yes Yes No ECN
FP Markets $100 Yes Yes No ECN/STP-DMA

IC Markets alternatives FAQ

What is IC Markets’ best alternative?

The best IC Markets alternative goes to Pepperstone. Also, going into specific, the best IC Markets alternative for scalping, spread betting, and PAMM Account functionalities is still Pepperstone. However, the best IC Markets alternative for copy trading is eToro. Then, the best IC Markets alternative for unlimited demo account features is IG Markets.


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74-89% of retail CFD accounts lose money

About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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