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IC Markets vs IG Markets: Comparison and Analysis

Trying to figure out whether to use IC Markets or IG Markets? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of IC Markets and IG Markets side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
74-89% of retail CFD accounts lose money
IC Markets review
Open Account
68% of retail CFD accounts lose money
IG Markets review

Overall Ratings


Rated
91
Rated
90

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

  • IC Markets
  • IG Markets

Security 93
Security 98

Cost 85
Cost 62

Trading 100
Trading 100

Education 66
Education 84

Company Info


Foundation
2007
1974
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, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi

Leverage


Non-EU Leverage ?
500:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
200:1
US Leverage ?
0
50:1
Canadian Leverage ?
0
0

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
19551
8985
SimilarWeb - Total Visits
117889
9340000
Facebook Likes
54458
107634
Twitter Likes
3276
25000
Instagram Likes
14397

Deposit and Withdrawal


Minimum Deposit ?
100 USD
300 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 ?
instant
instant
Withdraw Waiting Time ?
1 business day
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, CAD, CHF, HKD, JPY, NZD, SGD
AUD, EUR, GBP, USD, ZAR, AED, CHF, 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 ?
0.010
2.8
Natural Gas ?
0.001
Silver ?
2.0
Platinum ?
Copper ?
Soybeans ?
1.35
Corn ?
0.6
Gold ?
0.3

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
0.1
0.7
USD/JPY Average Spread
0.2
1.19
USD/CHF Average Spread
0.5
2.07
GBP/USD Average Spread
0.4
1.52
USD/CAD Average Spread
0.5
AUD/USD Average Spread
0.2
0.6
NZD/USD Average Spread
0.4
EUR/GBP Average Spread
0.4
0.9

Fees on Stocks


Apple
Facebook
Alphabet
Snapchat
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
1.0
1.0
S&P500
0.6
0.4
Dow Jones
Nasdaq
1.0
CAC40
1.0
1.0
DAX30
0.950
2.0
Nikkei 225
6.0
7.0
Euro Stoxx 50
2.0

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
4.0
1.2
Ripple
0.015
0.30
Litecoin
3.0
0
Bitcoin Cash
5.0
2.0
Dash
4.0
0
Monero
0
0
Neo
0
0

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, dan, de, ne, pol, afrk, chi
en, de, es, fr, po
Watchlist Mobile ?

Available Markets


Forex Pairs ?
63
90
Crypto ?
63
90
Commodities ?
21
34
Stocks ?
1650
12000
Indices ?
25
37
ETF ?
20
Futures ?
4
5
Options ?
20
Bonds ?
7
12
Metal ?
7
5
Agricultural ?
6
Energies ?
5
6
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
1
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 ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
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 ?
51
22
Number Chart Drawing Tools ?
31
17
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, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi

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

IC Markets vs IG Markets: A Comparison Summary

When comparing IC Markets vs IG Markets, both brokers offer a wide range of markets, but there are differences in terms of fees, trading platforms, and customer care. Let’s take a closer look.

Security:

IC Markets is regulated by CySEC, ASIC, FSA, and SCB, while IG Markets is regulated by ASIC, FMA, FSCA, NFA, MAS, DFSA, JFSA, FINMA, and BMA. IG Markets has a higher security rating of 98, compared to IC Markets’ rating of 93.

Demo Accounts:

Both brokers offer unlimited demo accounts. IC Markets allows traders to choose the virtual funds amount (up to $5,000,000) and offers account restoration via customer support. IG Markets provides a fixed $30,000 virtual funds amount and offers account restoration through customer support.

Account Opening:

IC Markets has no minimum deposit in place but suggests a minimum deposit of $200. It offers over 10 base currencies and a wide range of payment methods. It offers three account types: Standard account, RAW Spread account, and Professional account. IG Markets has a minimum deposit of $300 for most countries and offers various account types, including a Spread Betting account for UK traders and an Islamic account. It offers fewer base currencies than IC Markets, and its payment methods are more limited.

Social-Copy Trading:

IC Markets offers third-party platforms for copy trading, while IG Markets does not offer social or copy trading features.

Markets:

IC Markets offers 63 forex pairs, 21 commodities, 25 indices, 63 crypto assets, and 1600+ stocks. It only offers CFD trading. IG Markets offers 90 forex pairs, 35 commodities, 80+ indices, 12 crypto assets, 16,000+ stocks, 5,400+ ETFs, and 30+ futures and options. It offers both CFD and real asset trading, making it suitable for both short-term and long-term investments.

Trading Fees:

IC Markets has lower spreads, with a spread type of variable, starting from 0 pip on forex. It charges up to $7 per lot traded, and its stock commissions vary. IG Markets has variable spreads starting from 0.6 pips on forex, in line with market average. It charges zero commission on real US stocks for FCA, ASIC, DFSA, and JFSA traders.

Trading Platforms:

IC Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all available via webtrader, desktop, and mobile. It also offers VPS services. IG Markets offers a proprietary platform available via web and desktop, L2 Dealer designed for stockbroking, ProRealTime advanced chart analysis software, and MT4.

Education/Customer Care:

Both brokers offer educational materials and a wide range of customer care options. IC Markets offers webinars and podcasts, while IG Markets has an extensive section suitable for every trader and a dedicated Academy App. Both offer easy-to-contact customer support via email, live chat, and phone, with multiple language options available.

Conclusion:

Overall, IC Markets and IG Markets are both reputable brokers with a strong focus on security, customer care, and education. IC Markets is more suitable for short-term investing, while IG Markets offers both short-term and long-term investment options. IC Markets offers lower spreads, while IG Markets offers a wider range of markets and account types. The choice between these two brokers ultimately depends on individual trading preferences, such as trading style, asset preferences, and fee structures.

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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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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