IC Markets vs IC Trading – Full Comparison – What to choose?

On this page, I’ll compare two brokers: IC Markets and IC Trading.

You’ll get a full comparison of all the main features, including what they have in common and the differences, to help you choose the best for you.

Our team recommend ICTrading if you are EUROPEAN USER

Here are all the details.

Broker General Details

Let’s look at the general details now. Here you’ll see where and when each broker was founded, the minimum required deposit, and the maximum leverage provided by IC Markets and IC Trading.

Broker Details	IC Markets	IC Trading
Year Founded	2007	2022
Offices Location	Australia	Mauritius
Minimum Deposit	$200	$200
Maximum Leverage	1:1000	1:500

Account Settings

These are the account settings for IC Markets and IC Trading.

If your strategy sends you into big drawdowns frequently, the margin call and the margin stop out are important to check.

Account Settings	IC Markets	IC Trading
Margin Call	100%	100%
Margin Stop Out	50%	50%
Inactivity Fee	❌	❌
Minimum Lot Size	0.01	0.01
Maximum Lot Size	200	200
Minimum Spread (pips)	0	0
Allows Hedging	✅	✅
Allows Copy Trading	✅	✅
Allows Social Trading	✅	✅

Account Types

When trading Forex, there are often several account types to choose from. You can start with a demo account, which most brokers offer, to learn before you know how to trade. After that, the choice is yours, from commission or no-commission accounts to Islamic or professional accounts.

Here are the account types that IC Markets and IC Trading offer to you:

Account Types	IC Markets	IC Trading
Demo	✅	✅
Cent	❌	❌
No Commission	✅	✅
Commission	✅	✅
Islamic	✅	✅
Professional	✅	❌
Micro	✅	✅

Bonus

Who doesn’t like a good bonus?

Some brokers offer a bonus when you deposit with them. Others can even offer you a bonus just for opening an account without depositing.

Here’s what kind of bonuses are offered by IC Markets and IC Trading.

Account Settings	IC Markets	IC Trading
Deposit Bonus	✅	❌
No Deposit Bonus	❌	❌

Instruments Available

Depending on the markets you prefer to trade, some brokers may or may not have the symbols you want to trade.

Here’s a list comparing all instruments supported by IC Markets and IC Trading.

Instruments CFDs	IC Markets	IC Trading
Forex	✅	✅
Indices	✅	✅
Dax	✅	✅
Dow Jones	✅	✅
Nasdaq	✅	✅
S&P500	✅	✅
AUS2000	✅	✅
CAC40	✅	✅
FTSE	✅	✅
HK50	✅	✅
JPN225	✅	✅
BRA50	❌	❌
CH20	✅	✅
CHN50	✅	✅
DXY	❌	❌
IBEX	✅	✅
EUR50	✅	✅
MIB40	✅	✅
MEX	❌	❌
AEX25	✅	✅
WIG20	❌	❌
SG20	❌	❌
SK200	❌	❌
VIX	❌	❌
TSX60	✅	✅
US2000	✅	✅
OBX25	✅	✅
JSE40	✅	✅
OMX30	✅	✅
GerTech30	✅	✅
Commodities – Energies	✅	✅
Brent Oil	✅	✅
WTI Oil	✅	✅
Natural Gas	✅	✅
Heating Oil	❌	❌
Gasoline	❌	❌
Commodities – Metals	✅	✅
Gold	✅	✅
Silver	✅	✅
Platinum	✅	✅
Palladium	✅	✅
Copper	❌	❌
Aluminium	❌	❌
Nickel	❌	❌
Zinc	❌	❌
Commodities – Agricultural	✅	✅
Cocoa	✅	✅
Coffee	✅	✅
Corn	✅	✅
Cotton	✅	✅
Soybean	✅	✅
Sugar	✅	✅
Wheat	✅	✅
Orange Juice	✅	✅
Stocks	✅	✅
Crypto	✅	✅
BTC	✅	✅
ETH	✅	✅
XRP	✅	✅
BCH	✅	✅
LTC	✅	✅
LINK	✅	✅
DOT	✅	✅
DOGE	✅	✅
ADA	✅	✅
SOL	✅	✅
AAVE	❌	❌
UNI	✅	✅
BNB	✅	✅
Bonds	✅	✅

Leverage

When it comes to leverage, it often changes depending on what symbol or category you trade. The biggest leverage is usually given to Forex and may be lower on other asset types.

Here’s the leverage comparison between the IC Markets and IC Trading different trading categories:

Leverage	IC Markets	IC Trading
Maximum	1:1000	1:500
Forex	1:1000	1:500
Indices	1:200	1:200
Metals	1:1000	1:500
Energies	1:500	1:500
Stocks	1:20	1:20
Crypto	1:200	1:5
Agricultural	1:100	1:100
Bonds	1:200	1:200

Payments

Depending on where you are in the world, some payment options may be better for you than others. Some may save you taxes, others may not even be available for you. Most brokers offer different payment methods to adapt better to each trader’s geography. IC Markets and IC Trading are no exception.

Here’s a list comparing the payment options available to them:

Payment Types	IC Markets	IC Trading
Wire Transfer	✅	✅
Paypal	✅	✅
Neteller	✅	✅
Skrill	✅	✅
Crypto	❌	✅
Credit Card	✅	✅
Google Pay	❌	❌
Payoneer	❌	❌
Revolut	❌	❌
Wise	❌	❌
Deel Card	❌	❌
Nuvei	❌	❌
Checkout.com	❌	❌
Confirmo	❌	❌
Coinbase	❌	❌
Binance	❌	❌
Perfect Money	❌	❌
PayRetailers	❌	❌
Rapidpay	✅	❌
Klarna	✅	❌
Bpay	✅	❌
Thai Internet Banking	✅	❌
Vietnamese Internet Banking	✅	❌
UnionPay	✅	✅
POLI	✅	❌
Use Pay	❌	❌
PaymentAsia	❌	❌
HexoPay	❌	❌
Help2Pay	❌	❌
FXPay	❌	❌
China Union Pay	❌	❌
Boleto	❌	❌
Beeteller	❌	❌
AstroPay	❌	❌
Web Money	❌	❌
Sticpay	❌	❌
ADV Cash	❌	❌

Platforms

While MetaTrader is the classic option for Forex brokers, available on the vast majority of them, there are frequently other trading platforms that you may prefer or may be better for your own trading style.

Here’s a list comparing the trading platforms available when you use IC Markets and IC Trading.

Supported Platforms	IC Markets	IC Trading
MT4	✅	✅
MT5	✅	✅
cTrader	✅	✅
Proprietary	❌	❌
Web	✅	✅
Android	✅	✅
iOS	✅	✅
DupliTrade	❌	❌
ZuluTrade	✅	✅
Sterling	❌	❌
CQG	❌	❌

Regulators

When you choose a broker it’s important that he’s regulated by an official entity. Although some regulators may be stricter than others, at least make sure that regulation exists with the broker you choose.

In this table, you can see the comparison between the IC Markets and IC Trading regulators.

Regulators	IC Markets	IC Trading
ASIC – Australia	✅	❌
IIROC – Canada	❌	❌
SFC – Hong Kong	❌	❌
CBI – Ireland	❌	❌
FSA – Japan	❌	❌
MAS – Singapore	❌	❌
FINMA – Switzerland	❌	❌
FCA – UK	❌	❌
CTFC – USA	❌	❌
FMA – New Zealand	❌	❌
CBRC – China	❌	❌
CYSEC – Cyprus	✅	❌
SEBI – India	❌	❌
ISA – Israel	❌	❌
CBR – Russia	❌	❌
FSCA – South Africa	❌	❌
SEC – Thailand	❌	❌
DFSA – UAE	❌	❌
SCB – Bahamas	✅	❌
FSC – Belize	❌	❌
CIMA – Cayman Islands	❌	❌
BMA – Bermuda	❌	❌
FSC – British Virgin Islands	❌	❌
FSC – Mauritius	✅	✅
VFSC – Vanuatu	❌	❌
FSA – Seychelles	✅	❌
PFSA – Poland	❌	❌
FRSA – UAE	❌	❌
FSA – Labuan, Malaysia	❌	❌
MFSA – Malta	❌	❌

Trustpilot

Although the Trustpilot reviews and scores may eventually be faked like everything over the internet, it’s still a good source to look for and get a feeling of what’s going on with any particular broker.

Here’s the Trustpilot data for IC Markets and IC Trading.