Forex.com Vs. IC Markets - Compare and Choose the Right One


Visit 67.6% of retail CFD accounts lose money.	Visit 76.27% of retail CFD accounts lose money.
Overview
Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.	IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.
Best For
Traders of all levels (beginner to advanced) looking for competitive pricing Trades of all levels looking for a great platform variety High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades	Professional traders looking for Interbank rates High volume traders that will save great amounts of costs with their low spreads and commissions
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FINRA (United States) FCA (UK) FFAJ (Japan) IIROC (Canada) CySec (Cyprus) CIMA (Cayman Islands)	ASIC (Australia) CySec (Cyprus) FSA (Seychelles)
The Good
Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5) Excellent asset offering (more than 5,000+ instruments) Competitive spreads in some of their assets	Customisable leverage per asset before opening trades Interbank rates and low commissions Great platform variety
The Bad
Despite presenting a great customisable platform, it still feels messy and not intuitive to use Commissions are expensive when compared to similar competitors	Avaliable assets are limited (Also No ETFs) No ability to purchase real stocks or cryptocurrencies, only CFDs
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 Day	1 Day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2001	2007
💳 Minimum Deposit
$100	$200
💰 Payment Methods
Visa Mastercard Skrill Neteller Bank Transfer	Visa Mastercard Bank Transfer Bitcoin Sofort Paypal Neteller Skrill
💵 Account Base Currencies
6 - GBP, USD, EUR, AUD, JPY, CHF.	10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
None	US, CA, IL.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.	CFDs on stocks, currencies, commodities, cryptocurrencies and indices
📙 Stocks
4,500+	1,600 +
📘 Currency Pairs
93	61
📗 Commodities
35	22
📕 Indices
24	25
📔 ETFs
700+	N/A
💸 Cryptocurrencies
5	18
📒 Bonds
14	11
📓 Options
N/A	N/A
📗 Futures
N/A	4
📝 Notes:
All of Forex.com’s assets are CFDs.	All ICMarkets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies per share (eg: 0.3 AMZN shares)	Varies by Stock
📉 Minimum ETFs Trade Size
Varies per ETF (eg: 5 contracts of XLK)	N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.01 BTC)	Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 contract of Gold)	Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Varies per Bond (eg: 1 contract of Euro Bobl)	Varies by Bond
📈 Minimum Futures Trade Size
N/A	Varies by Future
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:500	Up to 1:500
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Yes, $15 monthly after 1 year of inactivity.	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	No
💰 Commissions
Yes depending on account type. Standard account has no commissions “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn	No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	Dynamic - From 0 to 0.6 Pips
📉 SP500
From 60 Pips	Dynamic - From 20 to 45 Pips
📈 GOLD
From 50 Pips	Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread	N/A
📉 BTC
From $120	Dynamic - From $8.7 to $42
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
Yes	No