Updated May 13 2022
Overview | |
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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 | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2001 | 2007 |
💳 Minimum Deposit | |
$100 | $200 |
💰 Payment Methods | |
💵 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 | |
📙 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.
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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 |