IC Markets
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76.27% of retail CFD accounts lose money.

Vs.

BDSwiss
Visit

69.2% of retail CFD accounts lose money.

IC Markets Vs. BDSwiss - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Sep 25 2023

Visit

76.27% of retail CFD accounts lose money.

Visit

69.2% of retail CFD accounts lose money.

Overview

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.

BDSwiss is a global broker headquartered in Switzerland that holds multiple financial licenses and offers access to over 250 financial instruments through 4 account types according to each trader's needs.

Best For
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
  • Beginners looking to learn the basics using the "Cent" account
  • Intermediate traders looking for quality fundamental analysis
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

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
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • CySec (Cyprus)
  • NFA (United States)
  • FSC (Mauritius)
The Good
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
  • Excellent educational library with analysis published on the daily basis
  • Suitable for traders who are willing to invest time in learning fundamental analysis.
The Bad
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Higher spreads and limited functionality for small accounts
  • Needs $1000 deposit to have access to a personal account manager, or $5,000 for the advantageous Raw account.
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
2007 2012
💳 Minimum Deposit Range
$200 $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Bitcoin
  • Sofort
  • Paypal
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Sofort
  • iDeal
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 4 - USD, EUR, GBP, SEK.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, IL.

BE, CD ,ER, JP, KP, LY, MU, SC, SO, SD, US.

📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
1,737 1,066
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
1,600 900
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
61 50
📗 Commodities
0 0
📗 Commodities CFDs
22 6
📕 Indices
0 0
📕 Indices CFDs
25 10
📔 ETFs
0 0
📔 ETFs CFDs
0 80
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
18 20
📒 Bonds
0 0
📒 Bonds CFDs
11 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable 1 Share
📉 Minimum ETFs Trade Size
Unavailable 1 ETF
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC) $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
None

10% of account balance after 90 days of inactivity (minimum at €25, maximum at €49.90).

💰 Deposit Fees
None

€10 flat fee for bank wire withdrawals equal to or less than €100.

💰 Withdrawal Fees
None None
💰 Commissions

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.

Yes depending on account type (Eg: Raw accounts have a $5 per lot round turn commission while other pay spreads).

Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips Dynamic - From 0.3 Pips to 1.5 Pips
📉 SP500
Dynamic - From 20 to 45 Pips Dynamic - From 39 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 27 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $3.30
📈 XLK (ETF - CFD)
Unavailable 0.10%
📉 BTC
Dynamic - From $8.7 to $42 Dynamic - From $190
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No Yes
📡 Account Management
No Yes
📡 Webinars
No Yes