IC Markets
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76.27% of retail CFD accounts lose money.

Vs.

IG
Visit

79% of retail CFD accounts lose money.

IC Markets Vs. IG - Compare and Choose the Right One

Updated Nov 14 2022

Visit

76.27% of retail CFD accounts lose money.

Visit

79% 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.

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Best For
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
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

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
The Good
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
The Bad
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
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 1974
💳 Minimum Deposit Range
$200 From 0 to $300.
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Bitcoin
  • Sofort
  • Paypal
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

US, CA, IL.

SY, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
1,737 24,357
Exchange Access
0 8
📙 Real Stocks
0 10,000
📙 Stock CFDs
1,600 10,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
61 210
📗 Commodities
0 0
📗 Commodities CFDs
22 37
📕 Indices
0 0
📕 Indices CFDs
25 76
📔 ETFs
0 2,000
📔 ETFs CFDs
0 2,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
18 15
📒 Bonds
0 0
📒 Bonds CFDs
11 19
📓 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) 0.01 Contracts
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots 1 Contract
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots 1 Contract
📉 Minimum Bonds Trade Size
Unavailable 1 Contract
📈 Minimum Futures Trade Size
Unavailable 1 Contract
📉 Minimum Options Trade Size
Unavailable 1 Contract
💪 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 No
📺 cTrader
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee
None

After 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
None None
💰 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, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips Dynamic - From 0.9 Pips
📉 SP500
Dynamic - From 20 to 45 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $1.03
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 0 Pips
📉 BTC
Dynamic - From $8.7 to $42 Dynamic - From $1.03
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No No
📡 Account Management
No No
📡 Webinars
No Yes