Updated Jul 12 2022
Overview | |
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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. |
Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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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 | 4 Days |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2007 | 1992 |
💳 Minimum Deposit | |
$200 | From 500 € to 2,000 € depending on residence |
💰 Payment Methods | |
💵 Account Base Currencies | |
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. | 26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, IL. | US,BR,ES,IN,KE,MX,NG,PK,ZA |
📊 STP Account | |
Yes | Yes |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
Yes | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
1,600 + | 30,000+ |
📘 Currency Pairs | |
61 | 182 |
📗 Commodities | |
22 | 19 (CFDs) |
📕 Indices | |
25 | 29 (CFDs) |
📔 ETFs | |
N/A | 5,400+ |
💸 Cryptocurrencies | |
18 | 9 |
📒 Bonds | |
11 | 5,000+ |
📓 Options | |
N/A | 3,000+ |
📗 Futures | |
4 | 300+ |
📝 Notes: | |
All ICMarkets assets are CFDs. | N/A | Trading Experience |
📈 Minimum Stock Trade Size | |
Varies by Stock | N/A |
📉 Minimum ETFs Trade Size | |
N/A | N/A |
📈 Minimum Crypto Trade Size | |
Varies by Cryptocurrency (Eg: 0.01 BTC) | Varies by Cryptocurrency (eg: 0.01 units of BTC) |
📉 Minimum FX Trade Size | |
$1,000 - 0.01 Lots | $1,000 (0.01 lots) |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 0.01 Troy ounces of Gold) | N/A |
📉 Minimum Bonds Trade Size | |
Varies by Bond | N/A |
📈 Minimum Futures Trade Size | |
Varies by Future | N/A |
📉 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 1:66 |
✍ Customisable Leverage | |
Yes | No |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | No |
📺 MetaTrader 5 | |
Yes | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | Yes (through API) |
💻 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 | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
No | Up to $150 after 6 months of inactivity, £25 after one quarter in the UK |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 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. |
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract |
Spreads |
📈 EUR/USD | |
Dynamic - From 0 to 0.6 Pips | 0.8 Pips average - 0.4 for VIPs |
📉 SP500 | |
Dynamic - From 20 to 45 Pips | N/A |
📈 GOLD | |
Dynamic - From 30 Pips | N/A |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | N/A |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
Dynamic - From $8.7 to $42 | N/A | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |