IC Markets
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76.27% of retail CFD accounts lose money.

Vs.

Swissquote
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74-89% of retail CFD accounts lose money.

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

Updated Sep 23 2022

Visit

76.27% of retail CFD accounts lose money.

Visit

74-89% 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.

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

Best For
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
  • Traditional equity investors looking for a broad range of markets
  • Experienced traders looking to benefit from their amazing research tools
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

4

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MFSA (Malta)
  • HKMA (Hong Kong)
The Good
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
  • Outstanding asset offering with more than 60 exchanges across the world
  • Amazing research and analysis tools for all trader levels
  • Thematic investments with preconfigured product baskets
  • Offers banking services along with debit card
The Bad
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Their proprietary platform lacks many features and is not user friendly
  • Their commissions are extremely high
  • Overall everything feels complicated to use
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 1996
💳 Minimum Deposit
$200

Varies per account type and selected trading platform. From $0 up to $5,000.

💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Bitcoin
  • Sofort
  • Paypal
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, IL. US, JP, SY, IR.
📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

  • Real stocks, ETFs and options
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds
📙 Stocks
1,600 + 60 Stock Exchanges
📘 Currency Pairs
61 80+
📗 Commodities
22 12 CFDs
📕 Indices
25 26 CFDs
📔 ETFs
N/A 1400 +
💸 Cryptocurrencies
18 12 CFDs
📒 Bonds
11 54,000 + / 3 CFDs
📓 Options
N/A 6 Exchanges
📗 Futures
4 6 Exchanges
📝 Notes:
All ICMarkets assets are CFDs. N/A
Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock From $50
📉 Minimum ETFs Trade Size
N/A From $50
📈 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
Varies by Commodity (Eg: 0.01 Troy ounces of Gold) From $50
📉 Minimum Bonds Trade Size
Varies by Bond From $50
📈 Minimum Futures Trade Size
Varies by Future From $50
📉 Minimum Options Trade Size
N/A From $50
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 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
No Yes
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No $10 per withdrawal
💰 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.

For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.

Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips From 0 Pips to 1.3 Pips
📉 SP500
Dynamic - From 20 to 45 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 30 Pips N/A
📉 TSLA (Stock CFD)
Dynamic - Market Spread N/A
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 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 Yes