IC Markets Logo
Our top alternative brokers to IC Markets
Oanda
4.4
Pepperstone
4.4
Open account
74-89% of retail CFD accounts lose money
Our top alternative brokers to IC Markets
Oanda
4.4
Pepperstone
4.4
Open account
74-89% of retail CFD accounts lose money
IC Markets Alternatives

The best alternatives to IC Markets are

  1. Pepperstone - Australian forex broker
  2. Fusion Markets - Australian forex broker
  3. Oanda - US forex broker
  4. FXCM - UK-based forex broker

Let's see in a bit more detail how the IC Markets alternatives compare to IC Markets and each other:

IC Markets alternatives comparison
IC Markets Pepperstone Fusion Markets Oanda FXCM
Overall score 4.4 4.4 4.5 4.4 4.4
Fees score 4.1 stars 3.7 stars 4.8 stars 2.9 stars 3.4 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 4.4 stars 4.4 stars
Deposit and withdrawal score 4.9 stars 4.3 stars 4.4 stars 4.2 stars 4.0 stars
Web platform score 2.8 stars 2.8 stars 2.8 stars 4.5 stars 3.3 stars
Markets and products score 1.8 stars 1.7 stars 1.8 stars 1.6 stars 1.6 stars
Open account
74.25% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money
Open account
74.74% of retail CFD accounts lose money

Why are these brokers considered good alternatives to IC Markets? There are many areas based on which IC Markets can be compared with others. When we say a given online broker is a good alternative to IC Markets we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

IC Markets alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
  • Pepperstone is recommended for forex traders looking for great account opening and customer service
  • Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
  • Oanda is recommended for forex traders who value a user-friendly platform and great research tools
  • FXCM is recommended for forex traders looking for easy account opening, funding and withdrawal

Important factors of finding IC Markets alternatives

So far BrokerChooser has reviewed 78 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether IC Markets or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. IC Markets is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost IC Markets alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At IC Markets this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at IC Markets, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given IC Markets alternative is a must.


Now let's dive into the details of how IC Markets and its alternatives perform in the most important areas!

IC Markets alternatives
IC Markets

IC Markets is an Australia-based global forex broker that was founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).

IC Markets is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Pros Cons
Low forex fees Limited product selection
Easy and fast account opening Slow live chat support
Free deposit and withdrawal No investor protection for non-EU clients

Open account
74.25% of retail CFD accounts lose money

Fees
4.1

IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
IC Markets alternatives trading fees
IC Markets Pepperstone Fusion Markets Oanda FXCM
EURUSD benchmark fee $7.7 $10.0 $4.9 $14.6 $12.5
EURGBP benchmark fee $7.5 $11.7 $5.0 $15.5 $16.4

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74.25% of retail CFD accounts lose money

Account opening
5.0

The account opening process at IC Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
IC Markets alternatives minimum deposit and account open times
IC Markets Pepperstone Fusion Markets Oanda FXCM
Minimum deposit $200 $0 $0 $0 $300
Time to open account 1 day 1 day 1 day 1-3 days 1-3 days

Learn more about IC Markets minimum deposit here.

Open account More
74.25% of retail CFD accounts lose money

Deposit and withdrawal
4.9

IC Markets's depositing and withdrawal services are great. Many options are available for moving your money in and out, and most of them are free of charge. On the negative side, international bank withdrawals have a high fee.
Pros Cons
Credit/Debit card available AUD 20 fee for international bank withdrawal
No deposit fee
Several account base currencies
IC Markets and alternatives withdrawal options and fees
IC Markets Pepperstone Fusion Markets Oanda FXCM
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes Yes Yes Yes
Electronic wallets Yes Yes No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Open account More
74.25% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
IC Markets - Web trading platform
IC Markets and alternatives trading platform scores
IC Markets Pepperstone Fusion Markets Oanda FXCM
Web platform score 2.8 stars 2.8 stars 2.8 stars 4.5 stars 3.3 stars
Mobile platform score 3.8 stars 3.8 stars 3.8 stars 5.0 stars 3.3 stars
Desktop platform score 3.4 stars 3.3 stars 3.4 stars 4.5 stars 3.3 stars

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

Open account
74.25% of retail CFD accounts lose money

Markets and products
1.8

At IC Markets, you can trade only with forex and CFDs. This means that many popular asset classes, like real stocks or ETFs, are not available.
IC Markets and alternatives markets and products
IC Markets Pepperstone Fusion Markets Oanda FXCM
Stock No No No No No
ETF No No No No No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes No Yes

Open account More
74.25% of retail CFD accounts lose money

Verdict

IC Markets is a great forex broker. 

Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and  the process is user-friendly. The education section of the website is also a plus.

On the other hand, IC Markets provides only forex and CFDs products for trading. In addition, live chat support could be better and non-EU clients are not covered by any investor protection scheme.

Feel free to try IC Markets, as you will have an account within a day and there is no inactivity fee.

IC Markets
Summary IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
Fees score 4.1 stars
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options

Open account More
74.25% of retail CFD accounts lose money

IC Markets alternatives
Pepperstone

Pepperstone is an Australian forex broker that also offers CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients. After Brexit, new clients registering from the EU are served by their German and Cyprus arm.

Pepperstone is considered safe because it's regulated by three top-tier financial authorities: the UK's Financial Conduct Authority (FCA), Germany's BaFin and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for great account opening and customer service

Pros Cons
Fast and fully digital account opening Only forex and CFDs
Great customer service Basic news flow
Seamless and free deposit and withdrawal No investor protection for clients outside the EU&UK

Open account
74-89% of retail CFD accounts lose money

Fees
3.7

Pepperstone has low non-trading fees, as no inactivity or account fee is charged. The forex fees are average, while the CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
Pros Cons
No withdrawal fee High costs for holding positions overnight
No inactivity fee
IC Markets vs. Pepperstone: Trading fees
Pepperstone IC Markets
EURUSD benchmark fee $10.0 $7.7
EURGBP benchmark fee $11.7 $7.5

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74-89% of retail CFD accounts lose money

Account opening
5.0

Pepperstone's account opening process is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
Pros Cons
Fast None
Fully digital
No minimum deposit
IC Markets vs. Pepperstone: Minimum deposit, time to open an account
Pepperstone IC Markets
Minimum deposit $0 $200
Time to open account 1 day 1 day

If you are interested more in Pepperstone minimum deposit, this overview will help you.

Open account More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.3

Pepperstone provides plenty of deposit and withdrawal options, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
Pros Cons
Credit/Debit card available High bank withdrawal fee for clients outside the EU/Australia
No deposit fee
Several account base currencies
IC Markets vs. Pepperstone: Withdrawal options
Pepperstone IC Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Pepperstone, a IC Markets alternative
IC Markets vs. Pepperstone: Trading platform scores
Pepperstone IC Markets
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.3 stars 3.4 stars

Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.

Open account
74-89% of retail CFD accounts lose money

Markets and products
1.7

At Pepperstone you can only trade with forex and other CFDs (commodities, stock indices, share CFDs, cryptos). This means that many popular asset classes, like real stocks and ETFs, are missing.
IC Markets vs. Pepperstone: Markets and products
Pepperstone IC Markets
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
74-89% of retail CFD accounts lose money

Verdict

Pepperstone is a great forex and CFD broker, regulated by the top-tier FCA, BaFin and ASIC.

The account opening is fast and fully digital. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.

On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. Their news flow is rather basic. Lastly, there is no investor protection for clients outside the UK&EU.

Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.
Fees score 3.7 stars
Recommended for Forex traders looking for great account opening and customer service

Open account More
74-89% of retail CFD accounts lose money

IC Markets alternatives
Fusion Markets

Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform

Pros Cons
Low trading and non-trading fees Basic educational tools
Fast and easy account opening Limited product selection
Great customer service No investor protection

Open account
74-89% of retail CFD accounts lose money

Fees
4.8

Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
Pros Cons
Low non-trading fees None
Low forex fees
No withdrawal or inactivity fees
IC Markets vs. Fusion Markets: Trading fees
Fusion Markets IC Markets
EURUSD benchmark fee $4.9 $7.7
EURGBP benchmark fee $5.0 $7.5

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74-89% of retail CFD accounts lose money

Account opening
5.0

Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
IC Markets vs. Fusion Markets: Minimum deposit, time to open an account
Fusion Markets IC Markets
Minimum deposit $0 $200
Time to open account 1 day 1 day

If you are interested more in Fusion Markets minimum deposit, this overview will help you.

Open account More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.4

Fusion Markets does not charge any fees for deposits and most withdrawal options. You can use bank transfer, credit/debit cards and electronic wallets for adding money; however, there are no minor account currencies accepted.
Pros Cons
Credit/Debit card available No minor account currencies accepted
Free withdrawal
No deposit fee
IC Markets vs. Fusion Markets: Withdrawal options
Fusion Markets IC Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

Open account More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of Fusion Markets, a IC Markets alternative
IC Markets vs. Fusion Markets: Trading platform scores
Fusion Markets IC Markets
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.

Open account
74-89% of retail CFD accounts lose money

Markets and products
1.8

Fusion Markets gives access to many currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs and funds.
IC Markets vs. Fusion Markets: Markets and products
Fusion Markets IC Markets
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
74-89% of retail CFD accounts lose money

Verdict

Fusion Markets is a great forex broker with very low fees. 

It offers low trading and non-trading fees. Account opening is fast and easy, and customer service provides quick and relevant answers.

On the negative side, Fusion Markets has limited educational tools. The product offering covers only forex and some CFDs. Lastly, there is no investor protection provided.

As you can open an account within a day and fees are low, feel free to try Fusion Markets.

Fusion Markets
Summary Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC and VFSC.
Fees score 4.8 stars
Recommended for Forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Open account More
74-89% of retail CFD accounts lose money

IC Markets alternatives
Oanda

Oanda is an American forex broker founded in 1996. It is still a private company, thus not listed on any stock exchange.

Oanda is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK's Financial Conduct Authority (FCA). 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The services offered by the broker's different entities differ slightly. In this review, we mainly focus on the UK one.

Recommended for forex traders who value a user-friendly platform and great research tools

Pros Cons
Great trading platforms High forex fees
Outstanding research tools Only FX and CFD available
Fast and user-friendly account opening No stock exchange listing and banking background

Fees
2.9

Oanda has high forex and average CFD fees. As a plus, the withdrawal fees are low.
Pros Cons
First credit/debit card withdrawal per month is free High forex fees
High financing rate
IC Markets vs. Oanda: Trading fees
Oanda IC Markets
EURUSD benchmark fee $14.6 $7.7
EURGBP benchmark fee $15.5 $7.5

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

More
73.5% of retail CFD accounts lose money

Account opening
4.4

Oanda's account opening is straightforward, with no required minimum balance.
Pros Cons
Fully digital None
No minimum deposit
IC Markets vs. Oanda: Minimum deposit, time to open an account
Oanda IC Markets
Minimum deposit $0 $200
Time to open account 1-3 days 1 day

If you are interested more in Oanda minimum deposit, this overview will help you.

More
73.5% of retail CFD accounts lose money

Deposit and withdrawal
4.2

Oanda charges no deposit and account fees. The inactivity fee is also reasonable. You can also withdraw your money free of charge with a debit or credit card, but bank transfers and PayPal withdrawals are quite costly.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers and PayPal
Free withdrawal
No deposit fee
IC Markets vs. Oanda: Withdrawal options
Oanda IC Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

More
73.5% of retail CFD accounts lose money

Web trading platform
4.5

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of Oanda, a IC Markets alternative
IC Markets vs. Oanda: Trading platform scores
Oanda IC Markets
Web platform score 4.5 stars 2.8 stars
Mobile platform score 5.0 stars 3.8 stars
Desktop platform score 4.5 stars 3.4 stars

Learn more about Oanda's web trading platform in the detailed Oanda review.

Markets and products
1.6

At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
IC Markets vs. Oanda: Markets and products
Oanda IC Markets
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No Yes

More
73.5% of retail CFD accounts lose money

Verdict

Oanda is a great forex broker. It has user-friendly trading platforms that you will quickly learn to use confidently. It also provides powerful research tools, especially trading APIs. The account opening is easy and quick.

On the other hand, Oanda has high forex fees and the product selection is limited to forex and CFD products. It doesn't have a banking background and is not listed on any stock exchange, two typical factors that enhance transparency and regulatory scrutiny. Withdrawal fees can also be high.

Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after one year.

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Fees score 2.9 stars
Recommended for Forex traders who value a user-friendly platform and great research tools

More
73.5% of retail CFD accounts lose money

IC Markets alternatives
FXCM

FXCM, or Forex Capital Markets, is a UK-based broker offering forex and CFDs trading. FXCM was established in 1999 and is 100% owned by the Jefferies Financial Group, which is listed on the New York Stock Exchange and has a background in investment banking.

FXCM is considered safe as it has a long track record, a strong parent company, and is regulated by top-tier financial authorities like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for easy account opening, funding and withdrawal

Pros Cons
Fast and straightforward account opening Limited product portfolio
Good technical research tools High bank withdrawal fees
High-quality educational content No two-step authentication on trading platforms

Open account
74.74% of retail CFD accounts lose money

Fees
3.4

FXCM has average trading and non-trading fees. There are no account, deposit, or credit/debit card withdrawal fees. However, you have to pay a $50 fee after one year of inactivity and bank withdrawal can be costly.
Pros Cons
No withdrawal fee Inactivity fee after one year
Low financing rate High bank withdrawal fees
IC Markets vs. FXCM: Trading fees
FXCM IC Markets
EURUSD benchmark fee $12.5 $7.7
EURGBP benchmark fee $16.4 $7.5

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74.74% of retail CFD accounts lose money

Account opening
4.4

The account opening process at FXCM is hassle-free, but the minimum deposit is $360 (£300) in Europe and $50 in non-EU countries. Also, the account opening time is longer than usual.
Pros Cons
Fully digital Slower than at most forex brokers
Low minimum deposit
User-friendly
IC Markets vs. FXCM: Minimum deposit, time to open an account
FXCM IC Markets
Minimum deposit $300 $200
Time to open account 1-3 days 1 day

If you are interested more in FXCM minimum deposit, this overview will help you.

Open account More
74.74% of retail CFD accounts lose money

Deposit and withdrawal
4.0

There are multiple options both for deposits and withdrawals, but bank withdrawals have high fees and only a few account currencies are available.
Pros Cons
Credit/Debit card available High bank withdrawal fees
No deposit fee No minor account base currencies are accepted
Free credit/debit card withdrawal
IC Markets vs. FXCM: Withdrawal options
FXCM IC Markets
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
74.74% of retail CFD accounts lose money

Web trading platform
3.3

FXCM's web trading platform is extremely customizable, provides a wide range of order types and has a great search function. On the other hand, it lacks two-step authentication and price alerts.
Pros Cons
Good search function No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Good variety of order types
Web trading platform of FXCM, a IC Markets alternative
IC Markets vs. FXCM: Trading platform scores
FXCM IC Markets
Web platform score 3.3 stars 2.8 stars
Mobile platform score 3.3 stars 3.8 stars
Desktop platform score 3.3 stars 3.4 stars

Learn more about FXCM's web trading platform in the detailed FXCM review.

Open account
74.74% of retail CFD accounts lose money

Markets and products
1.6

FXCM provides only forex and CFDs (on stocks, stock indices, commodities and cryptos). Popular asset classes, like real stocks and bonds, are not available for trading.
IC Markets vs. FXCM: Markets and products
FXCM IC Markets
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
74.74% of retail CFD accounts lose money

Verdict

FXCM is a great forex and CFD broker. It has a strong parent company and is regulated by multiple top-tier financial authorities, including the FCA and ASIC.

FXCM has a great account opening process, and its technical research and educational tools are high-quality and well-organized.

On the other hand, FXCM's product selection is limited to only forex, CFDs and cryptos. Bank withdrawal fees are high and trading platforms lack a secure two-step login. 

Feel free to try FXCM, as their minimum deposit requirement is low and the inactivity fee only kicks in after a year.

FXCM
Summary FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.
Fees score 3.4 stars
Recommended for Forex traders looking for easy account opening, funding and withdrawal

Open account More
74.74% of retail CFD accounts lose money

IC Markets alternatives
Bottom line

Based on our analysis, there are several good alternatives to IC Markets. They all offer similar products and target similar customers. Here's a recap of the results in a table.

IC Markets alternatives
Broker Info Recommended for
IC Markets Global forex broker Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Pepperstone Australian forex broker Forex traders looking for great account opening and customer service
Fusion Markets Australian forex broker Forex traders looking for low fees and a chance to use the MetaTrader 4 platform
Oanda US forex broker Forex traders who value a user-friendly platform and great research tools
FXCM UK-based forex broker Forex traders looking for easy account opening, funding and withdrawal

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

Open account
74.25% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money
Open account
74.74% of retail CFD accounts lose money
×