The best alternatives to IC Markets are
- Pepperstone - Australian forex broker
- Fusion Markets - Australian forex broker
- Oanda - US forex broker
- 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 | Pepperstone | Fusion Markets | Oanda | FXCM | |
|---|---|---|---|---|---|
| Overall score | 4.4 | 4.5 | 4.3 | 4.6 | 4.2 |
| Fees score | 4.3 stars | 4.4 stars | 4.8 stars | 4.5 stars | 3.9 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 | 4.8 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 | 2.8 stars |
| Markets and products score | 1.7 stars | 1.7 stars | 1.8 stars | 1.5 stars | 1.5 stars |
|
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74-89% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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73.5% of retail CFD accounts lose money |
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75.38% 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 traders who value easy account opening and free deposit/withdrawal options
- Pepperstone is recommended for forex traders looking for low fees and good 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 67 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 a global FX and CFD broker that was founded in 2007. The company has serveral branches and is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and the Seychelles Financial Supervisory Authority (FSA).
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 who value easy account opening and free deposit/withdrawal options
| Pros | Cons |
|---|---|
| • Low forex fees | • No investor protection |
| • Easy and fast account opening | • No negative account balance protection |
| • Free deposit and withdrawal | • Limited number of available CFDs |
Fees
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 | Pepperstone | Fusion Markets | Oanda | FXCM | |
|---|---|---|---|---|---|
| EURUSD benchmark fee | $15.8 | $14.8 | $12.8 | $15.9 | $16.5 |
| EURGBP benchmark fee | $9.9 | $10.7 | $7.0 | $10.7 | $11.8 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
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 | Pepperstone | Fusion Markets | Oanda | FXCM | |
|---|---|---|---|---|---|
| Minimum deposit | $200 | $0 | $0 | $0 | $360 |
| Time to open account | 1 day | 1 day | 1 day | 1-3 days | 1-3 days |
Learn more about IC Markets minimum deposit here.
Deposit and withdrawal
IC Markets's depositing and withdrawal services are great. There are no fees for either and many options are available for moving your money in and out.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| 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 |
Web trading platform
The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in a lot of 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 | Pepperstone | Fusion Markets | Oanda | FXCM | |
|---|---|---|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars | 4.5 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 3.8 stars | 5.0 stars | 1.0 stars |
| Desktop platform score | 3.3 stars | 3.3 stars | 3.3 stars | 3.8 stars | 3.8 stars |
Learn more about IC Markets's web trading platform in the detailed IC Markets review.
Markets and products
At IC Markets, you can trade only with forex, some CFDs, and crypto products, no other assets are available.
| 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 |
Verdict
IC Markets is a great forex and CFD broker.
Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and user-friendly. The education section of its website is also a plus.
On the other hand, IC Markets offers only forex, stock CFD, crypto trading and a limited number of CFDs on futures, bonds, indicies. It also does not provide any investor or negative account balance protection.
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. |
| Fees score | 4.3 stars |
| Recommended for | Forex traders who value easy account opening and free deposit/withdrawal options |
IC Markets alternatives
Pepperstone
Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.
Pepperstone is considered safe since it's regulated by two top-tier financial authorities, 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. 78.6% 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 good customer service
| Pros | Cons |
|---|---|
| • Low forex and equity index CFD fees | • Only forex and CFDs |
| • Great customer service | • Basic news flow, |
| • Seamless and free deposit and withdrawal | • No investor protection for non-EU clients |
Fees
Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High financing rate for CFDs |
| • Low non-trading fees | |
| • Low forex fees |
| Pepperstone | IC Markets | |
|---|---|---|
| EURUSD benchmark fee | $14.8 | $15.8 |
| EURGBP benchmark fee | $10.7 | $9.9 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Pepperstone's account opening 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 |
| 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.
Deposit and withdrawal
Pepperstone provides plenty of options for deposit and withdrawal, 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 |
| Pepperstone | IC Markets | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
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 |
| 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 | 3.3 stars |
Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.
Markets and products
At Pepperstone you can only trade with forex and other CFDs (commodities, stock indices, share CFDs, cryptos)
| 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 |
Verdict
Pepperstone is a great forex and CFD broker, regulated by the top-tier FCA and ASIC.
Forex and equity index fees are low. 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 non-EU clients.
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 | 4.4 stars |
| Recommended for | Forex traders looking for low fees and good customer service |
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IC Markets alternatives
Fusion Markets
Fusion Markets is an Australian forex broker. It was founded in 2010 and is regulated by both the Australian Securities and Investments Commission (ASIC) and Vanuatu Financial Services Commission (VFSC) depending on your residency.
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 research tools |
| • Fast and easy account opening | • Limited educational tools |
| • Great customer service | • Limited product portfolio |
Fees
Fusion Markets has low forex fees and charges neither an inactivity fee nor a withdrawal fee.
| Pros | Cons |
|---|---|
| • Low non-trading fees | None |
| • Low forex fees | |
| • No withdrawal fee | |
| • No inactivity fee |
| Fusion Markets | IC Markets | |
|---|---|---|
| EURUSD benchmark fee | $12.8 | $15.8 |
| EURGBP benchmark fee | $7.0 | $9.9 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as it took only one day to get our account approved.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| 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.
Deposit and withdrawal
Fusion Markets doesn't charge fees for deposits and most withdrawal options. You can use a bank transfer, credit/debit cards, and electronic wallets for transferring money but the withdrawal is slow.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Slow withdrawal - over 3 days |
| • Free withdrawal | |
| • No deposit fee |
| Fusion Markets | IC Markets | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The web trading platform of Fusion Markets is provided by MetaTrader. It is highly customizable 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 |
| 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 | 3.3 stars | 3.3 stars |
Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.
Markets and products
Fusion Markets gives access to a lot of currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs, funds, etc.
| 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 |
Verdict
Fusion Markets is a great forex broker.
It offers low trading and non-trading fees. Account opening is fast and easy. Customer service gives quick and relevant answers.
On the negative side, Fusion Markets has limited research and educational tools. The product offering covers only forex and some CFDs.
As you will have an account within a day and there are low fees, feel free to try Fusion Markets.
| Fusion Markets | |
|---|---|
| Summary | Fusion Markets is an Australia-based forex broker, regulated by the ASIC. |
| Fees score | 4.8 stars |
| Recommended for | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
IC Markets alternatives
Oanda
Oanda is an American forex broker founded in 1996.
It is considered safe because it has a long track record, discloses its financials, and is regulated by top-tier authorities, such as the US Retail Foreign Exchange Dealer (RFED) 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.
Recommended for forex traders who value a user-friendly platform and great research tools
| Pros | Cons |
|---|---|
| • Generally low fees | • Only FX and some CFDs |
| • Easy-to-use web trading platform | • Poor customer service |
| • Easy and digital account opening | • High bank withdrawal fee |
Fees
Oanda charges low CFD and low forex fees. Non-trading fees are low, though the withdrawal fee is quite high for bank transfers.
| Pros | Cons |
|---|---|
| • Low trading fees | • High withdrawal fee for bank transfers |
| • Low forex fees | |
| • No withdrawal fee | |
| • No withdrawal fee in most cases |
| Oanda | IC Markets | |
|---|---|---|
| EURUSD benchmark fee | $15.9 | $15.8 |
| EURGBP benchmark fee | $10.7 | $9.9 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Oanda's account opening is straightforward, with no required minimum balance.
| Pros | Cons |
|---|---|
| • Fully digital | • Issues with ID verification can slow account opening |
| • No minimum deposit | |
| • Low minimum deposit |
| 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.
Deposit and withdrawal
There is no deposit fee and you can conveniently use your debit card for deposit. While withdrawal is free in most cases, it is expensive for bank transfers, and it involves a fee if you withdraw to your card more than once a month.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • High withdrawal fee for bank transfers |
| • No deposit fee | |
| • Withdrawal is free for PayPal and for the first debit card transaction each month |
| Oanda | IC Markets | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
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 |
| Oanda | IC Markets | |
|---|---|---|
| Web platform score | 4.5 stars | 2.8 stars |
| Mobile platform score | 5.0 stars | 3.8 stars |
| Desktop platform score | 3.8 stars | 3.3 stars |
Learn more about Oanda's web trading platform in the detailed Oanda review.
Markets and products
At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
| 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 |
Verdict
Oanda is a good forex broker: its fees are great, and it has a good web trading platform where you will quickly feel comfortable. It provides a user-friendly and fully digital account opening process, as well as powerful research tools, especially API.
On the other hand, Oanda has a limited product portfolio, as only forex and CFDs are available. Customer support is slow, and bank withdrawal fees can 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 two years.
| 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 | 4.5 stars |
| Recommended for | Forex traders who value a user-friendly platform and great research tools |
IC Markets alternatives
FXCM
FXCM, or Forex Capital Market, is a UK-based broker offering forex and CFDs. FXCM was established in 1999 and its 100% shareholder is the Jefferies Financial Group. Jefferies Group is listed on the New York Stock Exchange and it has an investment banking background.
FXCM is considered safe as it has a long track-record and it is regulated by top-tier financial authorities like the UK FCA and the Australian ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.38% 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 quality educational content |
Fees
FXCM has low trading fees and average non-trading fees. There are no account, deposit, or withdrawal fees. However, you have to pay a $50 fee after one year of inactivity.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • No withdrawal fee | • Inactivity fee is imposed after a year |
| FXCM | IC Markets | |
|---|---|---|
| EURUSD benchmark fee | $16.5 | $15.8 |
| EURGBP benchmark fee | $11.8 | $9.9 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
The account opening process at FXCM is hassle-free, and there is no minimum balance requirement. The minimum deposit is $360 (£300) in Europe, while $50 in non-EU countries. On the other hand, the account opening time is slower than usual.
| Pros | Cons |
|---|---|
| • Fully digital | • Account opening time slower than at most forex brokers |
| • Low minimum deposit | |
| • User-friendly |
| FXCM | IC Markets | |
|---|---|---|
| Minimum deposit | $360 | $200 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in FXCM minimum deposit, this overview will help you.
Deposit and withdrawal
There are several options both for deposit and withdrawal but the withdrawal time is slow compared to some of FXCM's competitors.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Slow withdrawal - over 3 days |
| • Free withdrawal | |
| • No deposit fee |
| FXCM | IC Markets | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
FXCM's trading platform is extremely customizable, you can use lots of order types, indicators . On the other hand, its Search function could be better.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • The Search function is useable but not the best on the market. |
| • Good variety of order types | |
| • Lot of technical indicators available. |
| FXCM | IC Markets | |
|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars |
| Mobile platform score | 1.0 stars | 3.8 stars |
| Desktop platform score | 3.8 stars | 3.3 stars |
Learn more about FXCM's web trading platform in the detailed FXCM review.
Markets and products
FXCM offers Forex and CFDs on stocks, stock indices, commodities and cryptos.
| 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 |
Verdict
FXCM has low trading fees, its technical research tools are of high quality and well organized, and the account opening is fast and straightforward.
FXCM offers Forex, stock, stock index, commodity and crypto CFDs. Their desktop, mobile and web-trading platforms are stable and easy to use.
Feel free to try FXCM as their inimum 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 | 3.9 stars |
| Recommended for | Forex traders looking for easy account opening, funding, and withdrawal |
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.
| Broker | Info | Recommended for |
|---|---|---|
| IC Markets | Australian forex broker | Forex traders who value easy account opening and free deposit/withdrawal options |
| Pepperstone | Australian forex broker | Forex traders looking for low fees and good 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 |
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