Compare Forex.com vs IC Markets


Online brokers compared for fees, trading platforms, safety and more. See how Forex.com stacks up against IC Markets!

Forex.com vs IC Markets
overall rating
4.5
4.4
overall pros
  • Low forex fees
  • Great variety of currency pairs
  • Diverse technical research tools
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Non-user-friendly desktop platform
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
fees
4.1
  • Low forex fees
  • No withdrawal fee
  • Low stock index CFD fees
  • Inactivity fee
  • High stock CFD fees
4.3
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Relatively slow account verification
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
web trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Outdated design
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.9
  • Forex
  • CFD
  • Crypto
1.8
  • Forex
  • CFD
  • Crypto
research
4.3
  • Good interactive chart
  • Trading ideas
  • High-quality market reports
  • No fundamental data available
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
3.9
  • Live chat
  • Great telephone support
  • 24-hour support Sunday to Friday
  • No 24/7 support
  • Slow email support
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and not useful live chat
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos are hard to find on the site
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • Long track record
  • Negative balance protection for EU customers
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders looking for low fees and great research tools Forex and CFD traders who value easy account opening and free deposit/withdrawal options
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