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Compare FXCM vs IC Markets


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

FXCM vs IC Markets
overall rating
4.3 / 5.0
4.5 / 5.0
overall pros
  • Low trading fees and financing rates
  • Good technical research tools
  • Fast and straightforward account opening
  • Low fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Limited product portfolio
  • Poor mobile platform
  • Poor desktop trading platform
  • No investor protection
  • No negative balance protection
  • Only forex, CFD, and crypto trading is provided
fees
4 stars
  • Low trading fees
  • No withdrawal fee
  • Low financing rate
  • Transparent fee structure
  • Inactivity fee
5 stars
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
account opening
4 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • Account opening takes several days
5 stars
  • Fast account opening
  • Fully digital account opening
  • User-friendly
deposit and withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
  • Slow funding and withdrawal - over 3 days
  • Withdrawal fee for bank transfer can be high
5 stars
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • User-friendly
web trading platform
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safe) login
  • Setting alerts is complicated
4 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No two-step (safe) login
mobile trading platform
2 stars
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safe) login
  • Poor search function
4 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Available in several languages
  • Not user-friendly
  • No two-step (safe) login
  • Setting alerts is not a piece of cake
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
markets and products
1 stars
  • Forex
  • CFD
  • Crypto
1 stars
  • Forex
  • CFD
  • Crypto
research
5 stars
  • Good interactive chart
  • Good set of analytical tools
  • No fundamental data available
4 stars
  • Good interactive chart
  • Good quality news flow
  • Analyst recommendations
  • No fundamental data available
customer service
5 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • No 24/7
4 stars
  • Relevant answers
  • Fast email and telephone support
  • 24/7 availability
  • Slow and irrelevant live chat
education
5 stars
  • Demo account
  • Educational videos
  • Easy to understand
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Good production quality
  • Regulated by top tier financial authority
  • Negative balance protection
  • £85,000 FSCS protection for European clients
  • Regulated by top tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Forex traders looking for easy account opening, funding, and withdrawal processes Forex traders preferring easy account opening and free deposit and withdrawals