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
4.2
4.4
overall pros
  • Fast and straightforward account opening
  • Good technical research tools
  • High quality educational content
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Limited product portfolio
  • Poor mobile platform
  • Poor website trading platform
  • No investor protection
  • No negative balance protection
  • Only forex, CFD and crypto trading
fees
4.0
  • Low trading fees
  • No withdrawal fee
  • High AUDUSD trading fee
4.0
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
account opening
4.0
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Account opening time slower than at most forex brokers
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Slow withdrawal - over 3 days
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web 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
  • Poor search function
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
1.0
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
4.0
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.0
  • Forex
  • CFD
  • Crypto
2.0
  • Forex
  • CFD
  • Crypto
research
5.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
4.0
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
5.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
  • Slow and irrelevant live chat
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection
  • Majority of clients belong to a 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 Forex traders who value easy account opening and free deposit/withdrawal options
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