IC Markets
Royal
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Recommended for Traders looking for low forex fees and preferring the MetaTrader platform
Australia
Australia
Fees
Low trading and non-trading fees
Low forex, but high CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
12
Deposit type
Withdrawal type
Account opening
$200
$50
1 day
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement / tax statement from last 3 months
Proof of identity: valid passport or government ID, AND a driving license Proof of residency: utility bills, bank or credit card statement, tenancy contract or a residency certificate
Trading platform
Markets and products
Disclaimer: 74.32% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 86.67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Mid-range
Customer service
Security
€20,000 protection for customers under CySEC, no protection for others
€20,000 for clients under CySEC
2007
2006
Cyprus, Australia, Seychelles
Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
IC Markets's service is slightly better than Royal's and a comparison of their fees shows that IC Markets's fees are lower than Royal's.
Account opening takes about the same effort at IC Markets compared to Royal, deposit and withdrawal processes are about the same quality at IC Markets, while customer service quality is somewhat lower than Royal's.
Our experts rated the trading platform of IC Markets as being of the same quality as the platform of Royal, found that clients have access to slightly more markets and products with IC Markets, while Royal provides somewhat better research and education.