IC Markets
Spreadex
Basic data of broker
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Recommended for Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options
Australia
UK
Fees
Low trading and non-trading fees
Low trading and non-trading 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
3
Deposit type
Withdrawal type
Account opening
$200
$0
1 day
1-3 days
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: national ID / passport / driver's license Proof of residency: bank statement / utility bill
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: 64% 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
£85,000
2007
1999
Cyprus, Australia, Seychelles
UK
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.
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 on par with Spreadex's and a comparison of their fees shows that IC Markets's fees are similar to Spreadex's.
Account opening takes somewhat less effort at IC Markets compared to Spreadex, deposit and withdrawal processes are somewhat easier at IC Markets, while customer service quality is somewhat lower than Spreadex's.
Our experts rated the trading platform of IC Markets as somewhat worse than the platform of Spreadex, found that clients have access to slightly more markets and products with IC Markets, while Spreadex provides less useful research and education.