This matchup pits a native exchange with social copy trading against a regulated CFD broker offering crypto across MT4/MT5/cTrader/TradingView.
Find out which crypto exchange best suits your trading profile.
Choose if…
Choose BingX if you want a native exchange with 700+ coins.
Choose if…
Choose IC Markets if you want regulated crypto CFDs with segregated funds and access to MT4, MT5, cTrader, and TradingView.
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
| Criteria | ||
|---|---|---|
| Editorial score | 3.9/ 5 | 4.1/ 5 |
| Min Deposit | No minimum▼ lower | $200 |
| Spreads From | N/A | 0 pips |
| Taker Fee | 0.10%▼ lower | 7.00% |
A closer look at the specific criteria each exchange meets or misses within each scoring category.
| Criteria | BingX | IC Markets |
|---|---|---|
| Security | ||
| Cold storage for assets | Pass | Fail |
| Proof of reserves published | Pass | Fail |
| Segregated client funds | Fail | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Fail | Pass |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Pass | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
The scores are close: BingX rates 3.9/5 and IC Markets rates 4.1/5. IC Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
IC Markets lists a spread from 0. Current spread data is not available for BingX. Check both exchanges' full fee schedules, including maker/taker rates, for up-to-date pricing.
BingX has no minimum deposit, while IC Markets requires at least $200. This makes BingX more accessible for traders looking to start with a smaller crypto investment.
IC Markets holds top-tier regulation (ASIC, CySEC, FSCA), providing stronger investor protections. BingX may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: BingX has no minimum deposit, removing the capital barrier entirely, and IC Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
BingX offers up to 150:1 on perpetual or margin products, versus IC Markets's 2:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
BingX charges $0.1 per trade, lower than IC Markets's $7 per trade. Lower commissions benefit active traders who execute many trades per day. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
BingX supports Proprietary Web/Mobile, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. BingX has exclusive access to Proprietary Web/Mobile. IC Markets has exclusive access to cTrader and MetaTrader 5 and TradingView and MetaTrader 4.
BingX lists 500+ coins while IC Markets does not meet this threshold in our data. For traders who want access to many altcoins, BingX has the broader selection. Confirm specific coin availability for your region on each exchange's website.
IC Markets wins for security due to regulation, segregated funds, and negative balance protection.
BingX edges out on fees with explicit 0.02% maker and 0.05% taker futures fees.
BingX lists 700+ coins, offering wide altcoins compared with IC Markets' 20+.
BingX is favored for beginners due to social copy trading and transparency.
Equally matched; neither offers DeFi access or on-chain Web3 features.
| N/A |
| 0.7 pips |
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | CryptoBank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNetellerPayPal |
|---|
| Withdrawal methods | CryptoBank transfer | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Network fee only | Free |
|---|
| Regulators | VARA | ASIC CySEC FSCA |
|---|
| Cold Storage | Yes | No |
|---|
| Proof of Reserves | Yes | No |
|---|
| Staking | No | No |
|---|
| DeFi Integration | No | No |
|---|
| NFT Trading | No | No |
|---|
| 500+ Coins | Yes | No |
|---|
| P2P Trading | No | No |
|---|
| Crypto Earn / Savings | No | No |
|---|
| Token Launchpad | No | No |
|---|
| Active bonuses | 2 offers | None |
|---|
BingX and IC Markets remain closely matched overall; the clearest differentiator is BingX's native exchange with proof of reserves versus IC Markets' regulated crypto CFDs.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
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