FXTMvs
IC MarketsForex Broker Comparison
FXTM and IC Markets square off in a clash of cost, platforms, and regulation. Both bring strong regulation and MT4/MT5 support, but their pricing models diverge.
Our Verdict
IC Markets winsby 0.5 pts
IC Markets edges FXTM on cost and execution with true ECN 0 pip spreads and a $7/lot commission, plus MT4/MT5/cTrader/TradingView; FXTM remains competitive with a $10 minimum and strong education.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Instrument variety: IC Markets offers 2200 instruments vs FXTM's 600
- 2Platform diversity: IC Markets adds cTrader and TradingView beyond MT4/MT5; FXTM does not
- 3Cost structure: IC Markets 0 pip spreads with $7/lot; FXTM has no per-lot commission
Who should choose FXTM vs IC Markets?
Find out which broker best suits your trader profile.
Choose FXTM if…
Choose FXTM if you want a low minimum deposit and strong educational resources.
Choose IC Markets if…
Choose IC Markets if you prioritize true ECN spreads, higher instrument choice, and multi-platform support.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
IC Markets offers tighter spreads from 0.00 pips vs 1.50 pips for FXTM, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXTM vs IC Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.6 / 5▲ |
FXTM vs IC Markets Forex Broker Pros & Cons
Pros
Low $10 minimum deposit on Micro accounts
Strong copy trading via FXTM Invest platform
Extensive education, webinars, video courses, and market analysis
Multilingual support in 20+ languages
Regulated by top-tier authorities (FCA, ASIC, CySEC)
FXTM vs IC Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FXTM
criteria wins
1
IC Markets
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FXTM | IC Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FXTM vs IC Markets: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4.2/5 for FXTM. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
IC Markets starts from 0 pips, tighter than FXTM's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
FXTM has $10, while IC Markets requires at least $200. This makes FXTM more accessible for traders with limited starting capital.
Both FXTM and IC Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: FXTM requires a lower minimum deposit ($10), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXTM lists maximum leverage of 1000:1, while IC Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
IC Markets charges $7 per lot on commission-based accounts. Commission details for FXTM are not currently available. Check their website for up-to-date pricing.
FXTM supports MetaTrader 5, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. IC Markets has exclusive access to cTrader and TradingView.
