Global Primevs
IC MarketsForex Broker Comparison
Two ECN-style brokers face off on costs, execution quality and platform breadth, testing whether broader regulation and platform choice deliver real value for traders.
Our Verdict
IC Markets winsby 0.5 pts
IC Markets edges Global Prime on the editorial score, supported by higher rating and a broader platform suite including MT5 and TradingView with true ECN raw spreads.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Regulatory reach: IC Markets has ASIC, CySEC, FSCA; Global Prime has ASIC and VFSC.
- 2Instruments offered: IC Markets lists 2200 instruments vs Global Prime 150.
- 3Platform availability: IC Markets offers MT4, MT5, cTrader, TradingView; Global Prime offers MT4, cTrader.
Who should choose Global Prime vs IC Markets?
Find out which broker best suits your trader profile.
Choose Global Prime if…
Choose Global Prime if you value ASIC regulation with published quarterly execution quality reports and true NDD execution with no internal position matching.
Choose IC Markets if…
Choose IC Markets if you want multi-jurisdiction regulation, investor compensation coverage, and multilingual 24/5 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
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
Recommended
Global Prime 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 | 4.5 / 5 | 4.6 / 5▲ |
Global Prime vs IC Markets Forex Broker Pros & Cons
Pros
ASIC regulated with published quarterly execution quality reports
Raw spreads from 0.0 pips with $7 round-turn commission
True NDD execution, no internal position matching
MT4 and cTrader available
Client funds held in segregated accounts
Global Prime vs IC Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
Global Prime
criteria wins
4
IC Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Global Prime | 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) | Fail | 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 | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Pass |
Global Prime vs IC Markets: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4.2/5 for Global Prime. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both Global Prime and IC Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Both Global Prime and IC Markets require a minimum deposit of $200 to open a live trading account.
Both Global Prime 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
Global Prime lists maximum leverage of 500:1, 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.
Both Global Prime and IC Markets charge the same commission of $7 per lot on applicable accounts.
Global Prime supports cTrader, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 4. IC Markets has exclusive access to MetaTrader 5 and TradingView.
