IC Marketsvs
Trade NationForex Broker Comparison
In this matchup, IC Markets and Trade Nation clash over pricing structures, platform access, and regulatory coverage. The outcome hinges on which factors traders value most.
Our Verdict
IC Markets winsClear Winner
IC Markets edges Trade Nation on the editorial score, underpinned by stronger regulation and broader platform coverage with deep liquidity.
IC Markets
4.7/5
Trade Nation
4.1/5
Key Differences
- 1IC Markets provides true ECN raw spreads with $7/lot commission
- 2Trade Nation offers fixed spreads from 0.6 pips with no commission
- 3IC Markets supports MT4 MT5 and cTrader; Trade Nation uses proprietary platform
Who should choose IC Markets vs Trade Nation?
Find out which broker best suits your trader profile.
Choose IC Markets if…
Choose IC Markets if you want MT4/MT5/cTrader access.
Choose Trade Nation if…
Choose Trade Nation if you prefer fixed spreads and no minimum deposit.
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 0.60 pips for Trade Nation, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
IC Markets vs Trade Nation: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.7/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.2 / 5 |
IC Markets vs Trade Nation Forex Broker Pros & Cons
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
IC Markets vs Trade Nation: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
IC Markets
criteria wins
1
Trade Nation
criteria win
Highlighted rows show where the two brokers differ
| Criteria | IC Markets | Trade Nation |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
IC Markets vs Trade Nation: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4.1/5 for Trade Nation. 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 Trade Nation's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Trade Nation has no minimum deposit, while IC Markets requires at least $200. This makes Trade Nation more accessible for traders with limited starting capital.
Both IC Markets and Trade Nation 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: Trade Nation has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
IC Markets lists maximum leverage of 500:1, while Trade Nation 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 Trade Nation are not currently available. Check their website for up-to-date pricing.
IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4, while Trade Nation supports Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. IC Markets has exclusive access to cTrader and MetaTrader 5 and TradingView. Trade Nation has exclusive access to Proprietary Web/Mobile.
