IC Markets vs. Interactive Brokers Comparison

This comparison guide assists users who have a hard time to choose in between IC Markets and Interactive Brokers to locate the best online broker for their trading and investment requirements. It assesses the highlights of both brokers alongside to assist individuals contrast their solution and make an educated decision.

To help users pick the right broker in between IC Markets and Interactive Brokers to discover the best-suited platform, below is a checklist of broker’s pros and cons, followed by a contrast of their main trading attributes, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, assets, policy, and client assistance.

IC Markets vs. Interactive Brokers: Summary

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

Pros

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

Pros

  • Low minimum deposit ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

Key features

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

Key features

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

IC Markets vs. Interactive Brokers Comparison

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IC Markets logo

IC Markets

Open account Read review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

BROKER COMPARISON

IC Markets logo
Interactive Brokers

Overall rating

4,5/5

4,9/5

Overall rating

4,5/5

4,9/5

Trading Platform & Tools

4.4

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 1:20
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

4.9

See details
Withdrawal Fee No 0
Deposit Fee No 1%
Inactivity Fee 0 0
Cost Per Trade $3.5 per lot 0
Cost Per Month 0 0
Forex (EUR/USD) 1.2 pips 0.2 pips + 0.08 to 0.20 bps times trade size comission
Stocks & ETF 0 $ 0.005 per share
CFD (Gold) 0 0.02%
Crypto 0 0.12% to 0.18% of trade value
Options 0
Conversion Fees 0.01% 0
Misc. Fees 0
Overnight Fees 0 Yes on CFD’s

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.8

4.9

See details
Minimum deposit (in UAE) $200 $0
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.6

4.9

See details
Shares 0 16.500
ETF & Funds 40 35.000
Crypto 0 4
Commodities 0 1
Indices 0 3052
Options 0 50.000
Futures 0 245
Bonds 0 1.000.000
Forex Instruments 75 115
CFD Indices & Funds 25 13
CFD Stocks 2100+ 8.000
CFD Commodities 28 2
CFD Crypto 13 0
CFD Bonds 9 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.7

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

IC Markets vs. Interactive Brokers Comparison Conclusion

The outcomes of our contrast of IC Markets vs. Interactive Brokers are wrapped up in the table below.

Broker:Best For:
IC MarketsForex and CFDs; Algorithmic Trading
Interactive BrokersStocks and ETFs

Picking the ideal selection between IC Markets and Interactive Brokers can be challenging. Both on-line brokers have similarities yet vary relating to trading instruments, platforms & applications, law, deposit & withdrawals, and study and education. Choosing the very best broker relies on customers’ trading & investment objectives, private choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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