This contrast guide assists users that struggle to pick in between IC Markets and Lightspeed to find the best online broker for their trading and financial investment requirements. It analyzes the main features of the two brokers side by side to aid individuals contrast their solution and make a notified choice.
To assist customers pick the best broker between IC Markets and Lightspeed to discover the best-suited system, below is a checklist of broker’s benefits and drawbacks, adhered to by a comparison of their main trading features, consisting of trading systems & tools, costs, mobile trading, deposit & withdrawal, assets, law, and consumer support.
IC Markets vs. Lightspeed: Summary
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.
Lightspeed is a globally operating online broker regulated by FINRA. They offer users access to 6,000 stocks, options, and futures. Their trading platforms ( LightSpeed Trader, LightSpeed Web & Mobile, and Sterling Trader Pro) offer advanced trading and charting tools including level 2 trading and dynamic charting, LiveVolX and Eze EMS.
Lightspeed offers low per-share and per-contract fees for high volume traders. The minimum deposit requirement at Lightspeed is $10,000 or $25,000.
Lightspeed’s customer support is available 24/7 through email, live chat, and phone in English language.
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
- Great choice of different trading platforms
- Wide range of stocks, options and features
- Responsive customer support
- Competitive pricing on higher volume
Cons
- High minimum deposit requirement
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
- Access to over 10,000 different stocks, ETFs, options, and futures
- Trading fee discounts for active stock and ETF traders
- Broad range of risk management tools and third-party software
- Extensive education section with live webinars, trading courses, and and blog
- Level 2 order book information and dynamic charting features
- Fast order routing
IC Markets vs. Lightspeed Comparison
Select up to 3 Brokers
IC Markets
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.
Lightspeed
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:500 | 6:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | No | $50 per transaction |
| Deposit Fee | No | 0 |
| Inactivity Fee | 0 | $25 if no trading in previous year |
| Cost Per Trade | $3.5 per lot | $4.50 |
| Cost Per Month | 0 | Yes, depending the platform |
| Forex (EUR/USD) | 1.2 pips | 0 |
| Stocks & ETF | 0 | $0.0045 per share |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | $0.60 per contract |
| Conversion Fees | 0.01% | 0 |
| Misc. Fees | 0 | |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | $10,000.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 4 markets |
| ETF & Funds | 40 | 4 markets |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 8 markets |
| Futures | 0 | 9 markets |
| Bonds | 0 | 0 |
| Forex Instruments | 75 | 0 |
| CFD Indices & Funds | 25 | 0 |
| CFD Stocks | 2100+ | 0 |
| CFD Commodities | 28 | 0 |
| CFD Crypto | 13 | 0 |
| CFD Bonds | 9 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IC Markets vs. Lightspeed Comparison Conclusion
The outcomes of our contrast of IC Markets vs. Lightspeed are wrapped up in the table below.
| Broker: | Best For: |
| IC Markets | Forex and CFDs; Algorithmic Trading |
| Lightspeed | Stocks, futures and options; High volume traders |
Picking the best selection in between IC Markets and Lightspeed can be tough. Both on the internet brokers have similarities but vary pertaining to trading instruments, platforms & apps, policy, down payment & withdrawals, and research study and education. Choosing the very best broker depends on customers’ trading & investment objectives, specific 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.