Broker comparison between FXTM vs IC Markets
Do you want to figure out which is the better broker, fxtm or ic-markets?
In the following table, you can compare the features of fxtm and ic-markets side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does fxtm or ic-markets have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that fxtm and ic-markets are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation
Founded in 2011, FXTM is an online forex broker, providing services for foreign exchange, indices, commodities, and more financial instruments. FXTM is regulated in multiple jurisdictions worldwide, with offices in Europe, the Middle East, Africa, Asia, and Latin America, attracting over 2 million clients from over 150 countries worldwide. Exinity Limited is regulated by the Mauritius Financial Services Commission, and Exinity UK Ltd is regulated by the Financial Conduct Authority (FCA) in the UK (Reg. No. 777911), and Forextime Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) (Reg. No. 185/12).
FXTM offers over 250 trading products to investors worldwide, covering a wide range of investment instruments such as currency pairs, precious metals, commodity CFDs, index CFDs, equities CFDs, and more.
To meet different investors' investment needs and trading experience, FXTM has set up several account types. The main account types are Standard and ECN accounts. Standard Accounts are subdivided into Standard accounts (with the minimum deposit of $100/€/£), FX Cent accounts ( with the minimum deposit of $10/€/£), and Equity CFD accounts (with the minimum deposit of 100 USD/EUR/GBP). ECN accounts are divided into ECN accounts (with the minimum deposit 500 USD/EUR/GBP), ECN zero commission accounts (with the minimum deposit 200 USD/EUR/GBP) and FXTM Pro accounts (with the minimum deposit 25, 000 USD/EUR/GBP).
Lverage Lever also differs depending on different accounts. Standard accounts with floating leverage of 1:2000, FX Cent accounts with the leverage of 1:1000 to 1:25 (FX), and the Equity CFD account with the fixed leverage 1:10 for US equities, 1:3 for European equities, the ECN accounts with the floating leverage 1:2000, the ECN Zero commission account 1:2000, and FXTM Pro account with a flexible leverage: 1:200 to 1:25.
Spreads & Commissions
Minimum spreads start at 1.3 pips for Standard accounts, 1.5 pips for Forex Cent accounts, and 0.1 pips for Equity CFD accounts. Minimum spreads start at 0.1 pips for ECN accounts with a commission of $2 per lot (one side), minimum spreads start at 1.5 pips for ECN zero commission, and 0 pips for FXTM Pro accounts. FXTM offers flexible rules for ECN MT4 accounts offer flexible rules for floating commissions. The more funds an investor has and the larger their trading volume, the lower the commission they pay. Please note that the commission formula for ECN MT4 is: (Volume * Contract Operation * Opening Price) / 1,000,000 * Commission * 2.
FXTM Trading Platform
FXTM offers desktop, Apple, mobile, and tablet versions of the industry-leading trading platforms MetaTrader 4 and MetaTrader 5 to meet a wide range of traders' needs and increase their trading flexibility. If traders prefer to trade directly through their browser, they can use MT4 and MT5 on PC and Mac To trade, WebTrader - no download required! For traders with multiple accounts, FXTM also offers traders a Multiple Account Management System (MAM) on MT4 for easy management and ultimate convenience.
Deposit & Withdrawal
FXTM offers its clients various deposit and withdrawal methods, mainly VISA, MasterCard, Maestro credit cards, Skrill, Moneybookers, VLOAD, TC Pay wallet, NETELLER (VIP clients only), PayPal, Perfect Money, Bitcoin, Internet banking, local transfers in India and Pakistan, local transfers in Nigeria, no commission for deposits. Withdrawals via VISA, MasterCard, Maestro are subject to a fee of US$3/€2/£2. Withdrawals via PayPal are subject to 2%, withdrawals via Perfect Money are subject to a fee of 0.5%, withdrawals via Bitcoin are subject to a fee of 1%. There is no fee for other withdrawal methods.
IC Markets is a leading forex broker around the globe, offering various solutions for active traders, day traders, scalpers and more. IC Markets allows its clients access to a massive market with diversified types of trading instruments. To give its clients an excellent trading experience, this brokerage offers tight spreads, as low as 0.0 pips, and generous leverage up to 1:500, both top-notch MT4 & MT5 trading platforms available.
Two entities of this brokerage are regulated in their jurisdictions respectitively:
IC Markets (EU) Ltd is a limited company registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission with License No. 362/18
INTERNATIONAL CAPITAL MARKETS PTY. LTD., authorized and regulated by the Australia Securities and Investment Commission, with Regulatory License No. 335692
IC Markets offers investors a diversified range of investment assets, mainly popular currency pairs in the foreign exchange market, commodities, indices, bonds, cryptocurrencies, stocks, futures.
To meet different investors' investment needs and trading experience, IC Markets offers three different types of accounts, which are Raw Spread Accounts (cTrader), Raw Spread Accounts, and Standard Accounts. The minimum deposit for the three types of accounts is €200,
IC Markets Leverage
IC Markets offer the highest leverage level of up to 500:1 from its offshore FSA regulatory division in the Seychelles. This leverage varies across the brokers 65 currency pairs and other CFDs (such as cryptocurrencies). The brokers offshore branch offers the following leverage:
Forex, gold and commodities 500:1
Indices, futures and bonds 200:1
Spreads & Commissions
The spreads on the original spread account (cTrader) start from 0.0 pips, and the commission is €3/ per 100K traded. The spreads on the original spread account start from 0.0 pips, and the commission is €3.50/100K volume. Standard accounts have spread from 1.0 pips and no commission.
IC Markets offers traders the MT4, MT5, and cTrader trading software to meet a wide range of user needs. MT4 is currently the most popular trading platform with a highly customizable, user-friendly interface with several technical indicators and data analysis tools to help traders develop different trading strategies. MT5 is the latest version of MT4 and has all the positive features of MT4 with more powerful trading capabilities. cTrader is a platform specifically designed for high-speed execution through which traders can trade global markets. cTrader's independent design, elegant interface, and advanced features make it a favorite among freelance traders.
Deposit and withdrawal
IC Markets supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, NETELLER, Skrill, and wire transfer.
IC Markets offers 24/7 customer support via a range of contact methods. Local customer support is available from their Sydney office at Level 6 309 Kent Street Sydney, NSW 2000. CFD traders can reach them through different channels like email, Skype or by phone. Their Sydney response time is within 15 minutes based on our enquiries with the most complex issues solved within a day. Live chat customer service is also offered by the CFD provider.
Does fxtm or ic-markets have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fxtm and ic-markets are, we first considered common fees for standard accounts. On fxtm, the average spread for the EUR/USD currency pair is -- pips, while on ic-markets the spread is --.
Which broker is safer, fxtm or ic-markets?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. fxtm is regulated by ASIC,CYSEC. ic-markets is regulated by CYSEC,FCA,FSCA.
Which broker provides better trading platform, fxtm or ic-markets?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. fxtm Available trading platforms include MT4 ECN account、cTrader ECN account、MT4 standard account, tradable financial instruments include Advantage Plus、Advantage、Micro ic-markets works/provides MT4 ECN account、cTrader ECN account、MT4 standard account trading platform, trading instruments Advantage Plus、Advantage、Micro