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Do you want to know which is the better broker between IC Markets and Fortrade ?
In the table below, you can compare the features of IC Markets , Fortrade side by side to determine the best fit for your needs.
EURUSD: -0.1
XAUUSD: 0.2
Long: -6.25
Short: 2.56
Long: -32.83
Short: 20.77
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of ic-markets, fortrade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
IC Markets is a respected and well-regulated broker, providing a wide range of trading instruments, including over 2250 options, with competitive spreads starting at 0.0 pips. You can start with a demo account to gain experience, and opening a live account only requires a $200 deposit. They offer advanced trading platforms like MT4, MT5, and cTrader. Let's now delve into this IC Markets review.
Quick IC Markets Review in 10 Key Points | |
Registered in | Australia |
Regulated by | ASIC, CYSEC |
Founded in | 2007 |
Trading instruments | Forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, futures |
Minimum Initial Deposit | $200 |
Maximum Leverage | 1:500 |
Minimum spread | 0.0 pips onwards |
Trading platform | MetaTrader4, MetaTrader5, cTrader |
Deposit and withdrawal method | Neteller, skrill, bank transfer, VISA, Mastercard, paypal, credit card, debit card, unionpay, poli, wire transfer, rapidpay, klarna |
Customer Service | Email, phone number, address |
Pros | Cons |
IC Markets offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, IC Markets has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
IC Markets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IC Markets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that IC Markets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients.
IC Markets is an Australian-based online forex and CFD broker that provides traders access to the global financial markets. The company was founded in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets offers a range of trading instruments, including forex, indices, commodities, and cryptocurrencies, and provides traders with advanced trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. The company also offers 24/7 customer support and a variety of educational resources for traders of all levels.
In the IC Markets review, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
IC Markets maintains regulatory compliance in both Australia and Cyprus, adhering to the respective financial regulatory standards in these jurisdictions. Regulatory oversight by ASIC and CYSEC helps ensure transparency and accountability in the broker's operations, contributing to a safer trading environment for clients.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | INTERNATIONAL CAPITAL MARKETS PTY. LTD. | Market Making(MM) | 335692 | |
CYSEC | IC Markets (EU) Ltd | Market Making(MM) | 362/18 |
IC Markets' Australian entity, INTERNATIONAL CAPITAL MARKETS PTY. LTD., regulated by ASIC under license number 335692, holding a license for Market Making (MM).
IC Markets' enropean entity, IC Markets (EU) Ltd, regulated by CYSEC under regulatory number 362/18, holding a license for Maket Making ( MM) as well.
WikiFX's investigation team personally visited the registered address located at Omonoias, 141, The Maritime Centre, Block B, 1st floor, 3045, Limassol, Cyprus. Notably, the IC Markets logo was prominently displayed on billboards in the vicinity of the building. Hence, their visit to the location confirmed that IC Markets was indeed operating from the officially designated regulatory address.
Pros | Cons |
Over 2250 instruments available | None mentioned |
Opportunity to diversify investment portfolio | |
Access to multiple markets and assets |
IC Markets offers a wide range of over 2250 tradable instruments to trade, including forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, and futures. This provides traders with the opportunity to diversify their investment portfolio and access multiple markets and assets. The company offers competitive spreads and low commissions on all instruments, making it a popular choice among traders. With such a diverse range of trading instruments, IC Markets caters to a wide range of trading strategies and investment goals.
IC Markets, a well-known forex broker, requires a minimum deposit of $200 for traders to open an account. In the industry, many established brokers frequently impose minimum deposit requirements that surpass $500 or even reach $1,000. In contrast, certain major players such as Avatrade and Aixtrader only mandate minimum deposits of $100 and $0, respectively. So, IC Markets's minimum deposit requirement seems to be in the “middle”.
Here is the comparison of IC Markets minimum deposit with Avatrade, Exness, and Axitrader:
Broker | Minimum Deposit |
$200 | |
$100 | |
$1 USD | |
$100 |
IC Markets Account Types
Pros | Cons |
Wide range of account types | High minimum deposit requirement |
Demo account available | Standard account has wider spreads |
Islamic account available | Commission charged on some accounts |
Different trading platforms | Limited information on account features |
Competitive spreads on some accounts |
C Markets offers traders a range of account types with different trading platforms, commissions, and spreads. The CTrader and Raw spread accounts charge a commission of $3 and $3.5 respectively but offer spreads from 0.0 pips, while the Standard account has no commission but wider spreads from 0.6 pips. A demo account and Islamic account are also available. Although the minimum deposit of $200 may be high for some traders, the variety of account types and competitive spreads on some accounts may make up for it. However, traders should note that commissions are charged on all other accounts apart from the Standard account, and there is limited information on account features.
IC Markets offers a free advanced demo account for beginner traders to practice on, which lasts for 30 days.
Users who open a demo account can enjoy the following features:
Access to Raw Pricing
Spreads Starting at 0.0 Pips
Fast Order Execution
Available on MT4, MT5 and cTrader platforms
However, demo accounts aim to mimic real markets but function in a simulated environment. This means there are significant differences compared to real accounts, including not relying on real-time market liquidity, encountering price delays, and having access to certain products that may not be tradable on live accounts.
Opening a demo account is simple:
Step 1: click the “Try a Free DEMO” button on the homepage of IC Markets.
Step 2: Fill in your personal info, including your country of residence, name, email, phone number to get a verification code.
Step 3: Choose to demo accounts on your preferrable trading platform, MT4, MT5, or cTrader. Then choose your account currency, virtual funds, starting from $200 to $5,000,000, your desired leverage level.
Step 4: Log into your demo account and start trading.
Pros | Cons |
Low spreads starting from 0.0 pips | Commissions may be higher than other brokers |
Variety of account types to choose from | High spreads on some account types |
Transparent commission structure | Some accounts require higher minimum deposits |
No hidden fees or charges | Some withdrawal methods may have fees |
Scalping and hedging allowed | Inactivity fees after 12 months of no activity |
IC Markets is known for its tight spreads and low commissions, making it a popular choice among traders. The broker offers a variety of account types to choose from, including the Raw Spread account with spreads starting from 0.0 pips and a $3.5 commission per lot traded, and the Standard account with spreads starting from 0.6 pips and no commission. The cTrader account also offers low spreads starting from 0.0 pips, with a $3 commission per lot traded. It's important to note that while some account types may have higher commissions, the broker is transparent about its commission structure and there are no hidden fees or charges. The broker also allows scalping and hedging strategies. However, there are inactivity fees after 12 months of no activity. Additionally, some withdrawal methods may have fees.
Pros | Cons |
Support for popular platforms: MetaTrader4, MetaTrader5, cTrader | Limited selection of platforms |
Variety of trading tools and indicators | Limited customization options for cTrader |
Advanced charting capabilities | Steep learning curve for cTrader |
Ability to use EAs and automate trading strategies | MetaTrader4 and MetaTrader5 are similar, which can be confusing for some traders |
Mobile trading apps available for all platforms |
IC Markets offers its clients a variety of trading platforms, including the popular MetaTrader4 and MetaTrader5 platforms as well as the cTrader platform. Each platform offers unique advantages and disadvantages, and traders can choose the platform that best suits their needs. The MetaTrader4 and MetaTrader5 platforms are similar and offer a range of trading tools and indicators, as well as the ability to use Expert Advisors (EAs) and automate trading strategies. The cTrader platform, on the other hand, offers advanced charting capabilities and a variety of order types. However, it has a steeper learning curve and limited customization options compared to the MetaTrader4 and MetaTrader5 platforms. Additionally, traders should note that IC Markets has a limited selection of platforms compared to some other brokers in the industry. Overall, IC Markets offers a solid selection of trading platforms that should satisfy the needs of most traders.
Pros | Cons |
Allows for high potential profits with small capital | Increases the potential for high losses with small capital |
Provides traders with flexibility in trading | Can lead to traders taking on more risk than they can handle |
Can amplify the effectiveness of trading strategies | Requires careful risk management to avoid excessive losses |
Allows traders to access larger positions in the market | May not be suitable for inexperienced traders |
Enables diversification of investment opportunities | High leverage may be restricted in certain jurisdictions due to regulatory restrictions. |
IC Markets' maximum leverage offering of up to 1:500 can be beneficial for experienced traders who know how to manage their risks well. The high leverage can potentially magnify the profits of a successful trade, enabling traders to take advantage of larger positions in the market. However, it is crucial for traders to exercise caution when using high leverage as it also increases the potential for significant losses. Inexperienced traders may not be suited for high leverage as it requires a thorough understanding of risk management. It is important to note that certain jurisdictions may have regulatory restrictions on high leverage, and traders should comply with the relevant regulations.
Pros | Cons |
Various deposit options | Intermediary and beneficiary fees for international bank wire transfers |
Withdrawals are free of charge | Withdrawal cut off time at 12:00 AEST/AEDT |
Credit/debit card withdrawals are processed free of charge | Withdrawal time may take up to 10 business days depending on bank |
Instant withdrawal processing for Paypal/Neteller/Skrill | Credit card withdrawals may not be available for all countries |
Withdrawals must be made from same account as deposits | |
No additional fees charged by IC Markets for deposits and withdrawals |
IC Markets offers a variety of deposit and withdrawal options, including neteller, skrill, bank transfer, VISA, Mastercard, paypal, credit card, debit card, unionpay, poli, wire transfer, rapidpay, and klarna. IC Markets does not charge any additional fees for deposits and withdrawals, however, additional fees may occur at some banking institutions. Withdrawal requests have a cut off time at 12:00 AEST/AEDT, and may take up to 10 business days to process depending on the bank. International bank wire transfers may take up to 14 days and incur additional intermediary and/or beneficiary fees. Credit/debit card withdrawals are processed free of charge and may take 3-5 business days to reach your credit card. Paypal/Neteller/Skrill withdrawals are processed instantly and free of charge, but must be made from the same account as the initial funds were sent from.
Pros | Cons |
Wide range of educational resources available, including economic calendar, market reports, video tutorials, and calculators. | Some of the educational resources may not be suitable for beginners. |
IC Markets' educational resources are updated regularly to ensure the information is relevant and up-to-date. | The resources may be overwhelming for beginners due to the large amount of information available. |
The glossary is useful for understanding forex terms and concepts. | Some of the educational resources may require prior knowledge of forex trading. |
The video tutorials cover a wide range of topics, from basic concepts to advanced strategies. | IC Markets' educational resources may not be as comprehensive as some other brokers. |
IC Markets' blogs provide insights into the forex market, which can be useful for making informed trading decisions. | The educational resources may not be tailored to individual traders' needs. |
The calculators are helpful tools for calculating risk, margin, and position size. | The educational resources may not be as interactive as some other brokers. |
IC Markets offers a comprehensive range of educational resources that cater to traders of all levels. These resources include an economic calendar, market reports, video tutorials, a glossary, blogs, and calculators. The educational resources are updated regularly to ensure the information is relevant and up-to-date. The glossary is particularly useful for understanding forex terms and concepts, while the video tutorials cover a wide range of topics, from basic concepts to advanced strategies. The blogs provide insights into the forex market, which can be useful for making informed trading decisions. The calculators are also helpful tools for calculating risk, margin, and position size. However, some of the educational resources may not be suitable for beginners and may require prior knowledge of forex trading. Additionally, the educational resources may not be as comprehensive or interactive as those offered by some other brokers.
You may also watch videos on their official YouTube channel. For example, this is a video named 7 Common Mistakes New Traders Make, which would be useful for newbies.
Pros | Cons |
24/7 customer support available | No live chat option for immediate assistance |
Multiple ways to contact support (phone, email) | Phone support may have international charges |
Prompt response times to email inquiries |
IC Markets provides a strong customer care dimension with 24/7 availability for customer support. Clients can reach out to the support team via phone or email, and can expect prompt response times to email inquiries. However, there is no live chat option available for immediate assistance, and phone support may have international charges, which could be a disadvantage for some clients. Overall, IC Markets provides a reliable and responsive customer support experience.
IC Markets is a reputable forex broker that offers traders a wide range of instruments, account types, and trading platforms to choose from. With low spreads, competitive commissions, and high leverage options of up to 1:500, traders can enjoy a flexible and customizable trading experience. The company's educational resources, including market reports, video tutorials, and a glossary, are extensive and informative, providing traders with valuable insights into the forex market. Additionally, IC Markets' customer support is available 24/7, ensuring that traders can always receive timely assistance. The company's variety of deposit and withdrawal methods also makes it easy for traders to manage their accounts efficiently. Overall, IC Markets is a reliable and trustworthy broker for both novice and experienced traders alike.
Q1. What is the minimum deposit required to open an account with IC Markets?
A1. The minimum deposit required to open an account with IC Markets is $200.
Q2. What are the available deposit and withdrawal methods on IC Markets?
A2. IC Markets offers various deposit and withdrawal methods, including neteller, skrill, bank transfer, VISA, Mastercard, paypal, credit card, debit card, unionpay, poli, wire transfer, rapidpay, and klarna.
Q3. What trading platforms are available on IC Markets?
A3. IC Markets offers three trading platforms: MetaTrader4, MetaTrader5, and cTrader.
Q4. What is the maximum leverage offered by IC Markets?
A4. IC Markets offers a maximum leverage of up to 1:500.
Q5. Does IC Markets charge any additional fees for deposits and withdrawals?
A5. IC Markets does not charge any additional fees for deposits and withdrawals. However, additional fees may occur at some banking institutions.
Q6. What educational resources are available on IC Markets?
A6. IC Markets offers various educational resources, including an economic calendar, market reports, video tutorials, glossary, blogs, and calculators.
Q7. What is the customer support available on IC Markets?
A7. IC Markets offers 24/7 customer support via phone and email, and they have an online chat feature available during trading hours.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Fortrade Review Summary in 10 Points | |
Founded | 2013 |
Registered Country/Region | Belarus |
Regulation | ASIC, FCA, CYSEC, IIROC, NBRB |
Market Instruments | Currencies, Stocks, Indices, Precious Metals, Energy Products, Agriculture Products, US Treasury Bonds |
Demo Account | Available |
Leverage | 1:200 |
EUR/USD Spread | 2 pips |
Trading Platforms | MT4 |
Minimum deposit | $100 (with a suggestion of $500 or currency equivalent) |
Customer Support | phone, email |
Fortrade is an online forex market trading service provider founded in 2013 and currently holds a full license from the Australian Securities and Investments Commission (ASIC), a full license from the UK Financial Conduct Authority (FCA), a full license from the Cyprus Securities and Exchange Commission (CYSEC), a full license from the Investment Industry Regulatory Organization of Canada (IIROC), and a retail forex license from the National Bank of Belarus (NBRB).
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Fortrade is a regulated broker that offers a wide range of assets for trading, including forex, indices, commodities, and securities. The broker provides a free demo account with no time restrictions, making it an excellent tool for beginners to practice trading. Fortrade has a powerful MT4 trading platform available on desktop, web, and mobile devices, providing traders with flexibility and convenience.
In terms of fees, Fortrade charges no trading commissions and offers competitive spreads, although overnight rollover fees and inactivity fees may apply. Customer support is available via email and telephone, but the lack of live chat support may be a drawback for some traders. Overall, Fortrade is a solid choice for traders looking for a regulated broker with a user-friendly trading platform and a variety of underlying assets for trading.
Pros | Cons |
• Regulated by multiple authorities | • Negative reviews regarding withdrawals |
• Wide range of assets for trading | • Limited live account types |
• Free demo account with no time restrictions | • Inactivity fee after 6 months |
• Powerful MT4 trading platform with mobile, web, and desktop options | • Limited educational resources |
• No trading commissions | • Limited payment options |
There are many alternative brokers to Fortrade depending on the specific needs and preferences of the trader. Some popular options include:
Hugo's Way - A relatively new broker with competitive spreads, high leverage, and a limited range of trading instruments.
ICM Capital - A well-regulated broker offering a diverse range of trading instruments, advanced trading platforms, and excellent customer support.
IFC Markets - An innovative broker with a unique approach to trading, offering a wide range of financial instruments, low minimum deposits, and advanced trading tools.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Regulation by multiple reputable authorities such as ASIC, FCA, CYSEC, IIROC, and NBRB can provide some level of assurance of safety and reliability for traders. However, negative reviews of Fortrade regarding withdrawal issues are concerning, and potential traders should conduct thorough research and exercise caution before depositing funds with this broker. It is always recommended to carefully read the terms and conditions, including withdrawal policies, before trading with any broker.
Fortrade provides investors with a range selection of tradable financial instruments, including more than 300 foreign currency, stock index, securities, oil, and precious metals CFD products. This wide range of financial instruments allows traders to have more options to diversify their portfolios and potentially increase their profits.
Demo account: A free demo account is available to Fortrade customers. Users can practice their trading strategy with a €10,000 virtual investment, available on either the Fortrader or MetaTrader 4 platforms. Fortrade's demo account seems to be a useful tool for traders to practice their strategies without any pressure, and the lack of time restrictions makes it more convenient for beginners.
Live account: Fortrade only offers a single live account type, where the specific trading conditions vary depending on assets and trading size. The minimum deposit is reasonable at $100, with a suggestion of $500 or currency equivalent.
Leverage is up to 1:200 for forex products, 1:20, 1:25, 1:50 for stock indices, 1:10 for EU securities, 1:50 for CFDs on agricultural commodities, 1:100 for gold and silver, 1:33 for corn, cotton, and soybeans. It is important to keep in mind that leverage can magnify profits, but it can also lead to greater losses, so traders should use leverage wisely and carefully manage their risk.
It seems that Fortrade charges mark-ups on spreads instead of trading commissions, which could be beneficial for traders who want to avoid commission fees. However, it is important to note that the mark-up on spreads may fluctuate, and traders should take this into consideration when planning their trades.
The average spread for EURUSD is 2 pips, and the average spread for USDGBP is 3 pips. Indices spread: Canada 60 average spread is 1 pip, US 2000 average spread is 0.6, US 500 average spread is 0.6. The gold average spread is $0.45, and the silver average spread is $0.04.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Fortrade | 2 pips | None |
Hugo's Way | 0.0 pips | $5 per lot |
ICM Capital | 1.6 pips | None |
IFC Markets | 0.4 pips | None |
Note that the commission for Hugo's Way is per lot, and a lot size varies depending on the account type and asset being traded. Additionally, spreads are variable and subject to change, especially during times of high market volatility.
Fortrade offers its users a market-leading and powerful MT4 trading platform, including the mobile MT4, web MT4, and desktop MT4. The platform is renowned for its advanced charting tools, technical analysis indicators, and automated trading capabilities, making it suitable for traders of all levels.
The desktop version of MT4 provides traders with access to real-time pricing and trading, advanced charting and analysis tools, and the ability to place orders quickly and easily. The web version of MT4 is accessible from any web browser and offers traders the flexibility to trade from any location, while the mobile version of MT4 enables traders to manage their accounts and access the markets from their smartphones and tablets.
See the trading platform comparison table below:
Broker | Trading Platforms |
Fortrade | MT4, WebTrader |
Hugo's Way | MT4, MT5 |
ICM Capital | MT4, cTrader |
IFC Markets | MT4, MT5, NetTradeX |
Deposits and withdrawals can be made via credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. The recommended initial deposit requirement is $/€/£500, however, it is possible to deposit as little as $100 or equivalent currency to get started.
Fortrade | Most other | |
Minimum Deposit | $100 | $100 |
The broker does not charge any deposit fees, while any bank withdrawal fees incurred by Fortrade are passed on to the customer, which is usually around $40.
Processing times will vary by method. Deposits via bank wire transfers can take up to 7 working days for funds to clear. E-wallets offer faster clearance, often within 1 day. All withdrawal requests are processed by Fortrade within 2 business days of being submitted. However, fund clearance can take up to 5 business days for bank transfers and up to 15 business days for credit/debit cards.
Apart from spreads, commissions, deposit and withdrawal fees that we have mentioned above, Fortrade also charges an overnight rollover fee and inactivity fee of $/€/£10 on accounts left dormant for 6 months.
Overnight rollover fees are a common practice in the forex and CFD industry, as positions left open overnight incur a cost for the broker. As for the inactivity fee, it is also a common practice among brokers to charge a fee on dormant accounts to cover administrative and maintenance costs.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Fortrade | None | $40 | $/€/£10 after 6 months of inactivity |
Hugo's Way | None | Free withdrawal up to $150 | None |
ICM Capital | None | None | None |
IFC Markets | varies by payment method | None | None |
Please note that the fees listed above are subject to change at the discretion of each broker. It is recommended to check with the broker's official website or customer support for the most up-to-date fee information.
Clients with any inquiries or trading-related issues can get in touch with Fortrade through the email and telephone. Here are some contact details:
Telephone: +375-17-2240625
Email: support.by@fortrade.by
FAQ section is also available.
Pros | Cons |
• Email and phone support | • No live chat support |
• Comprehensive FAQ section available | • No 24/7 customer support |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Fortrade's customer service.
On our website, you can see that some users have reported unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
All things considered, Fortrade is a reputable broker with multiple regulatory licenses, offering a wide range of assets for trading and a powerful MT4 platform. The broker charges no commissions and has competitive spreads, making it an attractive option for traders. However, there have been some negative user reviews concerning withdrawal issues and the overnight rollover fee, which may cause concern for some traders. Additionally, the lack of alternative trading platforms and the inactivity fee may be a drawback for some traders who prefer more flexibility. Overall, Fortrade is a good option for traders looking for a reliable and regulated broker with a comprehensive trading platform and competitive trading conditions.
Q 1: | Is Fortrade legitmate? |
A 1: | Yes. Fortrade is legimate. It is regulated by multiple regulatory authorities including ASIC, FCA, CYSEC, IIROC, NBRB. |
Q 2: | At Fortrade, are there any regional restrictions for traders? |
A 2: | Yes. It does not accept clients from the USA. |
Q 3: | Does Fortrade offer demo accounts? |
A 3: | Yes. |
Q 4: | How does Fortrade make money? |
A 4: | Fortrade makes money from spreads, commissions, and swap rates on leveraged overnight positions. |
Q 5: | What is the maximum leverage offered by Fortrade? |
A 5: | Fortrade offers leverage of of up to 1:200. |
Q 6: | Does Fortrade offer the industry-standard MT4 & MT5? |
A 6: | Yes. Fortrade supports MT4 Desktop, WebTrader and Mobile APP. |
Q 7: | What is the minimum deposit for Fortrade? |
A 7: | The minimum initial deposit to open an account is $100 (with a suggestion of $500 or currency equivalent). |
Q 8: | Is Fortrade a good broker for beginners? |
A 8: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
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 ic-markets and fortrade are, we first considered common fees for standard accounts. On ic-markets, the average spread for the EUR/USD currency pair is -- pips, while on fortrade the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
ic-markets is regulated by ASIC,CYSEC. fortrade is regulated by ASIC,FCA,CYSEC,IIROC,NBRB.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
ic-markets provides trading platform including Standard,Raw Spread,cTrader and trading variety including --. fortrade provides trading platform including -- and trading variety including --.