Forex traders always look for trusted and reliable forex brokers that suit their trading styles and preferences. IC Markets and Forex .com are top-tier regulated forex brokers offering online trading services globally. IC Markets is regulated in two Tier-1, one Tier-2, and two Tier-4 jurisdictions, including ASIC, CySEC, SCB, FSA-S, and FSCA. On the other hand, Forex .com is regulated in six Tier-1 jurisdictions including ASIC , FCA , JFSA ,NFA ,IIROC , MAS. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare IC Markets with Forex .com regarding trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score.This comparison lets you understand which broker is better for your trading style and preferences
IC Markets vs Forex.Com: In a Nutshell
IC Markets
Founded in 2007 by Andrew Budzinksi, IC Markets is an Australian-based forex and CFD broker offering trading services to institutional and retail traders worldwide. The broker offers 2250+ trading instruments including Forex, commodities, indices, bonds, stocks, futures, and cryptocurrencies. Over the years, the broker has improved in quality and services. It offers true ECN trading with low spreads, high leverage, and fast executions to a global clientele. IC Markets is a multi-asset trading platform of choice for high-volume traders, scalpers, and robots. To learn more, you can read our review on IC Markets where we have covered its features, pros, cons, ratings, and more.
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Forex.Com
Founded in 2001 as part of Gain Capital Holdings, Forex.com is a well-established forex and CFD broker offering online trading services to retail traders worldwide. With over 4,500 trading instruments, including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver, Forex.com is a major player in the industry. It is regulated by top authorities such as the FCA, DFSA, FSCA, FSA (Seychelles), CMA, and CySEC.
The broker provides popular trading platforms and tools like MT4, MT5, WebTrader, MobileTrader, TradingView, Capitalise.ai, Active Trader, VPS, and more. Forex.com is a wholly-owned subsidiary of StoneX, a NASDAQ-listed company with assets exceeding $7.1 billion, offering institutional-grade financial services networks that connect people to global markets.To learn more, you can read our review on Forex.com
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IC Markets vs Forex.com : Features
IC Markets:
- Regulations: ASIC, CySEC, and FSA
- Trading Instruments: 2150+ including Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies
- Minimum Deposit: $200 or Equivalent
- Maximum leverage: up to 1000:1 in FSA jurisdiction, in some countries, it offers 500:1 leverage, for ASIC, and CySEC entity the brokers offers up to 1:30 leverage.
- Account types: Standard Account and Raw Account (Metater, Ctrader)
- Fees: Spread starting from 0.8 pips for Standard Account or 3.00 to 3.50 per lot for Raw Account on a single Trip.
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Forex.com
- Trading Instruments: 4500+Trading instruments including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver
- Maximum Leverage: The maximum leverage of forex.com is 50:1 for US clients, 30:1 for EU Clients, 400:1 for CMA clients, and 200:1 for Global clients.
- Minimum Deposit: $100
- Trading Fees: Starting from 1.2 pips spreads for Standard account or 7$per lot round trip for Raw account
- MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
IC Markets vs Forex.Com: Pros and Cons
IC Markets
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Forex.Com
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IC Markets vs Forex.Com: Side-by-Side Comparison
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IC Markets Vs Forex.Com: Our Scores and Ratings
We rated both brokers, IC Markets and Forex.Com, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
IC Markets :
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Forex.Com:
Final Verdict :
Both IC Markets and Forex.com offer similar trading services globally and are regulated forex brokers. The minimum lot size for both is as low as 0.1. However, there are some differences between them.
For example, IC Markets is regulated by 3 regulatory authorities, including ASIC, CySEC, FSA , while Forex.com is regulated by 9 regulatory authorities, including CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO. The trading cost for IC Markets is 0.8 pips spread or commission from $3 to $3.5, whereas Forex.com’s trading cost is Spread starting from 0.8 pips or commission $5.
IC Markets cannot accept US clients as it is not regulated in the USA, while Forex.com, being a US-regulated forex broker, can accept clients from both the US and around the world.
Our score for Forex.com is 9, and for IC Markets, it is 9.3 (according to our expert ratings, brokers that achieve a score of 8.00 or higher are considered safe and trustworthy).
Therefore, IC Markets is most suited and trusted for non-US traders. However, if you are a US trader seeking a trusted and regulated forex broker, Forex.com is a perfect choice.
