IC Markets
FXCM

Regulations and Licenses

Feature
IC Markets
FXCM
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
CYSEC (Cyprus)
CIRO / IIROC (Canada)
FSA (Seychelles)

Brokerage

Feature
IC Markets
FXCM
EUR/USD Avg. Raw Spread
0.02
0.30
GBP/USD Avg. Raw Spread
0.23
0.90
AUD/USD Avg. Raw Spread
0.17
0.40
EUR/USD Standard Spread
0.62
1.3
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
0.83
1.4
AUD/USD Avg. Standard Spread
0.77
1.7
Commissions (USD Base)
$3.50
$3.00
Minimum Deposit
$0
$300
Swap Free Account
No Inactivity Fees
Funding Methods
15+
8+
No Funding Fees

Markets and Instruments

Feature
IC Markets
FXCM
Currency Pairs
61+
42+
Cryptocurrency CFDs*
18+
7+
Index CFDs
16+
13+
Share CFDs
100+
15+
Commodities CFD
26+
12+
Stockbroking
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
200:1
Retail Max. Leverage (United Kingdom)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
-
200:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
200:1
Retail Max. Leverage (Canada)
-
Major Pairs: 50:1
Minor Pairs: 33:1
Retail Max. Leverage (New Zealand)
-
Balance:
0-50k 400:1
50k+ 200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
IC Markets
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

IC Markets
FXCM
Our Rating
850
720
 

Our comprehensive comparison covers the 10 most important trading factors. Here are five key differences between IC Markets and FXCM:

  1. IC Markets offers lower average spreads on major pairs compared to FXCM.
  2. FXCM provides a proprietary trading platform, while IC Markets does not.
  3. IC Markets has a higher leverage of up to 1:500, whereas FXCM offers a maximum of 1:400.
  4. FXCM features a range of unique trading tools and resources not available with IC Markets.
  5. IC Markets supports a wider variety of base currencies for account funding than FXCM.