FXCM vs IC Markets
Choosing between FXCM and IC Markets is a common decision for forex traders in Africa. In our analysis, IC Markets scores 86/100 on our Hub Score compared to FXCM's 82/100. For traders with limited starting capital, FXCM has a lower entry point at $50. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, IC Markets scores higher overall with 86/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
FXCM
IC Markets
| Feature | FXCM | IC Markets |
|---|---|---|
| Hub Score | 82/100 | 86/100 |
| Min. Deposit | $50 | $200 |
| Spreads | From 0.2 pips | From 0.0 pips |
| Max Leverage | 1:400 | 1:5000 |
| Regulation | FCA, CySEC, ASIC, FSCA | ASIC, CySEC, FSA |
| Platforms | Trading Station, MetaTrader 4, TradingView, ZuluTrade | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Account Types | Standard, Active Trader | Standard, Raw Spread, cTrader Raw Spread, Islamic |
| Trading Instruments | Forex, Indices, Commodities, Crypto | Forex, Indices, Commodities, Shares, Crypto, Bonds |
| Founded | 1999 | 2007 |
| Headquarters | London UK | Sydney Australia |
Pros
- Tight spreads from 0.2 pips
- 25+ years industry experience
- Institutional-grade technology
- Multiple platform options
- Advanced trading tools
Cons
- Higher minimum deposit $50
- Limited to 300 instruments
- Complex for beginners
- No proprietary mobile app
Pros
- Raw spreads from 0.0 pips
- Ultra-fast execution speeds
- Institutional-grade liquidity
- Award-winning execution quality
- 2300+ instruments available
Cons
- Higher minimum deposit $200
- Limited educational resources
- Complex for beginners
- Fewer account type options
Which broker has lower spreads, FXCM or IC Markets?
FXCM offers spreads from From 0.2 pips, while IC Markets offers spreads from From 0.0 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for FXCM vs IC Markets?
FXCM requires a minimum deposit of $50, while IC Markets requires $200.
Is FXCM or IC Markets better regulated?
FXCM is regulated by FCA, CySEC, ASIC, FSCA, while IC Markets is regulated by ASIC, CySEC, FSA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, FXCM or IC Markets?
FXCM may be better suited for experienced traders. IC Markets may be better suited for experienced traders. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.