IC Markets vs FXCM
Choosing between IC Markets and FXCM 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.
IC Markets
FXCM
| Feature | IC Markets | FXCM |
|---|---|---|
| Hub Score | 86/100 | 82/100 |
| Min. Deposit | $200 | $50 |
| Spreads | From 0.0 pips | From 0.2 pips |
| Max Leverage | 1:5000 | 1:400 |
| Regulation | ASIC, CySEC, FSA | FCA, CySEC, ASIC, FSCA |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Trading Station, MetaTrader 4, TradingView, ZuluTrade |
| Account Types | Standard, Raw Spread, cTrader Raw Spread, Islamic | Standard, Active Trader |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Indices, Commodities, Crypto |
| Founded | 2007 | 1999 |
| Headquarters | Sydney Australia | London UK |
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
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
Which broker has lower spreads, IC Markets or FXCM?
IC Markets offers spreads from From 0.0 pips, while FXCM offers spreads from From 0.2 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for IC Markets vs FXCM?
IC Markets requires a minimum deposit of $200, while FXCM requires $50.
Is IC Markets or FXCM better regulated?
IC Markets is regulated by ASIC, CySEC, FSA, while FXCM is regulated by FCA, CySEC, ASIC, FSCA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, IC Markets or FXCM?
IC Markets may be better suited for experienced traders. FXCM 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.