IC Markets vs Scope Markets
Choosing between IC Markets and Scope Markets is a common decision for forex traders in Africa. In our analysis, IC Markets scores 86/100 on our Hub Score compared to Scope Markets's 74/100. For traders with limited starting capital, Scope Markets has a lower entry point at $10. 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
Scope Markets
| Feature | IC Markets | Scope Markets |
|---|---|---|
| Hub Score | 86/100 | 74/100 |
| Min. Deposit | $200 | $10 |
| Spreads | From 0.0 pips | from 0.9 pips |
| Max Leverage | 1:5000 | 1:1000 |
| Regulation | ASIC, CySEC, FSA | FSC Belize, CySEC, CMA Kenya |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, Iress |
| Account Types | Standard, Raw Spread, cTrader Raw Spread, Islamic | Islamic Account, Standard, Cents Account |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Indices, Commodities, Shares, Fractional Stocks, Futures |
| Founded | 2007 | 2014 |
| Headquarters | Sydney Australia | Belize City, Belize |
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
- Low $10 minimum deposit
- Leverage up to 1:1000
- Innovative Cents account option
- Thousands of instruments
- Part of established Rostro Group
Cons
- Limited brand recognition
- High leverage risks for beginners
Which broker has lower spreads, IC Markets or Scope Markets?
IC Markets offers spreads from From 0.0 pips, while Scope Markets offers spreads from from 0.9 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for IC Markets vs Scope Markets?
IC Markets requires a minimum deposit of $200, while Scope Markets requires $10.
Is IC Markets or Scope Markets better regulated?
IC Markets is regulated by ASIC, CySEC, FSA, while Scope Markets is regulated by FSC Belize, CySEC, CMA Kenya. Always verify regulation status directly with the relevant authority.
Which is better for beginners, IC Markets or Scope Markets?
IC Markets may be better suited for experienced traders. Scope Markets is also beginner-friendly. 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.