IC Markets Alternatives: Pros, Cons, And How It Compares Updated for 2024
This alternatives to IC Markets guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to IC Markets to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to IC Markets like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their clients. If you feel that IC Markets is not quite right for you then it would be worth getting a virtual account with a range of the best IC Markets alternatives and ensuring that they are a better fit for you before moving any money around.
The most detailed guide to IC Markets alternatives online
There's a lot of reasons IC Markets may not be a good fit for your trading needs. Whatever reason you are looking for the top IC Markets alternative or IC Markets competitor with similar services, comparebrokers.org will always try to give you as much useful information so you can make an informed choice. Below you can discover the most popular IC Markets alternatives.
For each of our alternative to IC Markets, we also highlight the key differences to IC Markets and for each platform feature show you the best alternatives. For each IC Markets alternative online broker shown we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with IC Markets, find some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable online broker is crucial to having a successful trading career. All of the IC Markets alternative platforms listed in this IC Markets alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
IC Markets has a minimum desposit of $200, you should see how the minimum deposit requirements of IC Markets compare with the minimum deposit requirements of IC Markets competitors. Brokers often have lower minimum deposits to get users to test them out, but having higher a minimum deposit isn’t always a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
IC Markets |
$200 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 |
Alternatives Offering Demo Accounts
IC Markets offers demo accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we detail some of the best alternatives to IC Markets that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
IC Markets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
IC Markets has negative balance protection. It's specially offered while the industry volatility prevents clients from allowing their account go in the red. In such a scenario, IC Markets offers the ability to reset a clients account balance to zero.
You are able to go through the critical conditions on IC Markets's website to understand their policies.
Below we list some of the best alternatives to IC Markets that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
IC Markets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
IC Markets unfortunately, does not offer guaranteed stop loss. IC Markets provides an opportunity for its traders to close their trades in their specified price. Aside from that, IC Markets doesn't offer guaranteed stop loss.
Below we show some of the best IC Markets alternatives that has guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
IC Markets |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
IC Markets do allow scalping. Many traders across the world choose IC Markets due to their scalping services. They offer trading on MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac which let this.
Below we show some of the best alternatives to IC Markets that allow scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
IC Markets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
IC Markets do permit hedging. Several traders around the world choose IC Markets due to their hedging services. They offer trading on MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac.
Below we show some of the best alternatives to IC Markets that offer hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
IC Markets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, IC Markets offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we list some of the top IC Markets alternatives that have social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
IC Markets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
IC Markets's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is calculated social trading..
Below we list some of the top IC Markets alternatives that have copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
IC Markets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare IC Markets To All Other Brokers