IC Markets vs FXCM, Who's The Best?
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IC Markets Rating
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FXCM Rating
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Losses can exceed deposits |
Losses can exceed deposits |
IC Markets vs FXCM Guide |
Read our In-Depth IC Markets vs FXCM Review - Updated for 2025
This IC Markets vs FXCM review has been refreshed to reflect any changes for 2025 by industry experts with significant financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs FXCM does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs FXCM
All platforms for online trading feature a few ups and downs, and a complete analysis of IC Markets vs FXCM would not be complete without adopting a balanced approach.
Assess FXCM and IC Markets to get a better understanding of how they stack up with each prior to you choose to make an account. Performing a comparative analysis can place factors in perspective so that you remain informed about what you should anticipate.
So you are looking for a broker and are choosing between IC Markets or FXCM. Which one is best in 2025?
This IC Markets vs FXCM comparison contains the most recent information so you can easily compare FXCM against IC Markets.
If you're a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You'll acquire adept at all of the concepts of broker as you continue trading. For starters, you need to choose the right broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and FXCM are two such companies which will take you and your investment into great heights. It's important that you compare IC Markets vs FXCM before you trust them with your cash.
Our IC Markets vs FXCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and FXCM side by side.
Our full IC Markets vs FXCM Review covers everything you will need to know about trading with either IC Markets or FXCM. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and FXCM are both brokers that have forged their way successfully to the brokerage world. Within this review, we have tried to collate some of the important aspects of both IC Markets and FXCM. This review will help you to know whether either FXCM or IC Markets is a fantastic match for your own investments or not. We have tried to breakdown all the features and fees for your convenience.
Benefits of IC Markets and FXCM Compared
IC Markets offers a minimum deposit of $200 while FXCM has a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and FXCM compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets allows you to trade around 232 financial instruments whilst FXCM allows you to trade around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and FXCM platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IC Markets or FXCM.
IC Markets and FXCM Contact Details
Being able to contact an online trading platform simply is vital. IC Markets and FXCM have the following contact details and social medias that you can use.
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Broker | IC Markets | FXCM |
Telephone Number | +248 467 19 76 | |
support@icmarkets.com | ||
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
IC Markets Twitter Account | FXCM Twitter Account | |
IC Markets Facebook Page | FXCM Facebook Page | |
IC Markets Instagram Account | FXCM Instagram Account | |
IC Markets LinkedIn Page | FXCM LinkedIn Page | |
YouTube | IC Markets YouTube Channel | FXCM YouTube Channel |
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FXCM and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing IC Markets and FXCM will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs FXCM - Awards
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Broker | IC Markets | FXCM |
Awards |
IC Markets have won numerous industry awards over the years they have been running as an online broker. We detail the most notable awards for IC Markets below.
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At the time of writing this FXCM review, and despite FXCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs FXCM - Frequently Asked Questions
IC Markets vs FXCM - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
FXCM was founded in 1999 and has its head office in United States.
What is the minimum deposit for FXCM or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for FXCM is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and FXCM are a good option.
IC Markets vs FXCM - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
FXCM is regulated by Financial Conduct Authority (FCA).
Both IC Markets and FXCM have a strong set of rules for ensuring fair trading on their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs FXCM Commission And Fees
IC Markets and FXCM are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an online broker is not necessarily affected by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of fees for this purpose.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you are paying a spread, financing rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people that are billed when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or FXCM charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who regularly exchange, such as weekly or daily trading.
However, non-trading fees charged by IC Markets and FXCM are relatively higher. Consequently, you are billed more for non-trading activities on your trading account, like withdrawal and deposits. These aren't about the purchase and sale of resources.
This IC Markets vs FXCM review for 2025 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And FXCM
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Broker | IC Markets | FXCM |
Minimum Deposit | $200 | $1 |
Withdrawal Fees | No | No |
Inactivity Fees | No | No |
Deposit Fees | Yes | No |
CFD Fees | Yes | No |
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What Languages Do IC Markets And FXCM Support?
Being able to talk easily with your online broker is a key part of comparing online brokers to find the best broker. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Below you will find all the languages that both IC Markets and FXCM support.
How Many Clients Do IC Markets and FXCM Have?
Both IC Markets and FXCM are well established with their customer base. It is important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many users IC Markets and FXCM have
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Broker | IC Markets | FXCM |
Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and FXCM Accept?
IC Markets and FXCM both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and FXCM
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Broker | IC Markets | FXCM |
Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | No |
Skrill | Yes | No |
Payoneer | No | Yes |
Neteller | Yes | No |
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What Can You Trade With IC Markets and FXCM?
IC Markets offers 232 trading instruments and FXCM offers 100.
Below you will find a full breakdown of what both IC Markets and FXCM offer.
IC Markets Review
IC Markets vs FXCM:
Table Of Contents
- Compare IC Markets vs FXCM
- Benefits of IC Markets and FXCM Compared
- FXCM and IC Markets Mobile App Comparison
- IC Markets vs FXCM - Awards
- IC Markets vs FXCM - Frequently Asked Questions
- What is the minimum deposit for FXCM or IC Markets
- IC Markets vs FXCM - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And FXCM
- What Languages Do IC Markets And FXCM Support?
- How Many Clients Do IC Markets and FXCM Have?
- What Payment Methods Do IC Markets and FXCM Accept?
- What Can You Trade With IC Markets and FXCM?