IC Markets vs First Trade, 2025 Update

Compare IC Markets vs First Trade

All online trading platforms has a few pros and cons, so any comprehensive review of IC Markets and First Trade would not be regarded as thorough without embracing a balanced approach.

Examine First Trade and IC Markets to understand the way they stack up against one another prior to you make an account. A side-by-side comparison will place factors in perspective so that you're aware of what to expect.

So you are looking for an online trading platform and are choosing between IC Markets or First Trade. Who is better in 2025?

This IC Markets vs First Trade comparison contains the most recent information so you can easily compare First Trade 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 world of trading requires expert analyzing skills and thorough understanding. You will get adept at all of the concepts of broker as you continue trading. For starters, you need to select the right agent who'll be clear with you constantly.

Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and First Trade are just two such trading platforms that will take you along with your investment into great heights. It's crucial that you compare IC Markets vs First Trade before you trust them with your money.

Our IC Markets vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and First Trade side by side.

Our entire IC Markets vs First Trade Review covers everything you will need to know about trading with either IC Markets or First Trade. A good broker can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a broker service that aligns with your investment goals.

There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.

IC Markets and First Trade are both brokers which have forged their way successfully to the broker world. In this review, we've attempted to collate some of the vital aspects of both IC Markets and First Trade. This review will help you to know whether either First Trade or IC Markets is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.

Benefits of IC Markets and First Trade Compared

IC Markets offers a minimum deposit of $200 while First Trade has a $5 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and First Trade 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 First Trade has around 232 available.

The more financial instruments you can trade on the IC Markets and First Trade 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 seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or First Trade.

IC Markets and First Trade Contact Details

Being able to contact your broker easily is a sign of a professional broker. IC Markets and First Trade have the following contact details and social medias that you can use.

First Trade and IC Markets Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

This part of comparing IC Markets and First Trade will examine whether their mobile app meets all our requirements.

Overall, we rate the user-friendliness of both apps as better than average.

It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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 First Trade - Awards

IC Markets vs First Trade - Frequently Asked Questions

IC Markets vs First Trade - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

First Trade was founded in 2008 and has its head office in USA.

What is the minimum deposit for First Trade or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for First Trade is $5.

Depending on your circumstances, 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 First Trade are a good option.

IC Markets vs First Trade - 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).

First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Both IC Markets and First Trade have a strong set of rules for ensuring honest trading onto their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their individual privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare IC Markets vs First Trade Commission And Fees

IC Markets and First Trade are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.

But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of fees for this purpose.

The first sort of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you are spending a spread, funding rate, or even a commission. The kinds of trading fees and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people that are billed when you maintain a leveraged position for longer than daily.

Aside from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.

Generally, neither IC Markets or First Trade charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, such as weekly or daily trading.

But, non-trading fees billed by IC Markets and First Trade are comparatively greater. As a result, you're charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of assets.

This IC Markets vs First Trade review for 2025 breaks down each of the applicable non-trading fees for you in detail.

Compare Broker Fees For IC Markets And First Trade

What Languages Do IC Markets And First Trade Support?

Being able to chat easily with your trading broker is a key part of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.

Below you will find the languages that both IC Markets and First Trade offer communication in.

How Many Clients Do IC Markets and First Trade Have?

Both IC Markets and First Trade are well established with their client base. It is really important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.

Below you will find details of how many customers IC Markets and First Trade are working with

What Payment Methods Do IC Markets and First Trade Accept?

IC Markets and First Trade 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 First Trade

What Can You Trade With IC Markets and First Trade?

IC Markets offers 232 trading instruments while First Trade offers 101.

Below you will find a full breakdown of what both IC Markets and First Trade offer.