IC Markets vs First Trade, for 2026

Compare IC Markets vs First Trade

All online trading platforms has a few ups and downs, so a complete review of IC Markets and First Trade would not be complete without adopting a fair assessment.

Examine IC Markets and First Trade to get a better understanding of the way these platforms stack up to one another prior to you choose to create an account. A side-by-side comparison can put things into perspective in order that you remain aware of what to expect.

So you are looking for a professional broker and are choosing between IC Markets or First Trade. Who should you choose?

This IC Markets vs First Trade comparison contains the most recent information so you can easily compare First Trade against IC Markets.

If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll get adept at all of the concepts of brokerage as you continue trading. For starters, you have to select the ideal broker who will be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and First Trade are two such companies that will take you and your investment into great heights. It is crucial that you compare IC Markets vs First Trade before you trust them with your cash.

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 full IC Markets vs First Trade Review covers all you need to learn about trading using either IC Markets or First Trade. A good agent can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.

There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.

IC Markets and First Trade are both brokers that have found their way successfully to the brokerage world. Within this review, we have tried to collate a number of the important facets of both IC Markets and First Trade. This review will help you to understand whether either First Trade or IC Markets is a fantastic match for your own investments or not. We have attempted to breakdown all the qualities 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 has around 232 financial instruments whilst First Trade has around 232 financial instruments available.

The more 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 should never 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 an online trading platform simply 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

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.

In this part of our comparison of IC Markets and First Trade we'll check whether either of their mobile apps tick all the boxes.

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

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

Search Functions

While most brokers are good at this, there are some poor ones. 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

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 head office in Australia.

First Trade was founded in 2008 and has its headquaters 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 choice.

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 collection of rules for ensuring fair trading onto their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their individual privacy regulations, customer information is never to 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 most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an internet broker isn't necessarily influenced by the amount of clients they have.

However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 types of penalties for this objective.

The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you're spending a spread, financing speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are people who are billed when you hold a leveraged position for more than a day.

Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They're charged for surgeries like depositing cash, not investing for long periods, or withdrawals.

In general, neither IC Markets or First Trade charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often trade, for example weekly or daily trading.

However, non-trading fees billed by IC Markets and First Trade are comparatively greater. Consequently, you are charged more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of resources.

This IC Markets vs First Trade review for 2026 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 talk completely with your trading platform is a key element when comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading forex.

Here you can 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 establishing this is by knowing how many customers are using their services.

Below you will find details of how many clients IC Markets and First Trade are active on their platform

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 whilst First Trade offers 101.

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