IC Markets vs First Trade, Who's Better?

Compare IC Markets vs First Trade

All online trading platforms has certain ups and downs, and a complete IC Markets and First Trade review would not be complete without embracing a fair assessment.

Examine IC Markets and First Trade in order to understand how they line up against each before you decide to make an account. Conducting a comparative analysis helps to put things into perspective in order that you're informed about what to expect.

So you are looking for a broker and are choosing between IC Markets or First Trade. Who is better in 2026?

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

If you're a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will acquire proficient at all the concepts of broker as you keep trading. For starters, you have to select the ideal broker who'll be transparent with you always.

In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and First Trade are just two such stages that will take you and your investment to great heights. It's important that you compare IC Markets vs First Trade until 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 full IC Markets vs First Trade Review covers everything you need to learn 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 brokerage service that aligns with your investing objectives.

There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.

IC Markets and First Trade are both brokers which have found their way successfully into the brokerage world. In this review, we've tried to collate some of the important facets of both IC Markets and First Trade. This review can help you to understand whether either First Trade or IC Markets is a good match for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.

Benefits of IC Markets and First Trade Compared

IC Markets has a minimum deposit of $200 while First Trade offers 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 allows you to trade around 232 financial instruments available.

The more financial instruments you can trade on the IC Markets and First Trade trading 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 First Trade.

IC Markets and First Trade Contact Details

Being able to contact an online trading platform through many ways 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. 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 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 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 current situation, 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 collection of rules for ensuring honest trading onto their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).

In accordance with their own privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.

Compare IC Markets vs First Trade Commission And Fees

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

However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 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 buying a stock or an ETF, you are billed trading charges. In these cases, you're spending a spread, financing speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people who are billed when you maintain a leveraged position for more than daily.

Apart from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.

Generally, neither IC Markets or First Trade charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often exchange, for example weekly or daily trading.

But, non-trading fees billed by IC Markets and First Trade are comparatively lower. Consequently, you're billed more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.

This IC Markets vs First Trade review for 2026 breaks down every one of the relevant non-trading charges 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 communicate easily with your online broker is a key part of comparing brokers to find your perfect trading partner. 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.

Here you will find all 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 customer base. It is important to work with an online broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers are using their services.

Below you will find details of how many customers 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 and First Trade offers 101.

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