CPT Markets vs IC Markets

CPT Markets vs IC Markets Comparison Table 2023
CPT Markets IC Markets
3
4.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

CPT Markets is a London-based forex and CFD broker regulated by the FCA. Founded in 2008, this established brokerage offers trading across currencies, equities, commodities, futures and bonds with leverage up to 1:30. The broker's services are more limited than other firms, with just the MT4 platform on offer and no additional trading features.

IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced day traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.

Comment by Reviewer
"CPT Markets will suit traders looking for a UK-regulated, no-frills online broker, or professional traders looking for institutional trading conditions. " "IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders."
Pros
  • FCA-regulated with FSCS protection and negative balance protection
  • Competitive range of 100 currency pairs, as well as futures and options
  • Beginner and intermediate level educational resources, plus weekly research bulletins
  • Industry renowned MT4 trading platform
  • Easy-access demo account
  • Fast sign-up process
  • Low fees for active traders with spreads from 0.0 pips and zero commissions
  • Premium educational resources and trading tools including podcasts, forex calculators and tick charts
  • Beginner-friendly social trading features including IC Social, Myfxbook, Zulutrade and Signal Start
  • 15+ payment methods in 10 base currencies including PayPal and Skrill
  • Responsive 24/7 customer support plus an extensive help centre
  • Reliable MT4 and cTrader platforms with excellent charting packages
  • Fast order execution speed of under 40ms
  • High leverage up to 1:500
Cons
  • Wider spreads than many brokers
  • Limited additional trading tools
  • No live chat customer support
  • Only one trading platform
  • No bonus deals for new traders
  • Traders from the US not accepted
  • Two-factor authentication not available for extra account security
Awards
  • Best MT4/MT5 Broker 2023 - DayTrading.com
  • Best Forex Broker 2022 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Trading App 2020 - DayTrading.com
Instruments
CFDs, futures, options CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $200
Trading Platforms
  • MT4
  • MT4
  • MT5
  • cTrader
  • DupliTrade
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, IFSC (Belize) ASIC, CySEC, FSA
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS, Android & Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade
Copy Trading
No Yes
Copy Trading Platform
The IC Social app is easy-to-use and allows traders to learn, share and mirror positions in a few clicks. The app also hosts risk management tools and facilitates direct messaging and dedicated trading groups. Alternatively, IC Markets provides access to Signal Start, plus popular third-party copy trading tools - ZuluTrade and Myfxbook.
Social Trading
No No
Trade Signals
Yes Signal Start
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Commodities
CFD Trading
Trade CFDs across metals, energies and indices with leverage up to 1:30. Traders can access 50+ indicators and charting tools, although no other analysis tools or software are offered. Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage.
Leverage
1:30 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
From 1.8 1
GBPUSD Spread
From 1.8 0.5
Oil Spread
From 1.8 0.03
Stocks Spread
From 1.8 0.02
Forex Trading
There is an impressive selection of 100 forex pairs in the MT4 platform. However, spreads start from 1.8 pips for retail traders, which is not competitive vs other brokers. Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees.
Forex App

IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps.

GBPUSD Spread
From 1.8 0.5
EURUSD Spread
From 1.8 0.1
EURGBP Spread
From 1.8 0.5
Assets
100 55+
Cryptocurrency
Crypto trading not offered IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet.
Spread
BTC 0.4%, ETH 1%
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • DASH
  • XRP
  • EOS
  • EMC
  • NMC
  • PPC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
CPT Markets
vs
IC Markets
vs