FBS vs IC Markets

FBS vs IC Markets Comparison Table 2023
FBS Review 2023 IC Markets Review 2023
4.3
4.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FBS is an award-winning forex and CFD broker based in Cyprus. The broker has a strong global reputation with authorization from the CySEC and ASIC, amongst others regulators. The brand has clients in over 190 countries, attracted by a diverse range of markets, the reputable MetaTrader platforms, plus trading promotions.

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 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.

Bonus Offer
$100 welcome bonus (only available in certain regions)
Promotions

FBS: $140 Level Up Bonus

FBS Makes Copytrading Risk-Free On Your First Three Trades

Comment by Reviewer
"FBS is a great choice for traders of all experience levels and budgets with a range of account types and access to both MetaTrader 4 and MetaTrader 5." "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
  • Great choice of account types including crypto, cent and ECN accounts, with decent spreads at 0.7 pips
  • Trusted broker with top-tier licenses, several notable awards and negative balance protection
  • No commission on deposits or withdrawals and low minimum deposits, ideal for beginners
  • NDD technologies ensure fast order execution within 0.4 seconds and no requotes
  • Comprehensive learning section with tailored courses, webinars and trading ideas
  • MT4 and MT5 platforms, plus a proprietary app with accessible 24/7 support
  • Low fees 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 and Zulutrade
  • 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 and mobile apps
  • Fast order execution speed of under 40ms
  • High leverage up to 1:500
Cons
  • Fewer account types for UK and EU clients
  • Average spreads on some assets
  • No copy trading
  • No bonus deals for new traders
  • Traders from the US not accepted
  • Two-factor authentication not available for extra account security
Awards
  • Best Customer Service Broker WBO 2022
  • Most Reliable Forex Broker MENA 2020
  • Best Social Trading Application MENA 2020
  • Best Mobile Trading Platform Asia 2020
  • Best FX Broker Europe 2019
  • Most Transparent Forex Broker 2018
  • Best Forex Broker Asia 2018
  • Best Safety of Client Funds Asia 2015
  • 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, forex, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account
Yes Yes
Minimum Deposit
$1 $200
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
  • cTrader
  • DupliTrade
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, IFSC, FSCA ASIC, CySEC, FSA
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
Yes No
DMA Account
No Yes
MAM Account
Yes Yes
PAMM Account
Yes Yes
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android 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 popular third-party copy trading tools - ZuluTrade and Myfxbook.
Social Trading
No No
Trade Signals
MT4 & MT5 Yes (Via Robot Feature)
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Go long or short on an excellent suite of financial markets with leveraged CFDs. Users can choose between three reliable platforms with fast execution, floating spreads from 1 pip and around the clock customer support. 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 (EU & Restricted Countries), 1:3000 (Global) 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
From 0.0 1
GBPUSD Spread
From 0.6 0.5
Oil Spread
From 0.0 0.03
Stocks Spread
Variable 0.02
Forex Trading
Trade 40+ popular majors, minors and exotics with tight spreads. FBS also offers an excellent suite of forex market research and education, including news, courses, and daily analysis. 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

The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores.

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 0.6 0.5
EURUSD Spread
From 0.5 0.1
EURGBP Spread
From 2.1 0.5
Assets
44 55+
Cryptocurrency
FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs. A strong selection of 60+ pairs are available, including BTC/USD and BTC/XAU. There is also a dedicated crypto account. 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
Floating BTC 0.4%, ETH 1%
Coins
  • ADA
  • ALG
  • AVA
  • BAT
  • BCH
  • BNB
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • FIL
  • IOT
  • LNK
  • LTC
  • MKR
  • MTC
  • NEO
  • OMG
  • SHB
  • SOL
  • TRX
  • UNI
  • VEC
  • XLM
  • XMR
  • XRPZEC
  • 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
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