Your capital is at risk. Trade only with funds you can afford to lose.
IC
#4 in our CFD broker rankings
Accepts traders from Syria
Rating breakdown
- Regulation & trust4.61.8 higher than CMTrading (2.8)
- Assets & markets4.11.6 higher than CMTrading (2.5)
- Fees & costs4.61.6 higher than CMTrading (3.0)
- Platforms & tools4.01.0 higher than CMTrading (3.0)
- Accounts & banking4.00.5 higher than CMTrading (3.5)
- Education3.50.5 lower than CMTrading (4.0)
- Research4.00.2 higher than CMTrading (3.8)
- Customer support4.51.2 higher than CMTrading (3.3)
CMTrading’s score. Numbers show the difference.
CMTrading
Doesn't accept traders from Syria. See available CFD brokers
Not available in your countryRead CMTrading review
Rating breakdown
- Regulation & trust2.81.8 lower than IC (4.6)
- Assets & markets2.51.6 lower than IC (4.1)
- Fees & costs3.01.6 lower than IC (4.6)
- Platforms & tools3.01.0 lower than IC (4.0)
- Accounts & banking3.50.5 lower than IC (4.0)
- Education4.00.5 higher than IC (3.5)
- Research3.80.2 lower than IC (4.0)
- Customer support3.31.2 lower than IC (4.5)
IC’s score. Numbers show the difference.
| IC | CMTrading | |
|---|---|---|
| Overview | IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries. | Established in 2012, CMTrading has emerged into a popular broker with active traders, particularly in South Africa. Sporting four account options (Basic, Trader, Gold, Premium) and the popular MT5 platform alongside the broker’s own Webtrader, it provides a compelling trading environment for short-term traders. |
| Customer Reviews | Based on 3 customer reviews | Based on 1 customer reviews |
| Trustpilot Score | – | |
| Comment by Reviewer | “IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.” | “CMTrading is well suited to traders in South Africa looking for highly leveraged trading opportunities on global financial markets through a user-friendly, web-accessible platform, with signals from reputable providers to help inform short-term trading decisions.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | Yes | Yes |
| Minimum Deposit | $200 | $100 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, SCB, CMA-Kenya | FSCA, FSA |
| Margin Trading | Yes | Yes |
| STP Account | No | No |
| ECN Account | Yes | Yes |
| DMA Account | Yes | No |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | No | No |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | IC deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They 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. Yet what really stands out is how they've managed to maintain the lightning-fast execution speed IC Markets (now just IC) is known for, right within the apps. It's a seamless trading experience that feels both professional and highly responsive. | The CMTrading app, while not as widely downloaded as major trading apps, offers a streamlined solution for trading on the go. Compatible with iOS and Android devices, it supports short-term trading on 165+ global markets. However, limited app store ratings mean it’s not as widely regarded as some competitors. |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | No |
| Copy Trading Platform | Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. | – |
| Social Trading | Yes | No |
| Trade Signals | Yes | Yes |
| VPS Hosting | Yes | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $15 |
| Islamic Account | Yes | Yes |
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| Overview | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC ensures optimal conditions for scalpers, hedgers, and algo traders alike. | CMTrading offers a narrow selection of 165+ CFDs spanning forex, shares, indices, energies, metals and cryptocurrencies with variable leverage up to 1:200 and floating spreads. Day traders can use the popular MT5 or the user-friendly, Webtrader, which also delivers real-time trading tips and market forecasts. |
| Leverage | 1:5000 | 1:200 |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 0.23 | 0.1 |
| Oil Spread | 0.03 | 0.01 |
| Stocks Spread | 0.02 | 0.1 |
| Forex Trading | ||
| Overview | IC maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. | Trade 50 forex pairs with floating spreads starting from 2+ pips on the regular account through to a minimum of 0.9 pips on premium ECN accounts. Traders benefit from in-depth forex education resources on CMTrader's academy and from daily signals. |
| GBPUSD Spread | 0.23 | 0.1 |
| EURUSD Spread | 0.1 | 0.1 |
| EURGBP Spread | 0.27 | 0.1 |
| Assets | 75 | 50+ |
| Cryptocurrency | ||
| Overview | IC offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access leverage in the MetaTrader platforms. | Trade 15+ popular cryptos, including BTC, ETH and XRP, through CFDs paired with the USD and via floating spreads. You won’t own the underlying digital token. |
| Spread | BTC 42.036 | 1.0 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Not available in your countryRead CMTrading review