Your capital is at risk. Trade only with funds you can afford to lose.
IC
#5 in our CFD broker rankings
Accepts traders from Egypt
Rating breakdown
- Regulation & trust4.60.3 higher than Eightcap (4.3)
- Assets & markets4.10.5 higher than Eightcap (3.6)
- Fees & costs4.60.8 higher than Eightcap (3.8)
- Platforms & tools4.00.3 lower than Eightcap (4.3)
- Accounts & banking4.0same as Eightcap (4.0)
- Education3.5same as Eightcap (3.5)
- Research4.00.5 higher than Eightcap (3.5)
- Customer support4.50.5 higher than Eightcap (4.0)
Eightcap’s score. Numbers show the difference.
Eightcap
#7 in our CFD broker rankings
Accepts traders from Egypt
Services are provided subject to applicable laws and regulations. Certain products, services, instruments, platforms or payment methods may not be available to residents of certain jurisdictions.
Rating breakdown
- Regulation & trust4.30.3 lower than IC (4.6)
- Assets & markets3.60.5 lower than IC (4.1)
- Fees & costs3.80.8 lower than IC (4.6)
- Platforms & tools4.30.3 higher than IC (4.0)
- Accounts & banking4.0same as IC (4.0)
- Education3.5same as IC (3.5)
- Research3.50.5 lower than IC (4.0)
- Customer support4.00.5 lower than IC (4.5)
IC’s score. Numbers show the difference.
| IC | Eightcap | |
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| 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. | Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required. |
| Customer Reviews | Based on 3 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | ||
| Promotions | – | |
| 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.” | “Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | CFDs in Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | Yes | Yes |
| Minimum Deposit | $200 | $100 |
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| Payment Methods | Credit and Debit card, wire transfer, Neteller, Skrill, Paypal, Fasapay, Bitcoin and more. Payment method options vary by country. | |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, SCB, CMA-Kenya | FCA, ASIC, CySEC, FSC, SCB, FSA |
| Margin Trading | Yes | Yes |
| STP Account | No | No |
| ECN Account | Yes | Yes |
| DMA Account | Yes | No |
| MAM Account | Yes | Yes |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | No | Yes |
| 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. | Eightcap supports the MT4, MT5 and TradingView apps (the only FCA regulated broker offering TradingView), catering to mobile traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders and Eightcap has published helpful videos on connecting TradingView accounts to iOS and Android devices. |
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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 | Yes |
| Trade Signals | Yes | – |
| VPS Hosting | Yes | Yes |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $0 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| 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. | Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area. |
| Leverage | 1:5000 | 1:500 |
| FTSE Spread | 1.0 | 1.2 |
| GBPUSD Spread | 0.23 | 0.1 |
| Oil Spread | 0.03 | 0.03 |
| Stocks Spread | 0.02 | 0.03 (Apple Inc) |
| 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. | Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market. |
| GBPUSD Spread | 0.23 | 0.1 |
| EURUSD Spread | 0.1 | 0.0 |
| EURGBP Spread | 0.27 | 0.1 |
| Assets | 75 | 50+ |
| Currency Indices | – |
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| 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. | Eightcap’s crypto offering is best-in-class with 120+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders. |
| Spread | BTC 42.036 | $12 (BTC) |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Services are provided subject to applicable laws and regulations. Certain products, services, instruments, platforms or payment methods may not be available to residents of certain jurisdictions.