IC Markets vs Errante

IC Markets vs Errante Comparison Table 2023
IC Markets Review 2023 Errante Review 2023
4.8
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.

Comment by Reviewer
"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." "We recommend Errante for users seeking multi-asset trading on the MT4 and MT5 platforms. The copy trading platform and straightforward sign-up process will also suit newer traders."
Pros
  • 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
  • Reputable and trustworthy multi-asset broker
  • Supports cTrader, MT4 and MT5 platforms
  • Good range of cryptocurrencies including Bitcoin
  • Good selection of educational content and useful trading tools
  • Open an account in four easy steps
  • Copy trading available
  • Low starting deposit
Cons
  • No bonus deals for new traders
  • Traders from the US not accepted
  • Two-factor authentication not available for extra account security
  • Small selection of shares
  • MT4 not available to EU traders
  • Advanced educational content is expensive to unlock
  • High deposits to unlock advanced account tiers with more favorable trading terms
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
  • Best ECN/STP Broker 2022 - UF Awards
  • Best Forex Newcomer 2021 - Forex Awards
  • Fastest Growing Broker 2021 - Ultimate Fintech Awards
  • Best Trade Executions 2020 - Forex Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto CFDs, Stocks, Indices, Forex, Metals, Energies, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$200 $50
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • DupliTrade
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, FSA CySEC, FSA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
Yes No
MAM Account
Yes Yes
PAMM Account
Yes No
LAMM Account
Yes No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android & Windows iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes 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. The Errante copy trading solution allows users to choose from a selection of master traders with insights into their returns, volatility ratio, recovery factor, and more. There are also no restrictions on the number of traders you can follow.
Social Trading
No No
Trade Signals
Yes (Via Robot Feature) MetaTrader
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 $15
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage. Errante customers can trade stocks, indices, commodities and cryptocurrencies with leveraged CFDs. The level of leverage available depends on regulatory oversight, with 1:30 the maximum allowed in the EU though this varies by asset.
Leverage
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) 1:500
FTSE Spread
1 From 1.5 pips (Standard Account)
GBPUSD Spread
0.5 From 1.5 pips (Standard Account)
Oil Spread
0.03 From 1.5 pips (Standard Account)
Stocks Spread
0.02 From 1.5 pips (Standard Account)
Forex Trading
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. Errante traders can access 50+ forex pairs with leverage up to 1:500 (location dependant). The broker offers fast execution and tight spreads, especially to clients with VIP and Tailor-Made accounts.
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
0.5 From 1.5 pips (Standard Account)
EURUSD Spread
0.1 From 1.5 pips (Standard Account)
EURGBP Spread
0.5 From 1.5 pips (Standard Account)
Assets
55+ 50+
Cryptocurrency
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. Errante clients can speculate on price movements of 26 crypto tokens, all paired with USD. CFDs allow for leveraged trading, but note that you will not directly own the assets traded.
Spread
BTC 0.4%, ETH 1% From 1.5 pips (Standard Account)
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • DASH
  • XRP
  • EOS
  • EMC
  • NMC
  • PPC
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • DASH
  • EOS
  • IOTA
  • NEO
  • OMG
  • QTU
  • TRX
  • XMR
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
IC Markets
vs
Errante
vs