Your capital is at risk. Trade only with funds you can afford to lose.
IC
#2 in our CFD broker rankings
Accepts traders from RF
Rating breakdown
- Regulation & trust4.61.3 higher than FBS (3.3)
- Assets & markets4.10.4 higher than FBS (3.7)
- Fees & costs4.60.6 higher than FBS (4.0)
- Platforms & tools4.00.5 higher than FBS (3.5)
- Accounts & banking4.00.5 higher than FBS (3.5)
- Education3.5same as FBS (3.5)
- Research4.00.2 higher than FBS (3.8)
- Customer support4.50.7 higher than FBS (3.8)
FBS’s score. Numbers show the difference.
FBS
#4 in our CFD broker rankings
Accepts traders from RF
Rating breakdown
- Regulation & trust3.31.3 lower than IC (4.6)
- Assets & markets3.70.4 lower than IC (4.1)
- Fees & costs4.00.6 lower than IC (4.6)
- Platforms & tools3.50.5 lower than IC (4.0)
- Accounts & banking3.50.5 lower than IC (4.0)
- Education3.5same as IC (3.5)
- Research3.80.2 lower than IC (4.0)
- Customer support3.80.7 lower than IC (4.5)
IC’s score. Numbers show the difference.
| IC | FBS | |
|---|---|---|
| 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. | Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions. |
| Customer Reviews | Based on 3 customer reviews | Based on 19 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.” | “FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | CFDs, Forex, Indices, Shares, Commodities |
| Demo Account | Yes | Yes |
| Minimum Deposit | $200 | $5 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, SCB, CMA-Kenya | ASIC, CySEC, FSCA, FSC |
| Margin Trading | Yes | Yes |
| STP Account | No | Yes |
| 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 | 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. | FBS offers an intuitive proprietary app that is designed to be user-friendly for traders of all levels. Available on both Android and iOS, it's not only easy to navigate but also ensures swift trade execution with speeds from 0.01 seconds. This, combined with a user-friendly interface, provides excellent control over short-term trading strategies. More experienced traders will also appreciate support for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, featuring advanced charting packages and Expert Advisors (EAs). |
| Android App Rating | ||
| iOS App Rating | ||
| 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 | MT4 & MT5 |
| VPS Hosting | Yes | Yes |
| Tournaments | No | No |
| Demo Competitions | No | Yes |
| 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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| Commodities | ||
| 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. | FBS is a CFD broker, allowing you to speculate on the price movements of these assets without actually owning them. CFDs are available in various asset classes, including forex, commodities, indices, and stocks, but there are no opportunities for trading ETFs, bonds, or options. However, what truly empowers traders is the competitive spreads and generous leverage up to 1:3000 (capped at 1:30 for EU traders), all without inactivity or withdrawal fees. |
| Leverage | 1:5000 | 1:3000 |
| FTSE Spread | 1.0 | 3.42 |
| GBPUSD Spread | 0.23 | 1.3 |
| Oil Spread | 0.03 | 0.02 |
| Stocks Spread | 0.02 | 0.12 (Apple) |
| 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. | FBS offers an improved selection of 72 majors, minors and exotics. Spreads are fairly competitive, averaging 0.7 pips for EUR/. There’s also an excellent range of forex market resources and tools on offer, including calculators and an intensive forex course. |
| GBPUSD Spread | 0.23 | 1.3 |
| EURUSD Spread | 0.1 | 1.1 |
| EURGBP Spread | 0.27 | 1.3 |
| Assets | 75 | 70+ |
| 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. | Crypto trading not offered |
| Spread | BTC 42.036 | 19.75 (BTC/USD) |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |