IC Markets vs Fortrade

IC Markets vs Fortrade Comparison Table 2023
IC Markets Fortrade
WINNER
IC Markets is the better broker
4.8
United States Flag Traders from US not accepted
Not Yet Rated
United States Flag Traders from US not accepted
Trade Forex on 0.0 pip spreads with the world's leading True Raw forex broker - IC Markets. Fortrade is a multi-asset broker offering a simple live account with advanced trading tools and daily analysis features.
Pros
  • Demo account
  • MetaTrader 4
  • Strong regulatory oversight
Cons
  • Slow deposit process
  • Withdrawal fees
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
Instruments
Futures, CFD, Forex, Crypto, REITs, Volatility Index Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
Yes Yes
Minimum Deposit
$200 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySec, FSA FCA, ASIC, CySEC, NBRB, FSC, IIROC
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No Yes
DMA Account
Yes Yes
MAM Account
Yes Yes
PAMM Account
Yes Yes
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 and Windows iOS & Android
Auto Trading
Yes, via EQUINIX NY 4 Yes (EAs)
Copy Trading
Yes No
Copy Trading Platform
Based in Australia, IC Markets, is a good all-round broker for the MetaTrader suites, cTrader, ZuluTrade and Myfxbook. IC Markets has been around for over 10 years, so clients also enjoy a comprehensive range of educational tools and research.
Social Trading
No No
Trade Signals
Yes (Via Robot Feature) 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 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade multiple financial assets with flexible leverage
Leverage
ASIC and CySEC -1:30, FSA - 1:500 1:30 (varies by entity)
FTSE Spread
1 pt 2
GBPUSD Spread<
0.5 pips 2
Oil Spread
1 pt 0.04
Stocks Spread
Variable
Forex Trading
Trade Forex on 0.0 pip spreads with one of the world's leading forex brokers - IC Markets. Great choice for serious traders. ASIC regulated. Trade 50+ major and minor forex pairs
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.

The Fortrader mobile app can be used to trade 50+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.

GBPUSD Spread
0.5 pips 2
EURUSD Spread
0.1 pips 2
EURGBP Spread
0.5 pips 3
Assets
56+ 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. Trade four leading crypto coins against the US Dollar
Spread
BTC 0.4%, ETH 1% Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • DASH
  • XRP
  • EOS
  • EMC
  • NMC
  • PPC
  • BTC
  • DSH
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
IC Markets
vs
Fortrade
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