Your capital is at risk. Trade only with funds you can afford to lose.
IC
#5 in our CFD broker rankings
Accepts traders from Singapore
Rating breakdown
- Regulation & trust4.61.3 higher than Fortrade (3.3)
- Assets & markets4.10.3 higher than Fortrade (3.8)
- Fees & costs4.61.3 higher than Fortrade (3.3)
- Platforms & tools4.00.7 higher than Fortrade (3.3)
- Accounts & banking4.00.7 higher than Fortrade (3.3)
- Education3.50.2 higher than Fortrade (3.3)
- Research4.00.5 higher than Fortrade (3.5)
- Customer support4.51.2 higher than Fortrade (3.3)
Fortrade’s score. Numbers show the difference.
Fortrade
#62 in our CFD broker rankings
Accepts traders from Singapore
Rating breakdown
- Regulation & trust3.31.3 lower than IC (4.6)
- Assets & markets3.80.3 lower than IC (4.1)
- Fees & costs3.31.3 lower than IC (4.6)
- Platforms & tools3.30.7 lower than IC (4.0)
- Accounts & banking3.30.7 lower than IC (4.0)
- Education3.30.2 lower than IC (3.5)
- Research3.50.5 lower than IC (4.0)
- Customer support3.31.2 lower than IC (4.5)
IC’s score. Numbers show the difference.
| IC | Fortrade | |
|---|---|---|
| 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. | Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform. |
| Customer Reviews | Based on 3 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.” | “With strong regulatory oversight, helpful educational content and support for the market-leading MetaTrader 4 platform, Fortrade is a good pick for active traders.” |
| Pros |
|
|
| Cons |
|
|
| Awards |
| – |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds |
| Demo Account | Yes | Yes |
| Minimum Deposit | $200 | $100 |
| Trading Platforms |
|
|
| Payment Methods | ||
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, SCB, CMA-Kenya | FCA, ASIC, FSC, CIRO, DFSA, CySEC |
| Margin Trading | Yes | Yes |
| STP Account | No | No |
| ECN Account | Yes | Yes |
| DMA Account | Yes | No |
| MAM Account | Yes | Yes |
| PAMM Account | Yes | Yes |
| 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 | 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 Fortrader mobile app can be used to trade 60+ 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. |
| 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 | 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 |
|
|
| Stock Exchanges | ||
| 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. | Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform. |
| Leverage | 1:5000 | 1:30 (varies by entity) |
| FTSE Spread | 1.0 | 2 |
| GBPUSD Spread | 0.23 | 2 |
| Oil Spread | 0.03 | 0.04 |
| Stocks Spread | 0.02 | Variable |
| 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. | Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips. |
| GBPUSD Spread | 0.23 | 2 |
| EURUSD Spread | 0.1 | 2 |
| EURGBP Spread | 0.27 | 3 |
| Assets | 75 | 60+ |
| 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. | Fortrade offers CFD trading on the largest cryptos by market cap paired with USD. Crypto CFD availability depends on local regulations and they are not offered in jurisdictions including the UK due to restrictions. |
| Spread | BTC 42.036 | Variable |
| Coins |
|
|
| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |