IC Markets vs FXDD

IC Markets vs FXDD Comparison Table 2023
IC Markets FXDD
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 day 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.

FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.

Bonus Offer
Available in Mauritius, Labuan, Peru
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." "After exploring the accounts, I recommend FXDD for experienced traders looking for reliable VPS hosting and automated trading tools. It will also serve traders familiar with the MetaQuotes software, with both the MT4 and MT5 platforms on offer."
Pros
  • Low fees for active traders 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, Zulutrade and Signal Start
  • 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 with excellent charting packages
  • Fast order execution speed of under 40ms
  • High leverage up to 1:500
  • I was pleased to see Trading Central integration which offers daily fundamental market analysis, automated chart pattern software and market insights newsletters
  • I find FXDD highly accessible for beginners with just a $1 minimum deposit to get started, plus cent, mini, micro and demo accounts
  • I feel reassured that the broker is regulated by various regulators that offer investor compensation and negative balance protection
  • It's good to see VPS accounts for algo traders and experienced traders who are looking to run complex automated strategies
  • I'm glad to see responsive 24/7 multilingual customer support, since many traders only offer 24/5 customer service
  • MAM and PAMM accounts are also available for those who want to manage trader portfolios and earn commissions
Cons
  • No bonus deals for new traders
  • Traders from the US not accepted
  • Two-factor authentication not available for extra account security
  • It's a shame that a $40 inactivity fee applies to accounts that have been dormant for more than 90 days. This is a little high compared to some other brands
  • I also don't appreciate that withdrawal fees apply for more than one payment per calendar month, which is particularly punitive for active traders
  • In addition, there is a $25 withdrawal fee for payments under $100, which is steep and will hurt beginners the most
  • Overall, I think FXDD offers a pretty narrow range of instruments compared to the top brokers
  • I think the broker should improve their outdated market insights section
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
  • Most Transparent Broker in Europe 2022 - ForexRating.com Awards
  • Most Trusted Broker - The Forex Expo Dubai 2021 Awards
  • Best Forex Broker - The Forex Expo Dubai 2020
  • Best Regulated Forex Broker - Saudi Money Expo 2018
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto Forex, CFDs, Indices, Commodities, On-Exchange Stocks & Futures
Demo Account
Yes Yes
Minimum Deposit
$200 $1
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • DupliTrade
  • WebTrader
  • FXDD Mobile App
  • MT4
  • MT5
Payment Methods
Credit Card, Wire Transfer, Visa, Mastercard, Neteller, Skrill & other PSP providers depending on the region.
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, FSA Malta Financial Services Authority (MFSA), Mauritius Financial Services Commission (MFSC), Labuan Financial Services Authority (LFSA), Superintendencia de Banca, Seguros (SBS)
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
Yes No
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 Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android & Windows Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade Expert Advisors (EAs) on MetaTrader. Entity dependent.
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 Signal Start, plus popular third-party copy trading tools - ZuluTrade and Myfxbook.
Social Trading
No Yes
Trade Signals
Signal Start 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
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
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. Traders can access CFDs across forex, indices, commodities and stocks. I was able to employ automated and scalping strategies in both MetaTrader platforms, and I think experienced CFD traders will appreciate the range of free trading tools on offer, including a custom price ticker.
Leverage
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) 1:500* Leverage varies depending on the region
FTSE Spread
1 2.30
GBPUSD Spread
0.5 0.4
Oil Spread
0.03 6.0
Stocks Spread
0.02 Variable
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. During my tests, I was able to access a very competitive range of 90+ forex pairs with ECN spreads from 0.0 pips and leverage up to 1:500. FX traders can also make use of the Trading Central signals or the broker's daily forex analysis.
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 0.4
EURUSD Spread
0.1 0.5
EURGBP Spread
0.5 1.6
Assets
55+ 90+
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. Crypto trading not offered
Spread
BTC 0.4%, ETH 1%
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • DASH
  • XRP
  • EOS
  • EMC
  • NMC
  • PPC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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