IC Markets vs Interactive Brokers
IC Markets | Interactive Brokers |
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4.8
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4.3
Interactive Brokers is #1 in our CFD broker rankings. |
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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. |
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources. |
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." | "Experienced day traders seeking a regulated broker with sophisticated trading software and very low fees should look at IB. Their range of stocks also can't be beaten." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$200 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | $100 |
Regulator | |
ASIC, CySEC, FSA | SEC, FCA, IIROC, SFC |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1.55 - 2.59% | |
STP Account | |
No | Yes |
ECN Account | |
No | No |
DMA Account | |
Yes | Yes |
MAM Account | |
Yes | Yes |
PAMM Account | |
Yes | No |
LAMM Account | |
Yes | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS, Android & Windows | iOS, Android & Windows |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Capitalise.ai & TWS API |
Copy Trading | |
Yes | No |
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 | No |
Trade Signals | |
Signal Start | |
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 | $0 |
Islamic Account | |
Yes | No |
Account Currencies | |
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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. | Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. |
Leverage | |
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | 1:50 |
FTSE Spread | |
1 | 0.005% (£1 Min) |
GBPUSD Spread | |
0.5 | Commission (.20 pts x trade value) |
Oil Spread | |
0.03 | N/A |
Stocks Spread | |
0.02 | From 0.003 per share, 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. | Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. |
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. |
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GBPUSD Spread | |
0.5 | Commission (.20 pts x trade value) |
EURUSD Spread | |
0.1 | Commission (.20 pts x trade value) |
EURGBP Spread | |
0.5 | Commission (.20 pts x trade value) |
Assets | |
55+ | 70+ |
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. | Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. |
Spread | |
BTC 0.4%, ETH 1% | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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