IC Markets vs IronFX

IC Markets vs IronFX Comparison Table 2023
IC Markets IronFX
4.8
3.8
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 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.

IronFX offers CFD trading in forex, stocks, indices, commodities and futures with high leverage, a choice of bonuses, plus the reliable MT4 platform.

Bonus Offer
Traders can choose between: 100% unlimited Sharing Bonus – minimum $200 deposit. 40% Power Bonus up to $4,000 – minimum $500 deposit. 20% Iron Bonus up to $2,000 – minimum $100 deposit.
Promotions

IronFX: Claim A 40% Deposit Boost Up To $4000

IronFX Grand Trading Prix: 3 Laps, 30 Winners, $500K Prize Pot

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."
Pros
  • Low fees 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 and Zulutrade
  • 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 and mobile apps
  • Fast order execution speed of under 40ms
  • High leverage up to 1:500
  • Copy trading
  • MT4 integration
  • Low minimum deposit
  • Strong regulatory oversight
  • Multiple payment methods
  • Multiple account currencies
Cons
  • No bonus deals for new traders
  • Traders from the US not accepted
  • Two-factor authentication not available for extra account security
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
  • Best Online Trading Platform (2019)
  • Best Broker of the Year (2019)
  • Most Trustworthy Forex Broker Global (2019)
  • Best Online Trading & Financial Services Company (2020)
  • Best Online Forex Trading Platform (2021)
  • International Online Currency Trading Platform of the Year (2021)
  • Most Outstanding Online Trading Partners Program (2022)
Instruments
Futures, CFD, Forex, Crypto, REITs, Volatility Index Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Demo Account
Yes Yes
Minimum Deposit
$200 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
ASIC, CySec, FSA CySEC, FCA, FSCA, BMA / Bermuda
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 Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
Yes No
MAM Account
Yes Yes
PAMM Account
Yes Yes
LAMM Account
Yes Yes
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 Yes
Mobile Apps
iOS, Android and Windows Android, iOS, WebTrader
Auto Trading
Yes, via EQUINIX NY 4 EAs
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 popular third-party copy trading tools - ZuluTrade and Myfxbook. TradeCopier allows aspiring investors to copy the strategies of top traders in real-time. Funds can be withdrawn at any time.
Social Trading
No Yes
Trade Signals
Yes (Via Robot Feature) Yes
VPS Hosting
Yes Yes
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0 3%
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • PLN
  • CZK
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. Go long or short on 300+ CFDs with high leverage.
Leverage
ASIC and CySEC -1:30, FSA - 1:500, 1:1000 Elsewhere 1:30 (FCA) 1:30 (CySEC) 1:500 (FSCA) 1:1000 (BM)
FTSE Spread
1 pt From 140
GBPUSD Spread
0.5 pips From 0.8
Oil Spread
1 pt From 3
Stocks Spread
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. IronFX offers trading in major currency pairs, plus minors and exotic 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.

GBPUSD Spread
0.5 pips From 0.8
EURUSD Spread
0.1 pips From 0.7
EURGBP Spread
0.5 pips From 0.9
Assets
56+ 80+
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
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