IC Markets vs Moomoo

IC Markets vs Moomoo Comparison Table 2023
IC Markets Review 2023	Moomoo Review 2023
Review 4.8	Review 3.8 Moomoo is #10 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US 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.	Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong and US stocks, ETFs and other assets. Margin trading is available and the brand accepts low minimum deposits while also decent several bonuses.
Bonus Offer
	Get up to 15 free stocks worth up to $2000
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."	"Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions."
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	Regulated by US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS) Member of FINRA and the Securities Investor Protection Corporation (SIPC) Access to full extended pre-market trading hours Attractive bonuses and financial incentives Superior trading analytics and insights ‘Moomoo Token’ transaction security No minimum deposit requirement Great mobile app for beginners AI alerts
Cons
No bonus deals for new traders Traders from the US not accepted Two-factor authentication not available for extra account security	High margin rate fees No phone or live chat support No negative balance protection No 2 factor authentication (2FA) Aimed mainly towards US residents
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 Trading Platform 2022 - Fintech Breakthrough Best Active Trading App 2021 - Investing Simple Best Trading Technology 2021 - Benzinga Best Online Stock Brokers 2021 - Benzinga
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	Stocks, Options, ETFs, ADRs, OTCs
Demo Account
Yes	Yes
Minimum Deposit
$200	$0
Trading Platforms
MT4 MT5 cTrader DupliTrade	Own
Payment Methods
BPAY Credit Card FasaPay Giropay Mastercard Neteller PayPal POLi QIWI Rapid Transfer Skrill TransferWise UnionPay Visa Wire Transfer	ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer
Minimum Trade
0.01 Lots	$0
Regulator
ASIC, CySEC, FSA	SEC, FINRA, MAS
Margin Trading
Yes	Yes
Margin Rate
	6.8
STP Account
No	No
ECN Account
No	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
Yes	No
Demat Account
No	No
AI / Machine Learning
No	No
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	Yes (iOS & Android)
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade
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 popular third-party copy trading tools - ZuluTrade and Myfxbook.
Social Trading
No	No
Trade Signals
Yes (Via Robot Feature)	None
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
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF	USD
Stock Exchanges
	Chicago Mercantile Exchange Hong Kong Stock Exchange Nasdaq New York Stock Exchange
Commodities
Gold Oil Orange Juice Precious Metals Silver
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.	CFD trading not offered
Leverage
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
1
GBPUSD Spread
0.5
Oil Spread
0.03
Stocks Spread
0.02
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.	Forex trading not offered
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
EURUSD Spread
0.1
EURGBP Spread
0.5
Assets
55+
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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