ICM Brokers vs FXChoice

ICM Brokers vs FXChoice Comparison Table 2024
ICM Brokers	FXChoice
Review 1.5	FXChoice has closed.

ICM Brokers is a Vanuatu-based broker offering a range of markets including CFDs, forex, futures, and options. The broker does not hold any top-tier licenses and there is limited company information available online.	FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up.
Bonus Offer
	50% or 65% Welcome Deposit Bonus
Comment by Reviewer
"ICM Brokers could serve traders that are looking for fixed spreads, high leverage and willing to pay the $250 minimum deposit."	"We recommend FXChoice for active traders with high leverage up to 1:1000, spreads from 0.0 pips and a five-tier loyalty program with fee rebates."
Pros
Daily technical analysis report on key markets, including EUR/USD and Dow Jones Access to the renowned MetaTrader 4 platform with customizable charting tools Integrated economic calendar for keeping up with market events Highly leveraged trading up to 1:400	Tight spreads starting from 0.0 pips Bitcoin deposits and withdrawals GPS robot 100k EA download Hedging and scalping allowed MT4 and MT5 downloads Commission-free trading FIFO rule not applicable Cryptocurrency trading Social trading solution Pips+ loyalty scheme VPS available
Cons
Uncompetitive fixed spreads and high commissions Withdrawals must be made via request form Offshore regulation reduces client safety Limited range of trading instruments Narrow range of funding methods Slow customer support upon testing	Limited selection of commodities Weak regulatory oversight
Awards
	Exceptional Customer Service 2019 - 2021 - LiveHelpNow
Instruments
Forex, equity CFDs, precious metals, energies, futures	CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares
Demo Account
Yes	Yes
Minimum Deposit
$250	$100
Trading Platforms
MT4	MT4 MT5
Payment Methods
Mastercard Neteller PayPal Visa Western Union	ADVcash Airtm AstroPay Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Mastercard Neteller PayRedeem Paysafecard Perfect Money POLi Skrill Sticpay Visa
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
VFSC	FSC
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	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	Yes
Mobile Apps
Yes	iOS & Android
App Review
	MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions.
Social Trading
No	Yes
Trade Signals
	Yes - MQL5
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD
Stock Exchanges
	Euronext FTSE UK Index Japan Exchange Group Nasdaq New York Stock Exchange S&P 500
Commodities
Gold Natural Gas Silver	Gold Oil Silver
CFD Trading
CFDs are available to trade on the powerful MT4 platform with a free demo account to test out strategies. With that said, the demo is only available for 20 days, which is disappointing.	FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center.
Leverage
1:400 (Retail), 1:100 (Pro)	1:200
FTSE Spread
3.5	From $18.53
GBPUSD Spread
3	From $8
Oil Spread
Floating	From $40
Stocks Spread
Variable	Variable
Forex Trading
Trade a small range of currency pairs with fixed spreads and high leverage up to 1:400. On the downside, fees are not the most competitive vs other brokers.	Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit.
Forex App
	MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.
GBPUSD Spread
3	From $8
EURUSD Spread
2	From $5
EURGBP Spread
3	From $6.95
Assets
20+	36
Cryptocurrency
Crypto trading not offered	FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15.
Spread
	0.11 - 3.0 pips
Coins
	BTC LTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	Yes

Review	FXChoice has closed.
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