PrimeXBT vs IC Markets

PrimeXBT vs IC Markets Comparison Table 2023
PrimeXBT IC Markets
WINNER
IC Markets is the better broker
4.2
United States Flag Traders from US not accepted
4.8
United States Flag Traders from US not accepted
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies. Copy trading and crypto staking also available. Trade Forex on 0.0 pip spreads with the world's leading True Raw forex broker - IC Markets.
Pros
  • Low minimum deposit
  • Copy trading
Cons
  • No demo account
  • No MT4 integration
  • No regulatory oversight
Awards
  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • 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
Promotions

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Instruments
CFDs, Cryptos, Forex, Indices, Commodities Futures, CFD, Forex, Crypto, REITs, Volatility Index
Demo Account
No Yes
Minimum Deposit
0.001 BTC $200
Payment Methods
Minimum Trade
0.01 contract 0.01 Lots
Regulator
ASIC, CySec, FSA
Margin Trading
Yes No
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No Yes
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
No Yes
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Yes, via EQUINIX NY 4
Copy Trading
Yes Yes
Copy Trading Platform
PrimeXBT offers an excellent Covesting module where traders can follow the strategies of other users with free and paid-for signals. Based in Australia, IC Markets, is a good all-round broker for the MetaTrader suites, cTrader, ZuluTrade and Myfxbook. IC Markets has been around for over 10 years, so clients also enjoy a comprehensive range of educational tools and research.
Social Trading
Yes No
Trade Signals
No Yes (Via Robot Feature)
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs with low fees and fast execution speeds.
Leverage
1:200 ASIC and CySEC -1:30, FSA - 1:500, 1:1000 Elsewhere
FTSE Spread
Variable 1 pt
GBPUSD Spread<
Variable 0.5 pips
Oil Spread
Variable 1 pt
Stocks Spread
Variable
Forex Trading
Trade on close to 20 currency pairs, including crypto pairs. 'Covest' and follow experienced traders. Trade Forex on 0.0 pip spreads with one of the world's leading forex brokers - IC Markets. Great choice for serious traders. ASIC regulated.
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
Variable 0.5 pips
EURUSD Spread
Variable 0.1 pips
EURGBP Spread
Variable 0.5 pips
Assets
18 56+
Cryptocurrency
Trade on popular cryptocurrency coins with an award winning trading platform. Leverage up to 1:200 subject to regulation. 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.
Spread
0.05% BTC, 0.05% ETH BTC 0.4%, ETH 1%
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • BTC
  • BCH
  • ETH
  • LTC
  • DASH
  • XRP
  • EOS
  • EMC
  • NMC
  • PPC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
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