24Option vs IC Markets - Compare Trading Brokers

24Option vs IC Markets | Online Brokerage Comparison

24Option vs IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps250+CySEC, IFSC
$200MT4, MT5, cTrader230+CySEC, ASIC, FSA

24Option vs IC Markets Comparison

IC Markets is an ECN broker offering MT4, MT5 and cTrader. These platforms each support both non-automated trading (where the trader executes their trades) and automated trading where a trading robot executes trades on behalf of the trader. IC Markets has no dealing desk intervention and utilises Equinix infrastructure which helps deliver high speed order execution.

24Option also provides MT4, letting the trader access its features such as automated trading tools, but in addition offers a user friendly web trader and apps, thus providing an interface for the human trader who wishes to trade from a range of CFD markets.

24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. IC Markets is regulated by the CySEC in Cyprus, the ASIC in Australia and the FSA in the Seychelles.

Quick comparison

24Option offers a web trader and apps along with MT4, while IC Markets is an ECN broker providing MT4, MT5 and cTrader.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for IC Markets is $200.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
  • IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.

Markets

  • 24Option offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities and Metals, with 250+ available.
  • IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities, Metals, ETFs and Bonds, with 230+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Ethereum Classic, Bitcoin Gold, Stellar and Monero.
  • IC Markets provides Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, EOS, Emercoin, Namecoin and Peercoin.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1. Maximum leverage for IC Markets (CySEC regulated) is .

Online trading platforms

24Option provides a web trader and apps and MT4. IC Markets offers MT4, MT5 and cTrader.

Why 24Option or IC Markets ?

Those wishing to use MT4 can find this trading platform at either broker. However traders wishing to use this platform's facility for building and running Expert Advisors - EAs - (trading robots) may appreciate IC Markets's no dealing desk intervention ECN trading, which can support a wide range of trading styles. Furthermore, IC Markets offers MT4's successor, MT5, which also supports EAs. Additionally, IC Markets provides cTrader which is a platform that provides what is arguably a user friendly interface, but has powerful features including strategy building and execution (like MT4, but using robots called cBots). 24Option additionally provides a user friendly trading platform for the human trader, where the trader can find its range of CFD markets and utilise tools such as Trading Central to help them in their decision making.

Comparison summary

  • Both offer CFD trading
  • IC Markets is an ECN broker
  • Both provide MT4
  • IC Markets also offers MT5 and cTrader
  • 24Option also provides a web trader (and apps)

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