Binary.com vs IC Markets - Online Brokerage Comparison

Binary.com vs IC Markets | Trading Brokerage Comparison

Binary.com vs IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
$200MT5, MT4, cTrader, Apps230+ASIC, CySEC, FSA

Binary.com vs IC Markets Comparison

Both of these brokers offer trading on MetaTrader 5 (MT5). IC Markets additionally provides MetaTrader 4 (MT4) and cTrader.

IC Markets is an ECN broker and offer high speed order processing and an environment for traders who use a wide variety of styles. This said, in some countries Binary.com provides an STP MT5 Advanced account.

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

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

Quick comparison

Both brokers offer MT5. IC Markets additionally provides MT4 and cTrader. IC Markets is an ECN broker. Binary.com offers 24/7 trading.

Minimum deposit and key account features

The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5. The minimum deposit for IC Markets is $200.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries). The minimum trade size is 0.01 lots.
  • 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

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • IC Markets offers Forex, Commodities, Indices, Cryptocurrencies, Stocks, ETFs and Bonds, with 230+ available on MT5. On MT4, IC Markets offers Forex, Commodities, Indices and Cryptocurrencies, with 100+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, EOS, Bitcoin Cash and Emercoin.
  • IC Markets provides Bitcoin, Ethereum, Litecoin, Ripple, DASH, EOS, Bitcoin Cash, Emercoin, Namecoin and Peercoin.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1. Maximum leverage for Binary.com on MT5 Synthetic Indices is 1000:1. Maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1. Maximum leverage for IC Markets (CySEC regulated) is

Online trading platforms

Binary.com offers a web trader and MT5. IC Markets provides MT5, MT4 and cTrader. Both offer mobile apps.

Why Binary.com or IC Markets ?

Traders who want to trade on MT4 and cTrader can find these platforms at IC Markets. Traders who wish to trade on MT5, may find this online trading platform at either broker. IC Markets is an ECN broker and can thus be of interest to traders who trade with a wide range of trading styles. This said, Binary.com does offer an STP Advanced MT5 account. On its Standard MT5 account, Binary.com provides 24/7 Cryptocurrency CFD trading. Binary.com additionally offers 24/7 trading on simulated markets on its web trader and MT5.

Comparison summary

  • Both brokers provide CFD trading
  • Each broker offers MT5
  • IC Markets additionally offers MT4 and cTrader
  • IC Markets is an ECN broker
  • Binary.com provides an STP Advanced MT5 account
  • Binary.com has a lower minimum deposit (none for MT5 vs $200)
  • IC Markets offers support for social and copy trading
  • Binary.com has 24/7 trading

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