IC Markets vs ITRADER Comparison

IC Markets vs ITRADER Broker Comparison

IC Markets versus ITRADER
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC
$250MT4200+CySEC

IC Markets and ITRADER Comparison - Variable spreads and MT4 at ITRADER, variable spreads, ECN trading and MT4 at IC Markets

IC Markets offers ECN trading, with low spreads which have a commission charge, as well as STP trading. ITRADER provides variable spreads, which can be tight, without a commission charge. One thing both brokers have in common is that they offer MT4. As an ECN broker, IC Markets also provides cTrader as well as MT5. IC Markets is regulated by the ASIC in Australia, while ITRADER is regulated by the CySEC in Cyprus.

Quick comparison

IC Markets - MT4, MT5, cTrader ECN broker VS ITRADER - MT4 STP broker

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for ITRADER is $250.

  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions.
  • IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type.
  • ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available on request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.

Markets

  • IC Markets offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Precious Metals, Stocks, ETFs and Bonds, with 230+ available.
  • ITRADER offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 200+ available.

Cryptocurrency CFDs

  • IC Markets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, DASH, EOS, Namecoin, Peercoin and Emercoin.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash ABC, Ripple, DASH, Bitcoin Gold, Ethereum Classic, Monero, Cardano, Bitcoin SV, IOTA, Lisk, NEO, Qtum, Siacoin, Tether, NEM, Stellar, Zcash, Verge, WAVES, TRON and Golem.

Spreads and leverage

  • Spreads at IC Markets are variable and are from -0.3 for EUR/USD on cTrader (0.0 on MT4), 1 for UK100, 0.3 for Gold, and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.
  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.

Maximum leverage for IC Markets is 500:1. Maximum leverage for ITRADER is .

Commissions

IC Markets charges a commission of $3.50 per lot per side for the True ECN account and the cTrader account charges a commission of $3 per 100,000 USD traded per side.

ITRADER does not charge commissions.

Platforms

ITRADER provides MT4. IC Markets provides MT4, a web trader, MT5 and cTrader. These platforms are available for desktop, tablet and mobile.

Comparison summary

  • Both of these brokers offer MT4
  • ITRADER can provide more CFDs
  • IC Markets is an ECN broker
  • ITRADER offers variable spreads without a commission charge
  • ITRADER's tightest spreads are on its Platinum account type
  • IC Markets provides very low variable spreads with a commission charge
  • IC Markets can also offer tight variable spreads without a commission charge for STP trading
  • IC Markets is regulated by the ASIC, ITRADER is regulated by the CySEC

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