IC Markets vs ITRADER Comparison

IC Markets vs ITRADER Broker Comparison

IC Markets versus ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC

IC Markets and ITRADER Comparison

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. IC Markets also provides cTrader as well as MT5, the successor to MT4 and is an ECN broker.

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 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.
  • 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.


  • IC Markets offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, 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

IC Markets provides Forex spreads from 0 plus a commission charge and from 1 without a commission charge. ITRADER offers Forex spreads from 0.7 without a commission charge.

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


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.

Online trading platforms

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

Why IC Markets or ITRADER ?

Traders who want to trade on MT4 may do so at either broker. Those who want to trade on MT5, the successor to MT4, can find this platform at IC Markets along with cTrader. Traders who want to trade with an ECN broker may do so at IC Markets. ITRADER provides a range of account types with extra features for higher minimum deposits.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • IC Markets additionally provides MT5 and cTrader
  • IC Markets is an ECN broker
  • ITRADER has a range of account types with additional features for higher minimum deposits

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