IC Markets vs Markets.com Comparison

IC Markets vs Markets.com Broker Comparison

IC Markets versus Markets.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, Web Trader & Apps2000+ASIC, CySEC, FSCA
$200MT4, MT5, cTrader230+ASIC

IC Markets and Markets.com Comparison - both brokers provide MT4 and MT5, IC Markets offers ECN trading, Markets.com provides fixed spreads

IC Markets is an ECN broker which provides variable spreads. Markets.com is a broker which offers fixed spreads. IC Markets is regulated by the ASIC in Australia. Markets.com is operated by Safecap Investments Limited which is regulated by the CySEC in Cyprus and the FSCA in South Africa. Markets.com Australia is operated by Tradetech Markets (Australia) Pty Ltd which is regulated by the ASIC in Australia. Markets.com Africa is operated by TradeTech Markets (South Africa) which is regulated by the FSCA in South Africa.

Quick comparison

IC Markets - ECN CFD broker with MT4, MT5 and cTrader VS Markets.com - CFD broker with MT4, MT5, a web trader and apps and more markets.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for Markets.com is $100.

  • Markets.com provides three account types, Classic, Standard and Premium, depending on the deposit, and an Islamic account. The minimum initial deposit is $100 for the Classic and Islamic accounts, $2,500 for the Standard account and $20,000 for the Premium account.
  • All three Markets.com account types come with daily analysis, tutorials, customer support and webinars. The Standard account also comes with a dedicated account manager, SMS news and signals, and premium daily analysis. Markets.com's Premium account also comes with premium customer support.
  • 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.

Markets

  • Markets.com offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Bonds, Stocks, ETFs and Metals, with 2000+ available.
  • IC Markets offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Bonds, Stocks, ETFs and Precious Metals, with 230+ available.

Cryptocurrency CFDs

  • IC Markets provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Emercoin, Namecoin, Peercoin and EOS.
  • Markets.com provides Bitcoin Futures, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.

Spreads and leverage

  • Spreads at IC Markets are variable and are from -0.3 for EUR/USD (on cTrader), 1 for UK100, 0.3 for Gold, and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.
  • Markets.com's WebTrader spreads are fixed, from 2 for EUR/USD, 1.2 for UK100, 0.70 for Gold and 0.03 for US Crude Oil.
  • Markets.com's MT4 spreads are fixed, from 3 for EUR/USD, 2 for UK100, 0.70 for Gold and 0.05 for US Crude Oil.

Maximum leverage for IC Markets is 500:1. Maximum leverage for Markets.com operated by Safecap Investments Limited (CySEC regulated) 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.

Markets.com does not charge commissions.

Platforms

Markets.com provides a web trader, with 90 technical indicators, MT4 and MT5. IC Markets provides MT4, MT5 and cTrader. These platforms are available for desktop, tablet and mobile.

Comparison summary

  • IC Markets is an ECN broker
  • Markets.com offers fixed spreads
  • IC Markets provides variable spreads with or without a commission charge
  • Both offer MT4 and MT5
  • IC Markets also provides cTrader
  • Markets.com also provides a web trader

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