IC Markets vs Titan FX Comparison

IC Markets vs Titan FX ECN Forex Broker Comparison

IC Markets versus Titan FX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC
$200MT470+VFSC

IC Markets and Titan FX Comparison

These are MT4 ECN brokers, with a focus on providing high speed order execution and support for a wide range of trading styles, including scalping and news trading. They each provide ECN Forex trading and STP accounts. While both brokers offer MT4, IC Markets also provides MT5 and cTrader. IC Markets has a wider range of markets and offers more, but Titan FX has a competitive number for an ECN broker.

IC Markets is regulated by the ASIC in Australia. Titan FX is regulated by the VFSC in Vanuatu.

Quick comparison

They have the same minimum deposit and both support EAs, hedging and scalping and use Equinix infrastructure for high speed order execution.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for Titan FX is also $200.

  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets provides Forex news, video tutorials and and economic calendar on its website. IC Markets uses Equinix NY4 and London LD5 Data Centres.
  • The 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.
  • Titan FX offers the Zero Standard STP account, the Blade ECN Zero account, an Islamic account and the Active Trader Program. Hedging, scalping and EAs are allowed for all account types, as is micro lot trading. Titan FX offers markets analysis, economic news, self improvement articles for a 'Forex Lifestyle' and an economic calendar. Titan FX uses Equinix's NY4 Data Centre.
  • Titan FX's Standard and Islamic accounts do not charge commissions, the Blade ECN account does charge commissions.
  • Titan FX's Active Trader Program provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).

Account currencies

Account currencies for IC Markets are: GBP, USD, AUD, EUR, CAD, SGD, NZD, HPY, HKD and CHF. Account currencies for Titan FX are: USD, AUD, EUR, SGD and JPY.

Markets

  • On MT5, IC Markets offers 230+, covering Forex pairs, Indices, Energy, Precious Metals, Soft Commodities, Cryptocurrencies, Bonds, Stocks and ETFs.
  • On MT4, IC Markets offers 105+ markets covering Forex pairs, Indices, Energies, Precious Metals, Soft Commodities and Cryptocurrencies.
  • On MT4, Titan FX offers 70+, covering Forex pairs, Indices, Energy and Precious Metals.

Spreads and leverage

  • Spreads at IC Markets are variable and are from -0.3 on cTrader and 0.0 on MT4 with an average of 0.1 for EUR/USD, from 1 for UK100, 0.3 for Gold, and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads are from 1, with an average of 1.1.
  • Spreads at Titan FX are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1.6 for UK100, 0.2 for Gold and 0.06 for US Crude Oil.

Maximum leverage for both brokers is 500:1.

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.
  • Titan FX charges a commission of $0.035 per 0.01 lots (i.e. $3.50 per lot) per side (thus $0.07 per micro lot round trip) on the Blade ECN account. Titan FX says that it approximates the USD charges and has a monthly review of these approximations for other account currencies.

Platforms

Both brokers provide MT4. IC Markets also provides MT5 and cTrader. These platforms are available on desktop, tablet and mobile.

Why IC Markets or Titan FX ?

These are both ECN MT4 brokers. IC Markets also provides MT5 and cTrader and has more markets to trade overall.

Comparison summary

  • These brokers offer ECN trading and STP accounts
  • Both brokers provide tight variable ECN spreads with a commission charge and higher STP spreads without a commission charge
  • Titan FX offers MT4, as does IC Markets
  • IC Markets also provides MT5 and cTrader
  • Both brokers use Equinix infrastructure

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