IC Markets vs Titan FX Comparison

IC Markets vs Titan FX ECN Forex Broker Comparison

IC Markets versus Titan FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC, FSA, CySEC
$200MT4, MT570+VFSC

IC Markets and Titan FX Comparison

Both of these brokers are ECN brokers offering support for a wide range of trading styles, including robot trading, scalping and social and copy trading. Both provide MT4 and its successor MT5, while IC Markets additionally provides cTrader. IC Markets has a wider range and larger number of markets to trade.

IC Markets is regulated by the ASIC in Australia, the FSA in the Seychelles and the CySEC in Cyprus. 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. IC Markets has more trading platforms and markets to trade.

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 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.
  • 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 market analysis, Forex monthly commentary, economic news, Forex education and self improvement articles for a 'Forex Lifestyle'. Titan FX uses Equinix's NY4 Data Centre for fast order execution. Titan FX supports social and copy trading via ZuluTrade and signal trading via MetaTrader.
  • 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).

Markets

  • IC Markets offers Forex pairs, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Bonds, Stocks and ETFs, with 230+ available.
  • Titan FX offers Forex pairs, Indices, Energy and Metals, with 70+ available.

Spreads and leverage

Both brokers can provide Forex spreads from 0 with a commission charge and from 1 without a commission charge.

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.

Online trading platforms

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

Why IC Markets or Titan FX ?

Traders who want to trade on MetaTrader 4 (MT4) or its successor MetaTrader 5 (MT5) can do so at either broker. Traders who want to trade on cTrader can find this platform at IC Markets. Traders who want to trade with an ECN broker and apply a wide range of trading styles can do so at either broker. Traders who want to trade a wider range of markets can do so at IC Markets which has a relatively wide range of markets for an ECN broker.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4 and MT5
  • IC Markets additionally provides cTrader
  • Both brokers have support for social and copy trading
  • IC Markets has more markets to trade and a wider range

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