IC Markets vs. Z.com Trade Broker Comparison

IC Markets vs. Z.com Trade Broker Comparison

IC Markets versus Z.com Trade
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC
$50MT475+FCA

IC Markets and Z.com Trade Comparison

Both of these brokers provide ECN trading on MT4. That is, they offer very low variable Forex spreads, with a commission charge. Additionally, they provide variable Forex spreads without a commission charge. IC Markets also offers MT5 and cTrader.

For a higher minimum deposit (or trading volume requirement), Z.com Trade can offer lower commission charges (though IC Markets has a competitive commission charge). IC Markets has more markets available and a wider range. Both use Equinix Data Centres. IC Markets is regulated by the ASIC in Australia and Z.com Trade is regulated by the FCA in the United Kingdom.

Quick comparison

Both offer MT4 ECN trading - IC Markets additionally provides MT5 and cTrader. Both offer STP trading without a commission charge.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for Z.com Trade is $/€/£50.

  • 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 to deliver low latency trading conditions and has micro lot trading.
  • 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.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix LD4 Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • IC Markets offers 230+, covering Forex, Indices, Energy, Precious Metals, Soft Commodities, Cryptocurrencies, Stock, ETFs and Bonds.
  • Z.com Trade offers 75+, covering Forex, Indices, Energy and Precious Metals.

IC Markets provides 60+ Forex pairs, Z.com Trade provides 55+ Forex pairs.

Cryptocurrency CFDs

  • IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Emercoin, Namecoin, Peercoin and EOS.
  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spreads at IC Markets are variable and are from -0.3 for EUR/USD on cTrader (0.0 on MT4), 0.3 for Gold (average 1.3), 1 for UK100 and 0.01 for US Crude Oil. For the STP/ECN Standard account EUR/USD spreads are variable from 1.
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

Maximum leverage for IC Markets is 500:1. The maximum leverage for Z.com Trade is .

Commissions

  • IC Markets charges a commission of $3.50 per lot per side for the True ECN account and the cTtrader account charges a commission of $3 per 100,000 USD traded per side. Commissions are charged only for Forex and Metals.
  • Z.com Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Platforms

IC Markets provides a web trader, MT4, MT5 and cTrader (including cAlgo) and supports trading automation.

Z.com Trade provides the MT4 trading platform, which includes support for trading automation. MT4 is available for desktop, mobile and tablet.

The minimum trade size for IC Markets is 0.01 lots, the minimum trade size for Z.com Trade is 0.01 lots.

Comparison summary

  • Both brokers offer ECN trading, with low variable Forex spreads and a commission charge
  • For a higher minimum deposit, Z.com Trade can provide a lower commission charge
  • IC Markets has more markets and a wider range
  • Both offer STP trading without a commission charge
  • Both brokers use Equinix Data Centres
  • Each provides MT4, IC Markets also offers cTrader and MT5
  • Z.com Trade has a lower minimum deposit

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