easyMarkets vs IC Markets Comparison

easyMarkets vs IC Markets Broker Comparison

easyMarkets versus IC Markets Comparison
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps200+ASIC, CySEC
$200MT4, MT5, cTrader230+ASIC, CySEC, FSA

easyMarkets and IC Markets Comparison

easyMarkets offers fixed spreads which can be lower with different account types. IC Markets is an ECN broker which can offer STP/ECN accounts with no commission charge or ECN accounts with a commission charge and very low variable spreads.

IC Markets provides different account types depending on the kind of ECN service available, easyMarkets offers varying account types with different levels of service available.

Both easyMarkets and IC Markets are regulated by the ASIC in Australia and the CySEC in Cyprus. IC Markets is additionally regulated by the FSA in the Seychelles.

Quick comparison

easyMarkets is a fixed spread broker - IC Markets is a variable spread ECN broker.

Minimum deposit and account types

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

  • easyMarkets offers a Standard account with a minimum deposit of $100 and a VIP account with a minimum deposit of $2,500.
  • All easyMarkets account types have customer support and a personal account manager. The VIP account additionally has telephone trading, access to the tightest spreads at easyMarkets, a personal analyst and real time SMS market updates. The minimum trade size is 0.01 lots.
  • 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.

Markets

  • easyMarkets offers 200+, covering Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, Metals and Options.
  • IC Markets offers 230+, covering Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, Precious Metals, ETFs and Bonds.

easyMarkets provides a particularly large number of Forex pairs, with 135+, compared with 60+ offered by IC Markets.

Cryptocurrency CFDs

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

Spreads and leverage

  • Spreads at easyMarkets are fixed and are from 1 for EUR/USD, 2 for UK100, 0.35 for Gold and 0.04 for US Oil.
  • Spreads at IC Markets are variable and are from 0.0 for EUR/USD, 1 for UK100, 0.0 for Gold, and 0.04 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.

Maximum leverage for easyMarkets (CySEC regulated) is . Maximum leverage for easyMarkets (ASIC regulated) is 400:1. Maximum leverage for IC Markets (CySEC regulated) is . Maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1.

Commissions

easyMarkets does not charge 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.

Online trading platforms

easyMarkets provides its own platform along with MT4, available for desktop, tablet and mobile.

IC Markets provides a web trader and MT4, MT5 and cTrader (including cAlgo), available for desktop, tablet and mobile.

Why easyMarkets or IC Markets ?

Traders who want to trade on MT4 can so so at either broker. Traders who wish to trade on MT5 and cTrader can find these platforms at either broker. Traders who want to trade with an ECN broker offering variable spreads, may do so at IC Markets. Traders who want to trade with fixed spreads (and no slippage) can do this at easyMarkets.

Comparison summary

  • easyMarkets offers a relatively large number of Forex pairs
  • IC Markets offers Forex trading under ECN conditions
  • easyMarkets provides fixed spreads which can go lower with different account types
  • IC Markets provides its lowest spreads on its ECN accounts, with a commission charge added
  • easyMarkets offers a user friendly web trading platform and MT4
  • IC Markets offers cTrader, MT5 and MT4
  • Both brokers allows scalping, EAs and hedging on MetaTrader

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