easyMarkets vs IC Markets Comparison

easyMarkets vs IC Markets Broker Comparison

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

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. easyMarkets is also regulated by the CySEC in Cyprus.

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 four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account.
  • 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. IC Markets provides Forex news, video tutorials and and economic calendar on its website.

Markets

  • easyMarkets offers 200+, covering Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Options.
  • IC Markets offers 230+, covering Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Precious Metals 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 -0.3 for EUR/USD on cTrader (0.0 on MT4), 1 for UK100, 0.3 for Gold, and 0.01 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 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.

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.

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 its own trading platform and MT4
  • IC Markets offers cTrader, MT5 and MT4
  • Both brokers allows scalping, EAs and hedging on MT4
  • Both brokers are regulated by the ASIC in Australia

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