FXGiants vs IC Markets Comparison

FXGiants vs IC Markets Broker Comparison

FXGiants versus IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA
$200MT4, MT5, cTrader230+ASIC, CySEC, FSA

FXGiants and IC Markets Comparison

IC Markets is an Australian ECN broker which provides low Forex spreads with a commission charge and ECN trading conditions. FXGiants is a broker which can provide ECN trading and other kinds of accounts. Both brokers allow scalping and EAs.

FXGiants is regulated by the FCA in the United Kingdom and the ASIC in Australia. IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles.

Quick comparison

Both offer MT4. IC Markets is an ECN broker, which additionally provides MT5 and cTrader. FXGiants has a range of accounts including STP/ECN.

Minimum deposit and account types

The minimum deposit for FXGiants's ECN accounts is $500. The minimum deposit for IC Markets is $200.

  • FXGiants offers trading on six account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account and the Absolute Zero STP/ECN account. The minimum deposit is $100 for the Micro account, $500 for the 0 Fixed spread, STP/ECN No Commission and STP/ECN 0 Spread accounts, $2,500 for the Premium account and upon request for the Absolute Zero account. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The minimum trade size is 0.01 lots except for the Premium account where it is 0.1 lots.
  • FXGiants's 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offer variable ECN spreads from 0, with a commission charge. The Absolute Zero account has spreads from 0, without a commission charge. FXGiants provides economic news and an economic calendar on its website. It also provides a dedicated account manager and a 24/5 dealing hotline for its non-ECN accounts.
  • 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

  • FXGiants provides 200+ covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks, Futures.
  • IC Markets provides 230+ covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks, Futures, Bonds and ETFs.

Cryptocurrency CFDs

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

Spreads and leverage

  • FXGiants can provide EUR/USD spreads on the Micro account from 1.1 variable and 2.2 fixed and Premium EUR/USD spreads from 1.8 fixed and 0.7 variable without a commission charge. It can also offer EUR/USD spread fixed at 0, with a commission charge.
  • STP/ECN account spreads at FXGiants are variable and are from 1.7 for EUR/USD on the STP/ECN No Commission account and 0.0 on the STP/ECN 0 spread account, and from around 1 for UK100, 0.50 for Gold on the STP/ECN No Commission account and 0.15 on the STP/ECN 0 Spread account, and 0.04 for US Crude Oil.
  • Spreads at IC Markets are variable and are from 0.0 for EUR/USD with an average of 0.1, 1 for UK100, 0.0 for Gold and 0.04 for US Crude Oil. For the Standard account EUR/USD spreads are from 1 with an average of 1.1.

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

Commissions

  • FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account. Commissions are charged only for Forex and Metals.
  • 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. Commissions are charged only for Forex and Metals.

Online trading platforms

Both brokers offer MT4 and IC Markets also offers MT5 and cTrader. These platforms are available for desktop, tablet and mobile.

Why FXGiants or IC Markets ?

Traders who want to trade on MT4 may do so at either broker (though FXGiants has more markets to trade on this platform). Those who wish to trade on MT5, can find this platform at IC Markets in addition to cTrader. Overall IC Markets has more markets to trade, on MT5.

Comparison summary

  • IC Markets is an ECN broker
  • FXGiants has a range of account types, including STP/ECN
  • Both have a similar number of markets, though IC Markets has a wider range
  • Each has MT4, IC Markets also provides MT5 and cTrader

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