| Online Broker | Minimum Deposit | Trading Platforms | Markets | Regulated |
|---|---|---|---|---|
| FXPRIMUS | $15 Minimum Deposit | MT4, MT5, cTrader Trading Platform | 1000+ Markets To Trade | FXPRIMUS offers trading on MT4, MT5 and cTrader, with automated trading on all these platforms and has a Cent account About |
| IC Markets | $200 Minimum Deposit | MT4, MT5, cTrader Trading Platforms | 2500+ Markets To Trade | IC Markets provides automated trading on MT4, MT5 and cTrader, with high speed order execution and allowing styles such as scalping and high frequency trading About |
FXPRIMUS vs IC Markets Comparison
Both of these brokers offer MetaTrader 4 (MT4), MT5 and cTrader. All these platform support the use of both automated trading with robots and trading where the trader executes their own trades.
Both brokers utilise data centers to provide physical proximity to liquidity (for low latency order transmission which can be important for some trading strategies, particularly automated trading with robots). FXPRIMUS offers a Cent account with low minimum trade sizes.
FXPRIMUS is regulated by the CySEC in Cyprus, the FSCA in South Africa and the VFSC in Vanuatu.
IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles.
Quick comparison
Both brokers offer MT4, MT5 and cTrader. FXPRIMUS provides a Cent account with low minimum trade sizes.
Minimum deposit and account types
The minimum deposit for FXPRIMUS is $15. The minimum deposit for IC Markets is $200.
- FXPRIMUS offers its PrimusCENT, PrimusCLASSIC, PrimusPRO and PrimusZERO accounts. The PRIMUSCent and PRIMUSClassic accounts have a minimum deposit of $15. The PrimusPRO account has a minimum deposit of $500 and the PRIMUSZero account has a minimum deposit of $1000. The PrimusPRO and PrimusZERO accounts have commission charges, and the PrimusZERO account offers spreads 0, plus commission. FXPRIMUS provides traders education, an economic calendar and trading tools for all its clients. The minimum trade size is 0.0001 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
- FXPRIMUS offers Forex, Indices, Energy, Metals, Stocks and Cryptocurrencies, with 1000+ available.
- IC Markets offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs and Bonds, with 2500+ available on MT5.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXPRIMUS Broker | MT4 Trading Platforms | FXPRIMUS offers trading on MT4 and MT5, allowing automated trading with EAs and on cTrader, allowing automated trading with cBots and has a Cent account Description |
| IC Markets Broker | MT4, MT5, cTrader Trading Platforms | IC Markets allows styles such as automated trading, high frequency trading and scalping, with high speed order processing Description |
Cryptocurrency CFDs
- IC Markets provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, EOS, Dogecoin, Tezos, Uniswap, Cardano, Binance Coin, Polkadot, Stellar, Chainlink, Emercoin, Namecoin and Peercoin.
- FXPRIMUS offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, SATOSHI and IOTA.
Spreads and leverage
- Both brokers can offer Forex spreads from 0 plus a commission charge as well as higher Forex spreads without a commission charge.
Maximum leverage for FXPRIMUS (VFSC regulated) is 1000:1. Maximum leverage for IC Markets (FSA regulated) is 500:1.
Commissions
- FXPRIMUS charges a commission of $5 per lot round trip on its PrimusZERO Account and $8 (MT5) and $10 (MT4) round trip on its PrimuPRO account.
- IC Markets charges a commission of $3.50 per lot per side for the MT4 and MT5 Raw Spread accounts while the cTrader Raw Spread account charges a commission of $3 per 100,000 USD traded per side.
Online trading platforms
FXPRIMUS offers MT4, MT5 and cTrader. IC Markets provides MT4, MT5 and cTrader.
Why FXPRIMUS or IC Markets ?
Traders who want to trade on MT4, MT5 or cTrader can do so at either broker. Traders who want to trade with Forex spreads from 0 plus commission can also do so at either. Traders who want to trade with small trade sizes, can find a Cent account at FXPRIMUS.
Comparison summary
- Both provide CFD trading
- Each offers MT4, MT5 and cTrader
- FXPRIMUS offers a Cent account with small minimum trade sizes
- IC Markets offers social and copy trading
- FXPRIMUS has a $15 minimum deposit
