FXPRIMUS vs IC Markets - ECN Broker Comparison

FXPRIMUS vs IC Markets | Compare Trading Brokers

FXPRIMUS vs IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4120+CySEC, FSCA, VFSC
$200MT4, MT5, cTrader230+ASIC

FXPRIMUS vs IC Markets Comparison

Both of these brokers offer MetaTrader 4 (MT4) and ECN trading. IC Markets additionally provides 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 range of account types with extra features for higher minimum deposits.

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.

Quick comparison

Both brokers offer MT4. IC Markets additionally provides MT5 and cTrader. Each offers ECN trading.

Minimum deposit and account types

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

  • FXPRIMUS offers a Variable account and an ECN Premium Account. The minimum deposit for the Variable account is $100. The minimum deposit for the ECN Premium Account is $500. Additionally FXPRIMUS provides a Standard Account, a Premium Account and a VIP Account. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500. The minimum deposit for the VIP Account is $10,000. FXPRIMUS offers traders education, an economic calendar and trading tools for all its clients. The Standard, Premium and VIP accounts offer extra features. 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. 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 allows social and copy trading on MT4, MT5 and cTrader.
  • 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.

Markets

  • FXPRIMUS offers Forex, Indices, Energy, Precious Metals and Stocks, with 120+ available.
  • IC Markets offers Forex, Indices, Energy, Precious Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs and Bonds, with 230+ available on MT5. On MT4, IC Markets offers Forex, Indices, Energy, Precious Metals, Cryptocurrencies and Soft Commodities, with 100+ available.

Cryptocurrency CFDs

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

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge as well as higher Forex spreads without a commission charge.

Maximum leverage for FXPRIMUS (CySEC regulated) is . Maximum leverage for IC Markets (ASIC regulated) is 500:1.

Commissions

  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.
  • 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

FXPRIMUS offers MT4. IC Markets provides MT4, MT5 and cTrader.

Why FXPRIMUS or IC Markets ?

Traders looking to trade using online trading robots (EAs) on MT4 can do so at FXPRIMUS. Traders who want to trade EAs on the successor to MT4, MT5 can find this platform at IC Markets. Additionally, traders can trade with cBots on cTrader also at IC Markets. Both brokers let the trader trade without using trading automation (for example using charts and technical indicators to analyse markets), as all these platform can be used this way. However some traders may want to trade via no dealing desk intervention with low latency order execution available at both brokers. IC Markets has a larger number of markets to trade (on MT5), in fact it has a relatively large number and range of markets for an ECN broker.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • IC Markets additionally provides MT5 and cTrader
  • Both offer ECN trading accounts
  • IC Markets has a lower minimum deposit for ECN trading ($200 vs $500)
  • FXPRIMUS has a range of account types with different features for higher minimum deposits
  • IC Markets offers more markets to trade on MT5 and a wider range

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