IC Markets vs Trade360 - Compare Trading Brokers

IC Markets vs Trade360 Broker Comparison

IC Markets versus Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC, CySEC, FSA
$500MT5, ParagonEx450+CySEC

IC Markets and Trade360 Comparison - Fixed spreads and crowd trading at Trade360, variable spreads and ECN trading at IC Markets

While IC Markets is an ECN broker offering variable spreads, without or without a commission charge, Trade360 is a broker offering fixed spreads. While both provide MT5, cTrader also offers cTrader and MT4, and Trade360 provides ParagonEx.

IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles. Trade360 is regulated by the CySEC in Cyprus.

Quick comparison

IC Markets - ECN broker with MT4, MT5 and cTrader VS Trade360 - crowd trading broker with ParagonEx and also offering MT5.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for Trade360 is $500.

  • 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.
  • Trade360 offers five account types and an Islamic account. The minimum deposit for the Mini Account is $500, the minimum deposit for the Standard360 account is $1000 (the minimum deposit for StandardMT5 is $500), the minimum deposit for the Gold account is $5000, the minimum deposit for the Platinum and Islamic360 accounts is $10,000 and the minimum deposit for the VIP account is $50,000.
  • All Trade360 account types offer the Live CrowdTrading Feed, trading signals, 24/5 live chat and Whatsapp Support. MT5 is available for all account types except the Mini account. The Gold, Platinum, Islamic and VIP accounts offer additionally personal push and SMS notifications and exclusive market updates. Trade360 offers Trading Central.

Markets

  • IC Markets offers Currency Pairs, Indices, Energy, Soft Commodities, Stocks, ETFs, Metals, Cryptocurrencies and Bonds, with 230+ available.
  • Trade360 offers Currency Pairs, Indices, Energy, Soft Commodities, Stocks, ETFs and Metals, with 450+ available.

Cryptocurrency CFDs

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

Spreads and leverage

IC Markets offer Forex spreads from 0 (variable) plus a commission charge. Trade360 provides Forex spreads from 1.6 (fixed) without a commission charge. IC Markets offers Forex spreads from 1 (variable) without a commission charge.

Maximum leverage for IC Markets (CySEC regulated) is . Maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1. Maximum leverage for Trade360 is .

Commissions

IC Markets charges a commission of $3.50 per lot per side for the True ECN account and the cTtrader account charges a commission of $3 per 100,000 USD traded per side.

Trade360 does not charge commissions.

Online trading platforms

Trade360 provides the ParagonEx platform with crowd trading and MT5. IC Markets provides MT4, MT5 and cTrader. Both brokers offer mobile apps.

Why IC Markets or Trade360 ?

Traders who want to trade on MT5 may do so at either broker. Traders who wish to trade on MT4 can find this platform at IC Markets along with cTrader. Those who want to trade on a user friendly web trader which has a crowd trading news feed, can find ParagonEx at Trade360. IC Markets is an ECN broker and focuses on automated trading but additionally supports social and copy trading.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • IC Markets additionally provides MT5 and cTrader
  • Trade360 additionally offers ParagonEx
  • IC Markets supports social and copy trading
  • Trade360 has a crowd trading news feed on ParagonEx

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