IC Markets vs Trading 212 - Online Brokerage Comparison

IC Markets vs Trading 212 | Compare Trading Brokers

IC Markets vs Trading 212 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$200MT4, MT5, cTrader230+ASIC
$100Web Trader & Apps1800+FCA, FSC

IC Markets vs Trading 212 Comparison

IC Markets is an ECN broker using technology to provide rapid order processing without dealing desk intervention, for traders who use strategies such as automated trading using online trading robots. IC Markets locates its trading servers in Equinix data centers, using proximity to the servers of liquidity providers and optical fiber cables and other technology to route orders efficiently which can take latency or delay in processing to a matter of milliseconds. IC Markets offers MetaTrader 4 (MT4), MT4's successor MetaTrader 5 (MT5) and cTrader, which are all platforms supporting both non-automated trading and automated trading with robots. IC Markets also provides ZuluTrade and Myfxbook, which provide copy trading.

Trading 212 offers a web trading platform (and apps), providing considerably more markets to trade than IC Markets. However, this said, IC Markets has a relatively large number of markets offered for an ECN broker. Both brokers provide Stocks CFDs to trade (and do not charge commissions for trading these markets). On its ECN account, IC Markets charges commissions for Forex and Precious Metals, offering what can be quite low spreads for the more liquid pairs, to which it adds the commission charge. However Trading 212 additionally offers real Stock and ETFs (not CFDs) to but to own and to sell on its Invest account and does not charge commissions for these markets either.

IC Markets is regulated by the ASIC in Australia.

Trading 212 is regulated by the FCA in the United Kingdom and the FSC in Bulgaria.

Quick comparison

IC Markets is an ECN broker offers MT4, MT5 and cTrader, providing CFD trading. Trading 212 offers both CFD trading and on its Invest account real Stocks and ETFs to own, all available on its web trader and apps.

Minimum deposit and key account features

The minimum deposit for IC Markets is $200. The minimum deposit for Trading 212 to trade CFDs is $/€/£100 (the minimum deposit for the Invest account is $/€/£29).

  • 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 provides ZuluTrade and Myfxbook for social and copy trading.
  • 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.
  • Trading 212 has a CFD and an Invest account. Trading 212 provides Videos, News, Analysis and an Economic Calendar on its trading platform and its website.

Markets

  • IC Markets offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Soft Commodities, ETFs, Precious Metals and Bonds, with 230+ available on MT5. On MT4, IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities and Precious Metals, with 100+ available.
  • Trading 212 offers CFD trading in Forex, Indices, Energy, Stocks, Cryptocurrencies, Soft Commodities and ETFs and Metals, with 1800+ available. Trading 212 on the Invest account offers real Stocks and ETFs, with 1800+ available.

IC Markets has 60+ Forex Pairs. Trading 212 has 150+ Forex Pairs.

Cryptocurrency CFDs

  • IC Markets provides Bitcoin, Ethereum, Litecoin, Ripple, DASH, EOS, Bitcoin Cash, Emercoin, Namecoin and Peercoin.
  • Trading 212 offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, EOS, NEO and Monero.

Leverage

Maximum leverage for IC Markets (ASIC regulated) is 500:1. Maximum leverage for Trading 212 (FCA or FSC regulated) is .

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.
  • Trading 212 does not charge commissions.

Online trading platforms

IC Markets offers MT4, MT5, cTrader and apps. Trading 212 provides a web trader and apps.

Why IC Markets or Trading 212 ?

Automated traders who want to use and build Expert Advisors (EAs) can do so at IC Markets as it provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Traders can also use and build cBots on cTrader. These platforms can also be used by traders who execute their own trades. Trading 212 provides a user friendly trading platform which offers considerably more markets to trade. The platform allows the trader to both switch between a demo and live account and to switch between a CFD account and an Invest account. While both brokers offer CFD trading, Trading 212's Invest account provides real Stock and ETFs to own (they are not CFDs).

Comparison summary

  • Both brokers offer CFD trading
  • Trading 212 additionally provides real Stocks to own (and sell)
  • Both brokers offer Stocks CFDs
  • Neither charges commissions for Stocks
  • IC Markets offers ECN trading
  • Trading 212 has a web trader and apps
  • IC Markets offers MT4, MT5 and cTrader

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