IC Markets vs Vantage FX - ECN Broker Comparison

Vantage FX vs IC Markets | Broker Comparison

IC Markets vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC
$200MT4, MT5180+ASIC, CIMA

IC Markets vs Vantage FX Comparison

These are both ECN brokers which offer both STP and ECN accounts, as well as accounts for higher volume trading. They support automated trading and provide a range of platforms which can accommodate both traders who make their own trading decisions and traders who trade with automated trading strategies. Each provides MT4 and MT5. IC Markets additionally offers cTrader.

Both have a relatively large number of markets for an ECN broker, as each offer Shares CFDs. Each has no dealing desk intervention and use Equinix infrastructure for high speed order processing. Both allows EAs and scalping.

IC Markets is regulated by the ASIC in Australia. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

ECN trading conditions

Each offers price aggregation technology on their trading platforms from a range of liquidity providers and offer no dealing desk intervention, supporting a range of trading styles.

Quick comparison

Both are ECN brokers offering MT4 and MT5. Vantage FX also provides cTrader. Vantage FX has a slightly higher minimum deposit for ECN trading.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for Vantage FX is $200.

  • 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'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.
  • Vantage FX offers STP, ECN, Islamic and Pro ECN accounts. The STP accounts have a minimum deposit of $200, the ECN accounts have a minimum deposit of $500 and the Pro ECN account has a minimum deposit of $20,000. The minimum trade size is 0.01 lots.
  • Vantage FX's STP accounts do not charge commissions, while the ECN accounts do charge commissions. All accounts allow scalping.
  • Vantage FX's Pro ECN account offers lower commission charges and access to Interbank price feeds.

Markets

  • IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities, Precious Metals, ETFs and Bonds, with 230+ available.
  • Vantage FX offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities and Metals, with 180+ available.

IC Markets provides 60+ Forex pairs, Vantage FX provides 45+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

  • Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 1 for IC Markets and 1.4 for Vantage FX.

Maximum leverage for IC Markets (ASIC regulated) is 500:1. Maximum leverage for Vantage FX (ASIC or CIMA regulated) is 500:1.

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. Commissions are charged only for Forex and Metals.
  • Vantage FX has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.75 per lot per side.

Platforms

Both brokers offer MT4 and MT5. IC Markets additionally provides cTrader.

Why IC Markets or Vantage FX ?

They both provide for traders who wish to trade with a broker offering high speed order execution, access to liquidity and a relatively wide range of market to trade, including Shares CFDs. While each has MT4 and MT5, IC Markets also provides cTrader. Both are ASIC regulated and based in Australia.

Comparison summary

  • Each offers ECN trading
  • Both have relatively a wide range of markets for an ECN broker
  • IC Markets can offer somewhat more markets
  • Each has MT4 and MT5
  • IC Markets also offers cTrader
  • Both are ASIC regulated

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