| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| IC Markets | $200 Minimum Deposit | MT4, MT5, cTrader Trading Platforms | 2500+ Markets To Trade | IC Markets offers automated trading on MT4, MT5 and cTrader, allowing a wide range of trading styles and offering spreads from 0, plus commission About |
| Vantage | $50 Minimum Deposit | MT4, MT5, ProTrader Trading Platforms | 400+ Markets To Trade | Vantage offers trading on MT5 and MT5, with spreads from 0 plus commission and offers ProTrader (powered by TradingView) About |
IC Markets vs Vantage (formerly Vantage FX) Comparison
These are both brokers which offering trading with spreads from 0 plus commission. 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, while Vantage additionally provides ProTrader.
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, the CySEC in Cyprus and the FSA in the Seychelles. Vantage 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 brokers offering MT4 and MT5. IC Markets also provides cTrader, while Vantage additionally offers ProTrader.
Minimum deposit and account types
The minimum deposit for IC Markets is $200. The minimum deposit for Vantage is $50.
- 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.
- Vantage offers Standard STP, Raw ECN, Islamic and Pro ECN accounts. The STP account has a minimum deposit of $50, the Raw ECN account has a minimum deposit of $50 and the Pro ECN account has a minimum deposit of $10,000. The minimum trade size is 0.01 lots.
- Vantage's Standard STP account does not charge commissions, while the Raw and Pro ECN accounts do charge commissions. All accounts allow scalping. Vantage supports social and copy trading via ZuluTrade, Myfxbook Autotrade, DupliTrade and Vantage Social Trading (on the Vantage mobile app). The Pro ECN account offers lower commission charges and access to Interbank price feeds.
Markets
- IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities, Metals, ETFs and Bonds, with 2500+ available.
- Vantage offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities and Metals, with 400+ available.
IC Markets provides 60+ Forex pairs, Vantage provides 45+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| Vantage Broker | MT4, MT5, ProTrader Trading Platforms | Vantage offers trading on ProTrader and on MT4 and MT5, allowing EA robots and offering spreads from 0, plus commission Description |
| IC Markets Broker | MT4, MT5, cTrader Trading Platforms | IC markets offers automated trading on MT4, MT5 and cTrader and offers a wide range of markets including 2000+ Stocks CFDs Description |
Cryptocurrency CFDs
- IC Markets provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dogecoin, Tezos, Uniswap, Cardano, Binance Coin, Polkadot, Stellar, Chainlink, EOS, Dash, Emercoin, Namecoin and Peercoin CFDs.
- Vantage offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dogecoin, Tezos, Uniswap, Cardano, Binance Coin, Polkadot, Stellar, Chainlink, EOS, Algorand, Solana, Polygon, Avalanche, Cosmos, Zcash, The Sandbox, SHIB, BAT, TRON, IOTA, NEO, Axie Infinity, Curve, Ethereum Classic, Filecoin, 1inch, Loopring, Maker, NEAR Protocol, Harmony and Sushi CFDs.
Spreads and leverage
- Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 0.6 for IC Markets and 1.0 for Vantage.
Maximum leverage for IC Markets (ASIC or CySEC regulated) is . Maximum leverage for IC Markets (FSA regulated) is 500:1. Maximum leverage for Vantage (CIMA regulated) is 500:1.
Commissions
- 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.
- Vantage 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 $1.50 per lot per side.
Online trading platforms
Both brokers offer MT4 and MT5. IC Markets additionally provides cTrader. Vantage additionally offers ProTrader.
Why IC Markets or Vantage ?
Traders who want to trade on MT4 or MT5 may do so at either broker. Traders who want to trade on cTrader, can do this at IC Markets. Traders who want to use EAs or copy trade may do so at either broker. Traders who want to trade a wider range of markets, may do so at IC Markets. Those who want to trade on a user friendly platform powered by TradingView, can do so on ProTrader at Vantage.
Comparison summary
- Each offers CFD trading
- IC Markets can offer a wide range of markets
- Each has MT4 and MT5
- IC Markets also offers cTrader
- Vantage additionally provides ProTrader (powered by TradingView)
