FXOpen vs IC Markets - Forex Broker Comparison (April 2026)
Head-to-head comparison of FXOpen and IC Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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FXOpen
True ECN Forex & CFD Broker Since 2005
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IC Markets
True ECN Forex & CFD Broker — Raw Spreads from 0.0 Pips
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|---|---|---|
| Overview | ||
| Trustpilot Rating | 3.7 | 4.8 |
| Trustpilot Reviews | 448 | 52,926 |
| Headquarters | United Kingdom | Australia |
| Founded | 2005 | 2007 |
| Best For | Low Spreads Scalping Algo Trading Day Trading Copy Trading Low Deposit High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads ECN Trading Scalping Algo Trading High-Volume Copy Trading Day Trading High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | FCA (UK) CySEC (Cyprus) | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Bahamas) CMA (Kenya) FSCA (South Africa) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to £85,000 under FSCS (UK), Up to €20,000 under CySEC ICF | Up to €20,000 under CySEC ICF for EU clients |
| Trading Costs | ||
| Min Spread | From 0.0 pips (ECN), From 1.1 pips (STP) | From 0.0 pips (Raw Spread), From 0.8 pips (Standard) |
| Commission | From $1.50/lot/side (ECN Elite) to $3.50/lot/side (ECN Basic), None (STP) | $3.50/lot/side (Raw Spread MT), $3/100K (cTrader Raw), None (Standard) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | $10/month after 90 days of inactivity | None |
| Deposit/Withdrawal Fees | Bank wire $30-50 withdrawal. Card withdrawals free up to £1000. E-wallets 0.5-1%. Crypto network fees only | No deposit or withdrawal fees. Bank wire may incur intermediary charges |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global), 1:30 (EU/UK retail) | 1:1000 (Global), 1:500 (Bahamas), 1:30 (EU/AU retail) |
| Min Deposit | $1 (Micro), $10 (STP), $100 (ECN) | $200 |
| Execution Type | ECN | ECN |
| Stop Out Level | 50% | 50% |
| Margin Call Level | 100% | 100% |
| Instruments | 55+ Forex 600+ Stocks 12 Indices 15 Commodities 3 Metals 3 Energies 40+ Crypto 33 ETFs | 61 Forex 2100+ Stocks 25 Indices 19 Commodities 6 Metals 3 Energies 21 Crypto 9 Bonds 5 Futures |
| Currency Pairs | 55 | 61 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 TradingView | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes |
| Education | Market Analysis Articles Trading Guides Video Tutorials Glossary | Webinars Video Tutorials Trading Guides Market Analysis IC Your Trade Podcast |
| Account & Support | ||
| Account Types | Micro STP ECN PAMM ECN Islamic Demo | Standard Raw Spread cTrader Raw Islamic Demo |
| Payment Methods | Credit/Debit Cards (Visa Mastercard) Bank Wire FasaPay WebMoney Crypto (Bitcoin USDT Ethereum Litecoin) | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay FasaPay Crypto (BTC) |
| Withdrawal Speed | Same day (e-wallets/crypto), 2-5 days (cards), 3-5 days (bank wire) | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) |
| Support Hours | 24/5 | 24/7 Live Chat, Email, Phone |
FXOpen
IC Markets