IC Markets vs Switch Markets - Broker Comparison September 2026
Head-to-head comparison of IC Markets and Switch 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 September 2026.
Bottom Line: IC Markets vs Switch Markets
IC Markets comes out ahead overall, leading in 6 of 9 compared categories.
Where IC Markets leads
- Trustpilot Rating (4.8 vs 4.6)
- Regulation (6 vs 2)
- Trading Platforms (4 vs 2)
- Trustpilot Reviews (56,604 vs 938)
- Instruments (9 vs 7)
- API Access
Where Switch Markets leads
- Min Deposit ($50 vs $200)
- Currency Pairs (65 vs 61)
- Payment Methods (12 vs 9)
Choose IC Markets for Low Spreads, ECN Trading, Scalping. Choose Switch Markets for Beginners, Low Deposit, High Leverage.
Frequently Asked Questions
Is IC Markets or Switch Markets better?
IC Markets leads in 6 of 9 compared categories. The right choice still depends on the factors that matter most to you.
Which has a better Trustpilot Rating, IC Markets or Switch Markets?
IC Markets (4.8 vs 4.6).
Which has a better Min Deposit, IC Markets or Switch Markets?
Switch Markets ($50 vs $200).
|
IC Markets
True ECN Forex & CFD Broker — Raw Spreads from 0.0 Pips
|
Switch Markets
Australian-Backed Multi-Asset CFD Broker With 1:1000 Leverage
|
|
|---|---|---|
| Overview | ||
| Trustpilot Rating | 4.8 | 4.6 |
| Trustpilot Reviews | 56,604 | 938 |
| Headquarters | Australia | Australia |
| Founded | 2007 | 2019 |
| Best For | 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 | Beginners Low Deposit High Leverage Low Spreads Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Bahamas) CMA (Kenya) FSCA (South Africa) | VFSC (Vanuatu) FSA (St. Vincent and the Grenadines) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under CySEC ICF for EU clients | None (offshore entity). Client funds held in segregated accounts at tier-one banks. |
| Trading Costs | ||
| Min Spread | From 0.0 pips (Raw Spread), From 0.8 pips (Standard) | From 0.0 pips (Pro), From 1.4 pips (Standard) |
| Commission | $3.50/lot/side (Raw Spread MT), $3/100K (cTrader Raw), None (Standard) | $3.50/lot/side ($7 round turn) on Pro, None on Standard |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | None |
| Deposit/Withdrawal Fees | No deposit or withdrawal fees. Bank wire may incur intermediary charges | No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day. |
| Trading Conditions | ||
| Max Leverage | 1:1000 (Global), 1:500 (Bahamas), 1:30 (EU/AU retail) | 1:1000 (Global) |
| Min Deposit | $200 | $50 |
| Execution Type | ECN | STP |
| Stop Out Level | 50% | 20% |
| Margin Call Level | 100% | 50% |
| Instruments | 61 Forex 2100+ Stocks 25 Indices 19 Commodities 6 Metals 3 Energies 21 Crypto 9 Bonds 5 Futures | 65 Forex 1319+ Stocks 26 Indices 15 Commodities 2 Metals 2 Energies 41 Crypto |
| Currency Pairs | 61 | 65 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView | MetaTrader 4 MetaTrader 5 |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ❌ No |
| Education | Webinars Video Tutorials Trading Guides Market Analysis IC Your Trade Podcast | Trading Academy Video Tutorials Trading Glossary Market News Economic Calendar Webinars |
| Account & Support | ||
| Account Types | Standard Raw Spread cTrader Raw Islamic Demo | Standard Pro (Raw) Islamic PAMM Demo Micro |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay FasaPay Crypto (BTC) | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) Globepay Paytrust Nganluong |
| Withdrawal Speed | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) | Same Day (most methods, processed within 1 business day) |
| Support Hours | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone (multilingual) |
IC Markets
Switch Markets