Compare IC Markets Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
IC Markets Vs Interactive Brokers, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between IC Markets Vs Interactive Brokers, here is the direct comparison:
Feature | IC Markets | Interactive Brokers |
General Rating |
4.02/5 |
2.42/5 |
|
Score | 89 | 66 | |
Trustpilot |
4.8/5 32767 users |
3.5/5 2640 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2007 | 1977 | |
💲 Min Deposit | $200 | $10000 | |
⚖ Max Leverage | 1:1000 | 1:100 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $3.50 | ||
💡 Min Position | 0.01 lot | 0.25 lot |
💳 Payment | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer | Wire transfer, Check and BPAY | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish | German, Spanish, French, Italian, Japanese, Russian, Chinese |
🚪 Trade Now | Open IC Markets | Open Interactive Brokers |
Testimonials
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IC Markets: I am happy to cooperate with this broker
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IC Markets: Failed to log in...again
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IC Markets: Tough withdrawal
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IC Markets: Mediocre but okay
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IC Markets: good for backtest strategy
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IC Markets: I am happy to cooperate with this broker
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IC Markets: Failed to log in...again
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IC Markets: Tough withdrawal
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IC Markets: Mediocre but okay
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IC Markets: good for backtest strategy
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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IC Markets: I am happy to cooperate with this broker
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See More IC Markets Testimonials
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See More Interactive Brokers Testimonials
News
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IC Markets Dives into Prop Trading with ICFunded Launch
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IC Markets and Bloomberg Team Up Again for ICYT Season 4
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Level Up Your Trading in IC Markets Global with TradingView
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IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
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Earn Cash While You Sleep with IC Markets Refer a Friend
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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Don't Miss It: Join IC Markets Webinar about Multi Time Frame Analysis
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
Articles
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Earn Up to $150 from IC Markets Global Exclusive Redeemable Bonus
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Elevate Your Trade with IC Markets MT4 Advanced Tools
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Master IC Markets cTrader Platform with This Guide
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Social Trading Platforms in IC Markets You Should Know
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IC Markets Correlation Trader: the Must-Have Tool for Savvy Traders
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Comparing Tickmill Vs IC Markets Mobile App
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XM Vs IC Markets Trading App, Which One is Better?
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IC Markets Partner: A Way to Get Passive Income without Trading
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IC Markets Slippage Policy vs Traders' Testimonies
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Standard Account Comparison: IC Markets or OANDA?
Bonus
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, IC Markets provides their pricing with Variable spread while Interactive Brokers offers Fixed spread.
IC Markets vs Interactive Brokers: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, IC Markets enables trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is IC Markets or Interactive Brokers better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, IC Markets supports trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock, while Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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