Compare IG Vs IC Markets: Which is the Better Forex Broker in 2024?
IG Vs IC Markets, 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 IG Vs IC Markets, here is the direct comparison:
Compare | IG | IC Markets |
General Rating |
2.40/5 |
4.02/5 |
Score | ||
Trustpilot |
4.1/5 6650 users |
4.8/5 32767 users |
πΌ Regulation | ||
β Info | ||
β Established | 1974 | 2007 |
π² Min Deposit | $0 | $200 |
β Max Leverage | 1:50 | 1:1000 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3 | $3.50 |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Wire transfer and Credit/debit cards | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | German, English, Spanish, French, Italian, Japanese, Portuguese, Swedish, Chinese | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish |
πͺ Trade Now | Open IG | Open IC Markets |
Compare Again
Testimonials
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IG: Dreadful customer support. The app is brilliant but suffers with...
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IG: IG apps sometimes unresponsive which result me cost more money....
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IG: I wanted to trade Forex on the MT4 platform, but...
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IG: I do not recommend using IG and moved to another...
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IG: Overall my experience with IG was positive. The only issue...
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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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See More IG Testimonials
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See More IC Markets Testimonials
News
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Level Up Your Trading in IC Markets Global with TradingView
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IG Forex Broker Secures Naming Rights for Nagoya's 17,000-Seat Arena
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IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
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IG Asia's CEO Tony Lim Bids Farewell After 9 Years
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Earn Cash While You Sleep with IC Markets Refer a Friend
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IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
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IG Group Forex Broker Welcomes Breon Corcoran as New CEO
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IG Forex Broker Faces Revenue Decline of 9 Percent in H1 FY24
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IG Group Hires Eren Eraslan Head of IG Unit in Northern Europe
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See More Related IG News
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See More Related IC Markets News
Article
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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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See More Related IC Markets Article
Webinars
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IC Markets: Analise Top Murilo
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IC Markets: Sunday Pre-Market Analysis
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IC Markets: Using Correlation to improve your trading
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IC Markets: Mastering cTrader
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IC Markets: TradingView, 2 en 1. Trading mejorado.
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IC Markets: Sesi Analisis Carta
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IC Markets: Como Declarar Forex no Imposto de Renda - Novas Regras
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IC Markets: Indicador TοΏ½cnico RSI
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IC Markets: ??????? ??????? ?? ?????? ??? ????? ????????
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IC Markets: Analise Top Murilo
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See More Related IC Markets Webinars
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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, IG provides their pricing with Variable spread while IC Markets offers Variable spread.
IG vs IC Markets: 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, IG enables trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, IC Markets provides trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade with the support of One-click trading, Trailing stop, Pending orders.
Is IG or IC Markets 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, IG supports trading with Forex, Gold & silver, CFD, Oil, Spread betting, Crypto, while IC Markets presents the ability of trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock.
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.
Looking for more references? Here are other comparisons related to IG and IC Markets:
- Compare IG vs FIBOGroup
- Compare IG vs InstaForex
- Compare IG vs Blueberry Markets
- Compare IC Markets vs Pepperstone
- Compare IC Markets vs MTrading
- Compare IC Markets vs FXGT
For more comparisons, visit this page.