Demo Account Guide Demo Account Guide

Compare Swissquote Vs IC Markets: Which is the Better Forex Broker in 2023?


Swissquote 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 Swissquote Vs IC Markets, here is the direct comparison:

Compare Swissquote IC Markets
General Rating 3.46/5
Trustpilot 3.7/5

150 users

24082 users
๐Ÿ’ผ Regulation
โ—Information Testimonials (7), News (23) Testimonials (549), News (56), Articles (21), Webinars (217)
โŒ› Established 1996 2007
๐Ÿ’ฒ Min Deposit $1000 $200
โš– Max Leverage 1:100 1:500
๐Ÿ”ข Spread Fixed Variable
๐Ÿ’ธ Commissions $3.50
๐Ÿ’ก Min Position 0.1 lot 0.01 lot
๐Ÿ’ณ Payment Credit/debit cards and Wire transfer Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer
๐Ÿข Office(s) CyprusUnited Arab EmiratesUnited KingdomSwitzerlandHong Kong AustraliaCyprusBahamasChinaEuropean areaHong KongIndiaIndonesiaRussian FederationSpainThailandTurkeyUnited Arab EmiratesUnited Kingdom
๐Ÿงฉ Demo Account
๐Ÿ“ Segregated Account
๐Ÿ•‹ Islamic Account
๐Ÿ‘จโ€๐Ÿ’ป PAMM Account
๐Ÿ“ˆ Managed Account
๐Ÿ’ฑ Hedging
๐Ÿ‡บ๐Ÿ‡ธ US traders
๐Ÿ•› Swaps
๐Ÿ† Trading contests
โšก Automated trading
๐Ÿ’ฐ Bonus offers
๐Ÿ“– Free education
1๏ธโƒฃ One-click trading
โฑ Trailing stop
โณ Pending orders
Spread BettingSpread Betting
Gold & SilverGold & Silver
Binary OptionsBinary Options
Physical StockPhysical Stock
๐Ÿ—ฃ Website Languages Arabic, Chinese, English, French, German, Russian, Spanish Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish
๐Ÿšช Trade Now Open Swissquote Open IC Markets

Compare Again

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, Swissquote provides their pricing with Fixed spread while IC Markets offers Variable spread.

Swissquote 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, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 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 with the support of One-click trading, Trailing stop, Pending orders.

Is Swissquote 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, Swissquote supports trading with Forex, Gold & silver, CFD, Options, Crypto, Stocks, Indexes, while IC Markets presents the ability of trading with Forex, CFD, Bonds, 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.

Looking for more references? Here are other comparisons related to Swissquote and IC Markets:

For more comparisons, visit this page.