Compare FXTM and IC Markets to find the best fit for your trading style. Explore platforms, fees, trading conditions, and features to decide which broker meets your needs.
FXTM vs IC Markets: Mobile Trading Platforms
Both FXTM and IC Markets offer mobile trading solutions to ensure that traders can manage their accounts and execute trades on the go. FXTM provides the FXTM Trader app, which is designed to offer a simple, user-friendly mobile experience with full access to account management, real-time market data, and technical analysis tools. The app is ideal for beginners who want convenience while trading from their mobile devices.
IC Markets also offers mobile access via MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader apps, known for their advanced charting tools and execution speeds. These apps are optimized for scalpers and high-frequency traders who need precise execution even while trading from mobile devices. Both brokers provide strong mobile trading experiences, but IC Markets' advanced features may appeal more to professional traders, while FXTM’s app is more beginner-friendly.
FXTM vs IC Markets: Scalping and Day Trading Conditions
Scalping and day trading require tight spreads, fast execution speeds, and low trading costs. FXTM offers scalping-friendly trading conditions, particularly with its ECN accounts, which feature raw spreads and market execution. FXTM’s flexible leverage options also appeal to short-term traders who want to maximize their positions.
IC Markets is highly regarded for its scalping and day trading conditions. The broker’s Raw Spread and cTrader Raw accounts offer spreads starting from 0 pips, combined with ultra-fast execution speeds, making it ideal for high-frequency traders. With deep liquidity and access to ECN pricing, IC Markets provides one of the best environments for scalpers and day traders. While FXTM is a strong contender, IC Markets’ trading conditions are specifically tailored to those who prioritize speed and precision in their trading strategies.
FXTM vs IC Markets: Automated and Algorithmic Trading
Both FXTM and IC Markets support automated trading through MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to use Expert Advisors (EAs) to automate their trading strategies. FXTM offers VPS hosting, which ensures that traders' automated strategies run smoothly without interruption. This makes FXTM a solid choice for traders who want to take advantage of algorithmic trading and backtesting.
IC Markets also offers excellent conditions for algorithmic trading, particularly for traders using high-frequency trading systems. The broker provides ultra-low latency and fast execution speeds, which are crucial for traders relying on algorithmic strategies. Additionally, IC Markets offers access to cTrader, which is popular for automated trading due to its advanced features and seamless integration with automated strategies. Both brokers provide robust support for algorithmic traders, but IC Markets stands out for its speed and specialized tools for high-frequency trading.
FXTM vs IC Markets: Cryptocurrency Trading Conditions
FXTM offers access to major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, through CFDs. Traders can speculate on cryptocurrency price movements without owning the underlying assets. FXTM’s crypto trading comes with competitive spreads and access to leverage, though the leverage is generally lower for cryptocurrencies due to their volatility.
IC Markets also provides cryptocurrency trading via CFDs, offering a broader selection of digital assets. With tight spreads and fast execution, IC Markets appeals to traders who want to trade cryptocurrencies in a low-cost environment. IC Markets also allows higher leverage on crypto trades compared to FXTM, depending on the regulatory region. For traders focused on cryptocurrencies, IC Markets may offer more favorable conditions due to its wider asset selection and higher leverage.
FXTM vs IC Markets: Risk Management Tools
FXTM provides a variety of risk management tools, including stop-loss orders, take-profit orders, and trailing stops. These tools allow traders to effectively manage their risk and protect their positions, especially during volatile market conditions. FXTM also offers negative balance protection to ensure that traders do not lose more than their deposited funds.
IC Markets also offers comprehensive risk management tools, including stop-loss and take-profit orders, along with margin call alerts to help traders stay informed about their account status. IC Markets emphasizes transparency in its risk management practices, especially with its ECN accounts, which provide fast execution and minimal slippage. Both brokers offer solid risk management options, but IC Markets’ focus on fast execution and risk transparency makes it particularly appealing to traders who need precise control over their positions.
FXTM vs IC Markets: Copy Trading and Social Trading Features
FXTM offers a proprietary copy trading platform called FXTM Invest, which allows users to follow and copy the strategies of experienced traders. This feature is especially appealing to beginners who want to participate in the markets by leveraging the expertise of professional traders. FXTM Invest provides detailed performance metrics of each trader, allowing users to make informed decisions when choosing whom to follow.
IC Markets, on the other hand, does not offer a native copy trading feature. However, traders can access external copy trading services like Myfxbook and ZuluTrade through IC Markets’ MetaTrader platforms. While this provides flexibility, it is not as integrated as FXTM’s in-house solution. For traders specifically interested in copy trading, FXTM’s platform offers a more seamless and user-friendly experience.
FXTM vs IC Markets: Order Execution Speed and Slippage
Order execution speed and slippage are critical factors for active traders, especially scalpers and day traders. FXTM offers fast execution speeds across all account types, with ECN accounts providing market execution to minimize slippage during periods of high volatility. FXTM’s infrastructure is designed to ensure that traders receive the best available price when entering and exiting trades.
IC Markets excels in this area, particularly with its Raw Spread and cTrader accounts, which are optimized for low-latency, high-frequency trading. IC Markets is known for its ultra-fast execution speeds, minimal slippage, and access to deep liquidity through its ECN network. For traders who prioritize speed and precise execution, IC Markets provides some of the best conditions in the industry.
FXTM vs IC Markets: Deposit and Withdrawal Methods
FXTM offers a wide range of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Most deposits are processed instantly, while withdrawals typically take 1-2 business days. FXTM’s fee structure for withdrawals is competitive, but some payment methods may incur third-party fees.
IC Markets also supports a variety of payment methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill, Neteller, and PayPal. IC Markets is known for its fast processing times, with many e-wallet withdrawals completed within a few hours. Both brokers offer reliable deposit and withdrawal methods, but IC Markets stands out for its faster withdrawal processing times, especially for e-wallet transactions.
FXTM vs IC Markets: Demo Accounts and Practice Trading
FXTM offers demo accounts for all its account types, allowing traders to practice strategies in real-time market conditions without risking real capital. The demo account is particularly useful for beginners who want to familiarize themselves with the platform and trading environment before transitioning to live trading. FXTM’s demo accounts are available without time restrictions, giving traders ample opportunity to refine their strategies.
IC Markets also provides demo accounts with full access to its trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. IC Markets’ demo accounts are ideal for traders testing out scalping and day trading strategies, as they offer access to real-time market data and fast execution speeds. Both brokers offer robust demo accounts, but IC Markets’ demo environment may be better suited for traders practicing high-frequency strategies.
FXTM vs IC Markets: Trading Bonuses and Promotions
FXTM occasionally offers bonuses and promotions, such as deposit bonuses, cashback programs, and trading competitions, depending on the trader’s region. These incentives are designed to help traders maximize their initial investments and encourage active trading. However, bonus availability depends on regulatory restrictions, so traders in some regions may not be eligible for these promotions.
IC Markets does not typically offer trading bonuses or promotions, as it focuses more on providing the lowest possible trading costs and best execution conditions. IC Markets’ strategy is to attract traders through its competitive pricing and fast execution rather than promotional offers. For traders who value bonuses and promotions, FXTM provides more opportunities, while IC Markets is focused on delivering professional-grade trading conditions without relying on incentives.
FXTM vs IC Markets: Partnership and Affiliate Programs
FXTM has a well-established affiliate program that offers competitive commissions to individuals or businesses that refer new clients to the platform. FXTM provides marketing tools, performance tracking, and dedicated support to affiliates, helping them grow their business. The affiliate program is flexible and suitable for both new and experienced marketers looking to promote FXTM’s services.
IC Markets also offers an affiliate program with high payouts and flexible commission structures. Affiliates can choose between revenue sharing or a cost-per-acquisition (CPA) model, depending on their preferences. IC Markets is known for its transparency and reliable payouts, making it a popular choice for partners looking to promote a reputable broker. Both brokers offer lucrative affiliate programs, but IC Markets’ flexibility in commission models may appeal more to partners seeking a tailored approach to affiliate marketing.
FXTM vs IC Markets: Trading for Beginners
FXTM is well-suited for beginner traders due to its educational resources, including webinars, tutorials, and trading guides that cover the basics of forex trading. The availability of the Cent account with a low minimum deposit makes it easy for new traders to start with minimal capital, allowing them to learn in a live environment without significant risk.
IC Markets, while offering a user-friendly platform, is better suited for experienced traders. Although IC Markets provides educational materials, its primary focus is on providing advanced trading conditions, which may overwhelm beginners. For novice traders seeking a more guided and supportive environment, FXTM offers more structured learning tools and resources compared to IC Markets.
FXTM vs IC Markets: Account Customization and Flexibility
FXTM offers a variety of account types, including Cent, Standard, ECN, and ECN Zero accounts. This allows traders to choose an account that suits their trading style, level of experience, and capital. FXTM’s flexible leverage options and micro-lots for beginners add to its appeal for those looking for customizable trading conditions.
IC Markets provides three primary account types—Standard, Raw Spread, and cTrader Raw Spread—focusing on offering ECN trading and raw spreads. While IC Markets caters more to professional traders with specific needs, FXTM’s broader range of account types and lower deposit requirements make it more versatile and flexible, especially for new and intermediate traders.
FXTM vs IC Markets: Multilingual Support and Global Reach
FXTM has a significant global presence, offering multilingual customer support in over a dozen languages, making it a great option for traders from various regions. FXTM’s multilingual support, combined with its local offices and presence in key markets such as Europe, Asia, and Africa, enhances its appeal to international clients.
IC Markets also provides strong customer support, available 24/7, in multiple languages. While IC Markets caters well to global clients, FXTM’s established infrastructure and focus on personalized multilingual support give it an edge in providing customer service to a diverse, international audience.
FXTM vs IC Markets: Advanced Charting and Technical Analysis Tools
Both FXTM and IC Markets offer access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are renowned for their advanced charting and technical analysis tools. FXTM supports traders with built-in indicators, drawing tools, and access to trading signals, making it ideal for technical analysis across various asset classes.
IC Markets offers the same MetaTrader platforms but also includes cTrader, a popular choice among professional traders for its advanced charting capabilities, customizable interface, and additional order types. IC Markets’ focus on delivering premium charting tools and faster execution through cTrader may appeal more to technical traders who need advanced tools to perform detailed market analysis.
FXTM vs IC Markets: Trading Conditions for Professional Traders
FXTM offers ECN accounts designed for professional traders, providing raw spreads and tight execution conditions. Traders who qualify as professionals can access higher leverage, lower commissions, and personalized account management, making FXTM a solid option for those looking for advanced trading conditions.
IC Markets is well-known for providing optimal trading conditions for professional traders, particularly scalpers and high-frequency traders. Its ECN model delivers ultra-low spreads, deep liquidity, and extremely fast execution speeds. With its Raw Spread accounts and cTrader platform, IC Markets is more tailored to traders who require the best possible trading conditions in a high-performance environment.
FXTM vs IC Markets: Spreads Comparison on Major Currency Pairs
FXTM offers competitive spreads across major currency pairs, especially for ECN accounts. Spreads on popular pairs like EUR/USD can start from 0.1 pips, depending on market conditions and account type. FXTM’s spread-only accounts (like the Standard account) offer wider spreads but with no commission.
IC Markets is known for offering some of the tightest spreads in the industry. On its Raw Spread accounts, spreads on major currency pairs, such as EUR/USD, can start from 0 pips, with only a small commission per trade. For traders focused on minimizing spread costs, IC Markets generally provides more favorable conditions compared to FXTM, especially for high-volume traders.
FXTM vs IC Markets: Trading Conditions for Commodities and Indices
FXTM provides access to a wide range of CFDs on commodities such as gold, silver, oil, and indices like the S&P 500, NASDAQ, and FTSE 100. FXTM’s flexible leverage and competitive spreads make it a solid option for traders looking to diversify into commodities and indices.
IC Markets also offers an extensive range of CFDs on commodities and indices, with a focus on providing deep liquidity and tight spreads. The broker’s Raw Spread accounts deliver competitive pricing on commodities like oil and precious metals, making it a popular choice for traders focused on these asset classes. Both brokers provide strong market access, but IC Markets offers slightly tighter spreads for traders specializing in commodities and indices.
FXTM vs IC Markets: VIP and Institutional Client Offerings
FXTM offers professional and VIP accounts that provide enhanced trading conditions, including access to tighter spreads, higher leverage, and personalized account management. VIP clients also benefit from exclusive trading tools and strategies tailored to their needs, making FXTM a great option for high-net-worth traders.
IC Markets does not have a formal VIP program but offers institutional-grade trading conditions through its Raw Spread and cTrader accounts. With ultra-low spreads, high leverage, and deep liquidity, IC Markets is designed to meet the needs of high-volume traders and institutions. For professional traders seeking the lowest trading costs and best execution speeds, IC Markets remains a strong competitor in the institutional trading space.
FXTM vs IC Markets: Withdrawal Speed and Transaction Costs
FXTM provides multiple withdrawal options, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Withdrawal processing times are generally between 1-2 business days, depending on the method chosen. FXTM charges low withdrawal fees, although third-party fees may apply depending on the payment provider.
IC Markets is known for its fast withdrawal processing, particularly for e-wallet transactions, which are often completed within a few hours. Bank transfers and card withdrawals typically take 1-3 business days. IC Markets charges no internal fees for deposits and withdrawals, making it more cost-effective for traders who prioritize quick and low-cost fund transfers.
FXTM vs IC Markets: Real-Time Market Data and News Feed Integration
FXTM integrates real-time market data and news feeds into its MetaTrader platforms, providing traders with up-to-date market analysis, news, and financial reports. These tools help traders stay informed about global market movements and assist in decision-making, especially during periods of high volatility.
IC Markets also provides real-time data and news integration through its MetaTrader and cTrader platforms. Traders have access to live market news, analysis, and economic calendars, helping them stay ahead of important market events. IC Markets is particularly favored by professional traders who require real-time data feeds and the ability to react quickly to market news. Both brokers offer robust news integration, but IC Markets’ focus on speed and advanced tools may be more appealing to traders seeking instant access to market data.
FXTM vs IC Markets: Conclusion
Both FXTM and IC Markets are reputable and well-established brokers, but they cater to different types of traders. FXTM is ideal for beginner and intermediate traders who are looking for educational resources, a user-friendly platform, and flexible account options. With its comprehensive educational tools, copy trading features, and lower deposit requirements, FXTM provides a supportive environment for traders who are still learning the ropes of forex trading.
IC Markets, on the other hand, is best suited for more experienced traders, especially scalpers, high-frequency traders, and professionals who prioritize low spreads, fast execution, and advanced trading tools. IC Markets excels in offering an ECN trading environment with tight spreads and ultra-fast execution speeds, making it a top choice for traders who need precise and cost-efficient trading conditions.
In summary, FXTM is a great option for traders who value educational support and flexibility, while IC Markets is a better fit for those who require tight spreads, high-speed execution, and professional-grade trading platforms. The choice between the two brokers will ultimately depend on your trading style, experience level, and the importance you place on features such as spreads, execution speed, and educational resources.
Published by:
Daniel Carter