FXTM vs IC Markets - Fees Review Included

Deciding on the best broker between FXTM and IC Markets goes beyond just looking at fees. Factors such as trading platforms, execution speed, and account types all play a role in determining which broker is better suited to your needs. IC Markets is widely recognized for its ECN-style trading with minimal spreads, offering cost-efficient trading for scalpers and high-volume traders. Meanwhile, FXTM provides a mix of fixed and floating spreads, accommodating traders with different experience levels.

A thorough FXTM and IC Markets comparison reveals important distinctions in fee structures, spreads, and commissions. IC Markets tends to be the more cost-effective choice with lower non-trading fees, while FXTM offers various account types with flexible pricing models. If you're looking for a broker that aligns with your strategy, understanding these details can help you make an informed decision.

FXTM vs IC Markets

Choosing the right Forex broker is crucial for any trader, and FXTM and IC Markets are two of the most popular options. Both brokers offer competitive features, but their fees, trading conditions, and platform options differ significantly. IC Markets is known for its tight spreads and low-cost ECN trading, while FXTM provides a mix of account types and investment opportunities.

This detailed FXTM and IC Markets comparison will break down key factors such as spreads, commissions, regulation, trading platforms, and investment programs. Whether you're looking for FXTM and IC Markets reviews or simply trying to find the best broker FXTM and IC Markets, this guide will help you understand their strengths and weaknesses to make an informed choice.

FXTM vs IC Markets: pros and cons

IC Markets and FXTM are two well-known brokers in the financial industry, each with distinct advantages and drawbacks. When evaluating the pros and cons of IC Markets and FXTM, it’s essential to consider their regulatory oversight, trading conditions, and overall user experience.

FXTM Review

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Founded in 2011, FXTM (ForexTime) offers opportunities for both active traders and investors through various trading and investment programs. The broker operates under strict regulatory frameworks, holding licenses from CySEC, the FSCA in South Africa, the FCA in the UK, and the FSC in Mauritius. Over the years, FXTM has earned recognition, winning awards like "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018). However, while it provides strong educational resources and competitive trading tools, some traders may find its spreads and fees higher compared to other brokers.

IC Markets Review

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On the other hand, IC Markets has been in operation since 2007, with headquarters in Sydney, Australia. It is regulated under an Australian Financial Services License (AFSL) and overseen by the Australian Securities and Investments Commission (ASIC). The broker is also a member of the Australian Financial Complaints Authority (AFCA), ensuring fair resolution of disputes between traders and financial service providers. Many traders appreciate IC Markets for its tight spreads, fast execution speeds, and access to deep liquidity, making it a strong choice for scalpers and high-volume traders. However, its regulatory coverage outside Australia is more limited compared to some global brokers.

By comparing the IC Markets and FXTM pros and cons, traders can determine which broker aligns best with their needs, whether they prioritize low spreads and execution speed or strong investor protection and educational support.

FXTM vs IC Markets: safety and regulation

Both FXTM and IC Markets are regulated brokers that provide strong security measures for traders. They are Tier-1 regulated and authorized by the FCA UK, offering investor protection of up to £85,000 or €20,000. This ensures that traders have financial safeguards in case of broker insolvency, adding an extra layer of trust.

Additionally, FXTM and IC Markets are regulated by the FSCA SA, further strengthening their compliance with financial regulations. However, neither broker holds regulation from ASIC (Australia), CFTC (U.S.), BaFin (Germany), or MAS (Singapore), which could be a factor for traders looking for oversight in those regions. Despite this, their existing regulations provide reliable security for traders.

FXTM vs IC Markets: trading conditions

The trading conditions at FXTM and IC Markets vary depending on account types and market access. While both brokers offer competitive spreads and execution speeds, their conditions differ based on the trading environment they provide. FXTM caters to traders who prefer flexible leverage and promotions, whereas IC Markets is known for its deep liquidity and ECN execution, making it a preferred choice for high-frequency traders.

When it comes to FXTM and IC Markets platform options, both brokers support MT4 and MT5, ensuring traders have access to industry-standard tools. However, IC Markets goes a step further by offering cTrader, a platform designed for advanced trading strategies. This additional option gives traders more flexibility, especially those who rely on depth-of-market features and algorithmic trading.

Considering the FXTM and IC Markets minimum deposit amounts, we found out next:

• FXTM has a lower requirement of just $50, making it more accessible for beginners. 

• IC Markets requires a minimum deposit of $200, which may attract experienced traders looking for tighter spreads and ECN trading conditions.

FXTM vs IC Markets: fees

Traders will find thatTraders will find that IC Markets and and FXTM fees include commission-based charges for ECN accounts and tight spreads on standard accounts. Additionally, neither broker imposes percentage-based deposit or withdrawal fees, but fixed withdrawal charges range from $3 to $20 depending on the payment method.

On a standard account, the IC Markets and FXTM spreads for EUR/USD typically range from 0.1 to 0.3 pips, making them attractive for traders who prioritize tight spreads. For ECN accounts, both brokers charge a commission of $2.5 per lot while offering an average ECN spread of 0.2 pips on EUR/USD, ensuring cost-efficient trading for active market participants.

In terms of account-related charges, both brokers implement an inactivity fee of $5 if the IC Markets or an FXTM account remains dormant for a specific period. Understanding the fee structures associated with maintaining an account at either broker is crucial for traders aiming to minimize unnecessary costs while selecting the best trading platform.

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

FXTM vs IC Markets: trading assets

Both brokers provide a wide range of assets, but the offerings in Forex trading for FXTM and IC Markets differ slightly. FXTM grants traders access to over 1,000 trading instruments, while IC Markets provides an even broader selection with over 2,000 assets, including Forex, CFDs, and commodities. This difference makes IC Markets appealing to traders looking for more variety, while FXTM is a solid choice for those who prefer a focused selection of instruments.

When analyzing FXTM and IC Markets trading conditions, both brokers offer Forex, stocks, metals, indices, energy, and ETFs. However, IC Markets expands its offerings with cryptocurrency and bond CFDs, options unavailable with FXTM. Additionally, both brokers support futures trading, but IC Markets provides it in CFD form. Traders seeking a wider asset range may find IC Markets more suitable, while those focusing on traditional markets can benefit from FXTM and its structured selection.

FXTM or IC Markets: investment programs

Both IC Markets and FXTM offer investment programs, but their options differ:

• FXTM provides copy trading and managed accounts, allowing traders to follow experienced investors or have their funds professionally managed. However, it does not support MAM/PAMM accounts.

• IC Markets offers copy trading and MAM/PAMM accounts, making it a strong choice for money managers handling multiple investor accounts. However, it does not provide managed accounts, which might be a consideration for traders looking for passive investment options. 

Choosing between these IC Markets and FXTM investment programs depends on whether you prefer direct management or automated investment strategies.

Trading platforms: IC Markets or FXTM

When evaluating the FXTM and IC Markets platform options, both brokers provide access to the widely used MetaTrader 4 and MetaTrader 5 platforms. However, their offerings differ beyond these standard platforms. IC Markets includes cTrader, a favorite among advanced traders for its depth of market tools and user-friendly interface, whereas FXTM does not support it.

Looking at the FXTM and IC Markets trading experience, each broker brings unique tools to the table. FXTM enhances its services with FXTM Invest, a platform tailored for copy trading, allowing traders to follow and replicate the strategies of experienced investors. Meanwhile, IC Markets provides the IC Markets Terminal, offering deeper market access and advanced analytics. While both brokers create a strong trading environment, IC Markets appeals to traders who prefer cTrader, while FXTM is better suited for those seeking integrated investment solutions.

FXTM vs IC Markets: deposit and withdrawal methods

Both FXTM and IC Markets provide flexible funding options, offering traders various ways to manage deposits and withdrawals. They support popular payment methods such as bank wire, credit/debit cards, Neteller, BTC, and USDT, making transactions accessible worldwide. However, traders should note that neither broker currently supports Wise or Payoneer for transactions. Also, when it comes to the FXTM and IC Markets withdrawal process, both brokers ensure quick and secure transfers, typically processing most payment methods within 24 hours.

When comparing the FXTM and IC Markets minimum deposit requirements, we found out next:

• FXTM has a lower entry point of just $50, making it an attractive choice for beginners. 

• IC Markets requires a minimum deposit of $200, which may appeal more to traders seeking an advanced trading environment with tighter spreads and ECN execution. 

Both brokers prioritize secure and efficient funding processes, but the best choice depends on a trader’s preferred payment method and initial investment flexibility.

FXTM vs IC Markets: research

The FXTM and IC Markets research types include news feeds, fundamental data, and chart analysis, helping traders stay updated with market movements and trends. These tools are particularly useful for those who rely on technical and fundamental analysis to make informed trading decisions.

Additionally, both brokers offer trading ideas and email reports, ensuring traders receive regular updates and forecasts. Their offerings are designed to support different trading strategies, whether a trader focuses on short-term market fluctuations or long-term investment opportunities. These research tools help traders stay informed and make better trading decisions based on real-time market data.

FXTM vs IC Markets: education

Both FXTM and IC Markets prioritize education, offering a wide range of learning materials to support traders at every stage of their journey. Their educational resources include demo accounts, webinars, articles, and videos, all designed to help traders expand their knowledge and refine their strategies. Whether you're looking for structured lessons or hands-on practice, the FXTM and IC Markets education programs provide valuable insights to improve trading skills.

For those new to trading, FXTM and IC Markets offer comprehensive support tailored for beginners. Both brokers provide accessible learning tools, including demo accounts and step-by-step guides to help new traders navigate the markets with confidence. Additionally, FXTM stands out by offering a cent account, allowing beginners to trade with smaller capital, while IC Markets does not provide this option. With these educational resources, new traders can gain experience in a risk-controlled environment before moving on to live trading.

IC Markets vs FXTM: support

Both brokers provide reliable customer service, ensuring traders can get assistance whenever needed. The IC Markets and FXTM support teams are available 24/5, offering help through multiple channels such as email, phone, and online chat. This allows traders to get their issues resolved efficiently during trading hours.

For those who prefer real-time assistance, FXTM and IC Markets live chats are convenient options available with both brokers. FXTM also provides additional contact methods, including callback, Telegram, Messenger, Facebook, and WhatsApp, while IC Markets does not. These extra communication options make it easier for FXTM users to reach customer support through their preferred platform.

FXTM vs IC Markets: Forex bonuses and promo

FXTM and IC Markets take different approaches when it comes to promotional deals. The types of promotions that FXTM and IC Markets offer vary significantly. While FXTM attracts traders with cashback rewards and referral programs, IC Markets does not provide a direct Forex bonus. Instead, FXTM gives traders a cashback reward of up to $5 per lot, making it a popular option for those seeking additional trading incentives.

When considering referral programs, the IC Markets and FXTM bonus structures also differ. FXTM rewards traders with a $50 bonus for every new client they refer, whereas IC Markets takes a different route by offering affiliates a percentage of trading commissions rather than a fixed payout. These differences make FXTM a better fit for traders who prefer cashback and referral bonuses, while IC Markets is more appealing to those who benefit from commission-based incentives.

Conclusion

Choosing between IC Markets and FXTM depends on individual trading needs. IC Markets is an excellent choice for traders looking for tight spreads, low trading fees, and advanced platforms like cTrader, making it ideal for active and professional traders. On the other hand, FXTM is better suited for traders who prefer a variety of account types, investment programs, and beginner-friendly options, including a lower minimum deposit and a cent account.

Both brokers provide strong regulation, research tools, and customer support, ensuring a secure and well-supported trading experience. While IC Markets excels in trading conditions and asset variety, FXTM offers more promotional deals and investment options. Understanding these differences will help traders choose the broker that aligns best with their trading goals.

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Alamin Morshed

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Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition. With expertise in search engine optimization (SEO) and content marketing, he ensures his work is both informative and impactful.

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Chinmay Soni

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Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

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Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).