IC Markets vs Amarkets - Fees Review included
Which broker is better IC Markets or Amarkets? Our expert assessment conducted according to TU’s own methodology showed that IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.62 out of 10. Amarkets is one of the top brokers in the financial market with the TU Overall Score of 8.47 out of 10. Find out more about TU Overall Score.
| Feature | IC Markets | Amarkets |
|---|---|---|
Overall |
4.7 |
4.4 |
5 |
2.1 |
|
4.9 |
4.9 |
|
4.6 |
4.2 |
|
Investment Instruments |
4.9 |
4.1 |
Platforms and Charting Tools |
4.4 |
4.3 |
Deposit and Withdrawal |
4.6 |
4.6 |
Research |
4.3 |
4.2 |
Education |
4.4 |
3.5 |
Support |
4.6 |
4.2 |
Bonuses |
2.5 |
4.4 |
|
|
|
IC Markets vs Amarkets: Pros and Cons
IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.
“AMarkets” – is the reliable Forex-company that is already trusted by the huge amount of traders. The broker offers its customers the profitable cooperation conditions: wide range of the trading instruments, popular platforms, immediate orders execution, professional support in various issues and may other things.
| IC Markets | Amarkets | |
|---|---|---|
| Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | Order execution 35–50 ms |
| Advanced ECN trading | Low spreads | |
| Order execution speed 40 mc | RAMM account for investors | |
| Free VPS | Tools for algorithmic trading | |
| Trading servers in New York and London | ||
| Strong regulation | ||
| 2000+ trading assets, 60+ currency pairs | ||
| EURUSD Average spread 01 pip | ||
| Overall Cons | No forex bonuses | high level of the minimum deposit |
| World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | offshore regulation |
IC Markets vs Amarkets: Safety and Regulation
| Regulated By: | IC Markets | Amarkets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
AFCA (Australia) |
No |
Other Regulators |
Yes |
FSA SVG |
IC Markets vs Amarkets: Trading Conditions
| Trading Conditions | IC Markets | Amarkets |
|---|---|---|
Minimum Deposit |
$200 |
$100 |
Trading Platforms |
MT4, MT5, cTrader |
MetaTrader4, MetaTrader5, Mobile Platforms |
Max Leverage (Futures) |
1-500 |
1-1000 |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Forex, Stocks CFD, Metals, Cryptopairs, Bonds, Commodities, Indices |
Trading assets |
2000+ |
200+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Fixed, Standard, ECN |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
USD, EUR |
IC Markets vs Amarkets: Fees
Forex Trading Fees
| Fee | IC Markets | Amarkets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.62 pips |
from 1.3 pips. |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3 per lot |
$2.5/€2.5 charged per lot. |
ECN Account EUR Average Spread |
0.02 pip |
0.3 pips |
CFD Trading Fees
| Fee | IC Markets | Amarkets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | IC Markets | Amarkets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
Credit/Debit Cards 2,2-3,5% plus a fixed amount, Bank Wire Transfer min 30 EUR, Electronic wallets 0,5-2% |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IC Markets vs Amarkets: Trading Assets
| Asset Name | IC Markets | Amarkets |
|---|---|---|
Overall |
2000+ trading assets |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
No |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
IC Markets or Amarkets: Investment Programs
| Asset Name | IC Markets | Amarkets |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
Yes (RAMM) |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Amarkets or IC Markets
| IC Markets | Amarkets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
No |
Others |
No |
No |
|
|
|
IC Markets vs Amarkets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | IC Markets | Amarkets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
IC Markets vs Amarkets: Research
| Research Type | IC Markets | Amarkets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
IC Markets vs Amarkets: Education
| Education Type | IC Markets | Amarkets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
Amarkets vs IC Markets: Support
| Support Features | IC Markets | Amarkets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram, WhatsApp |
IC Markets vs Amarkets: Forex Bonuses and Promo
| Promo | IC Markets | Amarkets |
|---|---|---|
Forex Bonus |
Not offered |
You can get 20% bonus on your deposit, |
Affiliate Program |
% of trading commissions |
$10 for every friend you refer |
Other Promos |
||
|
|
|
Top 5 Reviews on Amarkets
-
Comment
I opened an AMarkets account cause they offer a variety of assets to trade. That's true for stocks and forex, but the crypto selection seems a bit limited. They have the big names like Bitcoin and Ethereum, but what about some of the newer altcoins? The market's always evolving, you know? Would be nice to see them add more options in the future.
-
Comment
Hey guys, just wanted to share my experience with AMarkets. So, I've been using it for a while now, and there are a few things you might wanna know. First off, they follow an ECN model, which is cool if you're into that sorta thing. But the downside is they don't have their own platform, so you gotta stick with MT4 or MT5. It's not a deal-breaker for me, but some folks might prefer a proprietary platform. Overall, it's been alright for me, but just thought I'd let you know about these bits.
-
Comment
I've been using AMarkets for a few months now, and one of the features I like most is their Autochartist tool. It scans the markets for potential trading opportunities based on technical chart patterns. This is a huge help for someone new to forex trading like me, because it saves a ton of time staring at charts and trying to identify patterns myself. The Autochartist lays it all out for you, showing things like the instrument, chart pattern, and even the predicted future price movement. That being said, the dashboard itself could use some improvement. In the dashboard, it shows a lot of information, but it seems a little cluttered. Ideally, I'd like to be able to customize the dashboard more. For example, being able to hide some of the instruments I don't trade or choose which timeframe (like 15 minutes or daily) I want to see by default. A more customizable dashboard would make it easier to focus on the info that matters most to my trading strategy. Overall, AMarkets' Autoch
-
Comment
I want to leave a positive review, because I also made a profit more than once when trading with AMarkets. The conditions here are more than acceptable. The trading platform failed very rarely. There is good connection to servers without failures. Order execution is fast. I withdraw money from my AMarkets account to a bank card.
-
Comment
AMarkets is a good broker where you can safely profit with minimal risks. I have my own strategy developed over the years, and here everything is available for trading without any manipulations. Even withdrawing a significant amount of profit is done smoothly. If they didn't allow withdrawals, I would have already switched to another broker. There are no strict limitations, you can trade manually or with the help of advisors. I recommend AMarkets as a broker.
Top 5 Reviews on IC Markets
-
Comment
I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
-
Comment
I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.
-
Comment
I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.
-
Comment
There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.