IC Markets vs Fullerton Markets - Fees Review included
Which broker is better IC Markets or Fullerton Markets? 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. Fullerton Markets is one of the top brokers in the financial market with the TU Overall Score of 3.87 out of 10. Find out more about TU Overall Score.
| Feature | IC Markets | Fullerton Markets |
|---|---|---|
Overall |
4.7 |
3.6 |
5 |
1.8 |
|
4.9 |
2.1 |
|
4.6 |
3.5 |
|
Investment Instruments |
4.9 |
4.6 |
Platforms and Charting Tools |
4.4 |
4.5 |
Deposit and Withdrawal |
4.6 |
4.7 |
Research |
4.3 |
3.6 |
Education |
4.4 |
3.5 |
Support |
4.6 |
3.9 |
Bonuses |
2.5 |
2.2 |
|
|
|
IC Markets vs Fullerton Markets: 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.
Fullerton Markets is a Forex broker that provides its clients with the possibility to trade currency pairs, metals, oil, and indices. You can also earn passive income through one of its investment programs. The broker primarily works with clients and traders from the Asia-Pacific region. Fullerton Markets received 14 awards over the past 3 years, including Best FX Broker (2019), Best Safety Broker (2019), and Best Social Trading Platform (2020).
| IC Markets | Fullerton Markets | |
|---|---|---|
| Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | the trading tools on the company’s website are free of charge |
| Advanced ECN trading | in most cases, the broker pays the commission for deposits and withdrawals | |
| Order execution speed 40 mc | the company offers investment programs | |
| Free VPS | there is negative balance protection | |
| Trading servers in New York and London | you can open an Islamic account without swaps | |
| Strong regulation | support service works round the clock. | |
| 2000+ trading assets, 60+ currency pairs | ||
| EURUSD Average spread 01 pip | ||
| Overall Cons | No forex bonuses | The broker is not regulated by third parties. |
| World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | High ECN fees | |
| Islamic account holders cannot open MAM accounts. |
IC Markets vs Fullerton Markets: Safety and Regulation
| Regulated By: | IC Markets | Fullerton Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
AFCA (Australia) |
No |
Other Regulators |
Yes |
SVGFSA |
IC Markets vs Fullerton Markets: Trading Conditions
| Trading Conditions | IC Markets | Fullerton Markets |
|---|---|---|
Minimum Deposit |
$200 |
$100 |
Trading Platforms |
MT4, MT5, cTrader |
Fullerton Markets MetaTrader 4, MetaTrader 5 |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Currency pairs, metals, indices, oil |
Trading assets |
2000+ |
200+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Floating, ECN-spread, fixed |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
USD, EUR, SGD |
IC Markets vs Fullerton Markets: Fees
Forex Trading Fees
| Fee | IC Markets | Fullerton Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.62 pips |
No data |
Standard Account Fee |
$0 |
No data |
ECN/STP Account Fee |
$3 per lot |
$10 per lot |
ECN Account EUR Average Spread |
0.02 pip |
0.2 pips |
CFD Trading Fees
| Fee | IC Markets | Fullerton Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Fixed or floating spread |
Non-Trading Fees
| Fee | IC Markets | Fullerton Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
100% covered by Fullerton Markets |
Withdrawal Fee |
No |
100% covered by Fullerton Markets |
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 Fullerton Markets: Trading Assets
| Asset Name | IC Markets | Fullerton Markets |
|---|---|---|
Overall |
2000+ trading assets |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
|
Energy |
Yes (CFD) |
Yes |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
IC Markets or Fullerton Markets: Investment Programs
| Asset Name | IC Markets | Fullerton Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Fullerton Markets or IC Markets
| IC Markets | Fullerton Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
No |
Others |
No |
No |
|
|
|
IC Markets vs Fullerton Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | IC Markets | Fullerton Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
IC Markets vs Fullerton Markets: Research
| Research Type | IC Markets | Fullerton Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
IC Markets vs Fullerton Markets: Education
| Education Type | IC Markets | Fullerton Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Fullerton Markets vs IC Markets: Support
| Support Features | IC Markets | Fullerton Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
IC Markets vs Fullerton Markets: Forex Bonuses and Promo
| Promo | IC Markets | Fullerton Markets |
|---|---|---|
Forex Bonus |
Not offered |
The broker credits traders with a bonus every time a trading account is funded. The amount of the bonus depends on the level that the client has reached in the bonus program. There are 6 levels in total: for the first $10,000, users receive a 10% bonus; for the second $10,000, it's 25%; for the third, it's 20%; for the fourth, it's15%, and for the fifth, it's10%. At the sixth level, the size of the bonus reaches 8%. Upon an initial deposit of $100,000, the trader will receive a $12,000 bonus. |
Affiliate Program |
% of trading commissions |
There are three types of affiliate programs: Introducing Broker (IB), Money Manager and White Label |
Other Promos |
||
|
|
|
Top 5 Reviews on Fullerton Markets
-
Comment
In general, I can say different things about Fullerton Markets. It offers good trading conditions with a fast platform. But also, there are trading and withdrawal fees. Requotes also occur when opening trades, although they are rare. Fullerton Markets withdraws money, there is nothing bad to say here.
-
Comment
The biggest negative thing about Fullerton Markets is that they are registered offshore. This, of course, can cause mistrust among potential users and traders. But I have already been trading with this broker for the second year. I have withdrawn profits from my Fullerton Markets account several times, and the money arrived on my bank card within four days. This is a reasonable withdrawal period. Trading is standard at Fullerton Markets. There are small slippages and widening of spreads. But it is possible to make a profit.
-
Comment
Fullerton markets support will never help you in any way, no matter what happens! The broker is often blocked from entering the market at news releases, even with a minimum volume of 0.01 lots. Trades cannot be opened. The platform is also unstable. Technical support ignores my questions and complaints. I do not recommend Fullerton markets.
-
Comment
Trading with Fullerton Markets is very much like a casino because you don't know how the platform will behave at any given moment. What's even worse is that the company has absolved itself of responsibility for software glitches. That's the impression I got from Fullerton Markets' customer support. It seems the company has no intention of making changes; the regulations state that clients bear all the risks, including those related to the software.
-
Comment
I was looking for a broker for active trading. I found information about Fullerton Markets on the internet. Some reviews said that this particular broker was reliable for active trading. Now I understand that all these reviews were either a scam, or they were written by Fullerton Markets staff. Active trading isn’t possible here.
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.