IC Markets vs JustMarkets - Fees Review Included
IC Markets and JustMarkets (JustForex) are both popular Forex brokers, but they cater to different trader needs. IC Markets is better for professionals, offering tighter spreads, faster execution, and strong ASIC regulation. JustMarkets is ideal for beginners, with a low minimum deposit of $1, flexible account types, and a $30 no deposit bonus. While IC Markets provides a wider range of assets and superior ECN trading, JustMarkets excels in promotional offers and accessibility. The best choice depends on your trading experience and priorities.
According to our expert assessment based on TU’s methodology, JustMarkets (JustForex) and IC Markets are both well-regarded by traders. While IC Markets scores an impressive 8.27 out of 10, JustMarkets earns 7.43 out of 10. If you want a clearer picture of what each broker offers, checking JustMarkets and IC Markets reviews is a good place to start.
A look at JustMarkets and IC Markets trading conditions shows the main differences between the two. JustMarkets offers flexible account types and competitive spreads, making it a great choice for beginners. Meanwhile, IC Markets provides tighter spreads, stronger regulatory backing, and a wider range of trading instruments, making it a strong option for experienced traders.
Choosing the best broker between JustMarkets and IC Markets comes down to what you’re looking for. If you’re a beginner who values flexibility, JustMarkets might suit your needs. However, if you’re after advanced tools, tighter spreads, and better regulation, IC Markets might be the right pick for you.
IC Markets vs JustMarkets - overall ranking
For traders comparing JustMarkets and IC Markets reviews, IC Markets is often favored for its regulated status under ASIC, ensuring a higher level of security. JustMarkets, while offering flexible trading conditions, is better suited for traders looking for lower entry barriers.
If you're searching for the best broker between JustMarkets and IC Markets, IC Markets is the preferred choice for professional traders, whereas JustMarkets caters to beginners with a lower minimum deposit and multiple account types. Both brokers provide solid platforms for JustMarkets and IC Markets trading, making them strong contenders in the Forex market.
IC Markets vs JustMarkets - overall ranking
| Feature | IC Markets | JustMarkets |
|---|---|---|
|
Overall |
4.7 |
3.8 |
|
Regulation |
5 |
2.1 |
|
Fees |
4.9 |
4.1 |
|
Trading assets |
4.6 |
3.1 |
|
Investment instruments |
4.9 |
4.5 |
|
Platforms and charting tools |
4.4 |
4.5 |
|
Deposit and withdrawal |
4.6 |
4.8 |
|
Research |
4.3 |
3.8 |
|
Education |
4.4 |
4.1 |
|
Support |
4.6 |
4.1 |
|
Bonuses |
2.5 |
4.4 |
|
Open an account |
IC Markets vs JustMarkets: pros and cons
IC Markets
IC Markets, established in 2007 in Sydney, offers strong compliance and security as it operates under the Australian Financial Services License (AFSL) and is regulated by ASIC. The broker is also a member of the Australian Financial Complaint Authority (AFCA), giving traders access to dispute resolution services.
JustMarkets
In contrast, JustMarkets, operated by IPCTrade, is regulated by the Financial Services Commission of Belize (FSC). Although FSC provides oversight, it doesn’t offer the same level of trader protection that ASIC ensures.
When weighing the JustMarkets and IC Markets pros and cons, IC Markets stands out for its strong regulatory backing, making it a reliable choice for traders who prioritize safety. JustMarkets, on the other hand, is attractive to traders who prefer flexibility and less restrictive trading conditions, but it lacks the robust oversight provided by ASIC-regulated brokers.
A closer JustMarkets and IC Markets comparison shows the key differences between the two brokers. IC Markets is perfect for traders who value low spreads, fast execution, and strong regulatory protections, while JustMarkets is better suited for those looking for diverse account types and a more relaxed trading framework.
IC Markets vs JustMarkets: pros and cons
| Pros and cons | IC Markets | JustMarkets |
|---|---|---|
Overall pros |
World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 |
No trading strategy restrictions |
Advanced ECN trading |
||
Order execution speed 40 mc |
||
Free VPS |
||
Trading servers in New York and London |
||
Strong regulation |
||
2000+ trading assets, 60+ currency pairs |
||
EUR/USD average spread 01 pip |
||
Overall cons |
No Forex bonuses |
small choice of trading assets |
World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 |
few opportunities for passive income |
|
there are withdrawal fees |
IC Markets vs JustMarkets: safety and regulation
Both brokers operate under regulatory oversight, but the level of protection differs. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and is a member of the Australian Financial Complaint Authority (AFCA), ensuring strict compliance and trader protection.
JustMarkets is regulated by the Financial Services Commission of Belize (FSC). While FSC provides oversight, it does not offer the same level of security as ASIC.
For traders comparing JustMarkets and IC Markets regulated status, IC Markets provides stronger investor protection, making it a preferred choice for those prioritizing security and compliance.
IC Markets vs JustMarkets: safety and regulation
| Regulated By: | IC Markets | JustMarkets |
|---|---|---|
Max. regulation level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
€20,000 |
FCA UK Regulation |
||
FINRA (U.S) |
||
BaFin (Germany) |
||
ASIC (Australia) |
||
CFTC (U.S) |
||
MAS |
||
FSCA SA |
||
BVI FSC |
||
VFSC |
||
FSA (Seychelles) |
IC Markets vs JustMarkets: trading conditions
Both brokers offer competitive trading conditions, but when comparing JustMarkets and IC Markets, their approaches differ. IC Markets is known for offering tight spreads and ECN trading, which are ideal for professional traders, while JustMarkets focuses on flexible deposits and a variety of accounts, catering to different trader preferences.
When it comes to platforms, both JustMarkets and IC Markets platforms support MT4 and MT5. Additionally, IC Markets provides cTrader, a platform geared toward professionals with advanced tools and customization options.
In terms of accessibility, the JustMarkets and IC Markets minimum deposit requirements differ significantly. JustMarkets allows traders to start with just $1, making it an excellent option for beginners. On the other hand, IC Markets requires a $200 minimum deposit, which suits experienced traders seeking premium features.
IC Markets vs JustMarkets: trading conditions
| Trading conditions | IC Markets | JustMarkets |
|---|---|---|
Minimum deposit |
$200 |
$1 |
Trading platforms |
MT4, MT5, cTrader |
MT4, МТ5, Mobile Platforms, WebTrader |
Max leverage (Futures) |
1-500 |
401769 |
Supported markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Currency Pairs, Precious Metals, Crypto, Indices, Shares, Futures, Energy commodities |
Trading assets |
2000+ |
154+ |
Trading accounts |
cTrader, Raw Spread, Standard |
Standard Cent, Standard, Pro и Raw Spread, Demo |
Base account currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
IC Markets vs JustMarkets: fees
Both JustMarkets and IC Markets have competitive fee structures, but there are key differences to consider. The fees that both brokers charge for standard accounts are similar, with a minimum spread of 0.8 pips on EUR/USD. However, IC Markets suits traders who trade in high volumes with its ECN accounts, offering spreads as low as 0.1 pips.
When it comes to JustMarkets and IC Markets spreads, both brokers provide tight spreads, but IC Markets takes the lead for major currency pairs, particularly with its ECN pricing model. This makes IC Markets great for scalpers and cost-conscious traders.
If you’re deciding on a JustMarkets or IC Markets account, it comes down to your trading style. IC Markets is a better choice for those focusing on high-volume trading with lower costs, while JustMarkets offers flexible account options that cater to diverse trading strategies.
IC Markets vs JustMarkets: fees
| Fees | IC Markets | JustMarkets |
|---|---|---|
|
Standard acc. spread EUR/USD, min pips |
0,8 |
0,8 |
|
Standard acc. spread EUR/USD, max pips |
1,0 |
1,0 |
|
ECN commission |
3,5 |
3,5 |
|
ECN spread EUR/USD |
0,1 |
0,1 |
|
Deposit fee, % |
No |
No |
|
Withdrawal fee, % |
No |
No |
|
Withdrawal fee, USD |
No |
No |
|
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 JustMarkets: trading assets
IC Markets offers a significantly wider range of assets, with over 2,000 trading instruments, including Forex, stocks, indices, commodities, and bonds. In contrast, JustMarkets provides around 150 assets, mainly focusing on Forex, indices, and cryptocurrencies.
For traders comparing JustMarkets and IC Markets trading, IC Markets is the better choice for those seeking diversified markets, while JustMarkets is more suited for Forex-focused traders. When it comes to Forex, JustMarkets and IC Markets both offer competitive spreads, but IC Markets provides better liquidity and execution speed, making it more attractive for active traders.
IC Markets vs JustMarkets: trading assets
| Asset name | IC Markets | JustMarkets |
|---|---|---|
Overall |
2000+ trading assets |
150+ |
Forex |
||
Stocks |
(CFD) |
(CFDs) |
Metals |
(CFD) |
(CFD) |
Cryptocurrencies |
(CFD) |
(CFD) |
Energy |
(CFD) |
(CFD) |
Indices |
(CFD) |
|
ETFs |
(CFD) |
|
Bonds |
(CFD) |
|
Mutual funds |
||
Stock options |
||
Futures trading |
(CFD) |
|
Binary options |
IC Markets or JustMarkets: investment programs
Both JustMarkets and IC Markets offer ways to earn passive income through their investments programs, but their approaches differ. For example, both brokers include copy trading in their services, letting traders copy the strategies of experienced investors.
Additionally, IC Markets stands out with its MAM/PAMM accounts, designed for professional fund managers and investors interested in managed funds. While the investment programs at JustMarkets and IC Markets are both centered around copy trading, IC Markets programs provide more advanced solutions for traders aiming to diversify their portfolios and improve their trading results.
IC Markets or JustMarkets: investment programs
| Investments programs | IC Markets | JustMarkets |
|---|---|---|
|
Copy trading |
||
|
MAM/PAMM |
||
|
Managed accounts |
||
|
Other |
Trading platforms: JustMarkets or IC Markets
Both brokers offer MT4 and MT5, but IC Markets offers more features with cTrader, providing advanced charts and ECN functionality. The JustMarkets and IC Markets platform options meet the different needs of traders. While JustMarkets includes WebTrader and mobile platforms for flexibility, IC Markets delivers fast execution and advanced features, making it a strong choice for professionals.
When looking at JustMarkets and IC Markets trading, each broker has unique advantages. IC Markets is ideal for experienced traders who need high-speed execution and advanced tools. On the other hand, JustMarkets works better for beginners and mobile-focused traders who prefer a simpler trading experience.
Trading platforms: JustMarkets or IC Markets
| Trading platforms | IC Markets | JustMarkets |
|---|---|---|
|
MT4 |
||
|
MT5 |
||
|
cTrader |
||
|
Appropriate platform |
IC Markets terminal |
|
|
Others |
IC Markets vs JustMarkets: deposit and withdrawal methods
Both JustMarkets and IC Markets offer a wide range of payment options, including bank transfers, credit/debit cards, e-wallets, and cryptocurrency. For those comparing the JustMarkets and IC Markets minimum deposit, JustMarkets makes it easy for beginners to start trading with a deposit as low as $1. On the other hand, IC Markets requires a $200 minimum deposit, designed for traders with more experience and a focus on advanced features.
When looking at the JustMarkets and IC Markets withdrawal processes, both brokers provide free withdrawals, though processing times may differ based on the payment method used. While IC Markets works efficiently with all payment methods, JustMarkets adds extra convenience by offering local bank transfers, which are helpful for traders in specific areas.
IC Markets vs JustMarkets: deposit and withdrawal methods
| Deposit and withdrawal method | IC Markets | JustMarkets |
|---|---|---|
Bank wire |
||
Bank card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
IC Markets vs JustMarkets: research
Both brokers provide essential research tools, including news feeds, fundamental data, and chart analysis. However, IC Markets offers additional trading ideas and email reports, giving traders more insights for decision-making.
For those comparing JustMarkets and IC Markets research types, IC Markets stands out with a more comprehensive approach, particularly for advanced traders. With JustMarkets and IC Markets regulated under strict financial authorities, IC Markets ensures reliable market data, making it a strong choice for traders who rely on in-depth research.
IC Markets vs JustMarkets: research
| Research type | IC Markets | JustMarkets |
|---|---|---|
|
News feed |
||
|
Fundamental data |
||
|
Chart analysis |
||
|
Trading ideas |
||
|
E-Mail reports |
IC Markets vs JustMarkets: education
Both brokers provide solid educational resources, including articles, webinars, video tutorials, and demo accounts. However, JustMarkets and IC Markets education section differs in focus. JustMarkets offers a cent account, making it more accessible for beginners to practice with real funds at minimal risk.
For those looking at JustMarkets and IC Markets for beginners, JustMarkets provides a more beginner-friendly environment with simplified learning materials, while IC Markets caters more to advanced traders with in-depth market analysis and strategy-focused education.
IC Markets vs JustMarkets: education
| Education type | IC Markets | JustMarkets |
|---|---|---|
|
Demo-account/Paper trading |
||
|
Webinars |
||
|
Articles |
||
|
Videos |
||
|
Cent account |
Yes |
JustMarkets vs IC Markets: support
Both brokers offer helpful customer support, but there are some clear differences between them. IC Markets and JustMarkets support their clients through email, phone, and live chat, so traders can easily get help when needed.
A key benefit of JustMarkets is its 24/7 availability, whereas IC Markets provides support 24/5 during trading hours. The live chat option from IC Markets and JustMarkets is a fast and convenient way to handle urgent questions. Additionally, JustMarkets offers messaging options via Telegram and other platforms, offering traders more ways to get help.
JustMarkets vs IC Markets: support
| Support features | IC Markets | JustMarkets |
|---|---|---|
Working days |
24/5 |
24/7 |
Phone |
||
Online chat |
||
Other |
Telegram, Viber, Messedger, Line, Instagram |
IC Markets vs JustMarkets: Forex bonuses and promo
When it comes to promotions, JustMarkets has a clear advantage. It offers a $30 no deposit bonus for new traders and various promotional campaigns. In contrast, IC Markets does not provide any Forex bonuses.
For traders comparing JustMarkets and IC Markets offers, JustMarkets is the better choice for those looking to benefit from deposit bonuses and trading incentives. The JustMarkets and IC Markets bonus comparison highlights that JustMarkets provides more opportunities for traders to start with extra funds, while IC Markets focuses on competitive trading conditions instead.
IC Markets vs JustMarkets: Forex bonuses and promo
| Promo | IC Markets | JustMarkets |
|---|---|---|
Forex bonus |
Not offered |
No deposit bonus $30 |
Affiliate program |
% of trading commissions |
Conclusion
Choosing between IC Markets and JustMarkets depends on your trading priorities. IC Markets offers tight spreads, transparent fees, and excellent execution — ideal for cost-conscious and professional traders. JustMarkets, with its flexible accounts and higher leverage, appeals to those seeking versatility. Evaluate your trading style and objectives to select the broker that best fits your needs.
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.
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.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
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).