IC Markets vs NinjaTrader - Fees Review included
Which broker is better IC Markets or NinjaTrader? 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 8.37 out of 10. NinjaTrader is one of the top brokers in the financial market with the TU Overall Score of 7.03 out of 10. Find out more about TU Overall Score.
| Feature | IC Markets | NinjaTrader |
|---|---|---|
Overall |
4.7 |
3.9 |
5 |
4.3 |
|
4.9 |
4.4 |
|
4.6 |
4.2 |
|
Investment Instruments |
4.9 |
1 |
Platforms and Charting Tools |
4.4 |
4.3 |
Deposit and Withdrawal |
4.6 |
4.6 |
Research |
4.3 |
4.1 |
Education |
4.4 |
4.3 |
Support |
4.6 |
4.2 |
Bonuses |
2.5 |
1 |
|
|
IC Markets vs NinjaTrader: 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.
Ninja Trader is a Forex broker that has been providing brokerage services in the derivatives and foreign exchange markets since 2003. The main specialization of the company is in the futures and futures options markets. The broker is a licensed company with domicile in the United States. Ninja Trader also has offices in Germany and the Netherlands, but these are more representative functions.
| IC Markets | NinjaTrader | |
|---|---|---|
| Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | availability of algorithmic trading using proprietary systems; there are more than 850 |
| Advanced ECN trading | Proprietary trading platform, which is one of the best products for trading in the derivatives markets (like MetaTrader 4 for Forex) | |
| Order execution speed 40 mc | 100+ indicators | |
| Free VPS | Advanced chartign software | |
| Trading servers in New York and London | Advanced historical tick data | |
| Strong regulation | ||
| 2000+ trading assets, 60+ currency pairs | ||
| EURUSD Average spread 01 pip | ||
| Overall Cons | No forex bonuses | high trading costs. In addition to the commission for the contract, there are exchange and regulatory fees, a fee to the trade provider (intermediary broker) |
| World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | The initial deposit is from USD 400. But that amount has nothing to do with fees associated with the US stock market | |
| the broker is tailored exclusively for the US futures and options markets | ||
| a deep understanding of the principles of the derivatives market and the rules for working with exchanges is required | ||
| Chat and phones contacts are missing |
IC Markets vs NinjaTrader: Safety and Regulation
| Regulated By: | IC Markets | NinjaTrader |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
AFCA (Australia) |
No |
Other Regulators |
Yes |
NFA |
IC Markets vs NinjaTrader: Trading Conditions
| Trading Conditions | IC Markets | NinjaTrader |
|---|---|---|
Minimum Deposit |
$200 |
For futures - $400, for Forex - $50 |
Trading Platforms |
MT4, MT5, cTrader |
Ninjatrader |
Max Leverage (Futures) |
1-500 |
None |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX |
Trading assets |
2000+ |
100+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Futures account, Forex account, affiliates’ accounts |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
EUR, USD |
IC Markets vs NinjaTrader: Fees
Forex Trading Fees
| Fee | IC Markets | NinjaTrader |
|---|---|---|
Standard Account EURUSD Average Spread |
0.62 pips |
1.4 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3 per lot |
Not supported |
ECN Account EUR Average Spread |
0.02 pip |
Not supported |
CFD Trading Fees
| Fee | IC Markets | NinjaTrader |
|---|---|---|
CFD Trading Fee |
Floating spread |
Not supported |
Non-Trading Fees
| Fee | IC Markets | NinjaTrader |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
ACH: Free; Incoming Check or Wires; No fee; Bounced Check: $30 |
Withdrawal Fee |
No |
ACH: 2 free per month, $15 per additional monthly withdrawal; Check: $7; Domestic Wire Transfer: $30; International Wire Transfer: 50 units of originating currency |
Inactivity Fee |
No |
$25 after 1 month of inactivity |
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 NinjaTrader: Trading Assets
| Asset Name | IC Markets | NinjaTrader |
|---|---|---|
Overall |
2000+ trading assets |
100+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
No |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
No |
Indices |
Yes (CFD) |
No |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
Yes |
Binary Options |
No |
No |
IC Markets or NinjaTrader: Investment Programs
| Asset Name | IC Markets | NinjaTrader |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: NinjaTrader or IC Markets
| IC Markets | NinjaTrader | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
NinjaTrader |
Others |
No |
No |
|
|
IC Markets vs NinjaTrader: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | IC Markets | NinjaTrader |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
IC Markets vs NinjaTrader: Research
| Research Type | IC Markets | NinjaTrader |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
IC Markets vs NinjaTrader: Education
| Education Type | IC Markets | NinjaTrader |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
NinjaTrader vs IC Markets: Support
| Support Features | IC Markets | NinjaTrader |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
IC Markets vs NinjaTrader: Forex Bonuses and Promo
| Promo | IC Markets | NinjaTrader |
|---|---|---|
Forex Bonus |
Not offered |
No |
Affiliate Program |
% of trading commissions |
No |
Other Promos |
||
|
|
Top 5 Reviews on NinjaTrader
-
Comment
I requested a withdrawal from Ninja Trader at the end of the day and received my funds quickly without any delay or problem. I was pleasantly surprised by the transaction speed, especially considering that some companies delay payments for several months. Moreover, I make good profits trading on the Ninja Trader platform, which works flawlessly if you have trading experience, of course.
-
Comment
Whether it is worth opening an account with Ninjatrader is a rhetorical question. Perhaps this makes sense for professional traders from the USA: the broker is regulated by the NFA, has been operating since 2003 and offers the use of ready-made trading systems, so for lovers of automatic trading, that’s it. There are no complaints about the functionality of the terminal. But at the same time, trading and non-trading costs ... To put it mildly, unprofitable. Not only is there a withdrawal fee, but taxes also need to be paid. For beginners and those who trade in small volumes, this is unprofitable. And finally: to trade futures in Ninjatrader, you need to deposit at least $400, for Forex - $50.
-
Comment
After a simple registration, I could choose a standard or demo trading account. By choosing a demo account, I received a deposit of 100,000 virtual dollars. So, you’ll be able to hone your trading skills and try out strategies without the risk of losing funds. Also, a demo account allows you to check the quality of services and the functionality of the platform. I have tried many brokers and Ninja Trader is the best so far. Execution is lightning-fast, there are no hidden fees, and they have unreal trading conditions. I need to have constant access to the trading platform. That is why a mobile application is a real catch. Thus, I can trade using my smartphone. At the moment, both versions for Android and iOS are available. The application allows you to see the activity feed of other traders in real-time, get acquainted with the cost of various financial instruments, track the status of a trading account and interact with other traders using a social network. I’m in the right frame of m
-
Comment
They have an affiliate program that has been developed for active traders like myself who want to receive passive income. Thus, the client can advertise the project and receive a monetary reward for it. I love it. When I was undecided, this broker allowed me to trade and earn money. It was a breaking point. The platform provides services for online transactions in commodities, currencies, stocks, and indices. Users receive a financial platform that is suitable for both the professional and the beginner. Each trader needs to read the rules before registering. Moreover, tons of instruments are provided for traders. Besides, I liked that Ninja Trader has a demo account. The advantage of a demo account is that the client can try his hand and trade without the risk of losing funds. Also, for the convenience of traders, a mobile application was created that provides access to the platform 24/7. Break a leg, guys.
-
Comment
I have experience working with various brokers, and in the end, for one reason or another, I felt blue. I switched to this broker on the advice of a friend. I started trading here several months ago. I now trade on a real account. I have no complaints and I do not plan to switch from Ninja Trader. This broker meets my main requirements. And the technical support is running savoir-faire. If I need their professional help and sound advice, they will solve my problems.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!