IC Markets vs Trading 212 - Fees Review included
Which broker is better IC Markets or Trading 212? 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 7.46 out of 10. Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 6.45 out of 10. Find out more about TU Overall Score.
| Feature | IC Markets | Trading 212 |
|---|---|---|
Overall |
4.7 |
3.9 |
5 |
4.5 |
|
4.9 |
3.5 |
|
4.6 |
4.7 |
|
Investment Instruments |
4.9 |
1 |
Platforms and Charting Tools |
4.4 |
2.8 |
Deposit and Withdrawal |
4.6 |
4.1 |
Research |
4.3 |
3.7 |
Education |
4.4 |
3.8 |
Support |
4.6 |
3.9 |
Bonuses |
2.5 |
1 |
|
|
IC Markets vs Trading 212: 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.
The Trading 212 brokerage company (trading212.com) is registered to do business in London in 2006. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the UK Financial Conduct Authority (FCA) and by CySEC in Europe. The broker does not provide data on awards received during the work.
| IC Markets | Trading 212 | |
|---|---|---|
| Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | low level of the minimum deposit |
| Advanced ECN trading | a large selection of trading assets | |
| Order execution speed 40 mc | Big choice of Stocks and ETFs | |
| Free VPS | UK and EU regulated broker | |
| 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 | lack of investment programs |
| World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | a small number of ways to contact support | |
| the company does not hold contests for traders |
IC Markets vs Trading 212: Safety and Regulation
| IC Markets | Trading 212 | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
€20,000 £85,000 |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
IC Markets vs Trading 212: Trading Conditions
| Trading Conditions | IC Markets | Trading 212 |
|---|---|---|
Minimum Deposit |
$200 |
£1, €1 |
Trading Platforms |
MT4, MT5, cTrader |
Web platform, a mobile app for iOS and Android |
Max Leverage (Futures) |
1-500 |
1:30 (retail clients), 1:500 (Pro clients) |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Trading assets |
2000+ |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
Trading Accounts |
cTrader, Raw Spread, Standard |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
GBP, EUR |
IC Markets vs Trading 212: Fees
| IC Markets | Trading 212 | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,8 |
0,2 |
Standard acc. spread EUR/USD, max pips |
1,0 |
0,5 |
ECN Commission |
3,5 |
1,5 |
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 Trading 212: Trading Assets
| Asset Name | IC Markets | Trading 212 |
|---|---|---|
Overall |
2000+ trading assets |
over 12000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes |
Bonds |
Yes (CFD) |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
Yes (CFD) |
Binary Options |
No |
No |
IC Markets or Trading 212: Investment Programs
| Asset Name | IC Markets | Trading 212 |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Trading 212 or IC Markets
| IC Markets | Trading 212 | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
Trading 212 |
Others |
No |
No |
|
|
IC Markets vs Trading 212: Deposit and Withdrawal Methods
| IC Markets | Trading 212 | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
IC Markets vs Trading 212: Research
| Research Type | IC Markets | Trading 212 |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
IC Markets vs Trading 212: Education
| Education Type | IC Markets | Trading 212 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Trading 212 vs IC Markets: Support
| Support Features | IC Markets | Trading 212 |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
No |
Other |
No |
feedback form |
IC Markets vs Trading 212: Forex Bonuses and Promo
| Promo | IC Markets | Trading 212 |
|---|---|---|
Forex Bonus |
Not offered |
No |
Affiliate Program |
% of trading commissions |
Promo offer. It works according to the principle of a standard referral program. A client of the company becomes a partner of a broker, receives an individual referral link and attracts new users to the company. The referrer gets a bonus for each new active trader. Trading 212 provides a tiered referral program that rewards every client and friend they refer with a free share (or a share of the whole share) up to €100/GBP. |
Other Promos |
||
|
|
Top 5 Reviews on Trading 212
-
Comment
The multilingual interface of Pacific Union's website indicates that the company is oriented towards clients from all over the world, which is a big plus for the international audience. However, one nuance can be noted: currently the company does not hold contests for traders, which could be an additional incentive for active participation of users. This is, of course, a minor drawback that does not reduce the overall attractiveness of the broker.
-
Comment
Trading 212 offers a really wide range of trading assets, so everyone can choose something to his taste or even try everything at once. The trading conditions are also fine, trades are executed as they should be. The only disadvantage is the limited ways of communication with support. Sometimes you really need advice, and the options for communication are not always convenient or fast. It would be great if they added more communication channels for prompt help.
-
Comment
Trading 212 provides a convenient and intuitive trading platform, which makes it accessible for both beginners and experienced traders. A pleasant bonus is the absence of commissions for trading stocks and ETFs, which allows you to maximize the use of your investments. However, it's worth noting that the asset selection for trading cryptocurrencies and other more specific instruments can be limited. Overall, Trading 212 is a good choice for those looking for a simple and affordable trading platform, but those looking to trade more specialized assets may need to consider other options.
-
Comment
I work with Trading 212 and I have a neutral impression. I like the fact that the company has a low minimum deposit. This makes trading accessible for many people and allows you to start with small investments. However, there is a disadvantage - the lack of investment programs. For those looking for passive income opportunities, this can be inconvenient. Overall, Trading 212 offers good conditions for active traders, but I would like to see more investment options.
-
Comment
Trading 212 is a good broker! Withdrawals are fine here, as well as the execution speed. I felt the quality immediately once I started trading here. I believe that Trading 212 is a high-quality broker that can provide fast order execution speed.
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.
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.