IC Markets vs FXTM — Which Broker Is Better for Active Traders?
A detailed comparison of IC Markets and FXTM focusing on spreads, commissions, platforms, regulation, and which broker is better suited for scalpers and growth-focused traders.
Quick Comparison
| Feature | IC Markets | FXTM |
|---|---|---|
| Founded | 2007 | 2011 |
| Regulation | ASIC, CySEC, FSA | FCA, CySEC, FSCA |
| Minimum Deposit | $200 | $10 |
| Forex Spreads | From 0.0 pips (Raw) | From 0.0 pips (Advantage) |
| Commission | $3.50 per lot (per side) | From $2 per lot (per side) |
| Best For | Scalpers & Algo Traders | Low Deposit & Growing Traders |
Broker Overview
IC Markets and FXTM (ForexTime) are well-known global forex and CFD brokers offering competitive trading conditions. Both provide access to MetaTrader platforms and tight spreads.
IC Markets is particularly popular among scalpers and algorithmic traders due to its deep liquidity and institutional-style pricing. FXTM stands out for its low minimum deposit and flexible account options suitable for beginner and intermediate traders.
IC Markets Pros
- Ultra-tight raw spreads
- Excellent for scalping
- Deep liquidity pools
- Supports MT4, MT5 & cTrader
FXTM Pros
- Low minimum deposit
- Flexible account types
- Competitive commissions
- Strong global presence
IC Markets Cons
- $200 minimum deposit
- Limited educational resources
FXTM Cons
- Higher spreads on standard accounts
- Platform offering limited to MT4/MT5
Fees & Trading Costs
IC Markets offers raw spreads starting from 0.0 pips with competitive commissions, making it highly attractive for high-frequency traders.
FXTM also provides raw-style accounts with competitive pricing, but standard accounts may have slightly wider spreads compared to IC Markets.
Trading Platforms
Both IC Markets and FXTM support MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile devices. IC Markets additionally offers cTrader for advanced traders who prefer depth-of-market and advanced order types.
Safety & Regulation
Both brokers are regulated by reputable authorities including ASIC, FCA, and CySEC (depending on entity). Client funds are held in segregated accounts and retail traders benefit from negative balance protection under regulated jurisdictions.
Which Broker Should You Choose?
Choose IC Markets if:
- You scalp or trade frequently
- You want institutional-style pricing
- You use automated trading systems
Choose FXTM if:
- You prefer a lower starting deposit
- You are a beginner or growing trader
- You want flexible account structures
Final Verdict: IC Markets vs FXTM
IC Markets is ideal for experienced traders and scalpers seeking ultra-tight spreads and deep liquidity. FXTM is better suited for newer traders or those starting with smaller capital who want flexible account options.
Trading involves risk. Capital at risk.