The FXTM vs IC Markets: Which Is Better?
A side-by-side look at regulation, trading conditions, and fees for FXTM and IC Markets, pulled from the same data as their individual reviews.
Key Differences
- • IC Markets holds the higher overall rating: 9.6/10 vs 5.4/10 for FXTM.
- • FXTM has the lower minimum deposit: $10 vs $200 at IC Markets.
- • Risk tier: FXTM is Tier C, IC Markets is Tier A.
Overview
Rating
5.4/10
9.6/10
Trustpilot
2.7/5 · 1,000+ reviews
4.8/5 · 55,000+ reviews
WikiFX Score
Good / Active
High / Validated
Best For
Localized support & low entry barriers
Algorithmic trading, EAs & Scalping
Regulators
FCA, CySEC, FSCA, FSC
ASIC, CySEC, FSA, SCB
Terms & Fees
Min Deposit
$10
$200
Max Leverage
1:2000
1:5000
Spreads From
0.0 Pips
0.02 Pips
Execution Model
STP / ECN (scaling depending on account tier selected)
ECN/STP (No Dealing Desk) — aggregates ~25 liquidity providers
Commission
Advantage Account: variable commission averaging $4 to $7 round trip per lot
Raw Account: $3.50 per lot per side ($7.00 round trip); Standard: $0
Swap / Islamic
Islamic accounts are actively supported and marketed
Highly competitive; Islamic (Swap-Free) accounts available for qualifying residents
Platforms
MT4, MT5, FXTM App
MT4, MT5, cTrader, TradingView
Crypto Deposits
Yes
Yes
Pros
What's good
- + Localized customer support
- + Extensive educational webinars
- + Equinix NY4 integration for low-latency
- + Zero non-trading fees
- + Swap-free accounts available
Cons
Watch out for
- – Proprietary withdrawal percentage fees
- – Limited range of financial instruments
- – Stringent KYC/AML bottlenecks
- – No US/Canada/Japan clients