FXCC vs IC Markets

All traders at FXCC get one ECN account without a minimum deposit requirement and the out-of-the-box MT4, which supports algorithmic and copy trading. It is one of the most simplified but competitive trading environments, and FXCC provides the MAM module for account managers. FXCC is a transparent broker, listing its execution statistics and confirming access to deep liquidity.

IC Markets is the leader among algorithmic brokers based on daily volume. Its Advanced Trading Tools package provides a 20-plugin MT4 upgrade, and MT5 and cTrader are also available. Copy trading services by Myfxbook AutoTrade and ZuluTrade add to the competitive IC Markets trading environment.

We have conducted an in-depth review of FXCC and IC Markets to determine which presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsIC Markets(visit site)FXCC (visit site)
Headquarter:AustraliaVanuatu
Established :
20102010
Retail Loss Rate:
75.93%Undisclosed
Regulation:
Minimum Deposit:
$200$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
NoNo
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyYes + Third-Party
Funding Methods:
1518
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Excellent MT4 trading tools Low trading costs
Unique Feature Two:
Superior trade execution Daily trading signals
Broker Offers:

Noteworthy:

FXCC grants a 100% first deposit bonus, free VPS hosting for qualifying traders, research, trading signals, and an introductory education course. IC Markets provides algorithmic traders with three third-party VPS hosts.

Available Markets

Available MarketsIC MarketsFXCC
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:5001:500
Maximum Pro Leverage:
1:5001:500

FXCC and Exness are competitive Forex brokers at their core, where the former lists 70+ currency pairs versus 100+ at the latter, one of the widest selections in the industry. Both offer rudimentary cross-asset diversification, but Exness covers liquid equity CFDs, unavailable at FXCC. The cryptocurrency coverage at Exness is also notably broader than at FXCC.

Typical Spreads and Fees

Typical Spreads & FeesIC MarketsFXCC
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
0.6 pips0.0 pips
Minimum Commission for Forex:
$6.00 per round lotCommission-free
Commission for Equities:
$7.00 / $0.04 per round lot Not applicable
Rebates:
NoNo
Execution Type:
Market Maker/ECNECN/STP

The pricing environment at both brokers is competitive, but FXCC maintains an edge. Average costs for major currency pairs are $5.00 per lot at FXCC and $7.00 at IC Markets. FXCC grants access to raw spreads in a commission-free cost structure resulting in a notable pricing advantage.

Security and Trust

FXCC

Country of the RegulatorName of the RegulatorLicense Number
Cyprus
Cyprus Securities and Exchange Commission121/10
Vanuatu
Financial Services CommissionUnregulated

IC Markets

Country of the RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments Commission335692
Seychelles
Financial Services AuthoritySD018
Bahamas
Securities Commission of The BahamasSIA-F214
Cyprus
Cyprus Securities and Exchange Commission362/18

FXCC caters to all non-EEA traders from its unregulated but duly registered Vanuatu subsidiary, company registration number 14576. Both brokers provide negative balance protection, segregate client deposits from corporate funds, and maintain a secure trading environment. FXCC and IC Markets have clean operational records and established themselves as trustworthy Forex brokers.

FXCC vs IC Markets – Verdict

FXCC

ProsCons
Commission-free raw spreads from 0 pips with average cost of 0.5 pipsEquity trading not available
One account type with no minimum deposits and high leverage
Quality education for beginner traders and daily trading signals
Full support for algorithmic and social

IC Markets

ProsCons
Excellent choice of trading platforms consisting of MT4/MT5, and cTraderThe minimum deposit is slightly higher but within a reasonable range
Market-leading MT4 upgrade package, MAM/PAMM accounts, and VPS hosting
Social trading support via Myfxbook, MetaTrader Signals, and ZuluTrade
Leverage of up to 1:500, deep liquidity, and superb trade execution

IC Markets is a leading algorithmic and copy trading broker, while manual traders benefit from its upgraded MT4 trading platform. Both brokers provide quality trading tools, research, and education, but FXCC is the more competitive Forex broker overall due to its lower trading costs.

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