IC Markets vs Interactive Brokers
Side-by-side comparison of regulation, trading costs, platforms, and account types for IC Markets and Interactive Brokers.
IC MarketsTrust 9.3/10
ASIC
CySEC
FSA-Seychelles
One of the largest forex brokers globally. Famous for ultra-tight spreads, deep liquidity, and excellent execution. Top choice for high-volume and algorithmic traders.
Interactive BrokersTrust 8.9/10
CFTC-NFA
FCA
ASIC
MAS
Nasdaq-listed institutional-grade broker with the broadest market access of any retail-accessible broker — 150+ markets across 33 countries. Trader Workstation is the industry yardstick for power users.
Quick verdict
- Trust: IC Markets has the higher trust score.
- EUR/USD spread: IC Markets is tighter on EUR/USD.
Side-by-side comparison
| Feature | IC Markets | Interactive Brokers |
|---|---|---|
| Trust score | 9.3 | 8.9 |
| Regulators | ASIC, CySEC, FSA-Seychelles | CFTC-NFA, FCA, ASIC, MAS, IIROC, FMA-NZ, CySEC |
| Headquarters | — | United States |
| Founded | — | 1978 |
| Min deposit | $200 | $0.00 |
| Max leverage | 1:500 | 1:50 |
| EUR/USD spread | 0.10 pips | 0.20 pips |
| Commission per lot | $7 | $4 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | Bank Wire, ACH |
| Withdrawal methods | — | Bank Wire, ACH |
| Withdrawal speed | — | 48h |
| Base currencies | — | USD, EUR, GBP, AUD, NZD, JPY, CAD, CHF, HKD, SGD |
IC Markets is best for
Algo traders
Scalpers
High-volume traders
cTrader users
Interactive Brokers is best for
High-volume traders
Algo traders
Stock CFD traders