IC Markets vs OctaFX
Side-by-side comparison of regulation, trading costs, platforms, and account types for IC Markets and OctaFX.
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.
OctaFXTrust 7.6/10
CySEC
FSCA
MISA-Comoros
Commission-free broker built around the proprietary OctaTrader platform with strong emerging-market presence. Default swap-free accounts on every instrument and 100+ local payment options.
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 | OctaFX |
|---|---|---|
| Trust score | 9.3 | 7.6 |
| Regulators | ASIC, CySEC, FSA-Seychelles | CySEC, FSCA, MISA-Comoros |
| Headquarters | — | Saint Vincent and the Grenadines |
| Founded | — | 2011 |
| Min deposit | $200 | $25 |
| Max leverage | 1:500 | 1:500 |
| EUR/USD spread | 0.10 pips | 0.60 pips |
| Commission per lot | $7 | $0.00 |
| 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, Credit/Debit Card, Skrill, Neteller, Crypto |
| Withdrawal methods | — | Bank Wire, Credit/Debit Card, Skrill, Neteller, Crypto |
| Withdrawal speed | — | 24h |
| Base currencies | — | USD, EUR |
IC Markets is best for
Algo traders
Scalpers
High-volume traders
cTrader users
OctaFX is best for
Beginners
Swing traders
Copy traders