Broker comparison
FOREX.com vs IC Markets
This comparison does not crown a winner between Forex Com and Ic Markets. Broker conditions vary by regulated entity and change over time, so the useful work is verification: confirming current facts from each broker's own documents and weighing them against your trading style, residence and budget. Use the checklist below as your working process.
FOREX.com
Current broker data
- Rating
- 4.6 / 5
- Minimum deposit
- $100
- Regulator labels
- CIRO, CySEC, NFA, CFTC +5
- Markets listed
- Forex, Indices, Cryptocurrency, Commodities, Energy +3
- Editorial status
- No current notice
IC Markets
Current broker data
- Rating
- 4.5 / 5
- Minimum deposit
- $200
- Regulator labels
- ASIC, CySEC, FSA, CMA
- Markets listed
- Forex, Commodities, Indices, Cryptocurrencies, Stocks
- Editorial status
- No current notice
How to read this comparison
The facts below come from InvestorTrip's current broker database and linked review pages. They are a screening aid, not a claim that a broker is available, cheaper or safer for every country, account type or legal entity.
Step 1: Confirm the regulated entity behind your account
Both brokers may operate through multiple legal entities, and the one assigned to you depends on where you live. That assignment affects leverage limits, dispute processes and whether any compensation arrangements apply. Start by finding the exact entity name in each broker's legal documents for your region, then confirm its license on the relevant regulator's public register. If signup flows are ambiguous, ask support in writing which entity would hold your funds and keep the answer for your records.
Key checks: Locate the legal entity name and license number for your country in each broker's disclosures.; Verify the license directly on the regulator's own register, not a screenshot.; Note differences in leverage caps and client protections between entities..
Step 2: Build a like-for-like cost comparison
Costs only compare cleanly when you hold the account type constant. Choose the account structure you would realistically use at each broker, then gather current spreads, commissions and overnight financing for the instruments you actually trade. Marketing pages often show minimum or typical spreads, so where possible check live demo pricing during your normal trading hours. Add non-trading fees such as withdrawal charges, inactivity fees and currency conversion, since these can outweigh per-trade costs for some traders. Date-stamp everything you record because schedules are revised without much notice.
Key checks: Compare equivalent account types rather than each broker's headline offer.; Check pricing on your specific instruments and during your usual trading sessions.; Include withdrawal, inactivity and conversion fees in your total cost view.; Keep dated copies of the fee documents you relied on..
Step 3: Trial both platforms and use the review resources
Feature lists rarely settle a platform decision; hands-on use does. Open demo accounts where offered and run your typical workflow: placing and modifying orders, reading charts, checking margin displays and testing the mobile app if you trade away from a desk. Confirm the platforms each broker currently supports in their own documentation rather than assuming. Then read the Forex Com review and the Ic Markets review on InvestorTrip for structured notes, and use the compare broker tool to line both up against the same criteria before you commit funds.
Key checks: Run your real workflow on demo: entries, exits, order changes and margin checks.; Verify platform availability for your region in each broker's current documents.; Cross-reference the Forex Com review, the Ic Markets review and the compare broker tool..
Verdict
There is no universal pick between Forex Com and Ic Markets. Complete the entity, cost and platform verification steps above using each broker's current documents, organise your notes with the InvestorTrip reviews and compare broker tool, and select the broker whose confirmed terms align with your location, instruments and trading routine.