IC Markets is an online broker that has carved a niche for itself in terms of delivering value for money and top-notch financial services. With serving a wide range of traders across the world. The broker is a household name as far as the FX market is concerned.
You can read the IC Markets review that we wrote for an in-depth overview of the services offered by this broker. Yet, there are IC Markets alternatives that still deliver almost similar services. If you’re interested in any of the alternatives, you won’t go wrong reading through this post.
IC Markets Low Spread Alternatives
IC Markets is an online broker that offers low spread trading. Hence, you need an alternative that offers something similar or better than IC Markets. You can read our guide on the Top 10 Lowest Spread Forex Brokers to help you make an informed decision. The table below shows the best 6 IC Markets is in terms of low spread.
|Broker||Minimum Deposit||Avg Spread EUR/USD|
|Vantage FX||$200||0.1 pips|
|OctaFX||$5 ($100 for EU traders)||0.7 pips|
|FP Markets||$100||0.05 pips|
IC Markets Copy Trading Alternatives
Copy trading is one of the trading strategies for beginners or newbies. The strategy involves “copying” the trading steps or ideas of expert traders and implementing the same to make a profit. In essence, if the professional trader you are copying from makes a profit, you’ll also make a profit depending on the amount you traded with.
Conversely, if the professional trader loses, you will also suffer a loss. You can read our guide on the Top 10 Copy Trading Best Platforms to enable you to make an informed decision.
|Broker||Minimum Deposit||Copy Trading Platform|
|Vantage FX||$200||ZuluTrade, DupliTrade, myfxbook|
|OctaFX||$5 ($100 for EU traders)||WebTrader|
IC Markets Spread Betting Alternatives
The table below shows the best 4 IC Markets alternatives for spread betting. We selected these brokers after thorough research of their operations and activities.
Meanwhile, you can also read our Top 10 Uk Spread Betting Forex Brokers for an in-depth knowledge of what it takes for a broker to make it to this list.
|Broker||Minimum Deposit||Minimum Bet|
|AvaTrade||$100||0.10 per point|
IC Markets MAM/PAMM Alternatives
Trading with MAM and PAMM managed accounts may be the magic you need to improve your financial situation. For the best IC Markets alternatives for MAM/PAMM, you can read our Top 10 Pamm Forex Brokers.
|Broker||Minimum Deposit||Number of allocation methods|
|Vantage FX||$200||1 (equity)|
IC Markets Unlimited demo Alternatives
Using a demo account to trade the FX market cannot be overemphasized. It has a lot of advantages. Aside from not earning real money, you will understand the nitty gritty of the market without the risk of losing your money.
You can read our guide on the Top 10 Best Forex Demo Account to work with. The table below shows 8 IC Markets alternatives in terms of demo account.
|Broker||Demo trial||Minimum deposit for a live account|
|OctaFX||Unlimited||$5 ($100 for EU traders)|
Choosing a IC Markets alternatives: main perks and characteristics
IC Markets is an ECN broker. It is highly regulated; meaning, your funds and earnings are safe and secure. With 0$, you can open a trading account to start earning income. You also enjoy an unlimited demo account.
It supports fast execution and very low spreads from 0 pips with a very low commission (from $3), ideal for scalping. Plus, IC Markets offers plenty of base account currencies, including USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
IC Markets supports PAMM Account with 10 allocation methods, and Copy trading through ZuluTrade, depending on your position. That’s not all; IC Markets has a great education and support section. You can take a look at our IC Markets review for more information about this broker.
What is IC Markets missing?
Despite the huge benefits that IC Markets offers, it is still lacking in a few things. Check the top 10 best forex brokers to know what are the best brokers in the world.
- IC Markets lacks fca regulation
- It is not available in the USA
- It is not available in Canada
- It doesn’t support Spread betting
- It doesn’t support Fixed spreads.
IC Markets Alternatives Comparison
|Feature||Minimum Deposit||Unlimited Demo||Low Spread- Scalping||Spread Betting||Execution|
|IG Markets||$250||Yes||No||Yes||Market Maker|
|OctaFX||$5 ($100 for EU traders)||Yes||Yes||No||ECN-DMA|
IC Markets alternatives FAQ
What is IC Markets’ best alternative?
The best IC Markets alternative goes to Pepperstone. Also, going into specific, the best IC Markets alternative for scalping, spread betting, and PAMM Account functionalities is still Pepperstone. However, the best IC Markets alternative for copy trading is eToro. Then, the best IC Markets alternative for unlimited demo account features is IG Markets.