Best IC Markets Alternatives

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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.

BrokerMinimum DepositAvg Spread EUR/USD
Pepperstone$00.09 pips
XM$50.1 pips
Vantage FX$2000.1 pips
OctaFX$5 ($100 for EU traders)0.7 pips
FXTM$100.1 pips
FP Markets$1000.05 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.

BrokerMinimum DepositCopy Trading Platform
Pepperstone$0DupliTrade, myfxbook
eToro$200WebTrader
Vantage FX$200ZuluTrade, DupliTrade, myfxbook
OctaFX$5 ($100 for EU traders)WebTrader
AvaTrade$100ZuluTrade,DupliTrade
FP Markets$100myfxbook

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.

BrokerMinimum DepositMinimum Bet
Pepperstone$0£0.2
IG Markets$250N/A
Vantage FX$200N/A
AvaTrade$1000.10 per point

>>> How will IC Markets charge clients

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.

BrokerMinimum DepositNumber of allocation methods
Pepperstone$03
Vantage FX$2001 (equity)
FP Markets$1003

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.

BrokerDemo trialMinimum deposit for a live account
XMUnlimited$5
eToroUnlimited$200
IG MarketsUnlimited$250
Plus500Unlimited$100
Vantage FXUnlimited$200
OctaFXUnlimited$5 ($100 for EU traders)
FXTMUnlimited$10
FP MarketsUnlimited$100

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

FeatureMinimum DepositUnlimited DemoLow Spread- ScalpingSpread BettingExecution
IC Markets$0YesYesNoECN
Pepperstone$0NoYesYesECN/STP
eToro$200YesNoNoSTP
XM$5YesYesNoMarket Maker
IG Markets$250YesNoYesMarket Maker
Plus500$100YesNoNoMarket Maker
Vantage FX$200YesYesYesECN/STP
OctaFX$5 ($100 for EU traders)YesYesNoECN-DMA
AvaTrade$100NoNoYesMarket Maker
FXTM$10YesYesNoECN
FP Markets$100YesYesNoECN/STP-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.

>>> User Guide Ic Markets

>>> IC Markets Minimum Deposit Guide

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