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IC Markets vs Forex.com

Head-to-head comparison of fees, platforms, regulation, and trading conditions to help you choose the right EU broker in 2026.

IM
IC Markets
Est. 2007 · Sydney, Australia
9.4
VS
F
Forex.com
Est. 2001 · New York, USA
8.4

Quick Verdict

IC Markets
6 categories won
Tied
0 categories
Forex.com
1 categories won

IC Markets scores higher overall at 9.4/10 vs 8.4/10.

Score Comparison

OverallIC Markets wins
IC Markets9.4
Forex.com8.4
Fees & CostsIC Markets wins
IC Markets9.6
Forex.com8.5
PlatformsIC Markets wins
IC Markets9.5
Forex.com8.3
RegulationIC Markets wins
IC Markets9.2
Forex.com9.0
ExecutionIC Markets wins
IC Markets9.7
Forex.com8.5
SupportIC Markets wins
IC Markets8.8
Forex.com8.0
EducationForex.com wins
IC Markets7.5
Forex.com8.2
InstrumentsIC Markets wins
IC Markets9.0
Forex.com8.0

Trading Conditions

ConditionIC MarketsForex.com
Min Deposit$200$100
EUR/USD Spread0.0 pips (Raw), 0.6 pips (Standard)0.0 pips (Raw), 1.0 pips (Standard)
Commission$3.50 per lot per side (Raw), None (Standard)$5 per 100K (Raw), None (Standard)
Leverage (Retail)30:130:1
Leverage (Pro)500:1400:1
Swap-FreeYesNo
Withdrawal FeeFree (bank transfer may incur fees from bank)Free (1 per month, then $25)

Platform Comparison

IC Markets Platforms

  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
Account Types:

Standard, Raw Spread, cTrader Raw

Forex.com Platforms

  • Forex.com Platform
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
Account Types:

Standard, MetaTrader, Raw Pricing, DMA

Regulation & Safety

IC Markets Regulation

CySECCyprusASICAustraliaFSASeychelles
ESMA CompliantYes
Neg. Balance ProtectionYes
Segregated FundsYes
Compensation Scheme

ICF (Investor Compensation Fund) up to EUR 20,000

Forex.com Regulation

CySECCyprusFCAUKNFAUSAASICAustralia
ESMA CompliantYes
Neg. Balance ProtectionYes
Segregated FundsYes
Compensation Scheme

ICF up to EUR 20,000

Overall Verdict

WinnerIC Markets9.4

IC Markets takes the overall win with a score of 9.4 vs 8.4, winning 6 out of 7 individual categories compared to Forex.com's 1.

In terms of costs, IC Markets also leads on fees. On the regulatory front, IC Markets and offers stronger regulatory protection.

Choose IC Markets if you prioritise its strengths in the categories where it leads. Choose Forex.com if you value the specific areas where it scores higher, such as education.

CFD Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.