After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Admiral Markets vs IC Markets.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. IC Markets is a better option with a 4.00 star rating over Admiral Markets's 3.50 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Admiral Markets alongside IC Markets are regulated in a major hub. Neither Admiral Markets and IC Markets are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. IC Markets offers its clients access to 63 different currency pairs while Admiral Markets has 55 available pairs, a difference of 8.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Admiral Markets and IC Markets both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both Admiral Markets and IC Markets provide clients with access to 31 total charting tools. Both Admiral Markets and IC Markets provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Admiral Markets and IC Markets hold a 4.00 star rating. And, when it comes to individual category awards, Admiral Markets finished with awards Best in Class - Investor Education in 2018, while IC Markets came up with none of these.