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IC Markets vs FlowBank 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is IC Markets better than FlowBank? In our analysis of 23 international regulators across 62 of the best forex brokers, IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. FlowBank is considered average-risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score.

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Overall RatingIC MarketsFlowBank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 77
Winner check_circle
Review IC Markets Review FlowBank Review
RegulationIC MarketsFlowBank
Trust Score 86 77
Year Founded 2007 2020
Publicly Traded (Listed) No No
Bank No Yes
Authorised in European Union No info No info
Tier-1 Licenses 1 1
Tier-2 Licenses 1 0
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)IC MarketsFlowBank
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No Yes
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)IC MarketsFlowBank
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)IC MarketsFlowBank
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsIC MarketsFlowBank
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3583 408600
Forex Pairs (Total) 61 51
U.S. Stock Trading (Non CFD) No Yes
Int'l Stock Trading (Non CFD) No Yes
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIC MarketsFlowBank
Average Spread EUR/USD - Standard 0.62 info N/A info
All-in Cost EUR/USD - Active 0.62 info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingIC MarketsFlowBank
Minimum Deposit $200 $0.00
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes No
Visa/Mastercard (Credit/Debit) Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsIC MarketsFlowBank
Proprietary Platform No Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader Yes No
DupliTrade No No
ZuluTrade Yes No
Trading ToolsIC MarketsFlowBank
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 37
Charting - Drawing Tools (Total) 15 17
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingIC MarketsFlowBank
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 5
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
ResearchIC MarketsFlowBank
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationIC MarketsFlowBank
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos No Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes No
Major Forex PairsIC MarketsFlowBank
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review IC Markets Review FlowBank Review
OverallIC MarketsFlowBank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 77
Winner check_circle
Review IC Markets Review FlowBank Review
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IC Markets vs FlowBank Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs FlowBank.

Does IC Markets or FlowBank offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.

Is IC Markets or FlowBank safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both IC Markets and FlowBank hold 1 global Tier-1 licenses. IC Markets holds 1 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, IC Markets earned a higher Trust Score than FlowBank.

Which trading platform is better: IC Markets or FlowBank?

To compare the trading platforms of both IC Markets and FlowBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, IC Markets offers superior market research. Finally, we found FlowBank to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both IC Markets and FlowBank offer MetaTrader 4 (MT4).IC Markets and FlowBank both offer copy trading.

How many forex pairs and CFDs are available to trade?

IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to FlowBank's 51 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while IC Markets has 3583 available CFDs, a difference of 405017.

Can I trust IC Markets?

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust FlowBank?

FlowBank operates a regulated Swiss bank, and is authorised by one tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Is IC Markets good?

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Is FlowBank good?

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

Overall winner: IC Markets

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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