Written by ForexBrokers.com
In this head to head comparison of IC Markets vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 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.
When it comes to online brokerages, IC Markets and FXGT.com offer distinct options for traders. Founded in 2007, IC Markets is well established and holds two Tier-1 licenses, which are considered highly trusted by ForexBrokers.com. FXGT.com entered the scene more recently in 2019 and possesses one Tier-1 license along with one Tier-2 license, marking a contrast in their regulatory setup. Both brokers are private entities and not banks, emphasizing their specialized focus on trading services.
Trustworthiness is a crucial consideration for traders, and IC Markets scores 84 out of 99 on the ForexBrokers.com Trust Score, categorizing it as a trusted broker. In contrast, FXGT.com receives a score of 69, placing it in the high-risk category. This score indicates a notable difference in perceived reliability and security, with IC Markets offering a more reassuring option for those prioritizing trust.
| Feature |
IC Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2007 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
For commissions and fees, IC Markets is the clear cost leader in this matchup. It earns 5 out of 5 stars and ranks #5 out of 63 brokers in the Commissions & Fees category (Best in Class in 2024). FXGT.com scores 3.5 out of 5 stars and ranks #57 out of 63. IC Markets stands out for small effective spreads and a low deposit requirement on its commission accounts, while FXGT.com does not publish average spread data, making apples-to-apples comparisons harder.
IC Markets offers three account types: Standard (spread-only) and two commission-based Raw Spread options (MetaTrader and cTrader). Pricing varies by platform, account, and the entity you open with (Cyprus, Australia, or Seychelles). Typical examples on EUR/USD: the cTrader Raw Spread account averages 0.02 pips plus $3.00 per side per 100k ($6 round turn), for about 0.62 pips all-in; the MetaTrader Raw Spread account is $3.50 per side ($7 round turn), about 0.72 pips all-in; the Standard account averages 0.62 pips with no commission. Active traders (100+ standard lots per month) can receive discounts.
FXGT.com’s lack of published average spreads limits fee transparency. Given its 3.5/5 star rating and #57/63 ranking for commissions and fees by ForexBrokers.com, its pricing trails category leaders. Traders considering FXGT.com should review current quotes, account commissions, and any volume-based discounts before deciding.
| Feature |
IC Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $200 | $5 |
| Average spread (EUR/USD) - Standard account | 0.62 | N/A |
| All-in Cost EUR/USD - Active | 0.62 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing IC Markets vs FXGT.com on range of investments, IC Markets offers far more to trade: 3,583 symbols versus 117 at FXGT.com. Forex coverage is wider at IC Markets with 61 currency pairs compared to 53 at FXGT.com. Both brokers let you trade forex (CFD/spot), provide copy trading, and support cryptocurrency via CFDs; neither offers actual (delivered) crypto. For exchange-traded securities (not CFDs), neither broker gives access to U.S. stocks, but IC Markets does offer some international shares, while FXGT.com does not.
Ratings mirror this gap. For Range of Investments, ForexBrokers.com gives IC Markets 4.5/5 stars and ranks it 26th out of 63 brokers, while FXGT.com earns 3/5 stars and ranks 62nd out of 63. If having more markets and symbols in one place matters to you, IC Markets is the more extensive option; if you only need a smaller set of assets, FXGT.com may fit the bill.
| Feature |
IC Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 117 |
| Forex Pairs (Total) | 61 | 53 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). | 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). |
Dive deeper: Best Copy Trading Platforms.
IC Markets and FXGT.com deliver a very similar lineup of trading platforms and tools. Both brokers offer free demo (paper) trading, Windows desktop downloads, and web-based platforms. Neither provides an in-house platform; instead, each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with copy trading. You can place trades directly from charts with both brokers, making it easier to act on technical setups. Specific counts for built-in indicators and watchlist fields aren’t provided.
In expert reviews, both brokers earn 4 stars for Trading Platforms and Tools, but their rankings differ: IC Markets is placed 16th out of 63 brokers, while FXGT.com sits at 57th. If you want a higher-ranked platform experience within the same MT4/MT5 ecosystem, IC Markets has an edge. If you’re primarily after the familiar MetaTrader suite with demo access, web and desktop options, and chart trading, either broker can fit the bill.
| Feature |
IC Markets
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and FXGT.com both offer mobile trading apps for iPhone and Android. Each app supports price alerts, lets you draw trendlines on charts, and auto-saves your chart drawings. For technical analysis, both include 30 built-in studies, giving traders similar charting tools on the go.
The main difference is watchlists: FXGT.com syncs your watchlist across mobile and your online account, while IC Markets does not. In overall quality, IC Markets earns a 4-star rating and ranks #22 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, whereas FXGT.com holds a 3.5-star rating and ranks #59 out of 63.
| Feature |
IC Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IC Markets offers a fuller research package than FXGT.com. IC Markets provides daily market commentary, top-tier forex news from sources like Bloomberg/Reuters/Dow Jones, and popular research tools from Autochartist and Trading Central. Both brokers include a sentiment tool and an economic calendar. TipRanks is not offered by IC Markets, while FXGT.com’s TipRanks access is not specified; neither broker lists research from Acuity Trading.
In independent testing, IC Markets earned 4 out of 5 stars for Research and ranked #23 of 63 brokers at ForexBrokers.com. FXGT.com received 3 out of 5 stars and ranked #57. If you want daily insights plus institutional-grade news and third-party tools, IC Markets is the stronger choice. If you only need a basic calendar and sentiment gauge, FXGT.com covers the essentials.
| Feature |
IC Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re a beginner comparing online brokers for learning materials, IC Markets stands out over FXGT.com. IC Markets offers a full forex and CFD education library that meets the 10-piece benchmark, spanning articles, videos, and archived webinars. It also hosts ongoing client webinars (at least one per month), and provides 10+ beginner videos to cover the basics along with 10+ advanced videos to help you progress.
FXGT.com’s education is more limited. It does not meet the 10-piece benchmark for dedicated forex/CFD content, does not run monthly educational webinars, and lacks the depth of both beginner and advanced video catalogs found at IC Markets. Reflecting this difference, ForexBrokers.com rates IC Markets 4 stars for Education and ranks it 16th out of 63 brokers, while FXGT.com holds 3 stars and ranks 61st out of 63. For most new traders seeking structured guidance and regular live sessions, IC Markets will feel more supportive; FXGT.com may suit self-starters who only need a few materials.
| Feature |
IC Markets
|
FXGT.com
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than FXGT.com. IC Markets finished with an overall rank of #20, while FXGT.com finished with an overall rank of #59.
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.
| Feature |
IC Markets
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 69 |
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IC Markets and FXGT.com do not support buying actual (delivered) cryptocurrency, but both online brokers offer trading via cryptocurrency CFDs.
Comparing deposit and withdrawal methods, IC Markets supports PayPal, Skrill, and bank wire transfers but not ACH/SEPA, while FXGT.com offers ACH/SEPA transfers, with availability of PayPal, Skrill, Visa/Mastercard, and bank wire options not specified.
Please 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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0 of 5| Overall Rating | IC Markets | FXGT.com | |
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| Trust Score | 84 | 69 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
| Broker Screenshots | IC Markets | FXGT.com | |
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| Regulation | IC Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 84 | 69 | |
| Year Founded | 2007 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IC Markets | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | IC Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 117 | |
| Forex Pairs (Total) | 61 | 53 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). | 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). |
| Cost | IC Markets | FXGT.com | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.62 | N/A | |
| All-in Cost EUR/USD - Active | 0.62 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $200 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | IC Markets | FXGT.com | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | IC Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IC Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | FXGT.com | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IC Markets | FXGT.com | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IC Markets Review |
| Overall | IC Markets | FXGT.com | |
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| Trust Score | 84 | 69 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
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