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IG vs IC Markets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is IG better than IC Markets? In our analysis of 23 international regulators across 39 of the best forex brokers, IG is considered low-risk, with an overall Trust Score of 99 out of 99. IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Overall RatingIGIC Markets
Overall Rating5 Stars4.5 Stars
Commissions & Fees5 Stars5 Stars
Offering of Investments5 Stars4.5 Stars
Platform & Tools5 Stars4 Stars
Mobile Trading5 Stars4 Stars
Research5 Stars4 Stars
Education5 Stars4 Stars
Trust Score9986
Winnercheck_circle
ReviewIG ReviewIC Markets Review
RegulationIGIC Markets
Trust Score9986
Year Founded19742007
Publicly Traded (Listed)YesNo
BankYesNo
Tier-1 Licenses71
Tier-2 Licenses21
Tier-3 Licenses11
Authorised in European UnionYesNo
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)IGIC Markets
ASIC Authorised (Australia)YesYes
IIROC Authorised (Canada)NoNo
SFC Authorised (Hong Kong)NoNo
CBI Authorised (Ireland)NoNo
FSA Authorised (Japan)YesNo
MAS Authorised (Singapore)YesNo
FINMA Authorised (Switzerland)YesNo
FCA Authorised (U.K.)YesNo
CFTC Registered (USA)YesNo
FMA Authorised (New Zealand)YesNo
Tier-2 Licenses (Average Trust)IGIC Markets
CBRC Authorised (China)NoNo
CySEC Authorised (Cyprus)NoYes
SEBI Authorised (India)NoNo
ISA Authorised (Israel)NoNo
CBR Authorised (Russia)NoNo
FSCA Authorised (South Africa)YesNo
SEC Authorised (Thailand)NoNo
DFSA / Central Bank Authorised (UAE)YesNo
Tier-3 Licenses (Low Trust)IGIC Markets
SCB Authorised (Bahamas)NoYes
IFSC Authorised (Belize)NoNo
CIMA Authorised (Cayman Islands)NoNo
BMA Authorised (Bermuda)YesNo
FSC Authorised (British Virgin Islands)NoNo
FSC Authorised (Mauritius)NoNo
VFSC Authorised (Vanuatu)NoNo
InvestmentsIGIC Markets
Forex Trading (Spot or CFDs)YesYes
Tradeable Symbols (Total)195373583
Forex Pairs (Total)10061
U.S. Stock Trading (Non CFD)YesNo
Int'l Stock Trading (Non CFD)YesNo
Social Trading / Copy TradingYesYes
Cryptocurrency (Physical)NoNo
Cryptocurrency (CFD)YesYes
DisclaimersNote: 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).
CostIGIC Markets
Average Spread EUR/USD - Standard0.86 (September 2022)0.62 (August 2021)
All-in Cost EUR/USD - Active0.5957 (September 2022)0.62 (August 2021)
Active Trader or VIP DiscountsYesYes
Execution: Agency BrokerYesYes
Execution: Market MakerYesYes
FundingIGIC Markets
Minimum Initial Deposit£250.00$200
PayPal (Deposit/Withdraw)YesYes
Skrill (Deposit/Withdraw)NoYes
Visa/Mastercard (Credit/Debit)YesYes
Bank Wire (Deposit/Withdraw)YesYes
Trading PlatformsIGIC Markets
Proprietary PlatformYesNo
Desktop Platform (Windows)YesYes
Web PlatformYesYes
Social Trading / Copy TradingYesYes
MetaTrader 4 (MT4)YesYes
MetaTrader 5 (MT5)NoYes
cTraderNoYes
DupliTradeNoNo
ZuluTradeNoYes
Trading ToolsIGIC Markets
Virtual Trading (Demo)YesYes
Alerts - Basic FieldsYesYes
Watchlists - Total Fields147
Charting - Indicators / Studies (Total)3330
Charting - Drawing Tools (Total)2015
Charting - Trade From ChartYesYes
Charts can be savedYesYes
Mobile TradingIGIC Markets
Android AppYesYes
Apple iOS AppYesYes
Mobile Alerts - Basic FieldsYesYes
Mobile WatchlistYesYes
Watchlist SyncingYesNo
Mobile Charting - Indicators / Studies3330
Mobile Charting - Draw TrendlinesYesYes
Mobile Charting - Multiple Time FramesYesYes
Mobile Charting - Drawings AutosaveYesNo
Forex CalendarYesYes
ResearchIGIC Markets
Daily Market CommentaryYesYes
Forex News (Top-Tier Sources)YesYes
AutochartistYesYes
Trading Central (Recognia)NoYes
Social Sentiment - Currency PairsYesYes
Economic CalendarYesYes
EducationIGIC Markets
Has Education - Forex or CFDsYesYes
Client WebinarsYesYes
Client Webinars (Archived)YesYes
Videos - Beginner Trading VideosYesNo
Videos - Advanced Trading VideosYesNo
Investor Dictionary (Glossary)YesYes
Major Forex PairsIGIC Markets
GBP/USDYesYes
USD/JPYYesYes
EUR/USDYesYes
USD/CHFYesYes
USD/CADYesYes
NZD/USDYesYes
AUD/USDYesYes
ReviewIG ReviewIC Markets Review
OverallIGIC Markets
Overall Rating5 Stars4.5 Stars
Commissions & Fees5 Stars5 Stars
Offering of Investments5 Stars4.5 Stars
Platform & Tools5 Stars4 Stars
Mobile Trading5 Stars4 Stars
Research5 Stars4 Stars
Education5 Stars4 Stars
Trust Score9986
Winnercheck_circle
ReviewIG ReviewIC Markets Review
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IG vs IC Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IG vs IC Markets.

Does IG or IC Markets 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 IG or IC Markets 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. IG holds 7 global Tier-1 licenses, while IC Markets holds 1. IG holds 2 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than IC Markets.

Which trading platform is better: IG or IC Markets?

To compare the trading platforms of both IG and IC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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 IG and IC Markets offer MetaTrader 4 (MT4).IG and IC Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while IC Markets has 3583 available CFDs, a difference of 15954.

Can I trust IG?

IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

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).

Is IG good?

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

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.

Overall winner: IG

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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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