IC Markets vs Spreadex 2025

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.

Regulation

IC Markets and Spreadex are both online brokers that offer a range of financial services but differ considerably when it comes to their regulatory frameworks. Founded in 2007, IC Markets is considered a trusted broker by ForexBrokers.com with a Trust Score rating of 84 out of 99. This score reflects its possession of two Tier-1 licenses, which indicates a high level of trust in the financial industry. While IC Markets is not publicly traded nor a bank, it has managed to establish a reputation for reliability in a relatively short period.

Spreadex, founded in 1999, holds a Trust Score rating of 71 on ForexBrokers.com, placing it in the average risk category. Despite its longer presence in the market, Spreadex has only one Tier-1 license. Like IC Markets, it is neither publicly traded nor a bank. While both brokers are not listed on a stock exchange, their differing levels of regulatory oversight suggest IC Markets may offer more assurance when it comes to trustworthiness.

Feature	IC Markets	Spreadex
Year Founded info	2007	1999
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	2	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	3	0

Fees

IC Markets generally undercuts Spreadex on trading costs. In our data, IC Markets earned 5/5 stars for Commissions & Fees and ranks #5 out of 63 brokers (Best in Class winner in 2024), while Spreadex holds 4/5 stars and ranks #28/63. On EUR/USD, IC Markets’ all‑in costs can be as low as 0.62 pips, whereas Spreadex averaged 0.81 pips in January 2024 (with a 0.6‑pip minimum reached 60% of the time). If your priority is the lowest possible spread and you trade actively, IC Markets is usually the cheaper choice.

IC Markets offers three account types: Standard (spread‑only, no commission) and two commission accounts—Raw Spread on MetaTrader (MT4/MT5) and cTrader Raw Spread. Commissions are $3.0 per side per 100,000 units ($6 round turn) on cTrader and $3.5 per side ($7 round turn) on MetaTrader. IC Markets lists an average raw spread of 0.02 pips on EUR/USD (Aug 2022); adding commission brings the all‑in to about 0.62 pips on cTrader or 0.72 pips on MetaTrader. The Standard account averages about 0.62 pips with no commission. Spreads can vary by platform, account type, and the IC Markets entity you use (EU/Cyprus, Australia, or Seychelles). Active traders (100+ lots/month) can qualify for discounts, and the commission accounts have a low minimum deposit.

Spreadex keeps pricing straightforward with spread‑only trading. In January 2024, the average EUR/USD spread was 0.81 pips, with a 0.6‑pip minimum achieved 60% of the month. That’s competitive, but typically higher than IC Markets’ best all‑in pricing on its Raw accounts. Summary: IC Markets (5/5 stars; #5/63) is geared to traders seeking ultra‑tight spreads and volume discounts, while Spreadex (4/5 stars; #28/63) offers simple, consistent spreads that may appeal if you prefer no‑commission pricing.

Feature	IC Markets	Spreadex
Minimum Deposit info	$200	$0
Average spread (EUR/USD) - Standard account info	0.62 info	0.81 info
All-in Cost EUR/USD - Active info	0.62 info	N/A info
Non-wire bank transfer info	No	No
PayPal (Deposit/Withdraw) info	Yes	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

IC Markets vs Spreadex: both let you trade forex (CFD/spot) and offer crypto via CFDs, but neither lets you buy actual cryptocurrency. Spreadex lists about 10,000 tradeable symbols, far more than IC Markets’ 3,583, though IC Markets offers more forex pairs (61 vs 52). For shares, neither broker lets you buy U.S. stocks outright, and only IC Markets offers some exchange-traded international shares (non-CFD). Copy trading is available at IC Markets; Spreadex doesn’t offer it.

For Range of Investments, Spreadex is rated 5/5 and ranks #14 of 63 brokers, while IC Markets is rated 4.5/5 and ranks #26. Choose Spreadex if you want the widest overall selection of instruments; pick IC Markets if you value a deeper forex lineup, copy trading, and the option to own certain international shares directly.

Feature	IC Markets	Spreadex
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	3583	10000
Forex Pairs (Total) info	61	52
U.S. Stocks (Shares) info	No	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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.

Trading platforms and tools

Comparing IC Markets vs Spreadex for trading platforms and tools, the two brokers take different paths. IC Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offers a Windows desktop download and a web platform, and includes copy trading plus the ability to place orders directly from charts. It does not have a proprietary platform, but it does provide a free demo account for simulated trading. Spreadex, on the other hand, offers its own proprietary web-based platform with trading from charts and a free demo account, but it does not provide a Windows desktop download, MT4, MT5, or copy trading.

Both brokers earned 4 stars for Trading Platforms and Tools, yet their rankings differ: IC Markets is ranked #16 out of 63 brokers by ForexBrokers.com, while Spreadex is #47. In simple terms, IC Markets is a better fit for traders who want MT4/MT5, a desktop option, and copy trading, whereas Spreadex suits those who prefer a broker-built web platform with straightforward chart-based order entry.

Feature	IC Markets	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
Charting - Indicators / Studies (Total) info	30	58
Charting - Trade From Chart info	Yes	Yes

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Forex trading apps

IC Markets vs Spreadex for mobile trading: both brokers offer iPhone and Android apps and support stock and forex price alerts. Neither app currently syncs watchlists with the web platform. For charting, IC Markets lists 30 technical studies in its mobile app, while Spreadex does not publish a number. Both let you draw trendlines, but only IC Markets auto-saves your drawings between sessions; Spreadex does not.

In independent reviews of mobile trading apps, both IC Markets and Spreadex earn 4 out of 5 stars. That said, in ForexBrokers.com’s rankings of 63 brokers, IC Markets places #22 while Spreadex is #47. If you want more technical study choices and drawings that stay put, IC Markets’ mobile app may suit you better. If you only need alerts, trendlines, and basic charting on the go, Spreadex’s app can still do the job.

Feature	IC Markets	Spreadex
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	No	No
Mobile Charting - Indicators / Studies info	30	N/A
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No

Dive deeper: Best Forex Trading Apps.

Market research

IC Markets and Spreadex both deliver strong market research for everyday traders. Each broker publishes daily market commentary and streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. You’ll find Autochartist available at both for scanning trade ideas, plus a handy sentiment tool that shows the share of long vs. short positions. Both also include an economic calendar to track key events. Neither broker offers research from TipRanks or Acuity Trading.

The main difference is Trading Central: IC Markets provides this popular technical analysis suite, while Spreadex does not. Despite sharing a 4-star research rating, IC Markets holds a higher category rank from ForexBrokers.com (#23 vs. Spreadex at #32). If Trading Central matters to your workflow—or you want the broker with the stronger ranking—IC Markets has a slight edge. Otherwise, both are solid picks for news, commentary, and idea generation.

Feature	IC Markets	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	Yes	Yes
Trading Central info	Yes	No
Client sentiment data info	Yes	Yes
TipRanks info	No	No
Acuity Trading info	No	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

IC Markets and Spreadex both provide forex and CFD education that meets the baseline of at least 10 learning pieces. Each offers 10+ beginner videos, making it easy to get started. IC Markets goes further with at least 10 advanced videos and runs client webinars at least once a month; Spreadex does not host monthly webinars and lacks a comparable advanced video catalog. While both earn 4 out of 5 stars for Education, ForexBrokers.com ranks IC Markets higher (#16 of 63) than Spreadex (#45 of 63).

For beginners, that means IC Markets can carry you from first steps to more complex strategies, with live sessions to ask questions along the way. If you only need a straightforward set of beginner videos and plan to learn at your own pace without webinars, Spreadex covers the essentials, but IC Markets offers a fuller learning path.

Feature	IC Markets	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than Spreadex. IC Markets finished with an overall rank of #20, while Spreadex finished with an overall rank of #39.

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	Spreadex
Overall Rating info
Trust Score info	84	71
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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Overall Rating	IC Markets	Spreadex
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	84	71
Winner	check_circle
Review	IC Markets Review	Spreadex Review

Broker Screenshots	IC Markets	Spreadex
Broker Gallery (click to expand) info

Regulation	IC Markets	Spreadex
Trust Score info	84	71
Year Founded info	2007	1999
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	No info
Tier-1 Licenses info	2	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	3	0

Tier-1 Licenses (Highly Trusted)	IC Markets	Spreadex
Australia (ASIC Authorised) info	Yes	No
Canada (CIRO Authorised) info	No	No
Hong Kong (SFC Authorised) info	No	No
Japan (FSA Authorised) info	No	No
Singapore (MAS Authorised) info	No	No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info	No	Yes
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	No info

Tier-2 Licenses (Trusted)	IC Markets	Spreadex
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	No	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info

Investments	IC Markets	Spreadex
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	3583	10000
Forex Pairs (Total) info	61	52
U.S. Stocks (Shares) info	No	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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	Spreadex
Average spread (EUR/USD) - Standard account info	0.62 info	0.81 info
All-in Cost EUR/USD - Active info	0.62 info	N/A info
Inactivity Fee info	No	No
Order execution: Agency info	Yes	No
Order execution: Market Maker info	Yes	Yes

Funding	IC Markets	Spreadex
Minimum Deposit info	$200	$0
PayPal (Deposit/Withdraw) info	Yes	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes
Non-wire bank transfer info	No	No

Trading Platforms	IC Markets	Spreadex
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
cTrader info	Yes	No

Trading Tools	IC Markets	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	30	58
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	IC Markets	Spreadex
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	No	No
Mobile Charting - Indicators / Studies info	30	N/A
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No
Mobile Research - Economic Calendar info	Yes	Yes

Research	IC Markets	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	Yes	Yes
Trading Central info	Yes	No
TipRanks info	No	No
Client sentiment data info	Yes	Yes
Economic Calendar info	Yes	Yes

Education	IC Markets	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	IC Markets	Spreadex
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	IC Markets Review	Spreadex Review

Overall	IC Markets	Spreadex
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	84	71
Winner	check_circle
Review	IC Markets Review	Spreadex Review