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IC Markets vs Spreadex 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
Spreadex
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 71
  • Tradeable Symbols (Total): 10000

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 logoIC Markets
Spreadex logoSpreadex
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 logoIC Markets
Spreadex logoSpreadex
Minimum Deposit info $200 $0
Average Spread EUR/USD - Standard info 0.62 info 0.81 info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IC Markets and Spreadex both let you trade forex as CFDs or spot, and both offer crypto through derivatives (not actual coins). Spreadex lists about 10,000 tradeable symbols, far more than IC Markets’ 3,583, but IC Markets carries 61 forex pairs versus Spreadex’s 52. For shares, neither broker offers U.S.-listed exchange-traded stocks, yet IC Markets does provide access to some international exchange-traded securities (not CFDs), while Spreadex does not. IC Markets also supports copy trading; Spreadex doesn’t.

For range of investments, ForexBrokers.com rates Spreadex 5 stars and ranks it 14th out of 63 brokers, while IC Markets earns 4.5 stars and ranks 26th. Pick Spreadex if you want the widest list of markets in one place; pick IC Markets if you value more forex pairs, access to certain international exchange-traded shares, and copy trading.

Feature IC Markets logoIC Markets
Spreadex logoSpreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 10000
Forex Pairs (Total) info 61 52
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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

IC Markets vs Spreadex: both brokers offer free demo (paper) accounts and web-based trading platforms. IC Markets does not have its own platform, relying on third-party options, while Spreadex provides an in-house platform. If you want a Windows desktop download, IC Markets has one and Spreadex does not. Each earns 4 stars for Trading Platforms and Tools, but IC Markets ranks higher (#16 of 63) than Spreadex (#47 of 63) on ForexBrokers.com.

For tools, IC Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus ZuluTrade for copy trading. Spreadex does not offer MT4/MT5 or copy trading. Both lack DupliTrade. Charting is trader-friendly on both, with trade-from-chart enabled; IC Markets lists 15 drawing tools versus 11 at Spreadex. Watchlists are flexible at both brokers, with 7 fields at IC Markets and 8 at Spreadex. The number of built-in technical indicators was not specified for either broker.

Feature IC Markets logoIC Markets
Spreadex logoSpreadex
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Charting - Indicators / Studies (Total) info 30 58
Charting - Drawing Tools (Total) info 15 11
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 8

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

IC Markets vs Spreadex for mobile trading: both brokers offer iPhone and Android apps, price alerts, and watchlists with real-time quotes. Neither app syncs watchlist symbols between mobile and the online account. For charts, both let you draw trendlines and switch between intraday, daily, and weekly views. IC Markets lists 30 built-in technical studies and auto-saves your chart drawings, while Spreadex doesn’t specify how many studies are available and does not auto-save drawings.

Both apps earn 4 out of 5 stars, but IC Markets places higher in the category, ranking #22 out of 63 brokers on ForexBrokers.com, compared with Spreadex at #47. If you want more built-in indicators and saved annotations, IC Markets has the edge; if you’re fine with core features like alerts and basic charting on iPhone or Android, Spreadex can do the job.

Feature IC Markets logoIC Markets
Spreadex logoSpreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

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 logoIC Markets
Spreadex logoSpreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, IC Markets and Spreadex both offer a solid foundation with a variety of materials like articles, videos, and archived webinars focused on forex and CFDs. Both brokers deliver over ten educational resources for new traders. Where they start to differ is in their approach to webinars and video content. IC Markets excels with monthly online webinars, and a searchable archive of these sessions, providing an ongoing learning platform for clients. In contrast, Spreadex does not offer regular webinars or an archive, which could limit options for those who prefer learning through interactive sessions.

Both IC Markets and Spreadex provide more than ten beginner videos, catering specifically to newcomers navigating the markets. However, IC Markets further supports experienced traders with plenty of advanced video content, an area where Spreadex falls short. For a deeper understanding of trading jargon, both platforms include a detailed investor dictionary. With IC Markets and Spreadex earning similar education ratings of four stars, IC Markets has the edge in rankings, placed at 16 out of 63 brokers compared to Spreadex’s 45th position. This suggests that while both are user-friendly for beginners, IC Markets provides a more comprehensive educational experience for those looking to expand their trading knowledge.

Feature IC Markets logoIC Markets
Spreadex logoSpreadex
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

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 logoIC Markets
Spreadex logoSpreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 84 71
Range of Investments 4.5/5 Stars 5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or Spreadex?

Both IC Markets and Spreadex do not provide the option to buy actual cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

When comparing online brokers, IC Markets offers more diverse deposit and withdrawal options including PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Spreadex provides only Visa, Mastercard, and bank wires, lacking support for PayPal and Skrill.

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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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Overall Rating IC Markets Spreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
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
IC Markets cTrader mobile app charting IC Markets EU cTrader desktop trading platform layout IC Markets webinar IC Your Trade YouTube video series. IC Markets Educational content blog articles.
Spreadex web platform. Spreadex research news headlines market analysis. Spreadex educational article risk management.
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 (SFC 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. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 info 0.62 info 0.81 info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
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
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IC Markets Spreadex
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Trading Tools IC Markets Spreadex
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 8
Charting - Indicators / Studies (Total) info 30 58
Charting - Drawing Tools (Total) info 15 11
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 Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research IC Markets Spreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education IC Markets Spreadex
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs IC Markets Spreadex
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review IC Markets Review Spreadex Review
Overall IC Markets Spreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 71
Winner check_circle
Review IC Markets Review Spreadex Review
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