Compare IC Markets vs FXTM
What is IC Markets? What is FXTM?
IC Markets and FXTM are both online forex and CFD brokers that allow clients to trade in various financial instruments, including forex, stocks, commodities, and cryptocurrencies.
IC Markets vs FXTM Overall Comparison
Overall, both brokers provide competitive trading conditions and offer various account types and trading platforms. However, IC Markets is generally preferred by more experienced traders due to its lower trading fees and wider range of assets, while FXTM is more beginner-friendly and offers more educational resources.
IC Markets vs FXTM Regulation Comparison
FXTM offers more educational resources, including webinars, e-books, and a trading academy, while IC Markets primarily offers market analysis and news. However, IC Markets does offer a demo account that allows traders to practice trading with virtual funds.
IC Markets vs FXTM Trading Assets Comparison
IC Markets offers a wider range of trading assets, including over 230 forex pairs, metals, commodities, and indices, while FXTM offers over 60 currency pairs and a limited selection of commodities and shares.
IC Markets vs FXTM Trading Fees Comparison
IC Markets generally has lower trading fees compared to FXTM, with spreads as low as 0.0 pips on major currency pairs, while FXTM’s spreads are slightly higher but still competitive. Both brokers charge a commission on some account types.
IC Markets vs FXTM Account Types Comparison
Both brokers offer various account types to suit different traders’ needs, including standard accounts, ECN accounts, and Islamic accounts. However, IC Markets has a wider range of account types, including raw spread accounts and social trading accounts.
IC Markets vs FXTM Trading Conditions Comparison
Both brokers offer competitive trading conditions, including high leverage levels, fast trade execution speeds, and negative balance protection. However, IC Markets has a slight edge due to its lower trading fees and wider range of assets.
IC Markets vs FXTM Deposit Options Comparison
Both brokers offer multiple deposit and withdrawal options, including bank transfer, credit/debit cards, and e-wallets. However, FXTM offers more local payment methods.
IC Markets vs FXTM Trading Platforms Comparison
Both brokers offer popular trading platforms like MetaTrader 4 and MetaTrader 5, as well as their own proprietary trading platforms. However, IC Markets also offers cTrader, which is a platform favored by some traders due to its advanced charting and trading tools.
IC Markets vs FXTM Analytical Tools Comparison
Both brokers offer various analytical tools and resources, including technical analysis indicators, economic calendars, and market news. FXTM also offers AutoChartist, a powerful chart pattern recognition tool.
IC Markets vs FXTM Educational Resources Comparison
FXTM offers more educational resources, including webinars, e-books, and a trading academy, while IC Markets primarily offers market analysis and news. However, IC Markets does offer a demo account that allows traders to practice trading with virtual funds.
Which offers better pricing – IC Markets or FXTM
IC Markets generally offers better pricing than FXTM with their ultra-low spreads and lower trading fees. However, FXTM’s pricing is also competitive and both brokers have variable spreads, so it ultimately depends on the trader’s preferences.
Which broker offers more security when trading Forex and CFDs?
Both IC Markets and FXTM are reputable brokers that are regulated by respected financial authorities. IC Markets is regulated by ASIC and FSA, while FXTM is regulated by FCA, CySEC, and FSCA, among others. Both brokers also have negative balance protection and use advanced security measures to protect clients’ funds and data.
Which broker offers the superior trading platform?
The superior trading platform can be subjective, depending on a trader’s needs and preferences. However, both IC Markets and FXTM offer popular and reliable trading platforms like MetaTrader 4 and MetaTrader 5, as well as their own proprietary platforms. IC Markets also offers cTrader, which provides more advanced charting tools and features.
Do these brokers both offer MetaTrader?
Yes, both IC Markets and FXTM offer MetaTrader 4 and 5, which are popular and widely used trading platforms in the forex and CFD industry.
How many Forex pairs can you expect from these brokers?
IC Markets offers over 230 forex pairs, while FXTM offers over 60 currency pairs. IC Markets also offers a wider range of other assets such as metals, commodities and indices.
Is it safe to trade with IC Markets?
Yes, it is generally considered safe to trade with IC Markets. IC Markets is a reputable broker that is regulated by ASIC and FSA. They also use advanced security measures to protect clients’ funds and data.
Is it safe to trade with FXTM?
Yes, it is generally considered safe to trade with FXTM. FXTM is a reputable broker that is regulated by multiple respected financial authorities, including FCA, CySEC, and FSCA. They also take the protection of clients’ funds and data seriously and use advanced security measures.
Is IC Markets a good broker?
Yes, IC Markets is generally considered a good broker due to their competitive trading conditions, reliable trading platforms, and strong regulatory oversight. They have also won multiple awards for their services and offerings.
Is FXTM a good broker?
Yes, FXTM is generally considered a good broker due to their beginner-friendly approach, wide range of educational resources, and competitive trading conditions. They have also won multiple awards and have a strong regulatory footing.
IC Markets vs FXTM. Which forex broker is better? Which forex broker should you choose?
Choosing between IC Markets and FXTM depends on the individual trader’s needs and preferences. Both brokers offer competitive trading conditions, reliable trading platforms, and strong regulatory oversight. Here are some factors to consider when choosing between the two:
- Trading fees: IC Markets generally has lower trading fees, including ultra-low spreads and reduced commissions on some account types. FXTM’s fees are also competitive, but slightly higher than IC Markets.
- Asset selection: IC Markets offers a wider range of trading instruments including over 230 forex pairs, metals, commodities, and indices, while FXTM offers over 60 currency pairs and a limited selection of commodities and shares.
- Educational resources: FXTM offers more educational resources, including webinars, e-books, and a trading academy, while IC Markets primarily offers market analysis and news. However, IC Markets does offer a demo account that allows traders to practice trading with virtual funds.
- Trading platform: Both brokers offer popular trading platforms like MetaTrader 4 and 5, as well as their own proprietary trading platforms. IC Markets also offers cTrader, which provides more advanced charting tools and features.
- Regulatory oversight: IC Markets is regulated by ASIC and FSA, while FXTM is regulated by FCA, CySEC, and FSCA, among others. Both brokers have a strong regulatory footing and utilize advanced security measures to protect clients’ funds and data.
Ultimately, it’s important to compare and consider all relevant factors carefully when making a decision between IC Markets and FXTM, and choose the one that best meets your individual needs and preferences as a trader.
