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IC Markets vs FXOpen

IC Markets or FXOpen – which is better for UK traders 2026? Compare IC Markets and FXOpen in this detailed breakdown of their platforms, features and fees.

IC Markets vs FXOpen Comparison Table 2026
IC Markets	FXOpen

Not Rated	3.7
IC Markets is ranked # among .	FXOpen is ranked #24 among CFD brokers.
	Review
IC Markets has closed or no longer accepts UK clients.	Founded in 2005, FXOpen is a well-regulated broker that has drawn over one million traders. Tailored for active trading, it offers a diverse range of over 700 markets. The platform facilitates high-frequency trading, scalping, and various algorithmic strategies through the use of expert advisors (EAs).
Pros
	FXOpen integrated TradingView in 2022 and enhanced its TickTrader platform in 2024. This upgrade delivers Level 2 pricing, over 1,200 trading instruments, and sophisticated order options. The platform appeals to both seasoned and high-frequency traders. FXOpen significantly cut FX spreads by over 40% in 2022. In 2023, they launched commission-free index trading. These changes make trading more economical for traders. In 2024, FXOpen simplified its account options. Traders now benefit from ECN accounts with raw spreads starting at 0.0 pips. The platform offers rapid execution and reduced commissions for those with high trading volumes, enhancing user experience.
Cons
	Though FXOpen remains a trusted broker with authorizations from the FCA and CySEC, it lost its ASIC license in 2024 due to 'serious concerns.' Consequently, it no longer accepts traders from Australia. FXOpen's educational resources are quite limited, with a scarcity of courses and webinars commonly available at brokers such as IG. This deficiency may deter novice traders looking to enhance their understanding. Even with an expanded asset portfolio, FXOpen provides a more limited selection of global stocks, commodities, and cryptocurrencies compared to the leading firm BlackBull. This results in fewer diverse trading opportunities for traders.
Awards
	Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards
FCA Regulated
	Yes
Instruments
	CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
Demo Account
	Yes
Minimum Deposit
	$100
Payment Methods
	ADVcash Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
	0.01 Lots
Regulator
	FCA, CySEC, FC
Mobile Apps
	iOS & Android
Trading App
	The FXOpen Trading App offers a user-friendly experience for trading over 700 global markets. It provides real-time data, level 2 pricing, live charts, and financial news. Over the years, it has achieved one of the highest ratings on the Android app store, reflecting its superior user interface.
iOS App Rating
	5
Android App Rating
	5
Margin Trading
	Yes
MetaTrader 4
	Yes
MetaTrader 5
	Yes
cTrader
	No
AlgoTrader
	No
OmniTrader
	No
TradingView
	Yes
Autochartist
	No
eSignal
	No
Trading Central
	No
STP Account
	Yes
ECN Account
	Yes
DMA Account
	Yes
MAM Account
	No
PAMM Account
	Yes
LAMM Account
	No
Demat Account
	No
AI / Machine Learning
	No
Robo Advisor
	No
Negative Balance Protection
	Yes
Market Maker
	No
P2P Trading
	No
Spot Trading
	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
	Yes
Copy Trading Platform
	FXOpen's PAMM Copy Trading service enables investors to replicate the strategies of seasoned traders. It offers a clear, performance-focused system with flexibility, automated profit-sharing, and thorough account management.
Social Trading
	No
Trade Signals
	Yes
VPS Hosting
	Yes
Tournaments
	Yes
Demo Competitions
	Yes
Ethical Investing
	No
Custodial Account
	No
Guaranteed Stop Loss
	No
Inactivity Fee
	$10
Islamic Account
	Yes
Account Currencies
	USD EUR GBP AUD JPY CHF SGD RUB
Commodities
	Gold Silver Oil Natural Gas
CFD
	FXOpen offers an impressive array of CFDs, including over 700 assets like stocks, indices, currencies, commodities, cryptocurrencies, and a wider selection of ETFs. Since 2022, the inclusion of TradingView and enhancements to the TickTrader platform have equipped traders with superior tools. FXOpen thus delivers a comprehensive trading experience.
Leverage
	1:30 (EU, UK), 1:1000 (Global)
FTSE Spread
	0.7
GBPUSD Spread<
	0.4
Oil Spread
	0.04
Stocks Spread
	0.40 (Apple)
Forex
Assets
	50+
GBPUSD Spread
	0.4
EURUSD Spread
	0.2
EURGBP Spread
	0.5
Cryptocurrency
	FXOpen provides more than 40 cryptocurrency CFDs, featuring both crypto-only pairs and those paired with traditional currencies like GBP, USD, and JPY. Traders can leverage their crypto CFD trades at a ratio of 1:2. There are three types of orders available: market, limit, and stop, and scripts are on hand for automated trading.
Spread
	9.0 (BTC)
Coins
	BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO
Crypto Lending
	No
Crypto Mining
	No
Crypto Staking
	No
Auto Market Maker
	No

IC Markets	FXOpen
	Review
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