IC Markets vs Global Prime

IC Markets or Global Prime – which is better for UK traders 2025? Compare IC Markets and Global Prime in this detailed breakdown of their platforms, features and fees.

IC Markets vs Global Prime Comparison Table 2025
IC Markets Global Prime
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4.8
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3.8
IC Markets is ranked #5 among CFD brokers. Global Prime is ranked #56 among CFD brokers.
IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations. Global Prime, a fully regulated trading broker, provides access to over 150 markets. Traders can begin with a minimum deposit of $200 and utilise leverage up to 1:100. Renowned for its reliability, the company holds a strong reputation and is licensed by ASIC.
Pros
  • IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders.
  • As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience.
  • In 2025, IC Markets earned DayTrading.com's accolade for 'Best MT4/MT5 Broker' due to its top-tier MetaTrader integration. This achievement highlights the broker's continuous refinement over the years to enhance the platform experience.
  • IC Markets provides reliable 24/5 support, especially for account and funding queries, drawing from direct experience.
  • Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
  • Comprehensive investment options offering over 150 assets, including cryptocurrencies.
  • Benefit from rapid execution speeds starting at 10ms.
  • Diverse deposit methods available without any charges.
  • Segregated client funds refer to the practice where a trader's assets are maintained separately from the brokerage's. This ensures trader funds are protected and reduces risk. Under this system, a trader can have confidence that their money won't be used to cover the firm's financial obligations. This separation is crucial for maintaining trust and transparency in trading activities. Such practices uphold regulatory compliance, safeguarding client interests.
  • Round-the-clock customer support
  • £0 initial deposit
  • Trade Receipts
  • ECN account
  • Sure, here's a revised version: --- Utilising a Virtual Private Server (VPS) can significantly enhance a trader's performance. Traders benefit from improved speed and stability, reducing the risk of delays and technical issues. A VPS allows for uninterrupted trading, even during unexpected power outages or internet disruptions. It also provides a secure environment, protecting sensitive financial data. Additionally, traders can access their accounts globally, ensuring they have the flexibility needed to react to market changes swiftly. Overall, incorporating a VPS into your trading strategy can lead to more efficient and secure operations.
Cons
  • IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes.
  • The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.
  • Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals.
  • Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
  • Interest is not paid on idle cash, a feature gaining popularity with alternatives such as Interactive Brokers.
  • Clients from the United States and Canada are ineligible.
  • The selection of account types is limited.
  • No integration with MetaTrader 5.
Awards
  • Best MT4/MT5 Broker 2025 - DayTrading.com
  • Best MT4/MT5 Broker 2023 - DayTrading.com
  • Best Forex Broker 2022 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Trading App 2020 - DayTrading.com
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto Forex, indices, commodities, cryptocurrencies, shares, bonds
Demo Account
Yes Yes
Minimum Deposit
$200 A$200
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, FSA, CMA ASIC, VFSC, FSA
Mobile Apps
iOS & Android iOS & Android
Trading App

IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView  platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive.

iOS App Rating
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3.1
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4.8
Android App Rating
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4.2
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4.6
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No Yes
eSignal
No No
Trading Central
Yes No
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade Yes
Copy Trading
Yes Yes
Copy Trading Platform
Introduced in February 2023, the IC Social app provides an easy platform for learning, sharing, and replicating the trades of other traders with minimal effort. The app also includes risk management features and supports specialised trading groups. Alternatively, IC Markets offers access to Signal Start and popular third-party copy trading platforms like ZuluTrade and cTrader Copy. Engage with and replicate the trades of seasoned investors using Global Prime's unique copy trading service. You can mirror over 40 diverse strategies on the widely-used Myfxbook Autotrade platform.
Social Trading
Yes Yes
Trade Signals
Signal Start
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • SGD
Commodities
  • Gold
  • Oil
  • Silver
  • Orange Juice
  • Cocoa
  • Coffee
  • Corn
  • Soybeans
  • Sugar
  • Wheat
  • Natural Gas
  • Gold
  • Copper
  • Oil
CFD
Trade over 2,250 CFDs anytime from Monday to Friday across key markets, including forex, commodities, indices, stocks, and bonds. IC Markets leverages deep liquidity and cutting-edge bridge technology to offer ideal trading conditions for scalpers, hedgers, and algorithmic traders. Global Prime provides trading options across over 150 international markets, covering forex, indices, commodities, cryptocurrencies, and bonds. The platform offers competitive spreads, with a raw ECN account starting at zero.
Leverage
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) 1:200
FTSE Spread
1.0 0.84
GBPUSD Spread<
0.23 0.64
Oil Spread
0.03 1.6
Stocks Spread
0.02 Variable
Forex
IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot. Global Prime offers traders access to 48 forex pairs, including major, minor, and exotic pairs. Enjoy tight spreads starting at 0.9 with no commission or from 0 with a $7 round turn fee. Trading is facilitated through the top-tier MT4 platform, allowing for micro lot trading. The New York-based server ensures low latency, optimising your trading experience.
Assets
75 48
GBPUSD Spread
0.23 0.75
EURUSD Spread
0.02 0.16
EURGBP Spread
0.27 0.85
Cryptocurrency
IC Markets provides a range of over 20 cryptocurrencies for trading through CFDs, featuring less common tokens like Avalanche, Kusama, and Uniswap. Traders can enjoy commission-free transactions and experienced individuals can utilise high leverage up to 1:200 via the MetaTrader platforms. Global Prime offers an extensive selection of 35 crypto CFDs, including well-known tokens such as Bitcoin and Ethereum, alongside less mainstream options like Sandbox and Avalanche. Commissions are competitive at 0.1%, with leverage options available in certain regions.
Spread
BTC 42.036 Floating
Coins
  • BTC
  • BCH
  • DOT
  • DSH
  • EMC
  • EOS
  • ETH
  • LNK
  • LTC
  • NMC
  • PPC
  • XLM
  • XRP
  • ADA
  • BNB
  • DOG
  • UNI
  • XTZ
  • BTC
  • BCH
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
IC Markets Global Prime
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