M4Markets vs IC Markets

M4Markets or IC Markets – which is better for UK traders 2025? Compare M4Markets and IC Markets in this detailed breakdown of their platforms, features and fees.

M4Markets vs IC Markets Comparison Table 2025
M4Markets IC Markets
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3.6
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4.8
M4Markets is ranked #32 among CFD brokers. IC Markets is ranked #5 among CFD brokers.
M4Markets, a distinguished broker, operates under the regulation of CySEC, FSA, and DFSA. Despite its recent emergence in the market, M4Markets constantly enhances its services with cutting-edge tools, platforms, and account options. Novices can begin trading with a minimum of $5, whereas seasoned traders benefit from leverage as high as 1:5000. 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.
Pros
  • M4Markets is a cost-effective brokerage, providing spreads starting at 0.0 pips with no commission charges, and an approachable minimum deposit of just $5.
  • Execution speeds are rapid, averaging 30 ms, which we classify as fast and ideal for traders given that any speed under 100 ms caters well to active trading needs.
  • The broker provides various automated trading options, such as a copy trading service and MAM/PAMM accounts.
  • A variety of global payment options are available, all free from deposit or withdrawal charges.
  • Reliable customer support is available 24/5 through live chat, phone, and email in 10 languages.
  • M4Markets possesses various international licences, such as those from CySEC and DFSA.
  • 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.
Cons
  • The educational resources lag behind leading brokers, offering just a limited range of eBooks and webinars.
  • With approximately 200 investment options, the range is limited when contrasted with leading brokers who typically provide over 1,000 choices.
  • M4Markets does not provide rebate schemes or incentives for active traders.
  • 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.
Awards
  • Best Deposits & Withdrawals Broker, Fazzaco
  • Most Transparent Broker, World Finance Awards
  • Best Trading Conditions Broker Global, International Business Magazine
  • 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
Forex, CFDs, Indices, Shares, Commodities, Cryptos CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account
Yes Yes
Minimum Deposit
$5 $200
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA, CySEC ASIC, CySEC, FSA, CMA
Mobile Apps
Yes 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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2.8
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3.1
Android App Rating
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2.8
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4.2
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes (APIs) Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade
Copy Trading
Yes Yes
Copy Trading Platform
M4Markets offers an accessible trading service for novices eager to replicate strategies and for seasoned investors aiming to mentor. The service integrates seamlessly with your trading platform and operates round-the-clock. 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.
Social Trading
Yes Yes
Trade Signals
Yes Signal Start
VPS Hosting
No 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 Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • ZAR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Gold
  • Silver
  • Oil
  • Gold
  • Oil
  • Silver
  • Orange Juice
  • Cocoa
  • Coffee
  • Corn
  • Soybeans
  • Sugar
  • Wheat
  • Natural Gas
CFD
M4Markets provides CFD trading options in forex, stocks, indices, commodities, and cryptocurrencies. Traders have access to advanced charting platforms featuring various order types and integrated indicators. Additionally, the platform offers a robust array of data analysis tools from the trusted provider, Acuity. 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.
Leverage
1:1000 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
From 0.01 1.0
GBPUSD Spread<
Raw from 0.0 pips 0.23
Oil Spread
From 0.01 0.03
Stocks Spread
N/A 0.02
Forex
M4Markets provides over 45 currencies with zero pip spreads. The broker is a solid option for forex traders due to its low latency and 30-millisecond execution speeds. Furthermore, traders can implement any strategy, such as scalping, without limitations. 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.
Assets
50 75
GBPUSD Spread
Raw from 0.0 pips 0.23
EURUSD Spread
Raw from 0.0 pips 0.02
EURGBP Spread
Raw from 0.0 pips 0.27
Cryptocurrency
M4Markets provides a solid selection of 15 cryptocurrency CFDs paired with USD. With an initial investment of just $5, traders can benefit from commission-free crypto transactions. The average BTCUSD spread is approximately 14.1, competitive and comparable to leading low-cost crypto brokers. 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.
Spread
From 0.0 pips BTC 42.036
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • DOGE
  • DASH
  • XMR
  • OMG
  • NEO
  • QTUM
  • ZEC
  • DOT
  • SOL
  • ETX
  • AXS
  • BTC
  • BCH
  • DOT
  • DSH
  • EMC
  • EOS
  • ETH
  • LNK
  • LTC
  • NMC
  • PPC
  • XLM
  • XRP
  • ADA
  • BNB
  • DOG
  • UNI
  • XTZ
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
M4Markets IC Markets
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