World Forex vs IC Markets
World Forex or IC Markets – which is better for UK traders 2025? Compare World Forex and IC Markets in this detailed breakdown of their platforms, features and fees.
| World Forex | IC Markets |
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| World Forex is ranked #10 among binary options brokers. | IC Markets is ranked #5 among CFD brokers. |
| World Forex is an offshore broker based in St Vincent and the Grenadines. It provides commission-free trading with a minimum deposit of $1 and leverage up to 1:1000. Digital contracts are available, offering an easy method for novices to speculate on popular financial markets. | 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. |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $1 | $200 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| SVGFSA | ASIC, CySEC, FSA, CMA |
| Mobile Apps | |
| iOS, Android + Web Browser | iOS & Android |
| Trading App | |
The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders. |
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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| Android App Rating | |
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| Margin Trading | |
| Yes | 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 | |
| Yes | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Utilise trading signals on MT4 to mirror strategies directly in your live account. There are no extra fees, and the platform is accessible through downloadable software or a web-based version. | 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 | |
| No | Yes |
| Trade Signals | |
| Yes | Signal Start |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| Yes | No |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| World Forex offers leveraged CFDs on over 100 instruments, including stocks, commodities, and forex. Traders can access leverage of up to 1:1000 for accounts with balances up to $1000, while higher balance accounts receive reduced leverage options. | 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 | |
| NA | 1.0 |
| GBPUSD Spread< | |
| NA | 0.23 |
| Oil Spread | |
| NA | 0.03 |
| Stocks Spread | |
| From 0.03 | 0.02 |
| Forex | |
| World Forex provides CFD and digital contract trading across 53 currency pairs, such as EUR/USD and GBP/EUR. Traders can access substantial leverage on CFDs, complemented by competitive spreads for select account types. | 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 | |
| 53 | 75 |
| GBPUSD Spread | |
| From 0.6 | 0.23 |
| EURUSD Spread | |
| From 0.6 | 0.02 |
| EURGBP Spread | |
| From 0.6 | 0.27 |
| Cryptocurrency | |
| Traders can explore crypto assets through World Forex’s W-CRYPTO accounts, providing leveraged trading with zero spread. Access 10 cryptocurrencies paired with USD and EUR, along with crypto-to-crypto pairs. | 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 | |
| 0 | BTC 42.036 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| World Forex provides binary options requiring just a choice of stake, price movement, and contract duration. Returns can reach up to 100% on American agreements and 85% on European ones, with the latter also offering a partial refund for traders exiting early. | |
| Payout | |
| 100% | |
| Expiration Times | |
| 1 minute - 7 days | |
| Boundary Options | |
| No | No |
| Ladder Options | |
| No | No |
| World Forex | IC Markets |
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