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IC Markets vs GBE brokers 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between IC Markets and GBE brokers? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, IC Markets ranks more highly than GBE brokers.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingIC MarketsGBE brokersIG
Overall Rating8 / 106.7 / 109.7 / 10
Account TypeIC MarketsGBE brokersIG
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesNoNo
Copy TradingIC MarketsGBE brokersIG
Social Trading / Copy TradingYesYesYes
DupliTradeNoNoNo
ZuluTradeYesNoNo
CryptocurrencyIC MarketsGBE brokersIG
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)IC MarketsGBE brokersIG
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)IC MarketsGBE brokersIG
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsIC MarketsGBE brokersIG
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoYes
Social Trading / Copy TradingYesYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesYesYes
ETFYesNoYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsIC MarketsGBE brokersIG
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
Regulatory LicensesIC MarketsGBE brokersIG
Tier-1 Licenses107
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)NoNoYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
CFTC Registered (USA)NoNoYes
Tier-2 Licenses112
Tier-3 Licenses101
Research, EducationIC MarketsGBE brokersIG
Trading Central (Recognia)YesNoNo
Forex News (Top-Tier Sources)YesNoYes
Daily Market CommentaryYesYesYes
AutochartistYesNoYes
Investor Dictionary (Glossary)YesNoYes
Videos - Beginner Trading VideosNoNoYes
Client Webinars (Archived)YesNoYes
Trading CostsIC MarketsGBE brokersIG
Minimum Initial Deposit$200$500£250.00
Average Spread EUR/USD - Standard0.62 (August 2021)-10.86 (September 2022)
All-in Cost EUR/USD - Active0.62 (August 2021)-10.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesYesYes
Trading ToolsIC MarketsGBE brokersIG
Watchlists - Total Fields7714
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)303033
Mobile Charting - Indicators / Studies303033
Trust FactorsIC MarketsGBE brokersIG
Year Founded200720131974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Authorised in European UnionNoYesYes
Trust Score866999
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IC Markets vs GBE brokers Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs GBE brokers.

Can I trust IC Markets?

IC Markets has a trust score of 86, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust GBE brokers?

GBE brokers has a trust score of 69, giving it a "High Risk" trust label.

Is IC Markets a good broker?

IC Markets' combination of low spreads and commissions, as well as its supportive execution policies that accomodate algorithmic traders make it our pick for the best MetaTrader broker. In addition, IC Markets recently bolstered its range of markets, sending the total available to over 3,000. It's worth noting, however, that its reserach and educational offerings still have lots of room to improve.

Is GBE brokers a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. IC Markets is ASIC Authorised (Australia), while GBE brokers is none., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland), FCA Authorised (U.K.) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both IC Markets and GBE brokers are CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses IC Markets is SCB Authorised (Bahamas), while GBE brokers is none., neither have IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms IC Markets supports a Desktop Platform (Windows), cTrader and ZuluTrade, whereas GBE brokers supports a Desktop Platform (Windows)., neither have Proprietary Platform and DupliTrade

Does IC Markets offer MetaTrader? Does GBE brokers offer MetaTrader?

Both IC Markets and GBE brokers offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do IC Markets and GBE brokers differ in terms of minimum deposit? What about average spreads and funding options?

IC Markets requires a minimum deposit of $200, while GBE brokers requires a minimum deposit of $500. From our testing we found IC Markets offers spreads of 0.62 (August 2021), while GBE brokers offers spreads of -1. Both IC Markets and GBE brokers offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.

Which brokers offers more tradeable asset classes, IC Markets or GBE brokers?

IC Markets offers a more diverse selection of investment options than GBE brokers allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, IC Markets has 3583, compared to 500 from GBE brokers.

Can I trade cryptocurrency with IC Markets or GBE brokers?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither IC Markets nor GBE brokers allow you to trade physical cryptocurrencies.

Who offers more research tools, IC Markets or GBE brokers?

In terms of research and research tools IC Markets gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison GBE brokers has the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading.

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