No broker is perfect, and IC Markets is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to IC Markets :
- IC Markets does not offer micro accounts (See micro account brokers here)
- IC Markets does not offer Ethereum (See brokers that offer Ethereum here )
- IC Markets is not FCA regulated (See FCA regulated brokers here )
- IC Markets does not offer Mac platform (See brokers for Mac users here )
- IC Markets does not offer Spread Betting accounts (See Spread Betting brokers here)
- IC Markets does not offer negative balance protection (See brokers with negative balance protection here)
Whatever your reason, we’ve got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best IC Markets alternatives.
Top alternative : Pepperstone
A popular alternative to IC Markets is Pepperstone, a brokerage regulated by ASIC and over 8 years in business. Another strong alternative is IG, which is regulated by Financial Conduct Authority and ASIC.
Here are some of the key reasons why traders choose Pepperstone and IG over IC Markets :
|Regulator||ASIC||Financial Conduct Authority,UK and ASIC||Financial Conduct Authority and ASIC|
|Min. Trade||0.01 Lot||0.01 Lot||£1|
|Platforms||MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader,||MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps||MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps|
If you want to read more about Pepperstone, we’ve put together an in-depth Pepperstone review that explores their platform, spreads, and trading conditions in more detail.Visit Pepperstone
If Pepperstone isn’t quite right, we’ve also listed ten suitable IC Markets alternatives below. You can click between the different instruments to compare each broker’s spreads for that instrument.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.