Head-to-head comparison

FXOpen vs IC Markets

A side-by-side look at FXOpen and IC Markets — score, fees, platforms and who each one actually fits best.

FXOpen

ECN legacy broker

★ ★ ★ ★ ★ 4.2

Needs fresh English review before stronger recommendation

IC Markets

Top global candidate

★ ★ ★ ★ ★★4.9

Active partner program; confirm the available legal entity and trading conditions for your country.

Quick verdict

IC Markets scores higher overall (4.9 vs 4.2), but a higher score doesn't automatically mean it's the right pick for you.

FXOpen is the stronger fit for eCN-style forex trading and older MetaTrader workflows, while IC Markets is built more around low-spread trading, scalping, MT4/MT5/cTrader workflows.

Regulation: FXOpen — Check active entity for your country. IC Markets — Global group with multiple regulated entities.

Minimum deposit: FXOpen — Depends on account type. IC Markets — Commonly from $200, depending on entity.

Side by side

FXOpenIC Markets

Best forECN-style forex trading and older MetaTrader workflowsLow-spread trading, scalping, MT4/MT5/cTrader workflows

PlatformsMT4, MT5, TickTraderMT4, MT5, cTrader, TradingView

RegulationCheck active entity for your countryGlobal group with multiple regulated entities

Minimum depositDepends on account typeCommonly from $200, depending on entity

FXOpen strengths

Long-running brand
ECN positioning
Existing affiliate tracking

IC Markets strengths

Raw spread model
Deep platform choice
Strong partner program

Which one should you pick?

Pick FXOpen if you're mainly after eCN-style forex trading and older MetaTrader workflows. It stands out for long-running brand and eCN positioning.

Pick IC Markets if you're mainly after low-spread trading, scalping, MT4/MT5/cTrader workflows. It stands out for raw spread model and deep platform choice.

Common questions