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FBS vs IC Markets
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Updated:
Compare FBS vs IC Markets Side by Side
Choosing between FBS vs IC Markets to determine which Broker better suits your trading needs? We made a detailed comparison between FBS Review and IC Markets Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | FBS | IC Markets |
|---|---|---|
| Website | //www.fbs.com | //www.icmarkets.com |
| Founded year | 2009 | 2007 |
| Headquarter | Belize and Cyprus | Australia |
| Licenses | Australia, Cyprus, Belize, South Africa | Australia, Cyprus, Seychelles |
| Minimum Deposit | US$ 1 | 200 US$ |
| Trading Platforms | MT4, MT5, FBS trader, CopyTrade | cTrader, MT4, MT5 |
| Eurusd avg Spread | 0.9 pips | 1 pip |
Licenses
| Feature | FBS | IC Markets |
|---|---|---|
| Licenses Countries Info (short) |
|
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Both FBS vs IC Markets are highly reputable brokers with years of experience in the forex industry, both are regulated by top-tier regulators ensuring the integrity and safety of forex trading. Additionally, these brokers maintain international subsidiaries to provide their services on a global scale, catering to traders around the world.
Broker Types
| Feature | FBS | IC Markets |
|---|---|---|
| Broker types |
|
|
Both FBS vs IC Markets are operating as ECN Brokers, and have established a distinct presence in the fiercely competitive trading landscape. Their commitment to rapid and effective order execution has garnered them praise and unwavering trust from their client base.
Trading Conditions
| Feature | FBS | IC Markets |
|---|---|---|
| Trading Conditions |
|
|
The brokers are very similar in terms of conditions, they are both beginner-friendly brokers offering high leverage, tight spreads, automated trading, hedging, scalping, and social trading. IC Markets stands out with zero commission options, low spreads, and robust copy trading. FBS emphasizes low spreads and fixed spread accounts, presenting competitive pricing alternatives. Both brokers support expert advisors and cater to traders with diverse preferences.
Fees & Commissions
| Fees & Commissions | FBS | IC Markets |
|---|---|---|
| Inactivity Feemonth | $0 | 0 $ |
| Deposit fee | $0 | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -6.69 | -0.62 |
| Rollover fee eurusd sell 1 lot | 0.24 | 0.41 |
| Avg Eurusd standard acc | 0.9 pips | 1 pips |
| Gold | 15 | 1 |
| Brent oil | 4 pips | 5 pip |
| Bitcoin | 30 | 42.036 |
FBS appears to offer more favorable trading costs in contrast IC Markets. IC Markets provides spreads that are in line with industry norms, whereas FBS spreads are slightly lower. Furthermore, both brokers do not impose additional non-trading fees.
Account Types
| Feature | FBS | IC Markets |
|---|---|---|
| Account types |
|
|
IC Markets offers an assortment of accounts tailored to diverse needs, including a Standard account and two Raw Spreads Accounts, with one specifically crafted for the cTrader platform, ensuring flexibility for traders with varied inclinations. FBS account options are more diverse, although both brokers offer Standard Accounts and Swap Free accounts, both offer MAM/PAMM accounts number of different account types for different trading needs and expertise.
Markets & Instruments
| Markets & Instruments | FBS | IC Markets |
|---|---|---|
| Forex | 43 | 60 |
| Indices | 11 | 23 |
| Commodities | 19 | 19 |
| Cryptocurrencies | 5 | 10 |
| Shares | 39 | 120+ |
| Bonds | ❌ | 9+ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 4 |
| Etfs | ❌ | ❌ |
The range of trading markets available from both is relatively restricted, making them comparable in this regard. Additionally, both brokers provide a relatively small number of assets for trading.
Trading Platforms
| Feature | FBS | IC Markets |
|---|---|---|
| Platforms |
|
|
FBS offers a variety of trading platforms, including proprietary platforms and industry-standard MetaTrader 4 and MetaTrader 5. IC Markets additionally offers cTrader which is more suitable for advanced traders opting for sophisticated algorithmic trading and advanced charting tools.
Deposit & Withdrawal Methods
| Feature | FBS | IC Markets |
|---|---|---|
| Payment methods |
|
|
Both brokers offer a similar range of deposit and withdrawal methods, including the convenience of debit/credit cards and a diverse selection of e-wallet options.
Others
| Feature | FBS | IC Markets |
|---|---|---|
| Others |
|
|
FBS vs IC Markets both prioritize trader education and support, offering resources such as video tutorials to aid in skill development. Both additionally provide telephone support, live chat, and round-the-clock availability, ensuring continuous assistance for traders.
On the other hand, FBS goes further by offering seminars and webinars as a part of its educational program with video tutorials, telephone support, and live chat. Both brokers maintain a 24/7 availability, enhancing accessibility for traders seeking immediate help.
Conclusion on IC Markets vs FBS
In summary, after our comprehensive comparison of FBS and IC Markets, it’s evident that both brokers are reputable and subject to rigorous regulation, providing a range of account types and diverse trading platforms. They place a strong emphasis on trader education, offering instructional resources and webinars. Moreover, both brokers excel in customer support, with FBS standing out for its lower spreads. Additionally, both brokers are recognized for providing competitive spreads. Here is our final recommendation:
- FBS –
Best Cent Account Broker for offering a perfect option with lower requirements and risks involved. - IC Markets — Best Zero Spread Broker characterized by low spreads and a transparent pricing model.
