IC Markets Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of IC Markets Forex Brokers and alternatives with lower fees and more security. Unbiased IC Markets Alternatives reviews.
So which brokers are better than IC Markets? Want to jump straight to the answer? OspreyFX is the best alternative broker to IC Markets in 2024 .

3.5 / 5

Rating breakdown

Security
60%
3.0/5
Ease of Use
60%
3.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
90%
4.5/5
Trading Fees
100%
5.0/5
Support
60%
3.0/5

Things we didn't like:

 No investor and negative balance protection
 It has a limited product portfolio offering only forex, some CFDs, and crypto

Why would you want an alternative to IC MARKETS?

Firstly, IC Markets does not offer a proprietary trading platform, which could be a drawback for users seeking a unique trading experience or specific platform features not available elsewhere. The absence of a proprietary platform may limit customization options and integrated tools that some traders prefer. Additionally, IC Markets offers fewer tradeable symbols compared to some competitors, potentially restricting trading opportunities across different asset classes and markets. Furthermore, IC Markets trails the top forex brokers in terms of the scope of its market research and the quality of its educational content, which may not meet the needs of traders looking for comprehensive market insights and educational resources. Moreover, IC Markets lacks a proprietary forex trading app, which could be inconvenient for traders who prefer mobile trading platforms with tailored features and functionalities. Lastly, share trading at IC Markets is limited to Australian stocks for Australian traders, available through the IC Shares offering, which may limit investment diversification options for international traders.

What to look for in a IC MARKETS Alternative?

When seeking an alternative to IC Markets, prioritize brokers that offer a proprietary trading platform if you value unique features, customization options, and integrated tools for your trading needs. Look for brokers that provide a wide range of tradeable symbols across various asset classes and markets to maximize trading opportunities and diversification. Consider brokers that excel in market research and provide high-quality educational content, including comprehensive market analysis, trading strategies, and educational resources suitable for traders of all levels. Opt for brokers that offer a proprietary forex trading app or robust mobile trading platforms with advanced features and user-friendly interfaces for convenient trading on the go. If you engage in share trading, choose brokers that offer a broader selection of stocks and international markets to enhance your investment options beyond regional limitations. By focusing on these aspects, you can find a broker that better aligns with your trading preferences and offers a more comprehensive and supportive trading environment compared to IC Markets

Best IC MARKETS alternatives – forex brokers like (or better than) IC MARKETS

Best IC Markets Alternatives

4.3 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

#1
OspreyFX Overview

Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.

4.2 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

#2
AvaTrade Overview

Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.

4.0 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#3
XM Overview

XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

IC Markets Alternatives Frequently Asked Questions (FAQs):

Are there any sites like IC Markets?
Yes, there are many sites offering similar services like IC Markets. Those include OspreyFX, Tickmill, RoboForex and many more. If you are to look for an alternative to IC Markets for your forex trading needs, then you must make sure it is one with a better offering.
Who are IC Markets Top Competitors?
IC Markets 's top competitors in July 2024 are: OspreyFX, AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.

Are you Satisfied with what They Offer?