3.5 / 5
Rating breakdown
Things we didn't like:
No investor and negative balance protectionIt 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 other users do not like about IC Markets
IC Markets TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, IC Markets has currently 37.8k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.80/5.00.
Main Complains according to the Users' Reviews
- Slippage and blocking withdrawal
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
4.3 / 5
Rating breakdown
Things we liked:
Up to 500:1 leverageLow minimum deposit requirement
Things we didn't like:
Absence of a direct telephone number for customer supportOspreyfx is not a fully licensed and regulated broker
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
Things we liked:
AvaTrade has low trading feesThe 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 cryptosThe research tools are limited
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
Things we liked:
XM has low trading feesThe account opening is user-friendly and fast
Lots of educational tools
Things we didn't like:
XM has a limited product portfolioThe research tools are limited
It charges inactivity fees
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.