IC Markets vs ATFX 2024

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system.

ATFX is not publicly traded and does not operate a bank. ATFX is authorised by two tier-1 regulators (Highly Trusted), one Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). ATFX is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

ATFX primarily offers the MetaTrader platform suite from its regulated brands in the EU via Cyprus, and the UK, as well as its offshore entity in Mauritius. ATFX has made progress although still trails behind the best brokers when it comes to the range of investment products it offers and the available trading platforms.

To open a trading account with IC Markets, you'll need to make an initial minimum deposit of $200.

ATFX requires a minimum deposit of $500 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. IC Markets offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas ATFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that IC Markets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that ATFX holds 4 global Tier-1 licenses, while IC Markets holds 2. ATFX holds 2 global Tier-2 licenses, while IC Markets holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that ATFX (85) earned a higher Trust Score than IC Markets (84).

To compare the trading platforms of both IC Markets and ATFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, IC Markets offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.

Here’s what trading platforms are available at IC Markets:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - Yes
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - Yes
• TradingView - Yes

Here’s what trading platforms are available at ATFX:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both IC Markets and ATFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. IC Markets and ATFX both offer copy trading.

IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to ATFX's 44 available pairs. If you are interested in trading a full range of securities, IC Markets offers traders access to 3583 tradeable symbols, while ATFX offers access to 150 tradeable symbols; so IC Markets offers 3433 more tradeable symbols than ATFX.

We found in our testing that IC Markets offers a more diverse selection of investment options than ATFX, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical).