Comparison of IC Markets and InstaForex
| Feature | IC Markets | InstaForex |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2007 |
| Broker Type | ECN, DMA | MM |
| Dealing | A-book | B-book |
| Execution | Market | Instant, Market |
| Regulation | SFSA, ASIC, CySEC, CMA | BVIFSC, CySEC, SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex |
| Spread | ⬊ Low | ⬈ High |
| Maximum Leverage | 1:500 | 1:1000 |
| Minimum Deposit | $200 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, RUB |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, YooMoney, PayCo, AstroPay, Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Binance Coin (BNB), EOS (EOS), XRP (XRP), NEO (NEO) |
| Inactivity Fee | ✖ | $10 per month after 3 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | 0-5% |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities, Cryptocurrencies |
| Review | IC Markets Review | InstaForex Review |
About IC Markets
IC Markets is a leading forex and CFD broker, well-known for its exceptional trading conditions and advanced technology. Established in 2007 and regulated by multiple top-tier authorities, including ASIC, CySEC, and the FSA Seychelles, IC Markets has earned a solid reputation among retail and institutional traders alike. The broker is particularly favored by scalpers, day traders, and algorithmic traders for its ultra-tight spreads, fast execution speeds, and no-dealing-desk (NDD) model. With access to powerful platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets offers a seamless trading experience across various asset classes, including forex, indices, commodities, and cryptocurrencies. Its focus on transparency, competitive pricing, and exceptional liquidity ensures that traders can execute strategies efficiently. However, while IC Markets excels in trading infrastructure, it offers limited educational resources, which may not fully cater to beginners.
Pros
- Regulated by top-tier authorities (ASIC, CySEC)
- Tight spreads starting from 0.0 pips on Raw Spread accounts
- No dealing desk (NDD) model ensures transparent and fast execution
- Excellent platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High liquidity and competitive pricing ideal for scalping and algorithmic trading
- Wide range of tradable assets, including cryptocurrencies
- Dedicated 24/7 customer support
Cons
- Restricted availability in some regions due to regulatory constraints
- Withdrawal fees may apply for certain methods
About InstaForex
InstaForex is a globally recognized forex broker established in 2007, offering a comprehensive range of trading services to both novice and experienced traders. Renowned for its user-friendly trading platforms, including MetaTrader 4 and its proprietary InstaForex platform, the broker provides access to a wide array of financial instruments such as currency pairs, commodities, indices, and cryptocurrencies. InstaForex distinguishes itself with competitive spreads, various account types tailored to different trading needs, and robust customer support available in multiple languages. Additionally, the broker offers educational resources and promotional bonuses, making it an attractive choice for traders seeking both flexibility and support in their trading endeavors.
Pros
- Access to numerous currency pairs, commodities, indices, cryptocurrencies, and more
- Availability of MetaTrader 4, MetaTrader 5, and the proprietary InstaForex platform
- Various account options catering to different trading styles and experience levels
- Comprehensive materials including webinars, tutorials, and articles to aid trader education
- Customer service available in several languages to accommodate a diverse client base
- Regular bonuses and incentives for both new and existing clients
Cons
- Certain withdrawal methods may incur additional fees, affecting overall trading costs
- Charges may apply for dormant accounts, which can be a drawback for less active traders
IC Markets & InstaForex Regulation
| Feature | IC Markets | InstaForex |
|---|---|---|
Companies | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited | Instant Trading Ltd, Instant Trading EU Ltd, Insta Service Ltd, Insta Global Ltd |
Countries | Seychelles, Australia, Cyprus, Kenya | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines |
Regulators | SFSA, ASIC, CySEC, CMA | BVIFSC, CySEC, SVGFSA |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
IC Markets
Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited
InstaForex
Instant Trading Ltd, Instant Trading EU Ltd, Insta Service Ltd, Insta Global Ltd
Countries
IC Markets
Seychelles, Australia, Cyprus, Kenya
InstaForex
British Virgin Islands, Cyprus, Saint Vincent and the Grenadines
Regulators
IC Markets
SFSA, ASIC, CySEC, CMA
InstaForex
BVIFSC, CySEC, SVGFSA
Investor Protection
IC Markets
Investor Compensation Fund (ICF)
InstaForex
Investor Compensation Fund (ICF)
Investor Protection Size
IC Markets
€20 000
InstaForex
€20 000
Publicly Traded
IC Markets
InstaForex
Segregated Accounts
IC Markets
InstaForex
Guaranteed Stop Loss
IC Markets
InstaForex
Negative Balance Protection
IC Markets
InstaForex
Account Types
| Account | IC Markets | InstaForex |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Eurica |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.1 |
| Fee | — | $6 per 1 lot |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 10% |
| Margin Call | — | 30% |
ECN Account | ||
| Account Name | Standard | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.6 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Zero Account | ||
| Account Name | Raw Spread | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Fix Spread Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Fixed |
| Execution | — | Instant |
| Min Spread | — | 3 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 10% |
| Margin Call | — | 30% |
Cent Account | ||
| Account Name | — | Cent |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Instant |
| Min Spread | — | 3 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 10% |
| Margin Call | — | 30% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
IC Markets
—
InstaForex
Eurica
Min Deposit
IC Markets
—
InstaForex
$1
Lot Size
IC Markets
—
InstaForex
0.01
Spread Type
IC Markets
—
InstaForex
Floating
Execution
IC Markets
—
InstaForex
Market
Min Spread
IC Markets
—
InstaForex
0.1
Fee
IC Markets
—
InstaForex
$6 per 1 lot
Max Leverage
IC Markets
—
InstaForex
1:1000
Stop Out
IC Markets
—
InstaForex
10%
Margin Call
IC Markets
—
InstaForex
30%
ECN Account
Account Name
IC Markets
Standard
InstaForex
—
Min Deposit
IC Markets
$200
InstaForex
—
Lot Size
IC Markets
0.01
InstaForex
—
Spread Type
IC Markets
Floating
InstaForex
—
Execution
IC Markets
Market
InstaForex
—
Min Spread
IC Markets
0.6
InstaForex
—
Fee
IC Markets
No
InstaForex
—
Max Leverage
IC Markets
1:500
InstaForex
—
Stop Out
IC Markets
50%
InstaForex
—
Margin Call
IC Markets
100%
InstaForex
—
Zero Account
Account Name
IC Markets
Raw Spread
InstaForex
—
Min Deposit
IC Markets
$200
InstaForex
—
Lot Size
IC Markets
0.01
InstaForex
—
Spread Type
IC Markets
Floating
InstaForex
—
Execution
IC Markets
Market
InstaForex
—
Min Spread
IC Markets
0
InstaForex
—
Fee
IC Markets
$7 per 1 lot
InstaForex
—
Max Leverage
IC Markets
1:500
InstaForex
—
Stop Out
IC Markets
50%
InstaForex
—
Margin Call
IC Markets
100%
InstaForex
—
Fix Spread Account
Account Name
IC Markets
—
InstaForex
Standard
Min Deposit
IC Markets
—
InstaForex
$1
Lot Size
IC Markets
—
InstaForex
0.01
Spread Type
IC Markets
—
InstaForex
Fixed
Execution
IC Markets
—
InstaForex
Instant
Min Spread
IC Markets
—
InstaForex
3
Fee
IC Markets
—
InstaForex
No
Max Leverage
IC Markets
—
InstaForex
1:1000
Stop Out
IC Markets
—
InstaForex
10%
Margin Call
IC Markets
—
InstaForex
30%
Cent Account
Account Name
IC Markets
—
InstaForex
Cent
Min Deposit
IC Markets
—
InstaForex
$1
Lot Size
IC Markets
—
InstaForex
0.01
Spread Type
IC Markets
—
InstaForex
Floating
Execution
IC Markets
—
InstaForex
Instant
Min Spread
IC Markets
—
InstaForex
3
Fee
IC Markets
—
InstaForex
No
Max Leverage
IC Markets
—
InstaForex
1:1000
Stop Out
IC Markets
—
InstaForex
10%
Margin Call
IC Markets
—
InstaForex
30%
Additional Features
Demo Account
IC Markets
InstaForex
VIP Account
IC Markets
InstaForex
Swap-Free Account
IC Markets
InstaForex
Copy Trading
IC Markets
InstaForex
VPS
IC Markets
InstaForex
PAMM/MAM Accounts
IC Markets
InstaForex
Funding and Fees
| Feature | IC Markets | InstaForex |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, RUB |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, YooMoney, PayCo, AstroPay, Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Binance Coin (BNB), EOS (EOS), XRP (XRP), NEO (NEO) |
Inactivity fee | $10 per month after 3 months | |
Interest on margin | ||
Withdrawal fee | 0-5% |
Base currencies
IC Markets
USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD
InstaForex
USD, EUR, RUB
Deposit and withdrawal methods
IC Markets
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay
InstaForex
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, YooMoney, PayCo, AstroPay, Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Binance Coin (BNB), EOS (EOS), XRP (XRP), NEO (NEO)
Inactivity fee
IC Markets
InstaForex
$10 per month after 3 months
Interest on margin
IC Markets
InstaForex
Withdrawal fee
IC Markets
InstaForex
0-5%
Trading Platforms and Conditions
| Feature | IC Markets | InstaForex |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex |
Execution Speed | 40 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | high |
Trading Platforms
IC Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
InstaForex
MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex
Execution Speed
IC Markets
40 ms
InstaForex
-
Scalping
IC Markets
InstaForex
Expert Advisors (EAs)
IC Markets
InstaForex
Depth of Market (DOM)
IC Markets
InstaForex
Spread
IC Markets
low
InstaForex
high
Trading Assets
| Asset | IC Markets | InstaForex |
|---|---|---|
Currencies | 61 | 108 |
Indices | 25 | 21 |
Stocks | 2175 | 1448 |
Cryptocurrencies | 21 | 72 |
Bonds | 10 | 0 |
Metals | 7 | 8 |
Energies | 5 | 6 |
Soft Commodities | 8 | 13 |
ETFs | 38 | 67 |
Currencies
IC Markets
61
InstaForex
108
Indices
IC Markets
25
InstaForex
21
Stocks
IC Markets
2175
InstaForex
1448
Cryptocurrencies
IC Markets
21
InstaForex
72
Bonds
IC Markets
10
InstaForex
0
Metals
IC Markets
7
InstaForex
8
Energies
IC Markets
5
InstaForex
6
Soft Commodities
IC Markets
8
InstaForex
13
ETFs
IC Markets
38
InstaForex
67
Education and Analytics
| Feature | IC Markets | InstaForex |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
IC Markets
InstaForex
Indicators
IC Markets
InstaForex
Robots
IC Markets
InstaForex
Signals
IC Markets
InstaForex
Autochartist
IC Markets
InstaForex
Expert Analytics
IC Markets
InstaForex
News Feed
IC Markets
InstaForex
Education Articles
IC Markets
InstaForex
Webinars
IC Markets
InstaForex
Seminars
IC Markets
InstaForex
Bonuses
| Bonus | IC Markets | InstaForex |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $2,000 |
| Details | — | Learn More |
| No Deposit Bonus | ||
| Is available | ||
| Size | — | $1000 |
| Details | — | Learn More |
Welcome Bonus
Is available
IC Markets
InstaForex
Size
IC Markets
—
InstaForex
100%, up to $2,000
Details
IC Markets
—
InstaForex
No Deposit Bonus
Is available
IC Markets
InstaForex
Size
IC Markets
—
InstaForex
$1000
Details
IC Markets
—
InstaForex
Contests
| Feature | IC Markets | InstaForex |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
Demo Contests
Is available
IC Markets
InstaForex
Contests List
IC Markets
—
InstaForex
- Great RaceStart Balance: $100000 · Prize Pool: $55000 · Period: MonthlyLearn More
- SniperStart Balance: $10000 · Prize Pool: $1500 · Period: WeeklyLearn More
- FX-1 RallyStart Balance: $40,000 · Prize Pool: $1500 · Period: WeeklyLearn More
- Lucky TraderStart Balance: $30,000 · Prize Pool: $3,000 · Period: Every 2 WeeksLearn More
- Real ScalpingStart Balance: $20,000 · Prize Pool: $6,000 · Period: MonthlyLearn More
Customer Support
| Contact | IC Markets | InstaForex |
|---|---|---|
Email | support@icmarkets.com | support@mail.instaforex.com |
Phone | +2484671976 | +35725654112 |
Facebook | — | |
LinkedIn | — | |
YouTube | — | YouTube |
Instagram | — | |
Twitter |
Email
IC Markets
InstaForex
Phone
IC Markets
InstaForex
Facebook
IC Markets
InstaForex
—
LinkedIn
IC Markets
InstaForex
—
YouTube
IC Markets
—
InstaForex
Instagram
IC Markets
InstaForex
—
Which Broker is Better?
After comparing IC Markets and InstaForex, IC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.