Comparison of IC Markets and JustMarkets
| Feature | IC Markets | JustMarkets |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2012 |
| Broker Type | ECN, DMA | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SFSA, ASIC, CySEC, CMA | FSA, CySEC, FSC, FSCA, FSC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:3000 |
| Minimum Deposit | $200 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP, JPY, ZAR, CNY, MYR, IDR, THB, VND, KWD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, Perfect Money, SticPay, Airtm, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC) |
| Inactivity Fee | ✖ | $5/month after 150 days of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| 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 (CFDs), Cryptocurrencies, Metals, Energies |
| Review | IC Markets Review | JustMarkets 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 JustMarkets
JustMarkets is a forex and CFD broker that traces its roots to the JustForex brand and serves retail traders across multiple regions. The broker provides access to a broad mix of markets-forex, indices, metals, energies, stocks and cryptocurrencies-on MetaTrader 4 and MetaTrader 5 as well as a mobile trading app. The account lineup is straightforward: Standard Cent and Standard for accessible entry, Pro for tighter spreads with no commission, and Raw Spread for 0.0-pip pricing with a per-lot commission. Safeguards and terms depend on the entity you register with. The group operates through several regulated companies (including CySEC in the EU, FSCA in South Africa, and FSA Seychelles), maintains segregated client funds and offers negative balance protection. Global clients can access high leverage-up to 1:3000 under non-EU entities-while EU retail leverage is capped at 1:30 (with higher limits for eligible Professional clients). Combined with copy trading, MAM options and multilingual support, JustMarkets aims to balance ease of use with tools for more active traders.
Pros
- Multi-jurisdiction regulation
- Account choice incl. Cent, Pro and Raw
- High global leverage up to 1:3000
- Copytrading mobile app; MAM support for money managers
- Negative balance protection; segregated client funds
- Broad base currencies and local/crypto payments
Cons
- Inactivity fee after 150 days of no trading
- Instrument catalogue smaller than top multi-asset brokers
IC Markets & JustMarkets Regulation
| Feature | IC Markets | JustMarkets |
|---|---|---|
Companies | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited | Just Global Markets Ltd; Just Global Markets (MU) Limited; JustMarkets Ltd; Just Global Markets (Pty) Ltd; GMFT Services Ltd |
Countries | Seychelles, Australia, Cyprus, Kenya | Seychelles, Cyprus, Mauritius, South Africa |
Regulators | SFSA, ASIC, CySEC, CMA | FSA, CySEC, FSC, FSCA, FSC |
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 |
Account Types
| Account | IC Markets | JustMarkets |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:3000 |
| Stop Out | — | 20% |
| Margin Call | — | 40% |
STP Account | ||
| Account Name | — | Pro |
| Min Deposit | — | $100 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.6 |
| Fee | — | No |
| Max Leverage | — | 1:3000 |
| Stop Out | — | 20% |
| Margin Call | — | 40% |
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 | Raw Spread |
| Min Deposit | $200 | $100 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0.0 |
| Fee | $7 per 1 lot | $6 per 1 lot |
| Max Leverage | 1:500 | 1:3000 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 40% |
Cent Account | ||
| Account Name | — | Standard Cent |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.9 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 40% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | IC Markets | JustMarkets |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP, JPY, ZAR, CNY, MYR, IDR, THB, VND, KWD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, Perfect Money, SticPay, Airtm, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC) |
Inactivity fee | $5/month after 150 days of inactivity | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | IC Markets | JustMarkets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 40 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | IC Markets | JustMarkets |
|---|---|---|
Currencies | 61 | 61 |
Indices | 25 | 13 |
Stocks | 2175 | 163 |
Cryptocurrencies | 21 | 9 |
Bonds | 10 | 0 |
Metals | 7 | 7 |
Energies | 5 | 3 |
Soft Commodities | 8 | 0 |
ETFs | 38 | 0 |
Education and Analytics
| Feature | IC Markets | JustMarkets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | IC Markets | JustMarkets |
|---|---|---|
Email | support@icmarkets.com | support@justmarkets.com |
Phone | +2484671976 | +37167881045 |
Telegram | — | Telegram |
Facebook | — | |
LinkedIn | ||
Instagram | — | |
Twitter |
Which Broker is Better?
After comparing IC Markets and JustMarkets, 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.
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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.