IC Markets vs CMC Markets: deposit, leverage, spreads and platforms
How much do you need to start?
$0 vs No minimum deposit
minimum deposit at IC Markets, then CMC Markets, in their own words.
Read · both brokers' own pages · Link to this fact
CFD risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Data, not advice.
IC Markets
- Minimum deposit
- $0
- Maximum leverage (retail)
- 1:5000 on FX
- Spread, standard account
- from 0.8 pips, no commission (Standard)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC mobile…
- Swap-free (Islamic) account
- yes, on Raw Spread and Standard
CMC Markets
- Minimum deposit
- No minimum deposit
- Maximum leverage (retail)
- 200:1, CFD trading and FX Active accounts
- Spread, standard account
- Platforms
- CMC Next Generation, CMC mobile app, MT4, MT5, TradingView
- Swap-free (Islamic) account
IC Markets and CMC Markets, fact by fact
| Fact | IC Markets | CMC Markets |
|---|---|---|
| Minimum deposit | $0 (Raw Spread, cTrader and Standard); Raw Pro $5,000; Raw Pro+ $100,000 Sourceic.comTrading Platform Commission Minimum Deposit Spreads from (pips) Leverage… Account Raw Pro + MetaTrader $1.0 ($2.0 per lot round turn) $100,000 0.0 1:5000… Account Raw Pro MetaTrader $1.5 ($3.0 per lot round turn) $5,000 0.0 1:5000… Account Standard MetaTrader $0 $0 0.8 1:5000· ic.com, read | No minimum deposit Sourcecmcmarkets.comThere is no minimum deposit required to open an account.· cmcmarkets.com, read |
| Maximum leverage (retail) | 1:5000 on FX (Raw Trading Ltd, Seychelles FSA); dynamic, lower above 25 lots Sourceic.comup to 1:5000 leverage on FX… Tier 1: 0–25 lots → 1:5000 Tier 2: 25–50 lots → 1:3000· ic.com, read | 200:1 (CMC Markets Bermuda, BMA), CFD trading and FX Active accounts Sourcecmcmarkets.comFor retail clients, the maximum leverage you can currently trade with is 200:1 (or 0.5% margin) with our CFD trading and FX Active accounts.· cmcmarkets.com, read |
| Spread, standard account | from 0.8 pips, no commission (Standard) Sourceic.comAccount Standard Trading Platform MetaTrader Commission (per lot per side) $0 Spreads from (pips) 0.8· ic.com, read | |
| Commission, raw-spread account | $3.50 per lot per side on Raw Spread, spreads from 0.0+2 more In fullic.com$3.50 per lot per side on Raw Spread (MetaTrader), spreads from 0.0; $3.0 per USD 100k on cTrader; Raw Pro $1.50, Raw Pro+ $1.00 per sideAccount Raw Spread Trading Platform MetaTrader Commission (per lot per side) $3.5 Spreads from (pips) 0.0… Account Raw Spread (cTrader) Trading Platform cTrader, TradingView Commission (per USD 100k) $3.0… Account Raw Pro Trading Platform MetaTrader Commission (per lot per side) $1.5… Account Raw Pro + Trading Platform MetaTrader Commission (per lot per side) $1.0· ic.com, read | FX Active: $2.50 per $100,000 notional+1 more In fullcmcmarkets.comFX Active: $2.50 per $100,000 notional; spreads from 0.0 pips on six major pairs and 25% spread discount on 300+ other pairsSpreads from 0.0 pips on six major forex pairs, and a 25% spread discount on 300+ other forex pairs, with a low, fixed commission at $2.50 per $100,000 notional value, with our FX Active account.· cmcmarkets.com, read |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC mobile app Sourceic.comTrading Platform MetaTrader TradingView NEW cTrader WebTrader IC Social… MetaTrader 5 RECOMMENDED MetaTrader 4 MetaTrader WebTrader· ic.com, read | CMC Next Generation (web), CMC mobile app, MT4, MT5, TradingView Sourcecmcmarkets.comMetaTrader 4 MetaTrader 5 TradingView CMC Web platform… We've built our web trading platform to be powerful and intuitive.· cmcmarkets.com, read |
| Account types | Standard, Raw Spread, Raw Spread, Raw Pro, Raw Pro+, Swap Free In fullic.comStandard, Raw Spread (MetaTrader), Raw Spread (cTrader), Raw Pro, Raw Pro+, Swap FreeAccount Overview Raw Spread Account cTrader Raw Spread Account Standard Swap Free Account… NEW Account Raw Pro + Trading Platform MetaTrader… NEW Account Raw Pro Trading Platform MetaTrader· ic.com, read | Standard CFD account, MT4 CFD account, FX Active account In fullcmcmarkets.comStandard CFD account (Next Generation platform, TradingView), MT4 CFD account, FX Active accountStandard CFD account provides access to our proprietary and award-winning Next Generation platform, available on PC and mobile. This account can also be linked to TradingView.… To trade on Metatrader 4, you must create a separate MT4 CFD account… With each platform you can choose from our CFD trading or FX Active accounts.· cmcmarkets.com, read |
| Swap-free (Islamic) account | yes, on Raw Spread and Standard+1 more In fullic.comyes, on Raw Spread and Standard (MT4, MT5, cTrader); flat overnight holding fee appliesIC offers Swap free accounts for clients who cannot earn or pay interest due to their religious beliefs… available on both our Raw Spread and Standard account types on the MetaTrader4, MetaTrader 5 and cTrader platforms… a holding fee will be applicable for holding open positions overnight· ic.com, read | |
| Copy trading and trade copiers | yes: IC Social, Signal Start, ZuluTrade, cTrader Copy Sourceic.comIC Social Signal Start ZuluTrade… cTrader Algo cTrader Copy Trading· ic.com, read | |
| Ways to deposit | cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, BPAY, FasaPay… In fullic.comcards, PayPal, Neteller, Skrill, UnionPay, wire transfer, BPAY, FasaPay, broker-to-broker, POLi, Thai internet banking, Rapidpay, Klarna, Vietnamese internet banking, crypto (BTC, ETH, USDC, USDT)Funding option Credit and Debit Cards… Funding option PayPal… Funding option Neteller… Funding option Skrill… Funding option UnionPay… Funding option Wire Transfer… Funding option Bpay… FasaPay Accepted Currencies: USD… Funding option Broker to Broker… Funding option POLI… Funding option Thai Internet Banking… Funding option Rapidpay… Funding option Klarna… Funding option Vietnamese Internet Banking… Funding option Cryptocurrency Accepted Currencies: BTC ETH USDC USDT· ic.com, read | Bank account, card, cryptocurrency, digital wallet In fullcmcmarkets.comBank account, card, cryptocurrency (USDT and USDC via Binance Pay), digital walletExperience fast, secure and straightforward deposits and withdrawals, via your nominated bank account, card, cryptocurrency or digital wallet.… Fund your account and withdraw with USDT and USDC, via Binance Pay.· cmcmarkets.com, read |
| Account currencies | 10: AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF Sourceic.comIC offers over 15 flexible funding options in 10 different base currencies… AUD - Australian Dollar USD - United States Dollar EUR - Euro CAD - Canadian Dollar GBP - British Pound (Sterling) SGD - Singapore Dollar NZD - New Zealand Dollar JPY - Japanese Yen HKD - Hong Kong Dollar CHF - Swiss Franc· ic.com, read | |
| Deposit and withdrawal fees | none charged by IC; intermediary bank fees may apply Sourceic.comIC does not charge any additional fees for deposits or withdrawals… you may incur fees, such as intermediary fees, on payments to and from some international banking institutions· ic.com, read | |
| Inactivity fee | £10 a month after one year with no trading+1 more In fullcmcmarkets.com£10 a month (or account-currency equivalent) after one year with no trading; nothing taken if no fundsThere's a monthly charge of £10 (the amount depends on your account currency) on dormant accounts, but no deduction is made if there are no funds in the account. An account is considered dormant if there has been no trading activity for a continuous period of one year.· cmcmarkets.com, read | |
| Negative balance protection | Yes for retail clients (under BMA rules) Sourcecmcmarkets.comUnder the BMA rules, retail clients must be provided with negative balance protection. This means that your maximum loss is the amount you have deposited with us.· cmcmarkets.com, read | |
| What you can trade | CFDs on forex, commodities, indices, synthetic indices, bonds, crypto… In fullic.comCFDs on forex, commodities, indices, synthetic indices, bonds, crypto, stocks (incl. 24-hour stock CFDs) and futuresRange of Products Forex CFDs Commodities CFDs Indices CFDs Synthetic Indices CFDs NEW Bonds CFDs Cryptocurrency CFDs Stocks CFDs 24Hr Stock CFDs NEW Futures CFDs· ic.com, read | 21,000+ instruments on Next Generation (MT5 2,220+2 more In fullcmcmarkets.com21,000+ instruments on Next Generation (MT5 2,220; MT4 220); up to 300 forex pairsThe CMC Next Generation platform has 21,000+ instruments. The MetaTrader 5 platform has 2,220 instruments. MetaTrader 4 has 220 instruments.… Trade on up to 300 forex pairs with leverage· cmcmarkets.com, read |
| Regulators, as the broker states them | Seychelles Financial Services Authority (FSA), Securities Dealer licence SD018 Sourceic.comRaw Trading Ltd, IC, is authorised by the Seychelles Financial Services Authority as a Securities Dealer for the provision of financial services under License NO SD018· ic.com, read | BMA for CMC Markets Bermuda+1 more In fullcmcmarkets.comBMA (Bermuda Monetary Authority) for CMC Markets Bermuda; says its other entities are regulated locally (offices in UK, Australia, Germany, Canada, New Zealand, Singapore)CMC Markets Bermuda Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.… CMC Markets has 15 global offices, including in the UK, Australia, Germany, Canada, New Zealand, Singapore and Bermuda. CMC Markets' entities are licensed and regulated by the local authorities· cmcmarkets.com, read |
| Companies | Raw Trading Ltd (trades as IC and IC Markets Global; Seychelles, reg. 8419879-1) Sourceic.comIC and IC Markets Global are the trading names of Raw Trading Ltd… Raw Trading Ltd registered in Seychelles with registration number: 8419879-1· ic.com, read | CMC Markets Bermuda Limited+1 more In fullcmcmarkets.comCMC Markets Bermuda Limited (international site); CMC Markets Services Limited and CMC Markets UK plc act as its paying agentsCMC Markets Bermuda Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.… CMC Markets Services Limited is a company duly registered in the United Kingdom under company number 15661636… acts as a paying agent for CMC Markets Bermuda Limited· cmcmarkets.com, read |
| US access | no Sourceic.comRaw Trading Ltd does not provide services for residents of certain countries such as the United States of America· ic.com, read | no (site not directed to US residents) Sourcecmcmarkets.comThe information on this site is not directed to residents of the United States or Belgium· cmcmarkets.com, read |
| Restricted countries | United States, Canada, Iran, North Korea, plus anywhere contrary to… In fullic.comUnited States, Canada, Iran, North Korea (named examples), plus anywhere contrary to local lawRaw Trading Ltd does not provide services for residents of certain countries such as the United States of America, Canada, Iran and North Korea (Democratic People's Republic of Korea) or a country where such distribution or use would be contrary to local law or regulation· ic.com, read | United States, Belgium (site not directed to their residents) Sourcecmcmarkets.comThe information on this site is not directed to residents of the United States or Belgium· cmcmarkets.com, read |
Where each takes clients
| Country | IC Markets | CMC Markets |
|---|---|---|
 Bangladesh | Yes judged Bangladesh isn't on IC Markets' list of places it doesn't serve. | Yes judged Bangladesh isn't on CMC Markets' list of places it doesn't serve. |
 India | No judged The RBI Alert List names IC Markets among forex platforms. | Yes judged India isn't on CMC Markets' list of places it doesn't serve. |
 Indonesia | Yes judged Indonesia isn't on IC Markets' list of places it doesn't serve. | Yes judged Indonesia isn't on CMC Markets' list of places it doesn't serve. |
 Kenya | Yes judged Kenya isn't on IC Markets' list of places it doesn't serve. | Yes judged Kenya isn't on CMC Markets' list of places it doesn't serve. |
 Malaysia | Yes judged Malaysia isn't on IC Markets' list of places it doesn't serve. | Yes judged Malaysia isn't on CMC Markets' list of places it doesn't serve. |
 Nigeria | Yes judged Nigeria isn't on IC Markets' list of places it doesn't serve. | Yes judged Nigeria isn't on CMC Markets' list of places it doesn't serve. |
 Pakistan | Yes judged Pakistan isn't on IC Markets' list of places it doesn't serve. | Yes judged Pakistan isn't on CMC Markets' list of places it doesn't serve. |
 South Africa | Yes judged South Africa isn't on IC Markets' list of places it doesn't serve. | Yes judged South Africa isn't on CMC Markets' list of places it doesn't serve. |
 the UAE | Yes judged The UAE isn't on IC Markets' list of places it doesn't serve. | Yes judged The UAE isn't on CMC Markets' list of places it doesn't serve. |
 the UK | Yes judged The UK isn't on IC Markets' list of places it doesn't serve. | Yes judged CMC Markets holds a licence in the UK, through CMC Markets UK plc. |
 the US | No IC Markets' own page names the US as a place it doesn't serve. | No CMC Markets' own page names the US as a place it doesn't serve. |