FXGiants versus IC Markets Comparison Table
| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXGiants | $100 Minimum Deposit | MT4 Trading Platforms | 200+ Markets To Trade | FXGiants offers trading on MT4, with a wide range of account types, including fixed Forex spreads About |
| IC Markets | $200 Minimum Deposit | MT4, MT5, cTrader Trading Platforms | 2500+ Markets To Trade | IC Markets provides MT4, its succesor MT5 along with cTrader, allowing a wide range of trading styles About |
FXGiants and IC Markets Comparison
IC Markets is a broker which provides low Forex spreads with a commission charge and no dealing desk intervention trading conditions. FXGiants is a broker which can provide a range of trading accounts for MT4. Both brokers allow scalping and EAs.
Quick comparison
Both offer MT4. IC Markets additionally provides MT5 and cTrader.
Minimum deposit and account types
The minimum deposit for FXGiants's ECN accounts is $500. The minimum deposit for IC Markets is $200.
- FXGiants offers trading on six account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account and the Absolute Zero STP/ECN account. The minimum deposit is $100 for the Micro account, $500 for the 0 Fixed spread, STP/ECN No Commission and STP/ECN 0 Spread accounts, $2,500 for the Premium account and upon request for the Absolute Zero account. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The minimum trade size is 0.01 lots except for the Premium account where it is 0.1 lots.
- FXGiants's 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offer variable ECN spreads from 0, with a commission charge. The Absolute Zero account has spreads from 0, without a commission charge. FXGiants provides economic news and an economic calendar on its website. It also provides a dedicated account manager and a 24/5 dealing hotline for its non-ECN accounts.
- IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
- IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.
Markets
- FXGiants provides 200+ covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks, Futures.
- IC Markets provides 2500+ covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks, Futures, Bonds and ETFs.
Cryptocurrency CFDs
- FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.
- IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Polkadot, Stellar, Chainlink, Dogecoin, Tezos, Uniswap, Cardano, Binance Coin, Emercoin, Namecoin, Peercoin and EOS.
Spreads and leverage
- FXGiants can provide Forex spreads from 0.5 (variable) without a commission charge, from 1.8 (fixed) without a commission charge and from 0 with a commission charge. IC Markets can offer Forex spreads from 0.6 (variable) without a commission charge and from 0 with a commission charge.
Maximum leverage for FXGiants Bermuda is 500:1. Maximum leverage for IC Markets (FSA regulated) is 500:1.
Commissions
- FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account. Commissions are charged only for Forex and Metals.
- IC Markets charges a commission of $3.50 per lot per side for the MT4 and MT5 Raw Spread accounts while the cTrader Raw Spread account charges a commission of $3 per 100,000 USD traded per side.
Online trading platforms
Both brokers offer MT4 and IC Markets also offers MT5 and cTrader. These platforms are available for desktop, tablet and mobile.
Why FXGiants or IC Markets ?
Traders who want to trade on MT4 may do so at either broker (though FXGiants has more markets to trade on this platform). Those who wish to trade on MT5, can find this platform at IC Markets in addition to cTrader. Overall IC Markets has more markets to trade, on MT5.
Comparison summary
- Both brokers offer CFD trading
- Each provides MT4
- IC Markets additionally offers MT5 and cTrader
- Both allow automated trading
- FXGiants has a wide range of account types including fixed spreads on MT4
- IC Markets can offer more markets to trade
