BrokerCue

Broker Comparison

Freetrade vs IC Markets

Compare Freetrade and IC Markets side by side: fees, regulation, platforms.

Freetrade

Freetrade

Low-cost long-term investors

Freetrade is an investing platform with £0 dealing commissions, free ISA and SIPP access, stocks, ETFs, funds…

VS
IC Markets

IC Markets

Active forex and CFD traders

IC Markets is a Forex and CFD broker offering MT4, MT5, cTrader and TradingView, with raw spreads from 0.0 pi…

Head-to-head comparison

Freetrade vs IC Markets
Feature Freetrade IC Markets
Minimum deposit — Raw Spread, cTrader and Standard accounts: $0; Raw Pro: $5,000; Raw Pro+: $100,000
Stock trading fee £0 dealing commission per trade ASX market data fee fixed at $22 AUD per month; ASX Share CFDs minimum commission fee of $7 AUD per trade
Regulators FCA FSA, CySEC
Best for Low-cost long-term investors Active forex and CFD traders
Markets & account
Stocks
ETFs
—
Forex
—
CFDs
—
Crypto
Bonds
Futures
—
Funds
—
Fractional Shares
—
Ready Made Portfolios
—
Isa
—
Sipp
—
Demo Account
—

Pros & cons

Freetrade

Freetrade

Pros

  • £0 dealing commission per trade
  • Basic plan has no monthly subscription fee
  • ISA and SIPP available on the £0 Basic plan
  • FX fees fall from 0.99% to 0.39% on Plus
  • US fractional shares support smaller orders
  • Cash earns 1% to 3.5% AER on plan-based limits
  • Recurring, limit and stop-loss orders are available
  • Eligible cash protection is listed up to £120,000

Cons

  • Basic FX fee is 0.99% on non-GBP trades
  • Standard costs £5.99 per month when billed monthly
  • Plus costs £11.99 per month when billed monthly
  • Fractional share elements cannot be transferred
  • Direct Debit cash is not usually withdrawable for 3 working days
  • Crypto ETNs are not protected by FSCS
  • Treasuries cannot be sold before maturity
  • Cash additions must be in pounds sterling
IC Markets

IC Markets

Pros

  • Raw spreads start from 0.0 pips
  • Raw Spread, cTrader and Standard accounts have $0 minimum deposit
  • Standard account shows $0 commission
  • IC charges no additional deposit or withdrawal fees
  • Average execution speed is under 40ms
  • 24-hour trading on over 100 leading US stocks
  • Free demo account is available

Cons

  • Raw Pro+ requires a $100,000 minimum deposit
  • Raw Pro requires a $5,000 minimum deposit
  • MetaTrader Raw Spread charges $3.50 per lot per side
  • ASX market data costs $22 AUD per month
  • ASX Share CFDs have a $7 AUD minimum commission per trade
  • International bank wire withdrawals may take up to 14 days
  • Withdrawal processing fee may apply if deposits were not used for trading
Freetrade

Freetrade

Freetrade is an investing platform with £0 dealing commissions, free ISA and SIPP access, stocks, ETFs, funds, gilts, ready-made portfolios and Crypto ETNs.

Visit Freetrade Read review

Your capital is at risk. Other fees apply.

IC Markets

IC Markets

IC Markets is a Forex and CFD broker offering MT4, MT5, cTrader and TradingView, with raw spreads from 0.0 pips and forex, stocks, bonds, futures and crypto CFDs.

Visit IC Markets Read review

Your capital is at risk. Other fees apply.

Not the right match?

Line up any two brokers side by side, or browse the full list to find your next platform.

Compare another broker Browse all brokers