Updated September 29, 2026 · BrokerCue Editorial Team
FXOpen vs IC Markets
What sets them apart
| Compare |  FXOpen | IC Markets ReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | $100Lower | $200 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto | Stocks, Forex, CFDs, Futures, Crypto, Bonds |
| Regulators | CySEC, FCA | SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Platforms | TickTrader, MT4, MT5 | MetaTrader 4, MetaTrader 5, CTrader, TradingView, WebTrader, IC Social |
| Inactivity fee | Not confirmed | $0 |
| Retail accounts that lose money | 60% | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | No internal deposit fees |
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Key differences
- FXOpen scores higher overall: 9.1 vs 9.0.
- Regulators: only FXOpen offers CySEC, FCA.
- Regulators: only IC Markets offers SIPC.
- FXOpen is licensed in 1 more country.
- Minimum deposit is lower at FXOpen: $100 vs $200.
- Markets: only FXOpen offers ETFs.
- Markets: only IC Markets offers Futures, Bonds.
- Platforms: only FXOpen offers TickTrader, MT4, MT5.
- Platforms: only IC Markets offers MetaTrader 4, MetaTrader 5, CTrader.
- Features: only FXOpen offers Crypto.
Our verdict on each
FXOpen
FXOpen suits traders who want one account spanning forex, CFDs, stocks, ETFs and crypto under FCA and CySEC oversight, with investor protection of EU ICS up to EUR 20,000. The minimum deposit of $100 is the catch, placing it well above the site median of €4.64 and above Vantage at $5.
IC Markets
IC Markets suits experienced day-traders who want a wide market list and no account fee, and it is a weaker fit if you want to start small. The minimum deposit of $200 is the number most readers will notice, while the inactivity fee of $0 takes that worry away.
Score breakdown
| Area | FXOpen | IC Markets |
|---|---|---|
| Cost | 8.5 | 8.9HigherMinimum deposit of $200 sits above the site median of €4.64, while the inactivity fee is $0. |
| Offer | 9.4 | 9.8Higher |
| Trust | 9.5Higher | 8.6 |
Which one suits you
Pick FXOpen if trust and minimum deposit matter most.
Pick IC Markets if cost and offer matter most.
A third option
ActivTrades has minimum deposit at $0, against $100 for FXOpen and $200 for IC Markets.
ActivTrades reviewWhere these facts come from
FXOpen
- fxopen.com: 5 facts, checked September 26, 2026
- scribd.com: 1 fact, checked September 26, 2026
- topforextradingbrokers.com: 1 fact, checked September 26, 2026
IC Markets
- ic.com: 5 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
- hercules-finance.com: 2 facts, checked September 26, 2026
- fxranking.com: 1 fact, checked September 26, 2026
How they place
| Ranking | FXOpen | IC Markets |
|---|---|---|
| Stock and ETF brokers | 114 of 471 | 140 of 471 |
| Forex brokers | 50 of 147 | 60 of 147 |
| Low-spread forex brokers | 48 of 145 | 58 of 145 |
| CFD brokers | 40 of 122 | 50 of 122 |
Every fact side by side
| Fact | FXOpen | IC Markets |
|---|---|---|
| Features | Demo account, Crypto, Mobile app | Demo account, Copy trading, Mobile app |
| Pricing model | Not confirmed | Low fees |
| Audience | Not confirmed | Experienced, Day traders |
| Legal entity | Not confirmed | RB INTERNATIONAL MARKETS (USA) LLC |
Where each stands against the rest
| Fact | FXOpen | IC Markets | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $200highest quarter | $25 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | 60%lowest quarter | Not confirmed | 72.05% |
Median across 134 listed brokers.
Pros and cons
FXOpen
Pros
- One account covers stocks, ETFs, forex, CFDs and crypto, all listed under stocks, etfs and forex.
- Regulated by CySEC and FCA, so the UK operation sits under the FCA and the Cyprus operation under CySEC.
- Investor protection is stated at EU ICS up to EUR 20,000 for eligible claims.
Cons
- The minimum deposit of $100 is far above the site median of €4.64.
- On minimum deposit FXOpen ranks 148 of 213 brands compared.
- The cost score is 2.7 and the overall score is 2.7, so value is the weak side.
IC Markets
Pros
- The inactivity fee is $0, and the brand ranks at 1 of 56 brands on that measure.
- Deposit and withdrawal carry no internal fees, so moving money in and out does not add to the cost of a trade.
- You can trade stocks, forex, contracts for differences, futures, crypto and bonds from one account, which is a wider list than eToro's stocks, etfs and forex.
Cons
- The minimum deposit of $200 sits above the site median of €4.64, so the account is less accessible than CFI, where the minimum deposit is $0.
- The brand ranks at 172 of 213 brands on minimum deposit, which puts the entry cost near the expensive end of the list.
- The stated audience is experienced traders and day-traders, so a first-time investor gets less hand-holding than the low-fees brands on the site.
Who each suits
FXOpen
Who it suits
- Traders who want forex and CFDs next to stocks, ETFs and crypto in a single account.
- UK and EU residents who want a broker listed with CySEC and FCA and a stated protection scheme.
- Users of TickTrader, MT4 or MT5 who want a demo account before committing money.
Who should look elsewhere
- Newcomers starting with a small amount: CFI asks a minimum deposit of $0.
- Traders who want futures in the market list: eToro covers stocks, etfs and forex.
- Anyone wanting a lower entry point: Vantage takes $5 against FXOpen's $100.
IC Markets
Who it suits
- Experienced day-traders trading forex, contracts for differences, futures and crypto through a single account
- Anyone who trades on several platforms and wants MetaTrader, cTrader, TradingView and a web platform side by side
- Traders who want to hold an account open without paying an inactivity fee
Who should look elsewhere
- First-time investors who want a guided, beginner-led platform, where eToro suits better
- Anyone starting with a small amount, since Vantage opens at a minimum deposit of $5 against $200 here
- Long-term investors building a portfolio of funds or exchange-traded products, which eToro covers with its wider stocks, etfs and forex
Questions about each
FXOpen
What is the minimum deposit at FXOpen?+
The minimum deposit is $100. That is well above the site median of €4.64 and places FXOpen at 148 of 213 brands compared on this measure. Anyone starting with a small balance is better served by a lower entry point elsewhere.
Who regulates FXOpen?+
FXOpen lists CySEC and FCA. The Cyprus entity is supervised by CySEC and the UK entity by the FCA, so UK customers sit under the UK regulator while EU customers sit under the Cyprus one. The listed protection scheme is EU ICS up to EUR 20,000.
IC Markets
What is the minimum deposit to open an IC Markets account?+
The minimum deposit is $200. Set that against the site median of €4.64 to see where the entry point sits, and remember this money is committed before any trade is placed. Readers starting small may prefer a lower floor elsewhere.
Is there an inactivity fee at IC Markets?+
The inactivity fee is $0, so an account can sit open without a charge for being dormant. The brand ranks at 1 of 56 brands on that measure, which makes it one of the strongest results in our data for holding costs.
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