IC Markets vs Mitrade - BrokerCue
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Broker Comparison

IC Markets vs Mitrade

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

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…

VS
Mitrade

Mitrade

Beginner CFD and forex traders

Mitrade is a CFD and forex broker offering 800+ instruments across forex, stocks, indices, commodities, ETFs …

Head-to-head comparison

IC Markets vs Mitrade
Feature IC Markets Mitrade
Minimum deposit Raw Spread, cTrader and Standard accounts: $0; Raw Pro: $5,000; Raw Pro+: $100,000 -
Stock trading fee ASX market data fee fixed at $22 AUD per month; ASX Share CFDs minimum commission fee of $7 AUD per trade -
Regulators FSA, CySEC ASIC, CySEC, CIMA, FSC, FSCA, CMA
Best for Active forex and CFD traders Beginner CFD and forex traders
Markets & account
Stocks
-
Forex
CFDs
Crypto
Bonds
-
Futures
-
Demo Account
Margin
-
Multi Currency
-

Pros & cons

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
Mitrade

Mitrade

Pros

  • Zero commission on all trades
  • Regulated by ASIC and CySEC (Tier-1 regulators) plus CIMA, FSC, FSCA and CMA
  • No deposit or withdrawal fees
  • Proprietary platform available on web, desktop and mobile
  • Free demo account with virtual funds
  • 800+ CFD instruments including forex, stocks, indices, commodities, ETFs and crypto
  • Negative balance protection
  • Low minimum deposit of $50

Cons

  • No MetaTrader 4, MetaTrader 5 or cTrader support
  • All positions are CFDs - no ownership of underlying assets
  • $10 monthly inactivity fee after 6 months (non-EEA accounts)
  • Demo account expires after 90 days
  • No copy trading or social trading features
  • No swap-free Islamic account
  • Single account type with no ECN or raw spread option
  • Account currency cannot be changed after opening
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.

Mitrade

Mitrade

Mitrade is a CFD and forex broker offering 800+ instruments across forex, stocks, indices, commodities, ETFs and crypto through a proprietary platform.

Visit Mitrade Read review

Your capital is at risk. Other fees apply.

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