Updated October 13, 2026 · BrokerCue Editorial Team
IC Markets vs Mitrade
Facts checked September 26, 2026.
What sets them apart
| Compare | IC Markets ReviewSee alternativesSee alternatives |  Mitrade |
|---|---|---|
| Markets | Stocks, Forex, CFDs, Futures, Crypto, Bonds | Stocks, ETFs, Forex, CFDs, Crypto |
| Regulators | SIPC | ASIC, CIMA, CySEC, FSC |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Platforms | MetaTrader 4, MetaTrader 5, CTrader, TradingView, WebTrader, IC Social | Mitrade trading platform |
| Minimum deposit | $200 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Deposit and withdrawal fees | No internal deposit fees | Not confirmed |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Regulators: only IC Markets offers SIPC.
- Regulators: only Mitrade offers ASIC, CIMA, CySEC.
- Mitrade is licensed in 3 more countries.
- Markets: only IC Markets offers Futures, Bonds.
- Markets: only Mitrade offers ETFs.
- Platforms: only IC Markets offers MetaTrader 4, MetaTrader 5, CTrader.
- Platforms: only Mitrade offers Mitrade trading platform.
- Features: only IC Markets offers Copy trading.
- Features: only Mitrade offers Crypto.
Our verdict on each
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.
Mitrade
Mitrade centres on CFDs covering forex, gold, oil and major indices through its own trading platform. It is an EU regulated broker within Mitrade Group and suits retail investors in Europe who want mobile and desktop CFD trading with segregated funds and negative balance protection.
Score breakdown
| Area | IC Markets | Mitrade |
|---|---|---|
| Cost | 8.9Minimum deposit of $200 sits above the site median of €4.64, while the inactivity fee is $0. | Not confirmed |
| Offer | 9.8Higher | 8.8 |
| Trust | 8.6 | 9.9Higher |
Where they rank in our lists
| Ranking | IC Markets | Mitrade |
|---|---|---|
| Stock and ETF brokers | 140 of 471 | 378 of 471 |
| Forex brokers | 60 of 147 | 127 of 147 |
| Low-spread forex brokers | 58 of 145 | 125 of 145 |
| CFD brokers | 50 of 122 | 106 of 122 |
Side by side, item by item
| Markets | IC Markets | Mitrade |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Futures | Yes | No |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
Where these facts come from
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
Mitrade
- mtdaffiliates.com: 4 facts, checked September 26, 2026
- mitrade.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | IC Markets | Mitrade |
|---|---|---|
| Features | Demo account, Copy trading, Mobile app | Crypto, Demo account, Mobile app |
| Pricing model | Low fees | Not confirmed |
| Audience | Experienced, Day traders | Not confirmed |
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Not confirmed |
Where each stands against the rest
| Fact | IC Markets | Mitrade | Median |
|---|---|---|---|
| Minimum deposit | $200highest quarter | Not confirmed | $25 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
Median across 134 listed brokers.
Pros and cons
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.
Mitrade
Pros
- Licensed and regulated by CySEC as an EU regulated broker
- Client funds held in segregated accounts with reputable banks
- Negative balance protection limits losses to account balance
Cons
- CFD focused range which does not suit long term physical investors
Who each suits
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
Mitrade
Who it suits
- Retail investors wanting mobile CFD trading
- Europeans seeking an EU regulated CFD provider
Who should look elsewhere
- Long term investors wanting direct share ownership
Questions about each
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.
Mitrade
What does Mitrade offer to retail investors?+
Mitrade offers CFD trading on global financial markets through its own trading platform. Investors can trade from desktop and through apps for iOS and Android. A demo account allows practice before trading live markets.
Which markets does Mitrade cover?+
Mitrade covers CFDs across forex, gold, oil and indices such as DAX. The range also spans stocks, ETFs and crypto as CFDs. The platform displays buy and sell prices with daily changes and charts to support strategy.
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