IC Markets vs Moneybox - BrokerCue
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Broker Comparison

IC Markets vs Moneybox

Compare IC Markets and Moneybox 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
Moneybox

Moneybox

UK beginners saving for the long term

Moneybox is a UK savings and investing app offering ISAs, a Lifetime ISA, pension, round-up investing and rea…

Head-to-head comparison

IC Markets vs Moneybox
Feature IC Markets Moneybox
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 £0 commission; 0.45% FX fee applies to US stock trades
Regulators FSA, CySEC FCA
Best for Active forex and CFD traders UK beginners saving for the long term
Markets & account
Stocks
ETFs
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Forex
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CFDs
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Crypto
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Bonds
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Futures
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Demo Account
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Funds
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Ready Made Portfolios
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Fractional Shares
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Investment Plans
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Isa
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Sipp
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Savings Vaults
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Business Account
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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
Moneybox

Moneybox

Pros

  • No commission on buying or selling investments
  • No withdrawal fee and no inactivity fee
  • Lifetime ISA with 25% government bonus available
  • SIPP has no monthly subscription fee
  • Round-up feature automates investing from everyday card purchases
  • Wide account range: Stocks ISA, Cash ISA, LISA, Junior ISA, SIPP, GIA
  • Low £1 minimum investment
  • FCA regulated with FSCS protection

Cons

  • £1 monthly subscription fee can disproportionately affect small portfolios
  • 0.45% annual platform fee is higher than some low-cost alternatives
  • Very limited individual stock selection (approximately 20 US stocks)
  • Mobile app only - no full desktop web platform
  • No demo account
  • No advanced charting, research tools or economic calendar
  • Transfers in can take up to 30 days
  • Cash ISA requires £500 minimum and drops to a lower rate below that threshold
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.

Moneybox

Moneybox

Moneybox is a UK savings and investing app offering ISAs, a Lifetime ISA, pension, round-up investing and ready-made portfolios, aimed at long-term savers.

Visit Moneybox Read review

Your capital is at risk. Other fees apply.

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