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Head to head
IC Markets or moomoo? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.
One of the most data-rich free trading platforms on the market — if you happen to live in one of the seven countries it serves.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
Four decision axes, each derived from the recorded data.
Overall moomoo takes it, 4.3 against 4.2 out of 5. The two pricing models cannot be converted like for like; the fee rows in the table carry the detail. moomoo scores 86 against 70 out of 100 on the group index. Your account's protection depends on its legal entity. IC Markets covers more ground with 9 of 14 asset classes against 7. On platform and app moomoo is ahead, 4.6 against 4.1 out of 5. Which one is right depends on which of these axes matters for your trading profile.
Up to four brokers at once — every row a decision point.
Data as of: 30 Aug 2026
| Criterion | ||
|---|---|---|
| Overall score | 4.2 | 4.3 — Better |
| Group index | 70 of 100 | 86 of 100 |
| Best for | Algorithmic and EA tradersScalping and high-frequency FXcTrader usersHigh-volume tradersCopy trading | Data-driven active tradersUS options tradersAsia-Pacific investorsLevel 2 depth usersMulti-market stock pickers |
| Regulation | ASICCySECFSCAFSASCBCMA | FINRAMASASICCIROSC |
| Top-tier licences | 1 | 4 — Better |
| Investor protection | €20,000 | CA$1,000,000 — Better |
| Listed group | No | Yes |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | Yes | No |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | 1 | 1 |
| Founded | 2007 | 2012 |
| Headquarters | Sydney, AU | Jersey City, New Jersey, US |
| Fees | 4.7 — Better | 4.5 |
| Safety & regulation | 3.9 | 4.3 — Better |
| Trading platform | 4.5 | 4.6 — Better |
| Product range | 3.7 | 3.8 — Better |
| Mobile app | 3.6 | 4.5 — Better |
| Research | 3.6 | 4.4 — Better |
| Customer support | 4.5 — Better | 3.2 |
| Deposit & withdrawal | 4.4 — Better | 3.9 |
| Account opening | 4.3 | 4.5 — Better |
| Education | 3.3 | 4.0 — Better |
| Reference order EUR 5,000 | 0.1 % (CFD) | €0.00 |
| Minimum deposit | €200 | None — Better |
| Stocks (per order) | 0.1 % (CFD) | Free |
| US stocks | US$0.02/share (CFD) | Free |
| ETFs | Not offered | Free |
| Options | Not offered | Free |
| Futures | in the spread | US$1.99 |
| Crypto | in the spread | n/a |
| Bonds (order) | in the spread | n/a |
| Funds (order) | n/a | n/a |
| EUR/USD spread | 0.8 pips | n/a |
| Index CFD spread | n/a | n/a |
| FX conversion | n/a | n/a |
| Inactivity fee | €10 · after 6 months | None — Better |
| Custody fee | None | n/a |
| Withdrawal fee | free | free |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 9 — Better | 7 |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | No | Yes |
| Options | No | Yes |
| Futures | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
| Funds | No | Yes |
| Commodities | Yes | No |
| Indices | Yes | Yes |
| Warrants | No | No |
| Spread betting | No | No |
| Social trading | Yes | No |
| Platforms | MetaTrader 4MetaTrader 5cTraderTradingViewIC Markets appFIX API | moomoo Desktopmoomoo mobile appmoomoo Webmoomoo OpenAPITradingView integration |
| Demo account | Yes | Yes |
| Fractional shares | No | Yes |
| Maximum leverage | 1:30 · Pro 1:500 | 1:4 |
| Account opening | Digital application, usually approved within one business day | Fully digital application; most accounts are approved within one business day |
| Account types | Raw Spread (MT4/MT5)cTrader RawStandardRaw ProRaw Pro+Swap-free | Individual cash accountIndividual margin accountLegal entity / corporate account |
| Payment methods | Bank transferSEPACredit cardDebit cardPayPalSkrillNetellerApple PayGoogle PayCrypto | Bank transfer |
| Account currencies | EURUSDGBP | USDSGDHKDAUD |
| Deposit time | Instant to 12 hours on cards and e-wallets, 1-3 business days by bank transfer | ACH typically 1–3 business days; wires same or next business day |
| Withdrawal time | Same day to 1 business day on e-wallets and crypto, 2-5 business days by bank wire | 1–3 business days by ACH; same day by wire |
| Free withdrawals | n/a | n/a |
| Languages | EnglishGermanSpanishFrenchItalianPortugueseChineseVietnameseThaiArabic | EnglishChinese |
| Channels | PhoneEmailLive chat | PhoneEmailLive chat |
| Availability | 24/7 | US phone Mon–Fri 08:30–16:30 ET; online enquiries handled 24/7 |
Editorial assessment based on the recorded data.
IC Markets
One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.
Pros
Cons
Best for
moomoo
One of the most data-rich free trading platforms on the market — if you happen to live in one of the seven countries it serves.
Pros
Cons
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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