FXTM (ForexTime) vs IC Markets
Can't decide between FXTM (ForexTime) and IC Markets? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 27, 2026
Executive Summary
FXTM (ForexTime) and IC Markets are both well-established forex brokers, but they serve different types of traders. FXTM (ForexTime) scores 80/100 in our TrustMetrics™ system, while IC Markets leads with 97/100.
On pricing, IC Markets offers tighter EUR/USD spreads (0.02 pips vs 0.1 pips). FXTM (ForexTime) supports MT4, MT5, FXTM Trader App while IC Markets offers MT4, MT5, cTrader.
For regulation, FXTM (ForexTime) holds licenses from CySEC, FCA, FSCA, FSC while IC Markets is regulated by ASIC, CySEC, FSA. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
IC Markets scores higher in our TrustMetrics system (97/100) compared to FXTM (ForexTime) (80/100), making it the safer choice.
Lowest Spreads
IC Markets offers better pricing with an average EUR/USD spread of 0.02 pips, beating the 0.1 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $10, FXTM (ForexTime) is the more accessible option for new traders.
Detailed Comparison
| Feature | FXTM (ForexTime) | IC Markets |
|---|---|---|
| Trust Score | 80/100 | 97/100 |
| Spreads From | 0.0 pips | 0.0 pips |
| Avg EUR/USD Spread | 0.1 pips | 0.02 pips |
| Commission | $0.4-2/lot on Advantage | $7.00/lot |
| Execution Speed | < 25ms | 18ms |
| Max Leverage | 1:2000 | 1:500 |
| Minimum Deposit | $10 | $200 |
| Instruments | 1,100+ | 2,250+ |
| Account Types | Micro, Advantage Plus, Advantage | Standard, Raw Spread, cTrader Raw |
| Platforms | MT4, MT5, FXTM Trader App | MT4, MT5, cTrader |
| Top Regulators | CySEC, FCA, FSCA, FSC | ASIC, CySEC, FSA |
| Withdrawal Speed | 1-2 business days | 1-2 business days |
| Inactivity Fee | $5/month after 6 months | $0 (No inactivity fee) |
| Customer Support | 24/5 Live Chat, Email, Phone | 24/7 Live Chat, Email, Phone |
Which Broker Should You Choose?
Choose FXTM (ForexTime) if...
- ✓You want to start with a very low minimum deposit
- ✓You need the tightest possible spreads for scalping
- ✓You value emerging markets and african traders
Choose IC Markets if...
- ✓You need the tightest possible spreads for scalping
- ✓You prefer cTrader's advanced order management
- ✓You are a scalper or algorithmic trader
FXTM (ForexTime) Pros & Cons
Pros
- ✓ CySEC and FCA regulated — strong Tier-1 regulatory backing
- ✓ Advantage account offers 0.0 pip spreads with ultra-low $0.4-2/lot commission
- ✓ Exceptional localized service for Africa, Middle East, and Asia — including M-Pesa payments
- ✓ Micro account with $10 minimum — extremely accessible for beginners
- ✓ Strong educational content with webinars, seminars, and localized learning materials
Cons
- × Offshore entity (FSC Mauritius) has weaker regulation for some clients
- × 1:2000 leverage only available on offshore entity — risky for beginners
- × No cTrader or TradingView support
- × Stock CFD selection is limited to 250+ instruments
- × Spreads on Micro account are wider than ECN alternatives
IC Markets Pros & Cons
Pros
- ✓ True 0.0 pip spreads during London and NY sessions
- ✓ Industry-leading 18ms execution speed
- ✓ Free Equinix NY4 VPS for active traders
- ✓ No trading restrictions (perfect for EAs)
- ✓ Transparent $6/lot commission on cTrader
Cons
- × No proprietary trading platform or TradingView integration
- × Education section is basic compared to competitors
- × No deposit bonus or welcome offers
The Bottom Line: FXTM (ForexTime) vs IC Markets
- ✓ Emerging Markets
- ✓ African Traders
- ✓ Ultra-Low Commissions
- ✓ Localized Service
- ✓ Beginner Accessibility
- ✓ Lower minimum deposit ($10)
- ✓ Scalping
- ✓ Algorithmic Trading
- ✓ Low Spreads
- ✓ ECN Trading
- ✓ Tighter EUR/USD spreads (0.02 pips)
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
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