In today's global investment market, choosing a reliable broker is an important step towards investment success。Among the many brokers,FXCM and IC Markets are two of the most talked about。Below, we will make an exhaustive comparison of the two brokers from several key factors。

Regulation and security of funds

FXCM: FXCM is regulated by a number of world-renowned regulators, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the South African Financial Conduct Authority (FSCA).。These stringent regulatory environments ensure the safety of client funds。

IC Markets: IC Markets is also regulated by ASIC and the Cyprus Securities and Exchange Commission (CySEC) and has a branch in the Bahamas where it is regulated by the Securities Commission of the Bahamas (SCB)。

Both meet strict regulatory requirements and provide good security for customer funds。

Trading platforms and tools

FXCM: FXCM mainly offers trading platforms such as MetaTrader 4, Trading Station and ZuluTrade。These platforms cater to a wide range of needs from novice to professional traders, including Expert Advisors (EA), advanced charting tools, and features such as one-click trading。

IC Markets: Similar to FXCM, IC Markets also offers MetaTrader 4 and MetaTrader 5 platforms, with an additional cTrader platform。These platforms offer a wealth of analytics tools, as well as features such as ultra-low latency order execution。

Both offer top trading platforms to meet the needs of all types of traders。

Transaction costs and account types

FXCM: FXCM offers multiple account types including standard and Active Trader accounts。Standard accounts do not require a minimum deposit, with spreads averaging 1.3 points。Active Trader accounts are aimed at traders with large trading volumes, offering lower spreads and more services。

IC Markets: IC Markets offers standard accounts and raw spread accounts。Standard accounts do not require a minimum deposit, spreads start at 1 point。The original spread account has $3..5's commission, but the spread is as low as 0 points。

Both have low transaction costs, are competitive, and both offer account types for different traders。

Deposit and withdrawal methods

FXCM: FXCM supports bank transfer, credit / debit card, and electronic wallet (such as Skrill, Neteller) and other ways of deposit and withdrawal。But it's worth noting that some of the ways may charge a fee。

IC Markets: IC Markets has a wide range of deposit and withdrawal methods, including bank transfers, credit / debit cards, e-wallets (such as PayPal, Skrill, Neteller), and other international payment methods。IC Markets does not charge fees for deposits and withdrawals, but third-party payment providers may charge fees。

Both offer a variety of ways to deposit and withdraw money, but there may be some differences in fees。

Educational resources and customer service

FXCM: FXCM's educational resources are very rich, including trading fundamentals courses, market analysis, introduction to trading tools, trading strategy sharing, and webinars.。In addition, FXCM provides 24 / 5 online customer service, which can be contacted through online chat, email, phone, etc.。

IC Markets: IC Markets also offers a wealth of educational resources including trading tutorials, market news, economic calendars, FAQs and more。IC Markets customer service support 24 / 7, you can get help by phone, email, and live chat。

Both do an excellent job in educational resources and customer service, which is especially important for novice traders。

SUMMARY

Both FXCM and IC Markets are world-renowned brokers that excel in regulation, trading platforms, transaction costs, deposit and withdrawal methods, educational resources, and customer service。When choosing a broker, investors need to make a comparative choice based on their actual needs。It is also very helpful to try it out through a demo account before deciding on the choice。Whether your choice is FXCM or IC Markets, understanding and understanding the broker's services is key to successful trading。