FreshForex vs IC Markets Comparison

FreshForex does not have licenses from leading global regulators, which increases the risks for clients. It operates in an offshore jurisdiction, so the level of investor protection is limited.

IC Markets operates under the regulation of several jurisdictions, including ASIC in Australia, CySEC in Cyprus, and SFSA in the Seychelles, indicating a high degree of regulation.

Opening an account with FreshForex is quick, with detailed verification and a wide selection of currencies, including cryptocurrencies. The minimum deposit of $25 makes the broker accessible to most traders.

The account opening process at IC Markets is well-thought-out, transparent, and detailed, ensuring convenience and ease for clients. However, the high minimum deposit may deter many beginners.

FreshForex offers a wide range of accounts, including ECN, cent, and Islamic accounts, as well as a demo account. However, the lack of PAMM and copy trading limits the options for passive investors.

IC Markets' accounts are mainly aimed at experienced and professional traders.

FreshForex's commissions are above average, especially for certain currency pairs, but the absence of inactivity fees and a unique cashback program partially compensate for this drawback.

IC Markets has low commissions. Fees for transactions on ECN accounts and spreads are acceptable to most traders, and the absence of charges for deposits/withdrawals and account inactivity is a significant advantage.

FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.

IC Markets offers multiple options for depositing and withdrawing funds, but possible fees from banks and payment systems should be considered, along with some restrictions on withdrawal methods.

FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.

IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.

FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.

IC Markets provides powerful and functional trading platforms suitable for various trader categories.

FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.

IC Markets provides its clients with an extensive set of analytical tools and materials, which can assist them in successful trading in the financial markets.

FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.

IC Markets offers a wide range of educational resources, from interactive video lessons to webinars and podcasts, demonstrating care for their clients and a commitment to providing all the necessary resources for successful trading.

FreshForex's technical support is competent and responsive, but the lack of online chat and messengers slightly reduces the convenience of communication.

IC Markets provides a variety of communication channels, ensuring support service accessibility for clients. Numerous client reviews indicate the support team's quick response and high professionalism.