IC Markets vs NordFX Comparison

Last updated Mar 28, 2025
IC Markets LogoIC Markets
4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
NordFX LogoNordFX
3.5/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of IC Markets and NordFX

BrokerIC MarketsNordFX
Rating
4.7/5
3.5/5
Foundation Year20072008
Regulated in CountriesSeychelles, Australia, Cyprus, Kenya
Minimum Deposit
  • 200 USD
  • 200 EUR
  • 200 CHF
  • 200 GBP
  • 200 AUD
  • 200 NZD
  • 200 SGD
  • 1500 HKD
  • 30000 JPY
  • 10 USD
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:5001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • cTrader
  • TradingView
  • MetaTrader 4
ReviewIC Markets Review NordFX Review

IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.

NordFX suits traders who prefer MetaTrader 4 and value various analytical tools. It is perfect for those who prioritize individual support and tight spreads.

IC Markets Review

IC Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
compare IC Markets trading accounts

IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.

IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.

Pros and Cons of IC Markets

Pros

  1. A wide range of trading assets.
  2. Low spreads.
  3. Variety of trading platforms.
  4. Quality educational materials.
  5. Efficient customer support service.

Cons

  1. High minimum deposit.

IC Markets is in the top 10 of the following ratings:

NordFX Review

NordFX Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 4
compare NordFX trading accounts

NordFX is a broker with various trading accounts and conditions, making it attractive for different categories of traders — from beginners to professionals. Tight spreads and analytical tools are backed by good technical support, which is a significant plus.

NordFX is suitable for traders who prefer to use MetaTrader 4 and who do not require a wide range of CFDs or alternative trading platforms. This broker is perfect for those seeking diverse market analysis options and personalized support.

Pros and Cons of NordFX

Pros

  1. Diversity of trading accounts and services.
  2. Tight spreads.
  3. Wide range of deposit and withdrawal methods.
  4. Extensive set of analytical tools.
  5. Good customer support.

Cons

  1. Lack of regulation.
  2. High commission on Zero account.
  3. Long withdrawal request processing time.
  4. Lack of soft commodities and limited overall number of CFDs.
  5. There are no alternatives to MT4.

NordFX is in the top 10 of the following ratings:

Reliability

BrokerIC MarketsNordFX
Reliability
5/5
2/5
Foundation Year20072008
Regulated in CountriesSeychelles, Australia, Cyprus, Kenya
Regulators
-

IC Markets

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.

NordFX

NordFX holds legal registration, but the lack of regulation diminishes its reliability, which is crucial for protecting client interests.

Account Opening

BrokerIC MarketsNordFX
Account Opening
4.5/5
5/5
Minimum Deposit
  • 200 USD
  • 200 EUR
  • 200 CHF
  • 200 GBP
  • 200 AUD
  • 200 NZD
  • 200 SGD
  • 1500 HKD
  • 30000 JPY
  • 10 USD

IC Markets

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.

NordFX

Registration is simple and intuitive, with minimal requirements to start trading. Verification, while mandatory, complies with international standards.

Account Types

BrokerIC MarketsNordFX
Account Types
3.8/5
5/5
Trading Accounts
  • Standard
  • Raw Spread cTrader
  • Raw Spread
  • Fix
  • Pro
  • Zero
Minimum Deposit
  • 200 USD
  • 200 EUR
  • 200 CHF
  • 200 GBP
  • 200 AUD
  • 200 NZD
  • 200 SGD
  • 1500 HKD
  • 30000 JPY
  • 10 USD
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:5001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • cTrader
  • TradingView
  • MetaTrader 4
Demo Account
Swap-free Account

IC Markets

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

Pros

  1. ECN accounts
  2. Ability to copy trades
  3. Access to VPS

Cons

  1. No cent accounts
  2. No fixed spread accounts

NordFX

NordFX offers a wide range of account types and services.

Pros

  1. Flexible options for different traders.
  2. PAMM accounts and copy trading available.
  3. VPS available.

Cons

  1. Lack of cent accounts.

Commissions

BrokerIC MarketsNordFX
Commissions
4.5/5
2.5/5
Spreadfrom 0 pointsfrom 0 points
Average Spread (EURUSD)0.621.2
Commission per Lot$3.5$3.5

IC Markets

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.

NordFX

NordFX's commission policy is quite flexible and offers various options for different types of traders.

Pros

  1. Flexible commission system suitable for different strategies.
  2. Tight spreads on the Pro account.

Cons

  1. Above-average transaction commission on the Zero account.
  2. Inactivity fee.
  3. High swaps.

Deposit and Withdrawal

BrokerIC MarketsNordFX
Rating
4.5/5
4/5
Account Funding Methods
  • PayPal
  • Neteller
  • Skrill
  • Bpay
  • FasaPay
  • Klarna
  • Swift
  • SEPA
  • Visa
  • Mastercard
  • UnionPay
  • POLi
  • Rapidpay
  • WebMoney
  • Skrill
  • Neteller
  • Perfect Money
  • Dragonpay
  • AstroPay
  • TC Pay
  • FasaPay
  • Boleto
  • DOKU Wallet
  • Binance Pay
  • Swift
  • Visa
  • Mastercard
  • Ngan Luong
  • Help2pay
  • PayTrust88

IC Markets

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.

NordFX

NordFX offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies. Most transactions are processed quickly, but withdrawal times can take up to 5 business days.

Pros

  1. Numerous available deposit methods.
  2. Competitive commissions.
  3. Instant account funding.

Cons

  1. Withdrawal time up to 5 business days.
  2. Withdrawal only by the same method as deposit.
  3. Verification required for fund withdrawal.

Markets and Products

BrokerIC MarketsNordFX
Markets and Products
5/5
4/5
Forex6133
Precious Metals72
Energy Carriers53
Soft Commodities8-
Indices254
Stocks217568
ETF38-
Bonds10-
Cryptocurrency2115

IC Markets

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

NordFX

NordFX offers a variety of markets, including currencies, metals, and cryptocurrencies. However, the selection is limited compared to competitors, especially in terms of CFDs and the lack of soft commodities.

Pros

  1. Diversity of asset classes.
  2. Access to 15 cryptocurrencies.

Cons

  1. Lack of soft commodities.
  2. Limited number of CFDs.

Trading Platforms

BrokerIC MarketsNordFX
Rating
5/5
3/5
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • cTrader
  • TradingView
  • MetaTrader 4

IC Markets

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

NordFX

NordFX provides the MetaTrader 4 platform, which is reliable and feature-rich. The platform is available on various devices, including MultiTerminal for managing multiple accounts.

Pros

  1. Reliable and proven MT4 platform.
  2. Desktop and mobile versions available.
  3. MultiTerminal for managing multiple accounts.

Cons

  1. Lack of a web-based platform.
  2. Limited choice of trading platforms.

Analytics

BrokerIC MarketsNordFX
Rating
5/5
4/5

IC Markets

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.

NordFX

NordFX boasts strong analytics. A variety of tools are offered: weekly forecasts, economic calendar, trader's calculator.

Pros

  1. Weekly forecasts for Forex and cryptocurrencies.
  2. Economic calendar.
  3. Convenient calculator for estimating potential profits.

Cons

  1. Lack of trading signals.
  2. Insufficient analytics from company experts.
  3. Limited selection of analytical materials.

Education

BrokerIC MarketsNordFX
Rating
5/5
4/5

IC Markets

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.

NordFX

The broker offers a variety of video and audio courses, as well as useful articles in the blog, which is a plus for self-directed trader education.

Pros

  1. Variety of formats: video, audio, articles.
  2. Materials for different skill levels.
  3. Regular blog publications.

Cons

  1. Lack of webinars.
  2. No seminars or master classes.
  3. No personalized training.

Customer Support

BrokerIC MarketsNordFX
Rating
4.7/5
5/5
Email Support
  • clientrelations@icmarkets.com
  • support@icmarkets.com
  • accounts@icmarkets.com
  • support@nordfx.com
Hotline Phones
  • +2484671976
  • +35725030262
Social Media

IC Markets

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.

Pros

  1. Positive reviews about professional support
  2. Multiple channels for support communication
  3. Support is available 24/7

Cons

  1. Only international call option is available

NordFX

NordFX technical support deserves high praise for the variety of communication channels and the effectiveness of the solutions provided. Client reviews highlight the high level of service.

Pros

  1. 24/7 availability.
  2. Multiple communication channels: live chat, email, phone.
  3. High level of staff professionalism.

Alternatives to IC Markets and NordFX

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.