IC Markets vs MCC Markets
IC Markets or MCC Markets – which is better for UK traders 2024? Compare IC Markets and MCC Markets in this detailed breakdown of their platforms, features and fees.
IC Markets | MCC Markets |
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IC Markets is ranked #6 among CFD brokers. | MCC Markets is ranked #94 among CFD brokers. |
IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries. | MCC Markets is an offshore broker that offers high leverage and customized trading. |
Despite claims to be regulated by the Securities Commission of Bahamas (SCB), our experts found no active registration. This is a serious red flag and may suggest the broker is acting dishonestly with limited account and legal protections afforded to traders. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | No |
Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | CFDs, Forex, Indices, Metals, Energies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$200 | $50 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, CySEC, FSA, CMA | |
Mobile Apps | |
iOS & Android | Android |
Trading App | |
IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
Yes | Yes |
cTrader | |
Yes | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
Yes | No |
STP Account | |
No | Yes |
ECN Account | |
Yes | Yes |
DMA Account | |
Yes | No |
MAM Account | |
Yes | Yes |
PAMM Account | |
Yes | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. | MCC Markets offers a copy trading solution but technical issues mean that it is not fully operational. |
Social Trading | |
Yes | No |
Trade Signals | |
Signal Start | MetaTrader |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike. | Go long or short on global markets with leveraged CFDs. |
Leverage | |
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | 1:500 |
FTSE Spread | |
1.0 | Floating |
GBPUSD Spread< | |
0.23 | Floating |
Oil Spread | |
0.03 | Floating |
Stocks Spread | |
0.02 | NA |
Forex | |
IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. | Speculate on a wide range of currency pairs with tight spreads. |
Assets | |
75 | 40+ |
GBPUSD Spread | |
0.23 | Floating |
EURUSD Spread | |
0.02 | Floating |
EURGBP Spread | |
0.27 | Floating |
Cryptocurrency | |
IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access high leverage up to 1:200 in the MetaTrader platforms. | |
Spread | |
BTC 42.036 | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
IC Markets | MCC Markets |
Despite claims to be regulated by the Securities Commission of Bahamas (SCB), our experts found no active registration. This is a serious red flag and may suggest the broker is acting dishonestly with limited account and legal protections afforded to traders. | |
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