World Forex vs IC Markets
World Forex or IC Markets – which is better for UK traders 2024? Compare World Forex and IC Markets in this detailed breakdown of their platforms, features and fees.
| World Forex | IC Markets |
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| World Forex is ranked #10 among binary options brokers. | IC Markets is ranked #5 among CFD brokers. |
| World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets. | 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. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $1 | $200 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| SVGFSA | ASIC, CySEC, FSA, CMA |
| Mobile Apps | |
| iOS, Android + Web Browser | iOS & Android |
| Trading App | |
The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders. |
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. |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | Yes |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution. | 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. |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | Signal Start |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| Yes | No |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances. | 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. |
| Leverage | |
| 1:1000 | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| FTSE Spread | |
| NA | 1.0 |
| GBPUSD Spread< | |
| NA | 0.23 |
| Oil Spread | |
| NA | 0.03 |
| Stocks Spread | |
| From 0.03 | 0.02 |
| Forex | |
| World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types. | 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. |
| Assets | |
| 53 | 75 |
| GBPUSD Spread | |
| From 0.6 | 0.23 |
| EURUSD Spread | |
| From 0.6 | 0.02 |
| EURGBP Spread | |
| From 0.6 | 0.27 |
| Cryptocurrency | |
| Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available. | 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 | |
| 0 | 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 |
| Binary Options | |
| World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry. | |
| Payout | |
| 100% | |
| Expiration Times | |
| 1 minute - 7 days | |
| Boundary Options | |
| No | No |
| Ladder Options | |
| No | No |
| World Forex | IC Markets |
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