Side-by-side broker analysis
IC Markets vs switchmarkets
Live comparison from our broker database — regulation, trading costs, platforms, deposits, safety scores, and service quality.
switchmarkets
Lowest min. deposit
switchmarkets
$40
Highest rating
IC Markets
5.0/5
Best safety score
switchmarkets
53/100
switchmarkets leads this comparison based on leads on rating, safety, regulation, and overall trading profile in our database.
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Overview
| Metric |
IC Markets
|
switchmarkets
|
|---|---|---|
| Overall rating | 5.0/5 | 4.5/5 |
| Safety score | 43/100 | 53/100 |
| Risk status | High Risk | High Risk |
| Trust score | — | — |
| User reviews | 1 | — |
| Founded | — | — |
| Headquarters | IC Markets operates globally, with entities regulated in Australia, Cyprus, and Seychelles. | Australia |
| Top feature | Offers ultra-low spreads from 0.0 pips with fast execution speeds. | ree VPS Hosting with Ultra-Low Latency for Seamless Algo Trading |
Regulation & Safety
| Metric |
IC Markets
|
switchmarkets
|
|---|---|---|
| Regulators | — | ASIC (Australia) |
| Regulatory tier | — | — |
| Broker type | Unregulated | Regulated |
| Investor protection | No | No |
| Segregated funds | Yes | Yes |
| Negative balance protection | No | No |
Trading Conditions
| Metric |
IC Markets
|
switchmarkets
|
|---|---|---|
| Minimum deposit | $200 | $40 |
| Average spreads | Starts from 0.0 | From 0.0 pips (Pro/ECN); 0.6 pips average on Standard (EUR/USD). |
| Commission | None | None |
| Maximum leverage | 1:500 | Up to 1:1000 |
| Fee level | Medium | Medium |
| Withdrawal fee | — | — |
Accounts & Markets
| Metric |
IC Markets
|
switchmarkets
|
|---|---|---|
| Account types | Standard Account, Raw Spread Account | Standard & Pro account types. |
| Tradable instruments | — | — |
| Markets | — | — |
Platforms & Tools
| Metric |
IC Markets
|
switchmarkets
|
|---|---|---|
| Trading platforms | — | MetaTrader 4, WebTrader |
| Mobile trading | Yes | Yes |
| Web trader | Yes | Yes |
| VPS hosting | Yes | Yes |
| Social trading | Yes | Yes |
Deposits & Withdrawals
| Metric |
IC Markets
|
switchmarkets
|
|---|---|---|
| Deposit methods | IC Markets supports deposits via Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, FasaPay, Crypto, and Local Bank Transfers. Most are instant, while bank wires take 2-5 days. No deposit fees, but third-party charges may apply. | Bank Wire, Credit/Debit Cards (Visa/Mastercard), E-Wallets (Skrill, Neteller), Cryptocurrencies (Bitcoin, Ethereum), Local Methods (e.g., FPS for Asia). Instant processing for most; no deposit fees except crypto blockchain. |
| Withdrawal methods | IC Markets offers withdrawals via Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, FasaPay, Crypto, and Local Bank Transfers. Processing times vary, with most methods taking 1-2 business days. No withdrawal fees, but third-party charges may apply. | Same as deposits; processed 24–72 hours, with 0.5%–2% fees. |
| Payment methods | Bank Wire Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, FasaPay, Broker to Broker Transfer. | GBP/EUR/USD supported; third-party fees may apply. |
Support & Service
| Metric |
IC Markets
|
switchmarkets
|
|---|---|---|
| Support channels | 24/7 support via live chat, email, and phone. | 24/5 live chat, email, WhatsApp; highly rated for responsiveness (4.7/5 on Trustpilot). |
| Languages | English, Simplified Chinese, Thai, Indonesian, Korean, German, French, Spanish, Vietnamese, Russian, Arabic, Italian, Bulgarian, Croatian, Traditional Chinese. | English, Spanish, Arabic, Chinese, Malay, Indonesian (multilingual support). |
| Account managers | Yes | Yes |
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