Colmex
IC Markets
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Overview
Colmex was founded in 1990 and is headquartered in Cyprus, while IC Markets was established in 2007 and is based in Australia. Colmex holds licences including Securities and Exchange Commission (SEC), while IC Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Colmex serves 10,000+ clients worldwide; IC Markets has 60,000+. The minimum deposit is $100 at Colmex and $200 at IC Markets.
| Feature | Colmex | IC Markets |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Regulation | Securities and Exchange Commission (SEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1990 | 2007 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Colmex and IC Markets, directly affecting your bottom line as a trader. Colmex has a lower barrier to entry with a minimum deposit of $100 (vs $200 at IC Markets). Neither broker charges withdrawal fees. IC Markets charges deposit fees; Colmex does not. Overall, Colmex scores higher on fees in our assessment.
| Feature | Colmex | IC Markets |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Colmex offers MT4, MT5, cTrader, while IC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Colmex | IC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone,Mac | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Colmex and IC Markets compare. IC Markets runs regular live webinars; Colmex does not. Both provide video tutorials. IC Markets publishes daily market commentary; Colmex does not. Both integrate third-party research tools. IC Markets maintains an archive of past webinars for on-demand viewing. IC Markets scores higher overall in education and research.
| Feature | Colmex | IC Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Colmex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while IC Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). IC Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. IC Markets scores higher on deposit and withdrawal flexibility.
| Feature | Colmex | IC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Colmex and IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Colmex supports 2 languages and IC Markets supports 8, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | Colmex | IC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |