EagleFX
IC Markets
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while IC Markets was established in 2007 and is based in Australia. EagleFX holds licences including Unregulated, while IC Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. EagleFX serves 5,000+ clients worldwide; IC Markets has 60,000+. The minimum deposit is $10 at EagleFX and $200 at IC Markets.
| Feature | EagleFX | IC Markets |
|---|---|---|
| Min. Deposit | $10 | $200 |
| Regulation | Unregulated | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2019 | 2007 |
| Country | Dominica | Australia |
| Clients | 5,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and IC Markets, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $200 at IC Markets). EagleFX charges withdrawal fees while IC Markets does not, a notable advantage for frequent withdrawers. EagleFX applies inactivity fees on dormant accounts; IC Markets does not. IC Markets charges deposit fees; EagleFX does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | EagleFX | IC Markets |
|---|---|---|
| Min. Deposit | $10 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while IC Markets supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. IC Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | IC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | 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 EagleFX and IC Markets compare. IC Markets runs regular live webinars; EagleFX does not. IC Markets has a video library; EagleFX does not. IC Markets publishes daily market commentary; EagleFX does not. IC Markets integrates third-party research tools (Trading Central, Autochartist); EagleFX does not. IC Markets maintains an archive of past webinars for on-demand viewing. IC Markets scores higher overall in education and research.
| Feature | EagleFX | IC Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. EagleFX 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 | EagleFX | 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 EagleFX and IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. EagleFX supports 2 languages and IC Markets supports 8, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | EagleFX | 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 |