Forex EE
IC Markets
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while IC Markets was established in 2007 and is based in Australia. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while IC Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Forex EE serves 10,000+ clients worldwide; IC Markets has 60,000+. The minimum deposit is $100 at Forex EE and $200 at IC Markets.
| Feature | Forex EE | IC Markets |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Regulation | Ministry of Economic Affairs in Estonia | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2007 |
| Country | Grenadines | Australia |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and IC Markets, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $200 at IC Markets). Forex EE charges withdrawal fees while IC Markets does not, a notable advantage for frequent withdrawers. IC Markets charges deposit fees; Forex EE does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex EE | IC Markets |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Forex EE offers MT5, cTrader, while IC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IC Markets supports social and copy trading features, which Forex EE does not offer. IC Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | IC Markets |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | 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 Forex EE and IC Markets compare. IC Markets runs regular live webinars; Forex EE does not. Both provide video tutorials. IC Markets publishes daily market commentary; Forex EE 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 | Forex EE | 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. Forex EE 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 | Forex EE | 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 Forex EE and IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE supports 2 languages and IC Markets supports 8, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | Forex EE | 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 |