fxgrow
IC Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
fxgrow was founded in 2014 and is headquartered in USA, while IC Markets was established in 2007 and is based in Australia. fxgrow holds licences including Financial Conduct Authority (FCA), while IC Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. fxgrow serves 3,500,000+ clients worldwide; IC Markets has 60,000+. The minimum deposit is $250 at fxgrow and $200 at IC Markets.
| Feature | fxgrow | IC Markets |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F245 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2014 | 2007 |
| Country | USA | Australia |
| Clients | 3,500,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between fxgrow and IC Markets, directly affecting your bottom line as a trader. IC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $250 at fxgrow). Neither broker charges withdrawal fees. IC Markets charges deposit fees; fxgrow does not. Overall, IC Markets scores higher on fees in our assessment.
| Feature | fxgrow | IC Markets |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
fxgrow offers 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. IC Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | fxgrow | 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 fxgrow and IC Markets compare. IC Markets runs regular live webinars; fxgrow does not. IC Markets has a video library; fxgrow does not. IC Markets publishes daily market commentary; fxgrow does not. IC Markets integrates third-party research tools (Trading Central, Autochartist); fxgrow does not. IC Markets maintains an archive of past webinars for on-demand viewing. IC Markets scores higher overall in education and research.
| Feature | fxgrow | 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. fxgrow accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while IC Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | fxgrow | IC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fxgrow and IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | fxgrow | IC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |