IC Markets
OptionWeb
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
IC Markets was founded in 2007 and is headquartered in Australia, while OptionWeb was established in 2012 and is based in Cyprus. IC Markets holds licences including Australian Securities and Investment Commission (ASIC), while OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. IC Markets serves 60,000+ clients worldwide; OptionWeb has 10,000+. Both brokers share the same minimum deposit of $200.
| Feature | IC Markets | OptionWeb |
|---|---|---|
| Min. Deposit | $200 | $200 |
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2007 | 2012 |
| Country | Australia | Cyprus |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IC Markets and OptionWeb, directly affecting your bottom line as a trader. Both require a minimum deposit of $200. Neither broker charges withdrawal fees. IC Markets charges deposit fees; OptionWeb does not. Overall, OptionWeb scores higher on fees in our assessment.
| Feature | IC Markets | OptionWeb |
|---|---|---|
| Min. Deposit | $200 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
IC Markets offers MT4, MT5, cTrader, while OptionWeb supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IC Markets supports social and copy trading features, which OptionWeb does not offer. IC Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | IC Markets | OptionWeb |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how IC Markets and OptionWeb compare. IC Markets runs regular live webinars; OptionWeb does not. Both provide video tutorials. IC Markets publishes daily market commentary; OptionWeb 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 | IC Markets | OptionWeb |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. IC Markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while OptionWeb supports 2 (bank transfer, credit/debit card). IC Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. IC Markets scores higher on deposit and withdrawal flexibility.
| Feature | IC Markets | OptionWeb |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both IC Markets and OptionWeb offer live chat support. Both provide phone support. Email support is available at both brokers. IC Markets supports 8 languages and OptionWeb supports 2, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | IC Markets | OptionWeb |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, and Chinese |