IC Markets
selftrade
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Overview
IC Markets was founded in 2007 and is headquartered in Australia, while selftrade was established in 2013 and is based in Australia. IC Markets holds licences including Australian Securities and Investment Commission (ASIC), while selftrade is regulated by Financial Conduct Authority (FCA) among others. IC Markets serves 60,000+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $200 at IC Markets and $250 at selftrade.
| Feature | IC Markets | selftrade |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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-F304 |
| Founded | 2007 | 2013 |
| Country | Australia | Australia |
| Clients | 60,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between IC Markets and selftrade, 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 selftrade). selftrade charges withdrawal fees while IC Markets does not, giving IC Markets an edge for frequent withdrawers. IC Markets charges deposit fees; selftrade does not. Overall, IC Markets scores higher on fees in our assessment.
| Feature | IC Markets | selftrade |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
IC Markets offers MT4, MT5, cTrader, while selftrade 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 | IC Markets | selftrade |
|---|---|---|
| MT4 | Yes | Yes |
| 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 selftrade compare. IC Markets runs regular live webinars; selftrade does not. Both provide video tutorials. IC Markets publishes daily market commentary; selftrade 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 | selftrade |
|---|---|---|
| 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 selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | IC Markets | selftrade |
|---|---|---|
| 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 IC Markets and selftrade 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 | IC Markets | selftrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |