What is better than IC Markets?

IC Markets is renowned for its robust trading conditions and global accessibility, making it a popular choice among forex traders. However, the dynamic forex market is filled with numerous alternatives that might offer distinct advantages depending on a trader’s specific needs. This article provides an in-depth analysis of top forex trading platforms that could be considered superior to IC Markets in certain aspects. We will examine key features, regulatory compliance, user feedback, and industry trends to guide both novice and experienced traders in making an informed decision.

Key Features to Consider in a Forex Trading Platform

Trading Costs and Fees:
While IC Markets is known for its low spreads and competitive trading costs, other platforms like Saxo Bank and Interactive Brokers offer advanced pricing models which may benefit professional traders handling larger volumes.

Range of Instruments:
Unlike IC Markets, which focuses heavily on forex along with some CFDs, brokers such as eToro and Plus500 provide a broader range of trading instruments, including stocks, cryptocurrencies, and commodities, thus appealing to traders looking for diversified investment options.

Platform Technology and Tools:
While IC Markets offers platforms like MetaTrader and cTrader which are favored for their speed and reliability, brokers such as TD Ameritrade's thinkorswim platform provide more sophisticated analytical tools and proprietary trading technologies.

Evaluating Forex Brokers: Beyond IC Markets

Saxo Bank:
Regarded as a leader for its comprehensive research tools and wide range of instruments, Saxo Bank caters especially well to professional traders. Its regulatory framework is solid with multiple top-tier jurisdictions overseeing its operations, ensuring a high level of trust and security.

Interactive Brokers:
Known for its extensive market access and depth of functionality, Interactive Brokers serves advanced traders with a suite of powerful tools, competitive commissions, and unmatched market access across 135 market centers in 33 countries.

eToro sets itself apart with a unique social trading feature that allows users to copy the trades of successful peers, which is beneficial for beginners looking to learn from experienced traders. It also offers a more diverse range of asset classes including ETFs and cryptocurrencies.

Industry Trends and Trader Preferences

The Shift Towards Multi-Asset Offerings:
The trend in the forex industry is moving towards brokers that can provide a multi-asset offering. Platforms like eToro and Plus500 are gaining popularity for providing access not just to forex, but to a variety of other asset classes, thereby accommodating the growing trader preference for portfolio diversification.

User Experience and Customer Feedback:
According to recent surveys and trader reviews, platforms like Saxo Bank and Interactive Brokers score highly on user satisfaction, particularly in terms of reliability, customer service, and the depth of their trading tools. In contrast, IC Markets, while still highly regarded, often sees feedback pointing to a desire for more varied asset classes and educational resources.


While IC Markets offers an excellent trading environment, particularly for forex and CFDs traders, platforms like Saxo Bank, Interactive Brokers, and eToro provide distinct advantages that may be better suited to certain traders' needs. These include more sophisticated trading tools, broader asset diversification, and innovative features like social trading.

In choosing a trading platform, it is crucial for traders to consider their specific trading style, preferred assets, and the depth of features they require. By doing so, they can select a platform that not only meets their trading needs but also enhances their overall trading experience.