DEGIRO vs IC Markets | We Compare Brokers
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DEGIRO vs IC Markets | Broker Comparison

Review By: Ivan Postoian
Review Updated: 2022-05-09

So you are looking to compare forex brokers, no doubt you are looking for a forex broker comparison which will help you find who has the best forex spreads and forex leverage. We can help! We have done extensive research of the major forex brokers to bring you a set of results with customisable comparisons between brokers. Use our tool below to make a quick comparison between two forex brokers to see who has what rates and fees. Over on the right of the screen, you will see two drop-down fields. Select the brokers you want to compare. See our full list of broker comparisons here.

Degiro logo
4.2
Rating

Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.

Pros
  • Largest online low-cost/commission stockbroker in the EEA
  • Listed on the SDAX in Germany (70 small to mid-cap stocks)
  • Broad access to global stock exchanges, ETFs, bonds, futures and options
  • Garnered many awards, especially for Customer Service

 

Cons
  • No trading in forex except for experienced option traders
  • No demo account
  • Restricted crypto offering
  • No US citizens accepted

 

4.4
Rating

Trading Derivatives carries a high level of risk to your capital, and you should only trade with money you can afford to lose. 75% of retail investor accounts lose money when trading CFDs with this provider. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

Pros
  • Direct access to raw spreads – low fee pricing overall
  • MetaTrader plus cTrader trading platforms
  • ASIC regulation plus CySEC and FSA in Seychelles and SCB in the Bahamas
  • Fast account opening process
Cons
  • No Negative Balance protection
  • Slow Live Chat service
  • No US citizens accepted

 

Feature
DEGIRO
IC Markets
Minimum deposit:
None
$200
Withdrawal fee amount:
None
None
Inactivity fee charged (Y/N):
N
N
Max leverage:
5:1
1:500
Spread from:
N/A
0.0 pip (EUR/USD average 0.1 pip)
Number of instruments:
Over 50 exchanges
258
Year founded:
2013 for stock brokerage (Founded in 2008)
2007
Time to open account:
1-2 business days
1-2 business days
Demo account provided (Y/N):
N
Y
Countries of regulation:
European Economic Area, United Kingdom
Australia, EEA (Cyprus), Seychelles, Bahamas
Products offered:
Trading in shares, ETFs, leveraged products, bonds and derivatives (options and futures), Crypto Funds
Forex pairs with CFDs for Stocks, Indices, Commodities, Bonds, Futures, and Cryptos.
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