IC Markets vs OctaFX
Two brokers compared on spreads, platforms, regulation, and execution.
Last updated: March 21, 2026
Quick Verdict
IC Markets wins this comparison — 2 out of 5 categories.
Our analysts reviewed both options across pricing, reputation, and trading conditions. IC Markets came out ahead based on our scoring criteria. Read each category below for the full breakdown.
Side-by-Side Comparison
Customer Support & Reputation
IC Markets winsIC Markets has a slight edge in customer support and overall reputation. It holds an EntryLab rating of 4.70/10. OctaFX scores 4.20/10 on our platform, which is respectable but trails behind.
IC Markets4.70
OctaFX4.20Leverage & Instruments
IC Markets offers greater trading power with maximum leverage of 1:500 offshore / 1:30 EU & AU. This gives active traders more flexibility to size positions. OctaFX caps leverage at 1:500 offshore / 1:30 EU, which may limit scalability for experienced traders looking for higher exposure.
IC Markets1:500 offshore / 1:30 EU & AUOctaFX1:500 offshore / 1:30 EUDeposit & Withdrawal
OctaFX winsIC Markets supports a wider range of deposit and withdrawal options. It accepts Bank Transfer, Visa/Mastercard, Skrill, Neteller, PayPal, Crypto, including cryptocurrency, giving traders more flexibility. OctaFX offers Local bank, Visa/Mastercard, Skrill, Neteller, Perfect Money, Crypto, which may not suit all traders.
IC Markets$200OctaFX$25Platforms & Tools
OctaFX winsOctaFX provides a broader range of trading platforms. It supports MT4, MT5, Octa App, CopyTrading, giving traders more flexibility in how they access the markets. IC Markets offers MT4, MT5, cTrader, which covers the essentials but falls short on variety.
IC MarketsOctaFXRegulation & Safety
IC Markets winsWhen it comes to regulation, IC Markets holds the edge. IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018, a top-tier authority, while OctaFX operates under CySEC 372/18 (Octa Markets Cyprus Ltd), SVG registration 19776 IBC 2011. For traders who prioritise safety and fund protection, IC Markets is the stronger choice in this category.
IC MarketsOctaFXTrading Costs
OctaFX offers more competitive trading costs overall. With EUR/USD spreads from 0.6 pips on EUR/USD and commissions of commission-free, it undercuts IC Markets, which charges spreads of 0.0 pips (Raw) / 0.6 pips (Standard) with commission-free commission. Cost-conscious traders will find OctaFX more attractive.
IC Markets0.0 pips (Raw) / 0.6 pips (Standard)OctaFX0.6 pips on EUR/USDAccount Types & Min Deposit
OctaFX winsOctaFX is the more accessible choice for traders getting started. With a minimum deposit of $25, it requires less capital to open an account than IC Markets, which requires $200. Lower barriers to entry make OctaFX the winner in this category.
IC Markets$200OctaFX$25Our Pick
IC Markets Wins This Round
Based on our side-by-side analysis, IC Markets edges ahead in this matchup. Get started today.
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Frequently Asked Questions
Is IC Markets better than OctaFX?
Based on our analysis across 7 key categories, IC Markets wins with a score of 4–3. However, the best broker for you depends on your specific trading style and priorities.
Which has lower spreads, IC Markets or OctaFX?
OctaFX offers lower trading costs. IC Markets spreads start from 0.0 pips (Raw) / 0.6 pips (Standard) while OctaFX starts from 0.6 pips on EUR/USD.
Is IC Markets safer than OctaFX?
IC Markets is regulated by a higher-tier authority. IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018, while OctaFX is regulated by CySEC 372/18 (Octa Markets Cyprus Ltd), SVG registration 19776 IBC 2011.
Can I use MT5 with both IC Markets and OctaFX?
IC Markets supports MT4, MT5, cTrader and OctaFX supports MT4, MT5, Octa App, CopyTrading. Check each broker's platform page for the latest availability.
Which has a lower minimum deposit, IC Markets or OctaFX?
OctaFX has the lower minimum deposit requirement. IC Markets requires $200 while OctaFX requires $25.
Is IC Markets regulated?
Yes, IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018. Regulation provides traders with a level of protection including segregated funds and dispute resolution mechanisms.
Which broker is better for beginners, IC Markets or OctaFX?
For beginners, IC Markets is generally the stronger choice due to its lower minimum deposit and broader educational resources. However, both brokers offer standard tools suitable for newer traders.