Decode FX vs IC Markets: Comparison

Forex Broker Comparison

Detailed side-by-side analysis

Decode FX
Decode FX
VS
IC Markets
IC Markets

Quick Summary

Best for Beginners

Decode FX

$0.00

Tightest Spreads

Decode FX

From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips pips

Highest Leverage

Decode FX

1:Up to 1:500

Best Rated

Decode FX

4.40
/5

Mobile Trading

Both

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General Information

Decode FX

Regulation

ASIC (Australia), VFSC (Vanuatu)

Founded

N/A

Headquarters

Australia

Overall Rating

4.40/5

IC Markets

Regulation

Founded

N/A

Headquarters

IC Markets operates globally, with entities regulated in Australia, Cyprus, and Seychelles.

Overall Rating

4.00/5

Trading Conditions

Feature Decode FX IC Markets
Minimum Deposit $0.00 $200.00
Average Spreads From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips Starts from 0.0
Maximum Leverage Up to 1:500 1:500
Commission None None

Account Types

Decode FX

beginner-friendly ecn-raw

IC Markets

Standard Accounts Raw Account

Platforms & Tools

Decode FX

MetaTrader 4, MetaTrader 5

Mobile Trading

Available

Web Trading

Available

VPS Hosting

Available

Social Trading

Available

IC Markets

Mobile Trading

Available

Web Trading

Available

VPS Hosting

Available

Social Trading

Available

Payments

Decode FX

Deposit Methods

Credit/Debit Cards (Visa/Mastercard), Bank Wire, Skrill, Neteller, Alipay, Poli, DragonPay, USDT (crypto)

Withdrawal Methods

Same as deposits: Bank Wire (fee-free), Cards/Skrill/Neteller (fees apply), USDT

Withdrawal Fee

None

IC Markets

Deposit Methods

IC Markets supports deposits via Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, FasaPay, Crypto, and Local Bank Transfers. Most are instant, while bank wires take 2-5 days. No deposit fees, but third-party charges may apply.

Withdrawal Methods

IC Markets offers withdrawals via Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, FasaPay, Crypto, and Local Bank Transfers. Processing times vary, with most methods taking 1-2 business days. No withdrawal fees, but third-party charges may apply.

Withdrawal Fee

None

Support

Decode FX

Support Languages

English, Chinese, Spanish, Arabic, Indonesian (multi-language support via MT4/MT5)

Support Channels

24/5 live chat, email, phone; Responsive weekdays but mixed reviews on speed

Account Manager

Available

IC Markets

Support Languages

English, Simplified Chinese, Thai, Indonesian, Korean, German, French, Spanish, Vietnamese, Russian, Arabic, Italian, Bulgarian, Croatian, Traditional Chinese.

Support Channels

24/7 support via live chat, email, and phone.

Account Manager

Available

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