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Alternatives
IC Markets alternatives: 4 brokers to consider in 2026
Brokers worth comparing if IC Markets is not the right fit, chosen for a specific reason each, using the same checked figures as our reviews.
Quick pick: Pepperstone: similar raw pricing with an FCA-authorised UK company; Eightcap: raw pricing plus TradeLocker and TradingView.
IC Markets alternatives compared
| Broker | Why consider it | Min deposit | Platforms |
|---|---|---|---|
| Pepperstone | Similar raw pricing with an FCA-authorised UK company | $0 (minimum top-up $10) | Pepperstone platform, MT4, MT5, cTrader, TradingView |
| Eightcap | Raw pricing plus TradeLocker and TradingView | $100 | MT4, MT5, TradingView, TradeLocker |
| FxPro | cTrader alternative with an FCA-regulated UK company | Not confirmed in its own documents (Elite programme $30,000) | MT4, MT5, cTrader, TradingView |
| Interactive Brokers | Pass-through pricing for larger sizes, multi-asset | No account minimum | Trader Workstation, IBKR Desktop, API |
Why people look for IC Markets alternatives
Its global accounts are held by an offshore company licensed in Seychelles, so check which company you would join. If that matters to you, one of the brokers below may suit you better. If it does not, see our full IC Markets review.
The alternatives in detail
Pepperstone
Why consider it: Similar raw pricing with an FCA-authorised UK company.
Regulation: ASIC, FCA, CySEC, SCB, DFSA, CMA, BaFin. EUR/USD: Razor from 0.0 pips (avg 0.1) + $3.50 per lot per side.
Watch out: TradingView is offered on the Razor account only.
Pepperstone review · Pepperstone vs IC Markets
Eightcap
Why consider it: Raw pricing plus TradeLocker and TradingView.
Regulation: ASIC, FCA, CySEC (plus SCB and FSA offshore companies). EUR/USD: Raw from 0.0 pips + $3.50 per lot per side.
Watch out: The $100 minimum is higher than at brokers with no minimum, and it has a shorter history than most brokers we review.
Eightcap review · IC Markets vs Eightcap
FxPro
Why consider it: cTrader alternative with an FCA-regulated UK company.
Regulation: FCA (UK company), SCB, FSA. EUR/USD: From 0.4 pips on cTrader + commission.
Watch out: We could not confirm a standard minimum deposit in its own documents, so check before you apply.
FxPro review · FxPro vs IC Markets
Interactive Brokers
Why consider it: Pass-through pricing for larger sizes, multi-asset.
Regulation: FCA, Central Bank of Ireland, ASIC, CIRO and others. EUR/USD: From 0.1 pips + 0.20 bp of trade value ($2 minimum per order).
Watch out: The $2 minimum commission makes small trades relatively expensive, and the platforms have a steeper learning curve.
FAQ
What is the best alternative to IC Markets?
It depends on why you are leaving. For lower costs on frequent trading, look at raw-pricing brokers; for stronger protection, choose a company licensed by the FCA, ASIC or an EU regulator; in the US, OANDA and FOREX.com are the CFTC/NFA options we review. Our shortlist: Pepperstone, Eightcap, FxPro, Interactive Brokers.
Is there a broker like IC Markets for US traders?
Among the brokers we review, OANDA and FOREX.com accept US retail forex clients.
How do I switch brokers?
Open and verify the new account first, close positions or let them expire at the old broker, withdraw your balance to the same method you deposited with, and keep statements for tax records.
Related
IC Markets review · Is IC Markets regulated? · Compare all 11 brokers · Broker finder
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