Comparison of Global Prime and IC Markets
| Feature | Global Prime | IC Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2010 | 2007 |
| Broker Type | ECN | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | ASIC, VFSC | SFSA, ASIC, CySEC, CMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $1 | $200 |
| Base Currencies | USD, AUD, GBP, EUR, CAD, SGD, JPY | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD |
| Funding Methods | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill, POLi, BPAY, AstroPay, Interac, MiFinity, DragonPay, VNPay, Perfect Money, Jeton, Crypto deposits (BTC, USDT) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | - | Investor Compensation Fund (ICF) |
| Protection Size | - | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Forex, Indices, Commodities, Bonds, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Global Prime Review | IC Markets Review |
About Global Prime
Global Prime is an Australia-based fintech broker focused on transparent, low-cost CFD trading. Clients trade 150+ markets - from 56 FX pairs and major indices to bonds and 40 crypto CFDs - on MT4/MT5, TradingView and a proprietary GP Hub, choosing between a spread-only Standard account or a Raw account with 0.0-pip pricing and $3.50 commissions. Fast execution, segregated funds and negative-balance protection make the broker attractive to algorithmic, copy- and discretionary traders alike.
Pros
- Raw spreads from 0.0 pip
- 56 FX pairs + 100 US share & 40 crypto CFDs
- MT4/MT5, TradingView & GP copy trading hub
- ASIC & VFSC oversight; segregated client funds
Cons
- No Islamic (swap-free) accounts
- Education materials limited
About IC Markets
IC Markets is a leading forex and CFD broker, well-known for its exceptional trading conditions and advanced technology. Established in 2007 and regulated by multiple top-tier authorities, including ASIC, CySEC, and the FSA Seychelles, IC Markets has earned a solid reputation among retail and institutional traders alike. The broker is particularly favored by scalpers, day traders, and algorithmic traders for its ultra-tight spreads, fast execution speeds, and no-dealing-desk (NDD) model. With access to powerful platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets offers a seamless trading experience across various asset classes, including forex, indices, commodities, and cryptocurrencies. Its focus on transparency, competitive pricing, and exceptional liquidity ensures that traders can execute strategies efficiently. However, while IC Markets excels in trading infrastructure, it offers limited educational resources, which may not fully cater to beginners.
Pros
- Regulated by top-tier authorities (ASIC, CySEC)
- Tight spreads starting from 0.0 pips on Raw Spread accounts
- No dealing desk (NDD) model ensures transparent and fast execution
- Excellent platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High liquidity and competitive pricing ideal for scalping and algorithmic trading
- Wide range of tradable assets, including cryptocurrencies
- Dedicated 24/7 customer support
Cons
- Restricted availability in some regions due to regulatory constraints
- Withdrawal fees may apply for certain methods
Global Prime & IC Markets Regulation
| Feature | Global Prime | IC Markets |
|---|---|---|
Companies | FMGP Trading Group Pty Ltd, Gleneagle Securities Pty Limited | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited |
Countries | Australia, Vanuatu | Seychelles, Australia, Cyprus, Kenya |
Regulators | ASIC, VFSC | SFSA, ASIC, CySEC, CMA |
Investor Protection | - | Investor Compensation Fund (ICF) |
Investor Protection Size | - | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Global Prime | IC Markets |
|---|---|---|
ECN Account | ||
| Account Name | Standard | Standard |
| Min Deposit | $1 | $200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.9 | 0.6 |
| Fee | No | No |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 50% |
| Margin Call | 80% | 100% |
Zero Account | ||
| Account Name | Raw | Raw Spread |
| Min Deposit | $1 | $200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $7 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 50% |
| Margin Call | 80% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Global Prime | IC Markets |
|---|---|---|
Base currencies | USD, AUD, GBP, EUR, CAD, SGD, JPY | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD |
Deposit and withdrawal methods | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill, POLi, BPAY, AstroPay, Interac, MiFinity, DragonPay, VNPay, Perfect Money, Jeton, Crypto deposits (BTC, USDT) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Global Prime | IC Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 10 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | Global Prime | IC Markets |
|---|---|---|
Currencies | 56 | 61 |
Indices | 18 | 25 |
Stocks | 100 | 2175 |
Cryptocurrencies | 40 | 21 |
Bonds | 3 | 10 |
Metals | 4 | 7 |
Energies | 5 | 5 |
Soft Commodities | 14 | 8 |
ETFs | 0 | 38 |
Education and Analytics
| Feature | Global Prime | IC Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Global Prime | IC Markets |
|---|---|---|
Email | support@globalprime.com | support@icmarkets.com |
Phone | +61283793622 | +2484671976 |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | — |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing Global Prime and IC Markets, IC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.