Joshua663 Smith

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Are IC Markets spreads and fees high compared to Pepperstone or FXCM?

IC Markets is famous for its ultra-tight spreads. On EUR/USD, spreads often start at 0.0 pips on Raw Spread accounts, with a commission of $3.5 per lot per side. Standard Accounts start around 1.0 pip with no commission. Compared to Pepperstone, IC Markets’ pricing is nearly identical, both targeting scalpers and algo traders. Against FXCM, IC Markets is significantly cheaper on high-frequency strategies. Independent tests confirm that IC Markets is one of the lowest-cost brokers worldwide, making it attractive for day traders and institutional clients.