EasyMarkets vs IC Markets: Saudi Arabia Broker Comparison (2026)

When comparing trading costs for Saudi Arabia traders, IC Markets has a clear advantage with spreads starting from 0.0 pips on major pairs like EUR/USD plus a commission of $3.50 per lot. For high-volume traders, this translates to significantly lower costs. EasyMarkets offers fixed spreads from 1.0 pips with no commission, which suits occasional traders but penalizes active scalpers. For example, a Saudi trader executing 100 lots monthly would pay far more at EasyMarkets than at IC Markets. Considering the SAR exchange rates, IC Markets' raw pricing model is more cost-effective for serious traders.

IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, which are the gold standard for advanced traders. These platforms offer full customization, algorithmic trading, and deep liquidity. EasyMarkets offers its proprietary web-based platform and MetaTrader 4, but with a simplified interface. For Saudi traders who need charting tools and automated strategies, IC Markets is superior. However, EasyMarkets' platform includes user-friendly features like deal cancellation and guaranteed stop-loss, which may appeal to risk-averse traders.

IC Markets is renowned for its execution speed, with average order execution under 40ms and no requotes, thanks to its Equinix NY4 data center and tier-1 liquidity providers. EasyMarkets uses a market maker model with slower execution and potential requotes during high volatility. For Saudi traders who engage in scalping or high-frequency trading, IC Markets' ECN/STP model delivers superior fills and minimal slippage. EasyMarkets is acceptable for longer-term positions but not for high-speed strategies.

Both EasyMarkets and IC Markets are regulated by respected authorities: EasyMarkets by CySEC (EU) and ASIC (Australia), while IC Markets is regulated by ASIC and CySEC as well as the FCA (UK) and SCB (Bahamas). Neither broker is directly licensed by the CMA Saudi, meaning they operate as international brokers. For Saudi traders, this means deposits are not covered by the Saudi deposit insurance scheme. However, both brokers comply with stringent financial standards, and IC Markets' ASIC regulation offers a high level of client fund protection. EasyMarkets also provides negative balance protection and segregated accounts.

Depositing and withdrawing funds is straightforward for Saudi Arabia traders at both brokers. EasyMarkets supports Bank Transfer (local and international), STC Pay, and Credit Card (Visa/Mastercard). Minimum deposit is $100. Withdrawals are processed within 1-3 business days, and STC Pay offers instant transfers in SAR. IC Markets also accepts Bank Transfer, STC Pay, and Credit Card, with a minimum deposit of $200. IC Markets offers a wider range of e-wallets including Skrill and Neteller. For Saudi traders, STC Pay is the fastest option, allowing instant local deposits without currency conversion fees. Both brokers process withdrawals back to the original payment method, which for STC Pay means quick access to funds. Note that bank transfers may incur intermediary fees; using STC Pay or Credit Card can reduce costs.

Both EasyMarkets and IC Markets offer Islamic (swap-free) accounts for Muslim traders in Saudi Arabia. EasyMarkets provides swap-free accounts on all account types, with no interest charged on overnight positions. IC Markets also offers Islamic accounts that are swap-free and compliant with Sharia law. It's important to note that IC Markets may restrict certain instruments or charge an administration fee after a holding period, while EasyMarkets maintains no such fees. For Saudi traders observing Islamic finance principles, both options are viable, but EasyMarkets' policy is more straightforward with no hidden fees.

Customer support is essential for Saudi traders facing time zone differences. EasyMarkets offers 24/5 live chat, email, and phone support, including Arabic language assistance during business hours. IC Markets provides 24/7 support via live chat, email, and phone, with multilingual staff including Arabic. IC Markets' round-the-clock availability is beneficial for traders in Saudi Arabia aligning with global market hours. Both brokers are responsive, but IC Markets has an edge with 24/7 coverage.