EasyMarkets vs IC Markets (2026): Which UK Broker Fits Your Trading?

For UK traders, trading costs are a major deciding factor. EasyMarkets uses a fixed‑spread model, with typical spreads on EUR/USD around 1.2 pips and no commissions. This provides predictability, especially during volatile market events. IC Markets, however, offers variable spreads from 0.0 pips on its Raw Spread account with a commission of $3.50 per lot per side. On its Standard account, spreads are slightly wider but commission‑free. For a UK trader executing high volumes (e.g., 10+ lots per month), IC Markets’ raw pricing is significantly cheaper. Conversely, if you trade infrequently or dislike spread widening, EasyMarkets’ fixed spreads give you cost certainty. Both brokers allow GBP‑denominated accounts, so UK traders avoid unnecessary currency conversion fees.

Both brokers offer the industry‑standard MetaTrader 4 and MetaTrader 5 platforms, along with cTrader. IC Markets is especially favoured by UK algorithmic traders and scalpers because of its low‑latency order execution and deep liquidity. EasyMarkets provides its own proprietary web trader platform, which includes built‑in risk management features like guaranteed stop‑loss orders and deal cancellation. For UK traders who need advanced charting and ECN access via cTrader, IC Markets is the stronger choice. EasyMarkets’ platforms are more beginner‑friendly and include useful market analysis tools, but they lack the customisation that experienced MT4/MT5 users expect.

Execution quality varies significantly between the two. IC Markets operates a true ECN/STP model with no dealing desk intervention, offering average execution speeds below 40ms and deep liquidity from multiple tier‑1 banks. This is ideal for UK scalpers and EA users. EasyMarkets is a market maker, meaning it takes the other side of trades; execution is instant but may involve slight requotes during volatile periods. For UK day traders who rely on fast fills, IC Markets is the clear winner, while EasyMarkets suits those who prioritise guaranteed execution and fixed spreads over speed.

Regulation is the most critical differentiator for United Kingdom traders. EasyMarkets is authorised by the Financial Conduct Authority (FCA) under reference number 624225, meaning UK clients benefit from Negative Balance Protection and are eligible for the Financial Services Compensation Scheme (FSCS) up to £85,000. IC Markets does not hold an FCA licence; its UK clients are onboarded via its Cyprus Securities and Exchange Commission (CySEC) regulated entity. This means no FSCS cover and regulation under ESMA rules. While IC Markets is a reputable global broker, UK traders who prioritise local regulatory protection and FSCS safety should lean towards EasyMarkets. Professional traders may qualify for different treatment, but the core difference remains: FCA oversight versus offshore regulation.

UK traders will find both brokers accommodating when it comes to depositing and withdrawing funds. EasyMarkets and IC Markets each support Bank Transfer, PayPal, Skrill, and Faster Payments, alongside other popular methods like credit/debit cards and Neteller. Minimum deposits are reasonable: £100 at EasyMarkets and £200 at IC Markets. Withdrawals are processed efficiently – PayPal and Skrill typically clear within 24 hours, while Faster Payments (where available) can be instant. EasyMarkets does not charge withdrawal fees, whereas IC Markets may absorb bank charges for certain methods. Both brokers allow GBP base currencies, so UK traders avoid conversion fees. For large sums, Bank Transfer remains the most cost‑effective, though it may take 1–3 business days. Overall, the payment experience is smooth for UK residents, with multiple local options available.

Muslim traders residing in the United Kingdom can open swap‑free Islamic accounts with both EasyMarkets and IC Markets. EasyMarkets provides Islamic accounts on request, with no swap or interest charges on overnight positions, and it applies the same fixed spreads as standard accounts. IC Markets offers Islamic accounts on both its Standard and Raw Spread accounts, but the account type must be selected at registration. UK Muslim traders should ensure they meet the eligibility criteria – typically, the account must be used for genuine religious reasons and may require a longer holding period. Both brokers comply with Sharia principles, but it is advisable to confirm the exact terms with customer support before opening an Islamic account.

Customer support for UK traders is available 24/5 from both brokers, with English‑speaking teams based in multiple time zones. EasyMarkets offers live chat, email, and phone support during market hours, and its UK office can be contacted directly. IC Markets provides 24/7 live chat and email, but phone support is less readily available for UK clients. Both brokers have comprehensive FAQ sections, but EasyMarkets’ local presence gives it an edge in responsiveness for UK‑specific queries.