Forex.com vs IC Markets 2026: Which Broker is Better for Greece Traders?

For Greek traders, trading costs are a critical factor, especially when trading EUR/USD or indices. IC Markets dominates here with its Raw Spread account offering spreads from 0.0 pips and a commission of $3.5 per lot round turn, making it ideal for scalpers and high-volume traders. On the Standard account, spreads average 0.6 pips with no commission. Forex.com's spreads are wider: EUR/USD averages 1.1 pips on its Standard account and 0.8 pips on the commission-based account ($5 per lot). Over 100 lots, IC Markets can save Greek traders over $500 in costs. Both brokers have no hidden fees, but IC Markets has an overall lower cost structure, especially for frequent traders.

Greek traders can choose between MetaTrader 4, MetaTrader 5, and cTrader on IC Markets, offering advanced charting, automated trading, and customizable indicators. Forex.com provides proprietary platforms (Web, Mobile, Desktop) plus MT4, but lacks cTrader. For Greek traders who value algorithmic trading or third-party tools, IC Markets is more flexible. Forex.com's own platform is beginner-friendly with integrated news and analysis, which can benefit newcomers. Both brokers offer mobile apps with full functionality, suitable for trading on the go in Greece.

Execution quality directly impacts trading results. IC Markets uses No Dealing Desk (NDD) execution with low latency, achieving average execution speeds under 40ms and minimal requotes. This is ideal for Greek scalpers and algorithmic traders. Forex.com operates as a market maker with some DMA options, but execution can be slower (around 100ms) and slippage more common during news events. For active Greek traders, IC Markets offers superior execution with tighter spreads and faster fills.

Both Forex.com and IC Markets are regulated by the Cyprus Securities and Exchange Commission (CySEC) under MiFID II, allowing them to serve Greek residents through passporting rights. The Hellenic Capital Market Commission (HCMC) ensures compliance with local investor protection rules, including negative balance protection and segregated client funds. Forex.com also operates under FCA regulation (UK), while IC Markets is additionally regulated by ASIC (Australia) and FSA (Seychelles). For Greek traders, the EU-level protections are identical, but Forex.com's FCA regulation adds an extra layer of security. Always check that your account is under the CySEC entity for maximum protection.

Greek traders have convenient deposit and withdrawal options at both brokers. Bank Transfer (SEPA) is reliable but can take 1-2 business days. E-wallets like Skrill and Neteller are instant and free for deposits (withdrawal fees may apply). IC Markets also accepts USDT TRC20 deposits, a fast and low-cost crypto option popular among Greek traders, while Forex.com does not support USDT. Minimum deposits: $100 at Forex.com, $200 at IC Markets. Withdrawals are processed within 24 hours at IC Markets (e-wallets) and 1-2 days at Forex.com. Both brokers charge no internal fees for withdrawals, but third-party fees may apply for bank transfers. For Greek traders, e-wallets and USDT provide the fastest access to funds.

Both brokers offer Islamic (swap-free) accounts for Greek Muslim traders who wish to trade without earning or paying interest overnight. Forex.com provides Islamic accounts on request for all account types, though it restricts certain instruments to comply with Sharia law. IC Markets offers swap-free accounts on its Standard and Raw Spread accounts with no expiry date, but the broker may deduct a replacement fee for positions held beyond a certain period. Greek traders should confirm the specific terms for their preferred account type. Overall, both are accessible, but IC Markets offers more flexibility with its raw spread account.

Greek traders need reliable customer support. Forex.com offers 24/5 support via phone, live chat, and email, with local phone numbers for Europe. However, Greek language support is not guaranteed; English is primary. IC Markets provides 24/7 live chat and faster response times (under 1 minute on average), plus email support in English. Neither broker has dedicated Greek-speaking support, but IC Markets’ 24/7 availability is advantageous for traders in different time zones. Both have extensive FAQ sections and knowledge bases.