IC Markets vs FXTM: Which Broker is Better for Georgia Traders in 2026?
Which broker is better for Georgia traders in 2026? Expert analysis across 12 categories.
Georgia’s forex trading scene is growing fast, and choosing the right broker is key to success. IC Markets and FXTM are two top contenders, each with unique strengths for traders in Georgia. IC Markets scores an impressive 4.8/5, known for ultra-low spreads and lightning-fast execution, perfect for active traders. FXTM, with a 4.3/5 rating, offers a more beginner-friendly platform and robust educational tools. Both brokers support USD accounts and local payment methods like Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals easy for Georgians. Whether you’re scalping the EUR/USD or swing trading gold, this comparison breaks down costs, platforms, regulation, and local features to help you decide. Read on to see which broker fits your trading style in Georgia’s dynamic market.
| Instrument | IC Markets | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $10 | FXTM |
| Inactivity fee | ✓ | ✓ | Tie |
For Georgia traders, trading costs directly impact profitability. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 round-turn commission per lot. FXTM’s standard account has spreads from 0.5 pips with no commission. For high-volume traders in Georgia, IC Markets is significantly cheaper—trading 10 lots per day can save hundreds of dollars monthly. FXTM’s fixed spreads are better for news traders who need stability. Both brokers have no hidden fees for USD accounts, but IC Markets’ lower variable spreads give it a clear edge for cost-conscious Georgian traders.
| Account Type | IC Markets | FXTM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✓ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✓ |
| VPS trading | ✓ | ✓ |
| Min deposit | $200 | $10 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | IC Markets | FXTM |
|---|---|---|
| Georgia (offshore) | Up to 1:500 | Up to 1:2000 |
| Forex major pairs | 1:500 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | IC Markets | FXTM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | IC Markets | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all available in Georgian language versions. These platforms offer advanced charting, automated trading, and fast order execution. FXTM also offers MT4 and MT5 but lacks cTrader. For Georgia traders who use Expert Advisors (EAs) or scalping, cTrader on IC Markets is a major advantage. FXTM’s proprietary mobile app is more intuitive for beginners. Both brokers support web trading with no download needed, but IC Markets offers more flexibility for experienced traders in Georgia.
| Factor | IC Markets | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets uses Equinix NY4 servers for ultra-fast execution with average speeds under 40ms, ideal for scalping and high-frequency trading. FXTM offers good execution but may have slight slippage during volatile markets. For Georgia traders who trade news events or use EAs, IC Markets’ superior execution reduces slippage and requotes. FXTM’s execution is reliable for standard trading but not as optimized for speed. IC Markets’ No Dealing Desk (NDD) model ensures direct market access for the best prices.
| Safety Factor | IC Markets | FXTM |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Reg number | #335692 | #600475 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), providing strong client fund protection. FXTM is regulated by CySEC, the UK Financial Conduct Authority (FCA), and the Financial Services Commission (FSC) in Mauritius. While neither is directly supervised by Georgia’s local financial regulator, both brokers adhere to international standards. For Georgia traders, this means your funds are held in segregated accounts, and negative balance protection is offered. IC Markets’ ASIC regulation is particularly stringent, giving extra peace of mind.
| Payment Method | IC Markets | FXTM |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Deposit fee | None | None |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Cards instant (up to 2h EU); e-wallets instant-2h; bank/local transfer 1 business day; crypto up to 24h |
| Min withdrawal | $50 | $50 |
Georgia traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FXTM. IC Markets processes deposits instantly for e-wallets and USDT, with no fees. Bank transfers take 1-2 business days. FXTM also supports these methods but may charge a small fee for Skrill and Neteller deposits. Withdrawals are equally convenient: USDT withdrawals are processed within 24 hours, while bank transfers take 1-3 days. Both brokers allow free withdrawals, but FXTM limits the number of free withdrawals per month. For Georgia traders using USDT, IC Markets offers faster processing and lower costs.
| Islamic Account Feature | IC Markets | FXTM |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | — |
| How to apply | Contact support | Contact support |
Both brokers offer Islamic (swap-free) accounts for Georgia Muslim traders who follow Sharia law. IC Markets provides swap-free accounts on all account types without additional fees or restrictions. FXTM also offers Islamic accounts but requires a request after opening a standard account, and it may be limited to certain account types. IC Markets’ policy is more straightforward and accessible for Georgian Muslim traders. Both brokers ensure no overnight interest is charged on positions, making them compliant with Islamic finance principles.
| Support Feature | IC Markets | FXTM | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with fast response times. FXTM also provides 24/5 support with live chat and phone, but weekend support is limited. For Georgia traders, IC Markets’ 24/7 support is more reliable, especially for those trading during non-standard hours. Both brokers have comprehensive FAQ sections and knowledge bases in English, but IC Markets’ live chat is more responsive.
| Mobile Feature | IC Markets | FXTM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | IC Markets |
| Google Play rating | 4.3★ | 4.2★ | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | IC Markets | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | IC Markets |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
| Beginner resources | Excellent | Basic | IC Markets |
Choose IC Markets if you...
- Are an active scalper or day trader needing ultra-low spreads and fast execution.
- Use Expert Advisors (EAs) or algorithmic trading strategies.
- Prefer cTrader platform for advanced charting and order management.
- Want 24/7 customer support and faster USDT withdrawals.
Choose FXTM if you...
- Are a beginner trader who needs educational resources and a user-friendly platform.
- Prefer fixed spreads for stability during news trading.
- Want a broker with strong UK FCA regulation for added security.
- Don’t need advanced tools like cTrader or ultra-low spreads.
For Georgia traders, IC Markets is the superior choice with its 4.8/5 rating, lower spreads, faster execution, and better support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT. It’s ideal for active traders who prioritize cost and speed. FXTM (4.3/5) is a strong alternative for beginners or those who value educational tools and fixed spreads. While neither broker is regulated by Georgia’s local financial regulator, both offer robust international oversight. If you’re a retail trader in Georgia looking to maximize profits with minimal costs, IC Markets wins. For a more guided experience, FXTM is a reliable option.