IC Markets vs FXTM for Guyana Traders (2026)
Which broker is better for Guyana traders in 2026? Expert analysis across 12 categories.
For retail traders in Guyana, choosing between IC Markets and FXTM can shape your trading experience. Both brokers are well-regarded globally, but they cater to different needs. IC Markets, with a 4.8/5 rating, is known for its ultra-tight spreads, fast execution, and institutional-grade infrastructure—ideal for active and scalping traders. FXTM, rated 4.3/5, offers a more beginner-friendly platform with extensive educational resources and a lower minimum deposit. Guyana traders using USD benefit from both brokers supporting local payment methods like Bank Transfer, Skrill, Neteller, and USDT. While neither broker is directly regulated by the local financial regulator, they hold licenses from reputable international bodies. This comparison helps you decide which broker aligns with your trading style, budget, and goals in Guyana's growing forex 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 Guyana traders, trading costs are a critical factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a commission of $3.50 per lot per side. FXTM’s ECN account starts from 0.1 pips with a commission of $2 per lot per side. Over 100 lots per month, IC Markets saves approximately $300 in spread costs compared to FXTM. For lower-volume traders, FXTM’s lower commission may be more appealing. Both brokers offer competitive costs in USD, making them suitable for Guyana-based retail 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 |
|---|---|---|
| Guyana (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 popular among Guyana traders for their advanced charting and automated trading capabilities. FXTM offers MT4, MT5, and its proprietary WebTrader, which is simpler for beginners. For Guyana traders who need fast execution and custom indicators, IC Markets’ cTrader is a standout. FXTM’s platform is more intuitive for new traders, but lacks the depth of cTrader. Both brokers support mobile trading, essential for traders on the go in Guyana.
| 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 boasts an average execution speed of 40ms, thanks to its Equinix NY4 data center and No Dealing Desk (NDD) model. FXTM’s execution speed averages 60ms, still competitive but slower. For Guyana traders who scalp or use automated strategies, IC Markets’ faster execution reduces slippage and improves trade accuracy. FXTM’s execution is reliable for swing and position traders.
| 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 Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). FXTM holds licenses from CySEC, the Financial Services Authority (FSA), and the Financial Conduct Authority (FCA). Neither broker is regulated by the local financial regulator in Guyana, but their international licenses provide client fund segregation and negative balance protection. Guyana traders should verify that their chosen broker complies with global standards, as local regulatory oversight is limited.
| 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 |
Guyana traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT with both IC Markets and FXTM. IC Markets requires a minimum deposit of $200, while FXTM starts at just $10, making FXTM more accessible for smaller accounts. Deposits via Skrill and Neteller are instant and fee-free at both brokers. Withdrawals are processed within 1-3 business days for e-wallets and up to 5 days for bank transfers. USDT deposits are supported via Tron (TRC-20) or Ethereum (ERC-20) networks. IC Markets charges no deposit or withdrawal fees, while FXTM may apply fees for certain bank transfers. For Guyana traders, e-wallets and USDT offer the fastest and most cost-effective options.
| 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 IC Markets and FXTM offer Islamic (swap-free) accounts for Muslim traders in Guyana. These accounts eliminate interest charges on overnight positions, in compliance with Sharia law. IC Markets provides swap-free accounts on all account types, while FXTM offers them on Standard and ECN accounts. Traders must apply during registration and provide proof of Muslim faith. FXTM’s Islamic accounts are subject to a holding period of 30 days before swap-free status is granted. IC Markets grants swap-free status immediately upon approval. Both brokers ensure no hidden fees, making them suitable for Guyana’s Muslim trading community.
| 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 customer support via live chat, email, and phone, with quick response times. FXTM provides support in multiple languages, including English, via live chat, email, and callback requests. For Guyana traders, IC Markets’ round-the-clock support is advantageous for overnight trading. FXTM’s support is slightly slower but still reliable. Both brokers have comprehensive FAQ sections on their websites.
| 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 or scalping trader needing ultra-tight spreads and fast execution.
- Prefer advanced platforms like cTrader for automated trading.
- Trade high volumes and want to minimize costs.
- Need 24/7 customer support for overnight trading.
Choose FXTM if you...
- Are a beginner or low-volume trader with a small deposit budget.
- Value educational resources and a user-friendly interface.
- Want a lower minimum deposit of $10 to start trading.
- Prefer a broker with a strong focus on Islamic accounts and flexible account types.
For most retail traders in Guyana, IC Markets is the superior choice due to its higher score (4.8/5), lower spreads, faster execution, and robust platform options. It suits active traders who want to maximize cost efficiency. FXTM, with a 4.3/5 rating, is better for beginners or those with smaller capital, thanks to its $10 minimum deposit and educational tools. Both brokers support Bank Transfer, Skrill, Neteller, and USDT, making deposits easy for Guyana traders. While neither is regulated by the local financial regulator, their international licenses offer adequate protection. Ultimately, choose IC Markets for performance and FXTM for accessibility.