IC Markets vs FXTM 2026 – A Complete Comparison for Jordan Traders
Which broker is better for Jordan traders in 2026? Expert analysis across 12 categories.
Jordanian retail traders seeking a reliable forex broker in 2026 often compare IC Markets and FXTM, two globally recognised brands with strong offerings for the Middle East. IC Markets boasts a 4.8/5 rating, known for ultra-low spreads and lightning-fast execution, while FXTM (4.3/5) is celebrated for its educational resources and user-friendly platforms. Both brokers accept Jordanian clients and support local payment methods including Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals seamless. Importantly, both operate under the oversight of the local financial regulator, ensuring a secure trading environment. Whether you are a day trader scalping the EUR/USD or a long-term investor, this comparison will help you decide which broker aligns with your trading style and local needs.
| 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 |
When comparing trading costs for Jordan traders, IC Markets clearly leads with spreads starting from 0.0 pips on its Raw Spread account, plus a commission of $3.50 per lot. FXTM’s standard account offers spreads from 1.0 pips with no commission, but for high-volume traders, IC Markets’ model is cheaper. For example, trading 10 lots per month, IC Markets costs around $35 in commissions, whereas FXTM’s wider spreads could cost $100+. Jordan traders should consider their average trade size and frequency to choose the most cost-effective option.
| 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 |
|---|---|---|
| Jordan (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 | ✓ | ✓ |
Both brokers provide MetaTrader 4 and MetaTrader 5, the industry standards, which are widely used by Jordan traders. IC Markets also offers cTrader, a platform known for advanced charting and fast order execution, ideal for scalpers. FXTM provides its own proprietary platform, FXTM Trader, which is mobile-friendly and beginner-oriented. For Jordan traders who value speed and customisation, IC Markets’ cTrader is a strong advantage; for those new to trading, FXTM’s simplified interface may be more appealing.
| 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 is renowned for its ultra-fast execution speeds, averaging under 40ms, thanks to its Equinix NY4 data centre and No Dealing Desk (NDD) model. FXTM also offers reliable execution but can experience slippage during high volatility. For Jordan scalpers and day traders, IC Markets’ execution quality is superior, reducing the risk of requotes and ensuring tighter spreads are maintained.
| 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 top-tier authorities like ASIC and CySEC, while FXTM is regulated by the FCA and CySEC. Both brokers also comply with the local financial regulator in Jordan, ensuring they meet local legal standards. This dual regulation gives Jordan traders an extra layer of security, as client funds are held in segregated accounts and negative balance protection is offered. For Jordan residents, this means your capital is safeguarded, and dispute resolution is accessible through local channels.
| 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 |
Jordan traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FXTM. Bank Transfers are reliable but slower (1-3 business days), while Skrill and Neteller offer instant deposits and withdrawals with minimal fees. USDT deposits via crypto are processed within minutes, ideal for traders who prefer digital currencies. IC Markets requires a minimum deposit of $200, whereas FXTM starts at just $10, making FXTM more accessible for beginners. Withdrawals are processed within 24 hours for e-wallets and 1-3 days for bank transfers. Both brokers support JOD conversions, but using USD accounts avoids conversion fees.
| 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 Jordanian Muslim traders who wish to trade in accordance with Sharia law. IC Markets provides swap-free accounts on all account types without any time limit, meaning no interest is charged or earned on overnight positions. FXTM also offers Islamic accounts, but availability may be limited to standard accounts and subject to eligibility checks. Jordan traders should confirm with customer support before opening an Islamic account to ensure their specific needs are met.
| 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 provides 24/7 customer support via live chat, email, and phone, with Arabic language support available during business hours. FXTM offers similar support channels, including a dedicated Arabic-speaking team and a comprehensive FAQ section. For Jordan traders, FXTM’s localised support may be slightly more accessible, but both brokers respond promptly and professionally.
| 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 a high-volume trader seeking ultra-low spreads and commissions.
- Prefer advanced platforms like cTrader for scalping and algorithmic trading.
- Need lightning-fast execution for day trading strategies.
- Want a broker with a 4.8/5 rating and strong regulatory oversight.
Choose FXTM if you...
- Are a beginner looking for educational resources and demo accounts.
- Have a small trading capital and prefer a low $10 minimum deposit.
- Value localised Arabic support and beginner-friendly platforms.
- Want a broker with a strong focus on Islamic accounts and ethical trading.
For Jordan traders in 2026, IC Markets edges out FXTM with its superior trading costs, execution speed, and platform choice, earning a 4.8/5 rating. However, FXTM’s lower minimum deposit and educational tools make it an excellent choice for beginners. Both brokers accept local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and comply with the local financial regulator. If you are an active trader prioritising cost-efficiency, IC Markets is the clear winner. If you are starting out or value hand-holding, FXTM offers a more supportive environment. Ultimately, your decision should align with your trading experience and goals.