IC Markets vs FXTM: Which Broker is Best for Togo Traders in 2026?
Which broker is better for Togo traders in 2026? Expert analysis across 12 categories.
For Togo traders seeking reliable forex brokers, IC Markets and FXTM are two leading options in 2026. IC Markets, with a score of 4.8/5, is renowned for its ultra-low spreads and institutional-grade execution, appealing to active retail traders. FXTM, scoring 4.3/5, balances competitive pricing with strong educational resources and local support. Both brokers accept Togo residents and offer deposits via Bank Transfer, Skrill, Neteller, and USDT, crucial for local accessibility. While neither is regulated by the Togo local financial regulator, they are overseen by top-tier authorities like ASIC and CySEC. This comparison helps Togo traders choose based on cost, platform, and service 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 |
IC Markets offers lower trading costs for Togo traders, with spreads from 0.0 pips on the Raw Spread account and a commission of $3.50 per lot. FXTM’s ECN account starts at 0.1 pips with a $2 per lot commission. For high-volume traders in Togo, IC Markets saves significantly on spreads. FXTM’s standard account has spreads from 1.3 pips, which is higher but commission-free. Togo traders should consider their trading frequency and volume to maximize cost efficiency.
| 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 |
|---|---|---|
| Togo (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, widely used by Togo traders for their reliability and advanced charting. IC Markets also offers cTrader, which is popular for ECN trading with direct market access. FXTM provides its proprietary FXTM Trader app for mobile trading. For Togo traders, IC Markets’ cTrader is ideal for scalping, while FXTM’s app is user-friendly for beginners.
| 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 provides ultra-fast execution with no requotes, averaging under 40ms, ideal for scalping Togo traders. FXTM’s execution is also fast but may have occasional slippage during news events. Both use ECN/STP models, but IC Markets is superior for high-frequency strategies.
| 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 ASIC (Australia), CySEC (Cyprus), and the FSA (Seychelles), while FXTM is regulated by FCA (UK), CySEC, and FSC (Mauritius). Neither broker is directly regulated by the Togo local financial regulator, but both adhere to strict international standards. For Togo traders, this means funds are protected under segregation rules, though not under local compensation schemes. Always verify broker status for 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 |
For Togo traders, both IC Markets and FXTM support deposits and withdrawals via Bank Transfer, Skrill, Neteller, and USDT. IC Markets processes deposits instantly with no fees, while FXTM may charge for certain methods. Withdrawals at IC Markets are typically processed within 1-2 business days, and FXTM within 1-3 days. USDT (Tether) is especially useful for Togo traders seeking fast, low-cost transfers. Minimum deposits are $200 for IC Markets and $10 for FXTM, making FXTM more accessible for beginners in Togo.
| 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 swap-free Islamic accounts for Muslim traders in Togo, in compliance with Sharia law. IC Markets provides this on all account types, while FXTM offers it on selected accounts. No interest is charged or earned on overnight positions. Togo traders should request the account type during registration and note that some brokers may require a minimum deposit or have restrictions on hedging.
| 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 support via live chat and email, while FXTM provides 24/5 support with additional phone support. For Togo traders, FXTM’s phone support and localized service may be more helpful, though IC Markets’ round-the-clock chat is convenient for active traders.
| 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 seeking the lowest spreads.
- Trade high volumes and want raw spreads from 0.0 pips.
- Prefer cTrader platform for advanced tools.
- Need 24/7 customer support and fast execution.
Choose FXTM if you...
- Are a beginner or intermediate trader needing educational resources.
- Want a low minimum deposit of $10 to start.
- Prefer phone support and localized service.
- Value a wide range of account types and bonuses.
For Togo traders, IC Markets is the superior choice due to its 4.8/5 rating, lower spreads, and faster execution, especially for active traders. FXTM is a strong alternative for beginners or those seeking educational support and lower entry barriers. Both brokers accept Bank Transfer, Skrill, Neteller, and USDT for local deposits, and are not regulated by the Togo local financial regulator but by reputable international bodies. Ultimately, IC Markets wins for cost efficiency, while FXTM excels in user experience. Togo traders should align their choice with their trading style and goals.