IC Markets vs FXTM for Ukraine Traders – 2026 Comparison
Which broker is better for Ukraine traders in 2026? Expert analysis across 12 categories.
Ukraine traders looking for a reliable forex broker in 2026 often compare IC Markets and FXTM. IC Markets, rated 4.8/5, is known for its ultra-low spreads (from 0.0 pips) and fast execution, ideal for active traders. FXTM, with a 4.3/5 rating, offers a more beginner-friendly experience with extensive educational materials and a wide range of account types. Both brokers accept Ukraine clients and support local payment methods including Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals convenient. The local financial regulator oversees forex activity, but these brokers operate under international licenses. This comparison helps Ukraine retail traders choose based on their trading style, experience, and specific 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 |
For Ukraine traders, trading costs are a key factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 commission per lot, making it highly cost-effective for scalpers and high-volume traders. FXTM's standard account has spreads from 1.0 pips with no commission, while its ECN account offers spreads from 0.1 pips with a $5 commission. Over 100 lots, IC Markets saves approximately $200-$300 compared to FXTM. Ukraine traders should consider their trading volume to choose the most cost-efficient 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 |
|---|---|---|
| Ukraine (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 offer MetaTrader 4 and MetaTrader 5, the most popular platforms among Ukraine traders. IC Markets also provides cTrader, which is favored for its advanced charting and order execution. FXTM offers its proprietary FXTM Trader app, plus WebTrader for browser-based trading. Ukraine traders who prefer automated trading or advanced tools will find IC Markets' cTrader advantageous, while beginners may appreciate FXTM's intuitive mobile app.
| 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 offers faster execution with an average speed of 40ms, thanks to its Equinix NY4 data center and low-latency infrastructure. FXTM's execution speed is around 100ms, which is still competitive but slower. For Ukraine traders using scalping or high-frequency strategies, IC Markets' superior execution quality reduces slippage and improves trade outcomes.
| 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). For Ukraine traders, neither broker is directly regulated by the local financial regulator, but both adhere to international standards. This provides a level of client protection, though Ukraine traders should be aware that deposit insurance may not apply. Always verify the regulatory status of the specific entity you trade with.
| 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 |
Ukraine traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FXTM. IC Markets also accepts credit/debit cards and PayPal, while FXTM supports local bank transfers and additional e-wallets. Minimum deposits are $200 for IC Markets and $100 for FXTM. Deposits are typically instant with e-wallets and USDT, while bank transfers take 1-3 business days. Withdrawals are processed within 24 hours at IC Markets and 1-3 days at FXTM. Both brokers charge no deposit fees, but withdrawal fees may apply for certain methods. USDT deposits are particularly popular among Ukraine traders for their speed and low cost.
| 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 Ukraine Muslim traders who wish to trade without earning or paying interest. IC Markets provides swap-free accounts on all account types, including Raw Spread and Standard, with no additional fees. FXTM offers Islamic accounts on its Standard and ECN accounts, but a small administrative fee may apply after a certain holding period. These accounts comply with Sharia law, making them suitable for Ukraine's Muslim 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 provides 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team for Ukraine traders. FXTM offers 24/5 support in multiple languages, including Russian and Ukrainian, through live chat, email, and callback service. Both brokers have extensive FAQ sections, but IC Markets' 24/7 availability gives it an edge for traders operating in different time zones.
| 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...
- Trade high volume and need ultra-low spreads from 0.0 pips
- Prefer fast execution for scalping or algorithmic trading
- Use advanced platforms like cTrader alongside MT4/MT5
- Want 24/7 customer support and instant USDT deposits
Choose FXTM if you...
- Are a beginner looking for educational resources and demo accounts
- Prefer a lower minimum deposit of $100
- Want access to proprietary platforms like FXTM Trader
- Need support in Ukrainian or Russian language
For Ukraine traders in 2026, IC Markets is the superior choice for active and experienced traders due to its lower spreads, faster execution, and advanced platform options. FXTM is better suited for beginners or those who value educational support and a lower entry barrier. Both brokers accept local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and are compliant with international regulations, though not directly overseen by the local financial regulator. Your choice should align with your trading style, volume, and need for local language support. Overall, IC Markets scores higher (4.8/5) and offers more value for serious Ukraine traders.