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Author Bart Bregman

Bart Bregman

Author & Financial Analyst: 9 Years of full-time trading experience. "There is no such thing as a bad trade."

Disclaimer: The information provided on this blog should not be seen as financial advice, and is only intended for entertainment and informational purposes. ➀ Advertiser Disclosure

IC Markets vs Trade Nation: The Showdown for 2023

In the blue corner, we have IC Markets! And in the red corner, weighing in with a robust trading platform, it’s Trade Nation! Let’s unpack the 2023 showdown between these two trading behemoths.

Key Takeaways

β†’IC Markets offers superior flexibility with more trading instruments.
β†’Trade Nation shines with its simple, user-friendly platform.
β†’Both platforms are secure, but have distinct pros and cons.

IC Markets vs Trade Nation

Table of content

  • πŸ₯Š Round 1: Trading Instruments
  • 😲 The More You Know: Diversity in Currency Pairs
  • πŸ₯ŠRound 2: Trading Platforms
  • 🎣 The Lure of Simplicity
  • πŸ₯ŠRound 3: Leverage and Spreads
  • 🎒 The Thrill of Leverage: The Rollercoaster of Trading
  • Weighing The Pros and Cons: IC Markets and Trade Nation
  • πŸ₯Š IC Markets: Pros and Cons
  • πŸŽ‰ Pros of IC Markets
  • πŸ˜… Cons of IC Markets
  • πŸ₯Š Trade Nation: Pros and Cons
  • πŸŽ‰ Pros of Trade Nation
  • πŸ˜… Cons of Trade Nation
  • πŸ”Ž So, Who’s the Winner?
  • πŸ’‘Final Thoughts
  • 🧐 Frequently Asked Questions
  • 1. Which platform is better for a beginner, IC Markets or Trade Nation?
  • 2. Are both IC Markets and Trade Nation safe and trustworthy?
  • 3. Which platform offers better leverage rates, IC Markets or Trade Nation?
  • 4. Can I trade forex with both IC Markets and Trade Nation?
  • 5. Do both platforms offer mobile trading?
  • Disclaimer And General Risk Warning:
  • Author & Expert Trader - Financial Analyst:

IC Markets Visit IC Markets Now!

Be mindful: Trading involves risk and may lead to loss of capital.

Trade Nation Visit Trade Nation Now!

82.8% of retail investor accounts lose money when trading CFDs with this provider.

By Bart Bregman
Fact checked: by Shrijan Dangol

Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.

➀Learn more about how we rank brokers

➀For Reporting: Feature Requests, Missing or outdated data.

(Data
last updated:
14-09-2023)

(➀compare with
other brokers)

Our Total Score:
IC Markets: 8.19
Trade Nation: 7.22
Industry Average Ratings and Reviews:
IC Markets: 8.3
Trade Nation: 7.9
Platform Security:
IC Markets: 9.3
Trade Nation: 7.8
Cost of trading:
IC Markets: 6.3
Trade Nation: 7.2
Trade Interface expirance:
IC Markets: 9.6
Trade Nation: 7.3
Platform Resources:
IC Markets: 8.1
Trade Nation: 6.8

🏒Company Background:

Data IC Markets Trade Nation
Regulatory Compliance? Yes Yes
Publicly traded company? Yes No
Does it offer banking services? Yes Partner with a Swiss bank
Year Founded 1974 Trade Nation was originally founded as Core Spreads in 2009
Country headquarters Australia UK
Website Language Options en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi EN, DE, FR, IT, ES, NL, PT, PL, CZ, BG, RU, TR, UA
Separate Client Funds? Yes Yes
Non-ESMA Branches Available? Yes Yes
EU Clients Accepted? Yes Yes
US Clients Accepted? Yes Yes
Canadian Clients Accepted? No Yes
IC Markets vs Trade Nation: The Showdown for 2023 1

πŸ“Elite Signals offers real-time insights

Use code "20off" for 20% off any plan. πŸš€

➀ Elite Signals | Stock, Crypto, & Forex

Type of assets offered:

Data IC Markets Trade Nation
Forex (e.g. USDJPY or EURGBP) Yes Yes
Options and futures (S&P500 Futures or Crude Oil Futures) Yes No
Funds Van(ARK invest or BlackRock Equity Dividend) No No
CFDs (Google Share in CFD form) Yes Yes
Cryptos (BTC or ETH) Yes Yes
Stocks and ETFs (TESL or AAPL) Yes Yes
Commodities (Gold or Silver market) Yes Yes
Beginner-friendly (demo-account access) Yes Yes
Advanced /pro (High-frequency trading, algorithmic trading) Yes, supports (HFT, Algo, API) No
Binary option (note this is non-regulated trading, considers EXTREME risk)

πŸ›οΈTier 1 Regulatory Bodies:

Data IC Markets Trade Nation
FSA (Financial Services Authority) (Body replaced by(FCA) in 2013) (Body replaced by(FCA) in 2013)
FCA (Financial Conduct Authority) Yes No
MAS (Monetary Authority of Singapore) Yes No
FINMA (Swiss Financial Market Supervisory Authority) Yes No
CFTC (Commodity Futures Trading Commission) Yes No
MIFID-ESMA (Markets in Financial Instruments Directive) Yes Yes
ASIC (Australian Securities and Investments Commission) Yes Yes
IIROC (Investment Industry Regulatory Organization of Canada) No No
SFC (Securities and Futures Commission) No No

πŸ›οΈTier 2 Regulatory Authorities:

Data IC Markets Trade Nation
FMA (Financial Markets Authority) Yes No
CBR (Central Bank of Russia) No No
FSCA (Financial Sector Conduct Authority) Yes Yes
SEC (Securities and Exchange Commission) No No
DFSA (Dubai Financial Services Authority) Yes No
CBRC (China Banking Regulatory Commission) No No
CySEC (Cyprus Securities and Exchange Commission) No No
ISA (Israel Securities Authority) No No

πŸ›οΈTier 3 Regulatory Oversight:

Data IC Markets Trade Nation
Offshore Regulators No Yes
MMA (Maldives Monetary Authority) No No
EDR (External Dispute Resolution) No Yes
FSA (Seychelles Financial Services Authority) No No
SCB (Securities Commission of The Bahamas) No Yes
FSC (Financial Services Commission, Mauritius) No No
VFSC (Vanuatu Financial Services Commission) No No
IFSC (International Financial Services Commission, Belize) No No
CIMA (Cayman Islands Monetary Authority) No No
SVG (St. Vincent & Grenadines Financial Services Authority) No No
FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) No No
BMA (Bermuda Monetary Authority) Yes No
BVI (British Virgin Islands Financial Services Commission) No No

Max Leverage Options:

Data IC Markets Trade Nation
Leverage for Non-EU Clients 200:1 1/500
European Leverage Limits 30:1 30:1
Leverage in Australia 200:1 2023-01-30 00:00:00
US Leverage Restrictions 50:1 1970-01-01 01:30:00
Canadian Leverage Rules 0 Yes

πŸ“‚Account Offerings:

Data IC Markets Trade Nation
Demo Account Access Yes Yes
Expiration of Demo Accounts No Yes
Account Currency Choices AUD, EUR, GBP, USD, ZAR, AED, CHF, JPY, NZD, SGD EUR, USD, GBP, AUD, CAD, NZD, CHF, JPY
Standard Accounts Yes Yes
Micro-lots Accounts Yes Yes
Low-cost Account (nano lots) Yes, $50
Variable Spread Accounts Yes Yes
Fixed Spread Accounts No Yes
Zero Spread Accounts No No
ECN Accounts No Yes
Swap-Free Accounts No Yes
Islamic Accounts No Yes
Professional Trading Accounts Yes Yes
Active Trader Rewards Program Yes Yes

πŸ’°Deposits and Withdrawals:

Data IC Markets Trade Nation
Minimum Deposit Requirements Yes $300 Yes, $50
Minimum Withdrawal Limits No Yes, $20
Credit Card Options Yes Visa, Mastercard, Maestro
Bank Transfer Availability Yes yes
PayPal Support Yes Yes
Neteller Integration No Yes
Skrill Compatibility No Yes
Additional Payment Methods Bank Transfer, Credit Card,PayPal Bank transfer, credit/debit card, PayPal, Skrill, Neteller, Sofort, iDeal, Giropay, EPS, Bancontact, Przelewy24, WebMoney, Qiwi, China UnionPay, cryptocurrencies
Deposit Processing Time instant Instant
Withdrawal Processing Time 1 business day Yes

Fees and Charges:

Data IC Markets Trade Nation
Deposit-related Fees Yes Yes
Commissions on Withdrawals No No
Overnight/Swap Charges Yes Yes
Account Inactivity Fees Yes No
Currency Conversion Costs Yes Yes
Are bonus Programs Available? No Yes

Security Protocols and Measures:

Data IC Markets Trade Nation
(2FA) available? Yes Yes
(SSL) security? Yes Yes
(AML) Policy Compliance Yes Yes
Know Your Customer (KYC) Yes Yes

🌐Brand Influence:

Data IC Markets Trade Nation
Twitter Follower Counts 10.2K 4782

πŸ’ΉForex Fixed Spreads:

Data IC Markets Trade Nation
EUR/GBP Spread Range No Yes
EUR/USD Spread Range No Yes
USD/JPY Spread Range No Yes
GBP/USD Spread Range No Yes
USD/CHF Spread Range No No
AUD/USD Spread Range No Yes
USD/CAD Spread Range No Yes
NZD/USD Spread Range No Yes

Trade Execution Methods:

Data IC Markets Trade Nation
Direct Market Access (DMA) Yes Yes
Straight Through Processing (STP) Yes Yes
Electronic Communication Network (ECN) Execution No Yes
Market Maker Model No No
Non-Dealing Desk (NDD) Approach Yes Yes
First In, First Out (FIFO) Rule Application No Yes
4-Digit Decimal Pricing Yes Yes
5-Digit Decimal Pricing Yes No

Order Types & Tools:

Data IC Markets Trade Nation
Stop Loss Orders Yes Yes
Take Profit Orders Yes Yes
Limit Orders Yes Yes
Fill or Kill (FOK) Orders No Yes
Trailing Stop Orders Yes Yes
Margin Call Alerts Yes Yes
One Cancels Other (OCO) Orders No Yes
Guaranteed Stop Loss Orders Yes No
Negative Balance Protection Measures Yes Yes
Minimum Trade Sizes 0.01 lots Yes
Maximum Trade Sizes 100 lots Yes

Available Asset Classes:

Data IC Markets Trade Nation
Forex Currency Pairs 90 Yes
Cryptocurrencies 90 Yes
Commodities 34 Yes
Equities - Yes
Market Indices 37 Yes
Exchange-Traded Funds (ETFs) 20 Yes
Futures Contracts 5 No
Options Contracts 20 No
Bonds 12 No
Metals 5 Yes
Agricultural Products No No
Energy Resources 6 Yes
Interest Rates Yes Yes
Penny Stocks Yes
Initial Public Offerings (IPOs) Yes No
Asset Blends 1 Yes
Dow Jones Index No Yes
FTSE 100 Index Yes Yes
DAX Index Yes Yes
Nikkei 225 Index Yes Yes
Gold Market Trading Yes Yes

Special Account Features:

Data IC Markets Trade Nation
Multi-Account Manager (MAM) No No
Percentage Allocation Money Management (PAMM) No No
Social Trading Integration No Yes
Copy Trading Support No No
Lot Allocation Money Management (LAMM) No No

Supported Trading Techniques:

Data IC Markets Trade Nation
Scalping Strategies Yes Yes
Hedging Techniques Yes Yes
Spread Betting Opportunities Yes Yes
Automated Expert Advisor (EA) Integration Yes Yes
Virtual Private Server (VPS) Options Yes Yes
Application Programming Interface (API) Support Yes Yes

Trading Tools and Features:

Data IC Markets Trade Nation
One-Click Trade Execution Yes Yes
Signal Trading Availability Yes Yes
Price Alert Notifications Yes Yes
Number of Chart Indicators Offered 22 Yes
Number of Chart Drawing Tools Provided 17 Yes
Direct Trading From Charts Yes No
Customizable Watchlist Yes Yes

Mobile Trading Compatibility:

Data IC Markets Trade Nation
Android App Yes Yes
iOS App Yes Yes
Windows Mobile App No No
Mobile Trading Signal Integration Yes Yes
App for Smartwatches No Yes
Forex Mobile Trading Yes Yes
CFD Mobile Trading Yes Yes
Alert Notifications on Mobile Devices Yes Yes
Mobile Charting and Drawing Tools Yes Yes
Languages Supported on Mobile App en, de, es, fr, po English, French, German, Spanish, Italian, Portuguese, Russian, Arabic, Turkish, Polish, Czech, Hungarian, Slovenian, Bulgarian, Romanian, Greek, Danish, Norwegian, Swedish, Finnish
Watchlist Feature on Mobile App Yes Yes

Commodity Offerings:

Data IC Markets Trade Nation
Crude Oil Trading 2.8 Yes
Natural Gas Trading No Yes
Silver Markets 2 Yes
Platinum Trading No Yes
Copper Trading No Yes
Soybean Contracts No Yes
Corn Markets No Yes
Gold Markets 0.3 Yes
Lithium Markets Yes Yes

Stock Trading Fees:

Data IC Markets Trade Nation
Apple Shares $0-$3 $0-$2.50
Amazon (AMZN) Shares $0-$3 $0-$2.50
Invidia Shares $0-$3 $0-$2.50
META Shares $0-$3 $0-$2.50
Ford Motor Co Shares $0-$3 $0-$2.50
Alphabet (GOOGL) Shares $0-$3 $0-$2.50
BP Shares $0-$3 $0-$2.50
Tesco Shares $0-$3 $0-$2.50
Barclays Shares $0-$3 $0-$2.50
Lloyds Shares $0-$3 $0-$2.50
Adobe (ADBE) Shares $0-$3 $0-$2.50
Microsoft (MSFT) Shares $0-$3 $0-$2.50
Nvidia (NVDA) Shares $0-$3 $0-$2.50

Index Trading Fees:

Data IC Markets Trade Nation
FTSE 100 Fee Structure 1 Yes, 0.08% per trade
S&P 500 Fee Structure 0.4 No
Dow Jones Fee Structure - Yes
Nasdaq Fee Structure 1 Yes
CAC 40 Fee Structure 1 Yes
DAX 30 Fee Structure 2 Yes
Nikkei 225 Fee Structure 7 Yes
Euro Stoxx 50 Fee Structure 2 Yes

Cryptocurrency Trading Fees: Maker-Taker-Spread

Data IC Markets Trade Nation
Bitcoin Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Ethereum Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Ripple Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Binance Coin Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Cardano Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Solana Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Polygon Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Dogecoin Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Chainlink (LINK) Fees 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Polkadot (DOT) 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%
Avalanche (AVAX) 0.01%, 0.07%, Up to 2.5% 0%, 0%, Up to 2%

Available Trading Platforms:

Data IC Markets Trade Nation
cTrader Desktop App No Yes
cTrader Web Interface No No
Mirror Trader Platform No No
ZuluTrade Integration No Yes
MT4 Desktop Interface No Yes
MT4 Web Platform No Yes
MT5 Desktop App No Yes
MT5 Web Interface No Yes
Tradingview No No
Proprietary Desktop Software No No
Proprietary Web-based Platform Yes Yes
Mac-Compatible Platform Options Yes Yes
Sirix Trading Platform No No

Education Resources:

Data IC Markets Trade Nation
Education Offerings Yes Yes
Webinar Offerings Yes Yes
Platform Tutorial Videos Yes Yes
Beginner-Level Trading Videos Yes Yes
Expert-Level Trading Videos Yes Yes
Tutorial guides Yes Yes
Terminology Glossary Yes Yes

Customer Support Options:

Data IC Markets Trade Nation
Callback Request Feature No Yes
Email Support Availability Yes Yes
Telephone Support Yes No
Live Chat support Yes Yes
Offered Support Languages en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi Yes

Research-Tools:

Data IC Markets Trade Nation
In-Depth Professional Reports Yes Yes
Social Trading Features - Social Newsfeeds Yes Yes
Economic Event Calendar No Yes
Daily Email With Trading Ideas Yes Yes
Analysis From Trading Central (Recognia) No Yes
Analysis From Delkos Research No Yes
AutoChartist Tool Yes Yes
Trader Sentiment Metrics Yes Yes
Twitter-Based News Updates Yes No
Facebook-Based News Updates Yes No
Daily Market Commentary Yes Yes

πŸ₯Š Round 1: Trading Instruments

IC Markets Instruments

TradeNation Markets

Whichever platform you choose, the quantity and variety of trading instruments is pivotal for maintaining an engaging trading portfolio. Both platforms offer forex trading, but IC Markets avails a broader selection. It has over 60 currency pairs compared to Trade Nation which only equips its traders with around 30.

😲 The More You Know: Diversity in Currency Pairs

Why stress over the quantity of currency pairs? Because diversity is the spice of stock trading life! Just like your grandma’s secret sauce, having variety on your trading options is crucial for a solid flavor.

πŸ₯ŠRound 2: Trading Platforms

Trade Nation Platform

IC Markets Platforms

There’s more to becoming a successful trader than the availability of trading instruments. The platform’s user interface and ease of use come into sharp focus. At this stage, Trade Nation takes up the mantle with their sleek and friendly platform, making them a precious gem for newbies in the trading arena.

🎣 The Lure of Simplicity

You might recall your physics professor stressing the KISS principle – Keep It Simple, Silly! In trading, a user-friendly platform aids in understanding everything from market analysis to executing your trading strategies. And that’s what Trade Nation offers – simplicity at its finest!

πŸ₯ŠRound 3: Leverage and Spreads

IC Markets Account Types

TradeNation Spreads

Here comes the kicker! Leverage and spreads can make a significant difference in your profits. IC Markets provides high leverage rates and low spreads, which is a sweet deal for seasoned traders. However, Trade Nation offers fixed spreads, giving traders predictability when planning their strategies.

🎒 The Thrill of Leverage: The Rollercoaster of Trading

Leverage can be a thrilling ride, but remember, “With great power comes great responsibility”. Always buckle up when dealing with high leverages and ensure you understand the potential risks involved.

Weighing The Pros and Cons: IC Markets and Trade Nation

Before we delve into more detail, it’s prudent to consider the pros and cons of both platforms. After all, every seasoned trader knows the importance of looking at both sides of the coin.

πŸ₯Š IC Markets: Pros and Cons

IC Markets is a tried and tested platform, garnishing favorable reviews for its range of trading options and overall flexibility. πŸ‘Œ

πŸŽ‰ Pros of IC Markets

  • Offers a wider variety of trading instruments, enhancing portfolio diversity.
  • Provides high leverage rates for those keen on implementing aggressive investment strategies.
  • Boasts relatively low spreads, enabling traders to maximize profit margins. πŸš€

πŸ˜… Cons of IC Markets

  • The platform layout may not be as newbie-friendly as others on the market. πŸ’»
  • High leverage, while potentially profitable, also involves considerable risk. It’s a double-edged sword! πŸ—‘οΈ

πŸ₯Š Trade Nation: Pros and Cons

Trade Nation, still a significant player in the game, demonstrates robust reliability and user-friendliness unmatched in the trading ecosystem. πŸ‘

πŸŽ‰ Pros of Trade Nation

  • Offers a user-friendly platform that breaks down complicated market trends into digestible bytes – perfect for trading newbies! πŸ™Œ
  • Provides fixed spreads, adding predictability to trading transactions, another boon for beginners. πŸ₯³

πŸ˜… Cons of Trade Nation

  • Limited trading instruments compared to other platforms, potentially impacting portfolio diversity. 🌍
  • While fixed spreads offer predictability, they might not be as low as variable spreads offered by other vendors. πŸ“ˆ

πŸ”Ž So, Who’s the Winner?

Well, to cop-out in true diplomatic style β€” it honestly depends on your personal trading needs and capabilities. If versatility and high leverage appeal to you, IC Markets holds the advantage. However, for a simpler, more predictable trading experience, Trade Nation might be your cup of tea. Or coffee. No judgment here. β˜•

Remember, regardless of your selection, ensure you tread with caution and understanding of the respective risks involved. In the world of trading, knowledge truly is power. πŸ’‘

πŸ’‘Final Thoughts

Choosing between IC Markets and Trade Nation isn’t black and white. Both platforms have their unique strengths and weaknesses. IC Markets takes the trophy for offering a wider range of trading instruments with terrific leverage rates. However, Trade Nation steals the show when it comes to usability, perfect for novice traders or those who value simplicity over all else.

The verdict? It ultimately boils down to your individual trading needs and preferences. Yes, it’s like choosing between vanilla and chocolate ice cream all over again! Both have their charms – it’s a matter of which suits your palate. Happy trading in 2023! 🍦

🧐 Frequently Asked Questions

FAQ Frequently Asked Questions

1. Which platform is better for a beginner, IC Markets or Trade Nation?

While IC Markets offers a wider range of trading instruments, Trade Nation’s platform is more user-friendly and therefore a wise choice for beginner traders.

2. Are both IC Markets and Trade Nation safe and trustworthy?

Absolutely! Both platforms are regulated and maintain high levels of security to protect client data and funds. But as they say in the trading world, “always do your homework” and ensure you’re comfortable with the platform you select.

3. Which platform offers better leverage rates, IC Markets or Trade Nation?

IC Markets provides higher leverage rates. However, remember that higher leverage also comes with increased risk, so tread carefully!

4. Can I trade forex with both IC Markets and Trade Nation?

Yes, both platforms support forex trading. In fact, IC Markets offers over 60 currency pairs whilst Trade Nation provides around 30.

5. Do both platforms offer mobile trading?

Indeed, they do. Whether you’re a trader on the go or someone who enjoys trading from the comfort of your living room, both IC Markets and Trade Nation have platforms designed for mobile gadgets.


Disclaimer And General Risk Warning:

  • β–Ί The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
  • β–Ί Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
  • β–Ί CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
  • β–Ί Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
  • β–Ί Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
  • β–Ί Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
  • β–Ί USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
  • β–Ί Trade with caution and be warned!


Author & Expert Trader - Financial Analyst:

Bart Bregman
My name is Bart Bregman and I am a full-time professional trader with nine years of experience. I specialize in shorter-term trading using technical analysis, and I have extensive experience with Stocks, CFDs, Options, and Crypto trading. I believe that there is no such thing as a bad trade. I'm currently traveling the world as a digital nomad trader. You can follow my journey on Instagram at https://www.instagram.com/bart_bregman/

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