Broker Comparison

Alpari vs Ic Markets: Which Is Better?

A quick comparison between Alpari and Ic Markets across rating, deposit, Islamic account, platforms, and spreads.

Quick Recommendation
Ic Markets

Best overall based on rating, usability, fees, and account access.

Overall
Ic Markets
Beginners
Alpari
Spreads
Ic Markets

Alpari

High leverage

4.3out of 5
Alpari
Minimum Deposit
$30
Islamic Account
Available
Trading Platforms
MT4 | MT5
Best Overall

Ic Markets

Low spreads

4.5out of 5
Ic Markets
Minimum Deposit
$200
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView
Final Verdict

Which broker is better: Alpari or Ic Markets?

A quick summary to help you choose the better broker based on your goal.

Overall Winner
Ic Markets

Best balance between rating, fees, trust, and usability.

Beginners
Alpari
Spreads
Ic Markets
Deposit
Alpari
Quick Summary

If you want the stronger overall choice, Ic Markets looks more suitable here. For beginners, the closer choice is Alpari. For lower spreads and active trading, Ic Markets looks more relevant.

Account opening is completed through the broker’s official website.

Score Analysis

Strength Analysis Between Alpari and Ic Markets

A visual summary showing where each broker performs better in safety, fees, platforms, deposits and withdrawals, and support.

Best Overall: Ic MarketsBeginners: Alpari

Safety & Trust

Reflects regulation strength and client fund protection.

Better: Ic Markets
Alpari4.0 / 5
Ic Markets4.5 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Better: Ic Markets
Alpari4.2 / 5
Ic Markets4.8 / 5

Trading Platforms

Based on platform quality and available trading tools.

Small Edge
Alpari4.4 / 5
Ic Markets4.7 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Close
Alpari4.3 / 5
Ic Markets4.3 / 5

Support & Customer Service

Compares support quality and overall user experience.

Close
Alpari4.4 / 5
Ic Markets4.4 / 5

These scores help you understand where each broker performs better depending on your priority: safety, costs, platforms, deposits and withdrawals, or support.

Accounts & Trading Costs

Account and Fee Comparison

A quick summary of the main cost factors between Alpari and Ic Markets.

Quick Summary
Ic Markets

Ic Markets looks stronger in terms of cost or spreads.

Alpari Accounts
4
Ic Markets Accounts
5
Beginners
Alpari
Factor
Alpari
Ic Markets
Main Account
Micro
Standard
Min Deposit
$30
$200
Spread
1.7 – 2.2
0.8 - 1.0
Commission
$0
$0
Execution
Market Execution
Market Execution

Alpari Accounts

4 available accounts

Micro
Spread
1.7 – 2.2
Commission
$0
Deposit
$30
Execution
Market Execution
Standard
Spread
1.2 – 1.7
Commission
$0
Deposit
$100
Execution
Market Execution
ECN
Spread
0.4 – 0.9
Commission
$3 per lot
Deposit
$300
Execution
Market Execution
Pro ECN
Spread
0.0 – 0.3
Commission
$4 per lot
Deposit
$500
Execution
Market Execution

Ic Markets Accounts

5 available accounts

Standard
Spread
0.8 - 1.0
Commission
$0
Deposit
$200
Execution
Market Execution
Raw Pro+
Spread
0.0 - 0.1
Commission
$1 per lot
Deposit
$200
Execution
Market Execution
Raw Pro
Spread
0.0 - 0.1
Commission
$1.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread
Spread
0.0 - 0.3
Commission
$3.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread (cTrader)
Spread
0.0 - 0.3
Commission
$3 per lot
Deposit
$200
Execution
Market Execution

Start with the broker that fits you best

After reviewing accounts and costs, choose the broker that better matches your trading style.

The most important factor is not only the number of accounts, but choosing the account that fits your needs in terms of spread, commission, minimum deposit, and execution method.

Quick Decision

Which Broker Should You Choose Now?

A practical summary to choose the better broker based on your goal.

Overall Recommendation
Ic Markets

The strongest overall choice based on this comparison.

Beginners
Alpari
Costs
Ic Markets
Short Decision

Choose Ic Markets if you want the strongest overall option. For an easier start, the closer choice is Alpari.

FAQs

Questions About Alpari and Ic Markets

Key questions before opening an account.

Alpari
Ic Markets

Is Alpari a regulated broker and how safe is it?

Alpari is registered in Mwali and regulated by the Mwali International Services Authority (MISA), which is considered an offshore regulator. It is not regulated by top-tier authorities like FCA or ASIC, which means lower investor protection compared to major brokers.

What happened to Alpari in 2015 and why is it important?

Alpari UK went into insolvency in 2015 after the Swiss franc crisis, leading to the closure of its regulated UK entity. The current Alpari operates under a different offshore structure.

What is the minimum deposit required to start trading with Alpari?

Alpari allows traders to start from around $30 on Micro accounts, while higher-tier accounts such as ECN and Pro ECN require deposits starting from $300 to $500.

What are the typical spreads on IC Markets accounts like Standard and Raw?

On IC Markets, Standard accounts usually have spreads starting from around 0.8 to 1.0 pips, while Raw Spread accounts offer spreads from 0.0 pips with a commission, making them more suitable for active trading strategies.

How much commission does IC Markets charge on Raw accounts?

IC Markets charges around $3.5 per lot on MetaTrader Raw Spread accounts, while cTrader accounts typically have a lower commission of about $3 per 100k traded.

What is the minimum deposit required to open an IC Markets account?

The minimum deposit on IC Markets is generally $200 across most account types, which is higher than some brokers and may not be ideal for traders starting with small capital.

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