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Admirals (Admiral Markets)
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IC Markets

Admirals (Admiral Markets) vs IC Markets: which broker is better in 2026?

We compare Admirals (Admiral Markets) and IC Markets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, IC Markets edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaAdmirals (Admiral Markets)IC Markets
Overall score 3.9 4.1
Regulation & safety 4.0 3.5
Fees & deposit 3.5 4.5
Platform & assets 4.0 4.5
User support 4.0 4.0
Trust score78/10080/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, Admirals platform/appMetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Mobile App
Fee modelSpread + commission varies; competitiveSeveral account types (Raw Spread, Standard, Raw Pro/Pro+, cTrader Raw Spread, Swap Free) — the fee structure per account type has not been verified in detail

Pros & cons

Admirals (Admiral Markets)
  • Tier-1 multi-jurisdiction regulation (FCA/ASIC/CySEC) + a track record since 2001
  • Full MT4/MT5 + strong educational material
  • Multi-asset coverage (forex, CFDs, ETFs, bonds)
  • Spread is not the cheapest in the raw ECN class
  • Product availability differs per entity
  • Leverage is high-risk
IC Markets
  • One of the most popular raw-spread ECN brokers for scalping/algo trading (very low costs)
  • Very complete platform selection (MT4/MT5/cTrader/TradingView)
  • Regulated by ASIC (Australia) + CySEC for certain entities
  • A class-action record (reported since 2024) alleging it misled investors — no verdict yet, but a relevant public fact
  • Many clients via offshore entities (Seychelles/Bahamas)
  • Leverage is high-risk

Regulation at a glance

Admirals (Admiral Markets)

Admirals (Admiral Markets) — regulated by the FCA (UK), CySEC (Cyprus), ASIC (Australia), EFSA (Estonia), JSC (Jordan). Related to a group publicly listed on Nasdaq Tallinn.

IC Markets

Exact license numbers not yet verified — the official site mentions multi-regulation but the detailed regulation page was inaccessible during our check. Verify directly with the regulator (ASIC, CySEC, or the Seychelles FSA depending on the entity) before signing up.