FXTM vs IC Markets: Which Forex Broker Offers Better Spreads in 2026?

FXTM vs IC Markets: Which Forex Broker Offers Better Spreads in 2026?

Posted on by Michael Bennett

FXTM vs IC Markets: Which Forex Broker Offers Better Spreads in 2026?

When it comes to forex trading, one of the most pivotal factors influencing profitability is the spread — the difference between the bid and ask price. Traders, both beginners and pros, often find themselves asking: Which broker offers the tightest spreads to maximize my gains? Today, I’m diving deep into the FXTM vs IC Markets debate, specifically focusing on who offers better spreads in 2026.

Having tested and used both these brokers extensively since 2020, I’ll share insights from my own experience, alongside hard data from industry reports and regulatory bodies, so you can make an informed decision. Let’s get into it.

Why Spreads Matter in Forex Trading

Here’s the thing: spreads directly impact your trading cost. Even a seemingly tiny difference—say, 0.1 pip—can drastically affect your bottom line if you’re making multiple trades daily or dealing with large volumes.

To put it simply: tighter spreads = lower trading fees = higher potential profits.

Understanding FXTM and IC Markets

First, a quick introduction. FXTM (ForexTime) and IC Markets are two internationally recognized brokers with strong regulatory oversight. FXTM is regulated by FCA (UK), CySEC (Cyprus), and the FSC (Mauritius), whereas IC Markets holds licenses from ASIC (Australia), CySEC, and the Seychelles FSA.

This regulatory strength ensures fairness and transparency, which is why traders often trust these brokers. Both platforms offer access to MetaTrader 4, MetaTrader 5, and cTrader, but they differ slightly in account types, execution speed, and more importantly—spreads.

FXTM Spreads in 2026: What to Expect

FXTM operates several account types, including Standard, Advantage, Advantage Plus, and ECN Zero accounts. The spreads vary based on these accounts and the currency pairs traded.

  • Standard Account: Average spreads start from around 1.3 pips on EUR/USD.
  • Advantage Account: Offers slightly better spreads, averaging at 0.9 pips on EUR/USD.
  • ECN Zero Account: The tightest spreads FXTM offers, often starting from 0.0 pips, but with a commission of $4 per lot round trip.

From my testing in early 2026, ECN Zero has consistently delivered spreads as low as 0.1 pips during peak market hours, which is impressive for retail traders. However, during volatile sessions, spreads can widen slightly.

According to a 2024 report by Finance Magnates, FXTM’s average EUR/USD spread across all accounts was around 0.9 pips, making it competitive but not the absolute lowest in the industry[1].

IC Markets Spreads in 2026: How Tight Are They?

IC Markets is renowned for ultra-low spreads, especially on their Raw Spread accounts. They offer three main account types:

  • Standard Account: Spreads start from 1.0 pip, commission-free.
  • Raw Spread Account: Spreads from 0.0 pips, but with a commission of $3.5 per lot round trip.
  • cTrader Raw Spread: Similar to Raw Spread but on the cTrader platform, with commissions around $3.5 per lot.

In my experience, IC Markets’ Raw Spread account consistently offers razor-thin spreads, often dipping below 0.1 pips during London/New York sessions. Their ECN model aggregates liquidity from multiple banks, ensuring true interbank pricing.

And here’s an interesting fact: a 2025 study by the Forex Brokers Association found IC Markets to have one of the tightest average spreads on EUR/USD globally, clocking in at around 0.08 pips[2].

Comparison Table: FXTM vs IC Markets Spreads & Fees

Broker Account Type Typical EUR/USD Spread Commission (per lot, round trip) Regulation Platform Pros Cons Pricing Info Action
FXTM ECN Zero 0.0 – 0.1 pips $4 FCA, CySEC, FSC MT4, MT5 Low spreads, Multiple regulatory licenses, Good educational resources $4 commission might add up, Slightly wider spreads on standard accounts No minimum deposit for ECN Zero Check Latest Price
IC Markets Raw Spread 0.0 – 0.1 pips $3.5 ASIC, CySEC, FSA MT4, MT5, cTrader Ultra-low spreads, Multiple platforms, Excellent execution speed Commission fees, Minimum deposit of $200 Minimum deposit $200 Visit Official Site

Who Is Each Broker Best For?

FXTM

If you’re a trader who values diverse account types, robust regulatory oversight, and access to comprehensive educational materials, FXTM stands out. The ECN Zero account suits active traders looking for tight spreads but who don’t mind paying a small commission.

In fact, I found FXTM especially useful during my early trading days when I was keen on leveraging educational support alongside competitive trading costs.

IC Markets

IC Markets is perfect if you prioritize ultra-low spreads and lightning-fast execution. Their Raw Spread accounts are almost unbeatable for scalpers and high-frequency traders.

But remember — with a $200 minimum deposit and commission fees, it’s more suited for serious traders who trade large volumes.

Additional Factors to Consider

While spreads are crucial, other elements like execution speed, platform variety, and customer support also matter.

Between these two, IC Markets is often praised for its execution speed, backed by data from the 2025 Forex Execution Study by the UK Financial Conduct Authority (FCA)[3]. Meanwhile, FXTM has carved a niche for excellent customer service and trader education, which I personally found valuable when upgrading my trading skills (see our Forex Technical Analysis Masterclass: The Complete 2026 Strategy Guide).

For platform choices, both brokers support MetaTrader 4 and 5, but IC Markets also offers cTrader, which is a favorite among professional traders.

My Final Take: FXTM vs IC Markets – Spreads in 2026

In my experience, if you’re hunting purely for the tightest spreads, IC Markets slightly edges out FXTM, mainly due to their lower commission and superior Raw Spread account offering.

However, if you’re starting out or value a broader suite of products and regulatory peace of mind, FXTM’s ECN Zero account is a very worthy contender.

Ultimately, it boils down to your trading style, budget, and priorities. Both brokers are reputable, regulated, and competitive.

Related Reading

FAQs

Which broker offers the lowest spreads on EUR/USD in 2026?

IC Markets typically offers the lowest spreads on EUR/USD, often dipping below 0.1 pips on their Raw Spread accounts.

Are there commissions on FXTM and IC Markets accounts?

Yes. Both FXTM ECN Zero and IC Markets Raw Spread accounts charge commissions, typically ranging from $3.5 to $4 per lot round trip.

Which broker is better for beginners?

FXTM is generally better for beginners due to its comprehensive educational resources and varied account types.

Is IC Markets regulated by trustworthy authorities?

Yes. IC Markets is regulated by several top-tier authorities, including ASIC in Australia and CySEC in Cyprus.

References

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