6 minute read
JustMarkets vs IC Markets: Which Broker Is Right for You?
from JustMarkets
by Exness_India
If you're caught between choosing JustMarkets and IC Markets, here's the answer right away: IC Markets is better for experienced traders looking for ultra-low spreads and institutional-grade execution, while JustMarkets is more suitable for beginners and casual traders who want simplified account options and higher leverage. Now, let’s dive deep into the reasons why.
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Regulation and Trustworthiness
IC Markets is regulated by top-tier authorities, including ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles). This gives it a strong level of credibility and global compliance. Traders from Europe and Australia are offered robust protections, including segregated client funds and compensation schemes.
JustMarkets, on the other hand, is regulated by the Financial Services Authority (FSA) of Seychelles. While it provides a secure trading environment, it lacks regulation from stricter Tier-1 authorities. For traders who prioritize legal backing and client fund safety under recognized regulators, IC Markets clearly has the upper hand.
Trading Conditions
IC Markets is renowned for its tight spreads and fast execution, thanks to its ECN pricing model. It offers average spreads of 0.1 pips on EUR/USD with a low commission of $3.5 per side, making it one of the cheapest brokers in the industry for scalping and high-frequency trading.
JustMarkets also offers tight spreads, especially on its Raw Spread account, with spreads starting from 0.0 pips. However, its commission structure varies by account type and is generally higher than IC Markets for equivalent trading volumes.
For day traders, scalpers, and algorithmic traders, IC Markets is the go-to platform because of its deep liquidity and institutional-grade spreads. But if you're trading casually or prioritizing flexibility over cost, JustMarkets is still a solid contender.
Account Types and Accessibility
JustMarkets keeps things simple with four main account types: Standard, Pro, Raw Spread, and Cent, all offering leverage up to 1:3000 depending on the jurisdiction. The Cent account is particularly beginner-friendly, allowing you to trade with extremely low capital and minimal risk.
IC Markets offers three account types: Standard, Raw Spread (cTrader), and Raw Spread (MetaTrader). Leverage is limited to 1:30 for EU/AU clients due to regulatory restrictions, but international clients can access leverage up to 1:500.
If you're new to trading and want more options tailored to smaller budgets, JustMarkets wins. But for serious traders with a focus on execution speed and precision, IC Markets is the better fit.
Trading Platforms
Both brokers offer MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader (only IC Markets). However, IC Markets offers more advanced infrastructure like VPS hosting, FIX API access, and low-latency data centers, which are especially beneficial for algo-traders.
JustMarkets has invested in a solid trading experience as well, but lacks cTrader and other advanced tools that IC Markets provides.
So if you’re relying on third-party EAs, scalping robots, or trading news with speed-sensitive strategies, IC Markets gives you a clear technological edge.
Deposit and Withdrawal Methods
JustMarkets supports a wider range of local payment methods, crypto wallets, and instant deposits via platforms like Skrill, Neteller, Perfect Money, and USDT (Tether). There are no fees on deposits and most withdrawals, and the process is often completed within hours.
IC Markets also supports major e-wallets and crypto deposits, but withdrawals—especially for international clients—can take 1–3 business days. Although both brokers are transparent about their fees, JustMarkets tends to be more flexible and faster with funding operations.
This makes JustMarkets more attractive for traders in Asia, Africa, and Latin America, where local transfer speed and availability are crucial.
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Customer Support
IC Markets offers 24/7 multilingual customer support through live chat, email, and phone, and their response time is consistently excellent. Their support is known for professionalism and in-depth technical understanding.
JustMarkets also provides 24/7 live chat and email support, with decent multilingual coverage. While the support team is friendly and fast, it may lack the technical depth that IC Markets provides, especially for advanced trading queries.
If you’re just starting out, JustMarkets’ support will be sufficient. But if you’re an institutional-level trader or use complex systems, IC Markets’ support is better equipped to help.
Educational Resources and Tools
JustMarkets offers a modest range of educational materials such as basic articles, beginner tutorials, and market news updates, which are ideal for new traders trying to understand the basics.
IC Markets goes much further, with a complete education hub including webinars, trading guides, video tutorials, and market analysis. The broker also provides autochartist integration, economic calendars, and advanced charting tools—making it more comprehensive for continuous learning and strategic planning.
So if education and research are important to you, IC Markets is the smarter choice.
Security and Data Protection
IC Markets uses Tier-1 banking institutions, SSL encryption, and segregated client accounts, ensuring high-level security compliance across regions.
JustMarkets also utilizes SSL encryption and segregated accounts, but without Tier-1 oversight, the level of enforcement is harder to verify.
While no major data breaches have been reported for either broker, IC Markets again holds a trust advantage due to regulatory standards and transparency.
Geographical Restrictions
JustMarkets accepts clients from a broader range of countries, especially Asia, Africa, and Middle East regions, where high leverage is still permissible. The flexibility it offers in account types and funding methods appeals to these markets.
IC Markets, while globally accessible, has more restrictions due to regulatory obligations—especially for users in Europe, UK, and Australia.
So if you're based in a region with tighter rules and still want high leverage or crypto deposits, JustMarkets might be your only option.
Which Broker Should You Choose?
If your goal is institutional-grade trading conditions, raw spreads, lightning-fast execution, and top-tier regulation, IC Markets is the right broker for you. It's ideal for:
Advanced traders and scalpers
Algorithmic traders using EAs or APIs
Traders in regions like Australia or the EU
Those who value regulated environments over high leverage
However, if you’re a beginner, budget-conscious, or live in a high-leverage-friendly country, JustMarkets offers a more accessible and flexible solution, particularly for:
New traders testing the waters
Small account holders using Cent accounts
Users wanting crypto funding and faster local withdrawals
Traders in Africa, Asia, and LATAM
Final Verdict
Both JustMarkets and IC Markets are strong players in the retail trading space—but they serve different types of traders.
IC Markets is better for professionals, offering top-tier trading infrastructure, lowest spreads, and tighter regulation.
JustMarkets is better for retail traders, offering simplicity, higher leverage, and broader accessibility.
Your choice depends on where you are in your trading journey. For career-focused trading and serious capital deployment, go with IC Markets. For entry-level, flexible, and accessible trading, JustMarkets fits the bill.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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