Quick Verdict — Belarus Traders
Best Overall
IC Markets
Higher overall score & more features
Best Spreads
Admirals
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Belarus Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
For Belarus retail traders in 2026, choosing between IC Markets (score 4.8/5) and Admirals (score 4.1/5) is a critical decision. Both brokers accept Belarus clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT. IC Markets excels with ultra-low spreads starting from 0.0 pips and lightning-fast execution, ideal for scalpers and day traders. Admirals offers a more educational approach with MetaTrader Supreme and comprehensive analysis tools. While neither is regulated by the local financial regulator, both hold top-tier licenses (ASIC, FCA, CySEC). This comparison focuses on Belarus-specific factors: deposit methods, spreads in USD, and regulatory implications. Whether you trade EUR/USD or USDRUB, understanding these differences helps you optimize costs and efficiency in the Belarus trading environment.
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Overall Scores Comparison

IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS

Admirals
FCA · ASIC · CySEC
3.1
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Admirals | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Admirals |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Admirals |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Admirals |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Admirals |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $1 | Admirals |
For Belarus traders, trading costs are crucial. IC Markets offers Raw Spread accounts with spreads from 0.0 pips and a $7 round-turn commission per lot. Admirals' Zero account starts at 0.5 pips with a $3.5 commission per side. On a standard 10-lot EUR/USD trade, IC Markets costs about $70, while Admirals totals around $105. This $35 difference per trade adds up for active Belarus traders. IC Markets also has no deposit or withdrawal fees, whereas Admirals charges 0.5% on Skrill and Neteller deposits. For high-volume traders, IC Markets clearly provides lower overall costs in USD.
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Account Types Comparison
| Account Type | IC Markets | Admirals |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $1 |
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Leverage Comparison - Belarus Traders
| Entity / Asset | IC Markets | Admirals |
|---|
| Belarus (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Belarus Traders
Traders in Belarus typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Admirals | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | Admirals |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Admirals | Winner |
|---|
| Execution model | ECN/STP | True ECN | Admirals |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets executes trades with an average speed of 40ms, ideal for scalping and high-frequency strategies. Admirals averages 100-150ms, which is still fast but not optimal for ultra-short-term trading. Both use No Dealing Desk (NDD) execution, but IC Markets' server proximity to global liquidity providers gives Belarus traders lower slippage, especially during volatile sessions like US or Asian opens.
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Regulation & Safety for Belarus Traders
| Safety Factor | IC Markets | Admirals |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. Neither broker is regulated by the local financial regulator in Belarus, which means traders must rely on international oversight. For Belarus clients, this implies no local deposit insurance but strong tier-1 protection. IC Markets offers negative balance protection, and
Admirals provides investor compensation schemes (up to €20,000 for
CySEC clients).
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Belarus traders may differ by entity.
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Deposits & Withdrawals for Belarus
| Payment Method | IC Markets | Admirals |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | e-wallets take instant to 1 business day, credit/debit cards take 1 business day, and bank transfers take 1 to 3 business days. |
Belarus traders can fund accounts using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets has a minimum deposit of $200 (or equivalent) and processes withdrawals within 1-3 business days. Admirals requires only $1 minimum and offers instant deposits via Skrill and Neteller. For USDT deposits, both accept Tether (ERC20/TRC20) with no additional fees. Bank transfers may take 2-5 days and incur intermediary bank charges (typically $10-20). IC Markets does not charge internal fees, while Admirals applies a 0.5% fee on e-wallet deposits. For frequent deposits, IC Markets is more cost-effective; for lower minimums, Admirals is better.
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Islamic Accounts - Swap-Free for Belarus Muslims
| Islamic Account Feature | IC Markets | Admirals |
|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Admirals offer Islamic (swap-free) accounts for Belarus Muslim traders. IC Markets provides them automatically on all account types with no extra fees, just a request via email. Admirals requires a formal application and may charge a small administration fee after 30 days. IC Markets' Islamic accounts are more flexible, allowing long-term positions without swap charges. Admirals limits swap-free status to 30 days for certain instruments. For Belarus traders seeking Sharia-compliant trading, IC Markets is the superior choice due to its straightforward policy and no hidden costs.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Admirals | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 multilingual support via live chat, email, and phone, with Russian language available for Belarus clients. Admirals provides 24/5 support with Russian-speaking agents but no weekend coverage. IC Markets' live chat response time is under 30 seconds, while Admirals averages 2-3 minutes. For Belarus traders needing quick assistance during local trading hours, IC Markets' round-the-clock support is advantageous.
| Mobile Feature | IC Markets | Admirals | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | IC Markets | Admirals | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Admirals
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Belarus Guide
Choose IC Markets if you...
- Want the lowest spreads (from 0.0 pips) for cost-effective trading in USD.
- Trade high volumes or scalp – IC Markets' 40ms execution suits active strategies.
- Prefer cTrader or MT4/5 with advanced features like VPS hosting.
- Need 24/7 customer support in Russian for quick issue resolution.
Choose Admirals if you...
- Are a beginner or value educational resources like MetaTrader Supreme and webinars.
- Want a lower minimum deposit ($100 vs $200) to start trading.
- Prefer a broker with a longer history (since 2001) and strong European regulation.
- Need Islamic accounts but don't mind a 30-day swap-free limit.
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FAQ - IC Markets vs Admirals in Belarus
Is IC Markets or Admirals better for Belarus?
+Can Belarus traders use both brokers legally?
+Which broker has lower spreads for Belarus traders?
+How do Belarus traders deposit at IC Markets and Admirals?
+Do both brokers offer Islamic accounts for Belarus?
+Final Verdict - Belarus 2026
IC Markets wins overall
For Belarus traders in 2026, IC Markets (3.6/5) is the clear winner over Admirals (3.1/5) due to lower spreads, faster execution, and better support for scalping. It accepts all local payment methods (Bank Transfer, Skrill, Neteller, USDT) without extra fees, making it cost-efficient for frequent deposits. While Admirals offers lower minimum deposits and excellent educational tools, its higher trading costs and slower execution disadvantage active traders. Both brokers are safe, but IC Markets' superior cost structure and flexibility for Islamic accounts give it the edge. For Belarus retail traders seeking maximum value and performance, IC Markets is the recommended choice.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.