IC Markets vs FXTM for Belarus Traders: Which One is Better?
Which broker is better for Belarus traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Belarus Traders
Belarus traders looking for a reliable forex broker in 2026 have two strong options: IC Markets (rated 4.8/5) and FXTM (rated 4.3/5). Both brokers accept Belarus residents and support popular local payment methods like Bank Transfer, Skrill, Neteller, and USDT. IC Markets is known for ultra-low spreads and institutional-grade execution, making it a top choice for active traders. FXTM, on the other hand, offers a user-friendly platform with extensive educational resources, ideal for beginners. While neither broker is directly regulated by the National Bank of Belarus, they are overseen by respected international regulators. This comparison helps you decide which broker suits your trading style, budget, and local needs in Belarus.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | IC Markets | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $200 | Tie |
For Belarus traders, trading costs are a key factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a commission of $7 per lot round turn. FXTM's standard account has spreads from 1.0 pips with no commission, while its ECN account offers spreads from 0.1 pips with a commission of $4 per lot. Over 100 trades per month, IC Markets is significantly cheaper—saving around $300 compared to FXTM's standard account. If you trade in high volume, IC Markets is the more cost-effective choice.
Account Types Comparison
| Account Type | IC Markets | FXTM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✓ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✓ |
| Min deposit | $200 | $200 |
Leverage Comparison - Belarus Traders
| Entity / Asset | IC Markets | FXTM |
|---|---|---|
| Belarus (offshore) | Up to 1:5000 | Up to 1:3000 |
| Forex major pairs | 1:5000 | 1:3000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | IC Markets | FXTM | 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+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | IC Markets | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers provide the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are well-suited for Belarus traders. IC Markets also offers cTrader, a platform known for advanced charting and fast execution. FXTM includes its proprietary FXTM Trader app for mobile trading. For Belarus traders who prioritize speed and customization, IC Markets' cTrader is a strong advantage. Beginners may prefer FXTM's simpler interface and built-in educational tools.
Execution Quality - Speed & Slippage
| Factor | IC Markets | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| 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 uses Equinix NY4 servers for ultra-fast execution, with average speeds below 40ms. This is ideal for scalpers and high-frequency traders in Belarus. FXTM offers good execution but with slightly higher latency. IC Markets also has no dealing desk intervention, while FXTM uses a hybrid model. For traders who prioritize speed and transparency, IC Markets is the better choice.
Regulation & Safety for Belarus Traders
| Safety Factor | IC Markets | FXTM |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by ASIC (Australia), CySEC (Cyprus), and the FSA (Seychelles). FXTM is regulated by the FCA (UK), CySEC, and the FSC (Mauritius). Neither broker has direct oversight from the National Bank of Belarus, but they comply with stringent international standards. For Belarus traders, this means your funds are protected by negative balance protection and client money segregation. Always check the latest regulatory status before opening an account.
Deposits & Withdrawals for Belarus
| Payment Method | IC Markets | FXTM |
|---|---|---|
| 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 | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. |
Belarus traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FXTM. IC Markets processes deposits instantly via e-wallets and crypto, with no fees. Withdrawals are free and processed within 24 hours for e-wallets. FXTM also supports these methods plus WebMoney, and withdrawals are typically processed within 1 business day. For bank transfers, expect 1-3 business days. USDT deposits are particularly fast and low-cost, making them ideal for Belarus traders seeking convenience.
Islamic Accounts - Swap-Free for Belarus Muslims
| Islamic Account Feature | IC Markets | FXTM |
|---|---|---|
| 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 FXTM offer Islamic (swap-free) accounts for Muslim traders in Belarus. These accounts do not charge or pay swap fees on overnight positions, in compliance with Sharia law. IC Markets requires no minimum deposit for Islamic accounts, while FXTM requires a minimum of $50. Approval is straightforward—simply contact customer support and provide a declaration of faith. This feature is especially beneficial for long-term traders in Belarus who want to avoid interest.
Customer Support Comparison
| Support Feature | IC Markets | FXTM | 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 customer support via live chat, email, and phone. FXTM also provides 24/5 support with live chat, email, and phone in multiple languages, including Russian. For Belarus traders, FXTM's Russian-language support is a clear advantage. IC Markets' support is efficient but primarily in English. Both brokers have comprehensive FAQ sections on their websites.
Mobile App Comparison
| Mobile Feature | IC Markets | FXTM | 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 |
Education & Research Tools
| Resource | IC Markets | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
IC Markets
FXTM
Who Should Use Which Broker? - Belarus Guide
Choose IC Markets if you...
- Are an active trader who scalps or trades high volume
- Want the lowest possible spreads and commissions
- Prefer cTrader or advanced platform features
- Need fast execution with no requotes
Choose FXTM if you...
- Are a beginner looking for educational resources
- Prefer Russian-language customer support
- Want a broker with a strong global reputation
- Need a wider range of deposit methods including WebMoney
FAQ - IC Markets vs FXTM in Belarus
Final Verdict - Belarus 2026
For Belarus traders in 2026, IC Markets is the better choice for active, cost-conscious traders who prioritize low spreads and fast execution. Its support for Bank Transfer, Skrill, Neteller, and USDT makes local deposits easy. FXTM is ideal for beginners or those who value local language support and educational tools. Both brokers are reliable and accept Belarus residents, but your final decision should be based on your trading style. If you trade frequently, IC Markets will save you money. If you are just starting, FXTM offers a gentler learning curve. Always consider your personal risk tolerance and regulatory awareness.