IC Markets vs FXTM 2026: A Complete Comparison for Belgium Traders

For Belgium traders, trading costs are a critical factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a commission of $3.50 per lot per side, while FXTM's Standard account spreads start from 1.0 pips with no commission. For high-volume traders, IC Markets is more cost-effective, especially when trading EUR/USD or other major pairs. FXTM's Zero account has spreads from 0.0 pips but charges a commission. Overall, IC Markets provides lower total costs for active Belgium traders, while FXTM may suit those who prefer no-commission trading with slightly wider spreads.

Both brokers offer MetaTrader 4 and MetaTrader 5, the industry-standard platforms favored by Belgium traders for their advanced charting and automated trading capabilities. IC Markets also provides cTrader, a platform known for its deep liquidity and fast execution, ideal for scalpers. FXTM offers its proprietary FXTM Trader app, which is user-friendly for mobile traders. For Belgium traders who prioritize speed and customization, IC Markets has an edge, while FXTM’s platforms are more beginner-focused.

IC Markets is known for its ultra-fast execution speeds of around 40ms, thanks to its Equinix NY4 data center and no-dealing-desk model. FXTM also offers fast execution but may have slightly higher latency. For Belgium traders who scalp or trade news events, IC Markets provides superior execution quality, while FXTM is adequate for most retail strategies.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FXTM is regulated by CySEC, the Financial Conduct Authority (FCA) in the UK, and the Financial Sector Conduct Authority (FSCA) in South Africa. Neither broker is regulated by the Belgian Financial Services and Markets Authority (FSMA). Belgium traders should note that while both brokers offer client fund segregation and negative balance protection, they must comply with Belgian tax laws and report any trading income.

Belgium traders can fund their accounts at both IC Markets and FXTM using Bank Transfer, Skrill, Neteller, and USDT. IC Markets has a minimum deposit of $200 for all methods, while FXTM requires only $10 for the Standard account (except USDT, which may have higher minimums). Deposits via Skrill, Neteller, and USDT are instant, while bank transfers take 1-3 business days. Withdrawals are processed within 24 hours for e-wallets and USDT at both brokers, with no fees from the broker (bank charges may apply for wire transfers). This flexibility makes both brokers accessible to Belgium traders.

Both IC Markets and FXTM offer Islamic (swap-free) accounts for Belgium Muslim traders. These accounts comply with Sharia law by eliminating interest charges on overnight positions. IC Markets provides swap-free accounts on all account types, while FXTM offers them on Standard and Shares accounts. Traders must request these accounts through customer support and may be subject to a fee after a holding period (e.g., 10 days for FXTM). This makes both brokers suitable for Muslim traders in Belgium.

IC Markets offers 24/7 customer support via live chat, email, and phone, with multilingual agents including English and Dutch. FXTM also provides 24/5 support with live chat, email, and phone, and offers support in multiple languages including French and Dutch. For Belgium traders, FXTM’s support in local languages is a slight advantage, but IC Markets’ 24/7 availability is better for active traders.