IC Markets vs FXTM 2026: Which Broker is Better for Finland Traders?

For Finland traders, trading costs are a critical factor. IC Markets offers a Raw Spread account with spreads from 0.0 pips on major pairs like EUR/USD, plus a $7 round-turn commission per lot. FXTM's Standard account has spreads from 1.3 pips with no commission, while its ECN account has spreads from 0.1 pips with a similar commission structure. Over a month of active trading (e.g., 100 lots), IC Markets can save Finland traders hundreds of dollars. The cost difference is most pronounced for high-volume traders. Both brokers offer competitive pricing, but IC Markets consistently edges out FXTM in spread tightness, especially during major news events.

Both IC Markets and FXTM provide Finland traders with industry-standard platforms. IC Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all with advanced charting and automated trading capabilities. FXTM also provides MT4 and MT5, plus its proprietary FXTM Trader app for mobile users. For Finland traders who value algorithmic trading or scalping, IC Markets' cTrader is a standout with its depth of market and fast execution. FXTM's platforms are more intuitive for beginners. Both brokers support VPS hosting for expert advisors, which is useful for Finland traders running automated strategies.

IC Markets is renowned for its ultra-fast execution, with average speeds below 40 milliseconds on its Raw Spread account, thanks to multiple liquidity providers and low-latency servers. FXTM offers good execution with speeds around 100 milliseconds, but it may experience slippage during volatile markets. For Finland traders who scalp or use expert advisors, IC Markets' execution quality is superior. Both brokers offer no dealing desk (NDD) execution, but IC Markets' infrastructure is more robust for high-frequency trading.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) of South Africa. FXTM is regulated by CySEC, the Financial Conduct Authority (FCA) in the UK, and the FSCA. While neither broker is regulated by the local financial regulator (Finanssivalvonta) in Finland, both adhere to strict European MiFID II standards through their CySEC licenses. This provides Finland traders with client fund segregation and negative balance protection. However, Finland traders should note that local investor compensation schemes may not apply, so choosing a broker with strong regulatory oversight is essential.

Finland traders can fund their accounts at both IC Markets and FXTM using Bank Transfer, Skrill, Neteller, and USDT. All deposits are processed in USD. Bank transfers are free but may take 1-3 business days, while Skrill, Neteller, and USDT are instant and often fee-free. IC Markets requires a minimum deposit of $200, while FXTM starts from $10 for Standard accounts. Withdrawals are processed quickly: IC Markets aims for same-day processing, while FXTM typically takes 1-2 business days. Both brokers do not charge internal fees for withdrawals, but Finland traders should check for any bank intermediary charges. USDT deposits are particularly useful for traders who prefer cryptocurrency-based funding.

For Finland Muslim traders seeking Sharia-compliant accounts, both IC Markets and FXTM offer Islamic (swap-free) accounts. IC Markets provides these accounts upon request, with no swap charges on overnight positions, but they may have additional conditions like limited trading periods. FXTM offers Islamic accounts automatically for eligible clients, with no swap fees and a transparent policy. Neither broker charges extra fees for these accounts. Finland traders should confirm the availability of Islamic accounts with customer support before opening, as terms can vary. Both brokers ensure that swap-free accounts comply with Islamic finance principles.

IC Markets offers 24/7 customer support via live chat, email, and phone, with multilingual assistance including English and Finnish. FXTM also provides 24/5 support with live chat, email, and phone, and has a dedicated Finnish language support team. Response times are fast for both, typically under 30 seconds for live chat. IC Markets edges ahead with 24/7 availability, which is beneficial for Finland traders trading during off-hours. FXTM's support is more personalized for beginners.