IC Markets vs FXTM: Which Broker Wins for Greece Traders in 2026?

IC Markets offers the lowest trading costs for Greek traders, with spreads from 0.0 pips on its Raw Spread account plus a $3.5 commission per lot per side. This is ideal for high-volume scalpers and day traders in Greece. FXTM's standard account has spreads from 1.3 pips with no commission, costing a Greek trader trading 10 standard lots per month approximately $260 more than IC Markets. For Greek traders using the True ECN account at FXTM, spreads start at 0.1 pips but with a higher commission of $4 per lot. Overall, IC Markets provides a clear cost advantage, especially for active traders in Greece.

Both brokers offer MetaTrader 4 and MetaTrader 5, the most popular platforms among Greek traders for their advanced charting and automated trading capabilities. IC Markets also provides cTrader, which is favored by Greek scalpers for its superior order execution and depth of market. FXTM offers its proprietary FXTM Trader app, which is user-friendly for Greek beginners on mobile. IC Markets' platforms are more customizable, while FXTM's platforms include integrated educational content. For Greek traders using Expert Advisors, both brokers support EAs, but IC Markets has a slight edge with faster VPS hosting options.

IC Markets is known for its ultra-fast execution with minimal slippage, thanks to its Equinix NY4 data center and direct market access. This is crucial for Greek scalpers and high-frequency traders. FXTM also provides reliable execution but with slightly higher latency due to its multi-asset execution model. IC Markets reports average execution speeds of under 40 milliseconds, while FXTM averages around 60 milliseconds. For Greek traders using Expert Advisors, IC Markets' execution quality reduces requotes and slippage.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), while FXTM is regulated by CySEC, the Financial Conduct Authority (FCA), and the Financial Services Commission (FSC). For Greek traders, both brokers operate under CySEC, which complies with the local financial regulator's standards, offering negative balance protection and investor compensation funds up to €20,000. This means Greek clients have a safety net in case of broker insolvency. FXTM's additional FCA regulation provides extra credibility, but IC Markets' ASIC oversight is equally robust. Overall, both are secure for Greek traders.

Greek traders can fund their accounts at IC Markets and FXTM using Bank Transfer, Skrill, Neteller, and USDT. IC Markets processes e-wallet and USDT deposits instantly with no fees, while bank transfers take 1-3 business days and may incur intermediary bank charges. FXTM also supports these methods with similar processing times, but Skrill and Neteller deposits are fee-free. Withdrawals at both brokers are processed within 24 hours for e-wallets and USDT, with bank transfers taking 1-5 business days. FXTM charges a small fee for withdrawals via bank transfer (€3), while IC Markets does not. USDT deposits are particularly popular among Greek traders for their speed and low cost. Both brokers require account verification before withdrawals, which is straightforward for Greek residents with local ID.

Both IC Markets and FXTM offer Islamic (swap-free) accounts for Greek Muslim traders who require Sharia-compliant trading. IC Markets provides these accounts on request with no additional fees, and swaps are not charged on overnight positions. FXTM also offers Islamic accounts but requires a minimum deposit of $200 and may charge a small administrative fee after a holding period of 10 days. Greek traders should note that Islamic accounts are not available for all account types at FXTM, while IC Markets allows them on all standard and raw spread accounts. This makes IC Markets more flexible for Greek Muslim traders.

IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team that assists Greek traders in English and Greek. FXTM also provides 24/5 support with Greek-language assistance during European trading hours. IC Markets' support is more responsive, with average response times under 30 seconds for live chat, while FXTM's email support may take up to 4 hours. Both brokers have extensive FAQ sections and educational resources in Greek.