IC Markets Vs Fxtm: Complete Comparison For Russia Traders (2026)

When comparing trading costs, IC Markets clearly outperforms FXTM for Russia traders. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $3.5 commission per lot round turn, while FXTM’s standard account has spreads from 1.0 pips with no commission. For a Russia trader trading 10 lots per month on EUR/USD, IC Markets costs approximately $35 in total, whereas FXTM costs around $100—a 65% saving. High-volume traders in Russia will find IC Markets significantly more cost-effective, especially when trading USD/RUB or other volatile pairs where spread costs add up.

Both brokers provide MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular platforms among Russia traders. IC Markets also offers cTrader for advanced charting and algorithmic trading, which is a plus for tech-savvy users. FXTM’s platform suite includes its proprietary FXTM Trader app, which is user-friendly for beginners on mobile. For Russia traders who rely on Expert Advisors (EAs) or require low latency, IC Markets’ cTrader and MT4/5 with VPS hosting options give it an edge. FXTM’s platforms are simpler but still reliable for manual trading.

IC Markets is known for its ultra-fast execution with an average speed of 40ms and no requotes, thanks to its Equinix NY4 data center. FXTM offers reliable execution but with occasional slippage during volatile markets. For Russia traders using scalping or high-frequency strategies, IC Markets’ execution quality is superior. FXTM is adequate for day trading but may not meet the needs of latency-sensitive traders.

Russia 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 USDT, with no fees, and withdrawals are typically processed within 24 hours. FXTM also supports these methods but may charge a small fee for Bank Transfer withdrawals (e.g., $30 for international wires). Minimum deposits are low: $50 for e-wallets at FXTM and $200 for bank transfers at IC Markets. USDT deposits are particularly popular among Russia traders for their speed and low cost. Both brokers support withdrawals back to the same payment method, ensuring convenience. Note that bank transfers can take 1-5 business days, while e-wallets and USDT are near-instant.

Both IC Markets and FXTM offer Islamic (swap-free) accounts for Russia’s Muslim traders. IC Markets provides swap-free accounts upon request, with no additional fees, but certain instruments may incur a swap fee after 30 days. FXTM offers Islamic accounts automatically for clients in eligible regions, with no swap charges on all instruments. For Russia traders who follow Sharia law, FXTM’s automatic provision is simpler, while IC Markets requires a request but offers more flexibility. Both brokers ensure compliance with Islamic finance principles by avoiding overnight interest.

IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with a dedicated Russian-speaking team available during Moscow trading hours. FXTM also provides 24/5 support with Russian language options, but response times can be slower during peak hours. For Russia traders, IC Markets’ round-the-clock support is a clear advantage, especially for those trading during global forex sessions. Both brokers have extensive FAQ sections on their websites.