Quick Verdict — Ukraine Traders
Best Overall
FXTM
Higher overall score & more features
Best Spreads
FXTM
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Ukraine Muslims
Best for Beginners
FXTM
Better education & support
1:5000 vs 1:5000
Max leverage
Head-to-head comparison
Ukraine traders looking for a reliable forex broker in 2026 often compare IC Markets and FXTM. IC Markets, rated 4.8/5, is known for its ultra-low spreads (from 0.0 pips) and fast execution, ideal for active traders. FXTM, with a 4.3/5 rating, offers a more beginner-friendly experience with extensive educational materials and a wide range of account types. Both brokers accept Ukraine clients and support local payment methods including Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals convenient. The local financial regulator oversees forex activity, but these brokers operate under international licenses. This comparison helps Ukraine retail traders choose based on their trading style, experience, and specific needs.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
VS
FXTM
FCA · CySEC · FSCA
3.7
CompareBroker score
Winner
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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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 | $50 | IC Markets |
For Ukraine traders, trading costs are a key factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 commission per lot, making it highly cost-effective for scalpers and high-volume traders. 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 $5 commission. Over 100 lots, IC Markets saves approximately $200-$300 compared to FXTM. Ukraine traders should consider their trading volume to choose the most cost-efficient option.
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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 | $50 |
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Leverage Comparison - Ukraine Traders
| Entity / Asset | IC Markets | FXTM |
|---|
| Ukraine (offshore) | Up to 1:5000 | Up to 1:5000 |
| Forex major pairs | 1:5000 | 1:5000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Ukraine Traders
Traders in Ukraine typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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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 |
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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 offers faster execution with an average speed of 40ms, thanks to its Equinix NY4 data center and low-latency infrastructure. FXTM's execution speed is around 100ms, which is still competitive but slower. For Ukraine traders using scalping or high-frequency strategies, IC Markets' superior execution quality reduces slippage and improves trade outcomes.
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Regulation & Safety for Ukraine Traders
| Safety Factor | IC Markets | FXTM |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. For Ukraine traders, neither broker is directly regulated by the local financial regulator, but both adhere to international standards. This provides a level of client protection, though Ukraine traders should be aware that deposit insurance may not apply.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Ukraine traders may differ by entity.
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Deposits & Withdrawals for Ukraine
| 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. |
Ukraine traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FXTM. IC Markets also accepts credit/debit cards and PayPal, while FXTM supports local bank transfers and additional e-wallets. Minimum deposits are $50 for IC Markets and $100 for FXTM. Deposits are typically instant with e-wallets and USDT, while bank transfers take 1-3 business days. Withdrawals are processed within 24 hours at IC Markets and 1-3 days at FXTM. Both brokers charge no deposit fees, but withdrawal fees may apply for certain methods. USDT deposits are particularly popular among Ukraine traders for their speed and low cost.
☪️
Islamic Accounts - Swap-Free for Ukraine 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 Ukraine Muslim traders who wish to trade without earning or paying interest. IC Markets provides swap-free accounts on all account types, including Raw Spread and Standard, with no additional fees. FXTM offers Islamic accounts on its Standard and ECN accounts, but a small administrative fee may apply after a certain holding period. These accounts comply with Sharia law, making them suitable for Ukraine's Muslim community.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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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 provides 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team for Ukraine traders. FXTM offers 24/5 support in multiple languages, including Russian and Ukrainian, through live chat, email, and callback service. Both brokers have extensive FAQ sections, but IC Markets' 24/7 availability gives it an edge for traders operating in different time zones.
| 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 |
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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 |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
FXTM
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Ukraine Guide
Choose IC Markets if you...
- Trade high volume and need ultra-low spreads from 0.0 pips
- Prefer fast execution for scalping or algorithmic trading
- Use advanced platforms like cTrader alongside MT4/MT5
- Want 24/7 customer support and instant USDT deposits
Choose FXTM if you...
- Are a beginner looking for educational resources and demo accounts
- Prefer a lower minimum deposit of $50
- Want access to proprietary platforms like FXTM Trader
- Need support in Ukrainian or Russian language
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FAQ - IC Markets vs FXTM in Ukraine
Is IC Markets or FXTM better for Ukraine?
+Can Ukraine traders use both brokers legally?
+Which broker has lower spreads for Ukraine traders?
+How do Ukraine traders deposit at IC Markets and FXTM?
+Do both brokers offer Islamic accounts for Ukraine?
+Final Verdict - Ukraine 2026
FXTM wins overall
For Ukraine traders in 2026, IC Markets is the superior choice for active and experienced traders due to its lower spreads, faster execution, and advanced platform options. FXTM is better suited for beginners or those who value educational support and a lower entry barrier. Both brokers accept local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and are compliant with international regulations, though not directly overseen by the local financial regulator. Your choice should align with your trading style, volume, and need for local language support. Overall, IC Markets scores higher (3.6/5) and offers more value for serious Ukraine traders.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
