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Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
In the fast-paced world of forex trading, choosing the right broker is crucial. IC Markets and Infinox are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms, helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between IC Markets and Infinox across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated IC Markets and Infinox, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. The more top-tier authorities regulating a broker, the higher its trust rating.
In our comparison:
Based on these findings, IC Markets earned a higher trust rating than Infinox.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that IC Markets and Infinox have the same trading costs.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both IC Markets and Infinox offer copy trading.
A broader range of CFD instruments provides more trading opportunities. IC Markets offers a greater variety of instruments compared to Infinox:
For those interested in trading cryptocurrencies, Infinox offers 43 cryptocurrencies, while IC Markets offers 18 cryptocurrencies. Therefore, Infinox is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that both IC Markets and Infinox charges a withdrawal fee. Overall, IC Markets has better deposit and withdrawal processes than Infinox.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
IC Markets has better educational support than Infinox. Both IC Markets and Infinox offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that IC Markets offers better research analysis than Infinox and that both IC Markets and Infinox offer frequent webinars.
Founded in 2007 in Australia, IC Markets is a globally trusted broker known for its institutional-grade trading conditions, ultra-low spreads, and wide platform support. The company is regulated by several major international authorities, including ASIC, CySEC, and the FSA of Seychelles. While IC Markets is not regulated by the Securities and Exchange Board of India (SEBI), Indian traders can legally open accounts through its offshore entities, provided they comply with the Foreign Exchange Management Act (FEMA).
IC Markets offers one of the most competitive trading environments in the industry. Its Raw Spread Account features average spreads of just 0.10 pips on the EUR/USD and a round-turn commission of 6 USD per lot. It is also one of the few brokers to support all four major trading platforms—MetaTrader 4, MetaTrader 5, cTrader, and TradingView—making it a versatile choice for Indian traders across all experience levels.
Clients in India benefit from IC Markets’ extensive range of professional trading tools, including VPS hosting, Trading Central analytics, advanced charting packages, and third-party copy trading services such as Myfxbook AutoTrade and ZuluTrade. The broker also provides 24/7 customer support and an intuitive account setup process. While IC Markets excels in educational content for beginners, its market analysis tools are more limited than some of its competitors.
With two low-cost accounts, a good range of Forex pairs, excellent market analysis materials, and good trading tools, INFINOX is a decent all-around broker.
INFINOX offers traders the choice of a commission-free STP account or a commission-based ECN account, both with a minimum deposit of 1 GBP (or currency equivalent). Trading costs range between9 - 9.5 USD per lot traded, much lower than average for the industry. Trading is available on both the MT4 and MT5 platforms, and INFINOX also offers a great social trading app, especially good for beginners starting their trading careers.
However, we were unhappy with the lack of transparency regarding deposits and withdrawals and were also disappointed by non-responsive customer support and INFINOX’s weak FAQ section.
For more detailed reviews, please read our comprehensive assessments of IC Markets and Infinox.
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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
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