Moomoo
IC Markets
Moomoo vs IC Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Moomoo and IC Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Moomoo, founded in 2018 and headquartered in Palo Alto, USA, is regulated by ASIC, MAS and offers spreads starting from N/A with a minimum deposit of $0. IC Markets, established in 2007 in Sydney, Australia, holds licenses from ASIC, CySEC, FSA with spreads from 0.0 pips and a $200 minimum deposit. In our hands-on testing across 8 scoring categories, IC Markets scored 8.8/10 overall compared to Moomoo's 7.7/10, making it the stronger pick for most traders. That said, Moomoo holds its own with superior education resources and more research tools, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
IC Markets scores 8.8/10 overall vs 7.7/10 for Moomoo — a 1.1-point difference.
- 💵
Moomoo requires just $0 to start, while IC Markets needs $200 — Moomoo is 200x more accessible.
- 📈
Moomoo offers 7,000+ instruments vs 2,200+ at IC Markets — a massive gap in market coverage.
- 🖥️
Moomoo runs on Moomoo App, while IC Markets uses MT4, MT5, cTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: IC Markets scores 9.5 vs 8.0 for Moomoo — a 1.5-point difference.
Our Verdict
Moomoo
Score: 7.7/10 · Wins 2 categories- You're a beginner who values learning resources
- You rely on in-depth research and analysis tools
- You prefer a low minimum deposit ($0)
IC Markets
Score: 8.8/10 · Wins 5 categories- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You want access to a wider range of instruments
IC Markets takes the lead with an overall score of 8.8/10 compared to 7.7/10, winning in 5 out of 8 scoring categories. IC Markets stands out for lower trading costs and stronger regulation, while Moomoo fights back with superior education resources and more research tools.
Detailed Verdict
After testing both brokers with real accounts, IC Markets comes out ahead with a 8.8/10 overall rating, winning 5 out of 8 categories. Its strongest area is Trading Costs where it scores 9.5/10. IC Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Moomoo is not without merit — it scores 7.7/10 overall and excels in Platforms & Tools (9.0/10), winning 2 categories. Traders who value superior education resources or more research tools may find Moomoo the better fit. For a complete breakdown, read our full IC Markets review and Moomoo review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
IC Markets wins by 1.5 points
IC Markets wins by 1.0 points
Moomoo wins by 1.0 points
IC Markets wins by 0.5 points
Moomoo wins by 1.0 points
IC Markets wins by 1.5 points
IC Markets wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.7/10 | 8.8/10 ✓ |
| Min Deposit Lower is better | $0 ✓ | $200 |
| Max Leverage | 1:5 | 1:500 |
| Spreads From | N/A | 0.0 pips |
| Platforms | Moomoo App | MT4, MT5, cTrader |
| Regulation | ASIC, MAS | ASIC, CySEC, FSA |
| Founded Older track record highlighted | 2018 | 2007 ✓ |
| Markets | 7,000+ ✓ | 2,200+ |
Fees & Costs
When it comes to trading costs, IC Markets has the edge with a score of 9.5/10 versus 8/10 for Moomoo. Moomoo offers spreads starting from N/A, while IC Markets starts from 0.0 pips. The minimum deposit at Moomoo is $0, compared to $200 at IC Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Moomoo scores 9/10 for platforms compared to 9/10 for IC Markets. Moomoo provides Moomoo App, while IC Markets offers MT4, MT5, cTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Moomoo is regulated by ASIC, MAS (Tier 1), while IC Markets holds licenses from ASIC, CySEC, FSA (Tier 1). Moomoo scores 8/10 and IC Markets scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Moomoo leads with 8/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Moomoo and IC Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Moomoo offers 24/5 Live Chat, Email, Phone and scores 7.5/10, while IC Markets provides 24/7 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Moomoo scores 7/10 for deposits and withdrawals, while IC Markets scores 8.5/10. Moomoo accepts Bank Transfer, and IC Markets supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller, UnionPay. Processing times, fees, and available currencies vary. Moomoo requires a minimum deposit of $0 versus $200 for IC Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Moomoo if you...
- You're a beginner who values learning resources
- You rely on in-depth research and analysis tools
- You prefer a low minimum deposit ($0)
Choose IC Markets if you...
- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You want access to a wider range of instruments
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Moomoo better than IC Markets?
IC Markets scores higher overall (8.8/10 vs 7.7/10), winning 5 of 8 categories. However, Moomoo is stronger in superior education resources and more research tools. The best choice depends on what matters most to your trading style.
Which has lower fees, Moomoo or IC Markets?
IC Markets scores higher for trading costs. Moomoo offers spreads from N/A with a $0 minimum deposit, while IC Markets starts from 0.0 pips with $200 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Moomoo safe to trade with?
Moomoo is regulated by ASIC, MAS and scores 8/10 for regulation. IC Markets is regulated by ASIC, CySEC, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Moomoo or IC Markets?
Moomoo scores 9/10 for platforms. Moomoo offers Moomoo App, while IC Markets provides MT4, MT5, cTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Moomoo vs IC Markets?
Moomoo requires a minimum deposit of $0, while IC Markets requires $200. Moomoo has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.