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Head to head

IC Markets vs Opofinance

IC Markets is licensed by ASIC in Australia, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. Opofinance holds only an offshore registration (International). The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at IC Markets and $100 at Opofinance. Neither offers negative balance protection. Both offer segregated client money.

Facts last checked: IC Markets on 20 October 2026, Opofinance on 20 October 2026.

IC Markets profileOpofinance profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
IC MarketsStrictly regulatedRead the profile
OpofinanceOffshore registration onlyRead the profile
Comparing
IC MarketsRaw Spread (MetaTrader) account · Australia
OpofinanceInternational

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Sydney, Australia
Kingstown, St Vincent and the Grenadines (group companies in Seychelles, Australia and South Africa)
Official websites
  • icmarkets.com
  • icmarkets.sc
  • icmarkets.eu
  • icmarkets.com.au
  • icmarkets.bs
  • ic.com
  • opofinance.com
  • opoforex.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
International Capital Markets Pty Ltd
Opo Group Ltd
Regulator
ASIC
Australia
FSA Seychelles
International
Regulation level
Strictly regulated
Offshore registration only
Licence number
AFSL 335692
Check the register
SD124 (Securities Dealer)
Check the register
Clients this company serves
Australian residents
Opofinance says clients onboarded under this company use cTrader and TradingView accounts
All licences held
  • ASIC (Australia)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
  • FSA Seychelles (International)
Segregated client money
Yes
Yes
Negative balance protection
No
No
Compensation scheme
ICF up to €20,000 (IC Markets EU only); none for the Seychelles or Bahamas companies
Membership of The Financial Commission (Opo Group LLC), a private dispute body with cover of up to €20,000 per case; no government scheme

Costs

Your monthly cost
$80$8 per lot × 10 lots
No accounts listed
Cost per lot (EUR/USD)
$8
No accounts listed
Spread from
0.0 pips
No accounts listed
Typical EUR/USD spread
0.1 pips
No accounts listed
Commission per lot (round turn)
$7
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
1:30 (EU, Australia); up to 1:5000 at the Seychelles company
Up to 1:2000
Retail leverage by asset class
  • Major currency pairs (EU and Australian retail): 1:30
  • All account types (Seychelles company): Up to 1:5000
Not yet checked
Margin call level
Not yet checked
80%
Stop-out level
50%
20%

Account

Minimum deposit (this account)
$0
No accounts listed
Base currencies
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD, HKD
No accounts listed
Execution
Raw spread plus $3.50 per lot per side
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Web platform
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • OpoTrade
Markets
Forex, commodities, indices, metals, bonds, share CFDs and crypto CFDs (2,250 instruments on MetaTrader)
About 1,150 CFDs on forex, metals, commodities, indices, shares and cryptocurrencies
Demo account
Yes
Not yet checked
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Credit card
  • Debit card
  • PayPal
  • Neteller
  • Skrill
  • Bank transfer
  • Cryptocurrency
  • UnionPay
  • Broker to broker transfer
  • Visa and Mastercard
  • USDT (TRC20)
  • Other cryptocurrencies
  • Volet
  • Top Change
Withdrawal fee
Not yet checked
$3–6 for crypto, 2% (minimum $1) for Volet; card deposits cost 2.5% (minimum $1)
Inactivity fee
Not yet checked
Not yet checked

Support

Customer support
24 hours a day, Monday to Sunday
24/7 AI support agent and support@opofinance.com

Our notes

Strengths
  • Australian and EU companies licensed by strict regulators (ASIC and CySEC)
  • Published average EUR/USD spread of 0.1 pips on the Raw Spread account, with commission set out per currency
  • Client money held in segregated accounts, according to each IC company
  • Wide platform choice, including cTrader and TradingView
  • Sister company Opo Group Ltd is listed by the FSA Seychelles as a securities dealer
  • The client agreement says client money is held in segregated accounts
  • Five platforms, including MT4, MT5, cTrader and TradingView
Watch out for
  • International clients join Raw Trading Ltd, regulated only in Seychelles (offshore), where leverage goes up to 1:5000
  • The Seychelles company's risk warning says losses may exceed the amount you deposit
  • The Standard account's typical spread is not published (it quotes "from 0.8 pips")
  • Brand changing from IC Markets to IC, with several regional domains; check you are on one listed here
  • The published client agreement is with Opo Group LLC in St Vincent, which is a company registration, not a securities licence
  • The ASIC licence only allows general advice; it does not license the trading accounts
  • Says OPO Finance (Pty) Ltd is authorised by the FSCA (licence 54594); we could not confirm it on the FSCA register on 2026-10-20 (the register could not be reached).
  • Its risk warning says you can lose more than your deposit, and we found no negative balance protection; leverage goes up to 1:2000

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • IC Markets: Risk Warning: Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our Risk Disclosure.
  • Opofinance: Trading involves a high level of risk and may not be suitable for all traders or investors. You should carefully consider your trading goals or objectives, financial situations, level of experience and needs before entering into margin trading with Opofinance. There is a risk of losing substantially more than the investor’s initial investment. Hence, we advise you to only trade the products if you fully understand the risks involved, and can afford them.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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