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Deriv vs IC Markets: licences, costs and platforms
Facts from both companies’ official pages and regulators’ registers, side by side. We show what the numbers say; the choice is yours.
Facts verified on October 7, 2026
Key differences
- Only Deriv is licensed by BVI FSC, VFSC, FSC, CIMA, and Labuan FSA.
- Only IC Markets is licensed by FSA, CySEC, and CMA (Kenya).
- Only IC Markets offers MetaTrader 4, cTrader, and TradingView.
- Only Deriv supports M-Pesa, Mobile Money (MTN MoMo, Orange Money), USDT (TRC-20), SPEI, Yape, PIX, Ozow, Capitec Pay, Khipu, and DeUNA for deposits and withdrawals.
- Only IC Markets supports PayPal for deposits and withdrawals.
Side by side
| Criterion | Deriv | IC Markets |
|---|---|---|
| Our score | Not rated yet | Not rated yet |
| Rating on other platforms | 4.5/5 (10.7K) | 4.4/5 (9,253) |
| Regulators | BVI FSC, VFSC, FSC, CIMA, Labuan FSA | FSA, CySEC, CMA (Kenya) |
| Minimum deposit | No minimum | No minimum |
| Account types | Deriv MT5 Standard, Deriv MT5 Swap-Free, Deriv MT5 Zero Spread | Raw Spread, cTrader Raw Spread, Standard |
| Commission per lot (raw spread account) | — | $7 |
| Platforms | MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Maximum leverage | — | up to 1:5000 (FSA) |
| Swap-free (Islamic) account | Yes | On request |
| Deposit and withdrawal methods | Visa / Mastercard, M-Pesa, Mobile Money (MTN MoMo, Orange Money), Skrill, Neteller, USDT (TRC-20), SPEI, Yape, PIX, Bank transfer, Ozow, Capitec Pay, Khipu, DeUNA | Visa / Mastercard, PayPal, Neteller, Skrill, Bank transfer |
| Retail CFD accounts losing money | — | 73.46% |
| Not available in | — | 5 countries |
| Founded | 1999 | — |
| Headquarters | — | — |
| Read review | Read review |
Frequently asked questions
Which regulators license Deriv and IC Markets?
Deriv is licensed by BVI FSC, VFSC, FSC, CIMA, and Labuan FSA; IC Markets by FSA, CySEC, and CMA (Kenya).
What is the minimum deposit at Deriv and IC Markets?
Deriv: No minimum. IC Markets: No minimum.
Which trading platforms do Deriv and IC Markets offer?
Both offer MetaTrader 5. Only IC Markets offers MetaTrader 4, cTrader, and TradingView.
Which payment methods do Deriv and IC Markets support?
Both support Visa / Mastercard, Skrill, Neteller, and Bank transfer for deposits and withdrawals. Only Deriv supports M-Pesa, Mobile Money (MTN MoMo, Orange Money), USDT (TRC-20), SPEI, Yape, PIX, Ozow, Capitec Pay, Khipu, and DeUNA for deposits and withdrawals. Only IC Markets supports PayPal for deposits and withdrawals.
How are Deriv and IC Markets rated on other platforms?
Deriv: 4.5/5 (10.7K); IC Markets: 4.4/5 (9,253). These are ratings by app store and TradingView users, not a Wealth.cat score.
Full reviews
- Deriv Not rated yet
- IC Markets Not rated yet