Head-to-Head Comparison
Eightcap Challenges vs IC Markets
Complete side-by-side comparison based on verified data from official sources. See which broker offers better trading conditions for your needs.
Eightcap Challenges
Regulated
Est. 2009
VS
Score
1:3
IC Markets
FSA
Est. 2007
Quick Summary
Eightcap Challenges (established 2009) and IC Markets (established 2007) are both regulated forex and CFD brokers. Both brokers offer competitive spreads. Both brokers offer similar maximum leverage of 100:1. Eightcap Challenges has a lower minimum deposit requirement of $5.
Trading Conditions
Feature
Eightcap Challenges
IC Markets
Min. Spread
0 pips
0 pips
Min. Deposit
$5
$200
Max Leverage
100:1
500:1
Execution
Simulated (RAW)
ECN/Direct Market Access
Instruments
2250+
Founded
2009
2007
Headquarters
Australia
Australia
Regulation & Licensing
Eightcap Challenges
Regulator
Seychelles
IC Markets
FSA(SD018)
Seychelles
SCB(SIA-F201)
Bahamas
ASIC(335692)
Australia
Platforms & Features
Feature
Eightcap Challenges
IC Markets
Platforms
MetaTrader 4, MetaTrader 5, TradeLocker
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Copy Trading
VPS Hosting
Neg. Balance Protection
Islamic Account
Demo Account
Server Infrastructure
Metric
Eightcap Challenges
IC Markets
Total Servers
5
Total Endpoints
40
Countries
8
Hosting Providers
Amazon/AWS, Liquidity Connect LLC, Vultr
Account Types
Eightcap Challenges
One Phase Challenge
Spread: 0 pipsMin: $69Lev: 100:1Comm: $5/lot
Two Phase Challenge
Spread: 0 pipsMin: $59Lev: 100:1Comm: $5/lot
Day Trader Challenge
Spread: 0 pipsMin: $5Lev: 100:1Comm: $5/lot
IC Markets
Raw Spread (MT4/MT5)
Spread: 0 pipsMin: $200Lev: 500:1Comm: $3.5/lot side
Raw Spread (cTrader)
Spread: 0 pipsMin: $200Lev: 500:1Comm: $3/100k USD
Standard
Spread: 0.6 pipsMin: $200Lev: 500:1
Verdict: Eightcap Challenges vs IC Markets
Based on our verified data analysis, IC Markets has a slight edge in this comparison with a score of 3 vs 1.
Choose Eightcap Challenges for a lower entry barrier.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.