IC Markets vs Vantage: fees, cashback and which to choose

IC Markets is one of the world's largest forex and CFD brokers; Vantage is a regulated multi-asset broker with a strong LATAM presence. We compare them on fees, available cashback and which trader profile each suits — plus how to recover part of your fees on both.

Quick comparison

Fees

IC Markets. Very tight ECN spreads (from 0.0 pips) plus per-lot commission; among the lowest total cost in forex.

Vantage. ECN-style spreads from 0.0 pips plus commission on Raw accounts; forex, indices, commodities and CFDs.

Available cashback

IC Markets offers more cashback (28%) than Vantage (27%), so you recover a larger share of every fee you pay. The gap matters most if you trade with volume.

Work out how much you'd recover for your volume with the cashback calculator.

Pros and cons

IC Markets

Pros

• Among the lowest ECN spreads
• Fast, deep execution
• Regulated across jurisdictions
• 28% cashback via Omanero

Cons

• Aimed at somewhat experienced traders
• Per-lot commission on top of the spread

Vantage

Pros

• Tight Raw spreads
• Multi-asset offering (forex, indices, commodities)
• MT4/MT5 and copy trading support
• 27% cashback via Omanero

Cons

• No crypto-native focus
• Conditions vary by regulating entity

Best for each profile

Choose IC Markets if you're forex and CFD traders who prioritize low spreads and institutional execution. Choose Vantage if you're multi-asset traders who want tight spreads and MT4/MT5.

Verdict

If your priority is recovering the most fees, IC Markets leads with 28% cashback. If you value Vantage's profile more, you still recover fees at 27%. Best of all: you don't have to choose — use both and earn cashback on each.

Frequently asked questions