Direct Specification Matrix
BingX vs IC Markets
Comprehensive side-by-side comparison of rules, prize structures, and trader experiences. Ratings calculated independently using identical public criteria.
Platform Type
crypto exchange
forex broker
Founded Year
2018
2007
HQ Country
SG
AU
Tradable Markets
crypto, indices, commodities
forex, indices, commodities, stocks
Competition Formats
volume based, deposit required, free, demo
live account, volume based, deposit required
Entry Barrier / Cost
Free / Demo available
$200 deposit required
Typical Prize Pools
$20,000 – $800,000 USDT
$20,000 – $250,000 USD
Max Leverage
Up to 1:150
Up to 1:500
Regulation Status
AUSTRAC & MSB Licensed
ASIC (Australia), CySEC (Cyprus), SCB (Bahamas)
Payout Track Record
VERIFIED
VERIFIED
Decision Summary: Which Should You Choose?
Choose BingX if:
- • You prioritize crypto, indices, commodities markets.
- • You prefer volume based, deposit required, free, demo formats.
- • You want access to free demo competitions.
Choose IC Markets if:
- • You trade primarily on forex, indices, commodities, stocks.
- • You value live account, volume based, deposit required structures.
- • You want access to high volume reward tiers.