Direct Specification Matrix
IC Markets vs MEXC
Comprehensive side-by-side comparison of rules, prize structures, and trader experiences. Ratings calculated independently using identical public criteria.
Platform Type
forex broker
crypto exchange
Founded Year
2007
2018
HQ Country
AU
SC
Tradable Markets
forex, indices, commodities, stocks
crypto
Competition Formats
live account, volume based, deposit required
volume based, deposit required, free
Entry Barrier / Cost
$200 deposit required
$50 deposit required
Typical Prize Pools
$20,000 – $250,000 USD
$30,000 – $1,500,000 USDT
Max Leverage
Up to 1:500
Up to 1:200
Regulation Status
ASIC (Australia), CySEC (Cyprus), SCB (Bahamas)
MSB (FinCEN) Licensed
Payout Track Record
VERIFIED
VERIFIED
Decision Summary: Which Should You Choose?
Choose IC Markets if:
- • You prioritize forex, indices, commodities, stocks markets.
- • You prefer live account, volume based, deposit required formats.
- • You have sufficient trading balance to meet deposit requirements.
Choose MEXC if:
- • You trade primarily on crypto.
- • You value volume based, deposit required, free structures.
- • You want access to high volume reward tiers.