Direct Specification Matrix
IC Markets vs The5ers
Comprehensive side-by-side comparison of rules, prize structures, and trader experiences. Ratings calculated independently using identical public criteria.
Platform Type
forex broker
prop firm
Founded Year
2007
2016
HQ Country
AU
IL
Tradable Markets
forex, indices, commodities, stocks
forex, indices, commodities, crypto
Competition Formats
live account, volume based, deposit required
free, demo, simulated live_data
Entry Barrier / Cost
$200 deposit required
Free / Demo available
Typical Prize Pools
$20,000 – $250,000 USD
$15,000 – $50,000 USD
Max Leverage
Up to 1:500
Up to 1:30
Regulation Status
ASIC (Australia), CySEC (Cyprus), SCB (Bahamas)
Proprietary Trading Firm Entity (Israel / UK)
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 The5ers if:
- • You trade primarily on forex, indices, commodities, crypto.
- • You value free, demo, simulated live_data structures.
- • You want risk-free demo tournaments.