Comparison of FP Markets and IC Markets
| Feature | FP Markets | IC Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2005 | 2007 |
| Broker Type | ECN | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | ASIC, CySEC, FSCA, SVGFSA, SFSA | SFSA, ASIC, CySEC, CMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | $200 |
| Base Currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FP Markets Review | IC Markets Review |
About FP Markets
FP Markets is an Australian Forex and CFD broker founded in 2005 and regulated by ASIC, CySEC, and FSCA. It combines ECN pricing-RAW spreads from 0.0 pips and execution as fast as 0.02 seconds on Equinix NY4 servers-with a modest 100 AUD minimum deposit. Clients can trade via MetaTrader 4/5, cTrader, TradingView, or the Iress ViewPoint DMA platform, accessing more than 10000 instruments across forex, shares, indices, commodities, and crypto. The broker also supports passive strategies through Myfxbook AutoTrade, Signal Start, and MAM/PAMM solutions, while offering fee-free deposits and 24/7 multilingual customer support.
Pros
- Strong regulation with segregated client funds (ASIC, CySEC, FSCA)
- RAW ECN spreads from 0.0 pips and $6 round-turn commission per lot
- Execution speeds under 40 ms on NY4-ideal for scalping and algos
- Wide platform choice: MT4/5, cTrader, TradingView, and Iress ViewPoint
- 10000+ tradable instruments and numerous zero-fee funding options, including crypto
- Comprehensive analytics, education resources, and 24/7 multilingual support
Cons
- Iress ViewPoint incurs a monthly fee unless volume requirements are met
- Commission on RAW accounts may deter micro-lot traders
- No welcome bonuses or promotional offers
- Not available to clients in the USA and certain restricted jurisdictions
About IC Markets
IC Markets is a leading forex and CFD broker, well-known for its exceptional trading conditions and advanced technology. Established in 2007 and regulated by multiple top-tier authorities, including ASIC, CySEC, and the FSA Seychelles, IC Markets has earned a solid reputation among retail and institutional traders alike. The broker is particularly favored by scalpers, day traders, and algorithmic traders for its ultra-tight spreads, fast execution speeds, and no-dealing-desk (NDD) model. With access to powerful platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets offers a seamless trading experience across various asset classes, including forex, indices, commodities, and cryptocurrencies. Its focus on transparency, competitive pricing, and exceptional liquidity ensures that traders can execute strategies efficiently. However, while IC Markets excels in trading infrastructure, it offers limited educational resources, which may not fully cater to beginners.
Pros
- Regulated by top-tier authorities (ASIC, CySEC)
- Tight spreads starting from 0.0 pips on Raw Spread accounts
- No dealing desk (NDD) model ensures transparent and fast execution
- Excellent platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High liquidity and competitive pricing ideal for scalping and algorithmic trading
- Wide range of tradable assets, including cryptocurrencies
- Dedicated 24/7 customer support
Cons
- Restricted availability in some regions due to regulatory constraints
- Withdrawal fees may apply for certain methods
FP Markets & IC Markets Regulation
| Feature | FP Markets | IC Markets |
|---|---|---|
Companies | First Prudential Markets Pty Ltd, First Prudential Markets Ltd, FP Markets (PTY) Ltd, FP Markets LLC, First Prudential Markets Limited | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited |
Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Seychelles, Australia, Cyprus, Kenya |
Regulators | ASIC, CySEC, FSCA, SVGFSA, SFSA | SFSA, ASIC, CySEC, CMA |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FP Markets | IC Markets |
|---|---|---|
ECN Account | ||
| Account Name | Standard | Standard |
| Min Deposit | $100 | $200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1 | 0.6 |
| Fee | No | No |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 100% |
Zero Account | ||
| Account Name | Raw | Raw Spread |
| Min Deposit | $100 | $200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $6 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FP Markets | IC Markets |
|---|---|---|
Base currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FP Markets | IC Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 20 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | FP Markets | IC Markets |
|---|---|---|
Currencies | 81 | 61 |
Indices | 18 | 25 |
Stocks | 566 | 2175 |
Cryptocurrencies | 12 | 21 |
Bonds | 2 | 10 |
Metals | 17 | 7 |
Energies | 5 | 5 |
Soft Commodities | 7 | 8 |
ETFs | 58 | 38 |
Education and Analytics
| Feature | FP Markets | IC Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FP Markets | IC Markets |
|---|---|---|
Email | supportteam@fpmarkets.com | support@icmarkets.com |
Phone | +4428254477809 | +2484671976 |
Telegram | Telegram | — |
Whatsapp | — | |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing FP Markets and IC Markets, FP Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.