FP Marketsvs
IC MarketsForex Broker Comparison
In this comparison, FP Markets and IC Markets square off over pricing, platform choice, and regulation. The outcome hinges on which aspects you prioritize.
Our Verdict
IC Markets winsby 0.2 pts
IC Markets edges FP Markets on overall score, supported by higher Fees & Spreads and broader regulation.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets offers 10,000+ instruments, IC Markets 2,200.
- 2IC Markets includes FSCA alongside ASIC and CySEC.
- 3Pricing: IC charges $7/lot; FP charges $6/lot.
Who should choose FP Markets vs IC Markets?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you want a low entry threshold with a $100 minimum deposit.
Choose IC Markets if…
Choose FP Markets if you value IRESS for share CFDs alongside MT4/MT5 and cTrader. Choose IC Markets if you seek broader regulatory coverage with FSCA in addition to ASIC and CySEC. Choose IC Markets if you need deep liquidity and true ECN routing with 0.0 pip spreads.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
FP Markets vs IC Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5 | 4.6 / 5 |
FP Markets vs IC Markets Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs IC Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | IC Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FP Markets vs IC Markets: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and IC Markets rates 4.7/5. IC Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both FP Markets and IC Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
FP Markets has $100, while IC Markets requires at least $200. This makes FP Markets more accessible for traders with limited starting capital.
Both FP Markets and IC Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: FP Markets requires a lower minimum deposit ($100), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, while IC Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per lot, lower than IC Markets's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and TradingView and MetaTrader 4. FP Markets has exclusive access to IRESS.
