Find out which broker best suits your trader profile.
Choose if…
Choose FxPro if you value a true multi-platform setup including MT4, MT5, cTrader and the FxPro Edge.
Choose if…
Choose FxPro if you prefer a lower $100 minimum deposit and strong regulation. Choose IC Markets if you want true ECN pricing with raw 0.0 pip spreads. Choose IC Markets if you value MT4/MT5 and cTrader alongside deep liquidity from 25+ tier-1 sources.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
IC Markets offers tighter spreads from 0.00 pips vs 1.20 pips for FxPro, reducing trading costs.
| Editorial score | 4.3/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.6 / 5▲ |
Pros
Supports all four major platforms: MT4, MT5, cTrader, and proprietary
Strong FCA and CySEC regulation
No dealing desk execution on raw accounts
Negative balance protection
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | FxPro | 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 | Pass | 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 |
The scores are close: FxPro rates 4.3/5 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.
IC Markets starts from 0 pips, tighter than FxPro's 1.2 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
FxPro has $100, while IC Markets requires at least $200. This makes FxPro more accessible for traders with limited starting capital.
Both FxPro 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: FxPro 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.
FxPro 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.
Both FxPro and IC Markets charge the same commission of $7 per lot on applicable accounts.
FxPro supports cTrader, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. FxPro has exclusive access to Proprietary Web/Mobile. IC Markets has exclusive access to TradingView.
IC Markets is safer due to ASIC and broader regulator mix.
IC Markets wins for active traders due to true ECN pricing and deep liquidity.
IC Markets is better suited for scalpers: tighter spreads from 0.00 pips.
FxPro wins for platform choice with MT4, MT5, cTrader, and the FxPro Edge.
FxPro wins for beginners with lower $100 min deposit.
IC Markets wins for instrument variety with 2200 instruments.
Fees & Spreads 30% weight | 4.4 / 5 | 5.0 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.2 / 5 | 4.6 / 5▲ |
|---|
Customer Support 10% weight | 4.0 / 5 | 4.5 / 5▲ |
|---|
| Founded | 2006 | 2007 |
|---|
| Headquarters | London, United Kingdom | Sydney, Australia |
|---|
| Min Deposit | $100▼ lower | $200 |
|---|
| Spreads From | 1.2 pips | 0 pips▼ lower |
|---|
| Commission / lot | $7/lot | $7/lot |
|---|
| 1.9 pips | 0.7 pips▼ lower |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNetellerPayPal |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA FSCA CySEC | ASIC FSCA CySEC |
|---|
| Platforms | cTrader MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 | cTrader MetaTrader 5 TradingView MetaTrader 4 |
|---|
| Active bonuses |
|---|
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Cons
Customer support can be slow during peak hours
FxPro Edge proprietary platform less feature-rich than MT4
Not available to US residents
Cons
Not available to US residents
Higher minimum deposit than IG/OANDA
No proprietary platform
FxPro and IC Markets face off on platform breadth and pricing structures. The matchup tests regulation strength, cost efficiency, and execution quality across multiple platforms.
IC Markets outperforms FxPro on editorial score (4.7 vs 4.3) thanks to lower spreads and ECN pricing.
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Dig deeper into each broker’s features, fees, and regulation.
Score 4.3 / 5
Score 4.7 / 5
Personalised recommendation
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