FxProvs
IC MarketsStock Broker Comparison
FxPro and IC Markets square off over equity CFD access, platform breadth, and regulation. The matchup tests whether more platforms or broader market reach wins readers' attention.
Our Verdict
IC Markets winsby 0.3 pts
IC Markets is the overall winner on editorial score, scoring 4.1 versus FxPro's 3.8. Its broader exchange access and DMA-enabled pricing underpin the lead.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FxPro provides a proprietary platform FxPro Direct.
- 2IC Markets offers DMA access via IRESS.
- 3FxPro has no minimum deposit.
Who should choose FxPro vs IC Markets?
Find out which stock broker best suits your investing profile.
Choose FxPro if…
Choose FxPro if you want four platforms including a proprietary FxPro Direct interface. You can start with a $0 minimum deposit.
Choose IC Markets if…
Choose IC Markets for 2,000+ stock CFDs with DMA access via IRESS. You also benefit from transparent pricing such as USD 0.02 per US share.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for safety & regulation
It’s a tie
Both equally suited
IC Markets offers Tier-1 regulatory coverage with ASIC and CySEC.
Best for active traders
Recommended
FxPro vs IC Markets: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 3.8/ 5 | 4.1/ 5 |
| Min deposit | $100▼ lower | $200 |
| Spreads from | 1.2 pips | 0 pips▼ lower |
| Commission / lot | $7/lot | $7/lot |
FxPro vs IC Markets Stock Broker Pros & Cons
Pros
- All four major platforms (MT4, MT5, cTrader, FXPro Direct) support equity CFDs
- FCA and CySEC regulated with FSCS protection for UK clients
- No minimum deposit; no inactivity fee
- Algorithmic traders can deploy EAs/cBots on share CFDs within existing environments
Cons
- Narrowest stock selection (100+) among multi-platform regulated equity CFD brokers
FxPro 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 | FxPro | IC Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
FxPro vs IC Markets: Frequently Asked Questions
The scores are close: FxPro rates 3.8/5 and IC Markets rates 4.1/5. 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 lists tighter spreads from 0, compared with FxPro's 1.2. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
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 20:1, while IC Markets lists up to 5:1. 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 trade on applicable accounts. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
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.
Neither FxPro nor IC Markets is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both FxPro and IC Markets are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
