FP Markets vs IC Markets
Side-by-side comparison of regulation, trading costs, platforms, and account types for FP Markets and IC Markets.
FP MarketsTrust 8.9/10
ASIC
CySEC
FSCA
Long-established AU broker since 2005. Raw account is among the cheapest in the industry. Strong execution and Iress platform for share CFDs.
IC MarketsTrust 9.3/10
ASIC
CySEC
FSA-Seychelles
One of the largest forex brokers globally. Famous for ultra-tight spreads, deep liquidity, and excellent execution. Top choice for high-volume and algorithmic traders.
Quick verdict
- Trust: IC Markets has the higher trust score.
- EUR/USD spread: FP Markets and IC Markets have identical EUR/USD spreads.
Side-by-side comparison
| Feature | FP Markets | IC Markets |
|---|---|---|
| Trust score | 8.9 | 9.3 |
| Regulators | ASIC, CySEC, FSCA | ASIC, CySEC, FSA-Seychelles |
| Headquarters | — | — |
| Founded | — | — |
| Min deposit | $100 | $200 |
| Max leverage | 1:500 | 1:500 |
| EUR/USD spread | 0.10 pips | 0.10 pips |
| Commission per lot | $6 | $7 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | — |
| Withdrawal methods | — | — |
| Withdrawal speed | — | — |
| Base currencies | — | — |
FP Markets is best for
Cost-conscious traders
Stock CFD traders
AU residents
IC Markets is best for
Algo traders
Scalpers
High-volume traders
cTrader users