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FP Markets vs IC Markets 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of FP Markets vs IC Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000
IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 83
  • Tradeable Symbols (Total): 3583

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

FP Markets (founded 2005) and IC Markets (founded 2007) are online brokers that are private companies—neither is publicly traded—and neither is a bank. Both hold two Tier-1 licenses, the highest trust category per ForexBrokers.com. FP Markets also holds one Tier-2 license, while IC Markets holds none at the Tier-2 level.

ForexBrokers.com rates FP Markets with a Trust Score of 90 (highly trusted) and IC Markets at 83 (trusted). The scale defines 90–99 as highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. Based on these ratings and licenses, FP Markets edges ahead on overall regulatory standing.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Year Founded info 2005 2007
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 3

Fees

FP Markets and IC Markets are both strong choices for low trading costs, but IC Markets has a slight edge overall for commissions and fees. FP Markets offers very competitive pricing on its MetaTrader and cTrader accounts, especially its Raw ECN option, which keeps trading costs low with tight spreads and commission-based pricing. Its Standard account is simpler but usually more expensive because of wider spreads. FP Markets is rated 4.5/5 stars and ranks #11 out of 36 brokers for commissions and fees.

IC Markets is even more competitive for cost-conscious traders, with low spreads and commission-based accounts that are among the cheapest in the forex market. It offers a commission-free Standard account as well as Raw Spread accounts on MetaTrader and cTrader, with the cTrader version carrying slightly lower commission costs. For active traders, IC Markets also offers volume-based discounts. IC Markets is rated 5/5 stars and ranks #5 out of 36 brokers for commissions and fees.

In simple terms, FP Markets is a low-cost broker with excellent pricing, especially for traders who want a commission-based setup, while IC Markets is the better pick if your main goal is to keep trading fees as low as possible. Both brokers are highly competitive, but IC Markets comes out ahead on overall value in the commissions and fees category.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Minimum Deposit info $100 AUD $200
Average spread (EUR/USD) - Standard account info 1.3 info 0.62 info
All-in Cost EUR/USD - Active info 0.9 info 0.62 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to range of investments, FP Markets and IC Markets both give traders access to forex as a CFD or spot contract, copy trading, and cryptocurrency CFDs. Neither broker offers delivered cryptocurrency or U.S.-listed exchange traded securities, so if you want to buy actual shares like Apple directly, neither platform supports that. Both brokers also earn the same 4.5 out of 5 stars for range of investments, which shows each one offers a solid mix of trading options for most active traders.

The main difference is choice and reach. FP Markets lists 10,000 tradeable symbols and 71 forex pairs, while IC Markets offers 3,583 symbols and 61 forex pairs. IC Markets does, however, provide access to exchange traded securities on international exchanges, such as Vodafone shares on the London Stock Exchange, while FP Markets does not. In ForexBrokers.com’s ranking for range of investments, FP Markets places higher at #17 out of 36 brokers, compared with IC Markets at #22.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 3583
Forex Pairs (Total) info 71 61
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

FP Markets and IC Markets both give traders a wide choice of platform options, including free demo accounts, web-based trading, Windows desktop downloads, MetaTrader 4, MetaTrader 5, copy trading, and the ability to place trades directly from charts. This means either broker will suit traders who want familiar tools and flexible access across devices.

The main difference is that FP Markets also offers a proprietary platform built in-house, while IC Markets does not. Even so, both brokers are rated 4 out of 5 stars for trading platforms and tools, although IC Markets places higher in ForexBrokers.com’s ranking at #17 out of 36 brokers, compared with FP Markets at #22. In simple terms, both are strong choices, but IC Markets has a slight edge in third-party rankings, while FP Markets stands out for having its own platform.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

FP Markets and IC Markets both give traders a strong mobile trading setup, with iPhone and Android apps available on each platform. Both also include price alerts, trendline drawing, and auto-saving for chart drawings, which makes it easier to track markets and manage trades on the go. In addition, neither broker offers watchlist symbol syncing between the mobile app and online account, so watchlists do not carry over automatically.

When it comes to charting, IC Markets has an edge in its mobile app by offering 30 technical studies, while FP Markets uses the default MetaTrader chart tools. Even so, both brokers are rated 4 out of 5 stars for mobile trading apps. In ForexBrokers.com’s ranking out of 36 brokers, FP Markets places slightly higher at #20, compared with IC Markets at #22.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

FP Markets and IC Markets both offer a very similar set of market research tools. Each broker provides daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus access to Autochartist and Trading Central for technical and fundamental analysis. Traders at both firms also get a sentiment tool that shows long and short positioning across markets, along with an economic calendar for tracking key global news events. Neither broker includes market research from TipRanks or Acuity Trading.

In ForexBrokers.com’s research category, both FP Markets and IC Markets are rated 4 out of 5 stars, showing that each offers solid research support for traders. IC Markets is ranked slightly higher at #21 out of 36 brokers, while FP Markets sits at #22, so the difference between them is small.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info Yes Yes
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners looking for trading education, both FP Markets and IC Markets offer a solid range of learning materials. Each broker provides forex and CFD education, holds online educational webinars at least once a month, and has at least 10 beginner videos as well as 10 advanced videos. In plain terms, both platforms give new traders plenty of chances to learn the basics and keep building their skills over time.

When comparing them side by side, IC Markets has the edge in overall education recognition. Both brokers are rated 4 out of 5 stars for Education, but IC Markets is ranked higher by ForexBrokers.com, coming in at #16 out of 36 brokers, compared with FP Markets at #22. So while both are good options for beginner-friendly learning, IC Markets is the slightly stronger pick if education is a top priority.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than IC Markets. FP Markets finished with an overall rank of #19, while IC Markets finished with an overall rank of #21.

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
IC Markets logoIC Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 90 83
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or IC Markets?

Comparing online brokers FP Markets vs IC Markets: neither allows buying actual delivered cryptocurrencies, but both provide cryptocurrency CFD trading.

What funding options does each broker offer?

FP Markets vs IC Markets: both brokers do not offer ACH or SEPA transfers, both support PayPal, Skrill, and bank wire for deposits and withdrawals, and Visa/Mastercard availability is not specified.

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Overall Rating FP Markets IC Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 83
Winner check_circle
Review FP Markets Review IC Markets Review
Broker Screenshots FP Markets IC Markets
Broker Gallery (click to expand) info
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
IC Markets cTrader mobile app charting IC Markets EU cTrader desktop trading platform layout IC Markets webinar IC Your Trade YouTube video series. IC Markets Educational content blog articles.
Regulation FP Markets IC Markets
Trust Score info 90 83
Year Founded info 2005 2007
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 3
Tier-1 Licenses (Highly Trusted) FP Markets IC Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) FP Markets IC Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or CMA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FP Markets IC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 3583
Forex Pairs (Total) info 71 61
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost FP Markets IC Markets
Average spread (EUR/USD) - Standard account info 1.3 info 0.62 info
All-in Cost EUR/USD - Active info 0.9 info 0.62 info
Inactivity Fee info No No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding FP Markets IC Markets
Minimum Deposit info $100 AUD $200
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms FP Markets IC Markets
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes Yes
Trading Tools FP Markets IC Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP Markets IC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research FP Markets IC Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info Yes Yes
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education FP Markets IC Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs FP Markets IC Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review FP Markets Review IC Markets Review
Overall FP Markets IC Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 83
Winner check_circle
Review FP Markets Review IC Markets Review
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