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Head to head
FxPro or IC Markets? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
A platform-rich, FCA-regulated CFD broker aimed at algo traders and cTrader loyalists — priced in the middle, not at the bottom.
One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
Four decision axes, each derived from the recorded data.
Overall IC Markets takes it, 4.2 against 3.9 out of 5. On commissions there is little between them — €5.00 against €5.00 for a reference EUR 5,000 order. FxPro scores 75 against 70 out of 100 on the group index. Your account's protection depends on its legal entity. IC Markets covers more ground with 9 of 14 asset classes against 5. On platform and app FxPro is ahead, 4.4 against 4.1 out of 5. Which one is right depends on which of these axes matters for your trading profile.
FxProFxProFxProFxProFxProUp to four brokers at once — every row a decision point.
Data as of: 30 Aug 2026
| Criterion | ||
|---|---|---|
| Overall score | 3.9 | 4.2 — Better |
| Group index | 75 of 100 | 70 of 100 |
| Best for | Algorithmic traderscTrader usersActive FX tradersHigh-volume tradingMulti-platform setups | Algorithmic and EA tradersScalping and high-frequency FXcTrader usersHigh-volume tradersCopy trading |
| Regulation | FCACySECFSCASCB | ASICCySECFSCAFSASCBCMA |
| Top-tier licences | 1 | 1 |
| Investor protection | £85,000 — Better | €20,000 |
| Listed group | No | No |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | Yes | Yes |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | None | 1 |
| Founded | 2006 | 2007 |
| Headquarters | London, GB | Sydney, AU |
| Fees | 3.3 | 4.7 — Better |
| Safety & regulation | 4.2 — Better | 3.9 |
| Trading platform | 4.6 — Better | 4.5 |
| Product range | 3.6 | 3.7 — Better |
| Mobile app | 4.2 — Better | 3.6 |
| Research | 3.6 | 3.6 |
| Customer support | 4.2 | 4.5 — Better |
| Deposit & withdrawal | 4.2 | 4.4 — Better |
| Account opening | 4.4 — Better | 4.3 |
| Education | 3.2 | 3.3 — Better |
| Reference order EUR 5,000 | €5.00 | €5.00 |
| Minimum deposit | US$100 — Better | €200 |
| Stocks (per order) | in the spread | 0.1 % |
| US stocks | n/a | US$0.02/share |
| ETFs | in the spread | Not offered |
| Options | Not offered | Not offered |
| Futures | Not offered | in the spread |
| Crypto | in the spread | in the spread |
| Bonds (order) | n/a | in the spread |
| Funds (order) | n/a | n/a |
| EUR/USD spread | 1.4 pips | 0.8 pips — Better |
| Index CFD spread | n/a | n/a |
| FX conversion | n/a | n/a |
| Inactivity fee | US$5 · after 6 months — Better | €10 · after 6 months |
| Custody fee | n/a | None |
| Withdrawal fee | free | free |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 5 | 9 — Better |
| Exchanges | n/a | n/a |
| Stocks | No | Yes |
| ETFs | No | No |
| Options | No | No |
| Futures | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | No | Yes |
| Funds | No | No |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Warrants | No | No |
| Spread betting | No | No |
| Social trading | No | Yes |
| Platforms | cTraderMetaTrader 5MetaTrader 4TradingViewFxPro EdgeFxPro mobile app | MetaTrader 4MetaTrader 5cTraderTradingViewIC Markets appFIX API |
| Demo account | Yes | Yes |
| Fractional shares | No | No |
| Maximum leverage | 1:30 · Pro 1:500 | 1:30 · Pro 1:500 |
| Account opening | Around 5 minutes online; identity verification typically completed within 24 hours | Digital application, usually approved within one business day |
| Account types | Standard (MT4/MT5)Raw+ (MT4/MT5)cTraderEliteIslamic (swap-free) | Raw Spread (MT4/MT5)cTrader RawStandardRaw ProRaw Pro+Swap-free |
| Payment methods | Bank transferSEPACredit cardDebit cardPayPalSkrillNetellerCrypto | Bank transferSEPACredit cardDebit cardPayPalSkrillNetellerApple PayGoogle PayCrypto |
| Account currencies | USDEURGBPCHFJPYPLNAUDZAR | EURUSDGBP |
| Deposit time | 10–60 minutes for cards, e-wallets and crypto; 1–5 business days for bank transfer | Instant to 12 hours on cards and e-wallets, 1-3 business days by bank transfer |
| Withdrawal time | Same-day processing; up to 2 business days for domestic transfers, 3–5 for international, up to 10 for card refunds | Same day to 1 business day on e-wallets and crypto, 2-5 business days by bank wire |
| Free withdrawals | n/a | n/a |
| Languages | EnglishGermanFrenchSpanishItalianPortugueseRussianArabicChinesePolish+2 | EnglishGermanSpanishFrenchItalianPortugueseChineseVietnameseThaiArabic |
| Channels | PhoneEmailLive chatWhatsAppTelegram | PhoneEmailLive chat |
| Availability | 24/5 | 24/7 |
Editorial assessment based on the recorded data.
FxPro
A platform-rich, FCA-regulated CFD broker aimed at algo traders and cTrader loyalists — priced in the middle, not at the bottom.
Pros
Cons
Best for
IC Markets
One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.
Pros
Cons
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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