IC Markets
FP Markets

Regulations and Licenses

Feature
IC Markets
FP Markets
ASIC (Australia)
FSCA (South Africa)
CYSEC (Cyprus)
FSA (Seychelles)
FSC (Mauritius)
Unregulated

Brokerage

Feature
IC Markets
FP Markets
EUR/USD Avg. Raw Spread
0.02
0.10
GBP/USD Avg. Raw Spread
0.23
0.20
AUD/USD Avg. Raw Spread
0.17
0.20
EUR/USD Standard Spread
0.62
1.1
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
0.83
1.3
AUD/USD Avg. Standard Spread
0.77
1.3
Commissions (USD Base)
$3.50
$3.00
Minimum Deposit
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
15+
10+
No Funding Fees

Markets and Instruments

Feature
IC Markets
FP Markets
Currency Pairs
61+
70+
Cryptocurrency CFDs*
18+
10+
Index CFDs
16+
14+
Share CFDs
100+
12,986+
Commodities CFD
26+
9+
Stockbroking
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
Retail Max. Leverage (United Kingdom)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
-
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
Professional Leverage
-
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
IC Markets
FP Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
(not Australia & EU)
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

IC Markets
FP Markets
Our Rating
850
800
 

Our comprehensive comparison covers the 10 most important trading factors between IC Markets and FP Markets. Here are five noticeable differences:

  • IC Markets offers an average raw spread of 0.02 for EUR/USD, while FP Markets offers 0.10.
  • For the GBP/USD average raw spread, IC Markets stands at 0.23 and FP Markets at 0.20.
  • IC Markets provides 18+ cryptocurrency CFDs, whereas FP Markets offers only 4+.
  • Both brokers operate with STP trading execution, but IC Markets has servers in both New York and London, ensuring better execution.
  • IC Markets generally offer more competitive spreads across all forex pairs compared to FP Markets.