FP Markets vs IC Markets
Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.
4.5
4.6
12 pts
Head to head
Winners by category
Full comparison table
Rating
FP Markets
4.5
IC Markets
4.6
Model score
FP Markets
80
IC Markets
92
Regulation
FP Markets
Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa).
IC Markets
ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas)
Spreads
FP Markets
True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity.
IC Markets
Raw spreads starting from 0.0 pips on EUR/USD. Low-latency Equinix NY4 & LD5 data center server execution designed for high-frequency trading and EAs.
Fees
FP Markets
Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods.
IC Markets
Raw Spread Account: Spreads from 0.0 pips + $3.50 commission per lot per side ($7.00 round turn). Standard Account: Commission-free with spreads from 0.8 pips. cTrader Raw: Spreads from 0.0 pips + $3.00 commission per $100k.
Platforms
FP Markets
Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app.
IC Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, WebTrader
Account types
FP Markets
Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request.
IC Markets
Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader/TradingView), Swap-Free (Islamic), Demo
Min deposit
FP Markets
$100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts.
IC Markets
$0 (Recommended starting deposit: $200)
| Topic | FP Markets | IC Markets |
|---|---|---|
| Rating | 4.5 | 4.6 |
| Model score | 80 | 92 |
| Regulation | Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa). | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas) |
| Spreads | True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity. | Raw spreads starting from 0.0 pips on EUR/USD. Low-latency Equinix NY4 & LD5 data center server execution designed for high-frequency trading and EAs. |
| Fees | Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods. | Raw Spread Account: Spreads from 0.0 pips + $3.50 commission per lot per side ($7.00 round turn). Standard Account: Commission-free with spreads from 0.8 pips. cTrader Raw: Spreads from 0.0 pips + $3.00 commission per $100k. |
| Platforms | Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app. | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, WebTrader |
| Account types | Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request. | Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader/TradingView), Swap-Free (Islamic), Demo |
| Min deposit | $100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts. | $0 (Recommended starting deposit: $200) |