FP Markets vs IC Markets
Can't decide between FP Markets and IC Markets? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 10, 2026
Executive Summary
FP Markets and IC Markets are both well-established forex brokers, but they serve different types of traders. FP Markets scores 92/100 in our TrustMetrics™ system, while IC Markets leads with 97/100.
On pricing, IC Markets offers tighter EUR/USD spreads (0.02 pips vs 0.1 pips). FP Markets supports MT4, MT5, cTrader, Iress, TradingView while IC Markets offers MT4, MT5, cTrader, giving FP Markets an edge in platform diversity.
For regulation, FP Markets holds licenses from ASIC, CySEC, FSA while IC Markets is regulated by ASIC, CySEC, FSA. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
IC Markets scores higher in our TrustMetrics system (97/100) compared to FP Markets (92/100), making it the safer choice.
Lowest Spreads
IC Markets offers better pricing with an average EUR/USD spread of 0.02 pips, beating the 0.1 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $100, FP Markets is the more accessible option for new traders.
Detailed Comparison
| Feature | FP Markets | IC Markets |
|---|---|---|
| Trust Score | 92/100 | 97/100 |
| Spreads From | 0.0 pips | 0.0 pips |
| Avg EUR/USD Spread | 0.1 pips | 0.02 pips |
| Commission | $6.00/lot | $7.00/lot |
| Execution Speed | 30ms | 18ms |
| Max Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | $200 |
| Instruments | 10,000+ | 2,250+ |
| Account Types | Standard, Raw, Iress | Standard, Raw Spread, cTrader Raw |
| Platforms | MT4, MT5, cTrader, Iress, TradingView | MT4, MT5, cTrader |
| Top Regulators | ASIC, CySEC, FSA | ASIC, CySEC, FSA |
| Withdrawal Speed | 1-2 business days | 1-2 business days |
| Inactivity Fee | $0 | $0 (No inactivity fee) |
| Customer Support | 24/7 Live Chat, Email, Phone | 24/7 Live Chat, Email, Phone |
Which Broker Should You Choose?
Choose FP Markets if...
- ✓You need the tightest possible spreads for scalping
- ✓You want to trade directly from TradingView charts
- ✓You prefer cTrader's advanced order management
- ✓You need access to a massive range of instruments
- ✓You are a scalper or algorithmic trader
Choose IC Markets if...
- ✓You need the tightest possible spreads for scalping
- ✓You prefer cTrader's advanced order management
- ✓You are a scalper or algorithmic trader
FP Markets Pros & Cons
Pros
- ✓ True ECN pricing with 0.0 pips on majors frequently
- ✓ Very competitive $6.00/lot round-turn commission
- ✓ Access to 10,000+ global stocks via the Iress platform
- ✓ Full suite of platforms: MT4, MT5, cTrader, and TradingView
Cons
- × Iress platform requires a higher minimum deposit ($1,000) and has platform fees
- × Educational content is decent but not industry-leading
IC Markets Pros & Cons
Pros
- ✓ True 0.0 pip spreads during London and NY sessions
- ✓ Industry-leading 18ms execution speed
- ✓ Free Equinix NY4 VPS for active traders
- ✓ No trading restrictions (perfect for EAs)
- ✓ Transparent $6/lot commission on cTrader
Cons
- × No proprietary trading platform or TradingView integration
- × Education section is basic compared to competitors
- × No deposit bonus or welcome offers
The Bottom Line: FP Markets vs IC Markets
- ✓ ECN Trading
- ✓ Low Commissions
- ✓ Stock CFDs
- ✓ cTrader
- ✓ Lower minimum deposit ($100)
- ✓ Scalping
- ✓ Algorithmic Trading
- ✓ Low Spreads
- ✓ ECN Trading
- ✓ Tighter EUR/USD spreads (0.02 pips)
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
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