FxPro
Regulated in your country FxPro is allowed by FCA to onboard clients residing in the UK.
72.87% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
Not regulated in your country IC Markets does not accept residents in the UK because it is not regulated by FCA.
72.52% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders FxPro and IC Markets are best suited to, based on what each one actually offers in United Kingdom.IC Markets is better than FxPro for crypto traders. Professional traders, high-volume traders and scalpers can choose either IC Markets or FxPro.
| Overall score | FxPro 84 -3 | IC Markets 87 Best |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FxPro and the ones that supervise IC Markets.Only FxPro is regulated in the UK, by the FCA. IC Markets holds no licence in the UK and is regulated by CySEC and ASIC (Australia).
| Section score | FxPro 100 | IC Markets 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FxPro and IC Markets have in place to protect your money in United Kingdom.Both FxPro and IC Markets offer segregated client funds and two-factor authentication. FxPro also offers an investor compensation scheme and additional money insurance. IC Markets holds no licence in the UK and is not covered by the FSCS.
| Section score | FxPro 87 Best | IC Markets 65 -22 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2006 | 2007 |
| Parent company i | FxPro Group Limited | International Capital Markets Pty Ltd |
| CEO i | Charalambos Psimolophitis | Andrew Budzinski |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Barclays, Julius Baer, Royal Bank of Scotland | N/A |
| Brand power | ||
| Number of customers worldwide i | 2,180,000 | |
| Annual revenue i | USD 900,000 | |
| Monthly website search traffic i | 323.9K monthly visits | 2.2M monthly visits |
Costs
What we compare A comparison of what it costs to trade with FxPro and with IC Markets in United Kingdom, both on each trade and on holding the account.IC Markets is better than FxPro for costs, since IC Markets is cheaper on EUR/USD, at 7.55 USD per lot (against FxPro's 11.7 USD), has tighter S&P 500 CFD spreads, at 0.49 points (against FxPro's 0.85 points), and has tighter gold CFD spreads, at 0.09 points (against FxPro's 0.34 points). Neither FxPro nor IC Markets charges account maintenance fees or deposit fees.
| Section score | FxPro 49 -30 | IC Markets 79 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 7 | USD 7 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 11.7 | USD 7.55 |
| S&P 500 fees (CFD) i | 0.85 points | 0.492 points |
| Gold fees (CFD) i | 0.34 points | 0.09 points |
| Bitcoin fees (CFD) i | USD 12.01 | |
| US stocks fees (CFD) i | Free | USD 0.02 |
| Fees on stocks | ||
| Stock fee type i | Spread | Commission, Percentage |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | Free | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FxPro and with IC Markets in United Kingdom, and of how many instruments each one gives access to.IC Markets is better than FxPro for available markets, since IC Markets offers CFDs on crypto, which FxPro does not. Both FxPro and IC Markets offer CFDs on commodities, forex, indices and stocks.
| Section score | FxPro 65 -10 | IC Markets 75 Best |
|---|---|---|
| Total tradable symbols i | 2,100 | 180 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that FxPro and IC Markets make available to their clients in United Kingdom.IC Markets is better than FxPro for platforms, as IC Markets offers social trading, copy trading and ZuluTrade, which FxPro does not. FxPro and IC Markets both offer cTrader and MetaTrader 5.
| Section score | FxPro 80 -9 | IC Markets 89 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FxPro and IC Markets in United Kingdom, and of what each one lets you do from your phone.FxPro is better than IC Markets for mobile trading, as FxPro offers a social trading app, a copy trading app and a smartwatch app, which IC Markets does not. FxPro and IC Markets both offer a proprietary mobile app and the cTrader app.
| Section score | FxPro 100 Best | IC Markets 93 -7 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FxPro and IC Markets allow on their platforms in United Kingdom.FxPro is better than IC Markets for trading features, because FxPro executes orders faster, within 13 ms (against IC Markets' 40 ms), and offers negative balance protection and guaranteed stop losses, which IC Markets does not. FxPro and IC Markets both offer trailing stops and tier-1 liquidity providers. The leverage shown for IC Markets is set by its Seychelles entity and exceeds the retail limit in the UK (30:1 on major currency pairs).
| Section score | FxPro 93 Best | IC Markets 83 -10 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | 13 ms | 40 ms |
| Slippage occurrence i | 9% | |
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 5000:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 5000:1 |
| Major indices leverage i | 20:1 | 200:1 |
| Minor indices leverage i | 10:1 | 200:1 |
| Gold leverage i | 20:1 | 2000:1 |
| Commodities leverage i | 10:1 | 1000:1 |
| Equities leverage i | 5:1 | 20:1 |
| Cryptocurrency leverage i | 500:1 | |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FxPro and at IC Markets in United Kingdom, and of who each one is meant for.IC Markets is better than FxPro for account types, since IC Markets offers a corporate account, which FxPro does not. Both FxPro and IC Markets offer a demo account and a professional traders account.
| Section score | FxPro 84 -8 | IC Markets 92 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FxPro and with IC Markets in United Kingdom.IC Markets is better than FxPro for account opening, given that IC Markets does not require a minimum deposit (against FxPro's 100 USD), offers 10 account base currencies (against FxPro's 7), and supports e-wallets, which FxPro does not. FxPro and IC Markets both offer credit cards and debit cards. IC Markets holds no licence in the UK.
| Section score | FxPro 72 -23 | IC Markets 95 Best |
|---|---|---|
| Minimum deposit i | USD 100 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | AUD, CHF, EUR, GBP, JPY, PLN, USD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 1 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FxPro and IC Markets in United Kingdom, in how it can be reached and how fast it answers.FxPro is better than IC Markets for customer care, because FxPro offers customer support in 18 languages (against IC Markets' 17), has a website in 24 languages (against IC Markets' 17), and offers call-back requests, which IC Markets does not. Both FxPro and IC Markets offer a dedicated account manager and phone support.
| Section score | FxPro 91 Best | IC Markets 87 -4 |
|---|---|---|
| Number of languages supported i | 24 | 17 |
| Website languages i | Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, Chinese | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FxPro and IC Markets provide to their clients in United Kingdom.IC Markets is better than FxPro for learning, as IC Markets offers webinars and an economic calendar, which FxPro does not. FxPro and IC Markets both offer education for advanced traders and professional reports.
| Section score | FxPro 83 -17 | IC Markets 100 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FxPro vs IC Markets: which one should you choose?
FxPro
CFD/FX Choose FxPro if you want an online CFD broker regulated in the UK by the FCA, with fast execution and a guaranteed stop loss.
Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
CFD/FX Choose IC Markets if you want a CFD and forex broker with low trading costs, no minimum deposit, and copy and social trading and live in a country where it is licensed to operate.
Not licensed in the UK 72.52% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include FxPro or IC Markets, each scored with the same data and method as this page.
