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FxPro vs IC Markets: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD/FX trading

FxPro and IC Markets are two great brokers for scalping and automated trading. However, IC Markets is the better choice if you are looking for a lower EUR/USD cost (7.80 USD per lot against 12.80 USD) and more tradable symbols (2,850 against 2,100), while FxPro is better because it has faster execution (13 ms against 66 ms). FxPro is regulated by CySEC and the FCA, with an offshore company regulated by the SCB (Bahamas), while IC Markets is regulated by CySEC and ASIC, with an offshore company regulated by the FSA (Seychelles). FxPro and IC Markets both offer a demo account and both process withdrawals in 1 day. FxPro asks for no minimum deposit at any of its companies, while IC Markets asks for 224.00 USD at its European company, 200.00 USD at its Australian company and no minimum deposit at its offshore company. IC Markets offers crypto CFDs at all its companies, while FxPro offers them except at its UK company.

FxPro

CFDCFD FxPro offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX FxPro offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
FxPro review ›
86CFD/FXOverall score FxPro scores 86/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

72.87% of retail investor accounts lose money when trading CFDs with this provider.

IC Markets

CFDCFD IC Markets offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX IC Markets offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
IC Markets review ›
87CFD/FXOverall score IC Markets scores 87/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

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 .
1 / 12

FxPro is better than IC Markets for high-volume traders. Professional traders, scalpers and swing traders can choose either FxPro or IC Markets.

Best for
Overall score FxPro 86 -1 IC Markets 87
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.
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FxPro and IC Markets are both regulated by top-tier authorities, FxPro by CySEC and the FCA (United Kingdom) and IC Markets by CySEC and ASIC (Australia).

Regulation
Section score FxPro 100 IC Markets 100
Tier-1 regulators
ESMA (European Union) i CySEC (Cyprus) CySEC (Cyprus)
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 .
3 / 12

Both FxPro and IC Markets offer segregated client funds and an investor compensation scheme. FxPro also offers additional money insurance.

Safety
Section score FxPro 87 Best IC Markets 78 -9
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 Eurobank
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 , both on each trade and on holding the account.
4 / 12

IC Markets is better than FxPro for costs, since IC Markets is cheaper on EUR/USD, at 7.8 USD per lot (against FxPro's 12.8 USD), has tighter S&P 500 CFD spreads, at 0.36 points (against FxPro's 0.85 points), and has tighter gold CFD spreads, at 0.08 points (against FxPro's 0.34 points). Neither FxPro nor IC Markets charges account maintenance fees or deposit fees.

Costs
Section score FxPro 40 -25 IC Markets 65 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
1.43 pips
0.8 pips
EUR/USD average raw spread i
0.43 pips
0.06 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 12.8 USD 7.8
S&P 500 fees (CFD) i 0.85 points 0.36 points
Gold fees (CFD) i 0.34 points 0.08 points
Bitcoin fees (CFD) i USD 15.74 USD 6.46
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 , and of how many instruments each one gives access to.
5 / 12

FxPro and IC Markets are close on available markets. Both FxPro and IC Markets offer CFDs on commodities, crypto, ETFs, forex, indices and stocks. IC Markets goes a step further, as it gives access to 2,850 tradable symbols (against FxPro's 2,100).

Available markets
Section score FxPro 75 IC Markets 75
Total tradable symbols i 2,100 2,850
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, ETF, Forex, Indices, Stocks Commodities, Crypto, ETF, 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 .
6 / 12

FxPro is better than IC Markets for platforms, as FxPro offers a proprietary platform, which IC Markets does not. FxPro and IC Markets both offer cTrader and MetaTrader 5.

Platform
Section score FxPro 94 Best IC Markets 89 -5
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 , and of what each one lets you do from your phone.
7 / 12

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.

Mobile
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 .
8 / 12

FxPro and IC Markets are close on trading features, as both offer negative balance protection and trailing stops. FxPro goes a step further, as it executes orders faster, within 13 ms (against IC Markets' 66 ms), and offers guaranteed stop losses.

Trading features
Section score FxPro 93 IC Markets 93
Trade execution
Broker type i NDD NDD
Average execution time i 13 ms 66 ms
Slippage occurrence i 9%
Requotes occurrence i 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1About this value. This is the major fx pairs leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 30:1 (the UK). 30:1About this value. This is the major fx pairs leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 30:1 (Australia), 5000:1 (other accepted countries).
Minor/Exotic FX pairs leverage i 20:1About this value. This is the minor/exotic fx pairs leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 500:1 (other accepted countries), 20:1 (the UK). 20:1About this value. This is the minor/exotic fx pairs leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 5000:1 (other accepted countries).
Major indices leverage i 20:1About this value. This is the major indices leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 20:1 (the UK). 20:1About this value. This is the major indices leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 200:1 (other accepted countries).
Minor indices leverage i 10:1About this value. This is the minor indices leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 10:1 (the UK). 10:1About this value. This is the minor indices leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 10:1 (Australia), 200:1 (other accepted countries).
Gold leverage i 20:1About this value. This is the gold leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 20:1 (the UK). 20:1About this value. This is the gold leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 2000:1 (other accepted countries).
Commodities leverage i 10:1About this value. This is the commodities leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 10:1 (the UK). 10:1About this value. This is the commodities leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 10:1 (Australia), 1000:1 (other accepted countries).
Equities leverage i 5:1About this value. This is the equities leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 25:1 (other accepted countries), 5:1 (the UK). 5:1About this value. This is the equities leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 5:1 (Australia), 20:1 (other accepted countries).
Cryptocurrency leverage i 2:1About this value. This is the cryptocurrency leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 20:1 (other accepted countries). 2:1About this value. This is the cryptocurrency leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 2:1 (Australia), 500:1 (other accepted countries).
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 , and of who each one is meant for.
9 / 12

FxPro is better than IC Markets for account types, since FxPro offers an Islamic account, a swap-free account and a fixed spread account, which IC Markets does not. Both FxPro and IC Markets offer a demo account and a professional traders account.

Account types
Section score FxPro 95 Best IC Markets 79 -16
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 .
10 / 12

FxPro and IC Markets are equally good for account opening, since FxPro does not require a minimum deposit (against IC Markets' 224 USD). On the other hand, IC Markets offers 10 account base currencies (against FxPro's 7), and credits deposits faster, within the same day (against FxPro's 1 day). Both FxPro and IC Markets offer credit cards and debit cards.

Account opening
Section score FxPro 85 IC Markets 85
Minimum deposit i USD 0 USD 224About this value. This is the minimum deposit at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: USD 200 (Australia), USD 0 (other accepted countries).
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Neteller, Skrill 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, USDAbout this value. This is the account base currencies at IC Markets (EU) Ltd (CySEC). It is different at IC Markets' companies in Australia.
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 , in how it can be reached and how fast it answers.
11 / 12

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.

Customer care
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 .
12 / 12

IC Markets is better than FxPro for learning, as IC Markets offers webinars, which FxPro does not. FxPro and IC Markets both offer education for advanced traders and professional reports.

Learning
Section score FxPro 88 -12 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
Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

FxPro vs IC Markets: which one should you choose?

FxPro

CFD/FX Choose FxPro if you want an online CFD broker with fast execution and no minimum deposit.

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 forex broker with low trading costs and a wide choice of markets.

Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.

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