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FxPro vs IC Markets: Comparison and Analysis

Trying to figure out whether to use FxPro or IC Markets? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of FxPro and IC Markets side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
72.87% of retail investor accounts lose money
FxPro review
Open Account
74-89% of retail CFD accounts lose money
IC Markets review

Overall Ratings


Rated
80
Rated
91

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • FxPro
  • IC Markets

Security 95
Security 93

Cost 58
Cost 85

Trading 76
Trading 100

Education 83
Education 66

Company Info


Foundation
2006
2007
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), cro, cz, dan, de, es, est, fi, fr, hu, lit, nor, po, pol, ru, ko, ind, viet, mal, it, sw, ur
en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

Leverage


Non-EU Leverage ?
500:1
500:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
0
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
3896000
19551
SimilarWeb - Total Visits
552472
117889
Facebook Likes
725969
54458
Twitter Likes
13120000
3276
Instagram Likes
4120000
14397

Deposit and Withdrawal


Minimum Deposit ?
100 USD
100 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
UnionPay
Bpay, Broker to Broker, FasaPay, Klarna, POLi, RapidPay, THAI Internet Banking, UnionPay, Vietnamese Internet Banking, Bitcoin Wallet
Deposit Waiting Time ?
up to 10 minutes
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, CHF, JPY, PLN
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
6.18
0.010
Natural Gas ?
5.40
0.001
Silver ?
2.07
Platinum ?
1.50
Copper ?
Soybeans ?
1.37
1.35
Corn ?
0.96
0.6
Gold ?
20.31

Forex Fixed Spreads


EUR/GBP Spread
1.6
EUR/USD Spread
1.5
USD/JPY Spread
1.6
GBP/USD Spread
1.8
USD/CHF Spread
1.8
AUD/USD Spread
USD/CAD Spread
1.6
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.45
0.1
USD/JPY Average Spread
0.53
0.2
USD/CHF Average Spread
0.85
0.5
GBP/USD Average Spread
1.02
0.4
USD/CAD Average Spread
0.88
0.5
AUD/USD Average Spread
0.87
0.2
NZD/USD Average Spread
1
0.4
EUR/GBP Average Spread
0.85
0.4

Fees on Stocks


Apple
0.62
Facebook
0.44
Alphabet
Snapchat
BP
Tesco
0.67
Barclays
1.50
Lloyds
0.20

Fees on Indices


FTSE100
1.22
1.0
S&P500
0.74
0.6
Dow Jones
3.24
Nasdaq
1.59
CAC40
1.62
1.0
DAX30
1.64
0.950
Nikkei 225
11.22
6.0
Euro Stoxx 50
1.87

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
3.5
4.0
Ripple
0.02
0.015
Litecoin
0.9
3.0
Bitcoin Cash
50.0
5.0
Dash
0
4.0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, cz, de, es, fr, hu, po, pol, rom, ru, sk, tur, ko, ind, viet, it, chi
en, dan, de, ne, pol, afrk, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
75
63
Crypto ?
75
63
Commodities ?
17
21
Stocks ?
156
1650
Indices ?
24
25
ETF ?
Futures ?
20
4
Options ?
Bonds ?
7
Metal ?
7
7
Agricultural ?
7
6
Energies ?
3
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
variable
0.01 lots
Maximum Trade Size ?
variable
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, cz, de, es, fr, hu, po, pol, ru, thai, ko, ind, viet, mal, it, ur, chi
en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

FxPro vs IC Markets: A Comparison Summary

When it comes to choosing a reliable and reputable forex broker, it is important to compare different options based on various factors such as security, demo accounts, account opening, social-copy trading, markets, trading fees, platforms, education, and customer care. In this comparison summary, we will explore and compare two popular brokers, FxPro and IC Markets, based on these factors.

Security

Both brokers are well-regulated, with FxPro being regulated by FCA, CySEC, FSCA, and SCB (Bahamas), while IC Markets is regulated by CySEC, ASIC, FSA, and SCB. However, FxPro has a higher security rating of 95 compared to IC Markets’ 93.

Demo Accounts

FxPro offers a 180-day demo account with virtual funds of $100,000, while IC Markets offers an unlimited demo account where traders can choose the amount of virtual funds, up to $5,000,000. FxPro’s demo account can be restored from the FxPro Direct dashboard, while IC Markets’ demo account can be restored by contacting customer support.

Account Opening

Both brokers offer multiple account options, with FxPro offering MT4, MT5, cTrader, Spread Betting, Islamic, and VIP accounts, while IC Markets offers Standard, RAW Spread, and Professional accounts. FxPro requires a minimum deposit of $100 and offers various payment methods, while IC Markets has no minimum deposit but suggests a minimum of $200, and offers a wide range of payment methods including bitcoin and local options.

Social-Copy Trading

FxPro does not offer social-copy trading features, while IC Markets allows traders to engage in copy trading through third-party platforms such as ZuluTrade.

Markets

FxPro offers a wide range of markets including forex, commodities, indices, crypto assets, and stocks, while IC Markets offers forex, commodities, indices, crypto assets, and stocks. FxPro offers more stock options with over 2000+ compared to IC Markets’ 1600+ options. However, IC Markets offers a wider range of crypto assets with 63 options compared to FxPro’s 28 options.

Trading Fees

Both brokers offer variable spreads, with FxPro’s spreads starting from 0.1 pips on forex, and IC Markets’ spreads starting from 0 pips on forex. FxPro also offers fixed spreads starting from 1.6 pips on forex, while IC Markets charges commissions per lot traded up to $7. FxPro charges higher fixed spreads but offers lower variable spreads, while IC Markets offers lower variable spreads but charges commissions per lot traded.

Platforms

Both brokers offer popular platforms such as MT4, MT5, and cTrader, with FxPro also offering its proprietary platform, FxPro EDGE. All platforms offered by IC Markets allow for algo trading, while FxPro EDGE also offers advanced features such as one-click trading and custom indicators. IC Markets also offers VPS services.

Education/Customer Care

IC Markets offers a wider range of educational materials such as webinars and podcasts, while FxPro offers basic video tutorials and PDF guides for beginners with fewer resources for professionals. Both brokers offer easy access to customer care via email and live chat in multiple languages.

Conclusion

Overall, both FxPro and IC Markets are reputable brokers with their own strengths and weaknesses. FxPro offers more account options and a proprietary platform with advanced features, while IC Markets offers a wider range of educational materials, lower variable spreads, and allows for copy trading through third-party platforms. Traders should consider their own needs and preferences when choosing between the two.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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