FxPro vs IC Markets: which is better?

FxPro and IC Markets are compared here on the trading conditions that decide cost: verified spreads by account type, commission, minimum deposit, leverage, regulation, platforms and market coverage. Both appear in our Best for MT4 and Best for MT5 rankings, which is why traders shortlist them together. Every figure below is read straight from each broker’s own record — spreads come from the Spread Meter dataset with a source and a verification date, not from marketing pages.

Key differences between FxPro and IC Markets

• Lowest verified spread

  FxPro Standard Not provided ($0); ECN Not provided ($4.50 per lot round turn)

  IC Markets Standard From 0.8 pips ($0); ECN From 0.0 pips (US$3.00 per US$100k/side)

  FxPro has no verified spread on record yet, so the two cannot be priced against each other.

• Minimum deposit

  FxPro $100

  IC Markets $0

  IC Markets is cheaper to open, from $0.

• Regulation

  FxPro FCA, FSCA, SCB, FSA Seychelles

  IC Markets ASIC, FSA (Seychelles)

  FxPro holds more licences on record (4 vs 2).

• Platforms

  FxPro MT4, MT5, cTrader, FxPro Platform

  IC Markets MT4, MT5, cTrader, TradingView

  Only FxPro offers FxPro Platform; Only IC Markets offers TradingView.

Side by side

Pricing is the lowest verified figure per account type from the Spread Meter dataset; every other field is read from the broker’s own record.

Broker trading conditions compared

Criteria	FPFxPro	IC Markets Register
Overall rating		4.7
Overall score	—	8.9/10
Regulation	FCA, FSCA, SCB, FSA Seychelles	ASIC, FSA (Seychelles)
Pricing by account type	Standard·Not providedCommission $0 ECN(cTrader)·Not providedCommission $4.50 per lot round turn	Standard·From 0.8 pipsCommission $0 ECN(Raw Spread (cTrader))·From 0.0 pipsCommission US$3.00 per US$100k/side
Minimum deposit	$100	$0
Leverage		1:30 for ASIC retail clients; far higher under the Seychelles entity
Platforms	MT4, MT5, cTrader, FxPro Platform	MT4, MT5, cTrader, TradingView
Account types	Standard, Raw+, cTrader, VIP	Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader), Raw Pro, Raw Pro+
Markets	Forex, Stock CFDs, Indices, Commodities, ETFs, Crypto CFDs	Forex, Indices, Commodities, Shares, Bonds, Crypto CFDs
Payment methods		Bank transfer, Visa / Mastercard, PayPal, Skrill, Neteller
Best for	Multi-platform CFD traders	Raw-spread trading
Open an account		Register

FP

FxPro

IC Markets

Overall rating

FxPro

IC Markets4.7

Overall score

FxPro—

IC Markets8.9/10

Regulation

FxProFCA, FSCA, SCB, FSA Seychelles

IC MarketsASIC, FSA (Seychelles)

Pricing by account type

FxPro

• Standard·Not providedCommission $0
• ECN(cTrader)·Not providedCommission $4.50 per lot round turn

IC Markets

• Standard·From 0.8 pipsCommission $0
• ECN(Raw Spread (cTrader))·From 0.0 pipsCommission US$3.00 per US$100k/side

Minimum deposit

FxPro$100

IC Markets$0

Leverage

FxPro

IC Markets1:30 for ASIC retail clients; far higher under the Seychelles entity

Platforms

FxProMT4, MT5, cTrader, FxPro Platform

IC MarketsMT4, MT5, cTrader, TradingView

Account types

FxProStandard, Raw+, cTrader, VIP

IC MarketsStandard, Raw Spread (MT4/MT5), Raw Spread (cTrader), Raw Pro, Raw Pro+

Markets

FxProForex, Stock CFDs, Indices, Commodities, ETFs, Crypto CFDs

IC MarketsForex, Indices, Commodities, Shares, Bonds, Crypto CFDs

Payment methods

FxPro

IC MarketsBank transfer, Visa / Mastercard, PayPal, Skrill, Neteller

Best for

FxProMulti-platform CFD traders

IC MarketsRaw-spread trading

Open an account

FxProReview

IC Markets4.7

Register

Review

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