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FP Markets vs IC Markets 2021

Is FP Markets better than IC Markets? After testing 27 of the best forex brokers over five months, FP Markets is better than IC Markets. While FP Markets trails industry leaders in research and education, spreads on MetaTrader are highly competitive, helping FP Markets shine as a low-cost broker for forex and CFDs trading.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature FP Markets IC Markets
Overall 4 4
Commissions & Fees 5 4.5
Offering of Investments 4.5 3.5
Platforms & Tools 4 4
Mobile Trading 4 4
Research 3.5 3.5
Education 3 3.5
Trust Score 81 85
FP Markets Review IC Markets Review
Winner check_circle
The vast majority of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature FP Markets IC Markets
Trust Score 81 85
Year Founded
2005 2007
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
1 1
Tier-3 Licenses
0 1
Authorised in the European Union
Yes No

Tier-1 Licenses (High Trust)

Feature FP Markets IC Markets
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No No
CFTC Registered (USA)
No No

Investments

Feature FP Markets IC Markets
Forex Trading
Yes Yes
CFDs (Total)
8908 230
Forex Pairs (Total)
61 61
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature FP Markets IC Markets
Average Spread EUR/USD - Standard
1.14 (June 2020) 0.8 (July 2020)
All-in Cost EUR/USD - Active
0.61 (August 2020) 0.7 (July 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature FP Markets IC Markets
Minimum Initial Deposit
$100 AUD $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FP Markets IC Markets
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No Yes
DupliTrade
No No
ZuluTrade
No Yes

Trading Tools

Feature FP Markets IC Markets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
Default (MT4/MT5) (default MT4/MT5/cTrader)
Charting - Indicators / Studies (Total)
59 (default MT4/MT5/cTrader)
Charting - Drawing Tools (Total)
Default (MT4/MT5) (default MT4/MT5/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
No Yes

Mobile Trading

Feature FP Markets IC Markets
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
Default (MT4/MT5) (default MT4/MT5/cTrader)
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature FP Markets IC Markets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
Yes Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature FP Markets IC Markets
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
No No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature FP Markets IC Markets
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes No

Overall

Feature FP Markets IC Markets
Overall 4 4
Commissions & Fees 5 4.5
Offering of Investments 4.5 3.5
Platforms & Tools 4 4
Mobile Trading 4 4
Research 3.5 3.5
Education 3 3.5
Trust Score 81 85
FP Markets Review IC Markets Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs IC Markets.

Does FP Markets or IC Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.

Is FP Markets or IC Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Both FP Markets and IC Markets hold 1 global Tier-1 licenses. Both FP Markets and IC Markets hold 1 global Tier-2 licenses. All regulators considered, IC Markets has a Trust Score of 85.00, while FP Markets's Trust Score is 81.00.

Which trading platform is better: FP Markets or IC Markets?
To compare the trading platforms of both FP Markets and IC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, FP Markets offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. FP Markets and IC Markets both offer copy trading. Both FP Markets and IC Markets offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FP Markets and IC Markets offer traders the same number of currency pairs, 61. Forex pairs aside, FP Markets offers traders access to 8908 CFDs while IC Markets has 230 available CFDs, a difference of 8,678.

Overall winner: FP Markets

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Trading CFDs, FX, and cryptocurrencies involve 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. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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