FP Markets vs IC Markets Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 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, IC 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 23 international regulator databases. Here's our findings. Both FP Markets and IC Markets hold 1 global Tier-1 licenses. FP Markets holds 2 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, FP Markets and IC Markets earned the same Trust Score.
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 FP 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. Both FP Markets and IC Markets offer MetaTrader 4 (MT4).FP Markets and IC Markets both offer copy trading.
How many forex pairs and CFDs are available to trade?
FP Markets provides traders 71 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. Forex pairs aside, FP Markets offers traders access to 10000 CFDs while IC Markets has 3583 available CFDs, a difference of 6417.
Can I trust FP Markets?
FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).
Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).
Is FP Markets good?
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
Is IC Markets good?
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
Overall winner: FP Markets
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.