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IC Markets vs FXPrimus 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs FXPrimus, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
FXPrimus
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 71
  • Tradeable Symbols (Total): 140

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

IC Markets and FXPrimus are both well-established online brokers with IC Markets founded in 2007 and FXPrimus in 2009. Neither of the brokers is publicly traded or operates as a bank. While not listed on a stock exchange, IC Markets holds two Tier-1 licenses, which are considered highly trusted, giving it a ForexBrokers.com Trust Score rating of 84 out of 99. Meanwhile, FXPrimus holds one Tier-1 license, contributing to its Trust Score rating of 71, categorizing it under average risk according to ForexBrokers.com standards. These Trust Scores suggest IC Markets as a more trusted option compared to FXPrimus.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Year Founded info 2007 2009
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1

Fees

IC Markets vs FXPrimus on commissions and fees: IC Markets stands out with 5/5 stars and a #5 ranking out of 63 brokers for this category, earning Best in Class honors in 2024. FXPrimus holds 4/5 stars and is ranked #43 out of 63. If transparent, low-cost trading is your priority, IC Markets generally comes in ahead based on the data available.

IC Markets lists three account types: the commission-free Standard account (spread-only), plus Raw Spread options on MetaTrader (MT4/MT5) and cTrader. On cTrader, the commission is $3.00 per side per 100,000 units ($6 round turn), while MT4/MT5 Raw charges $3.50 per side ($7 round turn). IC Markets’ average EUR/USD raw spread was 0.02 pips (Aug 2022); adding commission puts the all-in cost near 0.62 pips on cTrader (about 0.72 pips on MT4/MT5 Raw). The Standard account averages about 0.62 pips with no commission. Spreads can vary by platform, account, and IC Markets entity (EU/Cyprus, Australia, or Seychelles). Active traders can qualify for discounts above 100 standard lots per month, and the low deposit requirement helps you access commission pricing.

FXPrimus does not publish average spread data, which makes it harder to estimate typical all-in trading costs next to IC Markets’ detailed pricing. With a 4/5 star rating and a #43 ranking for commissions and fees, FXPrimus is competitive but not a leader in this area. Cost-focused traders may prefer IC Markets’ clear, low effective spreads, while anyone considering FXPrimus should check its latest commissions, spreads, and swap/financing charges before trading.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Minimum Deposit info $200 $100
Average spread (EUR/USD) - Standard account info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IC Markets offers a much wider range of investments than FXPrimus. You’ll find 3,583 tradeable symbols at IC Markets versus 140 at FXPrimus, and 61 forex pairs compared with 42. Both brokers let you trade forex as CFDs or spot, support copy trading, and offer cryptocurrency CFDs (but not actual crypto purchases). Neither broker lets you buy U.S.-listed shares directly, but IC Markets does provide access to exchange-traded international shares, while FXPrimus does not.

On range of investments, IC Markets earns 4.5 out of 5 stars and ranks 26th out of 63 brokers at ForexBrokers.com. FXPrimus scores 3.5 stars and ranks 60th. If you want the widest selection of markets and access to international shares, IC Markets has the edge; FXPrimus may suit traders who prefer a simpler lineup.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 140
Forex Pairs (Total) info 61 42
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

IC Markets and FXPrimus both cover the essentials for modern trading platforms and tools. Each broker offers a free demo account for practice, web and Windows desktop platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and the ability to place trades directly from charts. That means you can test strategies, trade in a browser or on desktop, and use the widely known MetaTrader suite with social and chart-trading features at either broker.

The key difference is platform choice: IC Markets does not have a proprietary platform, while FXPrimus does alongside MetaTrader. In independent testing, both brokers earned 4 stars for Trading Platforms and Tools, but ForexBrokers.com ranks IC Markets higher (#16 of 63) than FXPrimus (#50 of 63). If you want MetaTrader-focused access with a stronger category ranking, IC Markets stands out; if you prefer the option of a broker-built platform, FXPrimus offers that path.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

IC Markets and FXPrimus both offer mobile trading apps for iPhone and Android. Each app includes price alerts, 30 technical studies for charting, trendline drawing, and auto-saved chart annotations. A key limitation for both is the lack of watchlist syncing between the mobile app and the web platform, so changes made in one place won’t carry over to the other.

Both brokers earn 4 out of 5 stars for their mobile apps, but their standings differ: according to ForexBrokers.com, IC Markets ranks #22 out of 63 brokers, while FXPrimus sits at #49. If a higher-ranked mobile experience matters, IC Markets has the edge; if you just need core features like alerts and solid charting on the go, either app will do the job.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing market research, both IC Markets and FXPrimus provide daily market commentary and an economic calendar. IC Markets goes further with forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, which FXPrimus does not offer. Based on ForexBrokers.com, IC Markets earns 4 stars for research and ranks 23rd out of 63 brokers, while FXPrimus holds 3 stars and ranks 59th.

IC Markets also includes helpful third-party tools such as Autochartist and Trading Central, plus a sentiment tool that shows the ratio of long and short positions—none of which are listed for FXPrimus. IC Markets does not offer TipRanks or Acuity Trading tools; availability for these at FXPrimus was not specified in the provided data. For traders who want premium news and extra research tools, IC Markets is the stronger pick, while both brokers cover basic needs like commentary and a calendar.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info Yes No
Client sentiment data info Yes No
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing IC Markets vs FXPrimus for beginner education: both brokers host ongoing client webinars (at least one per month), which helps you learn in real time. IC Markets goes further with on-demand lessons, offering 10+ beginner videos plus 10+ advanced videos that guide you from basics to more complex topics. FXPrimus also provides learning materials and webinars, but it does not match IC Markets’ volume of beginner or advanced videos, so newcomers will find fewer step-by-step videos to follow.

Independent ratings reflect this gap. IC Markets earns 4 stars for Education and ranks 16th out of 63 brokers at ForexBrokers.com. FXPrimus holds 3 stars and ranks 51st out of 63. If you want a larger, structured video library alongside regular webinars, IC Markets is the stronger pick; if you mainly want live sessions with a lighter set of materials, FXPrimus can still work.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than FXPrimus. IC Markets finished with an overall rank of #20, while FXPrimus finished with an overall rank of #53.

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.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 84 71
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or FXPrimus?

In the IC Markets vs FXPrimus comparison for crypto trading, neither online broker lets you buy actual (delivered) cryptocurrency, but both brokers do offer cryptocurrency CFD trading.

What funding options does each broker offer?

IC Markets vs FXPrimus: both brokers do not support ACH or SEPA transfers, both support bank wire and Skrill, IC Markets additionally supports PayPal while FXPrimus does not, and Visa/Mastercard availability is not specified for either.

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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.

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Overall Rating IC Markets FXPrimus
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 71
Winner check_circle
Review IC Markets Review
Broker Screenshots IC Markets FXPrimus
Broker Gallery (click to expand) info
IC Markets cTrader mobile app charting IC Markets EU cTrader desktop trading platform layout IC Markets webinar IC Your Trade YouTube video series. IC Markets Educational content blog articles.
Regulation IC Markets FXPrimus
Trust Score info 84 71
Year Founded info 2007 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1
Tier-1 Licenses (Highly Trusted) IC Markets FXPrimus
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) IC Markets FXPrimus
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments IC Markets FXPrimus
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 140
Forex Pairs (Total) info 61 42
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost IC Markets FXPrimus
Average spread (EUR/USD) - Standard account info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Inactivity Fee info No No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding IC Markets FXPrimus
Minimum Deposit info $200 $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms IC Markets FXPrimus
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes Yes
Trading Tools IC Markets FXPrimus
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IC Markets FXPrimus
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research IC Markets FXPrimus
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info Yes No
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education IC Markets FXPrimus
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs IC Markets FXPrimus
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review IC Markets Review
Overall IC Markets FXPrimus
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 71
Winner check_circle
Review IC Markets Review
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