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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

When it comes to trading costs, IC Markets stands out with its low effective spreads and minimal deposit requirements in its commission-based accounts. This makes IC Markets comparable to some of the top low-cost forex brokers like IG and CMC Markets. Offering three types of accounts—Standard, Raw Spread, and cTrader Raw Spread—IC Markets accommodates different trading preferences. While the Standard account features commission-free trading with an average spread of 0.62 pips, the Raw Spread accounts using MetaTrader or cTrader present more competitive commission structures. The cTrader-linked account charges a lower commission at $3.0 per side for every 100,000 units, as opposed to $3.5 per side on the MetaTrader Raw Spread account. IC Markets' effective spreads further enhance its appeal by listing an average spread on EUR/USD at 0.02 pips, which translates to a total cost of 0.62 pips on cTrader and 0.72 on MetaTrader after including commissions. Rated 5 stars for its commissions and fees, IC Markets ranks fifth among 63 brokers in the 2024 Annual Awards, highlighting its cost-effective trading options.

FXPrimus, meanwhile, offers a varied trading experience but lacks specific average spread data for easy comparison with its competitors. While not as competitively priced as IC Markets, FXPrimus still holds a respectable position with a 4-star rating in commissions and fees. However, its overall rank of 42 out of 63 brokers reflects room for improvement to catch up with industry leaders like IC Markets. Traders exploring FXPrimus will likely find a solid, if not stellar, choice for their trading endeavors, but should be aware that its pricing metrics are less transparent than those offered by IC Markets.

In summary, IC Markets comes out ahead in terms of lower commissions and transparent cost structures, making it a favored choice for cost-conscious traders. With tailored account options and platform choices, IC Markets gives traders the flexibility to optimize their trading expenses, while topping customer reviews with a 5-star rating and a high industry rank. FXPrimus, though reliable, falls short in these aspects, with a commendable 4-star rating and a mid-range ranking that reflects its potential yet current competitive drawbacks in the market landscape.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Minimum Deposit info $200 $100
Average Spread EUR/USD - Standard info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing IC Markets and FXPrimus for their available range of investments, both platforms allow users to engage in forex trading through CFDs or spot contracts. However, a closer look reveals significant differences in the variety of offerings. IC Markets provides a substantial selection with 3,583 tradeable symbols and 61 forex pairs, whereas FXPrimus offers 140 tradeable symbols and 42 forex pairs. Neither company offers exchange traded securities on U.S. exchanges, but IC Markets provides the added benefit of offering international exchanges, allowing users to invest in companies like Vodafone on the London Stock Exchange. Both platforms support cryptocurrency trading through derivatives, yet neither offers the option to purchase actual cryptocurrencies.

In terms of copy trading features, both IC Markets and FXPrimus equip investors with this useful tool. However, IC Markets stands out with a higher rating, earning 4.5 stars compared to FXPrimus' 3.5 stars for their range of investments. This distinction is further highlighted by their rankings from ForexBrokers.com, where IC Markets is positioned at 25 out of 63 brokers—an impressive rank relative to FXPrimus, which ranks at 59. For investors looking for a broad spectrum of investment opportunities, IC Markets presents a more diverse and highly-rated option compared to FXPrimus.

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. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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

When comparing the trading platforms and tools of IC Markets and FXPrimus, both brokers offer a range of features designed to enhance the trading experience. Both platforms provide access to virtual demo accounts, allowing users to practice without financial risk. While neither broker has developed their own proprietary platform, they both provide Windows-based desktop platforms and web-based trading options for convenient access. Additionally, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available on both platforms, catering to popular demand among traders. However, IC Markets sets itself apart with support for ZuluTrade for social trading, a feature not offered by FXPrimus. In terms of charting capabilities, both brokers provide 15 drawing tools and the ability to trade directly from stock charts, offering a comparable experience for technical analysis enthusiasts.

Despite several similar features, IC Markets and FXPrimus differ in their approach to trading technologies. FXPrimus uniquely offers a proprietary platform, giving it a distinct edge for those interested in broker-developed solutions. Both brokers allow for copy trading, yet IC Markets is better positioned for those who value additional integration with ZuluTrade. Users interested in custom watch lists will find both platforms evenly matched, offering seven columns for fields. While both brokers are rated four stars for their trading platforms and tools, IC Markets ranks higher at #16 out of 63 brokers on ForexBrokers.com, compared to FXPrimus' #49 ranking, reflecting a slight edge in overall platform appeal and functionality.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info Yes No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

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

Forex trading apps

IC Markets and FXPrimus both offer their clients the convenience of mobile trading apps compatible with iPhone and Android devices. Both apps allow users to set stock and forex price alerts and create watchlists with real-time quotes. With 30 technical studies available for charting, users of both platforms can also draw trend lines and view various time frames on their charts. However, neither app supports watchlist symbol syncing, so changes made in the app do not automatically sync with your online account. Fortunately, both platforms auto-save your chart drawings, ensuring your technical analysis remains intact.

When it comes to user reviews, both IC Markets and FXPrimus mobile trading apps receive a solid 4-star rating. Nevertheless, IC Markets stands out in rankings, placing as the 22nd best among 63 brokers in the Mobile Trading Apps category according to ForexBrokers.com, while FXPrimus ranks 48th. This suggests that while both platforms offer similar fundamental features, IC Markets might provide a slightly more favorable mobile trading experience.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Both IC Markets and FXPrimus provide daily market commentary and economic calendars, keeping traders informed of current and upcoming global news events. However, IC Markets distinguishes itself by offering forex news from leading sources such as Bloomberg and Reuters, which is a feature FXPrimus lacks. Additionally, IC Markets provides an array of advanced analysis tools from renowned companies like Autochartist and Trading Central. These tools empower traders with technical and fundamental insights that FXPrimus does not offer in its platform. Moreover, IC Markets offers a unique sentiment-based trading tool that displays the ratio of long or short positions across various instruments, enriching the trading decision process.

When it comes to market research, IC Markets is rated four stars compared to FXPrimus’s three stars. This rating is reflective of the comprehensive research resources that IC Markets extends to traders, compared to FXPrimus. In the ForexBrokers.com rankings, IC Markets stands at #23 out of 63 brokers for research, whereas FXPrimus ranks at #58. While both brokers equip traders with fundamental market commentaries and calendars, IC Markets offers a broader range of research tools, reinforcing its higher standing and appeal for those seeking detailed market analysis.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing IC Markets and FXPrimus on the educational resources they offer to beginner traders, IC Markets stands out with more extensive offerings. Both platforms provide at least ten educational pieces focused on forex and CFDs, including articles, videos, and archived webinars, and they host regular online webinars. However, IC Markets goes a step further by providing a searchable archive of these webinars, making it easier for beginners to find the information they need at any time. Also, IC Markets offers more targeted educational content; they provide over ten beginner-friendly videos specifically catering to newcomers, whereas FXPrimus does not meet this benchmark.

Moreover, IC Markets caters to more advanced traders with more than ten educational videos designed for experienced users, while FXPrimus lacks this depth. A further advantage for IC Markets is their comprehensive investor dictionary, which contains definitions for over 50 trading terms, offering a valuable resource for those new to the language of trading. This extensive suite of resources is reflected in their education rating, where IC Markets earns four out of five stars, compared to FXPrimus's three stars. In rankings published by ForexBrokers.com, IC Markets holds a more favorable position at number 16 out of 63 brokers, compared to FXPrimus, which ranks at 51. Overall, IC Markets provides a richer educational experience for beginner traders seeking guidance in forex and CFDs trading.

Feature IC Markets logoIC Markets
FXPrimus logoFXPrimus
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) 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?

Both IC Markets and FXPrimus do not provide the option to buy actual cryptocurrencies but do offer trading in cryptocurrency derivatives.

What funding options does each broker offer?

In comparing the online brokers IC Markets and FXPrimus, both lack ACH and SEPA transfer options but offer secure transactions through Skrill, Visa, Mastercard, and bank wires, although IC Markets additionally supports PayPal while FXPrimus does not.




announcementPlease note:

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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Compare

0 of 5
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
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
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 No No
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 No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
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. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
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
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IC Markets FXPrimus
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes Yes
DupliTrade info No No
ZuluTrade info Yes No
Trading Tools IC Markets FXPrimus
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
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 Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research IC Markets FXPrimus
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education IC Markets FXPrimus
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs IC Markets FXPrimus
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
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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