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IC Markets vs FxPro 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs FxPro, 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
FxPro
4.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 93
  • Tradeable Symbols (Total): 2249

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

Founded in 2007, IC Markets is a well-established online broker known for being regulated with two Tier-1 licenses, marking it as a highly trusted entity in the trading world. As a non-bank entity that isn't publicly traded, IC Markets has a Trust Score of 84, making it a reliable choice in the Forex market. It does not hold any Tier-2 licenses, but its strong Tier-1 regulatory standing assures users of a dependable trading environment.

FxPro, on the other hand, was founded a year earlier in 2006 and offers additional assurance with its status as a bank. Not only is it regulated with two Tier-1 licenses, but it also holds one Tier-2 license, providing extra trustworthiness for its clients. Although not publicly traded, FxPro boasts a Trust Score of 93, reflecting a higher level of trust. These factors contribute to its reputation as an attractive option for traders seeking security in the banking sector.

Feature IC Markets logoIC Markets
FxPro logoFxPro
Year Founded info 2007 2006
Publicly Traded (Listed) info No No
Bank info No Yes
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 2

Fees

When comparing IC Markets and FxPro, IC Markets stands out with its competitive trading costs. It offers three types of accounts: the commission-free Standard account, and the commission-based Raw Spread and cTrader Raw Spread accounts. On the cTrader Raw Spread account, commissions are $3.00 per side for every 100,000 units traded, making the effective spread for EUR/USD 0.62 pips. The MetaTrader-linked Raw Spread account charges slightly more at $3.5 per side, resulting in a total cost of 0.72 pips for EUR/USD. IC Markets’ effective pricing, especially in its commission-based accounts, earned it a 5-star rating and a commendable #5 ranking for Commissions & Fees among 63 brokers.

FxPro, on the other hand, implements a pricing strategy that is slightly above the industry average, with less favorable trading costs compared to its peers. It offers variable spreads on its MT4 and MT5 platforms, with EUR/USD average spreads being notably higher than IC Markets'. FxPro's most competitive offering is on its cTrader platform, with the effective spread for EUR/USD being about 1.27 pips. While FxPro has a solid Active Trader program offering discounts up to 30%, the net benefit still lags behind leaders in the industry. Consequently, FxPro receives a 4-star rating and ranks #32 in the Commissions & Fees category among brokers.

Overall, while both brokers offer comprehensive trading platforms, IC Markets clearly excels in providing lower trading costs, making it a more attractive option for traders seeking value in commissions and fees. FxPro, despite offering competitive features on its cTrader platform, does not quite match the cost-effectiveness presented by IC Markets, especially for those focused on keeping trading expenses down.

Feature IC Markets logoIC Markets
FxPro logoFxPro
Minimum Deposit info $200 $100
Average Spread EUR/USD - Standard info 0.62 info 1.51 info
All-in Cost EUR/USD - Active info 0.62 info 1.27 info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info Yes Yes
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

IC Markets and FxPro both provide forex trading options in the form of CFDs or spot contracts, making them similar in this aspect. However, IC Markets offers a more extensive selection of tradeable symbols, with 3,583 available compared to FxPro's 2,249. When it comes to forex pairs specifically, FxPro edges ahead with 70 pairs versus 61 at IC Markets. While neither platform offers exchange-traded securities on U.S. exchanges, both allow trading on international exchanges, such as shares in Vodafone from the London Stock Exchange.

For those interested in copy trading, both IC Markets and FxPro have suitable options. However, neither platform offers the purchase of actual cryptocurrencies, limiting investments to cryptocurrency derivatives. According to ratings, IC Markets holds a slight advantage with 4.5 stars for their range of investments, while FxPro holds a 4-star rating. In rankings, IC Markets is positioned at #25, slightly ahead of FxPro, which is ranked #28 out of 63 brokers according to ForexBrokers.com.

Feature IC Markets logoIC Markets
FxPro logoFxPro
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 2249
Forex Pairs (Total) info 61 70
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes Yes
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

Both IC Markets and FxPro cater to traders looking for advanced trading platforms and tools. IC Markets and FxPro each offer free virtual demo accounts, allowing traders to practice without risk. While IC Markets does not have its own proprietary platform, FxPro does, bolstering its portfolio of user-friendly options. Both brokers support popular Windows-based desktop platforms and offer web-based alternatives for versatile trading experiences. They provide ample opportunities for copy trading and support for MetaTrader 4 and MetaTrader 5, with IC Markets also offering ZuluTrade—a feature FxPro does not include.

Charting tools are comprehensive with both brokers, though FxPro offers a more extensive range of drawing tools with 25 compared to IC Markets' 15. Both brokers allow trading directly from stock charts and maintain organized watchlists, with IC Markets providing a slight edge with seven fields compared to FxPro's six. Both brokers are rated four stars for their trading platforms and tools, with IC Markets ranking slightly higher at #16 while FxPro follows closely at #17 according to ForexBrokers.com. These ratings highlight the similar yet distinct strengths of each broker, ensuring traders have reliable resources at their disposal.

Feature IC Markets logoIC Markets
FxPro logoFxPro
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 53
Charting - Drawing Tools (Total) info 15 25
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 6
View More

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

Forex trading apps

When it comes to mobile trading apps, both IC Markets and FxPro offer convenient platforms for iPhone and Android users. Each app caters to traders with essential features such as price alerts and the ability to draw trendlines on forex or stock charts. However, a key difference is in the syncing of watchlist symbols. FxPro provides seamless syncing between its mobile app and online accounts, ensuring your watchlists are updated across devices, whereas IC Markets does not offer this feature.

In terms of charting capabilities, FxPro significantly shines by offering 65 technical studies on its app, compared to IC Markets' 30 studies. Both platforms support viewing multiple time frames and auto-saving chart drawings. For those focused on app ratings, FxPro edges out with a 4.5-star rating and ranks 15th out of 63 brokers according to ForexBrokers.com, surpassing IC Markets which holds a 4-star rating and ranks 22nd. Overall, FxPro might appeal more to traders seeking advanced charting options and streamlined cross-device experience.

Feature IC Markets logoIC Markets
FxPro logoFxPro
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 65
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

IC Markets and FxPro both excel in offering daily market commentary and provide forex news from top-tier sources like Bloomberg and Reuters. While both brokers incorporate tools from Trading Central and sentiment-based features to gauge long or short positions, they differ when it comes to specialized technical tools. IC Markets offers analysis tools from Autochartist, giving users extra capabilities for technical analysis, whereas FxPro does not. Both brokers equip traders with an economic calendar to track global news events, ensuring traders are well-informed on market-moving events.

Despite their similarities, IC Markets edges slightly ahead with tools from Autochartist and ranks higher with a 23rd place for research among 63 brokers, compared to FxPro’s 26th position. Both brokers achieve a commendable 4-star rating for research availability. However, neither IC Markets nor FxPro offers research tools from TipRanks or Acuity Trading, leaving that area untapped. Overall, both brokers provide solid resources to assist both novice and experienced traders in making informed decisions.

Feature IC Markets logoIC Markets
FxPro logoFxPro
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes Yes
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 exploring educational resources for beginners in the forex and CFDs trading landscape, both IC Markets and FxPro offer comprehensive materials that cater to novice traders. Both brokers provide a variety of educational content, including articles, videos, and archived webinars focused on forex and CFDs education. IC Markets stands out by offering live monthly webinars, allowing participants to engage in interactive learning sessions. While both platforms have searchable archives of past webinars, IC Markets ensures fresh, live content on a monthly basis.

In terms of video content for beginners, both brokers deliver more than 10 instructional videos, making them valuable resources for new traders. However, IC Markets edges ahead with its offering of advanced educational videos, which are missing from FxPro’s lineup. Both platforms provide investor dictionaries packed with over 50 investing terms. Despite both being rated 4 stars for their educational services, IC Markets is ranked slightly higher (#16) compared to FxPro (#18) by ForexBrokers.com among 63 brokers—a small indicator of its edge in educational depth and delivery.

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

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 FxPro. IC Markets finished with an overall rank of #20, while FxPro finished with an overall rank of #21.

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
FxPro logoFxPro
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 84 93
Range of Investments 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or FxPro?

Both IC Markets and FxPro do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.

What funding options does each broker offer?

IC Markets and FxPro both provide a variety of deposit and withdrawal options, including PayPal, Skrill, Visa, Mastercard, and bank wires, but only FxPro offers the additional convenience of ACH or SEPA transfers.




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 FxPro
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 84 93
Winner check_circle
Review IC Markets Review FxPro Review
Broker Screenshots IC Markets FxPro
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 FxPro
Trust Score info 84 93
Year Founded info 2007 2006
Publicly Traded (Listed) info No No
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 2
Tier-1 Licenses (Highly Trusted) IC Markets FxPro
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 Yes
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 FxPro
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments IC Markets FxPro
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 2249
Forex Pairs (Total) info 61 70
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes Yes
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 FxPro
Average Spread EUR/USD - Standard info 0.62 info 1.51 info
All-in Cost EUR/USD - Active info 0.62 info 1.27 info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding IC Markets FxPro
Minimum Deposit info $200 $100
PayPal (Deposit/Withdraw) info Yes Yes
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 Yes
Trading Platforms IC Markets FxPro
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 FxPro
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 6
Charting - Indicators / Studies (Total) info 30 53
Charting - Drawing Tools (Total) info 15 25
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IC Markets FxPro
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 Yes
Mobile Charting - Indicators / Studies info 30 65
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 FxPro
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education IC Markets FxPro
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs IC Markets FxPro
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 FxPro Review
Overall IC Markets FxPro
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 84 93
Winner check_circle
Review IC Markets Review FxPro Review
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