Written by ForexBrokers.com
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.
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.
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
|
FxPro
|
|---|---|---|
| Year Founded | 2007 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
IC Markets is designed for low trading costs. It offers three account types: the commission-free Standard account (average EUR/USD spread about 0.62 pips), and two commission-based Raw Spread accounts on MetaTrader (MT4/MT5) and cTrader. On cTrader, commission is $3.00 per side ($6 round turn) with an average EUR/USD spread of 0.02 pips, putting the all-in cost near 0.62 pips; the MetaTrader Raw Spread account is about 0.72 pips all-in ($3.50 per side, $7 round turn). Active traders who exceed 100 standard lots per month can qualify for discounts, and the minimum deposit for commission accounts is low. IC Markets is rated 5 out of 5 stars for Commissions & Fees and ranks #5 out of 63 brokers.
FxPro’s pricing is generally higher than the industry average, though its cTrader account is its most competitive option. On cTrader, the effective EUR/USD cost is about 1.27 pips (0.37-pip average spread plus a 0.9-pip commission equivalent). On MT4 and MT5 with variable spreads, EUR/USD averages around 1.58 pips on MT4 market execution (about 1.51 pips on MT5) and 1.71 pips on instant execution. Platform rules also differ: cTrader has no minimum distance for stop/limit orders, whereas MetaTrader requires at least 1 pip. FxPro offers an Elite “Active Trader” program with up to 30% discounts, but net costs typically remain higher than top low-cost peers. FxPro is rated 4 out of 5 stars for Commissions & Fees and ranks #33 out of 63 brokers.
Bottom line: IC Markets tends to deliver lower all-in costs than FxPro across both commission-based and spread-only setups, especially on EUR/USD. Traders who prioritize tight spreads and frequent trading may find IC Markets’ Raw Spread and cTrader pricing more cost-effective, while FxPro’s cTrader account can be a fit for those who prefer its platform features despite the higher effective spread.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Minimum Deposit | $200 | $100 |
| Average Spread EUR/USD - Standard | 0.62 | 1.51 |
| All-in Cost EUR/USD - Active | 0.62 | 1.27 |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IC Markets vs FxPro: both support forex trading as CFDs or spot contracts, and both offer copy trading. IC Markets lists 3,583 tradeable symbols compared with 2,249 at FxPro, giving IC Markets the larger overall catalog. FxPro, however, offers more forex pairs (70 vs 61). Neither broker lets you buy U.S.-listed shares directly, but both allow access to exchange-traded shares on certain international markets (not CFDs). For crypto, neither supports buying real coins, yet both let you trade cryptocurrency derivatives.
Ratings for Range of Investments: IC Markets scores 4.5/5 stars and ranks #26 of 63 brokers at ForexBrokers.com, while FxPro earns 4/5 stars and ranks #29. Choose IC Markets if you want the biggest overall symbol list; pick FxPro if you value a slightly wider selection of currency pairs. Both cover copy trading and crypto derivatives but do not offer direct U.S. stock investing or delivered cryptocurrency.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 2249 |
| Forex Pairs (Total) | 61 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
IC Markets vs FxPro: both online brokers offer free virtual demo (paper) accounts, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), web-based platforms, and Windows desktop downloads. Each supports copy trading, and you can place trades directly from charts. The main difference is platform choice: FxPro also offers a proprietary, in-house platform, while IC Markets focuses on third party platforms.
For Trading Platforms and Tools, both are rated 4 out of 5 stars by ForexBrokers.com. Out of 63 brokers, IC Markets ranks #16 and FxPro ranks #17. If you want a familiar MetaTrader setup with web and Windows access plus paper trading and copy trading, either broker works well; pick FxPro if you want an extra proprietary platform option, or IC Markets if you prefer sticking with popular third party platforms.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| 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 |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 30 | 53 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and FxPro both offer mobile trading apps for iPhone and Android, complete with price alerts, real-time quote watchlists, trendline drawing, and auto-saved chart annotations. Where they differ is in convenience and depth: FxPro syncs watchlist symbols across devices and the web, while IC Markets does not. For charting, IC Markets includes 30 technical studies, whereas FxPro offers 65, giving more choices for traders who rely on indicators.
Independent ratings reflect these differences. IC Markets earns 4 stars and ranks 22nd out of 63 brokers for Mobile Trading Apps at ForexBrokers.com. FxPro scores 4.5 stars and ranks 15th. In short, both apps cover the essentials, but FxPro’s broader indicator set and watchlist syncing may appeal more to active traders who move between devices.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
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
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IC Markets and FxPro both deliver beginner-friendly education for forex and CFD trading, with each broker offering at least 10 introductory videos that explain key concepts in plain language. According to ForexBrokers.com, both earn 4 out of 5 stars for Education, with IC Markets ranked #16 out of 63 brokers and FxPro close behind at #18. New traders should find enough step-by-step video lessons at either broker to get started.
Where IC Markets pulls ahead is in ongoing learning: it hosts monthly client webinars and provides 10+ advanced videos for traders who want to level up. FxPro does not run monthly educational webinars and doesn’t match IC Markets on advanced video depth. If you want live sessions and a clearer path from beginner to advanced topics, IC Markets has the edge. If you mainly need beginner videos and a solid introduction, both IC Markets and FxPro fit the bill.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
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
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 93 |
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Both IC Markets and FxPro do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
IC Markets vs FxPro: for deposit and withdrawal methods, FxPro supports ACH/SEPA while IC Markets does not; both brokers accept PayPal, Skrill, and bank wire transfers, with Visa/Mastercard availability unspecified for both.
Please 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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0 of 5| Overall Rating | IC Markets | FxPro | |
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| Trust Score | 84 | 93 | |
| Winner | check_circle | ||
| Review | IC Markets Review | FxPro Review |
| Broker Screenshots | IC Markets | FxPro | |
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| Regulation | IC Markets | FxPro | |
|---|---|---|---|
| Trust Score | 84 | 93 | |
| Year Founded | 2007 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IC Markets | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IC Markets | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 2249 | |
| Forex Pairs (Total) | 61 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 0.62 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.62 | 1.27 | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IC Markets | FxPro | |
|---|---|---|---|
| Minimum Deposit | $200 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | IC Markets | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| 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 | Yes | Yes |
| Trading Tools | IC Markets | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IC Markets | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IC Markets | FxPro | |
|---|---|---|---|
| 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 | Yes | |
| Review | IC Markets Review | FxPro Review |
| Overall | IC Markets | FxPro | |
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| Trust Score | 84 | 93 | |
| Winner | check_circle | ||
| Review | IC Markets Review | FxPro Review |
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