Written by ForexBrokers.com
In this head to head comparison of FxPro vs IC Markets, 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.
FxPro (founded 2006) and IC Markets (founded 2007) are online brokers with different trust profiles. ForexBrokers.com gives FxPro a Trust Score of 93 (90–99 = highly trusted) and IC Markets an 83 (80–89 = trusted). On this scale, 70–79 means average risk, 60–69 high risk, and below 59 not trusted.
Neither broker is publicly traded. According to the provided details, FxPro is a bank while IC Markets is not. In terms of regulation, both hold two Tier-1 licenses (considered highly trusted by ForexBrokers.com). FxPro also holds one Tier-2 license (trusted), whereas IC Markets holds none—helping explain why FxPro scores higher in this comparison.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Year Founded | 2006 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
When comparing commissions and fees, IC Markets comes out ahead of FxPro for most cost-conscious traders. IC Markets has a 5-star rating and ranks #4 out of 36 brokers for Commissions and Fees on ForexBrokers.com, while FxPro holds a 4-star rating and ranks #31 out of 36. In simple terms, IC Markets is generally the cheaper choice, especially for traders who want low spreads and commission-based pricing.
FxPro’s trading costs are higher than the industry average, with its best pricing found on the cTrader platform. On EUR/USD, FxPro’s cTrader pricing works out to about 1.27 pips all-in, while MT4 and MT5 variable-spread accounts are typically higher. FxPro does offer an Active Trader program through its Elite account, with discounts of up to 30%, but its overall pricing still tends to trail low-cost rivals like IC Markets.
IC Markets is known for tight spreads and low commission rates across its account types. It offers a commission-free Standard account, plus Raw Spread and cTrader Raw Spread accounts for traders who prefer spread-plus-commission pricing. On its cTrader Raw Spread account, IC Markets lists an average EUR/USD spread of 0.02 pips, with an estimated all-in cost of about 0.62 pips after commission, which helps explain why it ranks so much higher than FxPro in this category.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $200 |
| Average spread (EUR/USD) - Spread-only account | 1.44 | 0.8 |
| All-in Cost EUR/USD - Raw spread account | 0.92 | 0.72 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FxPro and IC Markets both give traders access to forex as CFDs or spot contracts, and both support copy trading and cryptocurrency CFDs rather than direct crypto ownership. Neither broker lets U.S. clients buy exchange-traded stocks outright, but FxPro does stand out by offering exchange-traded securities on international exchanges, such as shares listed outside the U.S. When it comes to choice, FxPro lists 2,278 tradeable symbols and 75 forex pairs, while IC Markets offers a much larger overall selection with 7,435 tradeable symbols, though fewer forex pairs at 61.
For range of investments, IC Markets edges ahead overall with a 4.5-star rating versus FxPro’s 4 stars, and it also ranks slightly higher in ForexBrokers.com’s review, coming in at #22 out of 36 brokers compared with FxPro at #24. In simple terms, IC Markets gives you a wider menu of markets to trade, while FxPro offers a slightly broader forex pair list and the added option of international exchange-traded securities.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2278 | 7435 |
| Forex Pairs (Total) | 75 | 61 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FxPro and IC Markets are very similar when it comes to trading platforms and tools. Both brokers offer free demo accounts for paper trading, plus the popular MetaTrader 4 and MetaTrader 5 platforms, along with desktop downloads for Windows and web-based trading in a browser. Each also supports copy trading and lets you place trades directly from a chart, which can make trading easier for beginners and active traders alike. Neither broker offers its own in-house platform, so traders will be using third-party software instead.
When it comes to ratings, both FxPro and IC Markets receive 4 out of 5 stars for Trading Platforms and Tools. ForexBrokers.com ranks IC Markets slightly higher at #17 out of 36 brokers, while FxPro sits at #18. In practice, the difference is small, so your choice may come down to personal preference for the trading experience, platform layout, or the tools you prefer to use.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 53 | 32 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and IC Markets both offer mobile trading apps for iPhone and Android, along with price alerts, trendline drawing, and auto-saving chart drawings. This means both brokers give traders the basic tools needed to follow the market and manage trades on the go. For everyday mobile use, either app covers the essentials well.
Where FxPro stands out is in charting and account syncing. Its app includes 65 technical studies, compared with 32 at IC Markets, and it also syncs watchlists between the mobile app and online account, while IC Markets does not. FxPro is rated 4.5 out of 5 stars for mobile trading apps and ranks #15 out of 36 brokers on ForexBrokers.com, ahead of IC Markets, which is rated 4 stars and ranks #22.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 32 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FxPro and IC Markets both give traders daily market commentary, Trading Central tools, and an economic calendar, and each earns a 4-star Research rating. Where IC Markets pulls ahead is in added market insights: it includes forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus TipRanks and a sentiment tool that shows long-versus-short positioning. IC Markets is also ranked slightly higher for Research by ForexBrokers.com, at #21 out of 36 brokers, compared with FxPro at #23.
FxPro still offers useful research support through Autochartist, which IC Markets does not provide. However, FxPro lacks top-tier news coverage, sentiment data, and TipRanks, so its research offering is a bit more limited overall. For traders who want more built-in news and market sentiment, IC Markets has the edge, while FxPro may appeal to those who value Autochartist and prefer a simpler research setup.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning tools, both FxPro and IC Markets offer a solid starting point for forex and CFD education, with each providing at least 10 beginner-focused videos and an overall Education rating of 4 out of 5 stars. FxPro also offers enough forex or CFD education content to meet the basic benchmark, and it holds a respectable #17 ranking out of 36 brokers for Education.
IC Markets edges ahead slightly for learners who want more ongoing support and deeper material. It also meets the forex or CFD education benchmark, offers monthly online webinars, and provides at least 10 advanced educational videos for more experienced traders. That extra range helps explain why IC Markets ranks just ahead of FxPro at #16 out of 36 for Education, making it the slightly stronger choice for users who want both beginner and more advanced learning options.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FxPro is better than IC Markets. FxPro finished with an overall rank of #20, while IC Markets finished with an overall rank of #21.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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IC Markets
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| Overall Rating |
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| Trust Score | 93 | 83 |
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In the FxPro vs IC Markets comparison for crypto trading, neither broker supports buying actual (delivered) cryptocurrencies, but both allow trading cryptocurrency CFDs.
FxPro vs IC Markets: FxPro supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, while IC Markets lacks ACH/SEPA but supports PayPal, Skrill, and bank wires; Visa/Mastercard availability is not specified for either broker.
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 | FxPro | IC Markets | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review | IC Markets Review |
| Broker Screenshots | FxPro | IC Markets | |
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| Regulation | FxPro | IC Markets | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 2006 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | FxPro | IC Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | FxPro | IC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FxPro | IC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2278 | 7435 | |
| Forex Pairs (Total) | 75 | 61 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FxPro | IC Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.44 | 0.8 | |
| All-in Cost EUR/USD - Raw spread account | 0.92 | 0.72 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FxPro | IC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $200 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | FxPro | IC Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes |
| Trading Tools | FxPro | IC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 53 | 32 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | IC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FxPro | IC Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | IC Markets | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | FxPro | IC Markets | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | FxPro Review | IC Markets Review |
| Overall | FxPro | IC Markets | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review | IC Markets Review |
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