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 account | 0.62 | 1.6 |
| All-in Cost EUR/USD - Active | 0.62 | 1.3 |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IC Markets vs FxPro for range of markets: IC Markets lists 3,583 tradeable symbols, while FxPro offers 2,249. If your focus is forex pairs, FxPro edges ahead with 70 pairs compared with IC Markets’ 61. Both brokers support forex trading via CFDs/spot and offer cryptocurrency CFDs, but neither lets you buy actual crypto.
When it comes to real shares, neither broker offers U.S.-listed stocks, but both provide access to exchange-traded securities on select international exchanges. Copy trading is available at both. For Range of Investments, ForexBrokers.com rates IC Markets at 4.5 stars (ranked #26 of 63) and FxPro at 4 stars (ranked #29 of 63). Choose IC Markets if you want the widest overall instrument list; pick FxPro if you want the most forex pairs.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 2249 |
| Forex Pairs (Total) | 61 | 70 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| 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.
IC Markets vs FxPro: both online brokers check key boxes for trading platforms and tools. Each offers a free demo (paper) account, desktop software for Windows, a web-based platform, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both also let you place trades directly from charts. The main platform difference is that FxPro provides its own proprietary platform, while IC Markets does not. According to ForexBrokers.com, both earn 4 stars for Platforms and Tools, with IC Markets ranked #16 out of 63 brokers and FxPro close behind at #17.
If you want MetaTrader on desktop or in a browser, either broker will suit you. Choose FxPro if you prefer having an extra, in-house platform option; pick IC Markets if you’re fine sticking with MetaTrader and third‑party tools. Both brokers support demo trading for testing strategies and exploring features before you commit real money. Specific counts for technical indicators and watch list columns were not provided.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| 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) | 30 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and FxPro both offer iPhone and Android trading apps with price alerts, trendline drawing, and auto-saved chart annotations. Key differences are charting depth and syncing: FxPro provides 65 technical studies and syncs watchlists with your online account, while IC Markets includes 30 studies and does not sync watchlists. FxPro also scores higher for Mobile Trading Apps (4.5/5) and ranks better (#15 of 63 at ForexBrokers.com) than IC Markets (4/5, #22).
Pick FxPro if you want more advanced chart analysis on mobile and seamless watchlist sync across devices. IC Markets is a good choice if you mainly need core tools and alerts without extra bells and whistles. Both apps are well suited for trading on the go.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IC Markets vs FxPro for beginner education: both brokers offer at least 10 beginner-friendly trading videos that cover core forex and CFD topics, making it easy to start learning. IC Markets stands out by running monthly live educational webinars, while FxPro does not offer client webinars. IC Markets also provides 10 or more advanced trading videos for when you’re ready to level up, whereas FxPro falls short on advanced video depth.
Despite these differences, both are rated 4 out of 5 stars for Education by ForexBrokers.com. IC Markets holds a slight edge in the rankings at 16th out of 63 brokers, compared to FxPro at 18th. If live lessons and room to grow matter to you, IC Markets is the stronger pick; if you just need a solid set of beginner videos, FxPro can still fit the bill.
| Feature |
IC Markets
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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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IC Markets vs FxPro: Both online brokers do not offer buying actual (delivered) cryptocurrencies, but they each provide cryptocurrency CFDs so traders can speculate on crypto price movements without owning the coins.
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 (FSA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| 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 | IC Markets | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.62 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.62 | 1.3 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order 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 | |
| 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 [DELETED] | |||
| Mobile Watchlists - 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 (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | 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 [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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