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 FxPro vs. IC Markets on commissions and fees, IC Markets comes out ahead for most cost-focused traders. FxPro’s pricing is above the industry average, with its best value on the cTrader platform, where EUR/USD trading works out to about 1.27 pips all-in. FxPro also offers variable spreads on MT4 and MT5, plus an Active Trader program that can cut costs by up to 30% for Elite clients. Still, FxPro is rated 4 stars and ranked #30 out of 36 brokers for commissions and fees by ForexBrokers.com.
IC Markets is built for low-cost trading and is one of the strongest choices in this category. It offers a commission-free Standard account and commission-based Raw Spread accounts on both MetaTrader and cTrader. On cTrader Raw Spread, EUR/USD pricing can come to about 0.62 pips all-in, while the MetaTrader Raw Spread account is around 0.72 pips. IC Markets also offers discounts for high-volume traders, and its pricing earned it 5 stars and a #5 out of 36 ranking.
In simple terms, if you want the lowest possible trading costs, IC Markets is the better pick. FxPro still offers competitive pricing in some account types, especially on cTrader, but its spreads and overall fees are generally higher than IC Markets. For traders who care most about commissions, spreads, and all-in trading costs, IC Markets has the edge.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $200 |
| Average spread (EUR/USD) - Standard account | 1.6 | 0.62 |
| All-in Cost EUR/USD - Active | 1.3 | 0.62 |
| Non-wire bank transfer | 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 also support copy trading and cryptocurrency CFDs. Neither broker lets clients buy actual cryptocurrency or U.S.-listed exchange traded shares, so if you want to own stocks like Apple directly, neither platform offers that. Where FxPro stands out is that it also offers exchange traded securities on international markets, which IC Markets does not.
When it comes to the size of their tradable markets, IC Markets has the larger overall selection with 7,435 symbols compared with FxPro’s 2,249. FxPro, however, offers slightly more forex pairs, with 70 versus IC Markets’ 61. Based on ForexBrokers.com’s Range of Investments score, IC Markets edges ahead at 4.5 out of 5 and ranks #22 out of 36 brokers, while FxPro is rated 4 out of 5 and ranks #24.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 7435 |
| Forex Pairs (Total) | 70 | 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 both give traders a strong choice of platforms and tools. Each broker offers a free demo account, desktop software for Windows, browser-based trading, copy trading, MetaTrader 4, and MetaTrader 5. Both also let you place trades directly from a chart, which can be helpful if you like to act quickly while analyzing price moves. In short, either broker should feel familiar to most traders, especially those who prefer MetaTrader.
The main difference is that FxPro also offers its own in-house platform, while IC Markets does not. That can matter if you want a broker-built option alongside the standard trading platforms. Even so, both brokers are rated 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s ranking for this category, IC Markets places slightly higher at #17, while FxPro comes in at #18, so the overall gap is small.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | 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, so traders can manage accounts and trade on the go with either broker. Both apps also include price alerts, trendline drawing, and automatic saving for chart drawings, which makes it easier to track market moves and keep chart work in place. For everyday mobile use, both platforms cover the basics well.
Where FxPro pulls ahead is in charting and app integration. Its mobile app includes 65 technical studies, compared with 30 for IC Markets, and FxPro also offers watchlist syncing between the mobile app and online account, while IC Markets does not. These differences help explain FxPro’s stronger mobile trading app rating of 4.5 stars and its higher ForexBrokers.com rank of #15 out of 36 brokers, compared with IC Markets at 4 stars and #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 | 30 |
| 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 a strong set of market research tools, including daily market commentary, news from major sources like Bloomberg and Reuters, Trading Central analysis, sentiment data, and an economic calendar with upcoming global events. Neither broker includes Autochartist or Acuity Trading tools, so their research offering is similar in several key areas.
The main difference is that IC Markets also offers TipRanks market research, which FxPro does not. Even so, both brokers are rated 4 out of 5 stars for Research, with IC Markets ranked slightly higher by ForexBrokers.com at #21 out of 36 brokers, compared with FxPro at #23.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | 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) | 2249 | 7435 | |
| Forex Pairs (Total) | 70 | 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) - Standard account | 1.6 | 0.62 | |
| All-in Cost EUR/USD - Active | 1.3 | 0.62 | |
| 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 | Yes | No |
| Trading Platforms | FxPro | IC Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | 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 Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 30 | |
| 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) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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