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 vs IC Markets: FxPro was founded in 2006 and IC Markets in 2007. Neither broker is publicly traded. FxPro is a bank, while IC Markets is not.
Both brokers hold two Tier-1 licenses (rated as highly trusted by ForexBrokers.com). FxPro also has one Tier-2 license, while IC Markets has none. On the ForexBrokers.com Trust Score scale—90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted—FxPro scores 93/99 (highly trusted) and IC Markets scores 84/99 (trusted).
| 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 typically comes out cheaper than FxPro. IC Markets holds a 5/5 stars rating and ranks #5 out of 63 for Commissions & Fees, while FxPro is rated 4/5 stars and ranks #29 out of 63. IC Markets’ low all-in costs on EUR/USD and its recognition as Best in Class for Commissions & Fees in 2024 make it a strong choice for cost-focused traders, whereas FxPro’s pricing is higher than the industry average.
FxPro offers variable or fixed spreads on MT4 (no fixed spreads on MT5). On MT4, you can choose instant execution (requotes possible, no slippage) or market execution (no requotes, slippage possible). FxPro’s most competitive pricing is on cTrader, where the effective EUR/USD spread is about 1.27 pips (0.37-pip average spread plus 0.9-pip commission equivalent). On MT4/MT5 with variable spreads, EUR/USD averages around 1.58 pips on MT4 market execution (1.51 on MT5) and 1.71 pips on instant execution. Note: cTrader has no minimum distance for stop/limit orders, while MetaTrader requires at least 1 pip. FxPro’s Elite Active Trader program offers up to 30% discounts, but overall costs still tend to trail leading low-cost peers.
IC Markets provides three account types: the commission-free Standard account (average EUR/USD around 0.62 pips), and two commission-based Raw Spread options (MT4/MT5 and cTrader). The cTrader Raw account charges $3.00 per side per standard lot ($6.00 round turn) with an all-in EUR/USD cost near 0.62 pips, while the MT4/MT5 Raw account is $3.50 per side ($7.00 round turn) with an all-in near 0.72 pips. Spreads and pricing can vary by platform and the IC Markets entity (EU, Australia, Seychelles). High-volume traders (100+ lots per month) can qualify for additional discounts.
| 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.
Comparing the range of investments, IC Markets offers 3,583 tradeable symbols versus 2,249 at FxPro. FxPro lists more forex pairs (70 vs. 61), and both brokers support forex trading as CFDs or spot contracts. Each provides cryptocurrency CFDs but not actual crypto purchases. Neither broker offers exchange-traded securities on U.S. exchanges, though both allow access to international exchange-traded shares. Copy trading is available at both.
For ratings, FxPro earns 4 stars and ranks 24th out of 63 brokers for Range of Investments, while IC Markets scores 4.5 stars and ranks 22nd. Choose IC Markets if you want a larger overall instrument list, or FxPro if you value having more forex pairs.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 3583 |
| Forex Pairs (Total) | 70 | 61 |
| 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.
FxPro and IC Markets both cover the essentials for traders who want choice in trading platforms and tools. Each broker offers a free demo (paper) account, web and Windows desktop platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and the ability to place orders directly from charts. The key difference is platform variety: FxPro also provides a proprietary, in-house platform, while IC Markets focuses on third‑party platforms.
Both brokers earned 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s category rankings, IC Markets sits at #17 out of 63 brokers, just ahead of FxPro at #18. Choose FxPro if you want the option to try an in-house platform alongside MT4 and MT5; pick IC Markets if a slightly higher ranking in this category matters more to you.
| 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 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and IC Markets both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, trendline drawing on charts, and auto-saving your drawings—handy when you switch between screens. If you want your watchlists to follow you from desktop to phone, FxPro has account-level watchlist syncing, while IC Markets does not.
For charting depth, FxPro offers 65 technical studies compared with 30 at IC Markets, giving active chart users more tools on the go. Independent ratings echo this gap: ForexBrokers.com rates FxPro’s mobile app 4.5 stars and ranks it 15th out of 63 brokers, while IC Markets earns 4 stars and ranks 22nd. In short, both apps cover the essentials, but FxPro stands out for richer mobile charting and seamless watchlist syncing.
| 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 cover the essentials for market research. Each provides daily market commentary, forex news from leading sources like Bloomberg, Reuters, or Dow Jones, plus an economic calendar to track key events. Traders also get Trading Central tools and a sentiment gauge that shows long vs. short positioning. On balance, both brokers earn 4 out of 5 stars for Research from ForexBrokers.com.
The main difference is tools: IC Markets adds Autochartist for pattern and setup ideas, while FxPro does not. Neither broker includes TipRanks or Acuity Trading’s Signal Centre. In ForexBrokers.com’s Research rankings, IC Markets places #21 out of 63 brokers, and FxPro is close behind at #23. If you value Autochartist and a slightly higher ranking, IC Markets has the edge; otherwise, their research lineups are very similar.
| Feature |
FxPro
|
IC Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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.
For beginner traders comparing FxPro and IC Markets, both brokers offer plenty of entry-level learning with at least 10 beginner-friendly trading videos. The key difference is live instruction: IC Markets hosts client webinars at least once a month, giving newcomers a chance to learn in real time and ask questions, while FxPro does not run monthly educational webinars. If you prefer guided sessions and ongoing events, IC Markets has the edge; if you’re happy to learn at your own pace with videos, FxPro still covers the basics well.
If you plan to progress beyond the basics, IC Markets also provides at least 10 advanced trading videos, whereas FxPro does not offer that same level of advanced video content. Both brokers earn 4 out of 5 stars for Education, and their rankings are close—IC Markets at #16 and FxPro at #17 out of 63 brokers on ForexBrokers.com. In short, beginners who want live webinars and a deeper pathway into advanced topics may prefer IC Markets, while FxPro remains a solid choice for video-based learning on core forex and CFD concepts.
| 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 – though it isn’t yet available for mobile – 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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| Trust Score | 93 | 84 |
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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 | 84 | |
| 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 | 84 | |
| 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 SCA 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 | 3583 | |
| Forex Pairs (Total) | 70 | 61 | |
| 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 | 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 | No | |
| 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 | 30 | |
| 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 | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| 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 | 84 | |
| Winner | check_circle | ||
| Review | FxPro Review | IC Markets Review |
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