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IC Markets vs FxPro 2021

Is FxPro better than IC Markets? After testing 27 of the best forex brokers over five months, IC Markets is better than FxPro. IC Markets caters exceptionally-well to algorithmic traders through its commission-based accounts. That said, the range of markets, and research materials offered by IC Markets are not as impressive.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature IC Markets FxPro
Overall 4 4
Commissions & Fees 4.5 3.5
Offering of Investments 3.5 3.5
Platforms & Tools 4 4
Mobile Trading 4 4
Research 3.5 3.5
Education 3.5 4
Trust Score 85 89
IC Markets Review FxPro Review
Winner check_circle
74-89% of retail CFD accounts lose money 80.59% of retail CFD accounts lose money

Regulation

Feature IC Markets FxPro
Trust Score 85 89
Year Founded
2007 2006
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
1 2
Tier-3 Licenses
1 1
Authorised in the European Union
No Yes

Tier-1 Licenses (High Trust)

Feature IC Markets FxPro
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Investments

Feature IC Markets FxPro
Forex Trading
Yes Yes
CFDs (Total)
230 187
Forex Pairs (Total)
61 69
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature IC Markets FxPro
Average Spread EUR/USD - Standard
0.8 (July 2020) 1.51 (August 2020)
All-in Cost EUR/USD - Active
0.7 (July 2020) 1.27 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature IC Markets FxPro
Minimum Initial Deposit
$200 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature IC Markets FxPro
Proprietary 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
DupliTrade
No No
ZuluTrade
Yes No

Trading Tools

Feature IC Markets FxPro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
(default MT4/MT5/cTrader) 19
Charting - Indicators / Studies (Total)
(default MT4/MT5/cTrader) 64
Charting - Drawing Tools (Total)
(default MT4/MT5/cTrader) 26
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature IC Markets FxPro
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
(default MT4/MT5/cTrader) 62
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No Yes

Research

Feature IC Markets FxPro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature IC Markets FxPro
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature 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
No Yes

Overall

Feature IC Markets FxPro
Overall 4 4
Commissions & Fees 4.5 3.5
Offering of Investments 3.5 3.5
Platforms & Tools 4 4
Mobile Trading 4 4
Research 3.5 3.5
Education 3.5 4
Trust Score 85 89
IC Markets Review FxPro Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare FxPro vs IC Markets.

Does FxPro or IC Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.

Is FxPro or IC Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Both FxPro and IC Markets hold 1 global Tier-1 licenses. FxPro holds 2 global Tier-2 licenses, while IC Markets holds 1. All regulators considered, FxPro has a Trust Score of 89.00, while IC Markets's Trust Score is 85.00.

Which trading platform is better: FxPro or IC Markets?
To compare the trading platforms of both FxPro and IC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FxPro offers a better experience. With research, FxPro offers superior market research. Finally, we found FxPro to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. FxPro and IC Markets both offer copy trading. Both FxPro and IC Markets offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FxPro provides traders 69 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. Forex pairs aside, IC Markets offers traders access to 230 CFDs while FxPro has 187 available CFDs, a difference of 43.

Overall winner: IC Markets

Read Next: Best Forex Brokers 2021

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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