Fxpro Vs IC Markets Review and comparison by Fxstay.com masters, When it comes to choosing a reliable and efficient forex broker, two of the top contenders that traders often compare are FxPro and IC Markets. These brokers have built a strong reputation globally, offering competitive trading conditions, advanced platforms, and robust support for both beginners and professional traders.
In this in-depth comparison by Fxstay.com team, we’ll explore FxPro vs IC Markets from every important angle — including trading platforms, spreads, account types, regulations, deposit/withdrawal processes, customer support, educational tools, and more — to help you make an informed decision.
1. Fxpro Vs IC Markets Company Overview
FxPro
FxPro is a globally recognized forex and CFD broker established in 2006. With millions of clients across 170+ countries, FxPro is regulated by some of the world’s leading financial authorities, including the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and SCB (Bahamas). FxPro has consistently been ranked among the most trusted brokers for its transparency, secure fund protection, and excellent order execution.
IC Markets
Founded in 2007, IC Markets is an Australian-based forex broker regulated by ASIC (Australia), CySEC, and FSA (Seychelles). Known for its ultra-low spreads and fast execution, IC Markets is widely used by algorithmic and high-frequency traders. It’s one of the largest true ECN brokers globally, providing access to deep liquidity.
2. Regulation and Safety
| Feature | FxPro | IC Markets |
|---|---|---|
| Regulated by | FCA, CySEC, FSCA, SCB | ASIC, CySEC, FSA |
| Client Fund Segregation | Yes | Yes |
| Negative Balance Protection | Yes | Yes |
| Compensation Scheme | Yes (up to €20,000 with CySEC) | Yes (varies by regulator) |
Both brokers are heavily regulated and offer strong investor protection. However, FxPro’s FSCA license is particularly important for African clients, while IC Markets’ ASIC regulation gives it strong credibility in the Asia-Pacific region.
3. Fxpro Vs IC Markets Trading Platforms
Both brokers offer multiple platforms to suit different trading styles.
| Platform | FxPro | IC Markets |
|---|---|---|
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| cTrader | Yes | Yes |
| WebTrader | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android |
FxPro offers all three popular platforms—MT4, MT5, and cTrader, giving traders the flexibility to choose. IC Markets matches this lineup with support for advanced cTrader automation and raw spread accounts.
4. Account Types
FxPro Accounts:
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MT4 Account – Fixed or floating spreads
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MT5 Account – Floating spreads
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cTrader Account – ECN-style pricing
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FxPro Edge – Spread betting (UK only)
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Demo Account – Available
IC Markets Accounts:
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Standard Account – No commission, spreads from 1.0 pip
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Raw Spread Account – $3.50 commission per lot
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cTrader Account – $3 commission per lot
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Demo Account – Available
FxPro does not charge commissions on MT4/MT5, while IC Markets charges a commission on Raw and cTrader accounts but provides lower spreads in return. For those preferring tight ECN spreads, IC Markets cTrader account is slightly more cost-effective.
5. Spreads and Fees
| Trading Cost | FxPro | IC Markets |
|---|---|---|
| EUR/USD Spread (avg) | 1.2 pips (MT4), 0.1 (cTrader) | 0.1 pips (Raw), 1.0 (Standard) |
| Commission (per lot) | $0 (MT4/MT5), $4.50 (cTrader) | $7.00 (Raw), $6.00 (cTrader) |
| Deposit Fee | None | None |
| Withdrawal Fee | None | None |
| Inactivity Fee | No | No |
Both brokers are cost-efficient, but IC Markets’ Raw accounts can offer slightly cheaper execution for scalpers and day traders. FxPro still remains competitive, especially for those avoiding commission-based structures.
6. Deposit and Withdrawal
| Feature | FxPro | IC Markets |
|---|---|---|
| Min Deposit | $100 | $200 |
| Payment Methods | Bank transfer, Card, Skrill, Neteller, PayPal | Bank transfer, Card, Skrill, Neteller, PayPal |
| Withdrawal Time | 1 business day | Same-day or 1 day |
| Withdrawal Issues | Minimal reported | Minimal reported |
Both brokers offer smooth, fee-free deposits and withdrawals with fast processing. FxPro’s lower minimum deposit is suitable for beginners.
7. Trading Instruments
| Instruments | FxPro | IC Markets |
|---|---|---|
| Forex | 70+ pairs | 60+ pairs |
| Indices | 20+ | 20+ |
| Stocks | 2,000+ | 2,100+ |
| Commodities | Gold, Silver, Oil | Gold, Silver, Oil |
| Cryptocurrencies | Yes (limited) | Yes (extensive) |
| Futures | Yes | Yes |
IC Markets slightly edges out FxPro in total instrument offerings—especially in crypto trading—while FxPro shines with more extensive stock trading and better risk management tools.
8. Customer Support
Both brokers provide excellent multilingual support via:
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Live chat
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Email
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Phone
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Educational content
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FAQs and help centers
FxPro offers local language support in more countries, which gives it a slight advantage for international traders.
9. Educational Resources
Both FxPro and IC Markets invest in trader education. Their platforms include:
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Video tutorials
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Webinars
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Market news and analysis
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Platform guides
FxPro provides better platform-specific training, while IC Markets is more focused on market sentiment tools and economic calendars.
10. Top Strengths and Weaknesses
| Category | FxPro | IC Markets |
|---|---|---|
| Strengths | Multi-regulated, low min deposit, cTrader + PAMM, more stock CFDs | Raw spreads, low-cost trading, strong ECN model |
| Weaknesses | Higher spreads on MT4/MT5 | Slightly higher min deposit, limited PAMM |
| Best For | Swing traders, investors, MT4 users | Scalpers, algo traders, ECN-focused users |
11. Is FxPro Better Than IC Markets?
That depends entirely on your trading style:
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Choose FxPro if you value platform flexibility (MT4, MT5, cTrader, PAMM), want a lower deposit requirement, and prefer non-commission accounts.
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Choose IC Markets if you prioritize raw spreads, high-speed execution, and want a pure ECN environmentideal for scalping and automated trading.
Fxpro Vs IC Markets Final Verdict: Which Broker Should You Choose?
Both FxPro and IC Markets are outstanding choices for forex and CFD traders. Each offers unique benefits that cater to different levels and styles of trading.
If you’re a new trader or someone who wants to explore multiple trading platforms with ease, FxPro may be your better fit. On the other hand, if you are an experienced trader, scalper, or algo trader who needs lightning-fast execution with raw pricing, IC Markets could be the right broker for you.
Ultimately, you can’t go wrong with either choice — but aligning their features with your trading goals is the key.