FP Markets
ASIC/CySEC
IC Markets
ASIC/CySEC
FP Markets vs IC Markets
Head-to-Head Comparison 2026
Our Verdict
IC Markets has a higher rating of 4.4/5 compared to FP Markets (4.3/5). FP Markets offers 8 instrument types, while IC Markets offers 7. The minimum deposit is lower at FP Markets with 100 AUD. FP Markets has been in the market since 2005, making it the more experienced provider. On spreads, FP Markets offers EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard), while IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard).
Comparison Table
| Criteria | FP Markets | IC Markets |
|---|---|---|
| Rating | 4.3/5 (900 reviews) | 4.4/5 (2200 reviews)✓ |
| Regulation | ASIC/CySEC | ASIC/CySEC |
| Fees | Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip | From 0.0 pips + $3.50 commission (Raw Spread) |
| Min. Deposit | 100 AUD | 200 $ |
| Instruments | Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds | Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs |
| Platforms | MT4, MT5, cTrader, IRESS, FP Markets App | MT4, MT5, cTrader |
| Options Trading | No, CFDs and DMA stock trading | No |
| Spread (typical) | EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard) | EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard) |
| Execution Speed | ~40 ms (Equinix NY4) | ~40 ms (Equinix NY4/LD5) |
| Founded | 2005 | 2007 |
| Headquarters | Sydney | Sydney |
Detailed Comparison
Fee Comparison
FP Markets: Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip. Minimum deposit: 100 AUD. Spread: EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard).
IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Minimum deposit: 200 $. Spread: EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard).
Execution Quality
FP Markets
Execution: ~40 ms (Equinix NY4)
IC Markets
Execution: ~40 ms (Equinix NY4/LD5)
Product Range
FP Markets (8 categories)
IC Markets (7 categories)
Trading Platforms
FP Markets
- MT4
- MT5
- cTrader
- IRESS
- FP Markets App
IC Markets
- MT4
- MT5
- cTrader
Regulation & Security
FP Markets is regulated by ASIC/CySEC (HQ: Sydney).
IC Markets is regulated by ASIC/CySEC (HQ: Sydney).
Who Is It For?
FP Markets
Australian ECN broker with over 10,000 trading instruments
✓ Raw spreads from 0.0 pip
✓ Over 10,000 instruments
✓ IRESS platform for DMA stock trading
✗ No BaFin regulation
✗ IRESS platform with additional fees
IC Markets
ECN broker with ultra-low spreads and fast execution
✓ Ultra-low spreads from 0.0 pips
✓ Fast order execution (under 40ms)
✓ cTrader platform available
✗ No proprietary platform
✗ Educational content could be more comprehensive
Frequently Asked Questions
Is FP Markets or IC Markets cheaper?
Which broker offers more products: FP Markets or IC Markets?
Which broker is better regulated?
Is FP Markets or IC Markets better for beginners?
FP Markets vs IC Markets: Which broker is better overall?
How do spreads compare between FP Markets and IC Markets?
FP Markets
Australian ECN broker with over 10,000 trading instruments
Open Account →From 100 AUD min. deposit