FP Markets

4.3(900)

ASIC/CySEC

IC Markets

4.4(2200)

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.

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
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.

IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Minimum deposit: 200 $.

Product Range

FP Markets (8 categories)

ForexCFDsStocksIndicesCommoditiesCryptoETFsBonds

IC Markets (7 categories)

ForexIndicesCommoditiesStocks CFDsBondsCrypto CFDsFutures CFDs

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?

FP Markets charges Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip. IC Markets charges From 0.0 pips + $3.50 commission (Raw Spread). The minimum deposit is 100 AUD at FP Markets and 200 $ at IC Markets.

Which broker offers more products: FP Markets or IC Markets?

FP Markets offers Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds. IC Markets offers Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs.

Which broker is better regulated?

FP Markets is regulated by ASIC/CySEC. IC Markets is regulated by ASIC/CySEC.

Is FP Markets or IC Markets better for beginners?

FP Markets has a minimum deposit of 100 AUD and offers MT4, MT5, cTrader, IRESS, FP Markets App as platforms. IC Markets has a minimum deposit of 200 $ and offers MT4, MT5, cTrader. FP Markets has the lower entry barrier.

FP Markets vs IC Markets: Which broker is better overall?

The choice between FP Markets (4.3/5, 900 reviews) and IC Markets (4.4/5, 2200 reviews) depends on your needs. FP Markets: Australian ECN broker with over 10,000 trading instruments. IC Markets: ECN broker with ultra-low spreads and fast execution.

FP Markets

Australian ECN broker with over 10,000 trading instruments

Open Account →

From 100 AUD min. deposit

IC Markets

ECN broker with ultra-low spreads and fast execution

Open Account →

From 200 $ min. deposit

FP Markets read review →IC Markets read review →