Quick Comparison
| Feature | IC Markets | FP Markets |
|---|---|---|
| Rating | ⭐ 4.8/5 | ⭐ 4.5/5 |
| Spreads | From 0.0 pips (Raw) | From 0.0 pips (Raw) |
| Regulation | ASIC, CySEC, FSA | ASIC, CySEC |
| Min. Deposit | $200 | $100 |
| Platforms | MT4, MT5, cTrader | MT4, MT5, cTrader, IRESS |
Detailed Analysis
Both are Australian ASIC-regulated brokers targeting active traders with raw spreads. FP Markets also offers share trading via IRESS.
Spreads & Trading Costs
IC Markets offers spreads from From 0.0 pips (Raw), while FP Markets starts from From 0.0 pips (Raw). For active traders, even small spread differences compound significantly over thousands of trades.
Regulation & Safety
IC Markets is regulated by ASIC, CySEC, FSA. FP Markets holds licenses from ASIC, CySEC. Both provide segregated client funds and negative balance protection for retail clients.
Trading Platforms
IC Markets offers MT4, MT5, cTrader, while FP Markets provides MT4, MT5, cTrader, IRESS. Platform choice often depends on whether you use Expert Advisors or automated strategies.
Minimum Deposit
IC Markets requires $200, compared to $100 for FP Markets. Lower minimums make it easier to start, but don't mistake minimum deposit for recommended starting capital.
Our Verdict
The Bottom Line
IC Markets wins on execution speed and volume handling for pure forex traders. FP Markets offers better value with a lower minimum deposit and access to real shares via IRESS.
Read Full Reviews
IC Markets
Full in-depth review with detailed analysis of features, fees, and trading conditions.
Read IC Markets Review →FP Markets
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