FP Markets vs IC Markets
Two brokers compared on spreads, platforms, regulation, and execution.
Last updated: March 21, 2026
Quick Verdict
FP Markets wins this comparison — 3 out of 6 categories.
Our analysts reviewed both options across pricing, reputation, and trading conditions. FP Markets came out ahead based on our scoring criteria. Read each category below for the full breakdown.
Side-by-Side Comparison
Customer Support & Reputation
IC Markets winsIC Markets has a slight edge in customer support and overall reputation. It holds an EntryLab rating of 4.70/10. FP Markets scores 4.50/10 on our platform, which is respectable but trails behind.
FP Markets4.50
IC Markets4.70Leverage & Instruments
Both brokers offer equivalent maximum leverage, so neither has a distinct advantage for traders who rely on leveraged positions.
FP Markets1:500 offshore / 1:30 EU & AUIC Markets1:500 offshore / 1:30 EU & AUDeposit & Withdrawal
FP Markets winsFP Markets supports a wider range of deposit and withdrawal options. It accepts Bank Transfer, Visa/Mastercard, Skrill, Neteller, PayPal, Crypto, including cryptocurrency, giving traders more flexibility. IC Markets offers Bank Transfer, Visa/Mastercard, Skrill, Neteller, PayPal, Crypto, which may not suit all traders.
FP Markets$100IC Markets$200Platforms & Tools
FP Markets winsFP Markets provides a broader range of trading platforms. It supports MT4, MT5, IRESS, cTrader, giving traders more flexibility in how they access the markets. IC Markets offers MT4, MT5, cTrader, which covers the essentials but falls short on variety.
FP MarketsIC MarketsRegulation & Safety
IC Markets winsWhen it comes to regulation, IC Markets holds the edge. IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018, a top-tier authority, while FP Markets operates under ASIC 286354, CySEC 371/18. For traders who prioritise safety and fund protection, IC Markets is the stronger choice in this category.
FP MarketsIC MarketsTrading Costs
IC Markets winsFP Markets offers more competitive trading costs overall. With EUR/USD spreads from 0.0 pips (Raw) / 1.0 pips (Standard) and commissions of commission-free, it undercuts IC Markets, which charges spreads of 0.0 pips (Raw) / 0.6 pips (Standard) with commission-free commission. Cost-conscious traders will find FP Markets more attractive.
FP Markets0.0 pips (Raw) / 1.0 pips (Standard)IC Markets0.0 pips (Raw) / 0.6 pips (Standard)Account Types & Min Deposit
FP Markets winsFP Markets is the more accessible choice for traders getting started. With a minimum deposit of $100, it requires less capital to open an account than IC Markets, which requires $200. Lower barriers to entry make FP Markets the winner in this category.
FP Markets$100IC Markets$200Our Pick
FP Markets Wins This Round
Based on our side-by-side analysis, FP Markets edges ahead in this matchup. Get started today.
Visit FP MarketsReady to Choose?
Frequently Asked Questions
Is FP Markets better than IC Markets?
Based on our analysis across 7 key categories, FP Markets wins with a score of 4–2. However, the best broker for you depends on your specific trading style and priorities.
Which has lower spreads, FP Markets or IC Markets?
FP Markets offers lower trading costs. FP Markets spreads start from 0.0 pips (Raw) / 1.0 pips (Standard) while IC Markets starts from 0.0 pips (Raw) / 0.6 pips (Standard).
Is FP Markets safer than IC Markets?
IC Markets is regulated by a higher-tier authority. FP Markets is regulated by ASIC 286354, CySEC 371/18, while IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018.
Can I use MT5 with both FP Markets and IC Markets?
FP Markets supports MT4, MT5, IRESS, cTrader and IC Markets supports MT4, MT5, cTrader. Check each broker's platform page for the latest availability.
Which has a lower minimum deposit, FP Markets or IC Markets?
FP Markets has the lower minimum deposit requirement. FP Markets requires $100 while IC Markets requires $200.
Is FP Markets regulated?
Yes, FP Markets is regulated by ASIC 286354, CySEC 371/18. Regulation provides traders with a level of protection including segregated funds and dispute resolution mechanisms.
Which broker is better for beginners, FP Markets or IC Markets?
For beginners, FP Markets is generally the stronger choice due to its lower minimum deposit. However, both brokers offer standard tools suitable for newer traders.