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FP Markets
#16 in our CFD broker rankings
Accepts traders from Gibraltar
Rating breakdown
- Regulation & trust3.31.3 lower than IC (4.6)
- Assets & markets4.00.1 lower than IC (4.1)
- Fees & costs4.10.5 lower than IC (4.6)
- Platforms & tools4.0same as IC (4.0)
- Accounts & banking3.80.2 lower than IC (4.0)
- Education3.5same as IC (3.5)
- Research3.50.5 lower than IC (4.0)
- Customer support3.70.8 lower than IC (4.5)
IC’s score. Numbers show the difference.
IC
#5 in our CFD broker rankings
Accepts traders from Gibraltar
Rating breakdown
- Regulation & trust4.61.3 higher than FP Markets (3.3)
- Assets & markets4.10.1 higher than FP Markets (4.0)
- Fees & costs4.60.5 higher than FP Markets (4.1)
- Platforms & tools4.0same as FP Markets (4.0)
- Accounts & banking4.00.2 higher than FP Markets (3.8)
- Education3.5same as FP Markets (3.5)
- Research4.00.5 higher than FP Markets (3.5)
- Customer support4.50.8 higher than FP Markets (3.7)
FP Markets’s score. Numbers show the difference.
| FP Markets | IC | |
|---|---|---|
| Overview | Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist. | IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries. |
| Customer Reviews | Based on 1 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | ||
| Comment by Reviewer | “FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.” | “IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.” |
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| Awards | – |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $200 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya | ASIC, CySEC, FSA, SCB, CMA-Kenya |
| Margin Trading | Yes | Yes |
| STP Account | Yes | No |
| ECN Account | Yes | Yes |
| DMA Account | Yes | Yes |
| MAM Account | Yes | Yes |
| PAMM Account | Yes | Yes |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | Yes | No |
| P2P Trading | No | No |
| Spot Trading | No | No |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | FP Markets does not provide a proprietary web-based or mobile app, a downside for beginners. However, there are the mobile versions of MT4/MT5, cTrader, and TradingView that offer real-time quotes, advanced charting tools, account management features, and order execution. Australian clients are also exclusively offered access to the Iress mobile platform, which delivers sophisticated features including analytics, module linking, and multiple portfolio management. | IC deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they've managed to maintain the lightning-fast execution speed IC Markets (now just IC) is known for, right within the apps. It's a seamless trading experience that feels both professional and highly responsive. |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | FP Markets introduced a proprietary social copy trading platform, alongside access to the MetaTrader signals market. These offerings, coupled with support for Myfxbook, establish FP Markets as an excellent option for social copy trading, even if the system is less intuitive compared to cTrader Copy. | Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. |
| Social Trading | Yes | Yes |
| Trade Signals | – | Yes |
| VPS Hosting | Yes | Yes |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $0 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | FP Markets offers CFD trading on a first-rate selection of financial markets, spanning stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. With tight spreads, fast execution speeds, leverage up to 1:500 and top-tier liquidity, short-term traders get an efficient and seamless trading experience. | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC ensures optimal conditions for scalpers, hedgers, and algo traders alike. |
| Leverage | 1:30 (UK), 1:500 (Global) | 1:5000 |
| FTSE Spread | 1.64 | 1.0 |
| GBPUSD Spread | 1.9 average | 0.23 |
| Oil Spread | 0.04 | 0.03 |
| Stocks Spread | Variable | 0.02 |
| Forex Trading | ||
| Overview | FP Markets stands out as an excellent option for forex traders, boasting a selection of over 70 currency pairs covering a wide range of currencies, especially since expanding its choice of exotics. With average spreads of just 0.1 on the EUR/USD in its Raw account, the broker provides competitive pricing for day traders. | IC maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. |
| GBPUSD Spread | 0.2 | 0.23 |
| EURUSD Spread | 0.1 | 0.1 |
| EURGBP Spread | 0.3 | 0.27 |
| Assets | 70+ | 75 |
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| Cryptocurrency | ||
| Overview | FP Markets supports CFDs on popular cryptos including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Yet while you can speculate on price movements through CFDs, direct ownership of coins is not supported. FP Markets also doesn’t add up-and-coming tokens for crypto enthusiasts on the pulse. | IC offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access leverage in the MetaTrader platforms. |
| Spread | 17.3 (Bitcoin) | BTC 42.036 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |