IC Markets vs FxPro

IC Markets vs FxPro Comparison Table 2024
IC Markets	FxPro
Review 4.8	Review 4.4
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
IC Markets 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 180,000 clients from over 200 countries.	Established in 2006, FxPro has emerged as a trusted non-dealing desk (NDD) broker offering trading on over 2,100 markets to more than 2 million clients worldwide. It has scooped over 100 industry awards and counting for its competitive conditions for active traders.
Customer Reviews
4 Based on 2 IC Markets customer reviews
Comment by Reviewer
"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."	"FxPro is a stellar option for day traders, sporting exceptionally fast execution speeds under 12ms, competitive fees that were lowered in 2022, and terrific charting platforms in MT4, MT5, cTrader and FxPro Edge."
Pros
IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders. As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally. IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues. You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.	FxPro operates under a 'No Dealing Desk' (NDD) model, ensuring fast and transparent order execution, often under 12 milliseconds, ideal for short-term trading strategies. FxPro's Wallet is a standout feature that allows traders to manage funds securely. By segregating unused funds from active trading accounts, the Wallet provides additional protection and convenience. FxPro offers four reliable charting platforms, notably the intuitive FxPro Edge, with over 50 indicators, 7 chart types and 15 chart timeframes.
Cons
While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes. The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners. There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals. Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind. Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.	There are no passive investment tools like copy trading or interest paid on cash. While active traders may not miss these, competitors like eToro catering to active and passive investors have more comprehensive offerings. While FxPro provides 24/5 customer support through multiple channels that performed well during testing, it lacks 24/7 availability, which can disadvantage traders needing assistance outside traditional market hours. Despite a growing Knowledge Hub and a $10M funded demo account, FxPro is geared towards advanced traders, with beginners potentially finding the account and fee structure complex.
Awards
Best MT4/MT5 Broker 2023 - DayTrading.com Best Forex Broker 2022 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Trading App 2020 - DayTrading.com	Best Online Broker (MENA) 2024 - Forex Awards Best Trading Conditions APAC 2023 - Forex Awards Best Trading Platform 2023 - Investors Chronicle & Financial Times Best FX Service Provider 2023 - City of London Wealth Management Awards Most Trusted Broker (Global) 2021 - Ultimate Fintech Awards Best Broker 2021 (UK) - Ultimate Fintech Awards Best Mobile Trading App 2021 - Ultimate Fintech Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	CFDs, Forex, Stocks, Indices, Commodities, Futures
Demo Account
Yes	Yes
Minimum Deposit
$200	$100
Trading Platforms
MT4 MT5 cTrader TradingView TradingCentral DupliTrade	FxPro Edge MT4 MT5 cTrader AutoChartist TradingCentral DupliTrade
Payment Methods
BPAY Credit Card Klarna Mastercard Neteller PayPal POLi Rapid Transfer SafeCharge Skrill Swift UnionPay Visa Wire Transfer	Bitcoin Payments Credit Card Ethereum Payments Google Wallet Maestro Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, CySEC, FSA, CMA	FCA, CySEC, FSCA, SCB, FSA
Margin Trading
Yes	Yes
Margin Rate
	0.5%
STP Account
No	Yes
ECN Account
Yes	No
DMA Account
Yes	Yes
MAM Account
Yes	Yes
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
IC Markets 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 is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive.	The FxPro app for iOS and Android, which benefited from design improvements in 2024, demonstrates how mobile trading should be done with its sleek, user-friendly interface and powerful features. From trading CFDs and managing accounts to seamless in-app deposits, withdrawals, an integrated economic calendar, and push notifications, the app ensures you have the trading tools you need right from your palm.
Android App Rating
4.2	4.3
iOS App Rating
3.1	4.7
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade	Expert Advisors (EAs) on MetaTrader, cBots on cTrader
Copy Trading
Yes	No
Copy Trading Platform
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 Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy.
Social Trading
Yes	No
Trade Signals
Signal Start
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$15
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD JPY CHF HKD SGD	USD EUR GBP AUD JPY ZAR CHF PLN
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Nasdaq New York Stock Exchange Russell 2000 S&P 500	CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Nasdaq S&P 500
Commodities
Cocoa Coffee Corn Gold Natural Gas Oil Orange Juice Silver Soybeans Sugar Wheat	Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Lead Natural Gas Oil Palladium Platinum Silver Soybeans Zinc
CFD Trading
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 Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike.	FxPro offers thousands of CFDs on forex, commodities, indices, shares and futures, expanded over the years. The broker's analysis and charting capabilities continue to stand as some of the best in the industry, with Trading Central integration, advanced order types and access to custom indicators.
Leverage
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)	1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
FTSE Spread
1.0	171.63
GBPUSD Spread
0.23	0.6
Oil Spread
0.03	39
Stocks Spread
0.02	Variable
Forex Trading
IC Markets 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.	FxPro offers 70+ currency pairs but no minors and stands out with its ultra-fast execution speeds and tight spreads averaging 0.45 pips on EUR/USD. Forex traders can also build test and deploy short-term trading strategies on the industry-leading MT4 software, with expert advisors (EAs) for algo trading.
Forex App
IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both 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. The speed of execution synonymous with IC Markets is retained across their apps.	The FxPro app for iOS and Android, which benefited from design improvements in 2024, demonstrates how mobile trading should be done with its sleek, user-friendly interface and powerful features. From trading CFDs and managing accounts to seamless in-app deposits, withdrawals, an integrated economic calendar, and push notifications, the app ensures you have the trading tools you need right from your palm.
GBPUSD Spread
0.23	0.6
EURUSD Spread
0.02	0.45
EURGBP Spread
0.27	0.73
Assets
75	70+
Currency Indices
	USD
Cryptocurrency
IC Markets 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 high leverage up to 1:200 in the MetaTrader platforms.	FxPro traders (outside the UK) can trade CFDs on over 25 popular cryptos, including Bitcoin and Ethereum as well as smaller tokens like Tron. In 2021, the broker introduced 24/7 trading on crypto, however where it stands out is its ultra-fast execution that lends it to active traders.
Spread
BTC 42.036	Variable
Coins
BTC BCH DOT DSH EMC EOS ETH LNK LTC NMC PPC XLM XRP ADA BNB DOG UNI XTZ	BAT BCH BTC DOG DOT DSH EOS ETC ETH IOT LNK LTC NEO XLM XMR XRP ZEC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review