ICM Brokers vs FXPro

ICM Brokers vs FxPro Comparison Table 2024
ICM Brokers	FxPro
Review 1.5	Review 4.4

ICM Brokers is a Vanuatu-based broker offering a range of markets including CFDs, forex, futures, and options. The broker does not hold any top-tier licenses and there is limited company information available online.	Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.
Comment by Reviewer
"ICM Brokers could serve traders that are looking for fixed spreads, high leverage and willing to pay the $250 minimum deposit."	"FxPro is best for experienced traders looking for wide market access, premium research tools and advanced charting platforms. The competitive fees and fast execution will serve serious short-term traders, whilst the BnkPro investment service will appeal to those looking for long-term e-money solutions."
Pros
Daily technical analysis report on key markets, including EUR/USD and Dow Jones Access to the renowned MetaTrader 4 platform with customizable charting tools Integrated economic calendar for keeping up with market events Highly leveraged trading up to 1:400	FxPro maintains its position as a top no dealing desk (NDD) broker, with fast execution speeds under 13ms and co-located trading servers with Tier 1 banks There are 4 superior day trading platforms, including a proprietary solution with over 50 indicators, 7 chart types and an impressive 15 chart time frames Comprehensive analysis and trading tools are available for seasoned traders, including signals powered by Trading Central and VPS hosting Thousands of CFDs are available across 6 asset classes with a particularly impressive range of indices and precious metals There's an interactive learning center for beginners with tests, courses, video tutorials and webinars
Cons
Uncompetitive fixed spreads and high commissions Withdrawals must be made via request form Offshore regulation reduces client safety Limited range of trading instruments Narrow range of funding methods Slow customer support upon testing	FxPro's services are mainly geared towards experienced investors and beginners may find the broker's fees and accounts complex The broker charges a $10 inactivity fee after 6 months of account dormancy, though this is more lenient than many brokers There are only a handful of payment methods available, compared to the 10+ offered at top competitors like AvaTrade There's no copy trading service, which reduces the appeal for strategy providers looking to earn extra revenue
Awards
	BEST BROKER 2021 (UK), Ultimate Fintech Awards BEST FX PROVIDER 2021, Online Personal Wealth Awards BEST TRADING PLATFORM 2020, Investors Chronicle & Financial Times
Instruments
Forex, equity CFDs, precious metals, energies, futures	CFDs, Forex, Stocks, Indices, Commodities, Futures
Demo Account
Yes	Yes
Minimum Deposit
$250	$100
Trading Platforms
MT4	FxPro Platform MT4 MT5 cTrader AutoChartist TradingCentral DupliTrade
Payment Methods
Mastercard Neteller PayPal Visa Western Union	Credit Card Maestro Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
VFSC	FCA, CySEC, FSCA, SCB, FSC
Margin Trading
No	Yes
Margin Rate
	0.5%
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
Yes	iOS & Android
App Review
	FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores.
Android App Rating
	4.3
iOS App Rating
	4.7
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$5
Islamic Account
No	Yes
Account Currencies
	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 Hong Kong Stock Exchange Japan Exchange Group Nasdaq New York Stock Exchange Russell 2000 SIX Swiss Exchange
Commodities
Gold Natural Gas Silver	Gasoline Gold Oil Palladium Platinum Silver Soybeans
CFD Trading
CFDs are available to trade on the powerful MT4 platform with a free demo account to test out strategies. With that said, the demo is only available for 20 days, which is disappointing.	FxPro offers thousands of CFDs on forex, commodities, indices, shares and futures. 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
1:400 (Retail), 1:100 (Pro)	1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
FTSE Spread
3.5	1.58 Pts (Ave)
GBPUSD Spread
3	2.39 Pips (Ave)
Oil Spread
Floating	0.07 (WTI Ave)
Stocks Spread
Variable	Variable
Forex Trading
Trade a small range of currency pairs with fixed spreads and high leverage up to 1:400. On the downside, fees are not the most competitive vs other brokers.	FxPro offers 70+ currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. The range of forex assets outranks many rivals, including our award winner, AvaTrade. Various short-term forex strategies are permitted, including EA trading and hedging.
Forex App
	FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores.
GBPUSD Spread
3	2.39 pips (Ave)
EURUSD Spread
2	1.58 pips (Ave)
EURGBP Spread
3	1.74 pips (Ave)
Assets
20+	70+
Currency Indices
	USD
Cryptocurrency
Crypto trading not offered	Non-UK FxPro traders can access CFDs on 28 popular cryptocurrencies, including Bitcoin and Ethereum as well as smaller tokens like Tron. Algo traders can also make use of trading bots and custom indicators within the third-party platforms.
Spread
	Variable
Coins
	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

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