Head-to-head · 2026
IC Markets vs FP Markets
IC Markets and FP Markets finish level on our overall score. FP Markets is cheaper to trade: its lowest-cost account works out at about $7.0 per round-turn lot of EUR/USD versus $8.0 at IC Markets.
| Feature | IC Markets | FP Markets |
|---|---|---|
| Overall score | 4.4 | 4.4 |
| EUR/USD standard spread | 0.8 pips | 1.0 pips |
| Raw account | 0.1 + $7 | 0.1 + $6 |
| Cheapest cost per lot | $8.0 | $7.0 |
| Minimum deposit | $200 | $100 |
| Tier-1 regulators | ASIC, CySEC | ASIC, CySEC |
| All regulators | ASIC, CySEC, FSA (Seychelles), SCB (Bahamas) | ASIC, CySEC, FSCA, FSA (Seychelles), CMA (Kenya), FSC (Mauritius) |
| Founded | 2007 | 2005 |
| Currency pairs | 61+ | 70+ |
| Max leverage | 1:500 (1:30 ASIC/EU retail) | 1:500 (1:30 retail ASIC/EU) |
| Platforms | MT4, MT5, cTrader, TradingView | MT4, MT5, cTrader, TradingView, Iress |
| Copy trading | Yes | Yes |
| Swap-free accounts | Yes | Yes |
| US clients | No | No |
Highlighted cells mark the better value where one is clearly better. Data checked October 2026.
Category by category
Costs: IC Markets vs FP Markets
FP Markets is cheaper to trade: its lowest-cost account works out at about $7.0 per round-turn lot of EUR/USD versus $8.0 at IC Markets. On its standard, commission-free account IC Markets quotes around 0.8 pips on EUR/USD. On its standard, commission-free account FP Markets quotes around 1.0 pips on EUR/USD. Both offer raw-spread pricing: IC Markets at $7 and FP Markets at $6 per round-turn lot.
Regulation and safety
IC Markets is regulated by ASIC, CySEC, FSA (Seychelles), SCB (Bahamas). FP Markets is regulated by ASIC, CySEC, FSCA, FSA (Seychelles), CMA (Kenya), FSC (Mauritius). Both score the same for trust. Both are available in Australia, European Union, South Africa and Most other countries.
Platforms
Both support MT4, MT5, cTrader, TradingView. IC Markets offers MT4, MT5, cTrader, TradingView; FP Markets offers MT4, MT5, cTrader, TradingView, Iress.
Which should you choose?
Choose IC Markets if…
- raw spreads averaging around 0.1 pips on EUR/USD
- mT4, MT5, cTrader and TradingView all supported
- fast execution suited to scalping and expert advisors
Choose FP Markets if…
- low $6 round-turn commission on Raw
- five platforms including cTrader and TradingView
- aSIC, CySEC and FSCA regulation
Frequently asked questions
Is IC Markets better than FP Markets?
IC Markets and FP Markets finish level on our overall score. FP Markets is cheaper to trade: its lowest-cost account works out at about $7.0 per round-turn lot of EUR/USD versus $8.0 at IC Markets.
Which is safer, IC Markets or FP Markets?
Both score 4.4/5 for trust and regulation.
Which has the lower minimum deposit?
FP Markets has the lower minimum at $100, compared with $200.
Do IC Markets and FP Markets both offer MetaTrader?
IC Markets: MT4, MT5. FP Markets: MT4, MT5.
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.