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FP Markets vs IC Markets: Comparison and Analysis

Written by Filippo Ucchino

Fact-Checked by Luca Puddu Publication Date 28 September 2026 Last Updated 28 September 2026

Our verdict · CFD trading

Both FP Markets and IC Markets are great brokers in Nigeria for scalping, automated trading and crypto trading. That said, IC Markets is the better choice if you are looking for a lower EUR/USD cost (7.55 USD per lot against 9.50 USD), no minimum deposit against 100.00 USD and an account held in 10 base currencies against 2. FP Markets is better because it covers more tradable symbols (10,000 against 180) and executes orders in 8 ms against 40 ms. FP Markets holds licences from CySEC, ASIC, the FSA (Seychelles), the FSC (Mauritius) and the FSCA, and IC Markets from CySEC, ASIC, the SCB and the FSA (Seychelles). The two brokers both run MetaTrader 4, MetaTrader 5, cTrader and TradingView, with a demo account without expiry, copy trading, and raw spread and ECN accounts.

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FP Markets

CFD

84CFD

Open Account

74.56% of retail investor accounts lose money when trading CFDs with this provider.

IC Markets

CFD

87CFD

Open Account

72.52% of retail investor accounts lose money when trading CFDs with this provider.

Best for

1 / 12

IC Markets is better than FP Markets for professional traders and high-volume traders. Both are a good fit for scalpers, swing traders and news traders.

Best for
Overall score	FP Markets 84 -3	IC Markets 87
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

2 / 12

FP Markets and IC Markets are both regulated by top-tier authorities, including CySEC and ASIC (Australia).

Regulation
Section score	FP Markets 100	IC Markets 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

3 / 12

FP Markets and IC Markets both offer segregated client funds and two-factor authentication.

Safety
Section score	FP Markets 66	IC Markets 65 -1
Company info
Is it publicly traded i
Is it a bank i
Year founded i	2005	2007
Parent company i	First Prudential Markets Pty Ltd	International Capital Markets Pty Ltd
CEO i	Craig Allison	Andrew Budzinski
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i	N/A	N/A
Brand power
Number of customers worldwide i
Annual revenue i
Monthly website search traffic i	563.6K monthly visits	2.2M monthly visits

Costs

4 / 12

IC Markets is better than FP Markets for costs, as IC Markets is cheaper on EUR/USD, at 7.55 USD per lot (against FP Markets' 9.5 USD), has tighter gold CFD spreads, at 0.09 points (against FP Markets' 0.25 points), and charges lower Bitcoin CFD fees, at 12.01 USD (against FP Markets' 19.38 USD). Neither FP Markets nor IC Markets charges account maintenance fees or deposit fees.

Costs
Section score	FP Markets 65 -14	IC Markets 79 Best
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i	USD 6	USD 7
EUR/USD average standard spread i	1.2 pips	0.8 pips
EUR/USD average raw spread i	0.1 pips	0.01 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i	USD 9.5	USD 7.55
S&P 500 fees (CFD) i	0.25 points	0.492 points
Gold fees (CFD) i	0.25 points	0.09 points
Bitcoin fees (CFD) i	USD 19.38	USD 12.01
US stocks fees (CFD) i	USD 0.02	USD 0.02
Fees on stocks
Stock fee type i	Commission, Percentage	Commission, Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i		Free
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

5 / 12

FP Markets and IC Markets are close on available markets. Both FP Markets and IC Markets offer CFDs on commodities, crypto, forex, indices and stocks. FP Markets goes a step further, as it gives access to 10,000 tradable symbols (against IC Markets' 180).

Available markets
Section score	FP Markets 75	IC Markets 75
Total tradable symbols i	10,000	180
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i	Commodities, Crypto, Forex, Indices, Stocks	Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

6 / 12

IC Markets is better than FP Markets for platforms, given that IC Markets offers social trading, ZuluTrade and Duplitrade, which FP Markets does not. FP Markets and IC Markets both offer cTrader and MetaTrader 5.

Platform
Section score	FP Markets 86 -3	IC Markets 89 Best
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

7 / 12

FP Markets is better than IC Markets for mobile trading, because FP Markets offers a social trading app and a copy trading app, which IC Markets does not. Both FP Markets and IC Markets offer a proprietary mobile app and the cTrader app.

Mobile
Section score	FP Markets 100 Best	IC Markets 93 -7
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

8 / 12

FP Markets is better than IC Markets for trading features, since FP Markets executes orders faster, within 8 ms (against IC Markets' 40 ms), and offers negative balance protection, which IC Markets does not. FP Markets and IC Markets both offer trailing stops and tier-1 liquidity providers.

Trading features
Section score	FP Markets 87 Best	IC Markets 83 -4
Trade execution
Broker type i	NDD	NDD
Average execution time i	8 ms	40 ms
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i	500:1	5000:1
Minor/Exotic FX pairs leverage i	500:1	5000:1
Major indices leverage i	200:1	200:1
Minor indices leverage i	200:1	200:1
Gold leverage i	500:1	2000:1
Commodities leverage i	500:1	1000:1
Equities leverage i	20:1	20:1
Cryptocurrency leverage i	5:1	500:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i	0.01 lots	0.01 lots
Minimum trade size (stocks) i	USD 0	USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

9 / 12

IC Markets is better than FP Markets for account types, since IC Markets offers a professional traders account, an Islamic account and a swap-free account, which FP Markets does not. FP Markets and IC Markets both offer a demo account and a corporate account.

Account types
Section score	FP Markets 68 -24	IC Markets 92 Best
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

10 / 12

IC Markets is better than FP Markets for account opening, because IC Markets does not require a minimum deposit (against FP Markets' 100 USD), offers 10 account base currencies (against FP Markets' 2), and supports 3 e-wallets (against FP Markets' 2). FP Markets and IC Markets both offer credit cards and debit cards.

Account opening
Section score	FP Markets 72 -23	IC Markets 95 Best
Minimum deposit i	USD 100	USD 0
Minimum withdrawal i	USD 0	USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i	Neteller, Skrill	PayPal, Neteller, Skrill
Local payment methods i
Account base currencies i	EUR, USD	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Deposit waiting time i	up to 1 business days	Instant
Withdrawal waiting time i	up to 1 business days	up to 1 business days
Bonus program i

Customer care

11 / 12

IC Markets is better than FP Markets for customer care, because IC Markets offers customer support in 17 languages (against FP Markets' 12), and has a website in 17 languages (against FP Markets' 10). FP Markets and IC Markets both offer a dedicated account manager and phone support.

Customer care
Section score	FP Markets 83 -4	IC Markets 87 Best
Number of languages supported i	12	17
Website languages i	Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese	Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese
Website available in English i
Customer support languages i	Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese	Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

12 / 12

FP Markets and IC Markets are equally good for learning, as both offer education for advanced traders and webinars.

Learning
Section score	FP Markets 100	IC Markets 100
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i

FP Markets

Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.

IC Markets

Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.

Our verdict

FP Markets vs IC Markets: which one should you choose?

FP Markets

CFD Choose FP Markets, regulated by the same authorities, if you want a CFD and forex broker with a wide choice of markets and fast execution.

Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.

IC Markets

CFD Choose IC Markets, regulated by CySEC and ASIC, if you want a forex brokerage service with low trading costs, no minimum deposit and a wide range of account currencies.

Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.