FxPro vs IC Markets

FxPro
IC Markets

Compare FxPro vs IC Markets Side by Side

Selecting between FxPro vs IC Markets and would like to see who is better Broker for your trading strategy? We made a detailed comparison between FxPro Review and IC Markets, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.

Summary

FeatureFxProIC Markets
Website//www.fxpro.com//www.icmarkets.com
Founded year20062007
HeadquarterUKAustralia
LicensesUK, Cyprus, South Africa, BahamasAustralia, Cyprus
Minimum Deposit100 US$200 US$
Trading PlatformsMT4, MT5, cTrader, FxPro EdgecTrader, MT4, MT5
Eurusd avg Spread1.2 pips1 pip

Licenses

FeatureFxProIC Markets
Licenses Countries Info (short)
  • CySEC
  • FSCA
  • FCA
  • SCB
  • ASIC
  • CySEC

FxPro vs IC Markets Brokers are both licensed by the top-tier EU regulators. IC Markets also holds Australian license gives broker a slight advantage here, expanding its services to cover the needs of Australian clients through local access.

Broker Types

FeatureFxProIC Markets
Broker types
  • ECN
  • STP
  • NDD
  • ECN

Both FxPro vs IC Markets Brokers are ECN Brokers offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders. FxPro is also an STP/NDD Broker are better for price transparency.

Trading Conditions

FeatureFxProIC Markets
Trading Conditions
  • beginners
  • fixed spread
  • floating spread
  • low spread
  • hedging
  • scalping
  • low spread
  • tight spread
  • expert advisor
  • hedging
  • scalping

FxPro vs IC Markets provides relatively similar trading conditions offering low spreads to its traders and giving them opportunities to use different trading strategies such as hedging and scalping.

Fees & Commissions

FeatureFxProIC Markets
Inactivity Feemonth15 $0 $
Deposit fee0 $0 $
Withdrawal fee0 $0 $
Rollover fee eurusd buy 1 lot-4.8665-3.95
Rollover fee eurusd sell 1 lot0.72540.25
Avg Eurusd standard acc1.2 pips1 pips
Gold271
Brent oil5 pips5 pip
Bitcoin3042.036

Trading costs offered by IC Markets seem to be better than those FxPro has. IC Markets spreads are mush lower, also, IC Markets does not charge any fees, while FxPro has an inactivity fee.

Account Types

FeatureFxProIC Markets
Account types
  • Standard Account
  • Micro Account
  • Swap Free Account
  • Standard Account
  • Islamic Account
  • Swap Free Account

Both FxPro vs IC Markets offer Standard Account. Also, traders following Sharia rules may sign for a SWAP Free Account or Islamic account, which allows traders to open long-term positions. FxPro additionally has a Micro Account to offer which is generally more suitable for the beginners due to their much lower requirements and risks involved.

Markets & Instruments

FeatureFxProIC Markets
Forex7060
Indices1923
Commodities719
Cryptocurrencies410
Shares134120+
Bonds6
Options
Binary options
Spread betting
Treasuries
Futures
Etfs

Trading instruments range of both FxPro vs IC Markets is quite similar. IC Markets also offers Bonds. The number of the assets offered is also small for both brokers.

Trading Platforms

FeatureFxProIC Markets
Platforms
  • own platform
  • MetaTrader 4
  • MetaTrader 5
  • cTraders
  • MetaTrader 4
  • MetaTrader 5
  • cTraders

Both Brokers offering good choice of platforms including popular MT4, MT5. FxPro vs IC Markets both use advanced and very powerful capabilities of cTrader platform.

Deposit & Withdrawal Methods

FeatureFxProIC Markets
Payment methods
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill
  • Fasapay
  • QIWI
  • webmoney

IC Markets Payment Methods are much better presented with a variety of e-walltes, while FxPro supporting Cards, Bank Transfers and a couple of e-wallets. Both brokers provide fast money transfers and charges no additional fees for deposits or withdrawals.

Others

FeatureFxProIC Markets
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/7 availability

Both FxPro vs IC Markets understand the necessity of good quality customer service and support and take client satisfaction quite a priority and keep it at a professional level. Both brokers provide great learning material, both are on a very good level with excellent support, diverse education tools and section with videos, Webinars and support.

Conclusion on FxPro vs IC Markets

Concluding FxPro vs IC Markets comparison we found both brokers deliver reliable trading solutions with solid international offers. The offers of these brokers are quite similar, providing similar trading conditions and fees, the same set of the account types and trading platforms. Trading costs are almost the same, in combination with relatively similar instrument range but with advantage to IC Markets for lower fees and a variety of trading conditions. Here is our final recommendation:

  • FxPro 🥇Best cTrader Broker for offering seamless and feature0rich experience.
  • IC Markets – 🥇Best Broker for Raw Spread Trading offering some of the lowest possible spreads available.