Broker comparison

FP Markets vs.
IC Markets

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

IC Markets has a higher rating of 4.4/5 compared to FP Markets (4.3/5). FP Markets offers 8 instrument types, while IC Markets offers 7. The minimum deposit is lower at FP Markets with 100 AUD. FP Markets has been in the market since 2005, making it the more experienced provider. On spreads, FP Markets offers EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard), while IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard).

Australian ECN broker with over 10,000 trading instruments

ECN broker with ultra-low spreads and fast execution

At a glance

The key differences

Criterion
PlatformsMT4, MT5, cTrader, IRESS, FP Markets AppMT4, MT5, cTrader
Product typesForex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, BondsForex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs
Options tradingNo, CFDs and DMA stock tradingNo
Fee modelRaw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pipFrom 0.0 pips + $3.50 commission (Raw Spread)
Minimum deposit100 AUD200 $
RegulationASIC/CySECASIC/CySEC
More informationDetailsDetails

Platforms

FP Markets

MT4, MT5, cTrader, IRESS, FP Markets App

IC Markets

MT4, MT5, cTrader

Product types

FP Markets

Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds

IC Markets

Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs

Options trading

FP Markets

No, CFDs and DMA stock trading

IC Markets

No

Fee model

FP Markets

Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip

IC Markets

From 0.0 pips + $3.50 commission (Raw Spread)

Minimum deposit

FP Markets

100 AUD

IC Markets

200 $

Regulation

FP Markets

ASIC/CySEC

IC Markets

ASIC/CySEC

More information

FP Markets

Details

IC Markets

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip

Published fee
Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip
Minimum deposit
100 AUD
Spread figure
EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard)
See terms at provider

From 0.0 pips + $3.50 commission (Raw Spread)

Published fee
From 0.0 pips + $3.50 commission (Raw Spread)
Minimum deposit
200 $
Spread figure
EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard)
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexCFDsStocksIndicesCommoditiesCryptoETFsBonds
ForexIndicesCommoditiesStocks CFDsBondsCrypto CFDsFutures CFDs

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

MT4 · MT5 · cTrader · IRESS · FP Markets App

FP Markets offers five trading platforms: MT4 and MT5 for classic forex and CFD trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface and Level II price data. IRESS is the professional DMA platform for direct stock trading with advanced order types and market depth. The FP Markets App enables full-featured mobile trading on all devices.

Explore platform

MT4 · MT5 · cTrader

IC Markets offers three top-tier trading platforms for different trading styles. MetaTrader 4 is the classic choice for Forex traders with extensive EA support. MetaTrader 5 expands the offering with additional timeframes and order types. The cTrader platform excels with its intuitive interface, Level II market depth, and cAlgo for algorithmic trading. All platforms offer VPS hosting for uninterrupted automated trading.

Explore platform

Regulation & security

ASIC/CySEC

Regulatory information

ASIC/CySEC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Australian ECN broker with over 10,000 trading instruments

  • Raw spreads from 0.0 pip
  • Over 10,000 instruments
  • IRESS platform for DMA stock trading
  • No BaFin regulation
  • IRESS platform with additional fees

ECN broker with ultra-low spreads and fast execution

  • Ultra-low spreads from 0.0 pips
  • Fast order execution (under 40ms)
  • cTrader platform available
  • No proprietary platform
  • Educational content could be more comprehensive

Find the broker that fits

FP Markets oder IC Markets?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

FP Markets4.3
  • Raw spreads from 0.0 pip
  • Over 10,000 instruments
  • IRESS platform for DMA stock trading
IC Markets4.4
  • Ultra-low spreads from 0.0 pips
  • Fast order execution (under 40ms)
  • cTrader platform available
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between FP Markets and IC Markets?
FP Markets: Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip. IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: FP Markets or IC Markets?
FP Markets offers Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds. IC Markets offers Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs.
How are FP Markets and IC Markets regulated?
The broker profiles list ASIC/CySEC for FP Markets and ASIC/CySEC for IC Markets. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is FP Markets or IC Markets better for beginners?
FP Markets lists a 100 AUD minimum deposit and offers MT4, MT5, cTrader, IRESS, FP Markets App. IC Markets lists 200 $ and offers MT4, MT5, cTrader. Compare usability, available products and costs for your intended use.
FP Markets vs IC Markets: Which broker is better overall?
The choice between FP Markets (4.3/5, 900 reviews) and IC Markets (4.4/5, 2200 reviews) depends on your needs. FP Markets: Australian ECN broker with over 10,000 trading instruments. IC Markets: ECN broker with ultra-low spreads and fast execution.
How do spreads compare between FP Markets and IC Markets?
FP Markets offers typical spreads of EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard). IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard). Tighter spreads reduce trading costs especially for active trading.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise