IC Markets vs FP Markets: Which Broker Is Better?

FP Markets edges IC Markets on BrokrRank (4.8 vs 4.7). Both are ASIC-regulated raw-spread brokers with MT4, MT5, cTrader and TradingView. FP Markets has a lower minimum deposit and a much larger instrument range; IC Markets scores slightly higher on costs and platforms.

How do IC Markets and FP Markets compare?

	IC Markets	FP Markets
BrokrRank score	4.7	4.8
Regulation & safety (35%)	4.7	4.9
Trading costs (25%)	4.9	4.8
Platforms (15%)	4.9	4.6
Asset selection (15%)	4.3	4.8
Account opening (10%)	4.7	4.6
Minimum deposit	$200	$100
Commission per lot (raw account)	$7	$6
UAE licence	None listed	None listed
Key regulators	ASIC, CySEC	ASIC, CySEC
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, cTrader, TradingView, Iress (AU only)
Instruments	2,200+	10,000+ Instruments

Scores follow our rating methodology. Conditions are taken from each broker's published documents and can change; check the broker's site before opening an account.

Which is cheaper, IC Markets or FP Markets?

Both offer raw spreads from 0.0 pips plus a commission per lot, and both score highly on costs in our ratings. FP Markets publishes a slightly lower commission and a lower minimum deposit, while IC Markets scores marginally higher on overall trading costs.

Which offers more markets?

FP Markets lists over 10,000 instruments, largely thanks to its share CFD range, against around 2,200 at IC Markets. If you mostly trade forex and indices, the difference matters less.

Which is better for UAE traders?

Neither broker lists a UAE licence. Both are regulated by ASIC in Australia and CySEC in Europe, and also run offshore entities, so check which entity you are onboarded to before depositing.

IC Markets

Visit IC Markets Read IC Markets review

73.42% of retail CFD accounts lose money

FP Markets

Visit FP Markets Read FP Markets review

72.5% of retail CFD accounts lose money. Capital at risk. Not financial advice.

BrokrRank may earn a commission if you open an account through the links above. This does not affect our ratings; see How We Make Money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This page is not investment advice. Our services are not intended for residents of the United States or Canada.