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FP Markets vs IC Markets (2026): Which Broker Is Better?

Compare fees, spreads, minimum deposits, platforms and regulatory information side by side. Conditions vary by country and legal entity.

Data last verified 2026-10-31Sources and verificationHow we compare brokers

Quick verdict

FP Markets has the higher Brokeradar score

FP Markets leads this comparison with an editorial score of 4.8/5. The recorded minimum deposit is the same at No fixed minimum, and the platform ranges are a similar size. The right choice still depends on the entity available in your country and the account type you use.

Comparing 2 brokers

FP Markets
Editorial score
★ 4.8 / 5
Min Deposit
No fixed minimum
Spreads From
0.0 pips
Max Leverage
Up to 1:500
Regulation
ASIC, CySEC, FSCA, CMA Kenya, FSA Seychelles
Platforms
MT4, MT5, cTrader, TradingView
Islamic Accounts
Yes, Swap-Free
Established Year
2005
Data last verified
2026-10-31
Read ReviewOpen Account
IC Markets
Editorial score
★ 4.4 / 5
Min Deposit
No fixed minimum
Spreads From
0.0 pips
Max Leverage
Up to 1:5000 (entity and equity dependent)
Regulation
ASIC, CySEC, FSA Seychelles, SCB Bahamas, CMA Kenya
Platforms
MT4, MT5, cTrader, TradingView
Islamic Accounts
Yes, Swap-Free
Established Year
2007
Data last verified
2026-11-02
Read ReviewOpen Account

FP Markets vs IC Markets: key differences

Calculated from the recorded data for each broker. The account type and legal entity you are onboarded by can change these figures.

  • Lower minimum deposit

    Level across the compared brokers.

    FP Markets
    No fixed minimum
    IC Markets
    No fixed minimum

  • Higher maximum leverage

    Advantage: IC Markets

    FP Markets
    Up to 1:500
    IC Markets
    Up to 1:5000 (entity and equity dependent)

  • Licences only one broker holds

    Regulators that appear for only one of the compared brands.

    FP Markets
    FSCA
    IC Markets
    SCB Bahamas

FP Markets vs IC Markets: fees and spreads

FP Markets trading costs

Published spreads start from 0.0 pips. The minimum deposit recorded is No fixed minimum. Raw and standard accounts can use different spread and commission models, so compare the account-level schedule before funding.

IC Markets trading costs

Published spreads start from 0.0 pips. The minimum deposit recorded is No fixed minimum. Raw and standard accounts can use different spread and commission models, so compare the account-level schedule before funding.

Regulation and country availability

A broker brand can serve customers through multiple legal entities. Licenses, leverage limits and compensation arrangements may therefore differ between two customers using the same brand.

FP Markets

Licenses recorded: ASIC, CySEC, FSCA, CMA Kenya, FSA Seychelles.

Review FP Markets safety details

IC Markets

Licenses recorded: ASIC, CySEC, FSA Seychelles, SCB Bahamas, CMA Kenya.

Review IC Markets safety details

Who should choose each broker?

Choose FP Markets if…

  • ✓ Spreads from 0.0 pips
  • ✓ ASIC & CySEC regulated
  • ✓ Multiple platforms including cTrader

Consider first: Funding minimums depend on the selected payment method; No inactivity fees.

Choose IC Markets if…

  • ✓ Raw pricing from 0.0 pips with clearly published commissions
  • ✓ MT4, MT5, cTrader and TradingView
  • ✓ Multiple regulated entities across Australia, Cyprus, Seychelles, the Bahamas and Kenya

Consider first: Highest leverage applies only to the offshore entity and falls as exposure increases; No statutory compensation scheme for most international clients.

Sources and verification

Figures on this page come from the Brokeradar dataset and should be verified against the official broker pages and regulator registers below before you fund an account. Entity, leverage and fee schedules change and vary by country.

How we compare brokers

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