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FP Markets vs IC Markets 2026
A detailed head-to-head comparison of FP Markets and IC Markets across regulation, trading costs, platforms, and more.
Score Breakdown
Category-by-Category Winner
Detailed Comparison
Overview
Trading Costs
Platforms & Features
Instruments
FP Markets vs IC Markets: Our Analysis
Overall Verdict
With an overall score of 84.2/100 vs 83.4/100, IC Markets is nearly identical to FP Markets by 0.8 points. Both brokers are closely matched, so your choice should come down to specific features that matter most to you.
Trading Costs
On the EUR/USD pair, FP Markets offers an average spread of 0.10 pips with a $6.00 round-turn commission, while IC Markets comes in at 0.10 pips with a $6.00 commission. Both brokers offer identical EUR/USD spreads. Minimum deposit is $100 at FP Markets and $200 at IC Markets.
Regulation & Safety
FP Markets holds 4 regulatory licenses with a highest tier of Tier 1 (ASIC, CySEC, FSCA), while IC Markets has 5 licenses at Tier 1 (ASIC, CySEC, CMA). IC Markets has more regulatory licenses overall.
Platform Comparison
Both FP Markets and IC Markets offer the same platforms: MT4, MT5, cTrader, TradingView. Your choice here comes down to execution quality, spreads, and account conditions rather than platform availability.
Who Should Choose Which?
FP Markets suits beginners seeking education, traders wanting a wide instrument range, while IC Markets is better for cost-conscious traders, traders who want advanced tools. Both brokers offer demo accounts, so you can test each before committing real funds.
Frequently Asked Questions
Based on our testing, IC Markets scores higher overall at 84.2/100 compared to FP Markets's 83.4/100. However, "better" depends on your priorities — FP Markets may be superior in specific categories like certain niche features.
Both brokers offer identical EUR/USD average spreads of 0.10 pips. Compare their GBP/USD and USD/JPY spreads in the detailed table above to spot differences.
Both brokers score equally on regulation at 82/100. FP Markets is regulated by ASIC, CySEC, FSCA, while IC Markets holds licenses from ASIC, CySEC, CMA.
For beginners, FP Markets is the stronger choice with an education and research score of 70/100. It offers webinars, and a free demo account. IC Markets scores 62/100 for education.
Yes, there is no restriction on having accounts with both FP Markets and IC Markets simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.
Reviewed by
Neil CNeil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.
Last updated: April 2026