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FP Markets vs IC Markets
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | FP Markets | IC Markets |
|---|---|---|
| BrokaBoy score | 8.6/10 | 8.1/10 |
| Trustpilot rating | Trustpilot 4.8 (10,285 reviews) | Trustpilot 4.8 (56,055 reviews) |
| Listed minimum deposit | $100 | $200 |
| Advertised spread from | 0.0 pips | 0.0 pips |
| Advertised maximum leverage | 1:500 | Up to 1:5000 (entity dependent) |
| Regulators | ASIC, CySEC, FSCA, FSA | ASIC, CySEC, FSA, SCB |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, IRESS | MetaTrader 4, MetaTrader 5, cTrader |
| Instruments | Forex, Stocks, CFDs, Crypto, Bonds | Forex, CFDs, Stocks, Crypto, Indices |
| Account types | Standard, Raw, IRESS | Standard, Raw Spread, cTrader |
| Founded | 2005 | 2007 |
| Spread type | Raw ECN spreads from 0.0 pips on Raw accounts; Standard accounts use a marked-up spread. | Raw variable spreads from 0.0 pips on the Raw Spread account; Standard account folds the cost into a wider spread. |
| Commission | Roughly $3.00 per lot per side on Raw; none on Standard. IRESS carries a monthly platform fee. | $3.50 per lot per side on Raw Spread and cTrader accounts; no commission on Standard. |
| Overnight / swap | Daily swap charges with triple rollover on Wednesdays. | Swaps applied daily at 5pm New York; triple charge on Wednesdays. Swap-free options on request. |
| Withdrawals | One free withdrawal per month on most methods; additional or international transfers may be charged. | No broker-side withdrawal fee on most methods; intermediary bank charges may apply to wires. |
Key differences
- FP Markets has a lower listed minimum deposit ($100 vs $200).
- FP Markets has the higher BrokaBoy score (8.6/10 vs 8.1/10).
- Both brokers hold licences with ASIC, CySEC, FSA.
- Only FP Markets lists IRESS among its platforms.
- Only FP Markets lists Bonds among its instruments.
- Only IC Markets lists Indices among its instruments.
Which should you choose?
- Choose FP Markets if a lower listed opening deposit is your priority.
- Choose FP Markets if you want the broader platform list shown in our catalogue (4 vs 3).
- Choose FP Markets if access to Bonds is essential, and confirm it is available under your entity.
- Choose IC Markets if access to Indices is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, FP Markets or IC Markets?+
FP Markets has the lower listed minimum deposit ($100 vs $200). Confirm current terms with each broker.
Are FP Markets and IC Markets regulated by the same authorities?+
They share ASIC, CySEC, FSA. FP Markets lists ASIC, CySEC, FSCA, FSA; IC Markets lists ASIC, CySEC, FSA, SCB in our catalogue.
Which has the higher BrokaBoy score?+
FP Markets scores 8.6/10 against 8.1/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do FP Markets and IC Markets support the same platforms?+
Both list MetaTrader 4, MetaTrader 5, cTrader. FP Markets lists more platforms overall.
