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Head to head

FIBO Group vs IC Markets

FIBO Group holds only an offshore registration (British Virgin Islands). IC Markets is licensed by ASIC in Australia, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at FIBO Group and $0 at IC Markets. Neither offers negative balance protection. Only IC Markets offers segregated client money.

Facts last checked: FIBO Group on 20 October 2026, IC Markets on 20 October 2026.

FIBO Group profileIC Markets profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
FIBO GroupOffshore registration onlyRead the profile
IC MarketsStrictly regulatedRead the profile
Comparing
FIBO GroupBritish Virgin Islands
IC MarketsRaw Spread (MetaTrader) account · Australia

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Road Town, Tortola, British Virgin Islands
Sydney, Australia
Official websites
  • fibogroup.com
  • icmarkets.com
  • icmarkets.sc
  • icmarkets.eu
  • icmarkets.com.au
  • icmarkets.bs
  • ic.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
FIBO Group, Ltd.
International Capital Markets Pty Ltd
Regulator
FSC BVI
British Virgin Islands
ASIC
Australia
Regulation level
Offshore registration only
Strictly regulated
Licence number
Investment Business Licence SIBA/L/13/1063
Check the register
AFSL 335692
Check the register
Clients this company serves
All clients of fibogroup.com (not available to residents of the UK, US or North Korea)
Australian residents
All licences held
  • FSC BVI (British Virgin Islands)
  • ASIC (Australia)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
Segregated client money
No
Yes
Negative balance protection
No
No
Compensation scheme
None
ICF up to €20,000 (IC Markets EU only); none for the Seychelles or Bahamas companies

Costs

Your monthly cost
No accounts listed
$80$8 per lot × 10 lots
Cost per lot (EUR/USD)
No accounts listed
$8
Spread from
No accounts listed
0.0 pips
Typical EUR/USD spread
No accounts listed
0.1 pips
Commission per lot (round turn)
No accounts listed
$7
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
Up to 1:400 on standard accounts; up to 1:3000 and 1:5000 on cent accounts
1:30 (EU, Australia); up to 1:5000 at the Seychelles company
Retail leverage by asset class
Not yet checked
  • Major currency pairs (EU and Australian retail): 1:30
  • All account types (Seychelles company): Up to 1:5000
Margin call level
Not yet checked
Not yet checked
Stop-out level
20% (MT4 Cent, MT4 Fixed, cTrader NDD, cTrader Zero Spread); 50% (MT4 NDD, MT4 NDD No Commission, MT5 NDD, MT5 Cent)
50%

Account

Minimum deposit (this account)
No accounts listed
$0
Base currencies
No accounts listed
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD, HKD
Execution
No accounts listed
Raw spread plus $3.50 per lot per side

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • MT4 WebTerminal
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Web platform
Markets
Up to 43 currency pairs, metals, CFDs, 13 cryptocurrencies and 50 US shares, depending on the account
Forex, commodities, indices, metals, bonds, share CFDs and crypto CFDs (2,250 instruments on MetaTrader)
Demo account
Yes
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Visa and Mastercard
  • E-wallets
  • Credit card
  • Debit card
  • PayPal
  • Neteller
  • Skrill
  • Bank transfer
  • Cryptocurrency
  • UnionPay
  • Broker to broker transfer
Withdrawal fee
Not yet checked
Not yet checked
Inactivity fee
Up to $5 a month on accounts with no trade for 91 days, if FIBO introduces the fee
Not yet checked

Support

Customer support
Phone (+44 845 09-50-118) and call-back requests
24 hours a day, Monday to Sunday

Our notes

Strengths
  • FIBO Group, Ltd. is listed by the BVI FSC as a currently regulated investment business (dealing as agent and principal, arranging deals)
  • Wide choice of platforms and accounts, including cent accounts that open from 1 cent
  • Spreads from 0 pips on NDD accounts with commission charged as a percentage of trade value
  • Australian and EU companies licensed by strict regulators (ASIC and CySEC)
  • Published average EUR/USD spread of 0.1 pips on the Raw Spread account, with commission set out per currency
  • Client money held in segregated accounts, according to each IC company
  • Wide platform choice, including cTrader and TradingView
Watch out for
  • The BVI licence is offshore and there is no compensation scheme
  • We found no negative balance protection or client money segregation commitment in the customer agreement; it lets FIBO cover a negative balance from your other accounts
  • Leverage up to 1:5000 on the MT5 Cent account
  • FIBO's former Cyprus company no longer appears on CySEC's list of investment firms; EU clients have no EU-licensed FIBO company
  • International clients join Raw Trading Ltd, regulated only in Seychelles (offshore), where leverage goes up to 1:5000
  • The Seychelles company's risk warning says losses may exceed the amount you deposit
  • The Standard account's typical spread is not published (it quotes "from 0.8 pips")
  • Brand changing from IC Markets to IC, with several regional domains; check you are on one listed here

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • FIBO Group: Forex trading involves significant risk, including the potential loss of all invested funds. It may not be suitable for everyone. Please assess your risk tolerance carefully.
  • IC Markets: Risk Warning: Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our Risk Disclosure.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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