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Head to head

FxPro vs IC Markets

FxPro is licensed by FCA in the United Kingdom, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. 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.

On its cheapest account per lot, FxPro costs about $9.6 per standard lot on EUR/USD (Raw+ account: 0.3 pips plus $7 commission); IC Markets costs about $8 (Raw Spread (MetaTrader) account: 0.1 pips plus $7 commission). On these typical figures IC Markets is $1.6 cheaper per lot, or $16 a month at 10 lots. Swap and other fees are extra.

Minimum deposits start at $0 at FxPro and $0 at IC Markets. Only FxPro offers negative balance protection. Both offer segregated client money.

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

FxPro 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
FxProStrictly regulatedRead the profile
IC MarketsStrictly regulatedRead the profile
Comparing
FxProRaw+ account · United Kingdom
IC MarketsRaw Spread (MetaTrader) account · Australia

Overview

Founded
Not yet checked
Not yet checked
Headquarters
London, United Kingdom
Sydney, Australia
Official websites
  • fxpro.com
  • fxpro.co.uk
  • 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
FxPro UK Limited
International Capital Markets Pty Ltd
Regulator
FCA
United Kingdom
ASIC
Australia
Regulation level
Strictly regulated
Strictly regulated
Licence number
509956
Check the register
AFSL 335692
Check the register
Clients this company serves
UK residents
Australian residents
All licences held
  • FCA (United Kingdom)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
  • ASIC (Australia)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
Segregated client money
Yes
Yes
Negative balance protection
Yes
No
Compensation scheme
FSCS for eligible clients of FxPro UK Limited; ICF for eligible clients of the Cyprus company
ICF up to €20,000 (IC Markets EU only); none for the Seychelles or Bahamas companies

Costs

Your monthly cost
$96$9.6 per lot × 10 lots
$80$8 per lot × 10 lots
Cost per lot (EUR/USD)
$9.6
$8
Spread from
0.2 pips
0.0 pips
Typical EUR/USD spread
0.3 pips
0.1 pips
Commission per lot (round turn)
$7
$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
1:30 on major pairs for UK and EU retail clients; dynamic leverage with no fixed cap on major pairs at the Bahamas company
1:30 (EU, Australia); up to 1:5000 at the Seychelles company
Retail leverage by asset class
  • Major currency pairs: 1:30 (UK/EU); dynamic, no fixed cap (Bahamas)
  • Minor currency pairs: 1:20 (UK/EU); 1:500 (Bahamas)
  • Gold: 1:20 (UK/EU); 1:10000 (Bahamas)
  • Major indices: 1:20 (UK/EU); 1:500 (Bahamas)
  • Energies: 1:10 (UK/EU); 1:200 (Bahamas)
  • Shares and ETFs: 1:5 (UK/EU); 1:25 (Bahamas)
  • Cryptocurrencies: 1:2 (UK/EU); 1:500 (Bahamas)
  • 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
50% for UK and EU retail accounts; FxPro states 0% for accounts at its global entity
50%

Account

Minimum deposit (this account)
$0
$0
Base currencies
Not yet checked
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD, HKD
Execution
Market execution, raw spread plus $3.50 per side commission (MT4 and MT5)
Raw spread plus $3.50 per lot per side

Platforms and features

Platforms
  • FxPro platform and app
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Web platform
Markets
2,100+ CFDs on forex, metals, indices, energy, futures, cryptocurrencies, shares and ETFs
Forex, commodities, indices, metals, bonds, share CFDs and crypto CFDs (2,250 instruments on MetaTrader)
Demo account
Yes
Yes
Copy trading
No
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
  • Local bank transfer
  • Debit or credit card
  • E-wallet
  • Credit card
  • Debit card
  • PayPal
  • Neteller
  • Skrill
  • Bank transfer
  • Cryptocurrency
  • UnionPay
  • Broker to broker transfer
Withdrawal fee
No FxPro fee on deposits or withdrawals; e-wallet withdrawals may be charged if you have not traded
Not yet checked
Inactivity fee
None stated; live accounts are disabled after 3 months without activity and can be reactivated on request
Not yet checked

Support

Customer support
24/5 by live chat, email and phone
24 hours a day, Monday to Sunday

Our notes

Strengths
  • UK company authorised by the FCA and EU company licensed by CySEC, both strict regulators
  • Client money held in segregated accounts, with negative balance protection for all clients
  • Raw+ account costs about $9.60 per lot on EUR/USD, against about $14.90 on Standard
  • 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
  • Clients outside the UK and EU usually join the Bahamas company, with lighter rules and no FSCS or ICF cover
  • Leverage at the Bahamas company is dynamic with no fixed cap on major pairs, which magnifies losses
  • Live accounts are disabled after 3 months of inactivity
  • 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:

  • FxPro: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • 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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