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Head to head

FxPro vs IFC 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. IFC Markets is licensed by Labuan FSA in Labuan, Malaysia, 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); IFC Markets costs about $18 (Classic Standard (fixed spread) account: 1.8 pips, no commission). On these typical figures FxPro is $8.4 cheaper per lot, or $84 a month at 10 lots. Swap and other fees are extra.

Minimum deposits start at $0 at FxPro and $15 at IFC Markets (the Classic Standard (fixed spread) account needs $1,000). Both offer negative balance protection. Only FxPro offers segregated client money.

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

FxPro profileIFC 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
IFC MarketsOffshore registration onlyRead the profile
Comparing
FxProRaw+ account · United Kingdom
IFC MarketsClassic Standard (fixed spread) account · British Virgin Islands

Overview

Founded
Not yet checked
2006
Headquarters
London, United Kingdom
Not yet checked
Official websites
  • fxpro.com
  • fxpro.co.uk
  • ifcmarkets.com
  • ifcmarkets.co.in
  • ifcmarkets.ae
  • ifcmarkets.hk
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
FxPro UK Limited
IFCMARKETS. CORP.
Regulator
FCA
United Kingdom
BVI FSC
British Virgin Islands
Regulation level
Strictly regulated
Offshore registration only
Licence number
509956
Check the register
SIBA/L/14/1073
Check the register
Clients this company serves
UK residents
International clients (not residents of the US, Russia or the BVI)
All licences held
  • FCA (United Kingdom)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
  • BVI FSC (British Virgin Islands)
  • Labuan FSA (Labuan, Malaysia)
Segregated client money
Yes
No
Negative balance protection
Yes
Yes
Compensation scheme
FSCS for eligible clients of FxPro UK Limited; ICF for eligible clients of the Cyprus company
None

Costs

Your monthly cost
$96$9.6 per lot × 10 lots
$180$18 per lot × 10 lots
Cost per lot (EUR/USD)
$9.6
$18
Spread from
0.2 pips
1.8 pips
Typical EUR/USD spread
0.3 pips
1.8 pips
Commission per lot (round turn)
$7
None
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
1:400 on Micro and Nano accounts; 1:200 on Standard accounts
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)
  • All instruments, Standard accounts: Up to 1:200
  • All instruments, Micro and Nano accounts: Up to 1:400
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
10%

Account

Minimum deposit (this account)
$0
$1,000
Base currencies
Not yet checked
USD, EUR, JPY
Execution
Market execution, raw spread plus $3.50 per side commission (MT4 and MT5)
Instant execution, fixed spread, no commission (MT4 and NetTradeX)

Platforms and features

Platforms
  • FxPro platform and app
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • NetTradeX
  • MetaTrader 4
  • MetaTrader 5
  • Web terminal
  • Mobile apps
Markets
2,100+ CFDs on forex, metals, indices, energy, futures, cryptocurrencies, shares and ETFs
650+ CFDs on forex, metals, indices, stocks, commodities, ETFs and cryptocurrencies, plus self-built synthetic instruments
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
  • Bank transfer
  • Bank card
  • Cryptocurrency
  • Open Banking
  • Local bank (Africa)
  • Mobile money
  • WebMoney
Withdrawal fee
No FxPro fee on deposits or withdrawals; e-wallet withdrawals may be charged if you have not traded
Bank wire at your bank's fee; card, crypto and e-wallet withdrawals carry fees that vary by method (for example 3% for Open Banking)
Inactivity fee
None stated; live accounts are disabled after 3 months without activity and can be reactivated on request
Up to $10 a month after 12 months without trading, only while the balance is positive

Support

Customer support
24/5 by live chat, email and phone
24/7 online support

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
  • Fixed 1.8-pip EUR/USD spread on Classic accounts, so costs are known in advance
  • Micro and Nano accounts from $15
  • Choice of NetTradeX, MT4 and MT5, with hedging or netting on MT5 and NetTradeX
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
  • Licensed only in the BVI (offshore) and Labuan; no FCA, ASIC, CySEC or similar licence
  • Stop-out level of only 10%, so positions are closed late and losses can run far
  • Monthly inactivity fee of up to $10 after 12 months without trading
  • Standard accounts need a $1,000 first deposit

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.
  • IFC Markets: Your capital is at risk. Leveraged products may not be suitable for everyone.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

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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