FP Markets vs IC Markets 2026: Which Broker is Better?
FP Markets and IC Markets are both prominent Australian brokers, offering comprehensive trading options across forex, CFDs, stocks, indices, commodities, and cryptocurrencies. The key difference lies in their minimum deposit requirements, with FP Markets offering a lower entry point of $100 compared to IC Markets' $200, appealing to traders with smaller capital. FP Markets is favoured by traders seeking low entry costs and access to TradingView, while IC Markets attracts those prioritising ultra-low spreads and fast execution speeds. Both are regulated by ASIC and CySEC, ensuring a secure trading environment.
FP Markets
IC Markets
| FP Markets | IC Markets | |
|---|---|---|
| BrokerRank Score | 3.8/5 | 3.9/5 ✓ |
| Min. Deposit | $100 ✓ | $200 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | ASIC, CySEC |
| Platforms | MT4, MT5, TradingView | MT4, MT5, TradingView |
FP Markets (3.8/5) and IC Markets (3.9/5) are closely matched. FP Markets has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowFP Markets vs IC Markets: Key Differences
FP Markets
WinnerIC Markets
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Fees Comparison
FP Markets
Lower feesIC Markets
BrokerRank Verdict
Who Should Choose Which?
FP Markets
3.8/5
Choose FP Markets if you want…
- Lower minimum deposit ($100)
- More established (est. 2005)
IC Markets
3.9/5
Choose IC Markets if you want…
Similar strengths to FP Markets — compare below.
Also consider
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Both FP Markets & IC Markets are available in
Frequently Asked Questions
1Is FP Markets better than IC Markets?
FP Markets (3.8/5) and IC Markets (3.9/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
2Which has lower fees, FP Markets or IC Markets?
FP Markets offers spreads from 0 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FP Markets vs IC Markets?
FP Markets requires a minimum deposit of $100. IC Markets requires $200.
4Which broker is safer, FP Markets or IC Markets?
FP Markets is regulated by ASIC, CySEC, while IC Markets holds licences from ASIC, CySEC.
5What trading platforms do FP Markets and IC Markets support?
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both FP Markets and IC Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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BrokerRank Research
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76% of Brokers Use Proprietary Platforms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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