FxPro vs IC Markets 2026: Which Broker is Better?

Regulation & Safety

FxPro, established in 2006 and headquartered in London, UK, is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). The broker offers significant fund protection schemes, including negative balance protection, ensuring client funds are safeguarded under strict regulatory standards. The FCA regulation, in particular, is a notable advantage, offering high levels of oversight and security.

IC Markets, founded in 2007 and based in Sydney, Australia, is also regulated by ASIC and CySEC. While it lacks FCA regulation, ASIC is a reputable body known for its robust regulatory framework. IC Markets employs segregated client accounts and offers negative balance protection, aligning with industry standards for client safety.

Fees & Spreads

FxPro operates with spreads starting from 0.6 pips and does not charge commissions on trades, which can be appealing for traders seeking a straightforward fee structure. The minimum deposit is $100, making it accessible for traders with smaller capital. However, standard account holders may find the spreads higher compared to competitors, particularly in forex and CFD trading.

IC Markets boasts ultra-low spreads starting from 0.0 pips, but this comes with a commission of $3.5 per lot traded. The minimum deposit requirement is $200, which is higher than FxPro but justified by the low-cost trading environment. Overnight fees apply, consistent with industry norms, but the overall fee structure is competitive, especially for high-volume traders.

Trading Platforms

FxPro offers a range of platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary web and mobile platforms. This variety caters to diverse trading needs, from algorithmic trading on MT4 to the advanced features of MT5. In contrast, IC Markets supports MT4, MT5, and TradingView, but lacks a proprietary platform. TradingView integration is particularly attractive for traders who rely on sophisticated charting tools.

Who Should Choose FxPro?

• Traders seeking FCA-regulated brokerages.
• Individuals preferring no commission trading.
• Those who use proprietary trading platforms.
• Investors requiring negative balance protection.

Who Should Choose IC Markets?

• High-frequency traders needing ultra-low spreads.
• Traders who prefer using TradingView for analysis.
• Investors comfortable with a $200 minimum deposit.
• Clients seeking ASIC-regulated brokers.

Our Verdict

For beginners, FxPro is the better choice due to its lower minimum deposit and strong regulatory framework. Professional traders might prefer IC Markets for its low spreads and fast execution speeds. On fees, IC Markets takes the edge with its competitive pricing structure.