IC Markets
FxPesa
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
Choosing between IC Markets and FxPesa depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while FxPesa operates from Nairobi, Kenya. IC Markets has the longer track record, established in 2007, compared to FxPesa which was founded in 2019. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IC Markets
FxPesa
IC Markets is the better choice overall, scoring 3.9/5 vs 3.3/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
IC Markets
3.9 vs 3.3
Lowest Fees
IC Markets
0 vs 0.6 pips
Regulation
IC Markets
2 vs 1 licences
Min. Deposit
IC Markets
$200 vs $5
IC Markets
WinnerFxPesa
IC Markets
FxPesa
IC Markets holds licences from ASIC, CySEC. FxPesa is regulated by CMA.
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. IC Markets additionally covers Stocks. FxPesa adds Commodities.
On spreads, IC Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at FxPesa.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxPesa offers MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on MT5, Proprietary Mobile.
IC Markets requires a minimum deposit of $200, while FxPesa sets a minimum deposit of $5. Both are suitable for traders with moderate starting capital.
BrokerRank scores IC Markets at 3.87/5 and FxPesa at 3.27/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IC Markets leads overall with a clear advantage.
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs FxPesa's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
IC Markets offers spreads from 0 pips, while FxPesa starts at 0.6 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. FxPesa requires $5.
IC Markets is regulated by ASIC, CySEC, while FxPesa holds licences from CMA.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxPesa supports MT5, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.