IC Markets vs FxPesa 2026: Which Broker is Better?
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 | FxPesa | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.3/5 |
| Min. Deposit | $200 ✓ | $5 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:400 |
| Regulation | ASIC, CySEC ✓ | CMA |
| Platforms | MT4, MT5, TradingView | MT5, Proprietary Web, Proprietary Mobile |
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 belowIC Markets vs FxPesa: Key Differences
IC Markets
WinnerFxPesa
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Fees Comparison
IC Markets
FxPesa
Regulation & Trust
IC Markets holds licences from ASIC, CySEC. FxPesa is regulated by CMA.
Markets & Assets
Both brokers offer access to Forex, Cfd, Crypto, Indices markets. IC Markets additionally covers Stocks. FxPesa adds Commodities.
Fees & Spreads
On spreads, IC Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at FxPesa.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxPesa offers MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on MT5, Proprietary Mobile.
Minimum Deposit
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.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
FxPesa
3.3/5
Choose FxPesa if you want…
- No per-trade commission
- Lower minimum deposit ($5)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both IC Markets & FxPesa are available in
Frequently Asked Questions
1Is IC Markets better than FxPesa?
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.
2Which has lower fees, IC Markets or FxPesa?
IC Markets offers spreads from 0 pips, while FxPesa starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs FxPesa?
IC Markets requires a minimum deposit of $200. FxPesa requires $5.
4Which broker is safer, IC Markets or FxPesa?
IC Markets is regulated by ASIC, CySEC, while FxPesa holds licences from CMA.
5What trading platforms do IC Markets and FxPesa support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. FxPesa supports MT5, Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and FxPesa?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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