FP Markets vs IC Markets: which broker is better in 2026?
We compare FP Markets and IC Markets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, IC Markets edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaFP MarketsIC Markets
Overall score 3.8 4.1
Regulation & safety 3.5 3.5
Fees & deposit 4.0 4.5
Platform & assets 4.0 4.5
User support 3.5 4.0
Trust score74/10080/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, cTrader, IRESSMetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Mobile App
Fee modelRaw spread + commission (Raw) or Standard; competitiveSeveral account types (Raw Spread, Standard, Raw Pro/Pro+, cTrader Raw Spread, Swap Free) — the fee structure per account type has not been verified in detail
Pros & cons
- ASIC/CySEC regulation + full platform selection (including IRESS for stocks)
- Competitive raw spreads
- Operating since 2005
- The global entity (St. Vincent) is less strict than ASIC/CySEC
- Mid-size brand, not a tier-1 giant
- Leverage is high-risk
- One of the most popular raw-spread ECN brokers for scalping/algo trading (very low costs)
- Very complete platform selection (MT4/MT5/cTrader/TradingView)
- Regulated by ASIC (Australia) + CySEC for certain entities
- A class-action record (reported since 2024) alleging it misled investors — no verdict yet, but a relevant public fact
- Many clients via offshore entities (Seychelles/Bahamas)
- Leverage is high-risk
Regulation at a glance
FP Markets
Australian (2005) — regulated by ASIC (Australia), CySEC (Cyprus), FSA (St. Vincent for the global entity).
IC Markets
Exact license numbers not yet verified — the official site mentions multi-regulation but the detailed regulation page was inaccessible during our check. Verify directly with the regulator (ASIC, CySEC, or the Seychelles FSA depending on the entity) before signing up.