FBS vs IC Markets
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
A Belize-licensed broker with its own app, MetaTrader 4 and 5, and a large partner programme.
Raw Spread accounts on MetaTrader, cTrader and TradingView, from the Seychelles-regulated Raw Trading Ltd.
| Detail | FBS | IC Markets |
|---|---|---|
| Regulation | FBS Markets Inc., FSC Belize licence 000102/31 (reg. 000001317), Belize City | Raw Trading Ltd, FSA Seychelles Securities Dealer licence SD018 (reg. 8419879-1). Affiliated ICMP Ltd, Limassol, Cyprus. |
| Platforms | FBS App, MetaTrader 4, MetaTrader 5, MultiTerminal | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Social, ZuluTrade |
| Account Types | — | Raw Spread, cTrader Raw Spread, Standard, Swap Free |
What the figures say
- IC Markets publishes its account types (Raw Spread, cTrader Raw Spread, Standard, Swap Free); FBS does not state one on the pages we read.
- FBS also lists Metals, Energies.
- IC Markets also lists Commodities, Bonds, Crypto, Futures.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
FBS: why traders choose it
- FBS App plus MetaTrader 4 and 5 on Android, iOS, web, Windows and macOS
- MultiTerminal and a VPS for traders running several accounts or EAs
- Forex, exotic forex pairs, metals, indices, energies and stocks
- FBS Academy, webinars, analytics and trading calculators built into the site
- Payment processing handled by a Cyprus company named in the footer
IC Markets: why traders choose it
- Four account types: Raw Spread, cTrader Raw Spread, Standard and Swap Free
- Seven ways to trade, including cTrader, TradingView and the IC Social copy-trading app
- Product range covers forex, commodities, indices, bonds, crypto, stocks, 24-hour stock CFDs and futures CFDs
- Leverage is dynamic and can change at any time, which their own risk warning spells out
- 24/7 support
FBS pros
- A wide device list: the same accounts on phone, web and desktop
- A published Belize licence number and physical address
- Strong education section for a first account
FBS cons
- The account-types page we requested returned a 404, so minimum deposit, spreads and leverage are not confirmed here
- Not available to residents of the USA, EU, UK, Israel, India, Iran or Myanmar
- A single offshore licence on the international site
IC Markets pros
- One of the few brokers offering cTrader, TradingView and both MetaTrader versions side by side
- A dedicated swap-free account rather than a swap-free flag bolted onto another type
- The regulator and licence number are printed on every page
IC Markets cons
- The international site is the Seychelles entity; other IC Markets entities serve Australia and Europe with different terms
- Minimum deposit, spreads and commission were not on the pages we could reach; the account comparison sits behind the client area
- Not available to residents of the US, Canada, New Zealand, Iran or North Korea
About FBS
FBS is operated by FBS Markets Inc., licensed by the Financial Services Commission of Belize. It offers forex, metals, indices, energies and stocks on its own app, MetaTrader 4, MetaTrader 5 and MultiTerminal, with a large education and partner programme.
About IC Markets
IC Markets trades under Raw Trading Ltd, a Seychelles securities dealer, on the international site. It is known for raw-spread pricing and for supporting more platforms than most brokers: MetaTrader 4 and 5, cTrader, TradingView, a web terminal and its own IC Social copy-trading app.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.