FP Markets 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.
Standard and Raw accounts from $100 with leverage to 1:500 and ECN pricing on both.
Raw Spread accounts on MetaTrader, cTrader and TradingView, from the Seychelles-regulated Raw Trading Ltd.
| Detail | FP Markets | IC Markets |
|---|---|---|
| Regulation | — | Raw Trading Ltd, FSA Seychelles Securities Dealer licence SD018 (reg. 8419879-1). Affiliated ICMP Ltd, Limassol, Cyprus. |
| Minimum Deposit | US$100 or equivalent | — |
| Max Leverage | 1:500 | — |
| Spread From | Standard from 1.0 pips · Raw from 0.0 pips | — |
| Commission | Standard: zero · Raw: US$3 per lot per side | — |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw) | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Social, ZuluTrade |
| Account Types | Standard, Raw | Raw Spread, cTrader Raw Spread, Standard, Swap Free |
What the figures say
- IC Markets publishes its regulation (Raw Trading Ltd, FSA Seychelles Securities Dealer licence SD018 (reg. 8419879-1). Affiliated ICMP Ltd, Limassol, Cyprus.); FP Markets does not state one on the pages we read.
- FP Markets publishes its minimum deposit (US$100 or equivalent); IC Markets does not state one on the pages we read.
- FP Markets publishes its max leverage (1:500); IC Markets does not state one on the pages we read.
- FP Markets publishes its spread from (Standard from 1.0 pips · Raw from 0.0 pips); IC Markets does not state one on the pages we read.
- FP Markets publishes its commission (Standard: zero · Raw: US$3 per lot per side); IC Markets does not state one on the pages we read.
- Account Types: FP Markets lists Standard, Raw; IC Markets lists Raw Spread, cTrader Raw Spread, Standard, Swap Free.
- FP Markets also lists Metals.
- IC Markets also lists 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.
FP Markets: why traders choose it
- Two accounts, both from US$100 and both on ECN pricing
- Raw account: spreads from 0.0 pips plus US$3 per lot each way
- Standard account: spreads from 1.0 pips and no commission
- Leverage up to 1:500 on both accounts, jurisdiction permitting
- TradingView is available on the Raw account, alongside MT4, MT5 and cTrader
- EAs, a mobile app and a VPS are listed for both accounts; minimum trade 0.01 lot
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
FP Markets pros
- The whole offer fits in one table on their site: two accounts, one minimum, clear costs
- US$3 per side is at the low end for a raw account
- Stocks and bonds are on the Raw account, not just forex and metals
FP Markets cons
- 1:500 depends on your jurisdiction; the ASIC and CySEC entities are capped far lower
- The Standard account does not include stocks or bonds
- The page we read did not name the regulator for the entity serving Bangladesh; check the legal footer for your region
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 FP Markets
FP Markets keeps it to two accounts. Standard is commission-free from 1.0 pips; Raw prices from 0.0 pips with US$3 per lot per side. Both open from US$100, both run ECN pricing, and both offer leverage up to 1:500 where the local entity allows it.
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.