FxPro 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, Raw+, Elite and cTrader accounts from a broker that has been on Bloomberg for a decade.
Raw Spread accounts on MetaTrader, cTrader and TradingView, from the Seychelles-regulated Raw Trading Ltd.
| Detail | FxPro | IC Markets |
|---|---|---|
| Regulation | FxPro UK Limited, FCA · FxPro Financial Services Ltd, CySEC and FSCA · FxPro Global Markets Ltd, SCB Bahamas | Raw Trading Ltd, FSA Seychelles Securities Dealer licence SD018 (reg. 8419879-1). Affiliated ICMP Ltd, Limassol, Cyprus. |
| Max Leverage | 1:Unlimited (their stated maximum) | — |
| Spread From | Standard from 1.2 pips · Raw+ zero spread for 90%+ of the day · cTrader from 0.2 | — |
| Commission | Raw+: max $3.50 per lot per side · cTrader: $35 per $1 million traded · Standard: none | — |
| Platforms | FxPro Trading Platform, TradingView, MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Social, ZuluTrade |
| Account Types | Standard, Raw+, Elite, cTrader | Raw Spread, cTrader Raw Spread, Standard, Swap Free |
| Founded | 2006 | — |
What the figures say
- FxPro publishes its max leverage (1:Unlimited (their stated maximum)); IC Markets does not state one on the pages we read.
- FxPro publishes its spread from (Standard from 1.2 pips · Raw+ zero spread for 90%+ of the day · cTrader from 0.2); IC Markets does not state one on the pages we read.
- FxPro publishes its commission (Raw+: max $3.50 per lot per side · cTrader: $35 per $1 million traded · Standard: none); IC Markets does not state one on the pages we read.
- Account Types: FxPro lists Standard, Raw+, Elite, cTrader; IC Markets lists Raw Spread, cTrader Raw Spread, Standard, Swap Free.
- FxPro also lists Shares, Energy, Metals, ETFs.
- IC Markets also lists Commodities, Bonds, Stocks.
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.
FxPro: why traders choose it
- Standard account: floating FX spreads from 1.2 pips on MT4/MT5 with micro lots
- Raw+ account: zero spread for more than 90% of the trading day, commission capped at $3.50 per lot per side
- Elite account: Raw+ pricing plus rebates of up to 21% of commissions
- cTrader account: spreads from 0.2 with $35 per $1 million traded
- Stop-out at 0% and leverage described as 1:Unlimited on their site
- Featured on Bloomberg TV for more than ten years
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
FxPro pros
- Four genuinely different pricing models, including a per-million commission on cTrader that suits large tickets
- Regulated by the FCA in the UK as well as CySEC, the FSCA and the SCB
- Their own platform sits alongside TradingView, MT4, MT5 and cTrader
FxPro cons
- Minimum deposits are not on the accounts page; they appear during registration
- Unlimited leverage and a 0% stop-out belong to the offshore entity, not the FCA or CySEC ones
- The Elite rebate needs volume to matter
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 FxPro
FxPro, founded in 2006, offers Standard, Raw+, Elite and cTrader accounts across its own platform, TradingView, MetaTrader 4 and 5 and cTrader. The group is regulated by the FCA in the UK, CySEC in Cyprus, the FSCA in South Africa and the SCB in the Bahamas.
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.