This contrast overview assists customers who have a hard time to pick between FxPro and IC Markets to find the best online broker for their trading and investment needs. It examines the main features of the two brokers side by side to aid users contrast their solution and make an informed choice.
To aid users choose the right broker between FxPro and IC Markets to find the best-suited system, below is a checklist of broker’s advantages and disadvantages, followed by a contrast of their main trading functions, including trading platforms & tools, costs, mobile trading, deposit & withdrawal, properties, policy, and customer support.
FxPro vs. IC Markets: Summary
FxPro is a reputable forex and CFD broker regulated by two tier-one regulators including the FCA and MiFID. They allow users to trade on over 2,200 tradable symbols including 400 CFDs on forex,shares, cryptos, indices and metals. FXPro users can choose from a variety of trading platforms including a proprietary platform (FxPro Edge), MetaTrader 4, MetaTrader 5, and cTrader. They also have access to various trading tools like Trading Central trading signals, over 50 indicators and a handful of charting tools.
FxPro trading fees are above industry average when compared to industry leaders like Pepperstone or IG. The broker’s minimum deposit requirement is $0.
Their customer support is available 24/7 by email, live chat, and phone in English, Arabic, and over 20 other languages.
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
Pros
- Access to 2,200 tradable symbols
- MetaTrader 4, MetaTrader 5, and cTrader integration
- Fast order execution
- Excellent customer support
- Micro lot trading
- Fast order execution
Cons
- Only offers CFD and forex trading
- Slightly above average trading fees
- Inactivity fees
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Key features
- Access to 2,200 + tradable instruments
- Wide range of mobile trading apps (FxPro edge, MT4, MT5 and cTrader)
- Competitive forex spreads from 1.2 pips EUR/USD
- MT4, MT5 and cTrader integration
- Trading signals by Trading Central
- Fast and reliable order execution below 14ms
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
FxPro vs. IC Markets Comparison
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IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | No |
| Deposit Fee | 0 | No |
| Inactivity Fee | $5 | 0 |
| Cost Per Trade | 0 | $3.5 per lot |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.1 pips | 1.2 pips |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 3.5 pips | 0 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0.01% | |
| Misc. Fees | 0 | |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $200 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 40 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 70 | 75 |
| CFD Indices & Funds | 42 | 25 |
| CFD Stocks | 2030 | 2100+ |
| CFD Commodities | 8 | 28 |
| CFD Crypto | 31 | 13 |
| CFD Bonds | 0 | 9 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
FxPro vs. IC Markets Comparison Conclusion
The results of our comparison of FxPro vs. IC Markets are involved the table listed below.
| Broker: | Best For: |
| FxPro | Forex and CFDs; MetaTrader Broker |
| IC Markets | Forex and CFDs; Algorithmic Trading |
Choosing the ideal option between FxPro and IC Markets can be hard. Both on the internet brokers have resemblances but vary relating to trading instruments, systems & applications, guideline, down payment & withdrawals, and study and education. Choosing the very best broker depends on customers’ trading & investment goals, private preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.