Compare FP Markets vs IC Markets

Online brokers compared for fees, trading platforms, safety and more. See how FP Markets stacks up against IC Markets!

FP Markets vs IC Markets
open account	Open account 74-89% of retail CFD accounts lose money	Open account 74.25% of retail CFD accounts lose money
overall rating	4.4	4.4
overall pros	Low forex fees Easy and fast account opening Quick deposit and withdrawal	Low forex fees Easy and fast account opening Free deposit and withdrawal
overall cons	High stock CFD fees Limited product portfolio Outdated web and desktop platform	Limited product selection Slow live chat support No investor protection for non-EU clients
fees	3.8 Low trading fees Low non-trading fees Low forex fees High stock CFD fees High fee for international bank withdrawal	4.3 Low trading fees Low non-trading fees Low forex fees High financing rate for CFDs
account opening	5.0 Fast Fully digital No minimum depsoit for forex accounts High minimum account balance for CFD and stock account types	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.9 Credit/Debit card available No deposit fee Several account base currencies Some withdrawal options are not free of charge	4.9 Credit/Debit card available No deposit fee Several account base currencies AUD 20 fee for international bank withdrawal
web trading platform	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Outdated design	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design
mobile trading platform	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login No order confirmation	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design
markets and products	1.9 Forex CFD Crypto Real stocks from the Australian market	1.8 Forex CFD Crypto
research	4.3 Trading ideas Data on asset fundamentals User-friendly	3.8 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	4.0 Live chat Great email and phone support No 24/7 support	3.6 Phone support Live chat Fast response time Slow and not useful live chat
education	4.0 Demo account Trading platform tutorial No webinars	4.5 Demo account Trading platform tutorial Educational videos Videos are hard to find on the site
safety	Negative balance protection under CySEC €20,000 investor protection under CySEC Does not hold a banking license No negative balance protection under ASIC No investor protection under ASIC	Long track record Negative balance protection for EU customers Not listed on stock exchange Financial information is not publicly available
recommended for	Forex and CFD traders familiar with MetaTrader and IRESS trading platforms	Forex and CFD traders who value easy account opening and free deposit/withdrawal options

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