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
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  • Outdated web and desktop platform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  • Outdated design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
  • 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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