FxPro vs IC Markets (2026) — Which Is Better?
Compare FxPro and IC Markets — features, pricing, pros and cons.
Fees, feature availability, and plan details come from each provider's current documentation. If you're about to act on this, confirm the specific numbers on the vendor's site first. Methodology →
Bottom Line
Higher Rated
IC Markets (4.5)
More Affordable
FxPro (Free)
FxPro
FxPro is a globally regulated forex and CFD broker offering NDD execution across MT4, MT5, cTrader, and its proprietary Edge platform with 2,100+ instruments.
IC Markets
True ECN forex broker with the lowest average spreads in the industry, deep liquidity, and support for MT4/MT5/cTrader.
Spread, Regulation & Feature Breakdown
| Feature | FxPro | IC Markets |
|---|---|---|
| Rating | ★ 4.2 | ★ 4.5 |
| Starting Price | Free | Free |
| Free Tier | Yes | Yes |
| Markets | forex, indices, commodities, stocks, crypto | bonds, forex, crypto, stocks, indices, commodities, futures |
| AI Analysis | ✗ | ✗ |
| Backtesting | ✓ | ✓ |
| Paper Trading | ✓ | ✓ |
| Price Alerts | ✓ | ✓ |
| Mobile App | ✓ | ✓ |
| API Access | ✓ | ✓ |
| Social Features | ✗ | ✗ |
| Broker Integration | ✓ | ✓ |
| Custom Indicators | ✓ | ✓ |
| Automated Trading | ✓ | ✓ |
| Trade Journaling | ✗ | ✗ |
| Performance Analytics | ✓ | ✗ |
| Risk Management | ✓ | ✓ |
| News Feed | ✓ | ✗ |
| Education Content | ✓ | ✓ |
Forex Broker Head-to-Head
FxPro offers platform diversity with four options (MT4, MT5, cTrader, Edge), appealing to traders wanting interface choice. IC Markets focuses on execution speed and pricing as a pure ECN broker with sub-40ms latency and industry-leading spreads. Both charge zero fees for trading and share identical feature sets (AI analysis, backtesting, paper trading, alerts, mobile apps). FxPro rates 4.2/5; IC Markets edges ahead at 4.5/5.
FxPro's strength lies in regulatory breadth (FCA, CySEC, FSCA) and multi-platform flexibility for traders evaluating different environments. IC Markets differentiates on pure execution—true ECN with no dealing desk and sub-40ms speeds mean tighter fills, particularly for scalpers and active traders sensitive to slippage. FxPro's raw spreads start at 0.0 pips on cTrader, matching IC Markets' low-spread positioning.
Choose FxPro if platform flexibility and multi-jurisdictional regulatory comfort matter most, though accept a 6-month inactivity fee if dormant. IC Markets suits active traders prioritizing execution speed and transparency, accepting slower support during peak hours. For ultra-tight spreads and scalp-friendly execution, IC Markets wins. For traders wanting legacy infrastructure and platform optionality, FxPro delivers.
FxPro: Pros & Cons
Pros
- + Four trading platforms including MT4, MT5, cTrader, and proprietary FxPro Edge
- + Regulated by FCA, CySEC, FSCA and other top-tier authorities
- + Raw spreads from 0.0 pips available on cTrader accounts
- + Full support for automated trading via Expert Advisors and cAlgo
- + Access to 2,100+ instruments across forex, CFDs, and crypto
Cons
- - Not available to US residents
- - Inactivity fee charged after 6 months with no trading activity
- - Standard account spreads are higher than raw cTrader pricing
- - Weekend customer support is limited
IC Markets: Pros & Cons
Pros
- + Lowest average spreads in the industry
- + True ECN execution with no dealing desk
- + Sub-40ms execution speeds
- + Supports all trading styles including scalping
Cons
- - Not available to US residents
- - Customer support can be slow during peak times
- - Limited research and analysis tools