Broker Overview
IC Markets
IC Markets is an execution-first broker built around raw pricing, low-latency infrastructure, and institutional-style liquidity access. It is especially strong for scalpers, expert advisor users, and traders who care more about spreads, execution speed, and platform depth than about a simplified beginner-oriented trading environment.
FxPro
FxPro is a more platform-diverse multi-asset broker that combines several execution models with a polished proprietary ecosystem. It appeals to traders who want to choose between standard spread pricing, raw-style pricing, cTrader-based trading, and an additional native platform layer inside one broker group.
Regulation Comparison
IC Markets Regulation
- IC Markets Global / Raw Trading Ltd – Seychelles FSA (Licence SD018)
- IC Markets group also operates an Australian entity regulated by ASIC
FxPro Regulation
- FxPro UK Limited – FCA (Registration 509956)
- FxPro Global Markets Limited – SCB Bahamas (SIA-F184)
- Invemonde Trading Ltd in partnership with FxPro Global Markets Ltd – Seychelles FSA (SD120)
Note: Both brands operate through multiple entities, so leverage, legal protections, and onboarding conditions can vary depending on residency and the specific contracting entity shown during registration.
Account Types Comparison
IC Markets Account Types
- Standard
- Raw Spread (MT4 / MT5)
- cTrader / TradingView Raw trading setup
Deposit Entry Point: Help Centre states no minimum deposit requirement, although some marketing pages still present USD 200 as a practical starting level.
FxPro Account Types
- Standard
- Raw+
- Elite
- cTrader
Deposit Entry Point: Standard account has no fixed minimum deposit, but FxPro recommends an initial deposit of USD 1,000 for a smoother trading experience.
Verdict: FxPro has the clearer account ladder and more visibly segmented account identities, while IC Markets is more streamlined if the trader’s main goal is simply standard pricing versus raw pricing.
Spreads & Execution
IC Markets
- Standard Account: Commission-free pricing
- Raw Spread Account: Spreads from 0.0 pips
- Average EUR/USD: 0.1 pips on Raw Spread
- Commission: $3.50 per side per lot on MT4 / MT5 Raw Spread
- Execution: Average execution speed under 40ms, with NY4 infrastructure and strong support for scalping and automated trading
FxPro
- Standard Account: Floating FX spreads from 1.2 pips via MT4 / MT5
- Raw+ Account: From 0 pips + max $3.5 per lot per side
- Elite Account: From 0 pips + $3.5 per side, with rebates starting from $1.50 per lot
- cTrader Account: Ultra-low spreads from 0.2 + $35 per USD 1 million traded on FX pairs and spot metals
- Execution: No Dealing Desk execution model with multiple platform-specific pricing paths
Winner: IC Markets wins for traders who care most about raw execution conditions and low-latency infrastructure. FxPro is competitive and more modular, but IC Markets still looks sharper for pure scalping and algorithmic trading use cases.
Trading Platforms
IC Markets Platforms
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
- TradingView
FxPro Platforms
- FxPro Platform / WebTrader
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
- TradingView
Advantage FxPro: Both brokers cover the major serious-trader platforms, but FxPro has the broader ecosystem because it adds its own native platform layer on top of MT4, MT5, cTrader, and TradingView.
Deposits & Withdrawals
IC Markets
- Funding Options: 15+ funding methods in 10 base currencies
- Fees: No extra deposit or withdrawal fees from IC Markets Global, though bank fees may still apply
- Processing: Same-day processing for requests before the stated cut-off time
- Positioning: Strong international funding breadth with “instant deposit / fast withdrawal / 0% commission” messaging
FxPro
- Funding Flow: Wallet-based funding via FxPro Direct / FxPro app
- Fees: No commissions from the FxPro side on deposits and withdrawals, though third-party provider fees may apply
- Processing: Fast withdrawals supported through the app ecosystem; international bank wire deposits typically take 3–5 business days
- Positioning: Clean retail-facing funding experience with integrated account and wallet management
Winner: IC Markets is slightly stronger on breadth of funding coverage, while FxPro feels more polished from an account-management perspective. For most comparison readers, this section is close rather than one-sided.
Customer Support & Education
IC Markets Support
IC Markets provides 24/7 dedicated support and backs it up with webinars, tutorials, platform resources, and education content. The overall tone remains execution-led, but the support availability is strong.
- • 24/7 dedicated support
- • Education, webinars, and platform resources
- • Strong fit for active-trader support needs
FxPro Support
FxPro offers 24/5 support in more than 20 languages and combines that with educational material, tools, and demo access. It feels more consumer-polished, though not around-the-clock in the same way as IC Markets.
- • 24/5 support
- • Multilingual support in 20+ languages
- • Strong all-round retail support environment
Detailed Pros & Cons
IC Markets
Pros
- Excellent raw spread pricing and execution profile
- Strong for scalping, EAs, and high-frequency styles
- MT4, MT5, cTrader, and TradingView support
- Broad funding options
- 24/7 dedicated support
Cons
- Less polished account segmentation than FxPro
- Deposit messaging is not perfectly consistent across official pages
- More execution-focused than beginner-friendly
FxPro
Pros
- Broader overall platform ecosystem
- Clearer and more differentiated account structure
- No fixed minimum deposit on standard account
- Strong wallet and app-based account management
- 24/5 multilingual support in 20+ languages
Cons
- Recommended starting balance is materially higher than the “retail entry” image suggests
- 24/5 support rather than 24/7
- Not quite as specialist-looking as IC Markets for pure raw-execution traders
Trading Costs Breakdown
| Account | Spread | Commission | Notes |
|---|---|---|---|
| IC Markets Standard | Commission-free pricing | $0 | Best for traders who want simpler all-in spread pricing |
| IC Markets Raw Spread | From 0.0 pips | $3.50 / side / lot | Average EUR/USD 0.1 pips |
| FxPro Standard | From 1.2 pips | $0 | Standard MT4 / MT5 spread-based pricing |
| FxPro Raw+ | From 0 pips | Max $3.5 / side / lot | Designed for lower spread trading on MT4 / MT5 |
| FxPro cTrader | From 0.2 | $35 / USD 1 million traded | Best suited to cTrader / TradingView style traders |
Note: All spreads are floating and market-dependent. The more professional way to present this comparison is to compare each broker’s cost model rather than imply that live spreads are static.
Final Verdict & Recommendations
For Complete Beginners
FxPro - more intuitive account structure and more polished ecosystem
For Professional Traders
IC Markets - stronger raw execution profile and active-trader positioning
For Low-Cost Trading
IC Markets - stronger raw spread case for scalpers and EA users
For Scalping / EA Trading
IC Markets - clearer specialist advantage
For Platform Variety
FxPro - wider overall platform ecosystem
For All-Round Flexibility
FxPro - better if the user wants multiple ways to trade inside one broker
Overall Recommendation:
IC Markets wins for: traders focused on raw spreads, scalping, low-latency execution, and algorithmic trading.
FxPro wins for: traders who want more platform choice, cleaner account segmentation, and a more polished multi-platform retail ecosystem.
Bottom Line: If the article is aimed at serious active traders, IC Markets is the stronger pick. If the article is aimed at a broader audience that values platform flexibility and account choice, FxPro is easier to position.