Compare forex brokers FxPro VS Ic Markets

If you're choosing between FxPro and Ic Markets forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FxPro better than Ic Markets? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FXPRO VS IC MARKETS

FxPro
FxPro Overview

Founded in 2006, FxPro has executed more than 370 million orders since inception. With retail and institutional clients in over 170 countries, the FxPro brand holds regulatory licenses in the United Kingdom (UK) under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, South Africa, the Bahamas, Dubai, and the United Arab Emirates.

IC Markets
IC Markets Overview

International Capital Markets, known as IC Markets, is a regulated ECN broker headquartered in Australia, offering more than 236 tradable assets across Forex, Stocks, Indices, Commodities, Cryptocurrencies, Bonds and Futures on three different trading platforms.

# Broker's Features FXPRO Availability IC MARKETS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FxPro vs Ic Markets.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FxPro offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures, while Ic Markets offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FxPro is No Dealing Desk, while Ic Markets is ECN, STP.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FxPro recommended minimum capital is N/A, while Ic Markets has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FxPro is regulated by CySEC, FCA, FSB, DFSA, SCB, while Ic Markets regulated by ASIC, CySec, FSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FxPro offers EUR, USD, GBP, CHF, JPY, PLN, AUD, ZAR different account currencies for each account types, while Ic Markets offers AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FxPro offers Arabic, Chinese, English, French, German, Hungarian, Romanian, Turkish, Czech, Slovak, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese., while Ic Markets offers English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FxPro offers Credit/Debit Cards, Bank Wire Transfer, PayPal, Neteller, Moneybookers different payment methods for each account types, while Ic Markets offers Credit/Debit Cards, Moneybookers, Neteller, PayPal, Skrill, Wire payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FxPro makes MT4, MT5, cTrader, FxPro Edge available to clients, while Ic Markets offers MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader.

The Verdict: FxPro or Ic Markets?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Ic Markets is more reliable based on our criteria above. Ic Markets has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Ic Markets offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Ic Markets offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As Ic Markets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

What We Really Like on Ic Markets

IC Markets has very low trading and non-trading fees. It has also an easy and fast account opening. The deposit and withdrawal are free and user-friendly.

What We’d Like More on Ic Markets

With IC Markets you will not have any investor and negative balance protection. It has a limited product portfolio offering only forex, some CFDs, and crypto.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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