IC Markets vs FxPro
Choosing between IC Markets and FxPro is a common decision for forex traders in Africa. In our analysis, FxPro scores 87/100 on our Hub Score compared to IC Markets's 86/100. For traders with limited starting capital, FxPro has a lower entry point at $100. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, FxPro scores higher overall with 87/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
IC Markets
FxPro
| Feature | IC Markets | FxPro |
|---|---|---|
| Hub Score | 86/100 | 87/100 |
| Min. Deposit | $200 | $100 |
| Spreads | From 0.0 pips | From 0.0 pips |
| Max Leverage | 1:5000 | 1:500 |
| Regulation | ASIC, CySEC, FSA | CySEC, FCA, DFSA, FSCA, SCB, FSC Mauritius |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge |
| Account Types | Standard, Raw Spread, cTrader Raw Spread, Islamic | Standard, Raw+, Elite |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Indices, Commodities, Shares, ETFs, Crypto |
| Founded | 2007 | 2006 |
| Headquarters | Sydney Australia | Limassol, Cyprus |
Pros
- Raw spreads from 0.0 pips
- Ultra-fast execution speeds
- Institutional-grade liquidity
- Award-winning execution quality
- 2300+ instruments available
Cons
- Higher minimum deposit $200
- Limited educational resources
- Complex for beginners
- Fewer account type options
Pros
- Superior NDD execution with no dealer intervention
- Full suite of platforms including cTrader and MT5
- FxPro Wallet for segregated capital risk management
- Tier-1 liquidity with ultra-fast order filling
- No internal fees on deposits or withdrawals
Cons
- Higher minimum deposit $100
- Limited crypto offerings
- No proprietary trading tools
- Spreads not the tightest available
Which broker has lower spreads, IC Markets or FxPro?
IC Markets offers spreads from From 0.0 pips, while FxPro offers spreads from From 0.0 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for IC Markets vs FxPro?
IC Markets requires a minimum deposit of $200, while FxPro requires $100.
Is IC Markets or FxPro better regulated?
IC Markets is regulated by ASIC, CySEC, FSA, while FxPro is regulated by CySEC, FCA, DFSA, FSCA, SCB, FSC Mauritius. Always verify regulation status directly with the relevant authority.
Which is better for beginners, IC Markets or FxPro?
IC Markets may be better suited for experienced traders. FxPro is also beginner-friendly. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.