FxPro vs IC Markets (2026) — Which Is Better?
Compare FxPro and IC Markets — features, pricing, pros and cons.
Quick Verdict
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.
Our Analysis
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.
Feature Comparison
| 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 | ✓ | ✓ |
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