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IC Markets vs FP Markets

IC Markets or FP Markets – which is better for UK traders 2026? Compare IC Markets and FP Markets in this detailed breakdown of their platforms, features and fees.

IC Markets vs FP Markets Comparison Table 2026
IC Markets	FP Markets

Not Rated	4
IC Markets is ranked # among .	FP Markets is ranked #54 among CFD brokers.
	Review
IC Markets has closed or no longer accepts UK clients.	Founded in Australia in 2005, FP Trading is a broker regulated by ASIC and CySEC. It offers a wide range of tradable assets. The Standard and Raw accounts are tailored to suit all traders. Its robust tools include the MetaTrader suite, intuitive TradingView, and insights from Trading Central and AutoChartist.
Pros
	FP Trading provides an exceptional range of tradable assets, notably with its expanded commodities portfolio and support for over 10,000 stocks. FP Trading offers outstanding platform versatility, integrating MetaTrader, cTrader, Iress, and the newly added TradingView. FP Trading offers rapid and reliable assistance, accessible 24/5, with test response times averaging under 1 minute. FP Trading offers a smooth onboarding process, distinguished by crypto deposits and more than ten base currencies, serving traders worldwide. FP Trading has incorporated premier research tools from Trading Central and Autochartist. These tools assist traders in spotting short-term opportunities through chart patterns, indicators, and other technical elements.
Cons
	The Raw account offers excellent pricing. However, the Standard account has wider spreads, averaging 1.1 pips on EUR/USD, which lags behind the competitive 0.8-pip spread at IC Markets. FP Trading’s Iress platform is exclusive to Australian clients. It prioritises stock trading, with less focus on forex. Data fees may quickly escalate unless one trades actively or holds a high-balance account. FP Trading lags behind top MetaTrader brokers. Although it provides a Trader's Toolbox on MT4, it only offers 130 instruments. This limitation curtails opportunities for serious traders, particularly when compared to Pepperstone's 1,300 assets. Traders Hub offers valuable resources such as the Daily Report, Technical Report, Market Insights, and Fundamental Analysis. Yet, it should diversify its daily content and ensure its forex news remains current to compete with market leaders like IG.
Awards
	Best Global Forex Value Broker 2023 - Global Forex Awards Best Forex Partners Programme Asia 2023 - Global Forex Awards Best Forex Broker Europe 2023 - Global Forex Awards Best Global Forex Value Broker 2022 - Global Forex Awards Best Global Forex Value Broker 2021 - Global Forex Awards
FCA Regulated
	No List of FCA Regulated Brokers
Instruments
	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
	Yes
Minimum Deposit
	$40
Payment Methods
	Apple Pay Credit Card Debit Card FasaPay Finrax Google Pay Mastercard Neteller Perfect Money Rapid Transfer Skrill STICPAY Visa Wire Transfer
Minimum Trade
	0.01 Lots
Regulator
	ASIC, CySEC, FSA, CMA
Mobile Apps
	iOS & Android
Trading App
	FP Trading lacks its own web-based or mobile app, which may deter novices. Yet, mobile versions of MT4/MT5, cTrader, and TradingView provide live quotes, advanced charting, account management, and order execution. Moreover, Australian clients have exclusive access to the Iress mobile platform, offering advanced analytics, module linking, and multi-portfolio management.
iOS App Rating
	4
Android App Rating
	4
Margin Trading
	Yes
MetaTrader 4
	Yes
MetaTrader 5
	Yes
cTrader
	Yes
AlgoTrader
	No
OmniTrader
	No
TradingView
	Yes
Autochartist
	Yes
eSignal
	No
Trading Central
	Yes
STP Account
	Yes
ECN Account
	Yes
DMA Account
	Yes
MAM Account
	Yes
PAMM Account
	Yes
LAMM Account
	No
Demat Account
	No
AI / Machine Learning
	No
Robo Advisor
	No
Negative Balance Protection
	Yes
Market Maker
	No
P2P Trading
	No
Spot Trading
	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
	Yes
Copy Trading Platform
	FP Trading launched a unique social copy trading platform and access to the MetaTrader signals market. Alongside Myfxbook support, these features position FP Markets as a strong choice for social copy trading, despite its less intuitive system compared to cTrader Copy.
Social Trading
	Yes
VPS Hosting
	Yes
Tournaments
	No
Demo Competitions
	No
Ethical Investing
	No
Custodial Account
	No
Guaranteed Stop Loss
	No
Inactivity Fee
	$0
Islamic Account
	Yes
Account Currencies
	USD EUR GBP CAD AUD NZD JPY CHF HKD SGD
Commodities
	Gold Silver Natural Gas Oil Platinum Palladium Copper Aluminium Soybeans Corn Wheat Steel Iron Cocoa Cotton Sugar Coffee
CFD
	FP Trading provides CFD trading across a premier range of financial markets, including equities, leading global indices, commodities, metals, cryptocurrencies, and bonds. Benefit from tight spreads, rapid execution, leverage up to 1:500, and superior liquidity, ensuring an efficient trading experience for short-term investors.
Leverage
	1:30 (UK), 1:500 (Global)
FTSE Spread
	1.64
GBPUSD Spread<
	1.9 average
Oil Spread
	0.04
Stocks Spread
	Variable
Forex
	FP Trading excels in forex trading, offering over 70 currency pairs, including a diverse range of exotics. With an average spread of 0.1 on EUR/USD in its Raw account, it ensures competitive pricing for traders.
Assets
	70+
GBPUSD Spread
	0.2
EURUSD Spread
	0.1
EURGBP Spread
	0.3
Currency Indices
	USD
Cryptocurrency
	FP Trading offers CFDs on leading cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. However, it does not facilitate direct coin ownership. FP Markets lacks emerging tokens for crypto enthusiasts seeking the latest opportunities.
Spread
	17.3 (Bitcoin)
Coins
	ADA BCH BTC DOG DOT EOS ETH LNK LTC RPL SOL XLM
Crypto Lending
	No
Crypto Mining
	No
Crypto Staking
	No
Auto Market Maker
	No

IC Markets	FP Markets
	Review
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