Fxpro Vs IC Markets

Fxpro Vs IC Markets review By miniforex.com experts, Choosing the right broker is one of the most important decisions a trader, especially one with a mini or micro account, can make. Two brokers frequently compared in this space are FxPro and IC Markets. Both offer advanced platforms, solid reputations, and a global reach. However, their differences matter—especially to low-capital, high-efficiency traders like many on MiniForex.com.

In this in-depth guide, you’ll discover:

• How FxPro and IC Markets compare in regulation, platforms, fees, and execution

• Which broker better fits different mini-account strategies

• Practical insights to match your budget, platform preference, and trading style

Let’s dive in.

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1 | Company Background & Regulatory Status

FxPro

• Founded in 2006 (London headquarters)

• Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), SCB (Bahamas)

• Over 2 million clients globally

IC Markets

• Established in 2007 (Sydney headquarters)

• Regulated by ASIC (Australia), CySEC, FSA (Seychelles)

• One of the world’s largest true ECN forex brokers

Why It Matters for Mini Traders:

• FxPro’s multiple Tier‑1 regulators (FCA, FSCA) offer strong investor protection.

• IC Markets’ ASIC licence means strict financial safeguards and frequent audits.

• Both support negative balance protection, essential for small-account risk control.

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2 | Trading Platforms

Platform Availability

Platform Highlights

• MetaTrader 4/5: Standard for mini traders—lightweight, supports EAs (automated scripts).

• cTrader: Offers raw spreads, Level II depth, cBots for algorithmic trading.

• Both brokers support demo versions, perfect for learning before risking real micro-lots.

Platform Verdict: Tie. Both offer all major platforms with demo access to practice risk-free.

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3 | Account Types & Pricing Models

FxPro Account Options

• MT4 Standard (No commission, floating/fixed spreads)

• MT4 Market Execution (Tighter spreads, no commission)

• MT5 Account (Floating spreads, multi-asset)

• cTrader Raw (0.0 pip + $7 round-turn commission per lot)

• Swap-free (Islamic) and Demo accounts

• Min deposit for mini trading: $100

IC Markets Account Options

• Standard (MT4/MT5) – Spread-only (1.0 pip average)

• Raw Spread (MT4/MT5) – From 0.0 pip + $7/lot commission

• cTrader Raw – $6/lot commission

• Swap-free (Islamic) and Demo accounts

• Min deposit for mini trading: $200

Mini-Trader Notes:

• FxPro’s $100 minimum provides low entry barriers.

• IC Markets focuses on raw spread models, attractive if you trade tight micro-positions frequently.

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4 | Spreads, Commissions & Micro-Lot Costs

Standard Spread Comparison (EUR/USD)

• FxPro (MT4): ~1.4 pips

• IC Markets (Standard): ~1.0 pip

Raw ECN Spread + Commission (cTrader/Raw)

• FxPro: ~0.1 pip + $7/lot

• IC Markets (MT4/MT5): ~0.1–0.3 pips + $7/lot

• IC Markets (cTrader): ~0.0–0.1 pips + $6/lot

Impact for Mini Accounts

Trading a 0.01‑lot (1,000 units) position:

• FxPro cTrader commission = $0.07 (negligible)

• IC Markets cTrader commission = $0.06

• Raw spread fundamental wins enable tighter micro-trades.

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5 | Order Execution & Platform Speed

• FxPro: Offers market and instant execution with low slippage and fast fills

• IC Markets: Known for true ECN and sub‑50ms execution

• Speed testing shows minimal latency differences—both are excellent

MiniForex Tip: For scalpers using 0.01 lots, IC Markets’ faster fills may slightly reduce slippage, though FxPro remains highly competitive.

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6 | Deposit & Withdrawal Processes

FxPro

• Accepts bank wire, credit/debit card, Skrill, Neteller, PayPal

• No deposit/withdrawal fees by FxPro

• Typical withdrawal: within 1 business day

IC Markets

• Same deposit methods

• No fee for most, but $20 charge on bank withdrawals (for non-Australian clients)

• Payout within same day (e‑wallets) or 1‑5 business days (bank/cards)

Mini-Trader Advantage: FxPro’s zero withdrawal fee and $100 min deposit boost affordability and flexibility for small capital traders.

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7 | Instrument Variety & Asset Accessibility

Key Insight: Mini traders seeking crypto exposure may prefer IC Markets. Walk-on equity CFD volume is strong on both.

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8 | Fxpro Vs IC Markets Customer Support & Mini-Trader Services

• FxPro offers multilingual support 24/5, plus market news, calculators, and educational tools

• IC Markets provides support 24/7 with webinars, analytics, and dedicated trading tools

MiniForex Recommendation: For off-hours help and learning, IC Markets has the edge with round-the-clock service.

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9 | Beginner and Mini-Trader Education

FxPro and IC Markets both supply:

• Video lessons (platform use, risk management)

• Webinars from professionals

• Economic calendars, market insights

MiniTrader Edge:

• FxPro: Better platform tutorials (MT4/MT5/cTrader)

• IC Markets: More focused strategy materials for small-scale and algorithmic trading

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10 | Fxpro Vs IC Markets Platforms & Tools: Features That Matter

Risk Management & Analytics

• Both offer demo accounts, which are essential for mini‑traders practicing trade strategies

• cTrader offers built-in automation (cBots) and Level II pricing, ideal for those learning order flow

• MT4 EAs (Expert Advisors) run on both — perfect for beginners testing small positions

MiniForex Tip: Both brokers support basic and advanced demo testing for risk-free tinkering with microwick-sized trades.

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11 | Practical Scenario: Trading $100 Mini Autofill

A real-world $100 mini-trader scenario:

Trading Plan:

• 0.01‑lot per trade

• Max risk = 1% ($1)

• Stop-loss = 10 pips

• Target = 20 pips

Cost Analysis with FxPro (cTrader):

• Spread: 0.1 pips = $0.10

• Commission: $0.07

• Total slippage = ~$0.17 per trade

Cost Analysis with IC Markets (cTrader):

• Spread: 0.1 pips = $0.10

• Commission: $0.06

• Combined cost = $0.16

📊 Outcome over 10 trades:
Both brokers deliver nearly identical trade cost — excellent for disciplined micro‑lot traders.

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12 | Strengths & Limitations Summary

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13 | Which Broker Suits Your Mini Strategy?

Choose FxPro if:

• You are on a minimal budget ($100+)

• You value broad global regulation

• You plan to scalp infrequently or hold positions longer

• You prefer flexible deposit/withdraw methods and zero withdrawal fees

Choose IC Markets if:

• Scalping micro-lots is your core strategy

• You need top-tier lease-level ECN execution

• You appreciate 24/7 support and deep analytics

• You’re open to depositing $200 for raw-spread advantages

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14 | Demo‑Before‑Commit Mentality

Before depositing real money:

1. Open demo accounts with both brokers

2. Test with $100–$200 virtual capital

3. Practice risk control (1% max per trade)

4. Compare fills, tools, and ease of withdrawal testing

5. Choose the broker most aligned with your mini-trader style

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15 | Fxpro Vs IC Markets Final Thoughts for MiniForex.com Readers

Both FxPro and IC Markets are excellent brokers that support small accounts with high value.

• FxPro stands out for its lower initial cost, regulatory comfort, and fee-free withdrawals—ideal for casual micro-lot and swing traders.

• IC Markets excels in execution speed, tight ECN spreads, and 24/7 support, ideal for scalping and high-frequency micro-traders.

Your choice should reflect your trading goals, preferred risk profile, and execution requirements.