IC Markets vs FxPro, 2023 Update
Read our In-Depth IC Markets vs FxPro Review - 2023 Update
This IC Markets vs FxPro review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs FxPro review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
FxPro Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs FxPro
Every online trading system will have some ups and downs, and no IC Markets and FxPro review would be complete without having a balanced approach. Compare IC Markets and FxPro to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between IC Markets or FxPro. Who is better in 2023?
This IC Markets vs FxPro comparison contains the latest information so you can easily compare FxPro against IC Markets.
If you are a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you need to select the right broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and FxPro are just two such platforms that will take you along with your investment into great heights. It is crucial to compare IC Markets vs FxPro before you trust them with your money.
Our IC Markets vs FxPro comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and FxPro side by side.
Our entire IC Markets vs FxPro Review covers everything you will need to know about trading using either IC Markets or FxPro. A good agent can multiply your first investments and provide you favorable profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you select them. It's a common misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and FxPro are both brokers which have paved their way successfully to the brokerage world. In this review, we have tried to collate a number of the vital facets of both IC Markets and FxPro. This review will allow you to know whether either FxPro or IC Markets is a fantastic match for your investments or not. We have tried to breakdown all the features and fees for your advantage.
Benefits of IC Markets and FxPro Compared
IC Markets has a minimum deposit of $200 while FxPro has a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and FxPro compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets allows you to trade around 232 financial instruments whilst FxPro allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and FxPro platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IC Markets or FxPro.
IC Markets and FxPro Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. IC Markets and FxPro have the following contact details and social medias that you can use.
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| Broker | IC Markets | FxPro |
| Telephone Number | +248 467 19 76 | +44 203 151 5550 |
| support@icmarkets.com | support@fxpro.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | 13-14 Basinghall street, London, City of London EC2V 5BQ" |
| IC Markets Twitter Account | FxPro Twitter Account | |
| IC Markets Facebook Page | FxPro Facebook Page | |
| IC Markets Instagram Account | FxPro Instagram Account | |
| IC Markets LinkedIn Page | FxPro LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | FxPro YouTube Channel |
| Find Out More |
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FxPro and IC Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of IC Markets and FxPro we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs FxPro - Awards
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| Broker | IC Markets | FxPro |
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IC Markets have won several industry awards over the years they have been operating as an online trading platform. We detail the most notable awards for IC Markets below.
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FxPro have won many industry awards over the years they have been running as an online broker. We show the most recognised awards for FxPro below.
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IC Markets vs FxPro - Frequently Asked Questions
IC Markets vs FxPro - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
FxPro was founded in 2006 and has its headquaters in UK.
What is the minimum deposit for FxPro or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for FxPro is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and FxPro are a good choice.
IC Markets vs FxPro - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
Both IC Markets and FxPro have a strong set of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs FxPro Commission And Fees
IC Markets and FxPro are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. That is, an online broker is not necessarily affected by the number of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of fees for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you are paying a spread, funding rate, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or FxPro charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and FxPro are comparatively greater. As a result, you are billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This IC Markets vs FxPro review for 2023 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And FxPro
What Languages Do IC Markets And FxPro Support?
Being able to chat completely with your online broker is a key part of comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading online.
Below you can find all the languages that both IC Markets and FxPro support.
How Many Clients Do IC Markets and FxPro Have?
Both IC Markets and FxPro are well established with their customer base. It is really important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers IC Markets and FxPro have
What Payment Methods Do IC Markets and FxPro Accept?
IC Markets and FxPro both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and FxPro
What Can You Trade With IC Markets and FxPro?
IC Markets offers 232 trading instruments and FxPro offers 250.
Below you will find a full breakdown of what both IC Markets and FxPro offer.
Compare IC Markets To All Other Brokers
Compare FxPro To All Other Brokers