FP Markets is a global contract for differences (CFD) and online retail foreign exchange (Forex) broker established and regulated in Australia since 2005. It offers trading services on various platforms such as MetaTrader 4, MetaTrader 5, IRESS and WebTrader.
IFC Markets is a leading global provider of Forex and CFD trading allowing to trade currencies, CFDs on stocks, cryptos and much more with low fixed spreads. It was founded in 2006 and is licensed by the British Virgin Islands Financial Services Commission (BVI FSC) and the Cyprus Securities and Exchange Commission (CySEC). It also has a proprietary trading platform called NetTradeX.
FP Markets vs IFC Markets Regulation Comparison
Broker
Regulator
License Number
Compensation Scheme
FP Markets
Australian Securities and Investment Commission (ASIC)
AFSL No. 286354
No
IFC Markets
British Virgin Islands Financial Services Commission (BVI FSC)
SIBA/L/14/1073
No
IFC Markets
Cyprus Securities and Exchange Commission (CySEC)
147/11
Yes, up to €20,000 per client
FP Markets vs IFC Markets Trading Assets Comparison
Broker
Forex Pairs
Stocks
Indices
Commodities
Metals
Bonds
Futures
FP Markets
60+
10,000+
19
Coffee, natural gas, corn & more
Gold, oil, silver & more
US10YR & UK Long Gilt Futures GILT
No
IFC Markets
50+
400+ (including ETFs)
15+ (including continuous CFDs)
Wheat, sugar, cocoa & more (including continuous CFDs)
Gold, silver, platinum & more (including continuous CFDs)
Variable depending on the instrument and account type
IFC Markets
Fixed from 1.8 pips on major pairs
From $3 per lot on ECN accounts
Variable depending on the instrument and account type
FP Markets vs IFC Markets Account Types Comparison
Broker
Account Types
FP Markets
Standard Account: Minimum deposit $100, leverage up to 1:500, no commissions, spreads from 1.0 pips. ECN Raw Account: Minimum deposit $100, leverage up to 1:500, commissions from $3 per lot, spreads from 0.0 pips. Islamic Account: Swap-free option for both account types. Professional Account: For eligible clients who meet certain criteria such as trading volume, net worth or experience. Offers higher leverage up to 1:1000 and lower margin requirements. Demo Account: Free practice account with virtual funds.
IFC Markets
Beginner Account: Minimum deposit $1, leverage up to 1:400, fixed spreads from 1.8 pips. Standard Account: Minimum deposit $1000, leverage up to 1:200, fixed spreads from 1.8 pips. NetTradeX Account: Minimum deposit $1000, leverage up to 1:400, fixed spreads from 0 pips. Islamic Account: Swap-free option for all account types. Demo Account: Free practice account with virtual funds.
FP Markets vs IFC Markets Deposit Options Comparison
Broker
Deposit Options
Withdrawal Options
FP Markets
Credit/debit cards, bank wire transfer, e-wallets (Skrill, Neteller, PayPal, POLi, FasaPay, PayTrust, Ngan Luong, OnlinePay and more).
Credit/debit cards, bank wire transfer, e-wallets (Skrill, Neteller, POLi, FasaPay, PayTrust, Ngan Luong, OnlinePay and more).
IFC Markets
Credit/debit cards, bank wire transfer, e-wallets (WebMoney, Skrill, Neteller, Perfect Money, QIWI and more).
Credit/debit cards, bank wire transfer, e-wallets (WebMoney, Skrill, Neteller, Perfect Money, and more).
FP Markets vs IFC Markets Trading Platforms Comparison
Broker
Trading Platforms
FP Markets
MetaTrader 4: The most popular trading platform in the world with advanced charting tools, indicators and automated trading features. MetaTrader 5: The latest version of MetaTrader with more instruments, order types and analytical tools. IRESS: A web-based platform designed for professional traders with direct market access, advanced order management and comprehensive market data. WebTrader: A browser-based platform that allows trading from any device without downloading any software. Mobile Apps: FP Markets offers mobile apps for MetaTrader 4, MetaTrader 5 and IRESS for iOS and Android devices.
IFC Markets
MetaTrader 4: The most popular trading platform in the world with advanced charting tools, indicators and automated trading features. MetaTrader 5: The latest version of MetaTrader with more instruments, order types and analytical tools. NetTradeX: A proprietary platform developed by IFC Markets that offers unique features such as creating synthetic instruments, trading with fractional lots and setting trailing stops by pips. WebTerminal: A browser-based platform that allows trading from any device without downloading any software. Mobile Apps: IFC Markets offers mobile apps for MetaTrader 4, MetaTrader 5 and NetTradeX for iOS and Android devices.
FP Markets vs IFC Markets Analytical Tools Comparison
Broker
Analytical Tools
FP Markets
Economic Calendar: A tool that shows the upcoming economic events and their impact on the markets. Market News: A section that provides the latest market news and analysis from FP Markets experts. Trading Signals: A service that provides buy and sell signals based on technical analysis and market trends. Autochartist: A tool that scans the markets for potential trading opportunities based on chart patterns and technical indicators. VPS: A service that allows traders to run their trading platforms and automated strategies on a remote server with high speed and security. MQL5 Community: A network of traders and developers that share their trading ideas, indicators and expert advisors for MetaTrader platforms. Educational Resources: A section that offers various educational materials such as articles, videos, webinars and ebooks for beginner and advanced traders.
IFC Markets
Economic Calendar: A tool that shows the upcoming economic events and their impact on the markets. Market News: A section that provides the latest market news and analysis from IFC Markets experts. Trading Signals: A service that provides buy and sell signals based on technical analysis and market trends. Portfolio Quoting Method (PQM): A unique feature of NetTradeX platform that allows traders to create synthetic instruments from a portfolio of assets. Trading Central: A tool that provides technical analysis reports and recommendations for various instruments. Educational Resources: A section that offers various educational materials such as articles, videos, webinars and ebooks for beginner and advanced traders.
FP Markets vs IFC Markets . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Both FP Markets and IFC Markets have their own strengths and weaknesses. You may want to consider the following factors when choosing a forex broker:
Regulation and security: You should choose a broker that is regulated by a reputable authority and offers adequate protection for your funds and personal data.
Trading conditions: You should compare the spreads, commissions, leverage, swap rates and other fees that affect your trading costs and profits.
Trading instruments: You should choose a broker that offers a wide range of instruments that suit your trading interests and strategies.
Trading platforms: You should choose a broker that offers a reliable, user-friendly and feature-rich platform that meets your trading needs and preferences.
Analytical tools: You should choose a broker that provides you with useful tools and resources to help you analyze the markets, identify trading opportunities and improve your skills.
Customer service: You should choose a broker that offers responsive, professional and multilingual customer support via various channels.
You may also want to read some online reviews and feedback from other traders who have used FP Markets and IFC Markets to better understand their performance and reputation. Ultimately, the best way to find out which broker is more suitable for you is to try it out for yourself by opening a demo account or a small real account and testing out their services.
