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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

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Broker 2

VS field	FP Markets fpmarkets.com CFD BrokerMulti Asset BrokerStock CFD	IC Markets icmarkets.com Forex BrokerMulti Asset BrokerStock CFD
Decision summary
Overall score

Trust score	90	99

Cost score	68	85

Platform score	94	94

Withdrawal score	68	86

Best for	Potentially suitable for active forex/CFD traders seeking low-spread Raw pricing and MetaTrader/cTrader/TradingView access, but entity-specific protections, regional onboarding an…	Experienced forex/CFD traders · Scalpers, day traders and algorithmic traders comfortable with high-risk leveraged products · Users who specifically need MT4/MT5, cTrader or Tradi…

Watch out	Needs verification	Long-term investors seeking physical stocks/ETFs · Beginners who need strong statutory investor compensation or negative balance protection · Residents of restricted countries or…

Trust & regulation
Regulators	ASIC, CySEC, FSCA South Africa, FSA Seychelles, CMA Kenya Source	Financial Services Authority of Seychelles (FSA) Source
License numbers	ASIC AFS 286354; CySEC 371/18; FSCA FSP 50926; Seychelles FSA SD130; Kenya CMA 193; Saint Lucia registration 2025-00853; Seychelles company registration 8426368-1. Source	Securities Dealer license number SD018 Source
Regulated entities	First Prudential Markets Pty Ltd (ASIC AFS 286354); First Prudential Markets Limited (Seychelles FSA SD130); FP Markets (Pty) Ltd (FSCA FSP 50926); First Prudential Markets Ltd (CySEC 371/18); FP Markets Ltd (Saint Lucia registration 2025-00853). Source	Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018. Source
Negative balance protection	FP Markets states it offers Negative Balance Protection whereby the client cannot lose more than their balance; availability may depend on entity/account type. Source	No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance. Source
Investor compensation	Not disclosed in checked official FP Markets pages; potential protections may depend on regulated entity and jurisdiction. Source	Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources. Source
Restricted countries	Does not offer services to Afghanistan, Cuba, Iraq, Iran, Liberia, Libya, Myanmar, Palestine, Russian Federation, Somalia, Syria, Sudan, Yemen, United Kingdom, United States, FATF and EU/UN sanctions-list jurisdictions; page also states FP Markets does not onboard clients who are residents of India. Source	Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation. Source

Trust & regulation

Regulators

ASIC, CySEC, FSCA South Africa, FSA Seychelles, CMA Kenya

Source

Financial Services Authority of Seychelles (FSA)

Source

License numbers

ASIC AFS 286354; CySEC 371/18; FSCA FSP 50926; Seychelles FSA SD130; Kenya CMA 193; Saint Lucia registration 2025-00853; Seychelles company registration 8426368-1.

Source

Securities Dealer license number SD018

Source

Regulated entities

First Prudential Markets Pty Ltd (ASIC AFS 286354); First Prudential Markets Limited (Seychelles FSA SD130); FP Markets (Pty) Ltd (FSCA FSP 50926); First Prudential Markets Ltd (CySEC 371/18); FP Markets Ltd (Saint Lucia registration 2025-00853).

Source

Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018.

Source

Negative balance protection

FP Markets states it offers Negative Balance Protection whereby the client cannot lose more than their balance; availability may depend on entity/account type.

Source

No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance.

Source

Investor compensation

Not disclosed in checked official FP Markets pages; potential protections may depend on regulated entity and jurisdiction.

Source

Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources.

Source

Restricted countries

Does not offer services to Afghanistan, Cuba, Iraq, Iran, Liberia, Libya, Myanmar, Palestine, Russian Federation, Somalia, Syria, Sudan, Yemen, United Kingdom, United States, FATF and EU/UN sanctions-list jurisdictions; page also states FP Markets does not onboard clients who are residents of India.

Source

Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation.

Source

Costs & account conditions
Minimum deposit	US$100 or equivalent Source	No minimum deposit requirement disclosed for opening a trading account. Source
Spread from	From 0.0 pips on Raw accounts; Standard account from 1.0 pips. Source	Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip. Source
Commission	Standard: zero commission; Raw: US$3 per side per lot. Source	Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side. Source
Maximum leverage	Maximum leverage 1:500 on the South Asia/non-EU account-types page; leverage is jurisdiction- and client-class dependent. Source	IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time. Source
Deposit fee	No deposit fees when using Skrill or Neteller; other funding terms/fees are method-dependent and subject to change. Source	IC does not charge additional deposit fees; bank/intermediary fees may apply. Source
Withdrawal fee	Not disclosed in checked extracted official sources; transaction-fees page indicates deposit/withdrawal terms are method-dependent and subject to change. Source	IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths. Source
Inactivity fee	Not disclosed in checked extracted official sources. Source	No account inactivity fees. Source

Costs & account conditions

Minimum deposit

US$100 or equivalent

Source

No minimum deposit requirement disclosed for opening a trading account.

Source

Spread from

From 0.0 pips on Raw accounts; Standard account from 1.0 pips.

Source

Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip.

Source

Commission

Standard: zero commission; Raw: US$3 per side per lot.

Source

Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side.

Source

Maximum leverage

Maximum leverage 1:500 on the South Asia/non-EU account-types page; leverage is jurisdiction- and client-class dependent.

Source

IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time.

Source

Deposit fee

No deposit fees when using Skrill or Neteller; other funding terms/fees are method-dependent and subject to change.

Source

IC does not charge additional deposit fees; bank/intermediary fees may apply.

Source

Withdrawal fee

Not disclosed in checked extracted official sources; transaction-fees page indicates deposit/withdrawal terms are method-dependent and subject to change.

Source

IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths.

Source

Inactivity fee

Not disclosed in checked extracted official sources.

Source

No account inactivity fees.

Source

Markets, platforms & payments
Tradable assets	Forex, shares/stock CFDs, metals, commodities, indices, bonds, ETFs and digital currencies; 10,000+ CFDs/instruments stated on official pages. Source	Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs. Source
Trading platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, Mobile App and Iress. Source	MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade. Source
Account types	Standard, Raw, Islamic/swap-free option, and professional account subject to eligibility. Source	Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries. Source
Deposit methods	Bank transfer, major credit/debit cards, digital currency wallets/cryptocurrencies, local funding methods, Skrill, Neteller and broker-to-broker transfers. Source	Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency. Source
Withdrawal methods	Withdrawal methods are referenced on the official transaction-fees page, but a detailed withdrawal-method table was not available in extracted content. Source	Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal. Source
Withdrawal processing time	Not disclosed in checked extracted official sources. Source	Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method. Source

Markets, platforms & payments

Tradable assets

Forex, shares/stock CFDs, metals, commodities, indices, bonds, ETFs and digital currencies; 10,000+ CFDs/instruments stated on official pages.

Source

Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs.

Source

Trading platforms

MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, Mobile App and Iress.

Source

MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade.

Source

Account types

Standard, Raw, Islamic/swap-free option, and professional account subject to eligibility.

Source

Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries.

Source

Deposit methods

Bank transfer, major credit/debit cards, digital currency wallets/cryptocurrencies, local funding methods, Skrill, Neteller and broker-to-broker transfers.

Source

Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency.

Source

Withdrawal methods

Withdrawal methods are referenced on the official transaction-fees page, but a detailed withdrawal-method table was not available in extracted content.

Source

Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal.

Source

Withdrawal processing time

Not disclosed in checked extracted official sources.

Source

Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method.

Source

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