IC Markets vs FP Markets for Armenia Traders (2026): A Complete Comparison

When comparing trading costs for Armenia traders, IC Markets has a slight edge. IC Markets offers raw spreads from 0.0 pips on its Raw Spread account with a commission of $3.50 per lot per side, while FP Markets' standard account has spreads from 1.0 pips with no commission. For high-volume traders, IC Markets' lower spreads can result in significant savings. For example, trading 10 lots of EUR/USD per day, IC Markets' total cost is around $70 per day, whereas FP Markets' cost would be approximately $100 per day. However, FP Markets' Raw account is also competitive, with spreads from 0.0 pips and a commission of $3 per lot per side. Armenia traders should consider their trading volume and style to choose the most cost-effective option.

Both IC Markets and FP Markets offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used by Armenia traders. IC Markets also provides cTrader, a platform known for its advanced charting and order management, ideal for scalpers. FP Markets goes a step further by offering Iress, a professional-grade platform suited for advanced traders and those who trade multiple asset classes. For Armenia traders who prefer mobile trading, both brokers have fully functional mobile apps. FP Markets' broader platform choice may appeal to traders who want more than just MT4/MT5, while IC Markets' cTrader is excellent for those focused on forex and CFD trading.

IC Markets is renowned for its ultra-fast execution, with an average speed of 40 milliseconds, making it ideal for scalpers and high-frequency traders. FP Markets also offers fast execution, but its average is around 60 milliseconds. Both brokers use No Dealing Desk (NDD) execution, ensuring no re-quotes. For Armenia traders who prioritize speed, IC Markets is the clear winner. However, FP Markets' execution is still reliable for most trading strategies.

IC Markets is regulated by top-tier authorities including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets is regulated by ASIC and the Financial Services Authority (FSA) in St. Vincent and the Grenadines. While neither broker is regulated by the local financial regulator in Armenia, both adhere to strict international standards, offering client fund segregation and negative balance protection. For Armenia traders, this means a high level of security, though it's important to note that ASIC regulation is generally considered more robust. FP Markets' additional regulation by the FSA provides an extra layer of oversight, but IC Markets' strong regulatory status is a key advantage for risk-averse traders.

For Armenia traders, both IC Markets and FP Markets support a variety of local payment methods, including Bank Transfer, Skrill, Neteller, and USDT. Deposits are usually instant with Skrill, Neteller, and USDT, while Bank Transfers may take 1-3 business days. Both brokers do not charge deposit fees, making it cost-effective. Withdrawals are processed efficiently: IC Markets processes withdrawals within 24 hours, while FP Markets typically takes 1-2 business days. Skrill and Neteller withdrawals are usually instant once processed. USDT deposits and withdrawals are also supported, providing a crypto option for Armenia traders. It's advisable to use the same method for deposits and withdrawals to avoid complications. Overall, both brokers offer seamless and low-cost banking solutions tailored to Armenian clients.

Both IC Markets and FP Markets offer Islamic (swap-free) accounts for Armenia traders who require Sharia-compliant trading. These accounts have no overnight swap fees, making them suitable for Muslim traders who wish to avoid interest. However, there are some conditions: IC Markets may charge an administrative fee if positions are held for more than 10 days, while FP Markets has a similar policy but with different timeframes. It's important for Armenia traders to review these terms carefully before opening an Islamic account. Both brokers make it easy to convert a standard account to an Islamic one by contacting customer support. This flexibility ensures that Muslim traders in Armenia can trade in accordance with their faith.

IC Markets offers 24/7 customer support via live chat, email, and phone, with quick response times. FP Markets also provides 24/7 support but is known for its more personalized service, including dedicated account managers for VIP clients. For Armenia traders, both brokers offer support in English, but FP Markets has a slight edge with additional language options. If you value immediate, round-the-clock assistance, IC Markets is excellent. If you prefer a more tailored support experience, FP Markets may be the better choice.