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

For Bangladesh traders, trading costs are a critical factor. IC Markets offers a Raw Spread account with spreads from 0.0 pips and a commission of $3.50 per lot per side. FP Markets’ Raw account also starts from 0.0 pips but charges $3.00 per lot per side. On standard accounts, IC Markets’ spread is around 0.6 pips (no commission), while FP Markets’ standard spread is about 1.0 pips. For high-volume traders in Bangladesh, IC Markets provides slightly lower overall costs, especially on major pairs like EUR/USD. However, FP Markets’ lower commission on raw accounts can be beneficial for traders who trade fewer lots. Always factor in your trading volume to determine the best cost structure.

Both brokers offer MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, which are widely used by Bangladesh traders. IC Markets also provides a WebTrader and mobile apps for iOS and Android. FP Markets offers the same platforms plus IRESS, a professional trading platform for advanced traders. For Bangladesh traders who need fast execution and advanced charting, cTrader on IC Markets is a strong choice. FP Markets’ IRESS is ideal for those trading CFDs on shares and indices. Both brokers support automated trading via Expert Advisors (EAs) and have reliable mobile apps for trading on the go.

IC Markets is known for its ultra-fast execution, with average speeds below 40ms on its Raw Spread account, thanks to its Equinix NY4 data center. FP Markets also offers fast execution, averaging around 50ms, but IC Markets edges ahead for scalpers and high-frequency traders. Both brokers use No Dealing Desk (NDD) execution, ensuring no requotes. For Bangladesh traders trading volatile pairs like USD/BDT, IC Markets’ speed can reduce slippage.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of Seychelles. FP Markets is regulated by ASIC, CySEC, and the Financial Services Commission (FSC) of Mauritius. For Bangladesh traders, these international regulations provide a layer of security, but note that the local financial regulator does not directly oversee these brokers. This means you are protected by the broker’s internal policies and client fund segregation, but not by a local compensation scheme. Always verify the broker’s regulatory status and ensure they accept clients from Bangladesh.

Bangladesh traders can fund their accounts at IC Markets and FP Markets using Bank Transfer, Skrill, Neteller, and USDT (Tether). Bank Transfers are reliable but may take 1-3 business days and incur intermediary bank fees. Skrill and Neteller deposits are instant and usually free, making them popular for small to medium deposits. USDT deposits are processed quickly and avoid currency conversion fees, ideal for traders who hold cryptocurrencies. IC Markets has a minimum deposit of $200 for most methods, while FP Markets requires only $100 for bank transfers and $50 for e-wallets. Withdrawals are processed within 1-2 days for e-wallets and USDT, while bank transfers may take 2-5 business days. Both brokers do not charge internal fees, but your bank may impose charges.

Both IC Markets and FP Markets offer Islamic (swap-free) accounts for Bangladesh Muslim traders who wish to trade without earning or paying interest. IC Markets provides swap-free accounts on all account types, including Standard and Raw Spread, with no additional fees. FP Markets also offers Islamic accounts, but you must request it through customer support after opening a live account. FP Markets’ Islamic accounts are available on MT4 and MT5, but not on IRESS. Ensure you confirm the terms, as some brokers may charge an administrative fee after a certain holding period. Both brokers comply with Sharia principles by waiving swap charges on overnight positions.

IC Markets offers 24/7 customer support via live chat, email, and phone, with fast response times. FP Markets provides 24/5 support (Monday to Friday) via live chat, email, and phone. For Bangladesh traders, IC Markets’ around-the-clock support is advantageous, especially during night trading sessions. Both brokers have English-speaking support, but IC Markets also offers support in Bengali through live chat, which is a significant plus for local traders.