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

For Greece traders, trading costs are a key consideration. IC Markets offers spreads from 0.0 pips on Raw Spread accounts with a $3.5 commission per lot, making it ideal for high-volume scalpers. FP Markets has spreads starting at 0.0 pips on its Raw account with a $3 commission per lot, but its standard account has slightly wider spreads. Over 100 lots traded monthly, IC Markets saves approximately $50 in spread costs compared to FP Markets. Both brokers are competitive, but IC Markets edges ahead for cost-sensitive Greek traders.

Both brokers support MetaTrader 4, MetaTrader 5, and cTrader, which are popular among Greece traders for their advanced charting and automated trading capabilities. IC Markets also offers WebTrader and mobile apps, while FP Markets adds IRESS for professional traders. For Greek scalpers and day traders, cTrader’s depth of market and fast execution on IC Markets is a standout. FP Markets’ IRESS platform appeals to advanced traders needing direct market access and portfolio management tools.

IC Markets uses Equinix NY4 servers for ultra-low latency execution, averaging under 40ms, ideal for Greek scalpers and algorithmic traders. FP Markets also offers fast execution with servers in London, but its average latency is slightly higher at 50ms. Both brokers have no dealing desk (NDD) execution, ensuring no requotes. For high-frequency traders in Greece, IC Markets’ execution speed is a clear advantage.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), while FP Markets is regulated by ASIC and the Financial Services Authority (FSA) in St. Vincent and the Grenadines. Both comply with the local financial regulator’s requirements for Greece, ensuring client fund segregation and negative balance protection. Greece traders should note that ASIC-regulated entities offer stronger investor protection, while CySEC provides EU-level oversight. FP Markets’ FSA regulation offers less protection but allows higher leverage.

Greece traders can fund accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT. IC Markets has a minimum deposit of $200, while FP Markets starts at $100. Bank transfers take 2-5 business days, but Skrill and Neteller are instant with minimal fees. USDT deposits are also instant and popular for crypto-savvy Greek traders. Withdrawals at both brokers are processed within 1-2 business days via the same methods, with no additional fees. FP Markets offers slightly more deposit options including POLi and FasaPay, giving it an edge for flexibility.

Both IC Markets and FP Markets offer Islamic (swap-free) accounts for Greece Muslim traders who need to comply with Sharia law. These accounts eliminate overnight interest charges on positions. To activate, Greek traders must contact customer support after registration and provide proof of Muslim faith. IC Markets applies a small admin fee after 10 days for long-held positions, while FP Markets charges no additional fees. This makes FP Markets slightly more favorable for long-term Islamic account holders in Greece.

Both brokers provide 24/5 customer support via live chat, email, and phone. IC Markets offers support in English and Greek, while FP Markets has multilingual support including Greek. Response times are under 5 minutes for live chat at both. FP Markets also has a dedicated Greek-language account manager for premium clients, which can be beneficial for local traders needing personalized assistance.