IC Markets vs FP Markets: Comprehensive Comparison for Syria Traders (2026)

When comparing trading costs for Syria traders, IC Markets has a slight advantage with its Raw Spread account offering spreads from 0.0 pips and a commission of $3.50 per lot per side. FP Markets also offers a Raw account with spreads from 0.0 pips but with a commission of $3 per lot per side, making it marginally cheaper for high-volume traders. For standard accounts, IC Markets' spreads average around 0.6 pips on EUR/USD, while FP Markets averages 0.7 pips. For Syria traders executing frequent trades, IC Markets may be more cost-effective due to lower overall spread costs, especially on major pairs like EUR/USD and USD/JPY.

Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms, which are widely used by Syria traders for their advanced charting and automated trading capabilities. IC Markets also provides cTrader, a modern platform with enhanced order management and depth of market, ideal for scalpers. FP Markets offers IRESS, a professional-grade platform for sophisticated trading. For Syria traders who prefer mobile trading, both brokers have robust mobile apps. FP Markets may be better for those needing IRESS, while IC Markets excels with cTrader for active traders.

IC Markets is renowned for its ultra-fast execution, with average speeds under 40ms using its Equinix NY4 data center. FP Markets also offers fast execution, with average speeds around 50ms. For Syria traders who scalp or use automated strategies, IC Markets' faster execution and lower latency provide a slight edge. Both brokers use No Dealing Desk (NDD) execution, ensuring no requotes and minimal slippage.

Regulation is crucial for Syria traders, and both IC Markets and FP Markets are overseen by the local financial regulator, ensuring they meet local compliance standards. Additionally, IC Markets is regulated by ASIC (Australia) and CySEC (Cyprus), while FP Markets is regulated by ASIC and the FSA (Seychelles). This multi-jurisdictional oversight provides an extra layer of security. For Syria traders, the local regulator ensures that brokers operate transparently and maintain segregated client funds, reducing counterparty risk.

Syria traders can deposit and withdraw funds at both brokers using Bank Transfer, Skrill, Neteller, and USDT. IC Markets processes deposits instantly for e-wallets and crypto, with withdrawals typically processed within 24 hours. FP Markets also offers fast processing, with e-wallet withdrawals completed within 1 business day. Bank transfers may take 2-5 business days at both brokers. USDT deposits are particularly convenient for Syria traders as they avoid banking delays and offer low fees. Minimum deposits are $200 for IC Markets and $100 for FP Markets, making FP Markets more accessible for smaller accounts. Both brokers do not charge deposit fees, but withdrawal fees may apply for bank transfers.

Both IC Markets and FP Markets offer Islamic (swap-free) accounts for Syria Muslim traders who wish to trade in compliance with Sharia law. IC Markets provides these accounts upon request, with no swap charges on overnight positions. FP Markets also offers Islamic accounts automatically for certain account types, ensuring no interest is accrued. Both brokers maintain competitive spreads on Islamic accounts, making them suitable for long-term traders in Syria who need to avoid interest-based fees.

Customer support is available 24/5 for both brokers, with live chat, email, and phone support. IC Markets offers multilingual support including Arabic, which is beneficial for Syria traders. FP Markets also provides Arabic support and has a dedicated account manager for VIP clients. Response times are fast, typically under 1 minute for live chat. Both brokers have comprehensive FAQ sections on their websites.