IC Markets vs FP Markets 2026: Which Broker Is Best for Vietnam Traders?
Which broker is better for Vietnam traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Vietnam Traders
Vietnam traders seeking a reliable forex broker often compare IC Markets and FP Markets, two industry leaders with strong global reputations. IC Markets holds a 4.8/5 rating, while FP Markets scores 4.7/5, making both excellent choices for retail traders in Vietnam. With the Vietnamese dong (VND) being a non-convertible currency, most traders operate in USD and rely on local payment methods like Bank Transfer, Skrill, Neteller, and USDT. Both brokers offer competitive trading conditions, including tight spreads, fast execution, and multiple platforms. However, differences in regulation, account types, and customer support can influence which broker better suits your needs. This comparison focuses on key factors relevant to Vietnam traders, including deposit methods, local support, and overall cost efficiency.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | IC Markets | FP Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FP Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FP Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FP Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FP Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $100 | FP Markets |
When comparing trading costs for Vietnam traders, IC Markets typically has a slight edge with spreads starting at 0.0 pips on its Raw Spread account and a commission of $3.50 per lot. FP Markets offers similar spreads from 0.0 pips on its Raw account but with a slightly higher commission of $3.00 per lot. For high-volume traders, these differences add up. Both brokers offer competitive swap rates, but IC Markets’ lower overall cost structure makes it more attractive for scalpers and day traders in Vietnam.
Account Types Comparison
| Account Type | IC Markets | FP Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $100 |
Leverage Comparison - Vietnam Traders
| Entity / Asset | IC Markets | FP Markets |
|---|---|---|
| Vietnam (offshore) | Up to 1:5000 | Up to 1:500 |
| Forex major pairs | 1:5000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | IC Markets | FP Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | FP Markets |
| ETFs | ✗ | ✓ | Tie |
Platforms Comparison
| Platform | IC Markets | FP Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✓ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all popular among Vietnam traders for their advanced charting and automated trading capabilities. FP Markets also offers MT4, MT5, plus its proprietary IRESS platform, which appeals to traders who need direct market access. For Vietnam traders, the choice depends on preference: IC Markets is ideal for those who favor cTrader, while FP Markets is better for IRESS users.
Execution Quality - Speed & Slippage
| Factor | IC Markets | FP Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FP Markets |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets boasts an average execution speed of 40ms, making it one of the fastest brokers globally. FP Markets offers execution speeds around 50ms. Both use low-latency data centers and No Dealing Desk (NDD) models, ensuring minimal slippage. For Vietnam traders, IC Markets’ faster execution is beneficial for scalping and high-frequency strategies.
Regulation & Safety for Vietnam Traders
| Safety Factor | IC Markets | FP Markets |
|---|---|---|
| Primary regulator | ASIC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by ASIC (Australia) and CySEC (Cyprus), while FP Markets is regulated by ASIC and the FSCA (South Africa). Neither broker is directly regulated by a local financial regulator in Vietnam, but both adhere to strict international standards. For Vietnam traders, this means your funds are held in segregated accounts with major banks, offering a high level of security. Always verify the latest regulatory status before opening an account.
Deposits & Withdrawals for Vietnam
| Payment Method | IC Markets | FP Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 24 hours |
Vietnam traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FP Markets. IC Markets requires a minimum deposit of $200, while FP Markets starts at $100. USDT deposits are processed within minutes, making them popular for quick funding. Bank transfers take 1-3 business days. Withdrawals are generally free at both brokers, though Skrill and Neteller may charge small fees. FP Markets offers slightly faster withdrawal processing times.
Islamic Accounts - Swap-Free for Vietnam Muslims
| Islamic Account Feature | IC Markets | FP Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and FP Markets offer Islamic (swap-free) accounts for Muslim traders in Vietnam. These accounts eliminate overnight interest charges, aligning with Sharia law. IC Markets requires a simple request via email, while FP Markets offers automatic swap-free status for qualifying accounts. Both brokers support all major trading instruments on these accounts, making them suitable for long-term position traders.
Customer Support Comparison
| Support Feature | IC Markets | FP Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets provides 24/7 multilingual support via live chat, email, and phone, with a dedicated Vietnamese-speaking team. FP Markets also offers 24/7 support but has a slightly smaller local team. For Vietnam traders, IC Markets’ local language support and faster response times give it an advantage.
Mobile App Comparison
| Mobile Feature | IC Markets | FP Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | FP Markets |
Education & Research Tools
| Resource | IC Markets | FP Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
IC Markets
FP Markets
Who Should Use Which Broker? - Vietnam Guide
Choose IC Markets if you...
- want the lowest spreads and commissions for high-volume trading
- prefer cTrader for advanced charting and automation
- need the fastest execution speed for scalping
- value 24/7 local language support in Vietnamese
Choose FP Markets if you...
- prefer a lower minimum deposit of $100
- want access to the IRESS platform for direct market access
- prioritize faster withdrawal processing times
- need a wider range of tradable instruments, including CFDs on shares
FAQ - IC Markets vs FP Markets in Vietnam
Final Verdict - Vietnam 2026
For Vietnam traders, both IC Markets and FP Markets are excellent choices, but the decision depends on your trading style. IC Markets wins on lower spreads, faster execution, and superior local language support, making it ideal for active traders and scalpers. FP Markets offers a lower minimum deposit, more platform options, and slightly faster withdrawals, appealing to beginners and those using IRESS. Both brokers support Bank Transfer, Skrill, Neteller, and USDT for deposits, and operate under strong international regulation. While there is no direct local financial regulator oversight, both brokers maintain high security standards. Ultimately, IC Markets edges ahead for most retail traders in Vietnam due to its overall cost efficiency and execution quality.