IC Markets and FP Markets offer standard accounts in addition to being Australian brokers。Which one is more suitable for you？

IC Markets and FP Markets are two of the world's most popular brokers offering CFDs and forex services.。FP Markets is primarily an Australian broker that is regulated by the Australian Securities and Investments Commission (ASIC), while IC Markets is a global broker that is regulated by a number of financial institutions around the world, including ASIC.。

The services and fees of the two brokers are very similar, opening a trading account is very simple, while withdrawals and deposits are seamless。But FP Markets' customer service quality is slightly better than IC Markets, while the former costs slightly more than the latter。

The purpose of this article is not just to compare the two brokers, but to compare their standard accounts。

IC Markets offers three types of accounts, Standard Spread Account (MT4 / MT5), Original Spread Account (further divided into MT4 / MT5 versions) and cTrader; on the other hand, FP Markets offers only two types of accounts, Standard Spread Account (MT4 / MT5) and Original Spread Account (MT4 / MT5)。Now let's look at the features of each broker's standard account.。

IC Markets Standard Account

Standard accounts provided by IC Markets provide first-class execution speed, plus 1.All-inclusive spreads from 0 o'clock and access to 25 liquidity providers provide traders with an unparalleled overall trading experience。Minimum deposit of $200 for opening a standard account with IC Markets。Some of the key features of the IC Markets standard account include:

• High order execution speed
  Standard accounts can be used on MT4 and MT5 trading platforms, whose servers are located in the Equinix NY4 data center in New York, cross-connected to the main network of IC Markets, ensuring low latency and fast execution of transactions。

  No trading restrictions
  Traders can use any strategy that suits them on this account type in IC Markets, including scalping, as the broker offers some of the best conditions in favor of high-frequency trading。Traders can also hedge if they don't have to worry about paying margin on hedging trades, so they can benefit from margin netting。

  Depth of Market
  Depth of Market shows full executable price range directly from liquidity provider。It also provides full transparency to the liquidity of each currency pair by showing the available trading volume at each price level at any given time.。This high liquidity, combined with low latency and asynchronous spot prices, ensures that traders get the smallest possible spread。

Standard accounts at IC Markets offer up to 1: 500 leverage that traders can use to make the most of their trading strategies。The account also supports all major account currencies, from USD, EUR, AUD to JPY, with a range of financial instruments including Forex (60 pairs) and Commodity and Global Index CFDs.。

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IC Markets

IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

FP Markets Standard Account

FP Markets standard accounts are similar to those offered by IC Markets, with a maximum leverage of 1: 500 and a spread from 1.Starting at 0: 00, trading is commission-free, order execution is based on ECN, traders get quotes directly from liquidity providers without any adjustments from brokers。

Financial instruments available for trading include metals, indices, commodities and more than 60 currency pairs。Traders are free to use any trading method that suits them, including tools that facilitate automated trading, such as expert advisors, with a minimum deposit of 100 Australian dollars or the equivalent of any base currency in the account。

Flexible hand size can be performed, and can be performed as small as a micro hand (0.01) trading, which gives traders the opportunity to test the platform with minimal risk while allowing for optimal trading management based on the trader's account balance。

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Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:

ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。

Overall, the standard accounts offered by the two brokers are very similar, with only minor differences between them。Since the account can be used on the MT4 and MT5 trading platforms of the two brokers, the choice between the two depends on the trader's personal preference。