Is IC Markets better than FXPrimus?

In the realm of Forex trading, selecting the right broker is crucial for ensuring both the security of funds and the efficacy of trading strategies. IC Markets and FXPrimus are two prominent players in the field, each with its unique offerings and market reputation. This article provides a comprehensive comparison between IC Markets and FXPrimus, focusing on their features, trading conditions, and user feedback, to determine which might be the better choice for both novice and experienced Forex traders.


Choosing a Forex broker involves considering a multitude of factors, including regulatory compliance, trading platform options, account types, market access, trading costs, and customer support. IC Markets and FXPrimus, both established names in the Forex industry, offer distinct advantages and some limitations. This analysis aims to dissect these aspects to guide traders in their decision-making process.

Regulatory and Security Comparison

IC Markets

IC Markets is regulated by top-tier authorities including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). This multi-jurisdictional regulation ensures a high level of trader protection and financial transparency.


FXPrimus also boasts strong regulatory oversight, being regulated by CySEC and the Vanuatu Financial Services Commission (VFSC). Additionally, FXPrimus is known for its focus on client fund security, offering insurance coverage for client funds which is a unique feature not commonly found among Forex brokers.

Trading Platforms and Tools

IC Markets

IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader, which are widely regarded as the leading platforms in Forex trading. These platforms are known for their robustness, comprehensive analytical tools, and algorithmic trading capabilities.


FXPrimus primarily offers MetaTrader 4 and has customized it to enhance user experience with additional trading tools and resources. Although not offering as wide a range of platforms as IC Markets, FXPrimus focuses on providing a stable and enriched trading experience on MT4.

Account Types and Trading Conditions

IC Markets

IC Markets provides a variety of account types, including Raw Spread, Standard, and Islamic accounts, catering to different trader needs. Their spreads start from 0.0 pips on major pairs with competitive commissions and no requotes, which is ideal for scalpers and high-volume traders.


FXPrimus offers similar account types including a Variable, ECN Premier, and Islamic accounts. Their trading conditions are also competitive, though spreads might be slightly higher compared to IC Markets. However, FXPrimus offers additional features like free VPS services and educational resources, enhancing value for some traders.

User Feedback and Market Reputation

Customer Satisfaction

IC Markets generally receives positive reviews for its low-latency execution and tight spreads, which are crucial for day traders and those using automated trading systems. On the other hand, FXPrimus is often praised for its customer support and educational resources, making it a favorite among new traders.

Industry Trends and Data

Recent trends in Forex trading show a significant emphasis on technological advancements and the importance of customer service in broker selection. Both IC Markets and FXPrimus invest heavily in these areas, although IC Markets tends to focus more on technology and trading conditions, while FXPrimus places a greater emphasis on trader education and support.


Determining whether IC Markets is better than FXPrimus depends largely on the individual trader’s needs. IC Markets may be preferable for those who require advanced trading tools and ultra-tight spreads. Conversely, FXPrimus could be the better option for traders who value educational support and additional safety measures for their investments. Both brokers offer robust trading environments and are reputable, making them both worthy of consideration for Forex traders.