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FXPesa vs IC Markets: licences, costs and platforms
Facts from both companies’ official pages and regulators’ registers, side by side. We show what the numbers say; the choice is yours.
Facts verified on October 7, 2026
Key differences
- Only IC Markets is licensed by FSA and CySEC.
- Only FXPesa offers Equiti Trader.
- Only IC Markets offers cTrader and TradingView.
- Only FXPesa supports M-Pesa, EazzyPay, and Mobile Money (MTN MoMo, Orange Money) for deposits and withdrawals.
- Only IC Markets supports PayPal for deposits and withdrawals.
- Users of other platforms rate FXPesa higher: 5.0/5, against 4.4/5 for IC Markets.
Side by side
| Criterion | FXPesa | IC Markets |
|---|---|---|
| Our score | Not rated yet | Not rated yet |
| Rating on other platforms | 5.0/5 (3.7K) | 4.4/5 (9,253) |
| Regulators | CMA (Kenya) | FSA, CySEC, CMA (Kenya) |
| Minimum deposit | No minimum | No minimum |
| Account types | Standard, Premier | Raw Spread, cTrader Raw Spread, Standard |
| Commission per lot (raw spread account) | $7 | $7 |
| Platforms | MetaTrader 4, MetaTrader 5, Equiti Trader | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Maximum leverage | up to 1:400 (CMA (Kenya)) | up to 1:5000 (FSA) |
| Swap-free (Islamic) account | On request | On request |
| Deposit and withdrawal methods | M-Pesa (Kenya), EazzyPay (Kenya), Mobile Money (MTN MoMo, Orange Money; Kenya, Uganda, Tanzania), Skrill, Neteller, Visa / Mastercard, Bank transfer | Visa / Mastercard, PayPal, Neteller, Skrill, Bank transfer |
| Retail CFD accounts losing money | 80% | 73.46% |
| Not available in | 4 countries | 5 countries |
| Founded | — | — |
| Headquarters | Kenya | — |
| Read review | Read review |
Frequently asked questions
Which regulators license FXPesa and IC Markets?
FXPesa is licensed by CMA (Kenya); IC Markets by FSA, CySEC, and CMA (Kenya).
What is the minimum deposit at FXPesa and IC Markets?
FXPesa: No minimum. IC Markets: No minimum.
Which trading platforms do FXPesa and IC Markets offer?
Both offer MetaTrader 4 and MetaTrader 5. Only FXPesa offers Equiti Trader. Only IC Markets offers cTrader and TradingView.
Which payment methods do FXPesa and IC Markets support?
Both support Skrill, Neteller, Visa / Mastercard, and Bank transfer for deposits and withdrawals. Only FXPesa supports M-Pesa, EazzyPay, and Mobile Money (MTN MoMo, Orange Money) for deposits and withdrawals. Only IC Markets supports PayPal for deposits and withdrawals.
How are FXPesa and IC Markets rated on other platforms?
FXPesa: 5.0/5 (3.7K); IC Markets: 4.4/5 (9,253). These are ratings by app store and TradingView users, not a Wealth.cat score.
Full reviews
- FXPesa Not rated yet
- IC Markets Not rated yet