Direct Specification Matrix
Funding Pips vs IC Markets
Comprehensive side-by-side comparison of rules, prize structures, and trader experiences. Ratings calculated independently using identical public criteria.
Platform Type
prop firm
forex broker
Founded Year
2022
2007
HQ Country
AE
AU
Tradable Markets
forex, indices, commodities, crypto
forex, indices, commodities, stocks
Competition Formats
free, demo, simulated live_data
live account, volume based, deposit required
Entry Barrier / Cost
Free / Demo available
$200 deposit required
Typical Prize Pools
$15,000 – $60,000 USD
$20,000 – $250,000 USD
Max Leverage
Up to 1:100
Up to 1:500
Regulation Status
Proprietary Trading Firm Entity (Dubai UAE)
ASIC (Australia), CySEC (Cyprus), SCB (Bahamas)
Payout Track Record
VERIFIED
VERIFIED
Decision Summary: Which Should You Choose?
Choose Funding Pips if:
- • You prioritize forex, indices, commodities, crypto markets.
- • You prefer free, demo, simulated live_data formats.
- • You want access to free demo competitions.
Choose IC Markets if:
- • You trade primarily on forex, indices, commodities, stocks.
- • You value live account, volume based, deposit required structures.
- • You want access to high volume reward tiers.