IC Markets vs FxPro for Brazil Traders (2026): Full Comparison

For Brazil traders focused on cost efficiency, IC Markets is the clear winner. It offers raw spreads from 0.0 pips on major pairs like EUR/USD, with a commission of $3.50 per lot per side. FxPro’s spreads start from 0.6 pips (no commission on Standard accounts), but the total cost per lot is higher. On a typical 10-lot trade per month, IC Markets saves roughly $30–$50 in spreads. Both brokers charge no deposit fees, but IC Markets has lower inactivity fees ($0 vs FxPro’s $5/month after 6 months). For high-volume Brazil traders, IC Markets’ cost advantage is significant.

IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader, making it a top choice for Brazil traders who rely on EA trading or advanced charting. FxPro provides MT4, MT5, and its own FxPro Edge platform with a clean interface. For Brazil traders who value algorithmic trading, IC Markets’ cTrader is superior due to its cAlgo automation. FxPro’s Edge platform is better for manual traders who want a modern, web-based experience. Both brokers offer mobile apps for iOS and Android, but IC Markets’ MT4/MT5 integration is more robust for scalping and day trading.

IC Markets uses Equinix NY4 servers for ultra-low latency execution (average 40ms), ideal for scalping and high-frequency trading. FxPro uses Equinix LD4 servers with average 60ms latency. IC Markets offers no requotes and supports ECN/STP execution, while FxPro uses market execution with occasional requotes during volatile periods. For Brazil traders who trade news events or use EAs, IC Markets’ execution is superior.

IC Markets is regulated by CySEC (EU), ASIC (Australia), and the FSA (Seychelles). FxPro holds licenses from the FCA (UK), CySEC, and the FSCA (South Africa). Neither broker is directly regulated by the local financial regulator of Brazil (CVM). This means Brazil traders benefit from international investor protection (e.g., negative balance protection under CySEC for IC Markets, FSCS protection up to £85,000 for FxPro UK clients). For Brazil traders, the key is to choose a broker with strong tier-1 regulation; both meet this standard, but IC Markets’ ASIC license offers robust oversight.

Brazil traders can fund accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT. IC Markets also accepts credit/debit cards and PayPal; FxPro adds PayPal and bank wire. Minimum deposits: IC Markets $200, FxPro $100. Deposits via Skrill and Neteller are instant; Bank Transfer takes 1-3 business days. USDT deposits (TRC-20 or ERC-20) are processed within minutes at both brokers. Withdrawals are free at IC Markets (except bank wire fees), while FxPro charges a small fee for bank transfers. Processing times are similar: 1-2 business days for e-wallets, 3-5 for bank transfers. Both brokers support BRL conversion, though rates may vary.

Both IC Markets and FxPro offer swap-free Islamic accounts for Muslim traders in Brazil. IC Markets provides Islamic accounts on all account types (Standard, Raw Spread) with no swap charges on overnight positions, subject to eligibility. FxPro also offers Islamic accounts, but they are limited to certain account types (e.g., Standard) and require a request via customer support. IC Markets’ policy is more straightforward, with automatic approval for eligible traders. Both brokers require a minimum deposit of $200 for Islamic accounts. For Brazil Muslim traders, IC Markets is the more convenient option.

IC Markets offers 24/7 live chat, email, and phone support in English, with limited Portuguese assistance. FxPro provides 24/5 support via live chat, email, and phone, with Portuguese-speaking agents available during business hours. For Brazil traders, FxPro’s Portuguese support is a plus, but IC Markets’ 24/7 availability is beneficial for overnight trading. Both brokers have comprehensive FAQ sections on their websites.