IC Markets vs FxPro for Canada Traders (2026)

For Canada traders, trading costs are a critical factor. IC Markets offers the Raw Spread account with spreads from 0.0 pips on EUR/USD and a commission of $3.50 per lot round turn. Its Standard account has spreads from 0.6 pips with no commission. FxPro’s Zero account starts at 0.6 pips with a small commission of $6 per lot round turn, while its Standard account has spreads from 0.8 pips. Over 100 lots per month, IC Markets saves Canadian traders roughly $250 in costs compared to FxPro. If you trade high volumes, IC Markets is clearly the more economical choice.

Both brokers offer MT4 and MT5, but FxPro also provides cTrader and its proprietary FxPro Edge platform, which features advanced charting and one-click trading. IC Markets focuses on MT4, MT5, and cTrader, with excellent execution speeds. For Canadian traders who rely on algorithmic trading or Expert Advisors, both brokers are strong, but IC Markets has a slight edge in order execution speed. FxPro’s platform variety may appeal to traders who want more interface options, but for raw performance, IC Markets is preferred.

IC Markets uses raw ECN execution with no dealing desk intervention, achieving average execution speeds under 40ms. FxPro also offers ECN execution on its cTrader platform, but its standard accounts may have slight requotes during volatile periods. For Canadian scalpers and day traders, IC Markets delivers superior execution quality with minimal slippage. FxPro’s execution is still good but not as consistent under high market stress.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FxPro is regulated by the UK Financial Conduct Authority (FCA), CySEC, and the Financial Sector Conduct Authority (FSCA) of South Africa. For Canada traders, neither broker is directly regulated by a Canadian authority, but both operate under international licenses that allow them to serve Canadian clients. This means Canadian traders benefit from tier-1 regulation (FCA for FxPro, ASIC for IC Markets) but do not have local investor protection like the Canadian Investor Protection Fund (CIPF). Always check the entity you are trading with.

Both IC Markets and FxPro support Bank Transfer, Skrill, Neteller, and USDT for Canadian traders. IC Markets also accepts credit/debit cards and PayPal, while FxPro adds PayPal and bank cards. Deposits via e-wallets and USDT are instant, while bank transfers take 1-3 business days. Minimum deposits are $200 for IC Markets and $100 for FxPro. Withdrawals at IC Markets are processed within 1 business day for e-wallets and 3-5 days for bank transfers; FxPro typically processes within the same timeframe. USDT deposits are a modern option for Canadian crypto users, with no additional fees from either broker. Overall, both offer convenient deposit and withdrawal methods tailored to Canada.

Both IC Markets and FxPro offer swap-free Islamic accounts for Canadian Muslim traders. IC Markets requires a minimum deposit of $200 and processes the request within 24 hours. FxPro also provides Islamic accounts on request, but they may impose a holding period of up to 10 days for certain instruments. Neither broker charges additional fees for maintaining an Islamic account. For Canadian traders seeking Sharia-compliant trading, both options are viable, but IC Markets offers faster approval and more transparent terms.

IC Markets provides 24/7 customer support via live chat, email, and phone, with response times under 5 minutes. FxPro offers 24/5 support with live chat, email, and phone, plus a dedicated account manager for VIP clients. For Canadian traders, both brokers offer English-language support, but IC Markets’ 24/7 availability is a clear advantage for those trading outside regular hours. FxPro’s support is still reliable but more limited in hours.