IC Markets vs FxPro: Which Broker Suits China Traders Best in 2026?

For China traders, trading costs are a major deciding factor. IC Markets offers raw spreads from 0.0 pips on its True ECN account with a commission of $3.5 per lot per side. In contrast, FxPro's standard account has spreads starting at 0.6 pips with no commission. Over 100 lots per month, IC Markets can save you $70–$100 compared to FxPro, depending on the pair. For high-frequency or scalping strategies common among China retail traders, IC Markets' lower spreads are a clear advantage. However, FxPro's fixed spreads on some accounts provide predictability, which may appeal to beginners.

Both brokers support MetaTrader 4 and 5, which are the most used platforms by China traders. IC Markets also offers cTrader, a popular choice for ECN trading with advanced charting. FxPro provides its proprietary FxPro Edge platform in addition to MT4/5. For China traders who rely on Expert Advisors (EAs) and custom indicators, both brokers are fully compatible. IC Markets' cTrader is favored by scalpers for its speed, while FxPro's Edge platform offers a clean interface for manual traders. Mobile trading apps from both brokers are available in Chinese language.

Execution quality is critical for China traders, especially scalpers and day traders. IC Markets uses Equinix NY4 data centers and offers true ECN execution with no requotes, achieving average execution speeds under 40ms. FxPro also provides fast execution with its No Dealing Desk (NDD) model, but speeds average around 60ms. IC Markets' lower latency and direct market access give it an advantage for high-frequency strategies. Both brokers have 99.9% uptime, but IC Markets' infrastructure is more optimized for algorithmic trading.

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 Financial Conduct Authority (FCA) in the UK and CySEC. For China traders, these offshore regulations mean that client funds are held in segregated accounts, but there is no local regulator oversight. The local financial regulator in China does not supervise foreign forex brokers, so traders must rely on the broker's reputation and international licensing. Both brokers have a strong track record, but IC Markets' higher score reflects greater trust among China users.

Depositing and withdrawing funds is a key concern for China traders due to capital controls. Both IC Markets and FxPro accept Bank Transfer, Skrill, Neteller, and USDT. IC Markets excels with instant USDT deposits via TRC20, which is fast and low-cost for Chinese users. FxPro also supports USDT but may take up to 24 hours for processing. Bank transfers from China can take 3–5 business days and incur higher fees, so Skrill and Neteller are popular alternatives. For withdrawals, IC Markets processes most requests within 24 hours, while FxPro may take 1–2 business days. Both brokers do not charge internal fees, but bank intermediaries may apply charges.

For Muslim traders in China, both IC Markets and FxPro offer Islamic (swap-free) accounts that comply with Sharia law. IC Markets requires clients to submit a request after account opening and may apply a small administration fee after a certain holding period. FxPro automatically provides swap-free accounts for eligible clients from predominantly Muslim regions, including China. Both accounts remove overnight interest on positions, making them suitable for long-term trading. However, IC Markets' policy is more flexible for scalpers, while FxPro's automatic setup is more convenient.

Customer support for China traders is available 24/5 from both brokers via live chat, email, and phone. IC Markets offers Chinese-speaking support during Asian trading hours, while FxPro provides multilingual support including Mandarin. Response times are generally under 5 minutes for live chat. IC Markets has a slight edge with faster email replies, often within 2 hours, compared to FxPro's 4–6 hours. Both brokers have extensive FAQ sections in Chinese.