IC Markets vs FxPro for Maldives Traders (2026)

For Maldives traders, trading costs are a key factor, especially when trading frequently. IC Markets offers a Raw Spread account with spreads from 0.0 pips and a commission of $3.50 per lot round turn, making it ideal for scalpers and day traders. FxPro’s standard account has spreads around 1.2 pips on EUR/USD with no commission, while its Raw account (on MT4/MT5) has spreads from 0.0 pips but with a higher commission of $4.50 per lot. Over 100 lots per month, IC Markets saves approximately $100-$200 in costs compared to FxPro, which is significant for Maldivian traders managing tight margins.

Both brokers offer the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among Maldives traders for their robust charting and automated trading capabilities. IC Markets also provides cTrader, a platform with advanced order management and a clean interface, favored by scalpers. FxPro additionally offers its proprietary FxPro Edge platform, which is web-based and user-friendly. For Maldives traders who need fast execution and customization, IC Markets’ cTrader is a standout, while FxPro’s multi-platform approach suits those who want flexibility.

IC Markets is renowned for its ultra-fast execution with an average speed of 40ms on its Equinix NY4 servers, making it ideal for scalpers and high-frequency traders in the Maldives. FxPro offers execution speeds around 60ms, which is still fast but slightly slower. Both brokers use No Dealing Desk (NDD) execution with no requotes, but IC Markets’ lower latency and deeper liquidity pool give it a clear edge for active traders.

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, CySEC, and the Financial Sector Conduct Authority (FSCA) in South Africa. Neither broker is regulated by the local financial regulator in the Maldives, but both are subject to strict oversight from top-tier authorities. This means Maldivian traders benefit from segregated client funds, negative balance protection, and access to dispute resolution schemes, providing a secure trading environment.

Depositing and withdrawing funds is straightforward for Maldives traders at both brokers. IC Markets and FxPro accept Bank Transfer, Skrill, Neteller, and USDT, which are widely used in the Maldives. IC Markets also supports credit/debit cards and PayPal, while FxPro adds credit/debit cards. Deposits via Skrill, Neteller, and USDT are typically instant, while Bank Transfer may take 1-3 business days. Withdrawals are processed within 24 hours at IC Markets and 1-2 business days at FxPro, with no fees charged by the brokers. USDT deposits are particularly convenient for Maldivian traders who prefer cryptocurrency-based funding for speed and lower costs.

Both IC Markets and FxPro offer swap-free (Islamic) accounts for Muslim traders in the Maldives. IC Markets provides Islamic accounts on all account types (Standard, Raw Spread, and cTrader) with no additional fees, and they are available immediately upon request. FxPro also offers Islamic accounts but requires a request via email or live chat, and they are available on all account types. Both brokers ensure that no overnight interest is charged or credited, in compliance with Sharia law. For Maldivian Muslim traders, IC Markets’ instant availability is a slight advantage.

IC Markets offers 24/7 customer support via live chat, email, and phone, with multilingual support including English and Arabic. FxPro provides support 24/5 via live chat, email, and phone, also in multiple languages. For Maldives traders operating in different time zones, IC Markets’ 24/7 support is more convenient, especially during weekends or late-night trading sessions.