IC Markets vs FxPro for Myanmar Traders (2026)

IC Markets offers significantly lower trading costs for Myanmar traders, with spreads from 0.0 pips on its Raw Spread account and a commission of $7 per lot round turn. FxPro’s spreads start around 0.6 pips on its MT4 platform with no commission, but the overall cost is higher, especially for high-volume traders. For a Myanmar trader executing 10 lots per month, IC Markets could save $50–$100 in spreads compared to FxPro. Additionally, IC Markets does not charge deposit fees for USDT or Skrill, while FxPro may apply small conversion fees for non-USD deposits. Lower costs directly improve profitability for active retail traders in Myanmar.

Both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are the most popular platforms among Myanmar traders due to their advanced charting and automated trading capabilities. FxPro also offers cTrader, a platform known for its intuitive interface and depth of market, which appeals to traders who prefer direct market access. IC Markets provides its own web trader and mobile apps, but its strength lies in the raw speed of MT4/MT5 execution. For Myanmar traders who value platform variety, FxPro has an edge, but for those prioritizing low latency and tight spreads, IC Markets is superior.

IC Markets uses Equinix NY4 data centers and offers low-latency execution with an average speed of under 40ms, making it ideal for scalpers and algorithmic traders in Myanmar. FxPro also provides fast execution via its own infrastructure, but its average speed is slightly higher at around 50–60ms. For Myanmar traders who rely on quick order fills during volatile markets, IC Markets’ execution quality is superior. Both brokers offer no dealing desk (NDD) execution, but IC Markets’ raw spreads and speed give it an edge.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), while 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 Myanmar, but both comply with international standards. For Myanmar traders, FxPro’s FCA regulation offers a higher level of client fund protection (up to £85,000 under the FSCS), while IC Markets’ ASIC regulation ensures strong oversight. However, no broker offers local investor protection in Myanmar, so traders should consider the reputational strength of each regulator.

Myanmar traders can deposit and withdraw funds using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FxPro. IC Markets processes withdrawals within 24 hours for e-wallets and USDT, while bank transfers may take 2–5 business days. FxPro also offers fast e-wallet withdrawals but may charge a small fee for certain methods. USDT is especially popular among Myanmar traders because it bypasses local bank delays and currency conversion issues. Both brokers accept deposits in USD, which is convenient for Myanmar traders who can fund via USDT or Skrill. Minimum deposits are low: IC Markets requires $200 (or equivalent in USDT), while FxPro requires $100 for most accounts. Overall, IC Markets offers slightly faster processing times and lower fees for Myanmar traders.

Both IC Markets and FxPro offer Islamic (swap-free) accounts for Muslim traders in Myanmar, in compliance with Sharia law that prohibits earning or paying interest (Riba). IC Markets provides swap-free accounts automatically on all account types for eligible clients, with no expiry date. FxPro offers Islamic accounts upon request and may apply a small administrative fee after holding positions for a certain period. For Myanmar Muslim traders who trade long-term positions, IC Markets’ policy is more favorable as it does not charge swap fees or time limits. Both brokers require clients to confirm their Muslim faith to qualify for Islamic accounts.

IC Markets offers 24/7 customer support via live chat, email, and phone, with agents available in English. FxPro also provides 24/5 support (Monday to Friday) with multilingual options including English and Arabic. For Myanmar traders, IC Markets’ round-the-clock support is a key advantage, especially for those trading during Asian market hours. FxPro’s support is responsive but limited to weekdays. Both brokers have extensive FAQ sections on their websites.