IC Markets vs FxPro for Norway Traders (2026)

IC Markets offers significantly lower trading costs for Norwegian traders. On its Raw Spread account, spreads start from 0.0 pips on major pairs like EUR/USD, with a commission of $3.50 per lot round turn. FxPro’s Zero account starts from 0.5 pips with a $6 commission per lot. For a Norwegian trader executing 50 lots per month, IC Markets saves approximately $125 in spread costs. Swap rates are competitive on both brokers, but IC Markets has a slight edge for long-term positions. Volume-based discounts are available at IC Markets for high-frequency traders.

IC Markets supports MetaTrader 4, MetaTrader 5, and cTrader, all popular among Norwegian traders who value advanced charting and automated trading. FxPro also offers MT4, MT5, and cTrader, plus its proprietary FxPro Edge platform. For Norwegian traders, platform stability and execution speed are critical due to time zone differences (CET+1). Both brokers provide VPS hosting for algorithmic trading, but IC Markets has more server locations in Europe for lower latency. FxPro’s cTrader interface is slightly more intuitive for beginners.

IC Markets offers raw ECN execution with average order execution speed of 40ms, making it ideal for scalpers in Norway. FxPro uses straight-through processing (STP) with execution speeds around 100ms. IC Markets has no requotes and minimal slippage, while FxPro may experience slippage during high volatility. For Norwegian traders trading during London/New York overlap, IC Markets provides more consistent fills.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in Seychelles. FxPro is regulated by the UK Financial Conduct Authority (FCA), CySEC, and the Financial Sector Conduct Authority (FSCA) in South Africa. For Norwegian traders, FCA regulation (FxPro) offers the strongest client protection, including negative balance protection and compensation schemes. IC Markets’ ASIC regulation also provides robust oversight. Both brokers comply with ESMA leverage limits for EU clients, but Norwegian traders can opt for offshore entities to access higher leverage.

Norwegian traders can fund their IC Markets and FxPro accounts using Bank Transfer, Skrill, Neteller, and USDT. IC Markets processes Skrill and Neteller deposits instantly with no fees, while bank transfers take 1-3 business days and may incur intermediary charges. FxPro also supports these methods, with Skrill and Neteller deposits appearing immediately. USDT deposits are available through third-party processors like CoinPayments, with IC Markets offering lower conversion fees. Withdrawals at IC Markets are free for Skrill and Neteller, while bank transfers cost $10. FxPro charges no withdrawal fees, but Skrill/Neteller withdrawals may take 24 hours. Minimum deposit at IC Markets is $200, while FxPro requires $100. Both brokers support NOK via bank transfer, but conversion to USD is automatic.

Both IC Markets and FxPro offer Islamic (swap-free) accounts for Muslim traders in Norway. IC Markets provides swap-free accounts on all account types (Standard, Raw Spread) with no additional fees, and no time limit on holding positions. FxPro offers Islamic accounts on standard accounts only, with swap-free status applied automatically upon request. Both brokers comply with Sharia law by not charging or paying overnight interest. Norwegian Muslim traders can open an Islamic account by contacting support, with approval within 24 hours.

IC Markets offers 24/7 customer support via live chat, email, and phone, with Norwegian-language support available during business hours. FxPro provides 24/5 support with English, Norwegian, and other languages. IC Markets has faster response times (under 30 seconds on live chat) and a comprehensive FAQ section in Norwegian. FxPro’s phone support is more personalized but limited to trading hours.