IC Markets vs FxPro: In-Depth Comparison for Portugal Traders (2026)
Which broker is better for Portugal traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Portugal Traders
Portugal traders seeking a reliable forex broker often compare IC Markets vs FxPro, two globally recognized brokers with strong offerings for retail traders. IC Markets, scoring 4.8/5, is known for its ultra-low spreads and advanced trading platforms, while FxPro, scoring 4.1/5, offers a well-regulated environment and a user-friendly experience. For Portuguese traders, factors like local payment methods (Bank Transfer, Skrill, Neteller, USDT), regulatory oversight, and trading costs are critical. Both brokers accept Portuguese clients and support trading in USD, the base currency for this comparison. IC Markets caters to active traders with raw spreads from 0.0 pips, while FxPro appeals to those prioritizing security and simplicity. This guide breaks down each aspect to help you choose the best broker for your needs in Portugal.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | IC Markets | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $100 | FxPro |
When comparing trading costs for Portugal traders, IC Markets has a clear advantage with spreads starting from 0.0 pips on its Raw Spread account, plus a commission of $7 per lot. FxPro offers spreads from 0.2 pips on its MT4/MT5 platforms without commission, but overall costs are higher for high-frequency traders. For a Portugal trader executing 50 lots per month on EUR/USD, IC Markets can save up to $150 in trading costs compared to FxPro. Both brokers offer competitive pricing, but IC Markets is more cost-effective for active retail traders in Portugal.
Account Types Comparison
| Account Type | IC Markets | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $100 |
Leverage Comparison - Portugal Traders
| Entity / Asset | IC Markets | FxPro |
|---|---|---|
| Portugal (offshore) | Up to 1:5000 | Up to 1:500 |
| Forex major pairs | 1:5000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | IC Markets | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | IC Markets | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
IC Markets provides MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, offering flexibility for Portugal traders who prefer advanced charting and automated trading. FxPro supports MT4, MT5, and its proprietary FxPro Edge platform, which is simpler and ideal for beginners. For Portuguese traders, IC Markets’ cTrader is particularly popular for its depth of market and fast execution. Both platforms are available in Portuguese language, making them accessible to local traders.
Execution Quality - Speed & Slippage
| Factor | IC Markets | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets offers ultra-fast execution with an average speed of 40ms, ideal for scalpers and algorithmic traders in Portugal. FxPro provides execution speeds under 100ms, suitable for day traders but slower for high-frequency strategies. Both use No Dealing Desk (NDD) execution, but IC Markets’ infrastructure is more advanced for demanding traders.
Regulation & Safety for Portugal Traders
| Safety Factor | IC Markets | FxPro |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by the FCA (UK), CySEC (Cyprus), ASIC (Australia), and FSCA (South Africa), providing strong oversight. FxPro is regulated by the FCA, CySEC, FSCA, and also the CMVM (Portugal’s local financial regulator) through its Portuguese branch. For Portugal traders, FxPro’s direct CMVM regulation offers an extra layer of protection, while IC Markets relies on EU passporting. Both offer negative balance protection and segregated accounts, but FxPro’s local presence may appeal to risk-averse traders.
Deposits & Withdrawals for Portugal
| Payment Method | IC Markets | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 1 business day |
Portugal traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FxPro. IC Markets also accepts credit/debit cards and PayPal, while FxPro supports local EUR bank transfers. Deposits via digital wallets and USDT are instant, while bank transfers take 1-3 days. Withdrawals are processed within 24 hours at IC Markets and within 2-3 business days at FxPro. Both brokers charge no fees for deposits, but FxPro may apply a small fee for certain withdrawal methods. USDT deposits are particularly convenient for crypto-friendly Portugal traders.
Islamic Accounts - Swap-Free for Portugal Muslims
| Islamic Account Feature | IC Markets | FxPro |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and FxPro offer Islamic (swap-free) accounts for Muslim traders in Portugal. IC Markets provides swap-free accounts automatically upon request with no expiry date, while FxPro requires a formal application and may limit the account to certain trading instruments. Both brokers ensure no overnight interest is charged, complying with Sharia law. For Portugal’s growing Muslim community, IC Markets offers a more straightforward process.
Customer Support Comparison
| Support Feature | IC Markets | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets provides 24/7 customer support via live chat, email, and phone, with Portuguese language support available. FxPro offers support 24/5 (Monday to Friday) via live chat, phone, and email, also in Portuguese. IC Markets’ round-the-clock support is better for active traders, while FxPro’s hours suffice for most retail traders in Portugal.
Mobile App Comparison
| Mobile Feature | IC Markets | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | IC Markets | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
IC Markets
FxPro
Who Should Use Which Broker? - Portugal Guide
Choose IC Markets if you...
- Want the lowest spreads and commissions for active trading
- Prefer fast execution (40ms) for scalping and automated strategies
- Need a wide range of deposit methods including USDT
- Value 24/7 customer support in Portuguese
Choose FxPro if you...
- Prefer a broker regulated directly by Portugal’s CMVM
- Want a simpler trading platform (FxPro Edge) for beginners
- Need local EUR bank transfer options
- Prioritize security and a more conservative trading environment
FAQ - IC Markets vs FxPro in Portugal
Final Verdict - Portugal 2026
For Portugal traders, IC Markets is the superior choice for active retail traders seeking low costs and fast execution, while FxPro offers a more regulated and beginner-friendly experience. IC Markets excels with spreads from 0.0 pips, instant deposits via Skrill, Neteller, and USDT, and 24/7 support. FxPro’s direct CMVM regulation provides added security for risk-averse traders. If you trade high volumes or use automated strategies, IC Markets is the clear winner. For occasional traders who value local oversight, FxPro is a solid alternative. Both brokers support Portuguese clients with local payment methods and language support.