IC Markets vs FxPro: United Kingdom Broker Comparison 2026

For United Kingdom traders, trading costs are a key differentiator. IC Markets offers raw spreads from 0.0 pips on its True ECN account with a commission of $3.50 per lot per side, while its standard account has spreads from 0.6 pips with no commission. FxPro's standard account has spreads from 0.6 pips on EUR/USD, and its Raw+ account from 0.0 pips with a $4.50 commission. For UK traders executing 50+ lots per month, IC Markets provides lower overall costs. Scalpers and day traders will benefit from IC Markets' tighter spreads, while FxPro's all-in pricing suits lower-frequency UK traders.

Both brokers cater to United Kingdom traders with top-tier platforms. IC Markets offers MetaTrader 4, MetaTrader 5, cTrader, and a web trader, giving UK traders flexibility for manual and automated trading. FxPro provides MT4, MT5, cTrader, and its proprietary FxPro Edge platform. For UK traders who value advanced charting and algorithmic trading, IC Markets' cTrader integration is a strong advantage. FxPro's proprietary platform is more user-friendly for beginners. Both support VPS hosting for algorithmic traders in the UK.

IC Markets uses Equinix NY4 data centres for ultra-low latency execution, with an average execution speed under 40ms, ideal for UK scalpers and algorithmic traders. FxPro offers straight-through processing (STP) with no dealing desk intervention, but its execution speed is slightly slower at around 60ms. For UK traders who prioritise fast, slippage-free orders, IC Markets has a clear edge. Both brokers offer negative balance protection.

Both IC Markets and FxPro are authorised by the Financial Conduct Authority (FCA) in the United Kingdom, ensuring strict compliance with UK financial regulations. This means UK client funds are held in segregated accounts, and both brokers participate in the Financial Services Compensation Scheme (FSCS) up to £85,000. FxPro is also regulated by the Cyprus Securities and Exchange Commission (CySEC) for its EU entity. For UK traders, FCA oversight provides confidence in transparency and fair treatment, including negative balance protection required by ESMA.

United Kingdom traders can deposit and withdraw using Bank Transfer, PayPal, and Skrill at both IC Markets and FxPro. Deposits via PayPal and Skrill are processed instantly, while bank transfers take 1-3 business days. IC Markets does not charge deposit fees, and FxPro also offers free deposits. Withdrawals are typically processed within 24 hours for e-wallets, and 1-2 days for bank transfers. Both brokers require identity verification for first-time withdrawals, which is standard for FCA-regulated brokers. Minimum deposit is $200 at IC Markets and £100 at FxPro. Using PayPal or Skrill is particularly convenient for UK traders who want fast, low-cost transactions.

Both IC Markets and FxPro offer Islamic (swap-free) accounts for Muslim traders in the United Kingdom who require Sharia-compliant trading. These accounts do not charge or pay overnight interest on positions. IC Markets provides swap-free accounts for all account types, while FxPro offers them on request. UK traders must submit a declaration of faith during registration. Both brokers comply with FCA guidelines, ensuring no hidden fees. However, some instruments may have a holding period or additional admin fee after a certain number of days. Always check the terms with each broker before opening an Islamic account.

IC Markets offers 24/7 customer support via live chat, email, and phone, with a dedicated UK phone line. FxPro provides 24/5 support with live chat, email, and phone, plus a UK-based team. For United Kingdom traders, FxPro's slightly more responsive support during UK business hours is a plus, while IC Markets' round-the-clock availability suits night traders. Both have comprehensive FAQ sections on their UK websites.