IC Markets vs FxPro: Uruguay Trader Comparison (2026)

For Uruguay traders, trading costs are a key differentiator. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 commission per lot, while FxPro’s spreads average 0.5 pips on cTrader and 1.2 pips on MT4. On a standard $10,000 trade, IC Markets saves about $5-10 per lot compared to FxPro. High-volume traders benefit more from IC Markets’ cost structure, while FxPro’s no-commission accounts suit casual traders. Both brokers have no hidden fees for Uruguay-based accounts.

IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, offering advanced charting and algorithmic trading tools. FxPro also offers MT4, MT5, and its proprietary FxPro Edge platform. For Uruguay traders, platform stability and mobile access are critical; both brokers deliver reliable apps for iOS and Android. IC Markets’ cTrader is favored for its depth of market and fast order execution, while FxPro’s Edge platform simplifies trading for beginners. Both support automated trading via Expert Advisors.

IC Markets boasts ultra-fast execution with an average latency of 40ms and no requotes, thanks to its Equinix NY4 data center. FxPro’s execution is reliable but slightly slower at 50-60ms, with occasional requotes during volatile markets. For Uruguay traders using USD pairs, IC Markets’ speed reduces slippage, especially during news events. FxPro’s execution is still competitive for most retail strategies.

IC Markets is regulated by ASIC (Australia) and CySEC (Cyprus), while FxPro holds licenses from the FCA (UK), CySEC, and others. For Uruguay traders, this means client funds are segregated and covered by compensation schemes (e.g., FSCS for FxPro). Neither broker is regulated by Uruguay’s local financial regulator, but both comply with international standards. FxPro’s FCA oversight offers additional security for risk-averse traders, while IC Markets’ ASIC regulation ensures strict financial reporting.

Uruguay traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets supports instant e-wallet deposits with no fees, while bank transfers take 1-3 days. FxPro also processes Skrill and Neteller instantly, with USDT deposits available via its crypto option. Minimum deposits: IC Markets requires $200 (standard) or $0 (Raw Spread), FxPro $100. Withdrawals are processed within 24 hours for e-wallets at both brokers, but bank transfers may take 2-5 business days. No extra charges apply for Uruguay clients.

Both IC Markets and FxPro offer Islamic (swap-free) accounts for Uruguay Muslim traders. IC Markets provides swap-free accounts on all account types (Standard, Raw Spread) upon request, with no swap fees on overnight positions. FxPro offers Islamic accounts on standard accounts only, with similar conditions. IC Markets’ broader availability gives it an edge, but both comply with Sharia principles. Traders should confirm eligibility with customer support before opening.

IC Markets offers 24/7 live chat, email, and phone support, with a dedicated Spanish-language team for Uruguay traders. FxPro provides 24/5 support via live chat, phone, and email, also in Spanish. IC Markets’ round-the-clock availability is beneficial for after-hours trading, while FxPro’s support is limited on weekends. Both respond within minutes via chat, but IC Markets edges ahead for accessibility.