Quick Verdict — Paraguay Traders
Best Overall
IC Markets
Higher overall score & more features
Best Spreads
Admirals
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Paraguay Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
For Paraguay traders looking for a reliable forex broker, IC Markets and Admirals are two popular choices with distinct strengths. IC Markets holds a 3.6/5 score, offering ultra-low spreads and fast execution ideal for active retail traders. Admirals, scoring 4.1/5, provides a solid platform with integrated research tools but higher costs. Both brokers accept Paraguay traders and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals convenient. However, neither is regulated by the local financial regulator, so traders must rely on international licenses. This comparison examines spreads, platforms, regulation, and payment options specifically for Paraguay users, helping you choose based on your trading style and volume. Whether you scalp or swing trade, understanding these differences is key to optimizing your trading costs in 2026.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS
Admirals
FCA · ASIC · CySEC
3.1
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Admirals | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Admirals |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Admirals |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Admirals |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Admirals |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $1 | Admirals |
IC Markets offers a clear cost advantage for Paraguay traders with spreads from 0.0 pips on the Raw Spread account and a commission of $3.50 per lot per side. Admirals' Zero account starts at 0.5 pips with a $2.00 commission per lot, while its Trade account has spreads from 0.8 pips with no commission. For a Paraguay trader executing 10 lots per day, IC Markets can save approximately $30-$50 monthly in spread costs. Both brokers charge no deposit fees for Bank Transfer, Skrill, Neteller, or USDT, but IC Markets' lower spreads make it more cost-effective for frequent trading.
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Account Types Comparison
| Account Type | IC Markets | Admirals |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $1 |
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Leverage Comparison - Paraguay Traders
| Entity / Asset | IC Markets | Admirals |
|---|
| Paraguay (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Paraguay Traders
Traders in Paraguay typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Admirals | 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+ | Admirals |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Admirals | Winner |
|---|
| Execution model | ECN/STP | True ECN | Admirals |
| 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 boasts an average execution speed of under 40ms, using Equinix NY4 servers for ultra-low latency. Admirals also offers fast execution but averages around 50-60ms. For Paraguay traders, IC Markets' faster execution reduces slippage during volatile market conditions, making it ideal for scalping and high-frequency strategies. Both brokers use No Dealing Desk (NDD) execution, but IC Markets' infrastructure is more advanced.
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Regulation & Safety for Paraguay Traders
| Safety Factor | IC Markets | Admirals |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. Neither broker falls under the local financial regulator in Paraguay, which means traders lack local dispute resolution. However, both brokers offer negative balance protection and segregated client funds under their top-tier licenses. IC Markets Global is not FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Paraguay traders may differ by entity.
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Deposits & Withdrawals for Paraguay
| Payment Method | IC Markets | Admirals |
|---|
| 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 | e-wallets take instant to 1 business day, credit/debit cards take 1 business day, and bank transfers take 1 to 3 business days. |
Both brokers support multiple deposit methods for Paraguay traders, including Bank Transfer, Skrill, Neteller, and USDT. IC Markets requires a minimum deposit of $1, while Admirals asks for $100. Deposits via Skrill, Neteller, and USDT are instant and fee-free, while bank transfers take 1-3 business days and may incur intermediary fees. Withdrawals are processed within 24 hours for e-wallets and USDT, with bank transfers taking 2-5 days. IC Markets charges no withdrawal fees, but Admirals may charge a small fee for bank transfers. USDT deposits are particularly useful for Paraguay traders seeking fast, low-cost funding.
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Islamic Accounts - Swap-Free for Paraguay Muslims
| Islamic Account Feature | IC Markets | Admirals |
|---|
| 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 Admirals offer Islamic (swap-free) accounts for Paraguay Muslim traders. IC Markets provides Islamic accounts on all account types without additional fees, though positions held beyond a few days may incur a small administrative fee. Admirals offers Islamic accounts upon request, with swap-free conditions for all instruments except some commodities. For Paraguay traders, IC Markets' policy is more straightforward, with no hidden charges for short-term holding. Always confirm eligibility with customer support before opening an Islamic account.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Admirals | 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 offers 24/7 live chat, email, and phone support in English and Spanish, which is beneficial for Paraguay traders. Admirals provides multilingual support via live chat and email, with phone support available during business hours. IC Markets' 24/7 availability gives it an edge for Paraguay traders operating in different time zones. Both brokers have responsive teams, but IC Markets' Spanish-language support is more accessible.
| Mobile Feature | IC Markets | Admirals | 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 |
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Education & Research Tools
| Resource | IC Markets | Admirals | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Admirals
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Paraguay Guide
Choose IC Markets if you...
- Want the lowest spreads starting from 0.0 pips to maximize cost savings.
- Prefer cTrader for advanced charting and one-click trading.
- Need fast execution under 40ms for scalping strategies.
- Value 24/7 customer support in Spanish for Paraguay time zones.
Choose Admirals if you...
- Prefer a lower minimum deposit of $100 to start trading.
- Want integrated research tools like Trading Central for analysis.
- Need a regulated broker with FCA or CySEC licenses.
- Trade lower volumes and don't need the tightest spreads.
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FAQ - IC Markets vs Admirals in Paraguay
Is IC Markets or Admirals better for Paraguay?
+Can Paraguay traders use both brokers legally?
+Which broker has lower spreads for Paraguay traders?
+How do Paraguay traders deposit at IC Markets and Admirals?
+Do both brokers offer Islamic accounts for Paraguay?
+Final Verdict - Paraguay 2026
IC Markets wins overall
For Paraguay traders, IC Markets is the clear winner with a 3.6/5 score, offering lower spreads, faster execution, and better support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT. Its cTrader platform and 24/7 Spanish support make it ideal for active retail traders. Admirals is a solid alternative for beginners or those who value integrated research, but its higher costs and fewer platform options limit its appeal. While neither broker is regulated by the local financial regulator, IC Markets' ASIC oversight adds credibility. If you trade frequently in USD, IC Markets' cost efficiency and execution speed will likely yield better results in 2026.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
