Quick Verdict — Indonesia Traders
Best Overall
IC Markets
Higher overall score & more features
Best Spreads
FxPro
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Indonesia Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:500
Max leverage
Head-to-head comparison
For Indonesia traders comparing IC Markets vs FxPro in 2026, the choice often comes down to cost versus regulation. IC Markets, rated 4.8/5, is known for ultra-low spreads and high-speed execution, making it a favorite among active retail traders in Jakarta, Surabaya, and beyond. FxPro, with a 4.1/5 rating, offers a more heavily regulated environment under FCA and CySEC, appealing to those who value oversight. Both brokers accept Indonesian clients and support local deposit methods such as Bank Transfer, Skrill, Neteller, and USDT. However, neither is directly licensed by the local financial regulator, so traders must rely on international protections. This comparison covers spreads, platforms, regulation, and deposit/withdrawal specifics to help you decide which broker suits your Indonesia-based trading style.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS
FxPro
FCA · CySEC · FSCA
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 | 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 |
IC Markets offers a clear cost advantage for Indonesia traders, with Raw Spread accounts starting from 0.0 pips and a $3.50 commission per lot. FxPro’s spreads begin at 0.3 pips on MT4, with no commission on standard accounts but wider spreads on indices and commodities. For a trader executing 10 lots per month on EUR/USD, IC Markets can save up to $50 in spread costs. This difference is significant for high-volume retail traders in Indonesia who rely on tight margins.
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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 |
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Leverage Comparison - Indonesia Traders
| Entity / Asset | IC Markets | FxPro |
|---|
| Indonesia (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 |
Leverage Warning for Indonesia Traders
Traders in Indonesia 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 | 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 |
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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 provides ultra-fast execution with average speeds below 40ms, using Equinix NY4 servers. FxPro offers reliable execution but averages around 60-80ms. For Indonesia traders who scalp or use automated strategies, IC Markets’ lower latency can reduce slippage. FxPro’s No Dealing Desk model still ensures fair execution but may not match IC Markets’ speed for high-frequency trading.
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Regulation & Safety for Indonesia Traders
| Safety Factor | IC Markets | FxPro |
|---|
| 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 is regulated by the local financial regulator in Indonesia. However,
FxPro’s FCA regulation offers up to £85,000 compensation under the FSCS, which may reassure risk-averse Indonesia traders. IC Markets’
ASIC regulation provides strong oversight but lower compensation limits.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Indonesia traders may differ by entity.
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Deposits & Withdrawals for Indonesia
| 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 |
Indonesia traders can fund accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT. IC Markets processes deposits instantly for e-wallets and USDT, while bank transfers may take 1-3 business days. FxPro offers similar speed but charges a small fee for some bank transfers. Withdrawals are typically processed within 24 hours for e-wallets and 1-2 days for USDT. For Indonesia traders, USDT is particularly convenient due to low fees and no currency conversion issues. Minimum deposits start at $100 for IC Markets and $100 for FxPro, making FxPro more accessible for beginners.
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Islamic Accounts - Swap-Free for Indonesia 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 Indonesia’s Muslim traders. These accounts do not charge or pay overnight interest, aligning with Sharia law. IC Markets provides swap-free accounts on all account types except for certain instruments. FxPro offers Islamic accounts on its Standard and Raw accounts. No additional fees are applied, and switching is free. This makes both brokers suitable for Indonesia’s large Muslim population.
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 | 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 offers 24/7 customer support via live chat, email, and phone, with Bahasa Indonesia language options available. FxPro provides 24/5 support with a dedicated Indonesia phone line and email. IC Markets’ round-the-clock support is advantageous for traders in different time zones within Indonesia. Both have responsive teams, but IC Markets edges ahead for availability.
| 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 |
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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 |
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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
FxPro
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Indonesia Guide
Choose IC Markets if you...
- Want the lowest spreads and commissions for active trading
- Need ultra-fast execution for scalping or EA trading
- Prefer cTrader for advanced charting
- Trade high volume and want to minimize costs
Choose FxPro if you...
- Value FCA regulation and investor compensation
- Are a beginner with a lower minimum deposit ($100)
- Want a wider range of platform choices including proprietary
- Prefer a broker with a dedicated Indonesia support line
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FAQ - IC Markets vs FxPro in Indonesia
Is IC Markets or FxPro better for Indonesia?
+Can Indonesia traders use both brokers legally?
+Which broker has lower spreads for Indonesia traders?
+How do Indonesia traders deposit at IC Markets and FxPro?
+Do both brokers offer Islamic accounts for Indonesia?
+Final Verdict - Indonesia 2026
IC Markets wins overall
For Indonesia traders, IC Markets is the stronger choice for cost-conscious active traders who want tight spreads and fast execution. FxPro appeals to those who prioritize regulatory protection and lower entry barriers. Both accept local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and offer Islamic accounts. However, IC Markets’ superior scores (4.8 vs 4.1) and lower trading costs make it the default recommendation for most retail traders in Indonesia, provided they are comfortable with offshore regulation. Ultimately, your choice depends on whether you value cost efficiency or regulatory safety more.
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.
