IC Markets Vs FxPro: Which Broker Is Better For Japan Traders In 2026?

For Japan traders, trading costs are a critical factor. IC Markets offers raw spreads from 0.0 pips on its True ECN account with a commission of $7 per lot round turn. In contrast, FxPro's spreads start from 0.6 pips on cTrader and 1.2 pips on MT4/MT5, with no commission on standard accounts. On a typical USD/JPY trade of 1 lot, IC Markets costs about $7 in commission, while FxPro's spread cost is roughly $6-$12 depending on the account. For high-volume Japan traders, IC Markets is cheaper due to tighter spreads, but FxPro may be better for those who prefer no-commission trading.

Japan traders have access to a wide range of platforms at both brokers. IC Markets supports MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, offering advanced charting and automated trading via Expert Advisors (EAs). FxPro provides MT4, MT5, cTrader, and its proprietary FxPro Edge platform. For Japan traders who use EAs or scalping strategies, IC Markets is preferred due to its low latency and support for automated trading. FxPro's cTrader is also excellent for manual traders, but its MT4/MT5 execution is slightly slower.

IC Markets offers ultra-fast execution with an average speed of 40ms on its True ECN servers, ideal for scalpers and high-frequency traders in Japan. FxPro’s execution averages 60ms on MT4/MT5 and 50ms on cTrader. Both use No Dealing Desk (NDD) models, but IC Markets has lower latency for Japan-based traders due to its servers in Tokyo and Hong Kong. This makes IC Markets better for Japan traders who require minimal slippage.

Japan traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT. IC Markets requires a minimum deposit of $200 via Skrill, Neteller, or USDT, with instant processing and no fees. Bank Transfer may take 1-3 days. Withdrawals are processed within 24 hours for e-wallets and USDT, and 2-5 days for bank transfers. FxPro has a lower minimum deposit of $100 and supports the same methods. Skrill and Neteller deposits are instant, while USDT deposits are processed within minutes. Withdrawals at FxPro take 1-2 days for e-wallets and 3-5 days for bank transfers. Both brokers do not charge deposit fees, but FxPro may charge a withdrawal fee for certain methods.

Both IC Markets and FxPro offer Islamic (swap-free) accounts for Japan Muslim traders. IC Markets provides Islamic accounts on all account types (Standard, Raw Spread, and cTrader) with no swap fees on overnight positions. However, after 30 days, a small administrative fee may apply. FxPro offers Islamic accounts on MT4 and MT5 standard accounts, but not on cTrader. Swap-free status is available for an unlimited period, but FxPro may charge a one-time fee per lot for positions held longer than 10 days. Japan traders should check each broker's policy based on their trading style.

IC Markets offers 24/7 customer support via live chat, email, and phone, with Japanese language support available during business hours. FxPro provides 24/5 support via live chat, phone, and email, with Japanese-speaking agents. IC Markets’ 24/7 availability is a plus for Japan traders who trade during Asian hours. Response times are fast for both, but IC Markets edges ahead with round-the-clock assistance.