IC Markets Vs FxPro For Malaysia Traders (2026)

For Malaysia traders, trading costs are a critical factor. IC Markets offers a Raw Spread account with spreads from 0.0 pips and a commission of $3.50 per lot per side, resulting in total costs of around $7 per round turn on EUR/USD. FxPro’s Standard account has spreads from 0.6 pips with no commission, making its cost about $6 per lot on EUR/USD, but IC Markets becomes cheaper for scalpers and high-volume traders. FxPro’s Raw account has spreads from 0.0 pips but a higher commission of $4.50 per lot. Overall, IC Markets is more cost-effective for active Malaysia traders, especially those trading multiple lots daily.

Both brokers offer MetaTrader 4 and MetaTrader 5, the most popular platforms among Malaysia traders. IC Markets also provides cTrader, which is favored for its advanced charting and order management, especially by scalpers. FxPro offers its proprietary FxPro Edge platform and cTrader as well. For Malaysia traders who value customization and speed, IC Markets’ cTrader integration is a strong advantage. FxPro’s platforms are solid but less flexible. Mobile trading apps from both brokers are well-rated on Malaysian app stores, but IC Markets’ mobile cTrader app is more feature-rich.

IC Markets is known for its superior execution speed, averaging under 40ms on its Raw Spread accounts, thanks to its Equinix NY4 data center and low-latency infrastructure. FxPro’s execution is also reliable, with speeds around 50-60ms, but not as fast as IC Markets. For Malaysia traders who scalp or use automated strategies, IC Markets’ faster execution reduces slippage and improves trade outcomes. Both brokers use No Dealing Desk (NDD) execution, but IC Markets’ technology edge is clear.

Malaysia traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and FxPro. IC Markets also supports local bank transfers in MYR through third-party payment providers, making it easier to deposit without currency conversion fees. Minimum deposits are $100 for IC Markets and $100 for FxPro. Withdrawals are processed quickly: e-wallets (Skrill, Neteller) take 1-2 business days, while bank transfers take 3-5 days. USDT deposits are processed within minutes at both brokers. IC Markets has a slight edge due to its local MYR transfer option, which reduces costs for Malaysia traders. No deposit fees are charged by either broker, but bank intermediary fees may apply.

Both IC Markets and FxPro offer Islamic (swap-free) accounts for Malaysia Muslim traders, in compliance with Sharia law. IC Markets provides swap-free accounts on all account types (Standard, Raw, cTrader) without any additional fees or time limits. FxPro offers Islamic accounts on its Standard and Raw accounts but may charge a small administrative fee after holding positions for a certain period. For Malaysia traders who require long-term swap-free trading, IC Markets is more accommodating. Both brokers require a declaration of faith or a request to activate the Islamic account.

IC Markets offers 24/7 customer support via live chat, email, and phone, with a dedicated team that responds quickly. FxPro provides 24/5 support during trading hours, with live chat and phone support in multiple languages. For Malaysia traders, IC Markets’ 24/7 availability is a major advantage, especially for overnight trading. Both brokers have English-speaking support, but IC Markets’ response times are generally faster.