IC Markets Vs FxPro: Philippines Trader Guide 2026

When comparing trading costs for Philippines traders, IC Markets has a clear edge. Its Raw Spread account offers spreads from 0.0 pips with a $3.50 commission per lot, while the Standard account has spreads from 1.0 pips with no commission. For a typical Philippines trader trading 10 lots of EUR/USD per month, IC Markets costs around $35 in commissions, significantly lower than FxPro's Zero account, which has spreads from 0.6 pips with a $6 commission per lot. FxPro's Standard account has spreads from 1.2 pips with no commission, making it more expensive for high-volume traders. The cost difference is especially impactful for scalpers and day traders in the Philippines who rely on tight spreads to maximize profits.

IC Markets offers a broader range of platforms tailored to Philippines traders, including MetaTrader 4, MetaTrader 5, cTrader, and WebTrader. This variety supports different trading styles, from automated trading with Expert Advisors to manual trading with advanced charting. FxPro provides MetaTrader 4, MetaTrader 5, and its proprietary FxPro Edge platform, which is user-friendly but less customizable. For Philippines traders who value flexibility and speed, IC Markets' cTrader is a standout for its advanced order types and depth of market. Both brokers offer mobile apps for trading on the go, but IC Markets' platform selection is more comprehensive for serious retail traders.

Execution quality is a major differentiator for active traders. IC Markets uses Equinix NY4 data centers and offers raw spreads with execution speeds under 40 milliseconds, ideal for scalping and high-frequency trading. FxPro executes trades through its own liquidity pool, with speeds around 50-100 milliseconds. Both brokers offer No Dealing Desk (NDD) execution, but IC Markets' lower latency and tighter spreads provide a clear advantage for Philippines traders who prioritize speed and minimal slippage.

Regulation is a key consideration for Philippines traders. FxPro is regulated by top-tier authorities including the UK's FCA, Cyprus' CySEC, and South Africa's FSCA, providing a high level of client fund protection through segregation and compensation schemes. 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. While both brokers are not directly regulated by the Philippines' Securities and Exchange Commission, FxPro's multiple licenses offer an extra layer of security.

Both IC Markets and FxPro support the payment methods most commonly used by Philippines traders: Bank Transfer, Skrill, Neteller, and USDT. IC Markets processes Skrill and Neteller deposits instantly and charges no fees, while bank transfers take 1-3 business days and may incur intermediary fees. USDT deposits are available via third-party processors, with processing times of 1-24 hours. FxPro offers similar options, with minimum deposits of $100 for Skrill and Neteller, and $500 for bank transfers. Withdrawals are typically processed within 24 hours for e-wallets and 2-5 days for bank transfers. IC Markets has a slight edge with lower minimum deposits ($200) and faster USDT processing. Philippines traders should note that bank transfers may be subject to local bank fees.

For Muslim traders in the Philippines, both IC Markets and FxPro offer Islamic (swap-free) accounts that comply with Sharia law. These accounts do not charge or pay swap fees on positions held overnight, making them suitable for long-term traders. IC Markets provides Islamic accounts on all account types, while FxPro offers them on request. Traders must declare their Muslim faith during registration. Both brokers process Islamic accounts without additional fees, but IC Markets' lower spreads make it more cost-effective for active Islamic traders. It's important to note that some brokers may limit trading strategies on Islamic accounts, so review terms carefully.

Customer support is crucial for Philippines traders, especially when dealing with time zone differences. IC Markets offers 24/7 live chat, email, and phone support in English, with response times under 5 minutes for live chat. FxPro also provides 24/5 support via live chat, phone, and email, with slightly longer response times. IC Markets' 24/7 availability is an advantage for Philippines traders who trade during non-standard hours. Both brokers have comprehensive FAQ sections, but IC Markets' support is more responsive and multilingual.