Quick Verdict — Spain 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 Spain Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:500
Max leverage
Head-to-head comparison
For Spanish retail traders looking for a reliable forex broker in 2026, the choice often comes down to IC Markets vs FxPro. IC Markets holds a strong 4.8/5 rating, known for ultra-low spreads and high-speed execution, ideal for active traders. FxPro, with a 4.1/5 rating, offers a user-friendly experience and a wide range of platforms. Both brokers accept Spanish clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT. While neither is directly regulated by the CNMV, they operate under reputable European licenses, ensuring a secure trading environment. This comparison helps Spain traders decide based on cost, platforms, and local deposit options.
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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 raw spreads from 0.0 pips with a small commission, making it the cheaper option for high-volume Spanish traders. FxPro's spreads start around 0.6 pips on its cTrader platform, which is still competitive but higher for scalpers. For a 10-lot EUR/USD trade, IC Markets costs roughly $7 per round turn versus $12 at FxPro. Spain traders trading in USD benefit from IC Markets' lower cost structure, especially when using Bank Transfer or e-wallets for funding.
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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 - Spain Traders
| Entity / Asset | IC Markets | FxPro |
|---|
| Spain (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 Spain Traders
Traders in Spain 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 boasts an average execution speed of 40ms, ideal for scalpers and algorithmic traders. FxPro's execution is slightly slower at around 60ms but still reliable for most retail strategies. Both brokers use No Dealing Desk (NDD) models, ensuring no requotes. For Spanish traders trading volatile pairs, IC Markets offers a clear edge in speed and consistency.
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Regulation & Safety for Spain 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 is regulated by Spain's CNMV, but they comply with EU MiFID II standards, offering negative balance protection and client fund segregation. Spanish traders are protected under these frameworks, though leverage restrictions apply (max 1:30 for major pairs).
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Spain traders may differ by entity.
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Deposits & Withdrawals for Spain
| 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 |
Spanish traders can fund accounts at both IC Markets and FxPro using Bank Transfer, Skrill, Neteller, and USDT. IC Markets supports instant deposits via e-wallets and USDT, with withdrawals processed within 24 hours. FxPro also processes these methods quickly, with bank transfers taking 1-3 days. Minimum deposits are $100 for IC Markets and $100 for FxPro. Both brokers charge no fees for deposits, but Spanish traders should check for potential bank intermediary charges on wire transfers. USDT deposits are particularly convenient for crypto-friendly users.
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Islamic Accounts - Swap-Free for Spain 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 |
IC Markets offers swap-free Islamic accounts on all account types, with no additional fees or restrictions. FxPro also provides Islamic accounts but requires a formal request and approval, and may apply a small administrative fee after a holding period. Spanish Muslim traders should contact support to confirm terms. Both brokers allow easy conversion from standard accounts to Islamic ones, ensuring compliance with Sharia law.
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 multilingual support via live chat, email, and phone, with Spanish-speaking agents available. FxPro also provides 24/5 support with live chat and phone, but Spanish language support is more limited during off-hours. For Spain traders needing quick help with USDT deposits or platform issues, IC Markets' round-the-clock service is an advantage.
| 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? - Spain Guide
Choose IC Markets if you...
- Are a high-volume or scalping trader needing ultra-low spreads
- Prefer multiple platform options like cTrader and MT5
- Want 24/7 customer support with Spanish language
- Use USDT or e-wallets for fast deposits and withdrawals
Choose FxPro if you...
- Are a beginner looking for a user-friendly proprietary platform
- Prefer a lower minimum deposit of $100
- Value strong regulatory oversight from multiple authorities
- Want a broker with a long-established reputation since 2006
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FAQ - IC Markets vs FxPro in Spain
Is IC Markets or FxPro better for Spain?
+Can Spain traders use both brokers legally?
+Which broker has lower spreads for Spain traders?
+How do Spain traders deposit at IC Markets and FxPro?
+Do both brokers offer Islamic accounts for Spain?
+Final Verdict - Spain 2026
IC Markets wins overall
For Spanish retail traders in 2026, IC Markets is the superior choice with its 4.8/5 rating, lower spreads, and faster execution, making it ideal for active traders using Bank Transfer, Skrill, Neteller, or USDT. FxPro, rated 4.1/5, is a solid alternative for beginners or those who prefer a simpler platform. Both brokers are legally available to Spain traders and offer Islamic accounts. If cost and speed are priorities, IC Markets wins; if ease-of-use and lower entry barriers matter, FxPro is a good option. Consider your trading style and deposit preferences before deciding.
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.
