Quick Verdict — Uruguay 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 Uruguay Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:500
Max leverage
Head-to-head comparison
Uruguay traders seeking a reliable forex broker often compare IC Markets and FxPro, two globally recognized platforms. 8/5 rating, is known for its ultra-low spreads and fast execution, ideal for retail traders using USD. 1/5, offers a robust regulatory framework and user-friendly platforms. Both accept local payments like Bank Transfer, Skrill, Neteller, and USDT, making deposits straightforward for Uruguayans. 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.
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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 |
For Uruguay traders, trading costs are a key differentiator. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 commission per lot, while FxPro’s spreads average 0.5 pips on cTrader and 1.2 pips on MT4. On a standard $10,000 trade, IC Markets saves about $5-10 per lot compared to FxPro. High-volume traders benefit more from IC Markets’ cost structure, while FxPro’s no-commission accounts suit casual traders. Both brokers have no hidden fees for Uruguay-based accounts.
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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 - Uruguay Traders
| Entity / Asset | IC Markets | FxPro |
|---|
| Uruguay (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 Uruguay Traders
Traders in Uruguay 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 ultra-fast execution with an average latency of 40ms and no requotes, thanks to its Equinix NY4 data center. FxPro’s execution is reliable but slightly slower at 50-60ms, with occasional requotes during volatile markets. For Uruguay traders using USD pairs, IC Markets’ speed reduces slippage, especially during news events. FxPro’s execution is still competitive for most retail strategies.
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Regulation & Safety for Uruguay 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. , FSCS for
FxPro). Neither broker is regulated by Uruguay’s local financial regulator, but both comply with international standards.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Uruguay traders may differ by entity.
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Deposits & Withdrawals for Uruguay
| 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 |
Uruguay traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets supports instant e-wallet deposits with no fees, while bank transfers take 1-3 days. FxPro also processes Skrill and Neteller instantly, with USDT deposits available via its crypto option. Minimum deposits: IC Markets requires $100 (standard) or $0 (Raw Spread), FxPro $100. Withdrawals are processed within 24 hours for e-wallets at both brokers, but bank transfers may take 2-5 business days. No extra charges apply for Uruguay clients.
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Islamic Accounts - Swap-Free for Uruguay 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 Uruguay Muslim traders. IC Markets provides swap-free accounts on all account types (Standard, Raw Spread) upon request, with no swap fees on overnight positions. FxPro offers Islamic accounts on standard accounts only, with similar conditions. IC Markets’ broader availability gives it an edge, but both comply with Sharia principles. Traders should confirm eligibility with customer support before opening.
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 live chat, email, and phone support, with a dedicated Spanish-language team for Uruguay traders. FxPro provides 24/5 support via live chat, phone, and email, also in Spanish. IC Markets’ round-the-clock availability is beneficial for after-hours trading, while FxPro’s support is limited on weekends. Both respond within minutes via chat, but IC Markets edges ahead for accessibility.
| 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? - Uruguay Guide
Choose IC Markets if you...
- Want the lowest spreads and commissions for active trading
- Prefer cTrader for advanced charting and depth of market
- Need 24/7 customer support in Spanish
- Trade high volumes and require fast execution with no requotes
Choose FxPro if you...
- Value FCA regulation for added fund protection
- Prefer a user-friendly platform like FxPro Edge
- Have a smaller deposit (min $100) and want no-commission trading
- Want a broker with a longer track record since 2006
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FAQ - IC Markets vs FxPro in Uruguay
Is IC Markets or FxPro better for Uruguay?
+Can Uruguay traders use both brokers legally?
+Which broker has lower spreads for Uruguay traders?
+How do Uruguay traders deposit at IC Markets and FxPro?
+Do both brokers offer Islamic accounts for Uruguay?
+Final Verdict - Uruguay 2026
IC Markets wins overall
For Uruguay traders, IC Markets is the superior choice due to its lower costs, faster execution, and broader platform support. Its 4.8/5 rating reflects strong performance for retail traders using USD. FxPro remains a solid option for those prioritizing regulatory security and a lower minimum deposit. Both brokers accept Bank Transfer, Skrill, Neteller, and USDT, ensuring convenient local payments. While Uruguay’s local financial regulator does not oversee them, both adhere to international standards. Ultimately, IC Markets offers better value for active traders, while FxPro suits beginners or risk-averse users.
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.
