BrokerTH
IC Markets and FxPro are two of the more widely used international forex brokers among Thai retail traders in 2026. They are not interchangeable. IC Markets is built for traders who know what they want and care about getting the lowest possible execution cost. FxPro is built for traders who want strong educational content, multi-platform support, and a polished overall experience. Knowing which description fits you is the decision.
What Each Broker Actually Is
IC Markets, based in Sydney, runs a True ECN/STP execution model. Orders go directly to liquidity providers with no dealing desk in between. The broker makes money on commissions, not by trading against you. It holds a 5/5 star rating on ForexBrokers.com and ranks #5 out of 63 brokers globally for commissions and fees. That ranking says what you need to know about where its competitive advantage is.
FxPro, headquartered in London with FCA and CySEC regulation, has built a broader product around educational resources, research tools, and multi-platform support. It holds a 4/5 star rating and ranks #29 out of 63 for fees — respectable, but clearly behind IC Markets on cost.
Spreads and Commissions
IC Markets’ Raw Spread account offers spreads from 0.0 pips on EUR/USD with a commission of $3.50 per side ($7 round turn) on MetaTrader. The Standard account (no commission) widens spreads to around 0.8–1.0 pips. For traders doing meaningful volume, the Raw account wins on cost if you can track commission separately.
FxPro on cTrader can offer tight spreads starting near 0.0 pips with commission. On MT4, EUR/USD spreads typically run 1.2–1.4 pips with no separate commission charge. For occasional traders, FxPro’s structure is simpler. For high-frequency traders, IC Markets’ raw costs are meaningfully lower.
Regulation and Fund Safety
IC Markets holds licences from ASIC (Australia) and CySEC (Cyprus). FxPro holds FCA (UK) and CySEC licences. Neither is regulated by the Bank of Thailand — but that is true of every major international forex broker used by Thai traders. Under Thai law, Thai residents can legally trade through international brokers. Client funds are held separately from company funds under both brokers’ EU and UK regulation.
Thai Language Support
Both brokers offer Thai-language websites and client portals. IC Markets provides Thai-language customer support during business hours. FxPro offers Thai-language support and accepts international bank transfer and credit/debit card deposits from Thai clients. Neither broker supports PromptPay directly, so funding typically requires an international wire transfer taking 1–3 business days.
Platforms and Tools
IC Markets supports MT4, MT5, and cTrader. The cTrader offering is particularly strong for algorithmic traders. FxPro supports MT4, MT5, cTrader, and its proprietary FxPro Edge platform. FxPro’s educational content and daily market commentary are noticeably stronger than IC Markets — webinars, structured learning paths, and trade analysis that IC Markets doesn’t prioritize.
What This Means for Thai Traders
Choose IC Markets if execution quality and cost are your priorities. If you’re doing more than 10 round-turn trades per week on standard forex pairs, the raw spread plus commission structure will save you money versus FxPro’s wider spreads on equivalent account types.
Choose FxPro if you’re building your trading knowledge, prefer a simpler cost structure, or value daily research and educational content. FxPro is easier for traders who are still developing their edge.
One thing both share: neither withholds Thai income tax on trading profits. Forex gains are assessable income under Section 40 of the Thai Revenue Code. Self-reporting to the กรมสรรพากร is your responsibility.
The Bottom Line
IC Markets wins on raw execution and cost. FxPro wins on the supporting ecosystem. Neither is a wrong choice for a Thai forex trader in 2026 — they serve different traders. The answer depends on which type you are, not which brand has the better marketing budget.
