IC Markets review is a top choice for automated traders. IC Markets is one of the largest CFD providers globally. IC Markets Global’s mission is to create the best trading experience for retail and institutional clients.
- Louis Schoeman
Updated : May 22, 2025
Jump to:
Overall Rating
- 4.9/5
Min Deposit
USD 200/11,766 PHP
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MT4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Forex, also known as foreign exchange trading, plays a vital role in the Philippines’ economy by facilitating international trade and investment.
A well-known forex broker, IC Markets provides Filipino traders various financial instruments, such as currency pairs, commodities, and indices. This connection allows Filipino investors to access global financial markets from the comfort of their own home country.
With a solid track record since 2007, beginning in Sydney, Australia, they have earned a stellar reputation among traders worldwide.
When exploring different platforms, we were drawn to the competitive raw spread provided by IC Markets. This spread could potentially reduce Filipino traders’ trading expenses.
One major benefit of IC Markets is its ability to manage high transaction volumes efficiently. Traders in the Philippines have various helpful tools, including the widely utilized MetaTrader 4 and MetaTrader 5, along with several other platforms.
IC Markets provides a straightforward pricing structure and transparent fees, ensuring competitive spreads on major currency pairs starting from 0.0 pips.
IC Markets is dedicated to providing exceptional customer service and support. With their team’s extensive experience in the forex industry, they have a deep understanding of traders’ wants and needs.
While our research could not find specific details about tailored options for Filipino traders, it is worth noting that their multilingual support is a valuable feature.
Rest assured that the IC Markets team is available 24/7 to provide you with the support you need for confident trading.
Being situated on the Pacific Ring of Fire makes the Philippines vulnerable to natural disasters like typhoons and earthquakes. Yet, the country has shown remarkable resilience in the face of these threats.
Its diverse economy, abundant natural resources, and promising future make it an attractive destination for foreign exchange market investors worldwide.
IC Markets may suit your trading requirements if you value competitive pricing and a wide range of platform options.
Is there a local office or representative in the Philippines?
No, IC Markets does not have a local office in the Philippines.
Is IC Markets a good broker?
IC Markets is a good broker for investors who want to run automated trading strategies on MetaTrader and cTrader platforms. IC Markets provides social copy trading platforms and a growing selection of research and educational materials and offers competitive pricing.
At a Glance
| 🔢 Established Year | 2007 |
| ⌛Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣Ease of Use Rating | 5/5 |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade, TradingView |
| 🗂️Account Types | cTrader, Raw Spread, Standard |
| 💵Base Currencies | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD |
| ✏️Spreads | From 0.0 pips EUR/USD (Raw Spread Account) |
| ⬆️Leverage | 1:500 |
| ➡️Currency Pairs | 61 |
| 💴Minimum Deposit | 11,766 PHP ($200) |
| 💷Inactivity Fee | None |
| 🗣️Website Languages | English, Spanish, Russian, Thai, Malay, Vietnamese, Italian, Portuguese, and several others |
| 💶Fees and Commissions | Spreads from 0.0 pips, commissions from $3.5 |
| 🤝Affiliate Program | ✅ Yes |
| ❌Banned Countries | United States, Canada, Iran, Yemen, and OFAC countries |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, Futures |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in the Philippines
Bangko Sentral NG Pilipinas, or BSP, does not regulate IC Markets. However, IC Market’s global regulations are listed in the table below.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢 Registration Number | ⌛Regulatory Entity | 📊Tier | ✏️License Number/Ref |
| 🥇Raw Trading Ltd | Seychelles | N/A | FSA | 3 | SD018 |
| 🥈International Capital Markets Pty Ltd. | Australia | CAN 123 289 109 | ASIC | 1 | AFSL 335692 |
| 🥉IC Markets EU Ltd | Cyprus | N/A | CySEC | 2 | 362/18 |
| 🏆IC Markets Ltd | Bahamas | 76823 C | SCB | 3 | SIA-F214 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | No, in-house insurance |
| 💵Compensation Amount | $1 million |
| 🎓SSL Certificate | None |
| 2️⃣2FA (Where Applicable) | None |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes |
| 🛑 Guaranteed Stop-Loss Orders | None |
Is the Filipino trader’s money safe with IC Markets?
IC Markets is authorized and regulated by the Financial Services Authority of Seychelles (FSA), ASIC in Australia, CySEC in Cyprus, and SCB in the Bahamas.
Does IC Markets offer negative balance protection for Filipino traders?
Yes, IC Markets offers negative balance protection to ensure traders never risk losing more than their initial investment.
Awards and Recognition
In our research of IC Markets, we only found mention of two recent awards that the broker has won:
✅In 2023, it won the “IC Your Trade (ICYT) podcast” by Branded Business Show and Advertising, Signal Awards.
✅Also, in 2023, it won the “Best Customer Service” by FxScouts.
Account Types
| 🔍Account Types | 💴Minimum Deposit | 🚀Open an Account | ⬆️Leverage | 📊Platforms |
| 🥇cTrader | 11,766 PHP ($200) | 👉 Click Here | 1:1000 | cTrader, TradingView |
| 🥈Raw Spread | 11,766 PHP ($200) | 👉 Click Here | 1:1000 | MetaTrader 4, MetaTrader 5 |
| 🥉Standard | 11,766 PHP ($200) | 👉 Click Here | 1:1000 | MetaTrader 4, MetaTrader 5 |
Demo Account
IC Markets offers a demo account that traders from the Philippines can take advantage of. Traders can utilize this trial account to gain familiarity with trading and experiment with their strategies without putting real money at risk. It functions similarly to a practice account, allowing for a safe and controlled environment.
This account mimics real-life market trading with virtual money provided by the broker, typically up to $100,000. It provides ample opportunity to experiment and hone your trading skills. The account remains active for 30 days.
Standard Account
The Standard Account is beneficial for novice and more casual traders. Its minimum deposit requirement is 11,766 PHP ($200), the same as the other two live account types.
Traders can utilize leverage of up to 1:000 and position sizes ranging from 0.01 lots to 200 lots.
Trading is offered on the MetaTrader 4 and 5 platforms, with spreads that start at 0.8 pip. This account has no commission charges so traders from the Philippines can focus on spreads.
Raw Spread Account
IC Markets’ Raw Spread account provides competitive spreads that are the lowest in the market. The average spread for EUR/USD is just 0.1 pips, and a small commission of $3.50 per lot on each side is charged.
The Raw Spread account is designed for Filipino day traders, scalpers, and expert advisors. It requires a minimum deposit of 11,766 PHP ($200).
It offers an aggregated pricing source from up to 25 institutional-grade sources. The IC Markets MetaTrader 4 and 5 platforms are the recommended trading platforms highly favored worldwide.
cTrader Account
If you’re looking for cutting-edge tools to elevate your trading experience, the cTrader Account might be just what you need. This account type is ideal for Filipinos in day trading and scalping.
This account is perfect for traders of all levels and can be accessed on the cTrader and TradingView platforms. These platforms are highly regarded for their intuitive interface and advanced charting capabilities.
The minimum deposit requirement to open this account is also 11,766 PHP ($200). Convenient and versatile, this platform accommodates a wide range of lots, from 0.01 to 2,000. The commission fee is a fair $3 per side ($6 for each round turn), offering leverage of up to 1:1000.
Islamic Account
Since Islam is the second largest religion in the Philippines, IC Markets allows Filipino traders who adhere to Islamic financial principles, which prohibit dealing with interest, to open an Islamic Account.
The Islamic account does not have overnight interest or payment obligations. You can access your Islamic Account through various platforms, such as cTrader, MetaTrader4, or MetaTrader 5.
Opening an Islamic bank account is straightforward. You will need to go through the standard registration process for any of the three live accounts, and you will also need to provide proof of your religion.
Once approved, your trading circumstances will be the same as those of other accounts, except for the swap expenses. This is an excellent choice for devout Muslims who wish to trade in the Philippines without any concerns about their faith conflicting with their trading activities.
What are the commission charges on the cTrader Account?
The commission charges are $3 per side ($6 for each round turn).
What is the minimum amount Filipinos need to open a trading account?
Clients in the Philippines can open an account with as little as 11,766 PHP ($200) on any of the account types.
How to Open an Account Step-by-Step
Clients from the Philippines can follow the easy steps below to register for an account with IC Markets:
Step 1: Go to the official website and click on “Start Trading” in the top right corner
Step 2: Complete the online registration form
Step 3: Wait for verification from IC Markets
IC Markets will email you a verification link. Click the link to verify your email address and activate your account.
Next, you must upload the necessary documents to verify your identity and proof of residence. Filipino traders must supply their PhilSys ID, the Philippine Identification Card (PhilID), and proof of residence.
In addition, you’ll have to answer several questions about your financial background, trading experience, and knowledge.
Can I have multiple trading accounts with IC Markets?
Yes, IC Markets allows you to open multiple trading accounts.
How do Filipinos open a live trading account with IC Markets?
Click the “Open a Live Account” link on the broker’s homepage and complete your online application form.
Overall Rating
- 4.9/5
Min Deposit
USD 200/11,766 PHP
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MT4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
IC Markets offers Filipino traders the following Trading Platforms:
➡️TradingView
➡️cTrader
➡️MetaTrader 4
➡️MetaTrader 5
➡️IC Social
➡️Signal Start
➡️ZuluTrade
➡️Web API
TradingView
TradingView is a popular charting platform used by more than 50 million traders worldwide. TradingView and IC Markets have partnered to provide Filipino traders with a powerful charting platform and exceptional trading features.
TradingView stands out as the perfect tool for analyzing local markets, thanks to its exceptional charting capabilities and community insights. We used the platform’s wide range of indicators and real-time data for a comprehensive technical analysis.
The supportive atmosphere of TradingView encourages a community of knowledge sharing and growth, which Filipino traders highly appreciate.
cTrader
cTrader is ideal for high-frequency and scalping trading strategies due to its level II pricing and lightning-fast execution speeds. Traders in the Philippines will appreciate the cTrader platform for its user-friendly interface and powerful trading tools.
The platform’s robust back-testing environment enabled traders to enhance their strategies by analyzing historical data from the Filipino market.
The cTrader platform seamlessly integrates the lightning-fast performance of a high-performing trading platform with the extensive liquidity offered by IC Markets, delivering an unparalleled trading solution for its clients.
With the advanced technology, you can elevate your trading experience to new heights.
Traders in the Philippines who are tech-savvy and eager to explore advanced strategies have found it effortless to create and utilize their own automated trading algorithms using cTrader’s integrated cAlgo function.
MetaTrader 4
Many traders in the Philippines are using MT4. Its strong features and user-friendly layout are its strongest points and one of the reasons why it is preferred by many traders globally.
It is user-friendly, and Filipino traders can easily understand the complex market data. This makes it a crucial tool for traders who value efficiency and accuracy.
Traders who engage in high-frequency trading find that MT4 satisfies their needs. The platform’s customizable indicators and expert advisors help them craft trading strategies that complement the ever-changing nature of forex and other local indices.
MetaTrader 5
Filipino traders can use MT5-enhanced features to take their trading to the next level. The built-in economic calendar and DOM capabilities allow traders to monitor the local economic indicators that impact the Filipino market in real time.
The ability to trade in many asset classes, such as commodities, bitcoin, and forex, would benefit anyone seeking to diversify their assets. The strong order management technology in MT5 is vital because it allows Filipino traders to use complex hedging and arbitrage strategies.
IC Social
According to our findings, IC Social’s community-driven platform promotes trading cooperation by giving users real-time trade alerts and a space to exchange trading tactics.
On this social trading platform, Filipino traders may connect, share, and learn from each other’s trading strategies.
Due to the platform’s integration with IC Markets, members can easily transact with one another. Filipino traders can benefit from studying the strategies and tactics used by successful traders worldwide.
The friendliness and helpfulness of Filipino traders mesh well with IC Social’s mission to foster community engagement and connection.
Signal Start
Signal Start’s signal copying platform is a unique opportunity for traders in the Philippines. The platform enables you to seamlessly replicate trades from highly skilled signal providers in minutes.
As a result of Signal Start’s partnership with IC Markets, we discovered that traders may now follow and replicate successful trading strategies from a global pool of signal providers.
If you’re a Filipino trader looking to diversify your approaches but are short on time, this tool is for you. The platform’s transparent presentation of signal providers’ performance indicators facilitates informed decision-making.
Additionally, setting risk parameters is suitable for risk-averse Filipino investors.
ZuluTrade
With ZuluTrade’s social trading platform and IC Markets integration, Filipino traders can watch and mimic the moves of seasoned traders worldwide.
Traders from the Philippines may rest easy when using ZuluTrade because the platform’s advanced risk management tools allow them to limit their exposure and trade sizes.
ZuluTrade has a user-friendly interface and extensive performance stats for signal providers. These features make it easier to choose and follow the best.
This product will greatly benefit traders seeking access to foreign trading strategies while effectively controlling risk.
Web API
Our research indicated that IC Markets does not offer Web API. However, it only offers FIX API on the cTrader platform.
FIX is an acronym for Financial Information Exchange. This industry-driven machine-to-machine communication protocol has been specifically designed to efficiently handle large volumes of financial information and transmit it with maximum speed.
The FIX Protocol Specification outlines the structure of electronic messages and the communication model used for transmitting them.
Institutional traders widely use FIX API to automate multiple processes and improve trading performance by being able to receive data and submit orders in minimal time. For individual traders, it brings a new investment opportunity.
How can I improve the time for my orders to be executed?
You can try hosting your trading platform on a virtual private server (VPS) to improve the time needed for order execution. VPS can significantly improve order execution times as they are usually located in the data center, which has fast and reliable internet connectivity.
Can I use my trading account on all platforms?
A trading account is connected to a trading platform. For example, viewing your MetaTrader 4 trading account on cTrader is impossible. For each trading platform that you use, you will need to create a new trading account specifically for that platform.
Range of Markets
IC Markets allows traders from the Philippines to trade in more than 2,250 instruments. Check out the table below to learn more about IC Markets’ instruments and leverage options.
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Max Leverage Offered |
| ➡️Forex | 61 | 1:1000 |
| ➡️Commodities | 20 | 1:1000 |
| ➡️Indices | 25 | 1:200 |
| ➡️Stocks | 2,100 | 1:20 |
| ➡️Cryptocurrency | 21 | 1:5 on cTrader and TradingView 1:200 on MetaTrader 4 and 5 |
| ➡️Futures | 4 | 1:200 |
| ➡️Bonds | 9 | 1:200 |
IC Markets Trading Hours
IC Markets offers 24/7 trading, a huge benefit for traders in the Philippines. It offers access to a wide range of market instruments with different trading hours, which is especially beneficial for day traders.
| ➡️Asset Class | Trading Hours (UTC+8) |
| ➡️Forex | 24 hours a day, 7 days a week |
| ➡️Commodities | Varies depending on the specific instrument |
| ➡️Indices | Varies depending on the specific instrument |
| ➡️Stocks | Varies depending on the specific instrument |
| ➡️Cryptocurrency | 24 hours a day, 7 days a week |
| ➡️Futures | Varies depending on the specific instrument, 5 days a week |
| ➡️Bonds | Varies depending on the specific instrument, 5 days a week |
IC Markets Philippines Stock, Forex, Commodities, and Index CFDs Availability
| ➡️Can I trade Apex Mining Co., Inc. (APX) with IC Markets? | No |
| ➡️Can I trade Nihaoa Mineral Resources International, Inc. (NIKL) with IC Markets? | No |
| ➡️Can I trade Citicore Renewable Energy Corp. (CREC) with IC Markets? | No |
| ➡️Can I trade Bank of the Philippine Islands (BPI) with IC Markets? | No |
| ➡️Can I trade Integrated Micro-Electronics, Inc. (IMI) with IC Markets? | No |
| ➡️Can I trade 8990 Holdings, Inc. (8990P) with IC Markets? | No |
| ➡️Can I trade Cebu Air, Inc. (CEB) with IC Markets? | No |
| ➡️Can I trade Axelum Resources Corp. (AXLM) with IC Markets? | No |
| ➡️Can I trade Coconut Oil with IC Markets? | No |
| ➡️Can I trade rice with IC Markets? | No |
What are the top commodities in the Philippines?
The Philippines has a high level of specialization in Nickel Ore (59), Coconut Oil (48.4), Bananas (22.4), Recovered Paper Pulp (15.2), and Photocopiers (12.6).
Are scalping and hedging allowed with IC Markets in the Philippines?
Yes, IC Markets allow Filipino traders to use both hedging and scalping strategies.
IC Markets vs Exness vs BlackBull Markets – Broker Comparison
| 🔍Broker | 🥇IC Markets | 🥈Exness | 🥉BlackBull Markets |
| ⌛Regulation | ASIC, CySEC, FSA, SCB | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | FSA, FMA |
| 📊Trading Platform | MetaTrader 5 cTrader TradingView MetaTrader 4 | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | TradingView cTrader MetaTrader 4 MetaTrader 5 WebTrader BlackBull CopyTrader BlackBull Invest ZuluTrade Myfxbook |
| 💷Withdrawal Fee | None | None | None |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 11,766 PHP ($200) | 580 PHP ($10) | 0 PHP ($0) |
| ⬆️Leverage | 1:1000 | Unlimited | 1:500 |
| ✏️Spread | From 0.0 pips | Variable, from 0.0 pips | From 0.1 pips |
| 💶Commissions | From $3 to $3.5 | From $0.1 per side, per lot | From $6 per lot |
| 🛑 Margin Call/Stop-Out | 100%/50% | 60%/0% | 75%/50% |
| 🧑⚖️Order Execution | Market | Market | Market, Instant |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | None | ✅ Yes | None |
| 🗂️Account Types | cTrader Account Raw Spread Account Standard Account | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account Social Standard Account Social Pro Account | ECN Standard ECN Prime ECN Institutional |
| 👉Philippines BSP Regulation | None | None | None |
| 💴PHP Deposits | None | None | None |
| 🗂️PHP Account | None | ✅ Yes | None |
| ⏰Customer Service Hours | 24/7 | 24/7 | 24/7 |
| ➡️Retail Investor Accounts | 3 | 7 | 3 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | Unlimited | Unlimited | 100 lots |
| ⏰Minimum Withdrawal Time | Instant | 24 hours | Instant |
| ⏱️Maximum Estimated Withdrawal Time | Up to 14 business days | 3 days | 3 days |
| ✔️Instant Deposits and Instant Withdrawals? | ✅ Yes, on PayPal, Neteller, and Skrill | None | ✅ Yes, both |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in the Philippines
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Fees, Spreads and Commissions
Spreads
Through our research of IC Markets, we have evaluated the spreads offered and concluded that traders in the Philippines can benefit from the spreads charged by IC Markets.
The Raw Spread account offers spreads starting from 0.0 pips, which is excellent for high-frequency traders and scalpers looking to minimize costs. The cTrader account offers highly competitive features, including low spreads of 0.0 pips and affordable commissions.
The standard account has a slightly wider spread of 1 pip for EUR/USD. Small spreads are crucial for Filipino traders navigating the unpredictable forex market.
Commissions
Traders from the Philippines will find the commission rates offered by IC Markets very competitive. The Standard account does not have a commission fee. The cTrader and Raw Spread accounts have a commission fee of $3.00 and $3.50, respectively.
Overnight Fees
The calculation of overnight fees depends on the instrument type, the position size, and the trade direction. Market interest rates are displayed on the trading platform, providing precise swap rates.
Traders in the Philippines who are conscious of their expenses may find it beneficial to explore trading assets with lower swap fees or consider trading during periods when overnight holdings are not required.
A further benefit for Filipino traders who follow Islamic principles is to ensure compliance with Sharia law by utilizing IC Markets’ swap-free Islamic account. This account offers a swap-free experience while still providing access to the currency market.
Deposit and Withdrawal Fees
Bank transfers, credit and debit cards, and electronic wallets like Skrill and PayPal are just a few ways Filipino traders can fund their IC Markets accounts.
IC Markets Global does not charge extra fees for deposits or withdrawals. However, fees, including intermediary fees, may be associated with payments to and from certain international banking institutions.
Inactivity Fees
IC Markets does not charge any inactivity fees. Filipino traders will find this strategy especially useful when waiting for the market to turn in their favor before getting back into trading.
Currency Conversion Fees
IC Markets impose currency conversion fees because PHP deposits, withdrawals, and accounts are not supported. Investors from the Philippines who use the Philippines peso (PHP) for deposits and withdrawals and deal in many assets denominated in USD or EUR may find this a disadvantage.
If I stop trading for some time, will I be charged an inactivity fee?
No, you will not be charged any account inactivity fees.
Where can Filipino traders find the swap rates charged by IC Markets?
The information can be found on the broker’s webpage. Filipino traders can also find it within the MetaTrader 4 platform. Simply navigate to Market Watch, right-click on an instrument, and select ‘Specifications.’ A new window will open, and the swap rates will be displayed.
Overall Rating
- 4.9/5
Min Deposit
USD 200/11,766 PHP
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MT4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal Options
| 💳Payment Method | 🌎Country | 💵Currencies Accepted | ⏰Processing Time |
| ➡️Credit Card | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | Instant – 5 days |
| ➡️Debit Card | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant – 5 days |
| ➡️PayPal | All | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant |
| ➡️Neteller | All | AUD, GBP, EUR, CAD, SGD, JPY | Instant |
| ➡️Neteller VIP | All | AUD, GBP, EUR, CAD, SGD, JPY | Instant |
| ➡️Skrill | All | AUD, USD, JPY, EUR, SGD, GBP | Instant |
| ➡️UnionPay | China | RMB | Instant |
| ➡️Bank Wire Transfer | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | 2 – 5 days |
| ➡️Bpay | Australia | AUD | 12 – 48 hours |
| ➡️FasaPay | All | USD | Instant – 5 days |
| ➡️Broker to Broker | All | AUD, USD, JPY, EUR, NZD, SGD, GPB, CAD, CHF, HKD | 2 – 5 days |
| ➡️POLi | Australia | AUD | Instant |
| ➡️Thai Internet Banking | Thailand | USD | 15- 30 minutes |
| ➡️Vietnamese Internet Banking | Vietnam | USD | Instant |
| ➡️Rapidpay | All | EUR, GBP | Instant – 2 days |
| ➡️Klarna | All | EUR, GBP | Instant – 2 days |
Deposits
Bank Wire
✅Log into your IC Markets trading account and navigate to the “Deposit” section.
✅Click on “Bank Wire Transfer.”
✅Choose the preferred currency and enter the deposit amount.
✅Follow the instructions.
✅Transfer funds from your bank to the IC Markets bank account.
✅Save the transfer receipt.
✅The deposit will be in your account between 2 to 14 days.
Credit or Debit Card
✅Log into your IC Markets trading account and navigate to the “Deposit” section.
✅Click on “Credit/Debit Card.”
✅Choose the preferred currency and enter the deposit amount.
✅Enter your required card information, including the card number, expiry date, and CVV.
✅Confirm the transaction.
✅Your deposit will be processed immediately.
Cryptocurrency
✅Log into your IC Markets trading account and navigate to the “Deposit” section.
✅Click on “Cryptocurrency.”
✅Choose the type of cryptocurrency you want to deposit.
✅Enter the amount and wallet address provided by IC Markets.
✅Make the transfer from your wallet to the IC Markets wallet address.
✅Once the blockchain transaction has been validated, the funds will be reflected in the trading account.
e-Wallets or Payment Gateways
✅Log into your IC Markets trading account and navigate to the “Deposit” section.
✅Click on the e-wallet you want to use.
✅Choose the preferred currency and enter the deposit amount.
✅Log in to your e-wallet account and confirm the transaction.
✅The funds will be credited to your trading account instantly.
Withdrawals
Bank Wire
✅Log into your IC Markets trading account and navigate to the “Withdraw” section.
✅Click on “Bank Wire Transfer.”
✅Choose the preferred currency and enter the withdrawal amount.
✅Provide your bank account information.
✅Confirm the withdrawal request.
✅The funds will be credited to your bank account between two to fourteen days.
Credit or Debit Cards
✅Log into your IC Markets trading account and navigate to the “Withdraw” section.
✅Click “Credit/Debit Card.”
✅Choose your preferred currency and enter the withdrawal amount.
✅Provide your card information.
✅Confirm the withdrawal request.
✅The money will be credited to your card within 2 to 5 days.
Cryptocurrency
✅Log into your IC Markets trading account and navigate to the “Withdraw” section.
✅Click on “Cryptocurrency.”
✅Choose the type of cryptocurrency to withdraw.
✅Provide the amount and your cryptocurrency wallet address.
✅Confirm the withdrawal request.
✅The funds will be transferred to your wallet after the transaction is validated on the blockchain.
e-Wallets or Payment Gateways
✅Log into your IC Markets trading account and navigate to the “Withdraw” section.
✅Click on your preferred e-wallet payment method.
✅Select your preferred currency for withdrawal and enter the withdrawal amount.
✅Log in to your e-wallet account and confirm the withdrawal request.
✅The funds will instantly be credited to your e-wallet account.
Does IC Markets accept Third Party Payments?
No, IC Markets Global does not accept payments from third parties. All deposits into your trading account must come from a bank account in your name.
How do Filipino traders convert an account to swap-free?
If you’re a trader from the Philippines and follow the Islamic faith, you can only apply for an Islamic account during registration.
If you have not selected the Islamic account option and wish your account to be converted to swap-free, please send an email to [email protected] for more details.
Leverage and Margin
Traders from the Philippines who choose to open an account with IC Markets can access leverage of up to 1:1000. With a minimum deposit of 11,766 PHP ($200), you can gain control of substantial assets through leverage.
Traders must maintain a minimum margin of 0.2% of the trading value on IC Markets, as per our assessment of their documents and website.
Ensuring that traders have sufficient funds to cover potential losses is crucial. While it is true that traders can potentially increase their profits in volatile markets by using high leverage, it is important to remember that this approach also comes with a higher risk of significant losses. It is crucial to manage risks effectively.
Educational Resources
IC Markets offers Filipino Traders the following Educational Resources:
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | ✅ Yes |
| ➡️Trading View | None |
| ➡️Trading Central | ✅ Yes |
| ➡️Market Analysis | ✅ Yes |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | ✅ Yes |
| ➡️eBooks | ✅ Yes |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | None |
| ➡️Live Support | ✅ Yes |
In addition to these resources, IC Markets also provides the following to Filipino traders:
➡️Trading Knowledge
➡️F&Q’s
➡️Forex Glossary
➡️Web TV
➡️“Protecting Your Account”
➡️IC Markets Help Centre
➡️IC Markets Global Blog
➡️TeamViewer
➡️Forex Calculators
➡️Podcasts
Trading Reports
The Philippines’ strategic connections and membership in the Association of Southeast Asian Nations (ASEAN) make it more appealing to foreign companies, like IC Markets and other forex brokers, because of its stable economy.
IC Markets offers daily reports on the world’s economy and thoroughly examines the market trends important to Filipino traders.
Trading Calculators
IC Markets offers Filipino traders an “All in One Calculator,” which will allow them to calculate pips, cTrader commission, margin, swaps, profits, and convert currencies. This will be extremely beneficial to Filipino traders starting their forex trading journey.
It provides them with a clear understanding of the financial consequences of their trades and enables them to manage their risk effectively. This is particularly important in a country experiencing a growing interest in online trading.
Seminars
Although IC Markets offers intensive educational resources to assist traders in the Philippines, we could find no indications of any seminars held by the broker.
This would be a huge advantage in the Philippines, which is increasingly involved in Forex trading.
Are there any platform tutorials available at IC Markets for Filipino traders?
Yes, IC Markets offers thorough platform education for MetaTrader 4, MetaTrader 5, and CTrader.
Does IC Markets offer VPS services?
Yes, it does. However, it is not a free service.
Bonuses and Promotions
Our research into IC Markets for the Philippines indicated that the broker offers no bonuses or promotions to new or loyal clients, and there was no indication of a ‘refer a friend’ bonus.
IC Markets Rebates for Clients
IC Markets rebates are a portion of the transaction cost returned to the client with each trade, leading to a reduced spread and a greater win ratio.
IC Markets offers a rebate program for Filipino clients, allowing them to receive a percentage of their trading profits.
IC Markets provides cashback Forex Rebates on the Standard, Raw Spread, and cTrader Raw accounts, allowing you to earn up to 21.5% of commissions paid. Translates to $0.60 per 100K USD Traded or 0.3 pips.
In the present vibrant state of the Philippines’ economy, with its rapid urbanization, growing middle class, and youthful demographic, these rebates can be a huge bonus to Filipino traders.
This cashback offer provides a straightforward way to boost revenue, making it attractive to traders, businesses of all sizes, and affiliates seeking additional financial advantages.
Affiliate Programs
Features
With IC Markets, Filipino traders can benefit through the Partner Program to grow their business. Here’s a breakdown of the benefits of joining the affiliate program.
Joining is accessible to everyone, regardless of prior experience in affiliate marketing, and comprehensive guidance on customer referrals is provided.
There are no upfront costs involved, making it easy to get started. Affiliates receive unique referral links and marketing materials to attract clients effectively.
Affiliates can earn up to 0.4 pip per regular lot, daily commissions, and additional rebates, maximizing their earnings. To cater to the fast-paced Filipino market, London and New York servers ensure lightning-fast execution.
A comprehensive dashboard supported by advanced performance tracking tools offers real-time monitoring of referral commissions. Referred clients enjoy enhanced trading experiences across multiple platforms, with fast execution and competitive spreads.
Affiliates in the Philippines can generate a steady income from new clients by selecting from various commission-paying trading accounts. Higher earnings are possible as affiliates refer more traders, and attractive payouts are based on trading volume.
Filipino affiliates benefit from 24/7 multilingual support, ensuring assistance is available whenever needed.
How to Register an Affiliate Account Step-by-Step
To register an affiliate account and start promoting IC Markets, Filipinos can follow these easy steps:
Step 1: Go to the official website and click on the “Partners” icon in the top left corner
Step 2: Click on “Join Now.”
Step 3: Complete the online registration form
Step 4: Wait for approval from IC Markets
As soon as your application is approved, IC Markets will email you directions on accessing your affiliate account.
What partnership programs does IC Markets Global offer Filipino traders?
IC Markets offers a variety of partnership programs, including, Introducing Brokers, Affiliates, etc. Detailed information can be found in the partnerships section on the broker’s website.
Is there a setup charge for joining the IC Markets affiliate program?
No, no fees are charged to join the IC Markets affiliate program.
Customer Support
| 🫴🏻 Customer Support | 👥IC Markets Customer Support |
| ⏰Operating Hours | 24/7 |
| ➡️Support Languages | Portuguese, English, Vietnamese, Chinese |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | ✅ Yes |
| 4️⃣The overall quality of IC Markets Support | 4.3/5 |
Response Time
| 🫴🏻 Support Channel | ⏰Average Response Time | ⏱️User-based Response Time |
| ☎️Phone | 5 minutes | 2 minutes |
| 24 hours | Same-day | |
| 🗣️Live Chat | 5 minutes | 4 minutes |
| 📱Social Media | 5 minutes | 2 – 3 minutes |
| 🤝Affiliate | 24 hours | Same-day |
How long does it take to approve an account application?
Account verification usually takes a few minutes but can sometimes take a couple of hours.
Are my personal details, as well as card information, safe?
Yes, IC Markets takes the privacy of its customers extremely seriously, and policies and procedures are in place to safeguard the information it requests.
Current Partnerships
Through the years, IC Markets has been involved in various sponsorships. It has sponsored the historic ITTF World Table Tennis Championships and the Rugby World Cup Sevens.
The most recent one mentioned on the website is “Participating Sponsor” of the Qatar Economic Forum 2025, which took place in Doha from May 14th to May 16th, 2025. QEF is the preeminent advocate for global business and investment discourse in the Middle East.
Social Responsibility
In our research on IC Markets and, more specifically, the broker’s involvement in Corporate Social Responsibility (CSR), we found no mention of this on the broker’s website.
Despite the lack of details regarding CSR programs, we can only assume that the broker values supporting local communities and preserving the environment.
IC Markets should consider implementing social responsibility initiatives in the Philippines to serve the community better and stay true to their company principles. Drawing on the above information, some recommendations are:
To aid Filipino students, IC Markets may launch a scholarship assistance program. This program might pay for various necessities, including books, tuition, living expenses, and allowances.
IC Markets would empower youth and foster future leaders’ growth in the financial sector and beyond by making educational investments.
IC Markets may also significantly contribute by collaborating on or endorsing programs akin to the DBP Forest Program. This might entail non-credit initiatives aimed at halting deforestation and replenishing the forest cover in the Philippines.
By working with local communities, universities, NGOs, and government agencies, IC Markets could contribute to environmental preservation, reduce the consequences of climate change, and encourage sustainable habits.
IC Markets ought to contemplate augmenting community development via outreach campaigns and programs. They could work with NGOs, organizations, and local government units (LGUs) to fund initiatives that improve the provision of fundamental social services to disadvantaged populations.
IC Markets may inspire the Philippines to become a progressive nation devoid of poverty. Promoting programs that put the welfare of impoverished Filipinos first will allow IC Markets to show that it is committed to social responsibility and long-term growth in the area.
In addition to helping the community, these initiatives enhance IC Markets’ standing as a conscientious corporate citizen dedicated to having a good influence.
All the programs mentioned above could build confidence and goodwill among Filipino stakeholders.
IC Markets has the potential to have a long-lasting positive influence on society and support sustainable development objectives by allocating funds to education and environmental conservation.
User Comments and Reviews
IC Markets has clients worldwide, and we found many reviews that clients left on reputable sites. Here are some of the recent ones:
🥇“Great customer service! No long waiting times at the chatbot to receive help when the bot couldn’t respond to my question! The Employee was nice and professional and quick to help.”
🥈“No issues with my experience using IC Markets. For any issues I had, such as not knowing what to do, their customer support is very quick to assist and patient with me.”
🥉“I’ve been using it for a few years now and its just almost PERFECT, no issues withdrawal or something, and Live Agent is always on point. The only thing that might be a bit bad is that bot at the start of the live chat, but if you are a bit patient, it’s cool too.”
🏆“Wonderful support service. They work very quickly. Everything is explained in detail. They helped me a lot. They have a 24/7 live chat to help resolve any issues. I needed to change my contact information and customer service advised me what to do. Excellent customer service.”
In Conclusion
Filipino traders who understand high-frequency or algorithmic trading strategies will find IC Markets a great fit. Trades on this platform are executed incredibly fast, thanks to dedicated servers operating continuously in major financial hubs such as London and New York.
Our Insight
In my opinion, IC Markets is a good option for Filipino traders. With various platforms, account types, trading conditions, and customer service options, it is a solid choice for Filipino traders of all skill levels.
Our Recommendations
We determined that IC Markets caters to various traders, from novice to advanced traders, by offering competitive trading conditions. However, there are still some areas where IC Markets can improve its offer to Filipino traders, which include the following:
✅Give traders market research and news updates about the Filipino market, like economic changes, company news, and information about the local stock market. This will help them make more informed trading decisions.
✅Add PHP as a deposit and withdrawal currency and popular Filipino payment methods, like local bank transfers.
✅Set up workshops, seminars, and local events for Filipino traders to help build a local community where they can swap ideas, gain insight, etc.
Pros & Cons
| ✅Pros | ❌Cons |
| IC Markets ensures ultra-fast execution of trades due to its servers in London and New York. | Bank transfers can take up to 14 days to process |
| Strictly regulated through ASIC, CySEC, FSA, and SCB | Filipino traders cannot deposit or withdraw in PHP with IC Markets |
| Offers trading on the popular MT4 and MT5 platforms | The company does not have any CSR that involves initiatives in the Philippines |
| Offers a choice in social and copy trading platforms | IC Markets is not locally regulated in the Philippines |
| Trading fees are competitive and transparent across markets and account types | IC Markets has no local presence in the Philippines |
You Might Also Like BDSwiss Review
You Might Also Like: BlackBull Markets Review
You Might Also Like CMTrading Review
You Might Also Like: Exness Review
You Might Also Like: FBS Review
Frequently Asked Questions
How efficient is IC Markets' customer support in the Philippines?
IC Markets offers a sufficient number of ways to contact customer support in the Philippines and provides support in the state language.
Is IC Markets legal in the Philippines?
Yes. IC Markets operates legally in the Philippines. The broker holds the necessary licenses in several other jurisdictions, such as ASIC, CySEC, FSA, and SCB.
Is IC Markets a true ECN provider?
When you trade with IC Markets, you are trading on prices streamed from their liquidity providers. IC Markets Global has no dealing desk that creates its prices.
What is the difference between the Standard and the Raw Spread Accounts?
IC Markets Global does not charge a commission on Standard Accounts. Instead, they mark up the spread received from their liquidity providers.
IC Markets’ Raw Spread Account shows the raw interbank spread received from their liquidity providers. On this account, the broker charges a commission of $3.5 per standard lot round turn.
Are there any local payment options available to Filipino traders at IC Markets?
No, IC Markets only accepts international deposit and withdrawal methods, with limited local options for Filipino traders wanting to trade in their local PHP currency.
