IC Markets Philippines Review - TU Expert Opinion
IC Markets is a legitimate Forex broker operating in the Philippines, offering high execution speeds, low spreads, and multiple trading platforms, including MetaTrader and cTrader. The broker is regulated, supports various funding methods, and provides educational resources for traders. With strong security measures and positive user reviews, IC Markets remains a top choice for Forex traders in the Philippines in 2025.
IC Markets is a globally recognized Forex broker, offering competitive trading conditions and reliable services for traders in the Philippines. This review evaluates its legitimacy, regulation, trading features, fees, and overall user experience. Whether you're a beginner or an advanced trader, this guide provides essential insights to help you determine if IC Markets is the right choice for your trading needs in 2025.
Is the Forex market legit in the Philippines?
Forex trading is legal in the Philippines, but traders can encounter some difficulties. The country's Forex market is under the Philippines Securities and Exchange Commission, which has strict oversight. Because of this, there are very few local brokers, and many traders prefer international platforms. This makes it important to choose a broker with strong regulations, such as IC Markets, which operates under an international license for the Philippines while following global financial standards.
IC Markets Philippines Review
If you're wondering whether IC Markets is regulated in the Philippines, the broker operates legally under international financial oversight. While it does not hold a direct local license, it is overseen by leading financial regulators, providing a safe space for trading.
One common question among traders is, is IC Markets legit in the Philippines? The answer is yes. As a globally recognized broker, IC Markets is known for its transparency, security, and strong trading conditions. With fast execution speeds and strict financial compliance, it continues to be a reliable option for Filipino traders.
How to trade Forex in the Philippines
For a safe way to begin trading Forex, traders in the Philippines should choose an international broker with a solid reputation and an SEC license for financial services. A stable, high-speed internet connection is necessary, along with completing verification and funding your account through a debit/credit card or other available options. Once the deposit is credited, you can install a trading platform or use a mobile app to start trading.
For those exploring IC Markets and its role in Philippines Forex trading, the broker offers a strong platform with competitive spreads, advanced trading tools, and flexible account options. Filipino traders benefit from multiple deposit and withdrawal methods, helping traders manage their funds with ease.
As one of the top choices in the region, IC Markets is a well-known Forex broker in the Philippines. It supports traders with secure platforms like MetaTrader and cTrader, along with fast execution speeds. Whether you're just starting out or have years of experience, IC Markets provides a stable platform for trading Forex.
Our evaluation of IC Markets
IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
IC Markets Trading Company is a great broker for beginners, scalping enthusiasts, and automated trading lovers.
Detailed review of IC Markets in the Philippines
For traders exploring their options, an IC Markets review on the Philippines helps traders understand its reputation, competitive spreads, and clear and fair trading conditions. Many Filipino traders appreciate its low fees and fast execution speeds, which appeal to many active traders.
Many traders wonder if IC Markets is an ECN broker in the Philippines. The answer is yes — IC Markets operates as a true ECN broker, providing raw spreads from 0.0 pips and deep liquidity. These features make it a strong option for those interested in scalping or algorithmic trading.
When selecting a reliable trading partner, IC Markets is widely known as a top Forex broker in the Philippines. With a solid regulatory foundation, diverse trading instruments, and strong security features, it remains a preferred choice among Filipino traders.
Advantages of IC Markets for trading in the Philippines
Traders Union analysts conducted a detailed analysis of IC Markets for traders from the Philippines. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
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High execution speeds on all platforms provide for both intraday trading and scalping;
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No deposit or maintenance fees;
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Demo accounts are available on both MetaTrader and cTrader;
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Trading fees are average as compared to other top brokers;
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Copy trading, algorithmic trading, and investment in real stocks for Filipino clients are available;
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Webinars and free educational materials for novice traders are provided;
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24/7 multilingual technical support;
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Free VPS for clients with a monthly trading volume of 15 lots and more.
For traders in the Philippines, knowing the deposit requirements helps them get started. At IC Markets, the minimum deposit in the Philippines is $200, making it accessible while still offering quality trading conditions. This lets traders start with a practical investment while using advanced tools and features.
Another key factor for traders is the cost of transactions. At IC Markets, the spreads in the Philippines are designed to be cost-effective, with standard accounts starting at 0.8 pips and raw spread accounts offering spreads from 0.0 pips. This makes it a great choice for traders looking for tight spreads and lower trading costs.
Analysis of the main features of IC Markets in the Philippines
Traders Union analysts analyzed the key features of IC Markets for traders from the Philippines. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for IC Markets traders from the Philippines
Before choosing a broker, checking the trading conditions helps you find the right one. Many traders wonder, "Can I use IC Markets in the Philippines?" The answer is yes—Filipino traders can sign up and trade on its global platform. However, it’s important to review key factors like deposit requirements, trading platforms, and leverage before getting started.
For those in the Philippines interested in Forex trading, IC Markets provides competitive conditions. With low spreads, access to multiple trading platforms, and flexible leverage options, the broker is a strong choice for many Filipino traders. Looking at these details helps traders decide if IC Markets is the right fit for their trading goals.
Trading conditions for IC Markets traders
| Trading platform: | MetaTrader 4, MetaTrader 5, TradingView and cTrader |
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Accounts: |
Demo, Standard, Raw Spread and Islamic (Swap Free) |
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Account currency: |
EUR, USD, GBP, CAD, AUD, HKD, NZD, CHF, SGD, and JPY |
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Replenishment / Withdrawal: |
All countries: Wire transfers, Visa, Mastercard, Skrill, PayPal, Neteller, RapidPay, and Klarna; Restricted methods: UnionPay, POLI, Fasapay, BPAY, internet banking (Thailand and Vietnam), WebMoney, and Broker to Broker |
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Minimum deposit: |
$200 |
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Leverage: |
1:500 (FSA); 1:30 (ASIC and CySEC) |
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PAMM-accounts: |
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Min Order: |
0.01 |
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Spread: |
Standard: 0.8 pips; Raw Spread: 0 pips; |
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Instruments: |
Cryptos and Forex CFDs on indices, commodities, stocks, bonds, and futures |
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Margin Call / Stop Out: |
50%/100% |
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Liquidity provider: |
Westpac and National Australia Bank |
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Mobile trading: |
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Affiliate program: |
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Orders execution: |
Market |
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Trading features: |
Scalping and expert advisors; Maximum number of orders is 200 for MT4/MT5; and 2,000 for cTrader. |
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Contests and bonuses: |
Rebates for the Global division; Free VPS. |
IC Markets commissions and fees
Traders Union analysts reviewed the commissions and extra charges that IC Markets applies to traders in the Philippines, looking at all trading and extra charges. Their research helps traders understand what they’ll be charged when using the broker.
For Filipino traders, opening and managing an IC Markets funded account in the Philippines can be done easily. The broker offers multiple payment methods, including bank transfers, credit/debit cards, and e-wallets, so traders can add funds and begin trading smoothly.
Regarding costs, IC Markets keeps its pricing competitive with its commissions for traders in the Philippines. Raw spread accounts start at 0.0 pips, with commission fees of $7 per lot on MetaTrader and $6 per lot on cTrader. This simple and competitive pricing makes IC Markets a great option for active traders looking to keep costs low.
Information
Trading fees include spreads, fees per lot, and swaps. IC Markets has variable spreads from 0.8 pips on Standard and from 0 pips on ECN account types. Therefore, fees for one instrument can vary subject to the time of day and the market situation. Fees per lot are charged only on ECN account types. They are $7 per lot on MT4/MT5 and $6 on cTrader. Swaps are charged when positions are transferred overnight, but they do not apply to the Islamic account type. Non-trading fees are fees not related to trades. At IC Markets, these are withdrawal fees when using international bank transfers. The broker doesn’t charge other non-trading fees.
TU experts have compared IC Markets’ fees to those of other brokers and compiled the comparative table below.
IC Markets commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
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Standard |
$8 |
Bank fees apply |
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Raw spread MT4/MT5 |
$0 |
Bank fees apply |
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Raw spread cTrader |
$0 |
Bank fees apply |
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Islamic |
$0 |
Bank fees apply |
Conclusion
IC Markets is a reputable Forex broker offering Filipino traders competitive trading conditions, fast execution speeds, and a secure trading environment. With strong regulatory oversight, a variety of platforms, and multiple funding options, it remains a top choice for both beginners and experienced traders. The broker’s low spreads, commission-based accounts, and free educational resources further enhance its appeal. While local regulations pose challenges, IC Markets provides a reliable alternative for traders in the Philippines. Overall, it is a trustworthy option for those seeking a well-established and globally recognized Forex broker.
FAQs
Is IC Markets legal in the Philippines?
Yes. IC Markets operates legally in the Philippines. The broker holds the necessary licenses.
Can you learn trading with IC Markets? Does the broker offer courses for traders from the Philippines?
Yes, IC Markets offers good trading courses and a lot of educational information for clients from the Philippines.
Can IC Markets be trusted? Has the broker been operating in the Philippines long?
IC Markets has been operating in the Philippines quite long and has a good reputation. Therefore, traders can work with IC Markets.
Is IC Markets suitable for novice traders from the Philippines?
Yes. IC Markets offers optimal trading conditions and good education for beginners from the Philippines.
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 also provides support in the state language.
Has IC Markets had any incidents involving theft of funds of clients from the Philippines?
No. IC Markets provides reliable security of funds of clients from the Philippines.
Will I be able to file a lawsuit in the Philippines if IC Markets violates my rights?
Yes. If IC Markets violates your rights, you can file a complaint with the regulator of the Philippines, and then with a court.
Can IC Markets clients from the Philippines use the broker’s mobile app?
Yes. The mobile app of IC Markets is available for the clients from the Philippines.
Does IC Markets provide Philippines market analysis?
Analysis of the Philippines is featured in the information provided by IC Markets.
How can I withdraw funds from my account at IC Markets in the Philippines?
IC Markets supports bank transfers and debit/credit cards of the banks operating in the Philippines.
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Team that worked on the article
Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).