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IC Markets Review

IC Markets Review

IC Markets is a trusted international broker with an excellent all-round offering for Taiwanese traders. IC Markets offers a vast number of tutorials and guides. IC Markets has multilingual customer support and easy withdrawal methods.

Updated : June 20, 2024

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Min Deposit

200 USD



Trading Desk

MetaTrader 4



Total Pairs


Islamic Account


Trading Fees

Low spreads

Account Activation Time

48 Hrs


IC Markets


IC Markets’ journey began 17 years ago when a group of devoted professionals launched the brokerage to provide comprehensive and dynamic trading services to clients worldwide. Over the years, IC Markets has built a solid reputation for dependability and devotion to client satisfaction.


Taiwanese traders will find that IC Markets is a secure, transparent, and fair choice because of its multi-regulatory status, including oversight from ASIC, CySEC, SCB, FSA, and FSCA, ensuring high confidence and security.


Furthermore, we found that the numerous trading platforms, including MT4, MT5, and cTrader, cater to various trading styles, providing flexibility and simplicity.


Furthermore, IC Markets’ diverse range of trading instruments, including over 60 currencies, cryptocurrencies, and CFDs, offers traders numerous possibilities to diversify their portfolios.


One of IC Markets’ primary accomplishments is its ongoing dedication to innovation and improvement.


The introduction of the Raw Trader Plus account for high-volume traders, which provides daily commission rebates, VPS hosting, and priority customer assistance, illustrates IC Markets’ commitment to satisfy traders’ increasing needs.


This account is designed for experienced day traders, with competitive fees and specific incentives to improve their trading experience.


Furthermore, IC Markets’ emphasis on research and education distinguishes it as a broker that appreciates providing its clients with knowledge and insights.


Our findings also show that market research information, training resources, and analysis tools are designed to help traders at all skill levels, from beginner to advanced.


Our initial thoughts are that IC Markets stands out as a top alternative for Taiwanese traders due to its strong regulatory environment, extensive variety of trading instruments, unique services such as the Raw Trader Plus account, and dedication to research and education.


Furthermore, according to what we can see, IC Markets’ track record of success and commitment to client care and constant improvement makes it a dependable and perfect choice for Taiwanese traders seeking a reputable and feature-rich brokerage experience.



What makes IC Markets stand out in terms of spreads?

IC Markets offers some of the lowest spreads in the industry, with an average EUR/USD spread of 0.0 pips.


Does IC Markets offer a demo account?

Yes, IC Markets offers a comprehensive demo account with unlimited duration and access to all live account markets and assets.

IC Markets at a Glance


👤IC Marketsℹ️ Information
📅Established Year2007
🏛Regulation and LicensesASIC, CySEC, FSA, SCB
📈Ease of Use Rating5/5
⌚Support Hours24/7
💻Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade
🗂️Account TypescTrader, Raw Spread, Standard
💵Base CurrenciesAUD, USD, JPY, EUR, NZD, SGD, GBP, CAD
📈SpreadsFrom 0.0 pips EUR/USD (Raw Spread Account)
💷Currency Pairs64+
💳Minimum Deposit6,500 TWD ($200)
💵Inactivity FeeNone
🌐Website LanguagesEnglish, Spanish, Russian, Thai, Malay, Indonesian, Italian, Portuguese, and several others
💰Fees and CommissionsSpreads from 0.0 pips, commissions from $3.5
👥Affiliate ProgramYes
❌Banned CountriesUnited States, Canada, Iran, Yemen, and OFAC countries
🛢Trading InstrumentsForex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, Futures
👉 Open AccountOpen Account

IC Markets Regulation and Safety of Funds

IC Markets regulations


IC Markets Regulation in Taiwan

Taiwan’s Financial Supervisory Commission (FSC) does not regulate IC Markets. However, IC Markets’ global regulations are listed in the table below.


IC Markets Global Regulations


🔎Registered Entity🗾Country of Registration📇Registration Number⚖️Regulatory Entity🔢Tier🪪 License Number/Ref
Raw Trading LtdSeychellesFSA3SD018
International Capital Markets Pty Ltd.AustraliaCAN 123 289 109ASIC1AFSL 335692
IC Markets EU LtdCyprusCySEC2362/18
IC Markets LtdBahamas76823 CSCB3SIA-F214


IC Markets Security Measures


👮 Security Measureℹ️ Information
Segregated AccountsYes
Compensation Fund MemberNo, in-house insurance
Compensation Amount$1 million
SSL CertificateNo
2FA (Where Applicable)No
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo
👉 Open AccountOpen Account


IC Markets is a popular broker for Taiwanese traders that offers secure trading for traders despite lacking local regulation in Taiwan.


IC Markets follows strict data protection standards to protect personal data from illegal access, loss, and misuse. Client funds are stored in separate accounts with trustworthy banks, ensuring protection even during financial upheaval.


IC Markets also adheres to the Securities Act and Securities (Conduct of Business) Regulation compliance. The company maintains strict anti-money laundering standards in compliance with the FSA Anti-Money Laundering and Counter Terrorism Financial Act.


Lastly, IC Markets also provides risk management tools, such as negative balance protection and risk management education, to help traders limit exposure and losses.


Is IC Markets a member of an investor compensation fund?

No. IC Markets does not participate in an investor compensation fund, which is something traders should be aware of.


Are my personal details safe with IC Markets?

Yes, IC Markets adheres to strict data protection regulations to ensure the safety of your personal information.

IC Markets Awards and Recognition

IC your trade award


IC Markets has garnered significant attention from the trading community due to its consistent dedication to excellence, as evidenced by its recent series of prestigious awards.


We found that these awards clearly recognize the company’s unwavering commitment to providing exceptional services and resources to traders worldwide. Some of their recent accomplishments include:

  • Receiving recognition from the Signal Awards for the IC Your Trade podcast series, a platform developed by IC Markets, is truly an honor. The podcast has received high praise for its captivating discussions and well-executed marketing strategies, establishing IC Markets’ strong presence in the world of financial podcasting.

  • IC Markets has been recognized by ForexBrokers.com with the prestigious Best in Class award in the Commissions & Fees category for the year 2024. This accolade highlights IC Markets’ commitment to a highly competitive pricing structure.

  • The IC Your Trade podcast has gained significant popularity, consistently ranking among the top 25 most shared podcasts on Spotify. This accomplishment highlights the podcast’s substantial influence and extensive reach among traders.

IC Markets Account Types

IC Markets account types

🔎FeaturesStandardRaw SpreadcTrader
➕➖AvailabilityAll; ideal for beginners and casual tradersAll; ideal for scalpers, day traders, active tradersAll traders; only available on cTrader
💵 CommissionsNone; only the spread is charged$3.5 per side, $7 per round turn$3 per side, $6 per round turn
📊PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5cTrader
📈Trade SizeFrom 0.01 lots – 200 lotsFrom 0.01 lots – 200 lotsFrom 0.01 lots – 2,000 lots
💴Minimum Deposit6,500 TWD6,500 TWD6,500 TWD
👉 Open AccountOpen AccountOpen AccountOpen Account


IC Markets Standard Account

We registered a demo account to explore the features of the IC Markets Standard Account. We found that it is appealing to a diverse group of traders, positioning it as a great option for individuals venturing into the trading industry in Taiwan.


One notable aspect is its lack of trade commissions, which may be attractive to traders looking for clear and straightforward cost structures. With competitive spreads starting at 1 pip for major pairs like EUR/USD, it caters to traders who value simplicity and are mindful of their budget.


The account’s maximum trade size of 200 lots appeals to a wide range of traders, from novices to seasoned professionals, offering the flexibility to adjust position sizes as needed. The added advantage of leverage up to 1:1000 provides significant flexibility in trading size and style.


Although the minimum deposit of 6,500 TWD is higher than some competitors offer, it is still considered reasonable for individuals serious about entering the market. In addition, the compatibility with the MetaTrader suite guarantees a reliable and familiar trading experience.


IC Markets Raw Spread Account

Our experience with IC Markets’ Raw Spread Account showcased an account perfectly tailored for traders prioritizing precision and value tight spreads.


Trading expenses are transparent, with spreads starting from 0 pips on major currency pairs like EUR/USD and a clear $3.50 per side commission structure.


The account’s True ECN execution provides direct access to interbank markets, making it perfect for scalpers and high-frequency traders.


With a wide range of trade sizes and high leverage options, it caters to traders of all scales, from small to large. Even without the usual bonuses found in ECN environments, the raw pricing model of this platform remains highly competitive.


With a minimum deposit of 6,500 TWD, this option is ideal for traders who prefer a spread-plus-commission cost framework.


IC Markets cTrader Account

IC Markets’ cTrader Account provides a cutting-edge trading experience with a commission rate of $3 per side, which is slightly lower than the Raw Spread Account. With its highly competitive spreads starting from 0 pips, we believe it will attract traders who are mindful of costs.

Designed for high-volume traders seeking extensive market exposure, Taiwanese traders can trade up to 1,000 lots per transaction and leverage of 1:1000.


In our experience, the cTrader platform is renowned for its sophisticated interface and powerful analytical features, greatly enhancing the trading experience.


This combination of advanced technology and ECN execution makes it an excellent option for traders who value control and meticulous analysis.


IC Markets Professional Account

The IC Markets Professional Account is designed for seasoned Taiwanese investors, providing personalized features and advanced customization options.


Although the minimum deposit and trade sizes align with other accounts, qualified professional clients have access to higher leverage.


With commission and spreads similar to the Raw Spread Account, its value is found in its enhanced features, including superior support and advanced trading tools.


Geared towards traders with significant capital and a desire for extensive market involvement, we believe this account type meets the complex needs of experienced professionals.


IC Markets Demo Account

After extensively testing this account, we can confidently say that the IC Markets Demo Account is an excellent educational resource that can greatly enhance your learning experience.


Providing a simulated trading environment with real-time market conditions and no associated costs is extremely valuable for individuals of all skill levels.


Furthermore, with this account, Taiwanese traders have the opportunity to explore different platforms such as MetaTrader 4, MetaTrader 5, and cTrader, which provide a comprehensive learning experience without any financial risk.


IC Markets Islamic Account

The IC Markets Islamic Account is designed to cater to the specific requirements of clients who follow Sharia law principles. Removing swap fees guarantees adherence to regulations while maintaining optimal trading conditions.


With competitive spreads and True ECN execution, traders can enjoy a swap-free environment and access a wide range of Halal trading instruments and platforms.


Furthermore, another benefit we found on the IC Markets Islamic Account is impressive leverage options, a large portfolio of educational and training materials, and various advanced trading tools and resources, ensuring that it caters to traders who value ethical and efficient trading solutions.


What types of accounts does IC Markets offer?

IC Markets offers several account types: Standard, Raw Spread, and Islamic.


Can I use social trading on a demo account?

Yes, you can use social trading features on a demo account to practice without risking real money.

How To Open an IC Markets Account

IC Markets’ account registration is one of the quickest and simplest we’ve had. Here’s how Taiwanese traders can get started with IC Markets:

IC Markets how to open an account

  • Start by visiting the official website of IC Markets. Find and click on the button that says, ‘Start Trading’ or ‘Open a Live Account’.

  • Consider the different account types (Standard, Raw Spread, or cTrader) and make your choice. Remember to consider your trading experience and style when making this decision so that you can get the trading conditions that align with your strategy.

  • Please provide precise personal information when completing the electronic registration form. You will be prompted to provide us with your name contact details, and answer a few questions regarding your financial background.

  • Please provide the required documents to verify your identity and residential address as part of the KYC process.

  • Once you’ve submitted your documents, you’ll need to wait patiently for IC Markets to review and verify your account.

  • After your account is approved, log in to your Secure Client Area and find the ‘Deposit’ section. Select your preferred deposit method and currency, noting that TWD may not be directly accepted, and a currency conversion fee will be applicable.

  • You can easily download and install the trading platform that suits your account type from the IC Markets website or your Secure Client Area. IC Markets offers three main platforms, namely cTrader, MetaTrader 4, and MetaTrader 5, and you’ll also have access to IC Social, Signal Start, and ZuluTrade.

  • Once the platform is installed, you can log in using your IC Markets account credentials. Then, you can customize your trading environment by personalizing charts, installing indicators, or configuring automated trading systems.

  • We often urge beginners to start with a demo account. With this, traders can practice trading in a safe environment until they feel confident to start using their IC Markets live account.

  • Now that all the necessary components are in order, you can begin trading. As you explore online trading and place trades, stay vigilant with your positions, stay informed about market news, and exercise caution when managing your risks.


Can I start trading immediately after my IC Markets account is opened?

You can start trading with IC Markets once your account is approved and funded.


How long does it take to approve an account after registering with IC Markets?

Accounts are typically granted within a few business days of Taiwanese traders completing the registration process and submitting all relevant documents to the IC Markets compliance staff.

Broker Comparison

🔎FeaturesIC MarketsHFMFBS
🏛️RegulationASIC, CySEC, FSA, SCBFSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regionsIFSC, CySEC, ASIC, FSCA
📊Trading PlatformMetaTrader 4
MetaTrader 5
TradingView MetaTrader 4 MetaTrader 5
XM Mobile App
MetaTrader 4
MetaTrader 5
FBS Trader
MetaTrader 4
MetaTrader 5
💵Withdrawal FeeNoNoYes
💻Demo AccountYesYesYes
💴Min Deposit6,500 TWD ($200)0 TWD ($0)162 TWD ($5)
📌 Leverage1:10001:2000Up to 1:3000
✏️SpreadFrom 0.0 pips0.0 pipsFrom 0.7 pips
💰CommissionsFrom $3 to $3.5$6 per round turn$0
🤙Margin Call/Stop-Out100%/50%50%/20%30%/ 10%
👉Order ExecutionMarketMarketMarket
❌💵No-Deposit BonusNoNoNo
🛅Cent AccountsNoNoYes
🗄️Account Types cTrader Account
Raw Spread Account
Standard Account
Cent Account Premium Account
Zero Account
Pro Account
Pro Plus Account
Retail Account
⚖️FSC RegulationNoNoNo
💵TWD DepositsNoNoNo
🗄️TWD AccountNoNoNo
🧑‍💻Customer Service Hours24/724/524/7
🏪Retail Investor Accounts351
☪️Islamic AccountYesYesYes
📉Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈Maximum Trade SizeUnlimited500 lots500 lots
⌚Minimum Withdrawal TimeInstant10 Minutes15 minutes
⌛Maximum Estimated Withdrawal TimeUp to 14 business days10 business daysUp to 7 days
⏱️Instant Deposits and Instant Withdrawals?Yes, on PayPal, Neteller, and SkrillNoDeposits
👉 Open AccountOpen AccountOpen AccountOpen Account

IC Markets Trading Instruments & Products

IC Markets offers Taiwanese traders several markets that can be traded across account types and platforms. Here’s a breakdown of what traders can expect:


IC Markets Trading view


  • Forex – IC Markets provides Taiwanese traders with access to various forex pairs, offering high leverage of up to 1:1000 on major pairs. The platform’s ECN execution model ensures fast trade completion, making it an ideal choice for those seeking to capitalize on forex market volatility.

  • Index CFDs – Taiwanese traders can access global equity markets through IC Markets’ index CFDs, offering up to 1:200 leverage for portfolio diversification and hedging strategies, allowing investors to speculate on the future direction of stock market indices.

  • Futures – IC Markets offers Taiwanese traders access to futures contracts, a valuable asset for enhancing any trading strategy. These contracts provide leverage and the chance to hedge against other investments, making them a way to trade on the future value of commodities and indices.

  • Crypto CFDs – The platform allows traders from Taiwan to participate in the digital currency revolution by granting access to 18 cryptocurrency CFDs.

  • Stock CFDs – IC Markets allows Taiwanese traders to trade CFDs on global stock exchanges, enabling them to participate in the market with a smaller initial investment. Furthermore, Taiwanese traders can easily profit from declining markets by taking up short positions.

  • Commodities – IC Markets offers Taiwanese traders a diverse range of commodities, including hard options like metals and soft options like soybean, sugar, and corn.

  • Bond – Government bonds offer a stable and steady income source for Taiwanese traders, offering a reliable alternative to forex or cryptocurrency trading. These instruments are available for trading to Taiwanese traders through interest rate differentials.


Are there any limits on trading volumes for Taiwanese traders on IC Markets?

No. IC Markets provides Taiwanese traders with variable trading volumes, allowing them to trade micro-lots to standard lots based on risk tolerance and investing preferences.


Does IC Markets give access to global stock markets for Taiwanese investors?

Yes, IC Markets provides Taiwanese traders access to over 1,600 equities listed on multiple worldwide exchanges except for local CFDs on equities.

IC Markets Trading Platforms and Software

A notable feature of IC Markets is the range of trading platforms and software that Taiwanese traders can use across accounts to trade different markets. In the following sections, we elaborate on the platforms and their unique features.


IC Markets platforms


MetaTrader 4 (MT4)

While exploring IC Markets’ offerings in conjunction with the MetaTrader 4 (MT4) platform using our demo account, we found a compelling combination for Taiwanese traders.


The seamless integration of MT4’s advanced charting features with IC Markets’ True ECN connectivity enables precise trading, essential for strategies that depend on swift execution.


Furthermore, as we explored MT4, we found that the platform’s interface was designed to be easy to use, allowing for smooth navigation of the markets.


In our experience, with the inclusion of algorithmic trading, combined with IC Markets’ tight spreads and deep liquidity pools, Taiwanese traders can greatly enhance trade outcomes.


MT4 is known to handle numerous orders at once, and with IC Markets’ impressive leverage of up to 1:1000, there is potential for Taiwanese traders to enter and hold larger positions.


IC Markets’ execution policies were efficient, and our testing revealed minimal slippage even during volatile market phases.


Overall, the MT4 platform’s analytical tools and IC Markets’ price aggregation model can give Taiwanese traders a competitive edge in understanding global market dynamics.


MetaTrader 5 (MT5)

MetaTrader 5 is one of the best platforms we’ve ever reviewed. When we evaluated MT5 on IC Markets, we discovered a seamless extension of functionality along with some of the tightest spreads and superior trade execution.


Furthermore, the multi-asset capability of MT5 is a great match for IC Markets’ wide range of products, making it easy to trade across different markets. The platform’s market display offered a clear view of market pricing, helping users make well-informed decisions.


We believe that the advanced financial trading functions of MT5 are a perfect match for IC Markets’ competitive conditions. We were particularly impressed with the seamless order execution, as trades were executed without any requotes, which is something many other brokers struggle with.


The platform’s analytical resources would greatly assist Taiwanese traders in strategic trades, especially with IC Markets’ diverse assets. The detailed analysis provided by these resources is invaluable.



Our assessment confirms that the cTrader platform is ideal for traders seeking a contemporary trading experience. With its user-friendly interface and depth of market feature, cTrader provides valuable insights into IC Markets’ liquidity, making it a suitable choice.


Moreover, its swift order execution speeds are advantageous for day traders and scalpers, reducing slippage.


cTrader’s advanced algorithmic trading capabilities seamlessly integrate with IC Markets’ policy of not restricting trading strategies.


This integration allows Taiwanese traders to implement automated trading systems easily and smoothly. Therefore, cTrader emerges as a standout option for Taiwanese traders searching for a sophisticated platform with access to IC Markets’ favorable conditions.


IC Social

We found that IC Social is a platform that prioritizes community engagement. Partnered with IC Markets, it lets us access knowledge by exchanging insights and mirroring strategies from seasoned traders.


Furthermore, the social trading feature has the potential to offer Taiwanese traders valuable insights from a diverse range of market offerings provided by IC Markets.


Signal Start

We were thoroughly impressed by the professional trading signals offered by Signal Start, which perfectly complement the trading conditions provided by IC Markets.


By utilizing the expertise of signal providers and taking advantage of IC Markets’ fast execution, traders can greatly enhance the quality of their trades.


Signal Start’s comprehensive signal marketplace can be a valuable resource for Taiwanese traders, particularly when combined with the advantageous trading terms offered by IC Markets.



ZuluTrade’s social trading aspect completely transformed our experience. The seamless integration of ZuluTrade with IC Markets’ lightning-fast execution speeds and highly favorable trading conditions enables immediate replication of trades from skilled traders across the globe.


Overall, traders from Taiwan can enhance their trading approach by utilizing ZuluTrade’s global perspectives and strategies while using IC Markets’ services.


Is there a platform tutorial or guide for IC Markets?

Yes, IC Markets provides educational resources to help you get acquainted with the trading platforms.


Are advanced charting tools available with IC Markets’ platforms?

Yes, advanced charting tools are available on MetaTrader 4, MetaTrader 5, and cTrader.

IC Markets Leverage and Margin

Our research on IC Markets’ leverage and margin features, focused on their use by traders from Taiwan, has yielded some interesting findings.


IC Markets Leverage


With IC Markets, retail traders can access the forex market with minimal initial investment or margin requirement thanks to leverage of up to 1:500. While this tactic could increase your earnings, you must be aware that your losses could end up being more than your initial investment.


Traders can control substantially larger positions for every currency unit in their account when they understand how leverage functions in the forex market.


For example, traders can exert control over $100 for every $1 in their account when using 100:1 leverage. The normal leverage ratio in other markets, such as stocks, is around 2:1; thus, this amount of leverage is far greater.


Never mistake leverage with taking out a loan from your broker; there is a significant difference. In our experience in leveraged forex trading, leverage is just the broker’s way of letting traders open larger positions with less money.


To safeguard against any trading losses, brokers often require a specific margin. The trader must deposit additional funds or close out positions to satisfy the margin obligations if the equity falls below the used margin, a process known as a margin call.


The significance of careful risk management and an in-depth understanding of market dynamics is highlighted by the fact that, although leverage can increase returns, it can also quickly exacerbate losses.


Furthermore, Taiwanese traders must consider the spread while assessing leverage utilization since it affects the margin call threshold.


Can Taiwanese traders change the leverage on their IC Markets account?

Yes, Taiwanese traders can alter their leverage settings within the restrictions given by IC Markets.


Are there any leverage limitations for certain financial products?

Yes. IC Markets can impose leverage limitations on some volatile or exotic financial products to reduce risks for Taiwanese traders and promote responsible trading behavior.

IC Markets Spreads and Fees

Because IC Markets is an ECN broker, Taiwanese traders can expect fast trade execution and the lowest possible spreads available, especially on major forex pairs and other popular instruments. Here’s what we discovered while we explored IC Markets’ trading and non-trading fees.


IC Markets Spreads


IC Markets Spreads

One advantage of trading with IC Markets is the narrow spreads they offer. According to our analysis, the EUR/USD pair on the Raw Spread account might have spreads as little as 0.0 pips. This is extremely tight and the best news for spread-cost-minimizing strategies.


In contrast, with the Standard account, you can trade the same currency pair with a competitive spread starting at 1 pip, which is wider than other brokers charge on similar accounts and currency pairs.


IC Markets Commissions

We thought the $3.50 commission rate for the Raw Spread account was reasonable given IC Markets’ ECN broker model and in line with industry standards.


However, traders who prefer the cTrader platform can take advantage of a slightly lower price of $3 per lot on each side with this account. Trading costs can be better understood and anticipated with these commissions applied to Forex and metal instruments.


IC Markets Overnight Fees

If you’re looking for competitively low overnight or swap fees, IC Markets has you covered.


While evaluating IC Markets’ trading conditions, we found that overnight fees could be added to or subtracted from the trader’s account depending on the difference in interest rates between the traded currencies.


Taiwanese traders using long-term strategies should consider these fees to ensure they align with their trading strategies and objectives.


IC Markets Deposit and Withdrawal Fees

We liked that, unlike other online brokers, there were no fees associated with making deposits or withdrawals while we were reviewing.


This policy applies to most of IC Markets’ payment options, simplifying the management of funds for traders from Taiwan.


However, traders should know that IC Markets has no control over the fees the respective financial institutions charge for certain transactions, such as foreign bank wire transfers.


IC Markets Inactivity Fees

Our research shows that IC Markets does not charge inactivity fees to traders, which is a great policy that gives them some leeway if they aren’t always actively trading.


With this trader-friendly method, we found that Taiwanese traders can easily participate in the market whenever they choose, without worrying about spending money when the market isn’t active.


IC Markets Currency Conversion Fees

Traders from Taiwan should be aware that there may be costs when using currencies other than the base currency of their account to deposit or withdraw funds.


IC Markets only offers AUD, USD, JPY, EUR, NZD, SGD, GBP, and CAD as the base currencies for an account. Therefore, TWD deposits and withdrawals are subject to currency conversion fees.


Does IC Markets have any hidden fees?

No. IC Markets’ costs are straightforward, with no hidden charges for Taiwanese traders. All applicable costs, including spreads and commissions, are explicitly mentioned on the site.


Does IC Markets penalize dormant accounts?

No, IC Markets does not levy inactivity fees for inactive accounts.


IC Markets Deposit & Withdrawal Options

IC Markets deposists and withdrawls


IC Markets boasts a range of deposit and withdrawal options for a global clientele. While IC Markets does not offer local Taiwanese payments, several alternatives exist, from typical banking transfers to e-wallets.


Below, we give Taiwanese traders an overview of the payment methods they can expect from IC Markets. Furthermore, we provide the general procedures that Taiwanese traders can follow to deposit and withdraw with IC Markets.


💰Payment Method🗾 Country💱Currencies Accepted⏰Processing Time
Credit CardAllAUD, USD, JPY, EUR, NZD, SGD, GBP, CADInstant – 5 days
Debit CardAllAUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHFInstant – 5 days
NetellerAllAUD, GBP, EUR, CAD, SGD, JPYInstant
Neteller VIPAllAUD, GBP, EUR, CAD, SGD, JPYInstant
SkrillAllAUD, USD, JPY, EUR, SGD, GBPInstant
Bank Wire TransferAllAUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF2 – 14 days
BpayAustraliaAUD12 hours – 3 days
FasaPayAllUSDInstant – 5 days
Broker to BrokerAllAUD, USD, JPY, EUR, NZD, SGD, GPB, CAD, CHF, HKD2 – 5 days
POLiAustraliaAUDInstant – 3 days
Thai Internet BankingThailandUSD15 minutes – 1 day
Vietnamese Internet BankingVietnamUSDInstant – 1 day
RapidpayAllEUR, GBPInstant – 5 days
KlarnaAllEUR, GBPInstant – 5 days


IC Markets Deposits


How to Deposit using Bank Wire Step by Step

  • Access the Secure Client Area on the IC Markets site.

  • Go to the ‘Deposit Funds’ section and choose ‘Bank Wire Transfer’.

  • Obtain the banking details provided by IC Markets for the transfer.

  • Use the provided IC Markets banking details to initiate the bank wire transfer.

  • Include your trading account number in the transfer details.

  • Submit the transaction and keep an eye on your account, as it can take 2 to 5 business days for funds to appear.


How to Deposit using Credit or Debit Card Step by Step

  • Log in to your IC Markets Secure Client Area.

  • Select ‘Deposit Funds’ and choose ‘Credit/Debit Card’ as your preferred payment method.

  • Provide the deposit amount and card details. Ensure that the currency you have chosen is supported. If you select TWD, it will need to be converted.

  • Complete the necessary authentication steps as required by your card provider. Deposits are typically credited within an hour, although there might be instances where certain transactions could take up to 5 days.


How to Deposit using Cryptocurrency Step by Step

  • Use a crypto exchange to exchange your cryptocurrency for a supported fiat currency (USD, EUR, etc.).

  • Follow the necessary steps to deposit the fiat currency into your IC Markets account.


How to Deposit using e-Wallets or Payment Gateways Step by Step

  • Locate ‘Deposit Funds’ in the Secure Client Area and choose your preferred e-wallet option.

  • You will be directed to the login page of your e-wallet.

  • Confirm the deposit amount and proceed with finalizing the transaction. Funds are usually accessible immediately, although there might be a slight delay of up to an hour.


IC Markets Withdrawals

How to Withdraw using Bank Wire Step by Step

  • To initiate a bank wire transfer, please navigate to the Withdraw Funds section in the Secure Client Area.

  • For your initial withdrawal, provide your bank account information.

  • Indicate the withdrawal amount (conversion may be necessary for TWD transactions).

  • Submit the withdrawal request. The funds will typically be received within 14 business days.


How to Withdraw using Credit or Debit Cards Step by Step

  • Navigate to the ‘Withdraw Funds’ section in the Secure Client Area.

  • Choose the ‘Credit/Debit Card’ as your preferred withdrawal option.

  • If multiple cards were used, select the last card for depositing.

  • Enter the amount you would like to withdraw and proceed with the transaction. Withdrawal processing typically takes 1-5 business days.


How to Withdraw using Cryptocurrency Step by Step

  • You can easily transfer funds to your e-wallet in a widely accepted fiat currency.

  • Independently convert the fiat currency to your chosen cryptocurrency from your e-wallet.


How to Withdraw using e-Wallets or Payment Gateways Step by Step

  • Select your e-wallet from the options listed under ‘Withdraw Funds.’ This should be the same e-wallet that you used for making your deposit.

  • Enter the amount you would like to withdraw and confirm the transaction. Withdrawals are typically processed within 1-2 business days. The e-wallet’s system will handle all currency conversions.


Can I use cryptocurrency for deposits to an IC Markets account?

No, cryptocurrency deposits are not currently supported.


Do I need to verify my IC Markets account before depositing?

Yes, you must verify your account before accessing your client area and depositing funds to your IC Markets account.

IC Markets Educational Resources

IC Markets education


IC Markets stands out as an ideal option for beginners in Taiwan based on the range of educational materials available. Furthermore, IC Markets’ resources and tools not only cater to beginners, but more experienced traders as well.


Keep reading to discover the educational resources and various tools that Taiwanese traders can expect from IC Markets.


Forex Calculators

The forex calculators IC Markets provides allow traders to control risk better and organize their finances. Taiwanese traders rely on these tools to help them determine the possible gains, losses, and dangers of their trading.


Currency converters, pip calculators, and margin calculators are all part of the tools that have been fine-tuned to match IC Markets’ unique trading conditions and real-time data.


Video Tutorials

From the most fundamental foreign exchange (FX) ideas to more complex trading tactics, IC Markets has you covered with its vast video training library.


Traders from Taiwan who learn best through visual aids and value detailed instructions will find these lessons invaluable as they seek to comprehend the inner workings of the market and various trading platforms.


Economic Calendar

All foreign exchange traders, including those in Taiwan, rely on the economic calendar, which provides timely updates on major economic events that may impact market conditions.


Traders can easily stay ahead of market-moving events and change tactics using IC Markets’ thorough and user-friendly calendar.


IC Markets Web TV

IC Markets Web TV broadcasts live from the NYSE to provide traders with up-to-the-minute market news and analysis. This is a great way for Taiwanese traders to keep up with global economic news and local market trends.


Help Centre

If any questions or concerns arise at any time, Taiwanese traders can reach out to the Help Centre for assistance. To make trading at IC Markets easier, this resource includes frequently asked questions (FAQs), tips for fixing common issues, and user manuals.


Forex Glossary

Traders need to have a solid grasp of forex terminology. For Taiwanese traders just starting in the foreign exchange market, IC Markets’ Forex Glossary is a great resource for understanding the industry’s fundamentals.


Lessons on Getting Started

Designed specifically for Taiwanese beginners, these classes provide a systematic framework for trading. This course is designed to help you make the most of IC Markets’ trading platform and covers a wide range of topics, from creating an account to learning market analysis techniques.


Trading Knowledge

Here, you can find more sophisticated resources that cover topics like risk management, technical analysis, and trading methods in greater detail. Its purpose is to assist Taiwanese traders in their journey from novices to seasoned pros who can deftly navigate market intricacies.


IC Markets Global Blog

The blog’s content includes market news, trading advice, and strategy discussions. Taiwanese traders seeking insights into global and Asia-specific market circumstances will find this resource beneficial.


Advantages of Forex

High liquidity, round-the-clock trading, and heavy leverage are just a few of the distinctive advantages of foreign exchange trading that IC Markets lists. Because of their advantageous geographical and economic position, these features are of special interest to Taiwanese traders.


IC Markets Webinars

Live, interactive trading sessions are offered by webinars, allowing traders to ask questions and receive instant responses from expert traders. If you are a Taiwan trader and prefer to learn in a live setting, you must attend these sessions.


IC Markets Podcasts

We explored this resource and found that episodes of the IC Markets podcast include interviews with professional traders and other market specialists who share their knowledge of trading tactics and current market trends.


Traders from Taiwan can use these podcasts to learn how to navigate the markets in different economic climates successfully.



With the help of TeamViewer, IC Markets can offer traders platform-to-platform technical support. Traders from Taiwan needing assistance configuring or fixing their trading environments in real-time may find this helpful.


Cybersecurity and Scams

Given the dangers of internet trade, educational materials on cybersecurity and avoiding scams are essential. IC Markets trains traders in Taiwan to spot security risks and safeguard their money.


Does IC Markets’ education cater to different skill levels?

Yes, IC Markets caters to traders of all experience levels, providing starting instructions for beginners and advanced methods for seasoned traders.


What can I expect to find in IC Markets’ educational section?

IC Markets offers a wide selection of instructional products, such as podcasts, video lessons, webinars, and written articles, covering all trading and market analysis elements.

IC Markets Bonuses and Promotions

IC Markets Bonusses and promotions

During our analysis of IC Markets’ offerings for traders in Taiwan, we observed a lack of direct promotional incentives. Nevertheless, the brokerage offers an attractive affiliate program that appeals to Taiwan’s knowledgeable and technology-driven trading community.


This initiative offers a promising opportunity for Taiwanese affiliates, allowing them to earn up to $1.50 for every standard lot traded by their referrals on the Raw Spread account.


In our experience, this feature is especially attractive in Taiwan’s advanced trading environment, where traders are active and always looking to improve their trading strategies.


The commission system of the affiliate program is a significant advantage for Taiwanese affiliates. It promotes the formation of a network that prioritizes significant trading volumes, providing incentives for individuals who can successfully leverage their connections and market knowledge.


For individuals in Taiwan who are involved in the financial sector, the IC Markets affiliate program offers a promising opportunity to explore outside of traditional trading bonuses.


Overall, we found that it definitely takes advantage of Taiwan’s active trading culture and strong technological infrastructure, ensuring that it could lead to significant financial gains for local traders.


Do Taiwanese traders receive rebates for heavy volume trading on IC Markets?

Affiliates (not retail traders) can earn lucrative rewards when their clients trade high volumes.


Can Taiwanese traders take part in IC Markets’ demo trading contest?

No. IC Markets does not often hold demo trading contests. Instead, IC Markets focuses on real-market trading experiences with robust platforms.

IC Markets Affiliate Programs

IC Markets Affiliate marketing



We found that there are a lot of benefits for Taiwanese traders who participate in the IC Markets affiliate program. Offering a transparent commission structure, 24/7 customer service, and a quick pay-out mechanism, it is a tempting choice.


Our research shows that Taiwanese partners receive a full suite of marketing tools from the platform, which increases their earning potential. Notably, the trading requirements of Taiwanese traders are adequately met by IC Markets’ multilingual support.


Trading prospects are further enhanced by the program’s provision of access to various financial instruments. Although we found that some technical know-how might be required for the initial setup, the user experience is generally commendable.


However, considering the diverse regulatory regimes in different locations, we strongly suggest that potential Taiwanese affiliates carefully read the terms and conditions.


How to Register an Affiliate Account with IC Markets Step-by-Step


Taiwanese traders who want to sign up to partner with IC Markets can follow these few steps to get started:

  • Navigate to the “Partners” section on the IC Markets homepage and familiarize yourself with the IC Markets Affiliate Program details, such as the commission structure, payment options for Taiwanese residents, and the range of marketing resources provided.

  • Please click the “Apply Now” banner to start your registration process.

  • Next, provide accurate personal information, including your full name, which should match the name on your Taiwanese government-issued identification. If you’re applying on behalf of a company, please provide the official company name and registration number as recognized by Taiwanese authorities.

  • Please provide your Taiwanese Unified Business Number (UBN), if applicable.

  • Select your preferred payment method from the options available to Taiwanese affiliates and provide the relevant account information.

  • Finally, carefully review the affiliate agreement, indicate your understanding and acceptance by checking the box, and then click “Submit” to complete your application.


What is the profit potential for IC Markets’ Taiwanese affiliates?

Taiwanese affiliates can profit from a competitive commission structure of $1.50 per standard lot traded in forex, possibly increasing earnings based on the trading activity of referred customers.


How do Taiwanese people sign up for the IC Markets affiliate program?

Taiwanese residents can sign up for the IC Markets affiliate program online at the IC Markets website.

IC Markets Customer Support

🖳Customer SupportIC Markets Customer support
🕰️Operating Hours24/7
🎗️Support LanguagesPortuguese, English, Vietnamese, Chinese
💬Live ChatYes
📧Email AddressYes
☎️Telephonic SupportYes
📱The overall quality of XM Support4.3/5
👉 Open AccountOpen Account

IC Markets customer support

🖳Support ChannelAverage Response TimeUser-based Response Time
☎️Phone5 minutes2 minutes
📧Email 24 hoursSame-day
💬Live Chat5 minutes4 minutes
📱Social Media5 minutes2 – 3 minutes
🧑‍🤝‍🧑Affiliate24 hoursSame-day
👉 Open AccountOpen Account

What customer service options are accessible to Taiwanese traders at IC Markets?

Taiwanese traders can contact IC Markets customer care via live chat, email, and phone.

Does IC Markets provide Taiwanese customers with Mandarin customer service?

No. IC Markets provides multilingual services, but we could not confirm the availability of Mandarin support.

IC Markets Social Responsibility

IC Markets Social responsibility

Our extensive search for information about IC Markets’ CSR involvement turned up nothing. However, given its international reputation in the trading business, we believe that IC Markets is likely engaging in various CSR projects that are not publicly highlighted.

From what we know, financial powerhouses are known to contribute to community and environmental well-being while keeping such efforts under wraps.

Furthermore, these companies frequently combine their business interests with a strong commitment to social responsibility, ensuring they provide unmatched trade experiences while having a positive societal influence.

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IC Markets is a popular broker for Taiwanese traders that offers secure trading for traders despite lacking local regulation in Taiwan.

IC Markets follows strict data protection standards to protect personal data from illegal access, loss, and misuse. Client funds are stored in separate accounts with trustworthy banks, ensuring protection even during financial upheaval.

IC Markets also adheres to the Securities Act and Securities (Conduct of Business) Regulation compliance. The company maintains strict anti-money laundering standards in compliance with the FSA Anti-Money Laundering and Counter-Terrorism Financial Act.

Lastly, IC Markets also provides risk management tools, such as negative balance protection and risk management education, to help traders limit exposure and losses.

Our Insight

  • IC Markets offers many deposit and withdrawal ways, but adding localized payment choices like popular local e-wallets and banking services could improve global funding.

  • As with desktop trading, mobile trading should have complete functionality, comprehensive charting, and analysis tools. This would benefit the growing number of mobile traders.

  • IC Markets already offers MetaTrader and cTrader, but a unique trading platform may give clients exclusive tools and capabilities, setting it apart from its competitors.

Our Recommendations 

  • Offering analysis and insights tailored to the Taiwanese markets could be a valuable resource for local traders.

  • IC Markets can boost its presence and reputation in the Taiwanese market by partnering with local financial institutions or trading communities.

  • IC Markets should pursue regulatory approval from Taiwanese authorities. This would give Taiwanese traders an extra level of trust and security.

  • Integrating popular Taiwanese payment methods would make the deposit and withdrawal process more efficient for Taiwanese traders.

  • Organizing webinars, seminars, or trading workshops in Taiwan can be a valuable way to connect with the local trading community and increase brand recognition.

  • Providing accounts in the local currency would simplify currency conversion and streamline financial management for Taiwanese traders.

  • Translating educational materials into Taiwanese would greatly enhance the accessibility and usefulness of learning resources for local traders.

IC Markets  Pros and Cons

Taiwanese traders can access more than 1,600 CFDs with IC MarketsThere is a leverage cap according to the regulations of different areas
IC Markets has multilingual support for its global clienteleThere is no proprietary desktop platform
There are competitive trading conditions, with spreads from 0.0 pipsIC Markets has no TWD-denominated account
There are robust social trading features for Taiwanese tradersThere are no local deposit or withdrawal options
Taiwanese traders can expect feature-rich platforms that provide a seamless trading experience
There is extensive educational material available with IC Markets
IC Markets provides high-quality market research through video content, articles, commentary, and more
Taiwanese traders can get free VPS from IC Markets

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Frequently Asked Questions

What is the withdrawal time frame for IC Markets?

The withdrawal period ranges from 1 to 14 days, depending on the technique chosen.

Can IC Markets be trusted as a Forex and CFD provider?

Yes, IC Markets is a respectable and trustworthy Forex and CFD broker that is well-regulated and employs robust security measures to protect traders.

Does IC Markets offer instructional resources to traders?

Yes, IC Markets provides educational resources on all Forex and CFD trading elements through teaching videos and articles aimed at both beginners and experienced traders.

Is IC Markets appropriate for day traders, scalpers, and discretionary traders?

Yes, IC Markets is a forex and CFD broker offering a wide range of trading instruments, high leverage, tight spreads, powerful trading platforms, sophisticated tools, and everything else a day trader would require.

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