ForexPH.com
IC MA

IC Markets

True ECN Broker — Trusted Since 2007

4.5Reviewed March 2026
Min Deposit
$200
Spreads From
0 pips
Max Leverage
1:500
Founded
2007
ASIC RegulatedCySEC RegulatedSCB Bahamas Regulated
Open IC Markets Account

Opens IC Markets's official website. CFD trading involves risk of loss.

Quick Verdict

Established in Sydney in 2007, IC Markets is one of the most reputable ECN brokers in the world, processing over $23 billion in daily volume. Regulated by ASIC and CySEC, the broker offers institutional-grade liquidity and execution to retail traders. IC Markets is particularly popular with scalpers and algo traders in the Philippines who need the tightest possible spreads and fastest execution. Average EUR/USD spread is 0.1 pips on the Raw Spread account, with a $3.50 per lot commission.

Our Rating Breakdown

Overall Score4.5
Regulation & Safety4.7
Spreads & Fees4.9
Trading Platform4.7
Customer Support4.4
Deposits & Withdrawals3.8

Pros & Cons

Pros

  • Some of the tightest spreads globally (avg 0.1 pips on EUR/USD)
  • True ECN/STP execution
  • ASIC & CySEC regulated
  • Supports MetaTrader and cTrader
  • Accepts crypto deposits
  • Excellent for high-volume & algorithmic traders

Cons

  • No GCash support
  • $200 minimum deposit (higher than competitors)
  • Customer support can be slow at peak times

Key Trading Details

Minimum Deposit
$200 minimum (~₱11,400)
Spreads From
0 pips
Maximum Leverage
1:500
Commission
$0 on Standard accounts; $3.50/lot on Raw Spread accounts
Founded
2007
Regulation
ASIC, CySEC, SCB Bahamas

Deposit & Withdrawal Methods for Filipino Traders

Visa / Mastercard
BDO / BPI Bank Transfer
Skrill / Neteller
PayPal
USDT / Bitcoin
GCash
Not supported

Supported Trading Platforms

MetaTrader 4
MetaTrader 5
cTrader

Frequently Asked Questions about IC Markets (Philippines)

Is IC Markets regulated and safe to use in the Philippines?+
Yes. IC Markets is regulated by ASIC and CySEC. These are top-tier financial regulators that enforce strict capital requirements and client fund protection. While IC Markets is not directly licensed by Philippine authorities (BSP or SEC), trading with internationally regulated brokers is widely practiced and not prohibited for individual Filipino traders.
What is the minimum deposit for IC Markets in the Philippines?+
$200 minimum (~₱11,400) This can be funded via Visa / Mastercard, BDO / BPI Bank Transfer, Skrill / Neteller.
Does IC Markets support GCash deposits in the Philippines?+
No, IC Markets does not currently support GCash deposits. Filipino traders can fund their account via Visa/Mastercard or international bank transfer. For GCash support, consider Exness which does accept GCash directly.
What trading platforms does IC Markets offer?+
IC Markets supports the following trading platforms: MetaTrader 4, MetaTrader 5, cTrader. MetaTrader is the most widely used forex trading platform globally, offering advanced charting, automated trading (Expert Advisors), and a large community of resources.
What is the maximum leverage offered by IC Markets?+
IC Markets offers leverage up to 1:500. While high leverage can amplify profits, it equally amplifies losses. For beginners, we recommend using low leverage (1:10 to 1:50) and always setting a stop loss on every trade. High leverage is a significant risk factor and should only be used by experienced traders.

Ready to Trade with IC Markets?

IC Markets is one of the world's largest true ECN brokers, favored by professional Filipino traders for its razor-thin spreads and powerful algorithmic trading capabilities.

Open IC Markets Account

Opens IC Markets's official website. CFD trading involves risk of loss.

Risk Warning: Trading forex and CFDs involves significant risk. 74–89% of retail investor accounts lose money. Past performance is not indicative of future results. Please ensure you fully understand the risks before trading.