IC Markets Vs Fxtm For Taiwan Traders: In-Depth Comparison (2026)

When comparing trading costs for Taiwan traders, IC Markets holds a clear advantage with spreads starting from 0.0 pips on its Raw Spread account, plus a $7 round-turn commission per lot. FXTM's ECN account offers spreads from 0.1 pips with a similar commission structure. For a Taiwan trader executing 10 lots per day, IC Markets can save approximately $10-$20 daily in spread costs. This difference is significant for scalpers and high-frequency traders. Both brokers offer competitive swap rates, but IC Markets’ lower spreads make it the more cost-effective option for volume-focused traders in Taiwan.

Both IC Markets and FXTM provide the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used by Taiwan traders. IC Markets additionally offers cTrader, a platform favored for its advanced charting and fast execution. FXTM provides a proprietary web platform and mobile app, which are beginner-friendly but less customizable. For Taiwan traders who value advanced tools and algorithmic trading, IC Markets’ cTrader support is a strong advantage. FXTM’s platforms are better suited for those who prefer simplicity and built-in educational features.

IC Markets boasts ultra-fast execution with an average speed of 40ms and no requotes, thanks to its Equinix NY4 data center. FXTM offers execution speeds under 100ms, which is still competitive but slightly slower. For Taiwan traders engaged in scalping or high-frequency trading, IC Markets’ superior execution quality reduces slippage and improves order fill rates, making it the preferred choice.

Taiwan traders can fund their accounts at both IC Markets and FXTM using Bank Transfer, Skrill, Neteller, and USDT. IC Markets also supports credit/debit cards, PayPal, and UnionPay, while FXTM adds Perfect Money and local bank transfers. Minimum deposits are $50 for IC Markets and $100 for FXTM. Withdrawals are processed within 24 hours for e-wallets (Skrill, Neteller, USDT) and 1-3 business days for bank transfers. USDT deposits on TRC-20 or ERC-20 networks are fast and low-cost, ideal for crypto-savvy traders in Taiwan. Both brokers charge no deposit fees, but withdrawal fees may apply for bank transfers.

Both IC Markets and FXTM offer Islamic (swap-free) accounts for Taiwan Muslim traders who require Sharia-compliant trading. IC Markets provides swap-free accounts automatically for eligible clients, while FXTM requires a request via customer support. These accounts do not charge or pay overnight swap fees, making them suitable for long-term position traders. FXTM’s process may take longer, but both brokers ensure compliance with Islamic finance principles. Taiwan traders should confirm eligibility and any additional conditions, such as account type restrictions, before opening an Islamic account.

IC Markets offers 24/7 live chat, email, and phone support in English and Chinese, with response times under 2 minutes for live chat. FXTM provides similar multilingual support, including Mandarin, via live chat and email, but phone support is limited to business hours. For Taiwan traders, IC Markets’ round-the-clock support is more reliable for urgent issues, especially during volatile market hours.