Quick Verdict — Myanmar Traders
Best Overall
Libertex
Higher overall score & more features
Best Spreads
Libertex
Lower trading costs for scalpers
Islamic Accounts
IC Markets
Swap-free for Myanmar Muslims
Best for Beginners
Libertex
Better education & support
1:5000 vs 1:30
Max leverage
ASIC vs CySEC
Top regulator
Head-to-head comparison
Myanmar's forex trading scene is growing rapidly, with traders seeking reliable brokers that offer low costs and local payment support. IC Markets, rated 4.8/5, and Libertex, rated 3.7/5, are two popular choices for emerging retail traders in Myanmar. IC Markets is known for its tight spreads, fast execution, and acceptance of KBZPay, Wave Money, Bank Transfer, and USDT deposits. Libertex, a simpler platform, is better for beginners but has higher spreads and fewer local payment options. This comparison helps Myanmar traders decide based on fees, platforms, and local accessibility.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
VS
Libertex
CySEC
3.8
CompareBroker score
Winner
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Libertex | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Libertex |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Libertex |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Libertex |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Libertex |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $100 | Libertex |
For Myanmar traders, trading costs are critical. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a commission of $3.50 per lot, while Libertex has spreads from 1.0 pips with no commission. For a trader executing 10 lots per month on EUR/USD, IC Markets costs about $35 in commission plus spreads, whereas Libertex would cost around $100 in spreads alone. Over a year, this difference can be $780. IC Markets is clearly more cost-effective for active Myanmar traders.
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Account Types Comparison
| Account Type | IC Markets | Libertex |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $100 |
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Leverage Comparison - Myanmar Traders
| Entity / Asset | IC Markets | Libertex |
|---|
| Myanmar (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Myanmar Traders
Traders in Myanmar typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Libertex | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | Libertex |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Libertex | Winner |
|---|
| Execution model | ECN/STP | True ECN | Libertex |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
IC Markets provides ultra-fast execution with no requotes, thanks to its Equinix NY4 data center and low-latency infrastructure. Libertex uses a dealing desk model, which can lead to slippage and requotes during volatile markets. For Myanmar traders who trade news or scalping strategies, IC Markets offers superior execution quality and reliability.
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Regulation & Safety for Myanmar Traders
| Safety Factor | IC Markets | Libertex |
|---|
| Primary regulator | ASIC | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. For Myanmar traders, these offshore regulators provide fund segregation and negative balance protection. The SECM does not directly oversee these brokers, so traders should choose a broker with strong regulatory oversight.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Myanmar traders may differ by entity.
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Deposits & Withdrawals for Myanmar
| Payment Method | IC Markets | Libertex |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 5 business days |
Myanmar traders can deposit at IC Markets using KBZPay, Wave Money, Bank Transfer, and USDT (USDT-TRC20). Deposits via KBZPay and Wave Money are instant with no fees. Libertex only supports bank transfers and credit/debit cards, which may involve bank charges and longer processing times. Withdrawals at IC Markets are typically processed within 24 hours, while Libertex can take 2-5 business days. For local convenience, IC Markets is the clear winner. USDT deposits are also popular among Myanmar traders for speed and low fees.
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Islamic Accounts - Swap-Free for Myanmar Muslims
| Islamic Account Feature | IC Markets | Libertex |
|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Libertex offer Islamic (swap-free) accounts for Myanmar Muslim traders. IC Markets provides Islamic accounts on its Standard and Raw Spread accounts, with no swap charges on overnight positions. Libertex also offers Islamic accounts but may have lower leverage limits (e.g., 1:200 vs 1:500). Myanmar traders should confirm the terms before opening an account. IC Markets is generally more flexible for Islamic traders.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Libertex | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 customer support via live chat, email, and phone, with fast response times. Libertex also provides 24/5 support but is slower. For Myanmar traders, both brokers offer English support, but IC Markets has a more responsive live chat. Language barriers may be an issue, but IC Markets has a better track record for resolving issues quickly.
| Mobile Feature | IC Markets | Libertex | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | IC Markets | Libertex | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Libertex
Pros
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Myanmar Guide
Choose IC Markets if you...
- Are an active trader who values low spreads and fast execution
- Need local payment methods like KBZPay, Wave Money, or USDT
- Use advanced platforms like MT4, MT5, or cTrader
- Want a broker with a strong regulatory track record and high trust score
Choose Libertex if you...
- Are a beginner trader looking for a simple, user-friendly platform
- Prefer fixed spreads and no commission structure
- Do not require local payment methods like KBZPay or Wave Money
- Are comfortable with slower execution and fewer advanced features
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FAQ - IC Markets vs Libertex in Myanmar
Is IC Markets or Libertex better for Myanmar?
+Can Myanmar traders use both brokers legally?
+Which broker has lower spreads for Myanmar traders?
+How do Myanmar traders deposit at IC Markets and Libertex?
+Do both brokers offer Islamic accounts for Myanmar?
+Final Verdict - Myanmar 2026
Libertex wins overall
For Myanmar traders, IC Markets is the superior choice overall. It offers lower spreads, faster execution, and supports local payment methods like KBZPay, Wave Money, and USDT, which are essential for convenient deposits and withdrawals. Libertex, while simpler, has higher costs and fewer local options. Given IC Markets' higher trust score (3.6/5) and strong regulatory oversight, it is the preferred broker for emerging retail traders in Myanmar. Always consider your trading style and local payment preferences when choosing.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
