IC Markets vs Libertex: A Detailed Comparison for Taiwan Traders (2026)

For Taiwan traders, trading costs are a critical factor, especially for those who trade high volumes. IC Markets offers a Raw Spread account with spreads from 0.0 pips and a commission of $3.5 per lot per side, making it one of the cheapest options for frequent traders. In contrast, Libertex uses a spread-only model with no commission, but its spreads are significantly wider—often 1.0 to 1.5 pips on major pairs like EUR/USD. This difference becomes substantial for Taiwan traders executing dozens of lots daily, with IC Markets saving hundreds of dollars per month. For lower-frequency traders, Libertex's all-in spread may be simpler, but for cost-conscious professionals, IC Markets is the clear winner.

IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all of which are industry standards for advanced charting, algorithmic trading, and fast execution. These platforms are ideal for experienced Taiwan traders who need custom indicators, Expert Advisors (EAs), and depth-of-market data. Libertex offers its proprietary web and mobile platform, which is intuitive and beginner-friendly but lacks the advanced tools and automation capabilities that serious traders require. Taiwan traders who rely on EAs or scalping strategies will find IC Markets' platform ecosystem far superior. Additionally, IC Markets supports VPS hosting for low-latency trading, a key benefit for those trading from Taiwan.

IC Markets is renowned for its ultra-fast execution speeds, with average latency under 40 milliseconds and no requotes, thanks to its Equinix NY4 data center infrastructure. This is critical for Taiwan traders using scalping strategies or EAs. Libertex, while reliable, has slower execution speeds due to its dealing desk model, which can lead to slippage during volatile markets. For experienced traders who prioritize precision and speed, IC Markets is the superior choice. Libertex is better suited for casual traders who do not require millisecond execution.

IC Markets is regulated by top-tier authorities including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), providing strong client fund protection and negative balance protection. Libertex is regulated by the Financial Conduct Authority (FCA) in the UK and CySEC, offering a similar level of oversight. However, neither broker holds a license from the FSC Taiwan, meaning Taiwan traders rely on the broker's international regulatory status. Both brokers segregate client funds, but IC Markets' longer track record and higher regulatory tier give it an edge in trustworthiness. Taiwan traders should always verify the specific entity accepting their account to ensure proper regulatory coverage.

Depositing and withdrawing funds in TWD is straightforward with both IC Markets and Libertex. IC Markets accepts Bank Transfer (local TWD transfers via Taiwan banks) and Credit Card (Visa, Mastercard), with no deposit fees and same-day processing for bank wires. Withdrawals are free and typically processed within 1-2 business days. Libertex also supports Bank Transfer and Credit Card deposits, with a minimum deposit of just $50, making it more accessible for beginners. However, Libertex may charge a small conversion fee for TWD deposits, and withdrawal times can take 2-5 business days. For Taiwan traders who prioritize fast, low-cost access to their funds, IC Markets' efficient system is preferable. Both brokers allow TWD withdrawals, but IC Markets offers more consistent processing speeds.

Both IC Markets and Libertex offer Islamic (swap-free) accounts for Muslim traders in Taiwan who require compliance with Sharia law. IC Markets provides swap-free accounts on all standard and Raw Spread accounts, with no swap charges on overnight positions. This is automatically applied upon request and covers forex, indices, and commodities. Libertex also offers Islamic accounts, but traders must contact customer support to activate the feature, and it may not be available on all instruments. For Taiwan Muslim traders, IC Markets offers a more seamless and comprehensive swap-free experience, while Libertex's process is less transparent. Both brokers ensure no interest is charged or earned on overnight positions.

IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with Mandarin-speaking agents available during Asian trading hours. Libertex also provides 24/5 support with live chat and email, but its Mandarin support is less consistent. For Taiwan traders who may need assistance during late-night trading sessions, IC Markets' round-the-clock availability is a significant advantage. Both brokers have comprehensive FAQ sections, but IC Markets' support is more responsive and technically knowledgeable.