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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.3
/ 5

IC Markets review

By azeshan
Updated on Aug 28, 2024
|
14 mins read

Overview

There’s no doubt that trading can be a challenging, exciting, and rewarding activity. But whether your modus operandi is forex, crypto, or commodities, the key is a reliable...
See full overview for IC Markets
Countries
+152
Devices
Minimum deposit
$200
Withdrawal fee
$0
Deposit fee
$0
Max insured
€20,000
Our Verdict
4.3
/ 5
Commissions & Fees
4.3
/ 5
Deposit & Withdrawal
4.5
/ 5
Customer Support
4.7
/ 5
Account Opening
4.1
/ 5
Regulation & Safety
4
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.

  • Offers low average spreads and competitive pricing for all account types.

  • Provides plugins for third-party research and trading tools.

  • Permits scalable, inexpensive algorithmic strategy execution.

  • Provides free deposit and withdrawal options.

Cons

  • Limited product offerings.

  • No investor protection for traders outside the European Union.

  • No weekend trading, extra bonuses or promos.

  • No app for proprietary trading.

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
ECN accounts
Segregated accounts
Execution Model
NDD
ECN
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
NZD
HKD
SGD
Regulatory complience
ASIC
CySEC
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Chinese
German
French
Italian
Spanish
Portuguese
Thai
Vietnamese
Korean
Japanese
Arabic
Russian
Autotrading
cTrader Copy Myfxbook AutoTrade Zulutrade MT4 EA MT5 EA
Contact details
[email protected] +35725010480

Customer reviews

Read real reviews from traders all over the world:

H
Howard Freeman
3 January 2023
Advantages: Variety of payment options
Disadvantages: High minimum deposit
Well, there are many payment options, and I'd say that's the only advantage. I've been working with this broker for four months, and I can't say that choosing this broker was the best option for me. There's a high deposit, especially for novice traders, and to be honest, it's not worth it. I didn't manage to profit while working with this broker, even though I'm not a beginner in trading, and the platform there is not the most convenient, that's why I'll rate this broker only three stars. But maybe someone will find this broker pretty good to work with, Idk, it just wasn't really for me.
Z
Zach Phillips
12 December 2022
Advantages: Increased order processing speed Low spreads
Disadvantages: No
I have been trading in two companies all year, and I opened an account in the company for testing a broker and the amount on the account was only $ 200. The account type was chosen by the master. I studied the positive aspects that traders wrote about the broker and decided to check. But in practice, the attitude of employees to the client turned out to be much better than I had met before, now I transfer the balance of all funds only to this broker. The quality of service in all aspects is much higher! I want to start in the new year with this broker as my main broker and, most importantly, reliable.
See all 18 customers reviews

Accounts

Types of Trading Accounts

Demo Account

The IC Markets demo account is a good option for testing out the platform before committing real funds. It provides a risk-free environment for traders to gather trading experience, evaluate the platform’s features, and explore the services offered by IC Brokers.

From our IC Markets review, the broker has four trading accounts. They are:

Standard Account

It is accessible on the MetaTrader 4 forex trading platform and was designed for inexperienced forex traders. Trading on this platform is commission free but with greater IC Markets spreads.

Raw Spread Account

Via this account, traders can trade at ECN brokers’ low spreads, which start at 0 pip for EUR/USD and $3.50 per lot. This account is available on the MetaTrader 4 with the MLQ4 programming language. This account is ideal for traders who need daily trading strategies and Expert Advisors.

cTrader Raw Account

This account is built on C# programming language to provide an institutionally suitable trading condition. The account is available on the cTrader trading platform. The commission for each lot on this platform is $3.00.

Islamic Account Option

This is a Sharia-compliant account where Raw or Standard pricing does not subject traders to interest-based swap rates. With this account, traders are subject to the Islamic financial principles of paying flat-rate admin fees rather than swap rates when necessary.

cTrader ECN - IC Markets
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
cTrader
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
NZD
SGD
Trading instruments
Forex
1:500
Number of currency pairs: 10
AUD
CAD
CHF
EUR
GBP
NOK
NZD
SEK
SGD
USD
1:500
1:500
Stop Out
50 %
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
100 %
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
True ECN - IC Markets
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
NZD
SGD
Trading instruments
Forex
1:500
Number of currency pairs: 10
AUD
CAD
CHF
EUR
GBP
NOK
NZD
SEK
SGD
USD
1:500
1:500
Stop Out
50 %
Minimum position size
0.01 units
Maximum position size
1000 units
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
100 %
Commission
3.50 USD per lot
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Standard - IC Markets
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
NZD
HKD
SGD
Trading instruments
Forex
1:500
Number of currency pairs: 10
AUD
CAD
CHF
EUR
GBP
NOK
NZD
SEK
SGD
USD
1:500
1:500
Minimum position size
0.01 units
Execution type
market
Spread type
Floating
Decimal places
4
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on IC Markets trading platforms include:

Currencies
61
Indices
23
Commodities
8
Stocks
1600
Bonds
6
Cryptocurrencies
18
Futures
4
ETF
10
Options
11

Frequently asked questions

Find the right answer to your question below.

Is IC Markets a regulated broker?

Yes. IC Markets features regulation by some of the world’s most recognizable top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

With this level of oversight, users can rest assured that their funds are safe when making the most of the broker’s services.

What trading platforms does IC Markets offer?

IC Markets offers access to a range of trading platforms, with features appealing to users of different skill levels. As you would expect, there’s the industry-standard MetaTrader 4 and 5. But in addition, users who prefer C# programming language can opt for cTrader, while the popular TradingView platform is also available.

No matter how you prefer to trade or what level of expertise you have, IC Markets offers a trading platform to support your needs.

What are the trading costs associated with IC Markets?

IC Markets is famous for its competitive pricing structure and low trading costs. Much of that comes down to the clever account options available when you sign up:

  • Standard Account: Commission-free trades with wider spreads, starting at 0.8
  • Raw Spread: Tighter Spreads, starting at 0.0, with commission charges starting at $3.50 per post.
  • cTrader Raw Spreads: Tighter spreads start at 0.00, with commissions at $3.00 per post.

By carefully choosing the best account type for you, you can minimize unnecessary charges and maximize your profit margins. And speaking of profit margins, don’t forget that IC Markets also doesn’t charge any inactivity or withdrawal fees.

What instruments can be traded with IC Markets?

IC Markets offers a concise selection of tradable instruments. Whether you dabble in forex, indices, commodities, crypto, or futures trading, there’s plenty of choice to get started. That said, very advanced users may find the selection of trading instruments to be a little limited. This could be especially true if you deal in ETFs and stocks.

How is the customer support at IC Markets?

Whether you prefer to get in touch via live chat, phone, or email, IC Markets offers help when you need it with 24/7 customer support. The company typically scores highly for its customer service. However, it’s worth noting that some reviewers have been frustrated by withdrawal delays and inconsistent customer support responses.

IC Markets compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
IC Markets
  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
  • 4.3
    / 5
  • 4.5
    / 5
  • $200
  • 1:500
  • 4.3
    / 5
  • $0
  • $0
  • 4
    / 5
  • ASIC, CySEC
  • Yes
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • 4.8
    / 5
  • 4.9
    / 5
  • $100
  • 1:10000
  • 4.7
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
NordFX
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4.1
    / 5
  • 4.9
    / 5
  • $10
  • 1:1000
  • 4
    / 5
  • $0
  • $0
  • 4
    / 5
  • CySEC
  • Yes
  • See review
Exness
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
  • 4.9
    / 5
  • 4.9
    / 5
  • $10
  • 1:2000
  • 4.8
    / 5
  • $0
  • $0
  • 4.6
    / 5
  • FCA, CYSEC
  • No
  • See review
RoboForex
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • 4.9
    / 5
  • 5
    / 5
  • $10
  • 1:2000
  • 4.8
    / 5
  • 1%
  • $0
  • 4.9
    / 5
  • No
  • Yes
  • See review
Choose brokers to compare IC Markets to
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