Trading Academy
Forex Glossary
Trading Guides
News
Blog
IC Markets Review
Overall rating
4.7/5
Minimum deposit
$200
EUR/USD spread
0.6-0.8 pips (Standard), 0.0 pips + $3.50 (Raw MT4/5)
Use this review to validate safety, fees, platform fit, and where this broker falls short.
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Updated
Jul 21, 2026
Up to $2.50/Lot Rebate + 21% Comm Off
Raw Trader Plus rebate up to $2.50/lot. Save ~$1.50/lot with 21% lifetime commission discount.
Is IC Markets a good broker?
Sources & References
- IC Markets Trading Accounts— IC Markets
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
BrokerAnalysis partner route
Compare IC Markets through our verified route
Cashback / Rebate available: Up to $2.50/Lot Rebate + 21% Comm Off. Check the terms, fees, and regulation notes before opening an account.
Affiliate disclosure: partner links may earn BrokerAnalysis a commission at no extra cost to you. We do not make profit or earnings guarantees.
Should you choose IC Markets?
Use this short answer before you dive into the full review.
Best for
True ECN execution model with 25+ LPs
Not ideal for
$200 minimum deposit
Top alternatives to compare
Why Trust BrokerAnalysis?
We test brokers with real money. Our reviews are based on data, not payments. Learn more
Trust Score: 93/100
Based on regulatory status, company history, and financial transparency
IC Markets Score Breakdown
- True ECN Raw Spreads from 0.0 pips
- Regulated by ASIC, CySEC (Tier-1) and FSA Seychelles
- $29 billion+ daily trading volume
- Equinix NY4/LD5 low-latency execution
- MT4, MT5, cTrader, TradingView platforms
- 25+ tier-1 liquidity providers
- No restrictions on scalping/hedging/EAs
- IC Social copy trading platform
Founded
2007
Headquarters
Sydney, Australia
Clients
200,000+
Why choose IC Markets
IC Markets is a leading True ECN forex and CFD broker founded in 2007 in Sydney, Australia. Renowned for its institutional-grade execution, ultra-tight raw spreads from 0.0 pips, and deep liquidity from 25+ providers, IC Markets processes over $29 billion in daily trading volume. Regulated by ASIC (Tier-1), CySEC (Tier-1), and FSA Seychelles, the broker offers MT4, MT5, cTrader, and TradingView platforms with no restrictions on scalping, hedging, or automated trading. With Equinix data centers in NY4 and LD5 for low-latency execution, IC Markets is the preferred choice for algorithmic traders and high-volume scalpers. The broker offers copy trading via IC Social, Myfxbook, ZuluTrade, and MetaTrader Signals.
Pros
- ASIC and CySEC Tier-1 regulation
- Ultra-tight raw spreads from 0.0 pips
- Excellent for scalping and EAs
- Low latency execution (Equinix)
- 2,250+ tradable instruments
- No inactivity fees
- 24/7 customer support
Cons
- $200 minimum deposit
- Limited educational resources
- Research tools could be expanded
- No FSCS protection
IC Markets
Fast decision summary
Min Deposit: | $200 |
Regulated: | Yes |
Inactivity Fee:
No inactivity fee on the global entity. IC Markets (EU) maintains a separate dormant-account policy with exemptions for open positions.
See how the best brokers compare to IC Markets
IC Markets offers industry-leading pricing with True ECN Raw Spread accounts featuring spreads from 0.0 pips plus commission ($7 round turn on MT4/MT5, $6 on cTrader). Standard accounts are commission-free with spreads from 0.6-0.8 pips. No deposit fees, no withdrawal fees (except international bank wires), and no inactivity fees. High-volume traders benefit from a three-tier volume rebate program.
| Instrument | Standard | Raw/Pro |
|---|---|---|
| EUR/USD | 0.6-0.8 pips (Standard) | 0.0 pips + $3.50/side (Raw MT4/5) |
| GBP/USD | 1.0 pips (Standard) | 0.0-0.1 pips + $3.50/side (Raw) |
| USD/JPY | 1.0 pips (Standard) | 0.0-0.1 pips + $3.50/side (Raw) |
| Gold (XAU/USD) | Variable | Variable + commission |
| S&P 500 (US500) | 0.4 points | 0.4 points |
| BTC/USD | Variable | Variable |
Deposit Fee
$0
Withdrawal Fee
Free (international bank wires: $20)
Inactivity Fee
None
Account Maintenance
$0
Non-trading fees
Deposit fee
Free
Withdrawal fee
Free (international bank wires may have $20 fee)
Inactivity fee
No inactivity fee on the global entity. IC Markets (EU) maintains a separate dormant-account policy with exemptions for open positions.
Fees and conditions last verified: July 2026.
Fees may vary depending on account type and jurisdiction. We aim to keep this data updated regularly.
IC Markets is multi-regulated by prestigious financial authorities including ASIC (Australia - Tier-1) and CySEC (Cyprus - Tier-1). The FSA Seychelles entity serves international clients. Client funds are held in segregated accounts at top-tier banks including Westpac and National Australia Bank. Negative balance protection is provided. The broker carries professional indemnity insurance and has processed over $29 billion daily with no major issues.
Regulatory Status
| Regulator | Country | Tier | License |
|---|---|---|---|
| Australian Securities and Investments Commission (ASIC) | Australia | Tier-1 | 335692 |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Tier-1 | 362/18 |
| Seychelles Financial Services Authority (FSA) | Seychelles | Tier-3 | SD018 |
Safety Features
| Segregated Accounts | Yes |
| Negative Balance Protection | Yes |
| Investor Protection | ICF (Cyprus) up to €20,000, Segregated accounts, Negative Balance Protection |
| Compensation Scheme | Investor Compensation Fund (Cyprus) €20,000 |
Compare IC Markets with top alternatives
Use the side-by-side comparison tool once you have checked fees and safety.
IC Markets offers 15+ funding options including bank wire, credit/debit cards, PayPal, Skrill, Neteller, POLi, and cryptocurrencies. Deposits are free and instant for most methods. Withdrawals are free for most methods except international bank wires ($20 fee). The broker supports 10 base currencies to minimize conversion costs. Minimum deposit is $200.
Deposit Options
| Method | Processing Time | Fee | Min. Deposit |
|---|---|---|---|
| Credit/Debit Card (Visa, Mastercard) | Instant | Free | $200 |
| Bank Wire Transfer | 1-3 business days | Free | $200 |
| PayPal | Instant | Free | $200 |
| Skrill/Neteller | Instant | Free | $200 |
| POLi (Australia) | Instant | Free | $200 |
| Cryptocurrency | Varies | Free | $200 |
Withdrawal Options
| Method | Processing Time | Fee | Min. Withdrawal |
|---|---|---|---|
| Credit/Debit Card | 3-5 business days | Free | $0 |
| Bank Wire Transfer | 2-5 business days | $20 (international) | $0 |
| PayPal/Skrill/Neteller | Instant - 24 hours | Free | $0 |
Base Currencies
USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD
IC Markets offers a fast online account opening process. Choose between Standard (commission-free, wider spreads) and Raw Spread (tight spreads + commission) accounts on MT4, MT5, or cTrader. Minimum deposit is $200. Verification requires ID and proof of address. Demo accounts and Islamic swap-free accounts are available.
Account Types
| Account Type | Min. Deposit | Key Features |
|---|---|---|
| Standard Account | $200 |
|
| Raw Spread Account (MT4/MT5) | $200 |
|
| Raw Spread Account (cTrader) | $200 |
|
| Islamic Account | $200 |
|
Verification Steps
- Time to open: Same day for most applications
- Demo Account: Yes
- Islamic Account: Yes
IC Markets offers mobile trading via MT4, MT5, cTrader mobile apps, TradingView mobile, and the proprietary IC Social copy trading app. All apps provide full trading functionality with real-time quotes, advanced charting, and order management. The cTrader mobile app is particularly well-regarded with excellent ratings.
App Features
- MT4/MT5 mobile apps
- cTrader mobile app (highly rated)
- TradingView mobile integration
- IC Social copy trading app
- Full trading functionality
- Real-time quotes and charting
- One-click execution
- Technical indicators
- Price alerts and notifications
IC Markets provides the full platform suite: MetaTrader 4, MetaTrader 5, cTrader, and TradingView integration. All platforms are optimized for True ECN execution with no dealing desk interference. Equinix NY4 and LD5 data centers ensure ultra-low latency. Expert Advisors and automated trading are fully supported with no restrictions. Copy trading available via IC Social, Myfxbook, ZuluTrade, and MT Signals.
Supported Platforms
- MetaTrader 4 (MT4): Industry-standard platform optimized for ECN execution.
- MetaTrader 5 (MT5): Advanced multi-asset platform with enhanced features.
- cTrader: Premium ECN platform with Level II pricing.
- TradingView: World-class charting with trading integration.
Compare platform providers:
IC Markets offers 2,250+ tradable instruments including 60+ forex pairs, 2,100+ stock CFDs, indices, commodities, bonds, and cryptocurrencies. Deep liquidity from 25+ tier-1 providers ensures tight spreads on major pairs. Leverage varies by regulatory entity - up to 500:1 for FSA clients and 30:1 for ASIC/CySEC retail clients.
Available Instruments
| Forex Pairs | 65 |
| Indices | 25 |
| Stocks | 2100 |
| Commodities | 22 |
| Cryptos | 18 |
Leverage Limits
| Instrument | Max Leverage |
|---|---|
| Forex | 30:1 (ASIC/CySEC retail), 500:1 (FSA/Pro) |
| Indices | 20:1 (retail), 200:1 (pro) |
| Stocks | 5:1 (retail), 20:1 (pro) |
| Crypto | 2:1 |
Got Questions?
Engage with our growing community of traders and investors like you to find your answers.
Frequently Asked Questions
Review Team
Why Traders Shortlist IC Markets
Key points from our latest editorial review and testing process.
- True ECN Raw Spreads from 0.0 pips
- Regulated by ASIC, CySEC (Tier-1) and FSA Seychelles
- $29 billion+ daily trading volume
- Equinix NY4/LD5 low-latency execution
Compare IC Markets before you commit
If this broker looks close but not perfect, compare it against the strongest alternatives first.
Compare AlternativesWhy this review is trustworthy
- Freshness dates and fact-checking are shown on the page.
- Broker scoring follows our public methodology and disclosure standards.
- Country-specific differences still matter, so compare the exact entity before you deposit.
Related Comparisons
Our Verdict
IC Markets is recommended for True ECN execution model with 25+ LPs
Use this final check alongside the fee, safety, platform, and funding sections above. If IC Markets still fits your country, account size, and risk tolerance, open the account through the tracked broker route below.
Free rate & fee alerts
Get notified if IC Markets's terms change
Spreads, minimum deposits, and bonus terms shift without warning. We'll email you when IC Markets changes something material — plus our weekly broker comparison digest.
No spam. Unsubscribe anytime.
Not sure IC Markets fits how you trade?
Get a personalized match in 60 seconds — or join the free community for live setups first.
Signals are provided free through our VT Markets partnership. Join the community and the registration link is pinned at the top.
Keep researching faster
Next step after this review
Move to a compare page, a fresh broker match, or another detailed review.
Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.
Broker terms can differ by region and entity, but this review shows the most recent figures captured in our research workflow.Methodology |Editorial Policy |Data Sources |Full Disclaimer