IC Markets Review

In this IC Markets broker review, we will provide you with a comprehensive overview of IC Markets to help you decide if it is the ideal broker for your trading requirements. Our analysis will delve into the critical aspects of IC Markets, such as regulatory compliance, account types, payment options, trading platforms, pros and cons, and product offerings. By examining all of these factors, you’ll be able to determine whether IC Markets is the right fit for your investment goals and trading strategy.

So, whether you’re a seasoned trader or a beginner looking for a reliable broker, read on to learn more about IC Markets and its offerings.

IC Markets Broker Overview

IC Markets is a globally leading online broker and one of the world’s largest forex providers (by trade volume), processing over 29 billion USD in FX trades daily. Based in Australia, the broker has been operating since 2007 and is well-regarded for its reliability and transparency. IC Markets provides access to a wide variety of over 2250+ global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures.

IC Markets’ competitive advantage lies in its low trading fees, fast order execution, exceptional customer support service, and comprehensive educational resources. The platform offers ultra-low spreads from 0.0 pips and boasts fast order execution speeds of less than 40 milliseconds, making it one of the fastest in the industry. Traders can also access 24/7 dedicated customer support and a range of educational resources, such as high-quality video tutorials, webinars, courses, and podcasts.

Additionally, IC Markets offers deep liquidity, multiple industry-standard trading platforms, multiple fast and secure payment methods, different account types, high leverage of up to 1:500, social trading, and comprehensive support for automated trading.

Suitable For – low-cost trading, beginners, professionals, active traders, high-volume traders, scalping, and algorithmic trading.

IC Markets Features

BrokerIC Markets
Established2007
RegulationsASIC (Australia), FSA (Seychelles/ Global), and CYSEC (Europe).
Global OfficesAustralia, Seychelles, Cyprus, and the Bahamas.
Publicly ListedNo
Broker TypeECN
Products Forex, CFDs
Account TypesDemo, Standard, Raw Spread, Professional, and Islamic.
Asset ClassesForex, Stocks, Commodities, Indices, Cryptocurrencies, Bonds, and Futures.
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, IC Social, Myfxbook Autotrade, ZuluTrade
Trading ToolsVirtual Private Server, Trading Servers, and MT4 Advanced Trading Tools.
Minimum Deposit$200 (or currency equivalent).
Base CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF.
Payment MethodsCredit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Thai internet banking, Rapidpay, and Vietnamese internet banking.
Leverage1:1 – 1:500
1:1 – 1:30 (EU & UK Traders)
Lot SizesMicro (0.01), Nano (0.1), and Standard (1.0).
Pricing ModelStandard Account – Spreads
Raw Spread Account – Spreads and Commissions.
Demo AccountAvailable – Open Demo Account
Customer SupportTelephone, e-mail and live chat.
Education Telephone, e-mail, and live chat.
Supported LanguagesEnglish, Thai, Korean, French, Spanish, Russian, Malay, Bulgarian, Chinese, Indonesian, Deutsch, Portuguese, Vietnamese, Arabic, Italian, and Croatian.

Regulatory Compliance

IC Market is licensed and regulated by top-tier financial regulatory bodies across the world, including;

  • ASIC – The Australian Securities and Investments Commission (Australia)
  • FSA – The Seychelles Financial Services Authority
  • CYSEC – The Cyprus Securities and Exchange Commission

Account Types

Using IC Markets, clients have the option of choosing from two account types that are designed to suit different trading needs and styles. The account types available on IC Markets include;

  • Standard Account (Metatrader)
  • Raw Spread Account
  • cTrader ECN Account
  • Islamic Account (Swap Free Account)

Standard Account

With the Standard Account, traders are not charged a commission when they place a trade, instead, the broker marks up the spreads received from their liquidity provider as compensation for the liquidity they’re providing to you.

The IC Markets’ Standard Account is ideally suited for casual traders, although it can still be used by all types of traders.

Standard Account Features

Standard Account FeaturesSpecifications
Trading PlatformMetaTrader 4 and MetaTrader 5
Commission (Per lot)$0.0
Spreads From1.0 pips
Minimum Deposit$200
Maximum Leverage1:500
Server LocationNew York
Micro Lot Trading (0.01)Available
Currency Pairs64
Index CFD TradingAvailable
One-Click TradingAvailable
Stop Out Level50%
Islamic AccountAvailable
Trading Styles AllowedAll
Order Distance RestrictionNone
Programming LanguageMQL4

Raw Spread Account

The Raw Spread Account provides traders with raw interbank spread received directly from IC Markets’ liquidity providers. On this account type, traders are charged with ultra-low spreads (from 0.0 pips on major currency pairs), alongside a small commission of $3.5 per standard lot round turn.

The Raw Spread Account is ideally suited for traders who are comfortable with paying a little commission in exchange for deeper liquidity and ultra-low spreads (From 0.0 pips on major currency pairs). These include active traders, high-volume traders, and scalpers.

Raw Spread Account Features

Account TypeRaw Spread Account
Trading PlatformMetaTrader 4 and MetaTrader 5
Commission (Per lot)$3.5
Spreads From0.0 pips
Minimum Deposit$200
Maximum Leverage1:500
Server LocationNew York
Micro Lot Trading (0.01)Available
Currency Pairs64
Index CFD TradingAvailable
One-Click TradingAvailable
Stop Out Level50%
Islamic AccountAvailable
Trading Styles AllowedAll
Order Distance RestrictionNone
Programming LanguageMQL4

Raw Spread Account (cTrader) Features

Raw Spread Account (cTrader) Features Specifications
Trading PlatformcTrader
Commission (Per lot)$3.0
Spreads From1.0 pips
Minimum Deposit$200
Maximum Leverage1:500
Server LocationLondon
Micro Lot Trading (0.01)Available
Currency Pairs64
Index CFD TradingAvailable
One-Click TradingAvailable
Stop Out Level50%
Islamic AccountAvailable
Trading Styles AllowedAll
Order Distance RestrictionNone
Programming LanguageC#

Asset Classes

IC Market offers a wide variety of global markets including forex, commodities, stocks, indices, bonds, cryptocurrencies, and futures, with over 2250+ instruments to trade. This makes it an ideal broker for traders who want to diversify into other markets from the comfort of a single trading account.

Asset Class Overview

Assets ClassesNo. Of Assets
Forex61
Commodities22
Stocks1659
Indices25
Bonds11
Cryptocurrency10

Spreads and Commissions

Compared to other industry-standard brokers, IC Markets offers very low spreads across instruments it provides on its brokerage platform. This is possible through their strong relationships with some of the largest and most reliable liquidity providers in the industry.

IC Markets offers different pricing structures across its account types, which are the Standard account and Raw Spread account.

On the Standard account, traders are not charged a commission when they place a trade, instead, the broker marks up the spreads received from their liquidity provider as compensation for the liquidity they provide to you. While on the Raw Spread account, traders are charged with ultra-low spreads (from 0.0 pips on), alongside a small commission of $3.5 per standard lot round turn.

Payments Methods

IC Markets provide traders with a wide range of fast and secure payment methods which makes it easy for trades to transact using their preferred payment method. Also, it does not charge a deposit or withdrawal fee.

The payment method supported by IC Markets includes;

  • Bank Payment – Wire Transfer, Internet banking
  • Card Payments – Credit and debit cards
  • Electronic Payment – Paypal, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI.

Trading Platforms

IC Markets does not offer a proprietary trading platform though traders a provided with access to industry-standard trading platforms including; MetaTrader 4, MetaTrader 5, and cTrader.

Here is a breakdown of IC Markets Trading Platform Offering

Trading Platform OfferingSpecification
Trading Platform (Proprietary)No
Trading Platforms (Third-party)MetaTrader 4, MetaTrader 5, cTrader and ZuluTrade
Social TradingNo
Copy Trading

Customer Support

IC Markets provides clients with an outstanding dedicated customer support service. The support team is available 24/7 and can be reached via live chat, telephone, and email.

Summary

IC Market is an industry-leading broker fit for all types of trading techniques and styles. The broker has built their reputation over the years by offering optimal trading conditions, one of which is their ultra-tight spreads which they are popularly known for, among other great trading conditions they offer.

IC Market is also considered a safe and trustworthy broker to work with as they are fully licensed and regulated by top-tier financial regulatory bodies across the world which includes ASIC (Australian Securities and Investments Commission), FSA (The Seychelles Financial Services Authority), and CYSEC (The Cyprus Securities and Exchange Commission) which is also a member of ESMA (The European Securities and Markets Authority).

FAQ