IC Markets Review

IC Market is a globally trusted CFD broker based in Australia, with operations and offices across the globe. IC Markets offers a number of other global markets including CFDs on stocks, commodities, indices, cryptocurrencies, bonds, and the futures market.

Along with offering a wide variety of globals markets, IC Markets is popular among traders for offering very tight spreads, going as low as 0.0 pips on major instruments, along with other great trading features including; fast order execution, institutional-grade trading, a variety of global markets, powerful industry-standard trading terminals, instant deposit, fast withdrawal, and many other great online trading conditions.

IC Markets Details

BrokerIC Markets
Foundation2007
RegulationsASIC, FSA, CYSEC.
Trading Desk TypeECN
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader,
Mobile TradingAvailable
PC TradingAvailable
Minimum deposit$200 or currency equivalent.
Maximum Leverage1:1 – 1:500
1:1 – 1:30 (EU & UK Traders)
1:1 – 1:500 (Professional Traders in EU & UK)
Minimum trade size0.01
Currency Pairs64
Demo AccountAvailable – Open Demo Account
US ClientsNo
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD,
NZD, JPY, HKD, CHF.
Funding / Withdrawal OptionsCredit and debit cards, Paypal, Neteller,
Neteller VIP, Skrill, UnionPay,
Wire Transfer, Bpay, FasaPay, Broker to Broker,
POLI, Thai internet banking, Rapidpay,
Vietnamese internet banking
ScalpingYes
HedgingYes
InstrumentsForex, Stocks, Commodities, Indices,
Cryptocurrencies, Bonds and Futures.

IC Markets License and Regulations

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

IC Markets 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

IC Markets’ Standard Account is suitable for both new and experienced traders

With the Standard Account, traders are not charged a commission, instead, the broker marks up the spreads received from their liquidity providers.

Standard Account Details

Account TypeStandard Account
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 (going as low as 0.0 pips on major currency pairs like EUR/USD), alongside a small commission of $3.5 per standard lot round turn.

The Raw Spread Account offers great trading conditions and is designed for active and high volume traders (like day traders, swing traders, scalpers and EAs) who are comfortable with paying a little commission to enjoy deeper liquidity, ultra-low spreads and a bunch of other great trading conditions.

Raw Spread Account Details

Account TypeRaw Spread Account
Trading PlatformMetaTrader 4 and 5
Commission (Per lot)$3.5
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 (cTrader) Details

Account TypeRaw Spread Account (cTrader)
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 Offered By IC Markets

IC Market offers a wide variety of global markets, which is an advantage for traders who want to diversify into other markets from the comfort of a trading account. The following markets are offered on IC Markets;

  • Forex
  • Stocks
  • Commodities
  • Indices
  • Crypto
  • Bonds

IC Markets Asset Class Details

Assets ClassesNo. Of Assets
Forex61
Commodities22
Stocks1659
Indices25
Bonds11
Cryptocurrency10

IC Markets Spreads and Fees

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

The broker offers two account fee structures which are the Standard account and Raw Spread account. On the Standard account, IC Markets does not charge a commission, instead, they mark up the spreads received from their liquidity providers while on the Raw Spread accounts a little commission is charged ($3.5 per standard lot round turn) with spreads going as low as 0.0 pips on major instruments.

IC Markets Funding and Withdrawals Methods

IC Market offers a bunch of funding and withdrawal options which can be categorised into three. They include bank payments, electronic payments and card payments.

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

IC Markets Trading Platforms

IC Markets does not offer a proprietary trading platform though, they offer clients access to trade via industry-standard trading terminals, including; The MetaTrader 4, MetaTrader 5 and CTrader.

IC Markets Trading Platform Details

PC Platform (Windows)Yes
Web PlatformYes
Social TradingYes
ProprietaryNo
MetaTrader 4Yes
MetaTrader 5Yes
cTraderYes
ZuluTradeYes

IC Markets 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).

IC Markets FAQ

Is IC Markets regulated?

Yes, IC Market is regulated across different jurisdictions by top tier regulatory bodies including ASIC (The 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).

Is IC Markets an ECN broker?

Yes IC Market is a true ECN broker.

What is IC Markets minimum deposit?

IC Market offers a minimum deposit of $200 or currency equivalent across all account types they offer.

How long do withdrawals take on IC Markets?

IC Markets funds withdrawal processing time depends on the withdrawal option you may be using, some withdrawal options can process withdrawals instantly while others might take between 2-3 working days.

Does IC Markets accept US traders?

No, IC Markets does not accept clients from the United States.

How do I open an IC Markets live account?

To open a live trading account on IC Market, visit the account registration page here and complete the application form. Once your application has been approved by the brokers account team you will be emailed your trading account login details and password.

Does IC Market allow scalping?

Yes IC Markets allows scalping.

Does IC Market allow hedging?

Yes IC Markets allows hedging.