IC Markets is a well-established broker since 2007. IC Markets has headquarters in Australia, Cyprus, Bahamas, China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates and United Kingdom. IC Markets to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by ASIC ACN 123 289 109, CySEC 362/18, SCB SIA-F214 and The Financial Commission 25.11.2021.
We can say that IC Markets is a legitimate broker that is safe to trade with and not a scam with all those licenses. Especially for algorithmic traders or scalpers, IC Markets could be your first choice as it provides excellent trading costs, high leverage, low latency connectivity, and superior liquidity.
Three copy trading services are also available to facilitate social traders, while beginner traders benefit from a high-quality educational platform and 24/7 customer support. IC Markets offer negative balance protection and segregates client deposits from corporate funds.
Major Information
💲 Min Deposit $200
⚖ Max Leverage 1:500
💡 Min Position 0.01 lot
🌐 Website www.icmarkets.com
⌛ Year Established 2007
3.55/5
Extensive Review
IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).
On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.
Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.
The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.
For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.
To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.
Company Information
Features
📖 Free education
👨💻 PAMM
📊 MAM
📁 Segregated accounts
📈 Managed accounts
🕋 Islamic accounts available
Account Information
Apart from the forex demo account, this broker offers Standard and Raw Spread. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by IC Markets is up to 1: 500. Meanwhile, you can open an account with a starting capital of $200.
IC Markets offers the following trading accounts:
- Standard: Standard account requires a minimum deposit of $200 and a minimum lot size of 0.01. To offer traders the best prices, this account type uses variable spread. Overall, the account is offering a multitude of tools, such as trailing stop, pending orders, one-click trading, browser-based platform, and trading via API. However, you don’t have the Expert Advisor nor scalping strategy options.
- Raw Spread: The minimum deposit is $200 and the minimum lot size is 0.01. Raw Spread promises straightforward market access via one-click trading, automated trading, and mobile trading with a variety of tools including trailing stop and pending orders. Expert Advisor and scalping are allowed.

Min Deposit
$200

Max Leverage
1:500

Spread
Variable

Commission
$3.50
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $200
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Fees
Commissions at IC Markets vary by the trading platform. The commission is $6 per lot for cTrader and $7 per lot for MT4/MT5. The pricing difference lowers profit potential by 16.67% for MT4/MT5 traders.
Fees of 0.10% are charged for equity traders, except US-listed equities, where the cost is $0.02 per share per side. Other costs to be aware of include third-party payment processors and overnight swap rates. However, one of the advantages of using IC Markets is they do not charge an inactivity fee.
Instruments Traded
Besides lots of currency pair, IC Markets also offers some instruments you would like to trade on, such as Forex, CFD, Bonds and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Available trading markets on IC Markets include:
- 23 indices.
- 61 currency pairs.
- over 22 commodities.
- 1600+ stocks.
- More than 11 bonds.
- 13 cryptocurrency pairs.
- 4 futures CFDs.
As for Standard account, IC Markets specifically provides it with the following instruments and leverage:
💲 Min Deposit $200
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $3.50
Fees
Commissions at IC Markets vary by the trading platform. The commission is $6 per lot for cTrader and $7 per lot for MT4/MT5. The pricing difference lowers profit potential by 16.67% for MT4/MT5 traders.
Fees of 0.10% are charged for equity traders, except US-listed equities, where the cost is $0.02 per share per side. Other costs to be aware of include third-party payment processors and overnight swap rates. However, one of the advantages of using IC Markets is they do not charge an inactivity fee.
Instruments Traded
Besides lots of currency pair, IC Markets also offers some instruments you would like to trade on, such as Forex, CFD, Bonds and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Available trading markets on IC Markets include:
- 23 indices.
- 61 currency pairs.
- over 22 commodities.
- 1600+ stocks.
- More than 11 bonds.
- 13 cryptocurrency pairs.
- 4 futures CFDs.
As for Raw Spread account, IC Markets specifically provides it with the following instruments and leverage:
Payment Methods
IC Markets offers their clients a variety of deposit and withdrawal options, with only cryptocurrencies missing. Although there are no internal costs, all bank wire transfers are charged a fee of $20 with third-party payment processor costs apply. Withdrawals are processed within the same day as long as received before noon AEST/AEDT. Both funding and withdrawal are available via many methods that you should check before to determine which one is the most efficient for you:
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
IC Markets also provides payment with Crypto, UnionPay, Credit/debit cards and BPAY
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, IC Markets offers you MetaTrader 4, MetaTrader 5, cTrader, webIRESS and ProDeal.
- MetaTrader 4: The MetaTrader 4 platform includes a broader range of technical indicators and orders, including one-click trading solutions, customizations for market depth analysis, advanced charting tools, Expert Advisers, and extensive back-testing options.
- MetaTrader 5: The MT5 platform offers an upgraded and expanded version of the MetaTrader 4 platform.
- cTrader: This trading platform is custom-made for an ECN trading environment. This includes automated trading software and is available on mobile desktops and the web. Traders who want to use auto-trading have three options to choose from; ZuluTrade, Myfxbook’s AutoTrade and Signal Trader’s mirroring technology.
Unique Features
Designed to provide an enhanced trading experience, IC Markets includes some unique features:
- MAM/PAMM solutions
- VPS servers with three providers can be obtained free of charge if the trader's monthly trading volume exceeds 15 lots.
- Myfxbook Autotrade and ZuluTrade cater to the needs of social trading.
- The Advanced Trading Tools suite upgrades MT4 and into a competitive trading platform with features 20 exclusive trading tools.
Research and Education
One of the areas in which IC Markets is extremely strong is a blog that offers high-quality research and trading ideas. Users can select from six categories:
- Fundamental Analysis
- Technical Analysis
- WebTV by Trading Central
- Getting Started: educational platform with the video tutorials and then the 10-lessons
- Webinars: seven experts host them in English, Spanish, Chinese, Portuguese, and Thai.
- Podcasts: hosted by two presenters, add value and remain very popular among a younger generation of traders.
Bonuses and Promotions
Presently, bonuses and promotions are not available. Instead of using short-term marketing tactics to increase revenue, IC Markets chooses to offer competitive trading costs and ECN accounts with raw spreads to attract loyal clients.
Customer Support
Do you have any question or find any trouble related to IC Markets? If you do, you should reach IC Markets's support to get the information that you need. Here is the detail of the broker's customer support:
- Access to multilingual support
- Live chat 24/7.
- Additional options include e-mail and toll-free numbers.
- The Help Center attempts to answer the most common questions.
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About IC Markets
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if IC Markets is a good broker for you or not by reviewing the criteria. In general, IC Markets provides trading service in Forex , CFD , Bonds and Crypto . As for the payment methods, you can choose between Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer. The customer support is available via Email, Office and Phone.
The starting capital in IC Markets is $200.
IC Markets is regulated by ASIC ACN 123 289 109, CySEC 362/18, SCB SIA-F214 and The Financial Commission 25.11.2021. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
IC Markets is a brokerage company offering trading services for clients since 2007 with offices in Australia, Cyprus, Bahamas, China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates and United Kingdom.

Jan 16 2023

Feb 13 2023

Feb 8 2023

Feb 1 2023

Jan 10 2023

Jan 4 2023