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Match Me

IC Markets Review

James Wilson

Written by

James Wilson
Edith Balazs

Fact Checked by

Edith Balazs

Updated

Jan 4, 2026
Broker review header

93

Trust Score: 93/100

Based on regulatory status, company history, and financial transparency

  • 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 logo

IC Markets

Save Wishlist's

Popular choice

Min Deposit:

$200

Inactivity Fee:

No

Regulated:

Yes

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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.

InstrumentStandardRaw/Pro
EUR/USD0.6-0.8 pips (Standard)0.0 pips + $3.50/side (Raw MT4/5)
GBP/USD1.0 pips (Standard)0.0-0.1 pips + $3.50/side (Raw)
USD/JPY1.0 pips (Standard)0.0-0.1 pips + $3.50/side (Raw)
Gold (XAU/USD)VariableVariable + commission
S&P 500 (US500)0.4 points0.4 points
BTC/USDVariableVariable

Deposit Fee

$0

Withdrawal Fee

Free (international bank wires: $20)

Inactivity Fee

None

Account Maintenance

$0

Non-trading fees

Inactivity fee: No.

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

RegulatorCountryTierLicense
Australian Securities and Investments Commission (ASIC)AustraliaTier-1335692
Cyprus Securities and Exchange Commission (CySEC)CyprusTier-1362/18
Seychelles Financial Services Authority (FSA)SeychellesTier-3SD018

Safety Features

Segregated AccountsYes
Negative Balance ProtectionYes
Investor ProtectionICF (Cyprus) up to €20,000, Segregated accounts, Negative Balance Protection
Compensation SchemeInvestor Compensation Fund (Cyprus) €20,000

Is regulated?

Yes, heavily regulated.

Find your safe broker

Compare Regionally

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

MethodProcessing TimeFeeMin. Deposit
Credit/Debit Card (Visa, Mastercard)InstantFree$200
Bank Wire Transfer1-3 business daysFree$200
PayPalInstantFree$200
Skrill/NetellerInstantFree$200
POLi (Australia)InstantFree$200
CryptocurrencyVariesFree$200

Withdrawal Options

MethodProcessing TimeFeeMin. Withdrawal
Credit/Debit Card3-5 business daysFree$0
Bank Wire Transfer2-5 business days$20 (international)$0
PayPal/Skrill/NetellerInstant - 24 hoursFree$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 TypeMin. DepositKey Features
Standard Account$200
  • • Spreads from 0.6 pips
  • • No commission
Raw Spread Account (MT4/MT5)$200
  • • Spreads from 0.0 pips
  • • Commission $3.50 per side ($7 RT)
Raw Spread Account (cTrader)$200
  • • Spreads from 0.0 pips
  • • Commission $3.00 per 100k ($6 RT)
Islamic Account$200
  • • Swap-free trading
  • • Available on all account types

Verification Steps

  • Time to open: Same day for most applications
  • Demo Account: Yes
  • Islamic Account: Yes
Open Account

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.

IC Markets mobile app screenshot 1
IC Markets mobile app screenshot 2
IC Markets mobile app screenshot 3

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.

IC Markets desktop platform screenshot

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:

Best MT4 BrokersBest MT5 BrokersBest TradingView BrokersBest TradingView Brokers

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

0
Forex Pairs65
Indices25
Stocks2100
Commodities22
Cryptos18

Leverage Limits

InstrumentMax Leverage
Forex30:1 (ASIC/CySEC retail), 500:1 (FSA/Pro)
Indices20:1 (retail), 200:1 (pro)
Stocks5:1 (retail), 20:1 (pro)
Crypto2:1

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Frequently Asked Questions

Yes, IC Markets is regulated by ASIC (Australia - Tier-1) and CySEC (Cyprus - Tier-1). The broker has operated since 2007 with a clean regulatory record, processes $29B+ daily volume, and holds client funds in segregated accounts at top-tier banks. ICF protection up to €20,000 applies for CySEC clients.

IC Markets requires a $200 minimum deposit (or equivalent in other base currencies) for all account types including Standard and Raw Spread accounts.

Standard accounts offer spreads from 0.6-0.8 pips with no commission. Raw Spread accounts offer spreads from 0.0 pips with commission of $3.50 per side ($7 round turn) on MT4/MT5 or $3.00 per 100k ($6 round turn) on cTrader.

IC Markets has no deposit fees, no inactivity fees, and free withdrawals for most methods. International bank wire withdrawals may incur a $20 fee. Commission applies only to Raw Spread accounts.

IC Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView integration. All platforms support automated trading with no restrictions on EAs, scalping, or hedging.

Yes, IC Markets has no restrictions on trading styles. Scalping, hedging, news trading, and Expert Advisors (EAs) are all fully permitted. The True ECN model with 25+ liquidity providers makes it ideal for high-frequency trading.

Yes, IC Markets offers copy trading through IC Social (proprietary app), Myfxbook AutoTrade, ZuluTrade, and MetaTrader Signals. Traders can follow and copy successful traders' strategies.

Leverage varies by regulatory entity. ASIC and CySEC retail clients are limited to 30:1 on forex. FSA Seychelles and professional clients can access up to 500:1 on forex. Lower leverage applies to other instruments.

IC Markets processes $29B+ daily volume with True ECN execution, 25+ tier-1 liquidity providers, Equinix NY4/LD5 data centers for low latency, and no restrictions on EAs or trading styles. This makes it ideal for automated trading strategies.

Yes, IC Markets now offers TradingView integration, allowing traders to use TradingView's advanced charting and analysis tools while executing trades through IC Markets' True ECN infrastructure.
James Wilson

James Wilson

Risk Management • Regulation • Compliance

Author of this review

James is a certified Financial Risk Manager (FRM) and former compliance officer for an FCA-regulated broker. He focuses on evaluating broker safety, regulatory status, and helping traders understand leverage and capital preservation strategies.

Risk Management Specialist — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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