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IC Markets competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets research and education offerings are not as impressive as those offered by industry leaders

  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Offer standard accounts and raw spread accounts
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients

Why to choose IC Markets?

Here is why to choose IC Markets or simply skip it, up to you to choose!

The company was incorporated in Sydney, Providing trading solutions, a group of financial experts established a business in Australia in 2007 with the goal of bridging the gap between retail and institutional clients. Recently, the broker has grown into one of the top trading providers in Australia. It has also expanded outside of Australia, providing services to international and European entities. It also established a Chinese Support center and offers extremely favorable trading conditions.

IC Markets is a broker with a solid reputation and a broad selection of platforms, such as MT4, MT5 and cTrader platform, education provided for free and 24/7 customer support. There is a selection between spread basis and raw spread accounts also various instruments are available.

Conversely, we discovered several spreads that were higher than usual. Proposals vary depending on the company and are larger via offshore entities.

What type of broker is IC Markets?

IC Markets is an ECN trading environment provider that brings true spreads from 0.0 pips from the liquidity suppliers from over 50 different banks and dark pool liquidity sources across 60 forex pairs. IC Markets is a choice for high-volume traders, scalpers, EA traders and robots that can enjoy no dealing desk with no manipulation at the prices.

The execution brings speeds and low latency through fiber optic connects traders’ orders to the market by servers in the NY4 & LD5 IBX Equinix Data Center New York and London.

Is IC Markets safe or a scam

IC Markets is known as a safe broker because all licensed and regulated trading companies are continuously monitored and audited by recognized external authorities.

Is IC Markets legal?

In the case of IC Markets, the broker is incorporated in Australia it does its service regarded by the Australian Securities and Investments Commission (ASIC) license (read more why trade with ASIC Brokers). In addition, IC Markets runs a regulated entity in Cyprus, therefore officially and legally operating trading service for European clients.

With a license and regulation from ASIC, which one of the strictest and most demanding financial regulators, IC Market traders can be 100 percent assured. The money protection provided through multiple regulated ways and includes the client money segregation while accounts accessed by the client only and used for the purpose of facilitating their own trading.


IC Markets offers leverage up to 1:500 that opens the path to the forex market for Retail traders with a quite low or small initial deposit to cover margins. Leverage can increase profits, but you should always keep in mind that losses can also exceed your initial deposit.

Leverage is known as a loan given by the broker to the trader to enable trading with a bigger capital and increase potential gains. However, we would recommend to any trader use tool smartly and read carefully how to set up correct leverage to a particular instrument or trading strategy, as also leverage defined by the IC Markets entity and particular jurisdiction regulations.

Account types

There are three main account types that are having the same compatibility and strength that the company offers, but are created to meet the needs and requirements of various trading styles. Two first account offering raw spread condition and commission charge per trade also offering either MT4 platform of cTrader for your selection.

The accounts come in different currencies., up to 10, and are fully segregated from the company’s funds, and supported by a multi-lingual customer team. Additionally, Sharia-compliant traders can sign for Swap free or Islamic account as an option at IC Markets too, along with risk-free demo account on both MT4 and cTrader that allows the practice of the trading strategy.

Why to choose IC Markets? https://www.icmarkets.com/global/en/
Why to choose IC Markets? https://www.icmarkets.com/global/en/


IC Markets offers various prices defining trading fees for applicable accounts, with the fees varying slightly depending on the platform and account type you select. Also, beware that various IC Markets entities in different jurisdictions may apply its own trading conditions, so be sure to check it out as well.


The Standard Account enabled through MetaTrader4 with CNS VPS Cross-Connect and spread only basis from 1.0 pips. While the True ECN account or Raw Account allows micro lot trading from 0.01 size, deep institutional grade liquidity, ECN spreads from 0 pips and a commission of 3.50$ per 100k traded available at MT4 also.

Spreads on EURUSD averages at about 0.1 pips 24/5, which is as per the IC Markets expert advisors is currently the tightest average EURUSD spread globally.
CTrader ECN account providing nearly the same feature as MT4, but with the difference of the platform that is used by mainly professional traders of a greater size. The applicable spread also starts at 0.0 pips and a commission of 3.00$ per 100k traded that serves execution through Equinix LD5.

Overnight Fee

IC Markets overnight fee or a swap rate determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’. The fee initially varies depending on the currency, but you should constantly be aware of it because it could have a positive or negative impact on your account.

Trading Instruments

The market’s offer variety of features to meet the needs of any trader and all the key trading instruments, as well as both old and new additions Cryptocurrencies. The asset classes consist of FXEquitiesCommoditiesFutures CFDS, Stocks, and Bonds. The IC Markets Crypto trade offers trading pairs with Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash, and Ripple, and allows go long or short with a leverage 1:5 margin of 20% and a minimum lot of 0.01.

Why to choose IC Markets? https://www.icmarkets.com/global/en/
Why to choose IC Markets? https://www.icmarkets.com/global/en/

Deposits and Withdrawals

IC Markets offers 10 flexible funding options in 10 major base currencies AUD, GBP, JPY, HKD, SGD, NZD, CHF, CAD, EUR, USD. Which is great, since you can select the one that’s right for you and prevent additional conversion fees.

Deposit Options

From the client secure area, there is an ability to deposit or withdraw funds throughout:

Cards, PayPal, Bank Transfer including local ones, Neteller, Skrill, WebMoney, Qiwi, China UnionPay, FasaPay and more.

IC Markets minimum deposit

Minimum deposit for IC Markets is 200$ for Standard Account on MetaTrader4, along with other two account types available at IC Markets

Why to choose IC Markets? https://www.icmarkets.com/global/en/
Why to choose IC Markets? https://www.icmarkets.com/global/en/


IC Markets withdrawals allowing to use popular Bank Transfer, WebMoney, Cards and e-wallets, IC markets does not charge additional fees for deposits and apply 0$ fee for withdrawals. Yet, for International Bank Wire withdrawals, IC Markets pass the transfer fees charged by the company banking institution, which is approximately AUD20 that is deducted from the amount of your withdrawal.

How long does it take to withdraw money from IC Markets?

Different forms of payment will process withdrawals in the allotted time, while IC Markets accounting team confirms transactions quite quickly within 1-2 business days.

Trading Platforms

Apart from the sophisticated technical optimization of the execution provided by leading technologies, the IC Markets offers advanced software proposals too. MetaTrader 4 and cTrader are two of the best trading platforms available in the market today, hence IC Markets have both options in their direct access to provided ECN trading environment.

Nevertheless, you can still trade through MetaTrader5 an updated and improved version that is packed with brand new features if you prefer so.

Desktop Platform

There is no need to go into great detail regarding the platform’s characteristics because each one provides powerful trading features. Each of the platforms is available in different versions suitable for use either via Web Platform or directly from your browser or you can install Desktop version and enjoy full customization MetaTrader or cTrader offers.

Overall, IC Markets takes trading to the next level with its extensive features. There are a lot of additions and extensions to the platforms such as a one-click trade module, market depth, spread monitor, trade risk calculator, and advanced order types previously not available on MetaTrader 4.

Mobile Platform

Modern traders can also access mobile apps, which are quite helpful for keeping updated with market conditions while they’re out and about. Likewise, MT4, MT5 and cTrader are available via Android or iOS devices, also permitting account management and control over the positions.

Auto Trading

In addition, Auto trading compatible with all broker’s platforms, EAs at MT4 or MT5 myfxbook at cTrader platform and as an addition, ZuluTrade is available too. ZuluTrade is one of the greatest social trading programs that enables free following of hundreds of trading signals of skilled traders’.

Moreover, if you are willing to go into the partnership with the broker there is an offer by MAM and PAMM multi-account management systems that are flexible and easy to use tools. FIX API delivers a great opportunity for high-volume traders, while VPS (Virtual Private Server) allows running a variety of automated trading strategies with a possibility to get free VPS use (if a required minimum volume of 15 round turn (FX) lots per calendar month is reached).

Customer Support

In addition to providing the best technological solutions, IC Markets recognizes the value of top-notch support and customer service. The broker assistance is available around-the-clock, and IC Markets maintains customer offices in a number of locations so that it can help teams anywhere in the world.


Finally, the IC Markets team has extensive experience in the forex industry and is aware of the precise needs and wants of traders. Educational materials provided on a free basis and provides frequent technical analysis reports, video tutorials, instructional resources, webinars, and more to help with gaining a thorough understanding of the subject.

Research tools are available as well, including inbuilt numerous analysis tools inside platforms, as well as offering IC Markets designed Market Analysis Blog, Economic Calendar and trading ideas available through platforms.


In conclusion, the IC Markets introduced a highly advanced trading product, and you have a variety of options to select from tailor solutions to almost any trading parameter, which instrument to trade, a platform to use, account to open, to use auto trading or social trading, or even become a partner. Indeed, IC Markets technical optimization is among the strongest in terms of platform optimization, tool selection, execution, and support offered.

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