IC Markets Broker Overview

IC Markets Broker Overview title=
4.8/5
IC Markets began operations in 2007 and is a well respected CFD broker, servicing 180,000 clients around the world.
Min. deposit
$200
Demo account
Yes
Currency
AUDCADCHFEURGBPJPYUSD
Supported languages
EngJpnRusSpa
Active
Yes
Payment Methods
BPAYCredit CardFasaPayGiropayMastercardNetellerPayPalPOLiQIWIRapid TransferSkrillUnionPayVisaWire Transfer
Instruments
CFDCryptoForexFutures
Min. trade price
0.01 Lots
Regulated By
ASICCySECFSA
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
Yes
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
Yes
MAM Account
Yes
PAMM Account
Yes
LAMM Account
Yes
Demat Account
No
Mobile Apps
iOS, Android and Windows
Margin Trading
No
Volatility Index
Yes
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
Yes
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
No
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
No
Copy Trading
Yes
Trade Signals
Yes
Islamic Account
Yes
Inactivity Fee
0
Guaranteed Stop Loss
No
Stock Exchanges
Deutsche BoerseLondon Stock ExchangeSIX Swiss Exchange
Commodities
GoldOilOrange JuicePrecious MetalsSilver
Forex Trading
Trade Forex on 0.0 pip spreads with one of the world's leading forex brokers - IC Markets. Great choice for serious traders. ASIC regulated.
Forex GBPUSD Spread
0.5 pips
Forex EURUSD Spread
0.1 pips
Forex EURGBP Spread
0.5 pips
Forex Assets
56+
Crypto Spread
BTC 0.4%, ETH 1%
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BCH, BTC, DASH, EMC, EOS, ETH, LTC, NMC, PPC, XRP
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4.8,
according to 28881 reviews

4.5 Stars
Micky
Micky
stars
pe
The IC Markets customer service service attended me Justina is patient, she explains well I had a problem with the calculation of leverage in shares, she helped me almost traded more than the margin in shares. Justina knows a lot except my account ... I am very grateful to her, thank you very much Justina

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DM DESIGN
DM DESIGN
stars
be
So far best Customer Support i've seen been in this platform for 9 months now always got answered and resolved issues in matter of seconds and the Team is very very patience which in my view is the most Key factor while helping others

View all

Zain Tariq
Zain Tariq
stars
gb
had a deposit issue. But the customer support was very helpful in sorting it out and reassured me all was well and they just had a slight delay. As i was chatting with customer support my deposit had come through. IC markets has always been great in resolving any issues ive had and have always paid my withdrawals on time.

View all

Casper
Casper
stars
bs
You all need to give Mrs. Dimitra a raise for her service, and Im not kidding at all. She did a wonderful, in fact, amazing job at helping me. Especially in comparison to previous conversations Ive had with other people. She was not automated or answer back to me as if she was a robot. She made me feel as though I was actually being helped by another human being who was genuinely concerned about helping me. She did exactly what was needed. She answered all my questions without making me feel as if I was being too much for her, and she went over and beyond sending me pictures and actually plugging in the information I needed just for me, even after she sent me the links where I could have done it myself. I really appreciated Dimitra and will always be asking for her if I need anythinggg

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Jas Huang
Jas Huang
stars
sg
Best broker ever. Quick response from support. Defnitely the lowest spreads and commisions one can find. Very reliable and trustworthy indeed! Thank you IC Markets for the many years of great exprience!

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danny sharp
danny sharp
stars
gb
ICMarkets is an EXELENT broker, never any issue's fast deposits and withdrawals, fast live chat if you have issues which ALWAYS get resolved. Could not ask for a better broker, i would 100% recommend!

View all

Content

IC Markets began operations in 2007 and is a well respected CFD broker, servicing 180,000 clients around the world.

IC Markets is a highly-favored broker which is regulated in four jurisdictions and offers more than 2,000 trading products including stocks, forex, indices, commodities, bonds, and cryptocurrency CFDs.

Its competitive trading conditions on its different account types has earned it a 4.9 out of 5 rating on TrustPilot.

IC Markets provides its services to many traders around the world, but doesn’t accept clients from the US, Canada, Israel, New Zealand, Iran, or North Korea.

Let’s dig into the pros and cons of this broker so you can see if it is right for you.

IC Markets Trading Terms and Product Offerings

IC Markets Trading Terms and Product Offerings

IC Markets offers a total of more than 2,000 forex, stock index, cryptocurrency, stock, bond, and commodity CFDs.

IC Markets offers up to 500:1 leverage on the three trading accounts it offers. The minimum amount to open an account is also the same for all: $200 (or equivalent in other currencies).

ic-markets-trading-terms

The Raw cTrader and Raw MetaTrader accounts both offer the lowest spreads, but cTrader has a lower commission rate. We’ll discuss the differences between these two trading platforms in the next section.

The Standard account (MetaTrader) has a higher average spread but no commissions. Other than the spreads and commissions, all the accounts offer the same features.

Here are the financial instruments you can trade, all via contracts for difference (CFD):

  • 61 forex pairs
  • 25 indices
  • 20 commodities
  • 2,100 stocks
  • 9 bonds
  • 21 cryptocurrencies
  • 4 futures contracts

The following are spreads you can expect to see on various account types.

AssetStandard Account

Spread (Avg)

Raw Accounts

Spread (Avg)

EURUSD0.62 pips0.2 pips
GBPUSD0.83 pips0.23 pips
USDCAD0.85 pips0.25 pips
USDJPY0.74 pips0.14 pips
Silver1.8940.894
Gold2.0831.083
S&P 5000.4920.492

IC Markets does not offer trading on binary options.

Further reading

IC Markets Trading Platforms

IC Markets Trading Platforms

Most forex brokers only offer MetaTrader 4 and 5, which IC offers. However, they also offer cTrader, which is a great platform for active traders.

Meta Trader software is created by Meta Quotes and is offered by many brokers. It’s simple, functional, and offers extensive programming and plugin capabilities. This means traders can create or download additional indicators or even trading robots.

MT4 and 5 are available via desktop platform (download) for PC and MAC, webtrader, as well as via an iPhone or Android app. With the webtrader, you don’t need to download anything; you can just log in to your account on the broker’s site and start trading.

The platform cTrader is an alternative that IC Markets offers which is ideal for active traders. Plus, IC Markets offers lower commissions if you use cTrader. The platform is created by Spotware Systems and is licensed to IC Markets.

ic-markets-trading-platforms

With cTrader, you’ll also have access to Level II pricing. This shows the size of the bids and offers around the current price. Traders can use this as a tool to assess buying and selling strength.

The platform cTrader also provides something called Smart Stop Out. If your account falls below the required margin for a position, instead of closing the position (which is what most platforms and brokers do), Smart Stop Out closes only a fraction of the largest position in order to bring the account back within the margin requirement.

An app version of all these platforms lets you manage positions on the go. Copy Trading, a function that allows you to copy the trades of successful traders you select, is also available via cTrader.

Further reading

IC Markets Funding and Withdrawal Options

IC Markets Funding and Withdrawal Options

IC Markets does not charge any of its own fees on deposits or withdrawals, but be aware that each payment processor may charge its own fee.

ic-markets-funding

Here are the ways you can deposit and withdraw funds from an IC Markets account:

Credit and debit cardsAUD USD JPY EUR NZD SGD GBP CAD
PayPalAUD USD JPY EUR NZD SGD GBP CAD HKD CHF
NetellerUSD AUD GBP EUR CAD SGD JPY
Neteller VIPAUD GBP EUR CAD SGD JPY
SkrillAUD USD JPY EUR SGD GBP
Union PayRMB
Wire TransferAUD USD JPY EUR NZD SGD GBP CAD CHF
BpayAUD
Broker to BrokerAUD USD JPY EUR NZD SGD GBP CAD CHF HKD
PoliAUD
Thai Internet BankingUSD
RapidpayEUR GBP
KlarnaEUR GBP
Vietnamese Internet BankingUSD

Withdrawal requests are processed on the day they are received. The cutoff is 12:00 AEST/AEDT. If the request is received after this time, it will be processed on the following business day.

For processing times, check with each payment provider to see how long it may take to send or receive or funds.

Further reading

IC Markets Promotions and Deposit Bonuses

IC Markets Promotions and Deposit Bonuses

IC Markets is not currently running any promotions, but special promotions and deposit bonuses may be available soon.

At the time of writing, IC Markets is not offering any deposit bonuses or promotions.  However, they always offer 0% fees on deposits and withdrawals.

They also offer something many forex brokers don’t: Level II or Market Depth data. Level II data shows the bids and offers around the current price, and it is available for free on the cTrader platform.

Should IC Markets offer any upcoming promotions, we’ll be sure to keep you posted.

Further reading

Are my funds secure with IC Markets?

Are my funds secure with IC Markets?

IC Markets keeps clients’ funds in separate accounts, which is important for your asset security.

This is called segregated funds, and most reputable brokers offer this. A segregated account means your account balance is held in trust, separate from the broker’s money.

are-my-funds-secure-with-ic-markets

This means if the broker goes bust, you’ll get most or all of those funds back (less a fee the trustee charges to distribute the funds in the event of a broker bankruptcy).

Segregated funds are a great thing to have and look for in a broker, along with being regulated.

Further reading

Is IC Markets Regulated?

Is IC Markets Regulated?

Always choose to deal with a regulated broker. Regulated brokers are subject to regulatory oversight and must adhere to local laws.

IC Markets is regulated by four different regulatory bodies.  Raw Trading Ltd (Trade Name: IC Markets Global) is regulated by the Financial Services Authority of Seychelles (FSA).

International Capital Markets Pty Ltd (AU) is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets (EU) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySec). IC Markets Ltd. (International) is regulated by the Securities Commission Bahamas (SCB).

To avoid getting scammed, always check a broker’s regulations. If they’re regulated in more than one place, all the better. That means they had to jump through more hoops and have been vetted by more organizations.

Further reading

How Do I Contact IC Markets’ Support?

How Do I Contact IC Markets’ Support?

IC Markets support is easy to get a hold of and has quick response times.

how-do-i-contact-ic-markets-support

You can give IC Markets a call 24 hours a day, seven days a week. Wait times are usually under five minutes.

General: +2484671976

Brazil: +558008783054

Thailand: +661800011956

Indonesia: +6280332160329

Colombia: +5718005190364

Vietnam: +8412032513

You can also send them an email and expect a response within 24 hours.

Client Relations: clientrelations@icmarkets.com

Support: support@icmarkets.com

Accounts: accounts@icmarkets.com

Marketing: marketing@icmarkets.com

You can also send them a message from their contact us page.

Before contacting support, it’s worth checking out the Help Centre which includes answers to commonly asked questions. In the bottom right corner of the Help Centre, you’ll also see a chat icon. Click on it to access live chat support.

Support is available in English, Spanish, French, Japanese, and Chinese.

Further reading
FAQs

FAQs

How long does it take to withdraw from IC Markets?

Withdrawals are approved the day they are received, with a 12:00 AEDT/AEST cutoff. If a withdrawal request is received after that, it is approved the next day. How long it takes funds to reach your account also depends on the payment processor you’re using.

What is the commission on IC Markets?

There is no commission on Standard accounts. There’s a commission of $3.5 per standard lot on Raw MetaTrader and $3 per standard lot on Raw cTrader accounts (or equivalent fee in other account currencies).

Does IC Markets accept US clients?

JustMarkets does not accept US residents. If you’re looking for a forex broker that accepts US clients, read our review on Oanda.

Does IC Markets accept Canadian clients?

IC Markets does not accept Canadian clients. If you’re looking for a broker that accepts Canadian clients, check out our review on FXCM. IC Markets also doesn’t accept clients from the US, Israel, New Zealand, Iran, or North Korea.

Is IC Markets a scam?

IC Markets is not a scam. It is regulated in several jurisdictions and has a 4.9 out of 5 rating on TrustPilot. It has been in business since 2007.

Final Thoughts on IC Markets as a Broker

IC Markets is a great broker choice if you live in an area where its services are offered. Raw spreads averaging 0.2 pips on the EUR/USD is highly competitive, and while you may find commissions below $3 per lot, that is a competitive commission cost.

The offering of cTrader is also advantageous compared to many other brokers who only offer MT4 and MT5. While MT4 and 5 are functional platforms, day traders especially will appreciate the ease of use, market depth, and built-in tools offered by cTrader.

In addition, IC Markets is regulated in multiple jurisdictions, offers segregated client accounts, and has a 4.9 / 5 rating on TrustPilot.

If you are looking for a forex or CFD broker offering trading on stocks, indices, commodities, and more, IC Markets is a quality choice. Check out more Forex Broker Reviews here.

Looking for a broker with tighter spreads? See our review on IC Markets, as well as other Forex Broker Reviews.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.

Further reading