If you’re searching for a reliable Forex and CFD broker, you’ve probably come across IC Markets. But is it the right choice for you? In this detailed IC Markets review, we’ll cover everything you need to know—including trading conditions, fees, platforms, and more—to help you decide.
What Is IC Markets?
IC Markets is an online Forex and CFD broker founded in 2007. It’s known for offering low spreads, fast execution, and deep liquidity, making it a favorite among scalpers, day traders, and algorithmic traders.
The broker is regulated by:
- ASIC (Australia)
- CySEC (Cyprus)
- FSA (Seychelles)
This regulation ensures a secure trading environment, but it’s important to choose the right entity based on your location and needs.
IC Markets Key Features
1. Trading Instruments
IC Markets offers a wide range of trading assets, including:
- Forex (70+ pairs)
- Indices (20+ markets)
- Commodities (Gold, Oil, Silver, etc.)
- Cryptocurrencies (Bitcoin, Ethereum, etc.)
- Stocks & ETFs (200+ options)
- Bonds & Futures
2. Trading Platforms
IC Markets supports three main trading platforms:
- MetaTrader 4 (MT4) – Best for beginners and expert traders.
- MetaTrader 5 (MT5) – Advanced features for algorithmic trading.
- cTrader – Great for ECN trading with tight spreads.
All platforms are available on desktop, web, and mobile (iOS & Android).
3. Account Types
IC Markets offers three account types:
| Account Type | Spreads | Commission | Minimum Deposit |
|---|---|---|---|
| Standard | From 1.0 pips | $0 | $200 |
| Raw Spread (MT4/MT5) | From 0.0 pips | $3.5 per lot | $200 |
| cTrader Raw Spread | From 0.0 pips | $3.0 per lot | $200 |
- No dealing desk (NDD) execution ensures fast trades with no requotes.
- Leverage up to 1:500 (depending on regulation).
4. Fees & Spreads
- Low spreads (from 0.0 pips on Raw accounts).
- No deposit or withdrawal fees (but payment providers may charge).
- Inactivity fee: $15/month after 12 months of no trading.
5. Deposits & Withdrawals
IC Markets supports multiple payment methods, including:
- Credit/Debit Cards (Visa, Mastercard)
- Bank Transfers
- E-Wallets (Skrill, Neteller, PayPal, etc.)
- Cryptocurrencies (Bitcoin, USDT, etc.)
Withdrawals are processed within 24 hours, making it one of the fastest brokers.
IC Markets Pros & Cons
✅ Pros
✔ Ultra-low spreads (great for scalping & high-frequency trading).
✔ Fast execution speeds (under 1ms on average).
✔ No restrictions on trading strategies (scalping, hedging, EAs allowed).
✔ Strong regulation (ASIC, CySEC).
✔ Multiple funding options with no deposit fees.
❌ Cons
✖ No investor protection for non-EU/AU clients.
✖ Inactivity fee after 12 months.
✖ Limited educational resources compared to competitors like Pepperstone.
Is IC Markets Safe & Legit?
Yes, IC Markets is a trusted broker regulated by top-tier authorities. However, traders outside Australia and Europe are served by the Seychelles entity (FSA), which offers less protection.
IC Markets vs Other Brokers
| Feature | IC Markets | Pepperstone | XM |
|---|---|---|---|
| Spreads | From 0.0 pips | From 0.0 pips | From 1.0 pips |
| Commission | $3.5/lot | $3.5/lot | $0 |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:1000 |
| Regulation | ASIC, CySEC | ASIC, FCA | CySEC, ASIC |
IC Markets is best for traders who want tight spreads, fast execution, and support for algorithmic trading.
Final Verdict: Is IC Markets Worth It?
IC Markets is an excellent choice for active traders who need low-cost trading, fast execution, and ECN conditions. However, beginners might find the platform less educational compared to alternatives.
Who Should Use IC Markets?
✔ Scalpers & day traders (thanks to low spreads).
✔ Algorithmic traders (supports Expert Advisors).
✔ High-volume traders (deep liquidity & fast execution).
Who Should Avoid IC Markets?
✖ Beginners needing extensive education.
✖ Traders who prefer fixed spreads.
How to Open an IC Markets Account
- Visit the IC Markets website.
- Click “Start Trading” and choose an account type.
- Fill in your details and verify your identity.
- Deposit funds (minimum $200).
- Start trading on MT4, MT5, or cTrader.
Conclusion
IC Markets is a top-tier ECN broker with competitive spreads, fast execution, and strong regulation. While it may not be ideal for complete beginners, it’s a great choice for serious traders looking for a low-cost, high-performance trading environment.
If you’re searching for an IC Markets review that covers all the essentials, we hope this guide helps you make an informed decision.
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