• Leverage: 1:500 / 1:30
  • Min. deposit: $200 ($1)
  • Platforms: MT4, MT5, cTrader
  • Regulation: ASIC, CySEC
  • HQ: Australia
  • Found in: 2007

IC Markets Licences

  • IC Markets – authorized by ASIC (Australia) registration no. ACN 123 289 109. AFSL 335692
  • IC MARKETS (EU) LTD – authorized by CySEC (Cyprus) registration No 362/18

What is IC Markets?

IC Market was founded in Sydney, Australia in 2007. It was formed by financial analysts to help reduce the gap between retailers and clients providing trading solutions. Initially, the company was majorly based in Australia but over the years it has grown and has several companies around the world. It has a branch in Cyprus that caters to the European market. Additionally, it has a Chinese Support Center, meaning it has also entered the market in China. As of right now IC Markets is one of the biggest and most reliable brokers in the world.

Some of the key things that make it the number broker in the market include:

  • It possesses scalable executions and its cost is low. This fits nicely for you as an expert advisor on Metatrader and cTrader platforms.
  • The brand maintains high regulatory status in both one-tier and two-tier jurisdictions. This ensures it is safe for CFDs, forex and crypto trading.
  • It contains third-party research and trading tools on Meta Trader hence making it the best Metatrader broker currently.

Is IC Markets safe or scam?

Now, you might be wondering how safe is the IC Market platform? If most retail investors lose their money when trading CFDs it is important to have a trusted place to trade with your money.

IC Market has an average trust score of 85% out of 100%. Therefore, it is a low risk company. Additionally, it does not own a bank and it is not publicly traded. The company is regulated by the best. One-tier, two-tier, and three-tier authorities regulate it.

Among the bodies that regulate this broker company are:

  • The Australian Securities and Investments Commission (ASIC)
  • The Seychelles Financial Supervisory Authority (FSA)
  • The Cyprus Securities and Exchange Commission (CySEC)

Regulation from these external reputable authorities ensures that the IC Market broker is a safe place for you and your money.

IC Markets Pros and Cons

The account opening process is super easy and fast.Despite them having a well-organized team for customer support, they usually have long live chat queues.
The deposit and withdrawal are fast and free of charge.IC Market has a very limited product selection compared to other big brokers.
The site is user-friendly.It also has a high financing rate for CFDs.
It has an excellent selection of platforms such as cTrader, MT4, and MT5 trading platforms.Cryptocurrency instruments have big spreads.
It has educational materials on board to assist its clients for free.
It has the best customer support team working around the clock (24/7) to ensure you are well assisted in any way.


Leverage is a loan given by a broker to a client (trader) to enable them to trade and increase their earnings. In the IC Market, a trader can get leverage of up to 1:500. This figure is great for traders that have low investment amounts to cover margins.

Leverage will help you multiply your gains tremendously. However, you should also bear in mind that losses can occur and exceed your initial deposit amounts, luckily IC Markets have negative balance protection so you don’t have to worry about this with this broker. However, it is important to learn carefully how to set up leverage to a certain trading strategy. Additionally, use the tool wisely.

If you are looking to get leverage for your dealings, here are the allowed amounts.

  • 1:500 for international proposals.
  • 1:500 is the maximum allowed limit for any Australian client.
  • 1:30 is the possible limit amount for clients residing in Europe.

Account Types

IC Market provides traders with three account types all with the same power and compatibility. There is a commission-free standard account, two commission-based accounts. These accounts are well crafted to meet the needs and expectations of a wide range of trading styles. The Raw Spread and Commission Charge accounts offer MT4 and cTrader platforms options.

The commission-based Raw Spread trade account is an excellent choice for high-volume and high-frequency traders. Moreover, the commission-free standard version is ideal for scalpers who are scalping major currency pairs. Besides, these accounts are available in multiple currencies worldwide, up to 10 currencies.

More of this information is available on the company’s website. The accounts receive support from a multilingual customer team that is well trained. Furthermore, they are fully segregated from the company’s funds.

Lastly, there is also an Islamic account available for those that follow Sharia laws. In this account, swap rates are replaced by a fixed commission per lot. Additionally, the account comes with a risk-free demo account for both MT4 and cTrader platforms.

Fees and spreads

The company has different fees for all its accounts. The fees are different depending on the account you choose and the trading platform you are on. Moreover, since IC Market has many branches, each branch has its fees depending on the location.

  • 0 Deposit fees
  • 0 Withdrawal fees
  • 0 Inactivity Fees

Spreads and commisions

The company’s commission-free forex trade costs begin with a minimum of 0.6 pips or $6 cost for a 1.0 standard lot. If you are a high-frequency trader you could consider looking at the commission-based alternative with raw spread beginning from 0.0 pips.

Here the average commisions and spreads for the major assets at IC Markets.

Snapshot of IC Market’s spreads

Trading Instruments

When trading with IC Market, traders have 13 cryptocurrency pairs and 61 currency pairs. This places this company in the epicenter of other trading companies. IC Market boasts 1659 equity CFDs and 25 index CFDs. This provides its traders with an outstanding selection. To make it even the best option for you, it also has 22 commodity CFDs, 11 bond CFDs.

Generally, it has an outstanding and sensible choice of trading tools you can use.

Trading Platforms

IC Market has cTrader, MT4, and MT5 trading platforms. These are the main trading platforms used to trade today. The company also has an MT4 advanced trading tools upgrade that its customers can make full use of. Additionally, it possesses 20 unique trading instruments to guarantee that the traders have a competitive edge.

IC Market also has a VPS hosting tool. This tool is important for algorithmic traders. Furthermore, it has MAM/PAMM modules support. The company also enables copy trading. This is done via Myfxbook Autotrade and ZuluTrade.

Moblie Trading

As a trader, you need to remain updated even when on the go, or when enjoying night-outs with friends. IC Market has mobile apps that will ensure you are always updated on how the market is fairing. Furthermore, all the platforms (cTrader, MT4, and MT5) can be accessed via mobile devices to allow you to control the positions and manage your accounts.

Desktop Trading

You can access these platforms via the company’s website or your browser. Moreover, you can also install a desktop version and enjoy the customization the platforms have to offer. IC Market has some of the best tools you can use today to trade. It has very useful additions and extensions such as market depth, spread monitor, one-click trade module, trade risk calculator, and advanced order type. The latter is a new addition that was currently missing.

Deposits and Withdrawals

Accounts deposits are free with IC Market. the trader can deposit and withdraw funds from his or her account from anywhere through:

  • PayPal
  • Credit / Debit Cards
  • Bank Transfer
  • Skrill, WebMoney, Qiwi
  • China Union
  • FasaPay and others

Trading with IC Market is your best choice since it has a minimum deposit of $200 to initially open an account(after that you can deposit as low as $1), unlike many trading sites. This makes it affordable even for the low traders or beginners who are just getting started.


Withdrawing money from your wallet is free for bank transfers to Australian banks, cards both credit and debit, and electronic wallets.

However, international bank transfers incur charges of AUD 20. Additionally, third-party payments processors apply. If you are looking to withdraw money from your account through bank transfers.

Usually the withdrawal time is 1-2 days depending on the withdrawal option and country of your residence.

Education and Research

IC Market takes good care of its clients. It has a technical team that is highly specialized in the forex industry. Thus, they provide superior research and trading ideas to their clients. It has six categories including Technical Analysis, Fundamental Analysis which are brilliant reads. Furthermore, it has WebTV that ensures you have enough research materials to look at.

Moreover, it has enough educational materials that complete novices can make use of to familiarize themselves with the trading. There are video tutorials, short trading courses, webinars, and podcasts, which provide helpful and useful trading materials you can use. These are hosted in various languages including English, Chinese, Thai, Spanish, and Portuguese.

Customer Support

You have access to 24/7 customer support to assist you every time. The company aims to provide you with the best technological solutions, but to do this there must be excellent customer support. IC Market’s customer support team has all the necessary tools to ensure your operations are smooth and swift.

The company has a help center that provides all the necessary information you need. Additionally, there is a live chat option that you can also make use of. This gives you quick access to a representative. The company has phone support if you have critical questions. Finally, there is a callback option available for use.


RegulationASIC, CySEC
PlatformsMT4, MT5, cTrader
InstrumentsForex, Commodities, Energies, Equities, Futures CFDs, Stocks, Bonds, Cryptocurrencies
Demo AccountAvailable
Min. Deposit$200
EUR/USD Spread0.0
EducationAvailable free of charge
Customer Support24/7

IC Market offers the best trading experience among other market providers. It is the best option for algorithmic traders, high-frequency traders, and its execution speeds are great. It has deep liquidity that results in raw spreads of 0.0 pips for various currency pairs. It also has competitive spreads followed by low commissions. It has high trading volumes compared to its competitors because of its automated trading strategies.

Additionally, it has a minimum deposit of $200, which is very low compared to other sites in the industry. The education and research are as excellent as the qualified professionals leading it. Thus, if you are new to trading, IC Market could be your excellent choice.

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