IC Markets Forex Broker Reviews

[2025 Real Test] IC Markets Comprehensive Review: Regulation, Fees, Platform and User Experience Analysis

Looking for 2025 IC Markets reviews? This article provides an in-depth analysis of IC Markets forex broker regulation, true ECN trading costs (spread and commission), MT4/MT5/cTrader platforms, account types, and deposits and withdrawals. Understand whether IC Markets is a safe and reliable low spread trading choice.
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IC Markets Company Introduction Official Website Link 

IC Markets is a globally recognized forex and CFD (Contract for Difference) broker established in 2007 in Sydney, Australia. It is renowned for providing a true ECN (Electronic Communication Network) trading environment, highly competitive spreads, fast order execution, and support for multiple powerful trading platforms including MetaTrader 4, MetaTrader 5, and cTrader.

IC Markets offers an extremely wide range of financial products covering forex, indices, stock CFDs, commodities, bonds, futures, and cryptocurrency CFDs. It is committed to providing retail and institutional clients worldwide with top-tier trading conditions usually available only to large institutions, deep liquidity, and excellent customer service.

IC Markets Quick Overview 

Item  Details 
Year Established 2007
Headquarters Sydney, Australia
Main Regulators ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas)
Market Instruments Forex, Stock CFDs, Index CFDs, Instrument CFDs, Bond CFDs, Futures CFDs, Cryptocurrency CFDs
Min. Deposit $200 USD
Max Leverage Up to 1000:1 (depending on regulation and client type)
Main Platforms MT4, MT5, cTrader, WebTrader, Mobile Apps
Demo Account Yes (unlimited virtual funds)
Customer Support 24/7 multilingual online support

Pros and Cons 

Pros  Cons 
  • Extremely low trading costs (Raw Spread account spreads start from 0.0, competitive commissions)
  • True ECN execution environment, fast and reliable
  • Multiple platform options (MT4, MT5, cTrader)
  • Wide range of tradable products
  • Regulated by multiple authorities (including ASIC, CySEC)
  • Low $200 minimum deposit threshold
  • No deposit/withdrawal fees (charged by IC Markets), usually no inactivity fees
  • Excellent 24/7 customer service
  • Educational resources are relatively basic, with room for improvement in depth and breadth
  • Limited proprietary in-depth market research content
  • Lower retail client leverage under ASIC and CySEC regulation
  • Less brand promotion and additional services, more focused on core trading

Is IC Markets Legitimate? 

Yes, the IC Markets group is authorized and regulated by well-known financial regulatory bodies in multiple jurisdictions, ensuring the legality of its operations and commitment to client fund security.

Regulator  Regulated Entity  Status/License Number 
ASIC (Australia) International Capital Markets Pty Ltd Regulated (AFSL 335692)
CySEC (Cyprus) IC Markets (EU) Ltd Regulated (362/18)
FSA (Seychelles) Raw Trading Ltd (IC Markets Global) Regulated (SD018)
SCB (Bahamas) IC Markets Ltd Regulated (SIA-F214)

Market Instruments 

IC Markets offers an extremely rich selection of trading options and is one of the brokers with the most comprehensive product ranges in the market.

Tradable Assets  Supported (Approximate Quantity) 
Forex Yes (over 60 pairs)
Stock CFDs (Share CFDs) Yes (over 2100)
Index CFDs (Indices) Yes (over 25)
Precious Metals CFDs (Metals) Yes (Gold, Silver, Platinum, Palladium)
Commodities CFDs (Commodities) Yes (Energy, Agricultural products)
Bond CFDs (Bonds) Yes
Cryptocurrency CFDs (Cryptocurrencies) Yes (over 20, 24/7 trading)
Futures CFDs (Futures) Yes (including VIX)

Account Types and Fees 

IC Markets offers three core account types, all with a minimum deposit of $200 USD, and Islamic Accounts are available upon request.
Important Reminder: Forex brokers’ account types, terms (such as minimum deposit, leverage, spreads, commissions), and related promotions frequently change. The account information provided in this review is based on publicly available data at the time of writing. To ensure you get the latest and most accurate account details, it is strongly recommended to visit IC Markets’ official website or contact their customer service before making any decisions.

Account Type  Applicable Platforms  Spreads and Commissions 
Standard Account MT4, MT5 Spreads from 0.6 pips, no commission
Raw Spread (MT4/MT5) MT4, MT5 Spreads from 0.0 pips, commission approx. $7 per round lot (depends on base currency)
Raw Spread (cTrader) cTrader Spreads from 0.0 pips, commission $6 per $100,000 traded (round trip)
Note: The Raw Spread account is IC Markets’ main account type, offering institutional-grade raw spreads, highly favored by active traders, scalpers, and EA users.

Trading Platforms 

IC Markets provides industry-leading and diverse trading platform options.

Trading Platform  Supported 
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
cTrader Yes
WebTrader Yes (available on all platforms)
Mobile Apps Yes (iOS & Android, available on all platforms)
Copy Trading Yes (Myfxbook Autotrade, ZuluTrade)
Demo Account Yes

Deposits and Withdrawals 

IC Markets offers more than 15 flexible and usually free deposit and withdrawal methods. The minimum deposit is $200 USD.

  • Credit/Debit Cards: Visa, MasterCard
  • E-wallets: PayPal, Skrill, Neteller, Rapidpay, etc.
  • Bank Wire Transfer: International and local bank transfers
  • Cryptocurrency Wallets: such as Binance
  • Broker-to-broker Transfers 

Note: IC Markets does not charge any deposit or withdrawal fees. Withdrawal requests are usually processed on the same business day (if submitted before 12: 00 noon AEST). It is recommended to check the official website for the most accurate payment options and processing times in your region.

Education and Tools 

IC Markets provides practical learning resources and trading assistance tools.

Resource Type  Available 
Blogs and Market Analysis Yes
Video Tutorials (Platform usage, etc.) Yes
Trading Glossary/FAQ Yes
Economic Calendar Yes (built-in platform or website provided)
VPS Service Yes (free if eligible)
Trading Calculator Yes
Trading Central / Autochartist Yes (usually provided)

Conclusion Official Website Link 

Overall, IC Markets ranks among the top global CFD brokers with its true ECN trading environment, industry-leading low spreads and commissions, fast execution, and comprehensive support for the three major platforms MT4, MT5, and cTrader. Its extensive product selection and excellent 24/7 customer service make it an ideal choice for various active traders, scalpers, and algorithmic traders.

Although its educational resources are relatively basic, its overwhelming advantages in core trading conditions make it the top choice for investors seeking the ultimate trading experience.

Frequently Asked Questions (FAQ) 

Question  Answer 
Which major regulatory bodies oversee IC Markets? IC Markets is regulated by multiple authorities including Australia’s ASIC, Cyprus’s CySEC, Seychelles’s FSA, and Bahamas’s SCB.
What is the minimum deposit for IC Markets? The minimum initial deposit for all account types is $200 USD or equivalent currency.
Which trading platforms does IC Markets offer? IC Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms.
What are the commissions for IC Markets Raw Spread accounts? MT4/MT5 Raw Spread account commissions are approximately $7 per standard lot round trip (depending on base currency) ; cTrader Raw Spread account commissions are $6 per $100,000 traded round trip.
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