IC Markets Broker Review 2025

IC Markets is an international multi-asset brokerage with 10 options for base currency [USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD]. The broker asks for a minimum of $200 deposit.

You have access to over 2,100 stock CFDs on this brokerage. The standard account incurs no trading fees with spreads from 0.8 pips.

IC Markets forex broker [Company Information + Regulation]

IC Markets' parent company was established in 2007 in Australia, but since 2018, it has obtained the required licenses for providing its services to traders from Europe. The company is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC), ensuring a safe and flexible trading environment for its clients.

Key points about IC Markets' regulation and company information:

• Undergoes external audits for operational and accounting processes;
• Segregates client funds in top-tier banking institutions;
• Implements anti-money laundering policies and procedures;
• CySEC clients are covered by the Investor Compensation Fund up to €20,000.

Table of Summary

IC Markets stands out as a reputable online Forex market and CFD broker, offering competitive pricing, low spreads, and fast execution. Here's a quick overview of what makes this broker unique:

Account Types

IC Markets offers three main account types to cater to different trading styles and preferences. We will discuss each type's main features to help you choose one:

• Standard Account: No commissions, spreads from 0.8 pips, fast order execution, $200 minimum deposit, leverage up to 1:500
• Raw Spread Account (MetaTrader 4/5): No spreads, commission of $3.5 per lot per side, ideal for active traders, scalpers, and EA users
• cTrader Raw Spread Account: No spreads, commission of $3 per lot side, leverage up to 1:500, tailored for day traders and scalpers

IC Markets offers Islamic (swap-free) accounts on all major platforms, including MT4, MT5, and cTrader, specifically designed for traders who comply with Sharia law.

These accounts are structurally identical to Standard and Raw Spread accounts but exclude overnight interest (swap) on positions in forex, indices, and metals. For other asset classes, a fixed administration fee ranging from $5 to $80 per lot may apply.

IC Markets Forex Broker Pros & Cons

Let's examine the advantages and disadvantages of trading with IC Markets as a Forex broker:

Despite some limitations, IC Markets remains an excellent choice for algorithmic and high-frequency traders due to its low costs, fast execution, and advanced platform offerings.

How to Open and verify an account

Opening and verifying an account with IC Markets is a straightforward process. Follow the tutorial in the following sections.

#1 Navigate to the Website

Visit the IC Markets website and click on "Client login." Then, click on "open an account" to access the registration form.

#2 Provide Details in the Forms

In the application form, enter these details:

• name
• Email
• Phone number
• Country

 Then, in later stages, fill in the additional necessary details about your identity.

Afterwards, select your trading platform and account type. Eventually, review your information and finalize signing up with the brokerage.

#3 Verification

For account verification, you will need to provide proof of address or proof of identity.

What Platforms and Applications does IC Markets offer?

The broker provides a range of trading platforms to suit different trading styles and preferences among users:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Raw Spread accounts available, institutional-grade pricing, spreads from 0.0 pips;
• cTrader: Order execution with 1 click, user-friendly interface, advanced charting and trading tools;
• Mobile trading apps: Available for iOS and Android devices, Provides monitoring markets and execute trades on the go.

Commissions and Spreads Overview

IC Markets is known for its attractive pricing policies. However, commissions, fees, and spreads in a broker could change depending on the conditions.

• Average: EUR/USD spread: 0.1 pips
• Raw Spread account: Spreads from 0.0 pips
• Standard account: Spreads from 0.8 pips
• Commission on cTrader: $3 per 100,000 USD traded
• Commission on MetaTrader 4: $3.50 per lot traded

Per our investigations, there are no inactivity fees charged by the brokerage.

Deposit and Withdrawal Options

IC Markets provides a vast range of deposit and withdrawal options:

• Bank cards:
  • VISA
  • MasterCard
• Wire transfer
• Electronic payment platforms:
  • Skrill
  • Neteller
  • Google Pay
  • Apple Pay

The broker does not charge additional fees for deposits or withdrawals, but clients should be aware of potential fees from their banking institutions.

Bank Cards

The broker accepts bank card deposits in multiple currencies, including AUD, USD, JPY, EUR, GBP, CAD, SGD, and CHF. The process is instant and free, with funds held in segregated trust accounts at top-tier international banks.

Wire Transfer

Wire transfers are available for both deposits and withdrawals. International transfers may take up to 2-5 business days and may incur additional fees from intermediary or beneficiary banks.

Electronic Payment platforms

IC Markets supports various payment platforms, including e-wallets like PayPal, Neteller, Skrill, and Internet Banking. These options provide quick and secure transactions, with most payments processed instantly.

Copy Trade and Investment Options

This broker offers unique copy trading opportunities through Spotware's cTrader platform. Key features include:

• Automation of high-performance trading strategies
• Complete transparency and control
• Intelligent risk management tools
• Advanced analysis and insights
• Comprehensive strategy profiles
• Multiple platform options (web/desktop/mobile)
• Social trading platform.

Tradable markets and Symbols

The broker provides access to a wide range of global markets:

• Popular indices: Australian S&P 200, UK FTSE 100, US E-mini S&P 500, US DJIA Index
• Forex CFDs: over 60 currency pairs
• Commodities CFDs: more than 25 commodities
• Stocks CFDs: Over 2100 stocks
• Bonds CFDs: 9 bonds available for trading
• Cryptocurrency CFDs: more than 10 cryptocurrencies

Bonus and promotions

IC Markets Global offers several promotional bonuses for new clients in select Southeast Asian countries:

• Welcome Bonus: New clients from Malaysia, Thailand, Vietnam, Indonesia, Singapore, Philippines, and Laos can receive a $30 bonus for opening an account with a minimum $200 deposit and completing 10 qualifying trades.
• Limited Time 10% Deposit Bonus: New clients from the same countries can receive up to $200 bonus (10% of their deposit) for deposits between $200 and $2,000.
• Exclusive Redeemable Bonus: New clients can receive bonuses of $25 or $150 for deposits between $200 and $2,000 (or more) and completing specified qualifying trades.

However, these bonuses have expired, and they are currently unavailable.

Support and customer services

IC Markets prides itself on providing excellent customer support:

• 24/7 customer service
• Multiple contact channels: live chat, phone, and email
• Toll-free numbers for several countries, including Australia, UK, Thailand, Indonesia, Germany, Spain, Brazil, Malaysia, South Africa, and Poland
• Dedicated departments for Client Relations, Support, Accounts, and Marketing
• Office locations in Seychelles, Cyprus, and Australia to serve global clients

Banned Countries

Unfortunately, the mentioned broker does not offer its services to all regions in the world. In some countries, it is restricted or banned and the residents cannot register or verify their accounts in them. These countries might be some of those restricted form IC Markets' services:

• US
• Israel
• Korea
• New Zealand
• Abkhazia
• Iraq
• Iran
• Yemen
• Congo
• Central African Republic
• Afghanistan
• Cuba
• Libya
• Somalia
• Sudan

Office Addresses

IC Markets maintains a strong online presence to serve its global clientele. The broker's main offices addresses:

• Main office address: Eden Plaza, Office 222, Eden Island, Mahe, Seychelles
• Cyprus office address: 86 Franklinou Roosvelt, 4th floor, Office 401, 3011 Omonoia, Limassol, Cyprus

Trust Scores

IC Markets is one of the most reputable and trusted forex brokers, and it has achieved a high place on a famous review website. Some of the scores:

• Trustpilot User Score: 4.8 out of 5
• REVIEWS.io Score: 2.6 out of 5

People have mentioned the good service on the live chat, great support and excellent overall experience as the broker's strengths.

Education Content and Tools

IC Markets offers a comprehensive education section on its website, designed to support traders of all levels:

• Overview of the forex market
• Advantages of forex and CFD trading
• Video tutorials
• Getting started guides
• Technical and fundamental analysis resources
• Insights into factors influencing currency movements

The education materials cover over 200 trading markets, explaining the advantages of forex and CFD trading, such as market transparency and fair price discovery. Video tutorials guide traders on effectively using the trading platforms.

IC Markets Compared to Major Brokers

We will investigate how IC Markets fares against the top brokerages in the industry in the table below:

TF expert suggestions

IC Markets is a global company with a Trustpilot score of 4.8/5, based on more than 37,000 reviews. The broker provides access to more than 2,200 tradable instruments.

The maximum leverage in these markets is 1:500, with a 50% margin call level and a 100% stop-out level.