IC Trading offers multiple trading platforms, such as MetaTrader 4/5, c Trader, and Zulu, with leverage up to 1:500 and a minimum deposit requirement of just $200.
It provides a range of account types, including RAW Spread (MetaTrader), RAW Spread (cTrader), and Standard accounts, allowing traders to choose a setup that best fits their strategy.
IC Trading Company Information & Regulation Status
IC Trading, operating under the IC Markets group, is a Mauritius-registered broker regulated by the Financial Services Commission (FSC). The firm caters to experienced and cost-conscious traders by offering high leverage (up to 1:500), ultra-tight spreads, and access to advanced trading platforms such as MT4, MT5, and cTrader.
IC Trading Broker Summary of Specifics
To give you a clear picture of what IC offers, here's a concise summary of its key features:
Broker | IC Trading |
Account Types | RAW Spread (MetaTrader,cTrader), Standard |
Regulating Authorities | FSC |
Based Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF |
Minimum Deposit | $200 |
Deposit Methods | Credit/Debit cards, PayPal, Neteller, Wire Transfer, Broker to Broker |
Withdrawal Methods | Bank Wire, Credit/Debit cards |
Minimum Order | N/A |
Maximum Leverage | 1:500 |
Investment Options | N/A |
Platforms & Apps | MetaTrader 4/5, cTrader, Zulu |
Markets | Forex, Indices, Commodities, Bonds, Stock, Crypto, Futures |
Spread | From 0.0 |
Commission | From $3 |
Orders Execution | Market, pending orders |
Margin Call/Stop Out | N/A |
Trading Features | Copy Trading, Social Trading |
Affiliate Program | N/A |
Bonus & Promotions | N/A |
Islamic Account | Yes |
PAMM Account | Through Zulu |
Customer Support Ways | Live Chat, Help Center |
Customer Support Hours | 24/7 |
IC Trading's diverse offerings, regulatory compliance, and positive user reviews make it an attractive option for traders seeking a well-rounded trading experience.
IC Trading Forex Broker Account Types
IC caters to various trading styles and preferences through its thoughtfully designed account types:
Raw Spread Account (cTrader)
- Trading platform: cTrader
- Ultra-low spreads, starting from 0.0 pip
- Small commission of $3.0 per $100,000 traded
Raw Spread Account (MetaTrader)
- Platform: MetaTrader
- Perfect for active traders and algorithmic trading enthusiasts
- Spreads from 0.0 pips
- Commission of $3.5 per lot
Standard Account (MetaTrader)
- Platform: MetaTrader
- Suited for discretionary traders
- No commissions
- Spreads from 0.8 pips
IC Trading Forex Broker Advantages and Disadvantages
As with any broker, IC has its own pros and cons. Let's break them down:
Advantages | Disadvantages |
Flexible Account Options | Limited Educational Resources |
Quick, Digital Account Opening Process | Regulated by a Less Stringent Authority (FSC of Mauritius) |
Industry-leading Spreads (as low as 0.0 pips on major pairs) | Limited Financial Transparency Compared to Top-Tier Regulated Brokers |
Ideal for Algorithmic and High-frequency Traders | - |
While IC Trading, compared to the other forex brokers, shines in areas crucial for experienced, price-sensitive traders, it may fall short for beginners seeking comprehensive educational resources.
IC Trading Broker Signing Up & Verification: Complete Guide
IC Trading registration is a fast and convenient process that typically takes under 10 minutes.
#1 Visit the IC Trading Website
Start by navigating to the broker’s homepage. On there, click on “Trade Now”.
#2 Submit Personal Details
Enter your personal details as mentioned below:
- First and last name
- Mobile number
- Country of residence
This initiates the registration.
#3 Provide Financial and Identity Info
You’ll be asked to choose the account type, then input some information, including:
- Date of birth
- Address
- Nationality
- Tax identification number (TIN)
#4 Choose Platform and Currency
Select your trading platform (e.g., MetaTrader), account type (Standard or Raw Spread), and account base currency.
#5 Review and Confirm
Ensure all submitted data is accurate, as any mismatch could delay onboarding.
#6 Set Up Security Question
Add a custom security question and answer to enhance your account’s protection, then click "Submit" to complete the registration process.
#7 Verify Your Identity
Finally, provide proof of identity and proof of address to pass the KYC verification.
IC Trading Forex Broker Platforms
IC Trading offers a robust suite of platforms to cater to various trader preferences:
MetaTrader 4 (MT4)
- Industry-standard platform
- Extensive customization options
- Large marketplace for expert advisors (EAs)
Download Links:
MetaTrader 5 (MT5)
- Advanced version of MT4
- Enhanced charting capabilities
- more available markets, including stocks and futures
Download Links:
cTrader
- Modern, intuitive interface
- Advanced order types and risk management tools
- Built-in algorithmic trading capabilities
Download Links:
IC Trading Forex Broker Spreads and Commissions
IC prides itself on offering some of the most competitive pricing in the industry:
- Raw Spread accounts offer spreads starting from 0
- Variable spreads across all platforms (MT4, MT5, cTrader)
- Deep liquidity from over 25 providers
Commission structure:
- Raw Spread accounts: Small per-lot fee (e.g., $3.5 per standard lot on MetaTrader)
- Standard accounts: No commission, slightly wider spreads (0.8 pips)
IC Trading's transparent pricing model extends across major, minor, and exotic currency pairs and other instruments like commodities, indices, and bonds. This combination of ultra-low spreads and reasonable commissions makes IC Trading particularly attractive for high-volume and high-frequency traders.
Deposit & Withdrawal in IC
IC Trading offers a wide array of funding options to accommodate traders from various regions:
Deposit Methods
Here are the available options for making deposits:
- Credit/debit cards
- PayPal
- E-wallet (Neteller)
- Bank wire transfers
- Broker-to-broker
Note that all deposits must come from an account in the client's name. Processing times vary depending on the chosen method.
Withdrawal methods
You can withdraw funds using these methods:
- Credit/debit cards
- Bank wire transfer
Important Notes:
- Not available in all countries
- withdrawal time up to 10 days in rare cases
Copy Trading & Investment Options Offered on IC Trading
IC Trading offers copy trading services through the cTrader. This allows clients to automatically replicate the trades of other investors or professional traders. This feature is ideal for those seeking passive investment opportunities, as it enables them to benefit from the expertise of experienced traders.
Additionally, it provides flexibility and convenience, allowing users to manage their investments with ease while still having the option to develop and implement their own trading strategies.
IC Trading Tradable Markets & Symbols
IC Trading offers an extensive range of tradable instruments across multiple asset classes:
- Forex Market: Over 60 currency pairs
- Indices: Major global stock indices
- Commodities: Metals & energies
- Stocks: CFDs on shares from major global exchanges
- Bonds: Over 9 Bonds available to trade
- Cryptocurrencies: Major crypto pairs with leverage up to 1:200
This diverse offering allows traders to access a wide range of global markets from a single platform, facilitating portfolio diversification and the ability to capitalize on various market conditions.
IC Trading Bonuses and Promotions
IC Trading appears not to provide any bonuses or promotions at the moment. This means clients won’t encounter sign-up bonuses, deposit bonuses, or other promotional rewards that some brokers offer.
IC Trading Broker Support team
IC Trading aims to provide comprehensive support to its clients through 2 main channels:
- Live chat: Accessible via the website
- Help center: A section on the official site
While IC Trading strives to offer robust support, some users have reported issues with response times and availability. As with any broker, it is advisable to test the support channels before committing to a live account.
IC Trading Broker List of Restricted Countries
It is not explicitly stated whether the IC Trading broker maintains a specific list of restricted countries where clients are prohibited from trading. We will update this page in case of any changes.
IC Trading Broker Trust Scores & Reviews
The broker has received mostly positive reviews from users and various online sources. IC Trading Trust Scores:
- IC trading Trustpilot: 4.7 out of 5 with over 290 user reviews
- ScamAdviser: 100/100 Trustscore
Education on IC Trading Broker
IC Trading falls short in providing educational resources, which can be a disadvantage for traders, particularly beginners aiming to improve their knowledge and skills.
The broker lacks a comprehensive array of educational materials, such as in-depth tutorials, webinars, and extensive market analysis that are typically offered by other brokers.
This shortfall can make it difficult for new traders to get up to speed and for seasoned traders to stay updated on advanced trading strategies and market trends.
Although IC Trading offers some basic educational content, it does not measure up to the robust educational platforms provided by industry leaders.
IC Trading Against Other Brokers
Look at the table below for a comprehensive comparison between IC Trading and other brokerages:
Parameter | IC Trading Broker | AvaTrade Broker | Tickmill Broker | FxGrow Broker |
Regulation | FSC | ASIC, CySEC, CBI, FSA, FSCA, MiFID, ADGM, PFSA, ISA | FSA, FCA, CySEC, LFSA, FSCA | CySEC, MiFID, CNMV, MNB, FINANSTILSYNET, ACPR, KNF, BaFin, FI, HCMC |
Minimum Spread | 0.0 Pips | From 0.0 Pips | From 0.0 Pips | From 0.00001 pips |
Commission | From $3 | $0 | From $0.0 | $8 |
Minimum Deposit | $200 | $100 | $100 | $100 |
Maximum Leverage | 1:500 | 1:400 | 1:1000 | 1:300 |
Trading Platforms | MetaTrader 4/5, cTrader, Zulu | MetaTrader 4, MetaTrader 5, Mobile App, WebTrader | Metatrader 4, Metatrader 5, Metatrader Web, Mobile App | MetaTrader 5 |
Account Types | RAW Spread (MetaTrader,cTrader), Standard | Standard, Demo, Professional | Classic, Raw | ECN, ECN Plus, ECN VIP, Demo |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | N/A | 1250+ | 620+ | 120+ |
Trade Execution | Market, Pending Orders | Instant | Market | Market |
Conclusion and Final Words
IC Trading ensures the security of client funds by holding them in segregated accounts.
The commission on RAW Spread accounts is $3.5 per lot (MetaTrader) and $3 per $100,000 traded (cTrader), while Standard accounts have no commissions.
With a Trustpilot rating of 4.7, the broker enjoys positive feedback for its trading conditions and platform offerings. However, its regulation by the FSC Mauritius (a less stringent regulatory body) may concern some traders.