IC Markets EU offers raw spreads and commission-free trading with an average execution time of 66ms on 2250+ instruments.
The company offers MetaTrader and cTrader platforms with support available 7 days a week.
IC Markets EU; Company Information and Regulation
IC Markets (EU) Ltd operates under the watchful eye of CySEC, one of Europe's most stringent financial regulators, with license No. 362/18.
The company was incorporated in Limassol, Cyprus, on the 25th of June 2018, with registration No. HE 356877. Key features of IC Markets EU:
- Regulated by CySEC;
- Compensation fund of up to €20,000 per client;
- Segregated accounts for client money in accordance with MiFID regulations;
- Leverage options of up to 1:30 for retail clients and up to 1:500 for professional clients;
- Support 7 days a week.
IC Markets EU Specifications
As a CySEC-licensed firm, IC Markets EU operates within a robust regulatory framework, ensuring compliance with both Cypriot and European financial regulations.
Let’s take a quick look at what the broker has to offer.
Broker | IC Markets EU |
Account Types | cTrader Raw Spread, Raw Spread, Standard |
Regulating Authorities | CySEC |
Based Currencies | US, EUR, GBP |
Minimum Deposit | $200 |
Deposit Methods | Visa, MasterCard, PayPal, Neteller, Skrill, Wire Transfer |
Withdrawal Methods | Visa, MasterCard, PayPal, Neteller, Skrill, Wire Transfer |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:30 (1:500 for professional clients) |
Investment Options | Investment Model Portfolios |
Trading Platforms & Apps | MT4, MT5, cTrader, WebTrader |
Markets | Forex, CFDs (Commodities, Stocks, Indices, Crypto, Futures, Bonds) |
Spread | Raw Spreads (with a 0.8 pips mark-up on Standard accounts) |
Commission | Raw Spread account $3.5 per lot per side Standard account $0.0 |
Orders Execution | Market |
Margin Call / Stop Out | 100% / 50% |
Trading Features | CFDs, Demo Trading |
Affiliate Program | No |
Bonus & Promotions | No |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, Ticket, Tel, Live Chat, Chatbot |
Customer Support Hours | 7 days a week |
IC Markets EU Broker Accounts
IC Markets EU offers three main account types, with different fee structures and trading platforms.
Features | cTrader Raw Spread | Raw Spread | Standard |
Trading Platform | cTrader | MetaTrader | MetaTrader |
Min Deposit | $200 | $200 | $200 |
Leverage | 1:30 | 1:30 | 1:30 |
Spreads from (Pips) | 0.0 | 0.0 | 0.8 |
Commission | $3.0 per lot per side | $3.5 per lot per side | $0.0 |
Min Order Size | 0.01 lots | 0.01 lots | 0.01 lots |
Margin Call | 100% | 100% | 100% |
Stop Out | 50% | 50% | 50% |
IC Markets EU Registration and KYC
Opening an account with IC Markets EU involves a straightforward process, adhering to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
- Visit the broker’s official website;
- Click “Start Trading Now”;
- Fill in the “Personal Details” form;
- Adjust the account settings;
- Set a security Q&A;
- Verify your email address;
- Set a strong password;
- Complete the “Appropriateness Assessment”;
- Provide Photo ID and proof of residence (bank statement or utility bill).
IC Markets EU Trading Platforms
We must discuss the trading platforms in this IC Markets EU review. the broker provides traders with access to some of the most popular and advanced trading platforms in the industry, including:
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
IC Markets EU Broker Fees Explained
The company’s fee structure mainly consists of spreads, commissions, and swaps, since it doesn’t charge any hidden or transaction fees.
The standard account has no commissions, but its spreads are subjected to 0.8 pips mark-up.
The Raw Spread account offers market spreads from 0.0 pips with a $7 commission per lot round turn (commission is $6 for cTrader accounts). Note that the commission varies based on the asset class you’re trading.
Asset Class | Commission |
FX | $7 |
Metals | $7 |
Futures | 0 |
Energies | 0 |
Cryptos | 0 |
Equity Indices | 0 |
US Shares | $0.02 per volume |
AUS Shares | 0.1% Of total value |
IC Markets EU Withdrawal and Deposit
The broker provides a variety of deposit and withdrawal options, from Cards to eWallets, to cater to different trader preferences.
- Credit/Debit Cards: Visa and Mastercard;
- eWallets: Neteller, Skrill, and PayPal;
- Wire Transfer: Transactions from four banks, including Alpha Bank, Hellenic Bank, OpenPayd, and Fibank.
Does IC Markets EU Offer Copy Trading or Growth Plans?
Unfortunately, the broker doesn’t offer any investment plans, money management features (PAMM and MAM), or copy trading services.
IC Markets EU mainly focuses on providing CFD instruments for various asset classes.
IC Markets EU Broker Promotions
Due to regulatory compliance, the company offers no bonus, promotion, affiliate, IB, or partnership programs.
The lack of passive income solutions may be a letdown for potential clients who seek to earn by utilizing their influence on a certain group of people.
IC Markets EU Customer Support
The company provides comprehensive support 7 days a week through various channels, including:
support@icmarkets.eu | |
Tel | +35725010480 |
Ticket | Through the “Contact Form” |
Chatbot | Available on the broker’s official website |
Live Chat | Request the Chatbot to connect you to an agent |
IC Markets EU Trust Score
User satisfaction is the most important topic of this IC Markets EU review. The company has garnered generally positive reviews on TrustPilot, gaining a great score of 4.0/5 based on 54 reviews.
Conclusion and Final Words
IC Markets EU provides CFD trading across 7 different asset classes, from FX and Bonds to Futures and Cryptocurrencies.
The company offers MT4/5 platforms with access to Autochartist and TradingCentral tools with a $7 commission and 0.0 spreads.
IC Markets EU broker has a great score of 4.0/5 on TrustPilot. However, the lack of promotional programs (e.g., IB, and Affiliate), copy trading features, and investment plans are the biggest weaknesses in this IC Markets EU review.
