IC Markets EU Broker Review 2025

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

Check out the regulation details of IC Markets EU in the table below:

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.

IC Markets EU Broker Accounts

IC Markets EU offers three primary account types, each with distinct fee structures and trading platforms.

IC Markets EU Pros and Cons

The broker boasts low latency connectivity, superior liquidity, and support for robust trading platforms (MT4/5 and cTrader).

However, it certainly has some flaws as well.

IC Markets EU Registration and KYC

IC Markets EU signing up involves a straightforward process that adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

#1 Begin the Signup Process

Visit the IC Markets EU website and start by clicking either “Open an Account” or “Start Trading Now” to reach the registration page.

#2 Enter Your Basic Information

Fill out the form with these details:

• Country of residence
• Full name
• Email address
• Phone number

Afterwards, proceed to the next step.

#3 Submit Personal and Tax Details

Provide these data in the form:

• Account type
• Date of birth
• Full address
• Nationality
• Tax Identification Number (TIN)

#4 Define Account Preferences

Choose your desired trading platform, account configuration, and base currency for funding and trading.

#5 Verify and Confirm

Carefully review all entered details to ensure accuracy, then proceed by setting a security question and agreeing to IC Markets' terms and conditions.

#6 Create a Secure Password

Check your email for the IC Markets confirmation message. Click the “Secure Client Area” link, set a strong password (8–15 characters with uppercase, lowercase, digits, and symbols).

#7 Complete the KYC

Complete the “Appropriateness Assessment”. Then, 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 and MetaTrader 5:

MetaTrader 4 (MT4)

• MT4 Android
• MT4 iOS
• Desktop
• Web

MetaTrader 5 (MT5)

• MT5 Android
• MT5 iOS
• Desktop
• Web

cTrader

• cTrader Android
• cTrader iOS
• Desktop
• Web

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 subject to a 0.8 pips markup.

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.

The following demonstrates the spreads on some of the popular trading pairs in Raw Spread accounts:

Markets EU Swap Fees

IC Markets EU applies a triple swap charge once a week to account for weekend interest, on Wednesday for most forex instruments and on Friday for Commodities, Energy products, Equity Indices, Equities, and Crypto pairs.

This policy ensures accurate reflection of financing costs across all tradable asset classes.

IC Markets EU Non-Trading Fees

IC Markets EU may apply an inactivity fee of 10 EUR, USD, or GBP per month to trading accounts that show no activity, including deposits, withdrawals, or executed trades, for a period of six months or longer.

Clients are notified by the company before the fee is imposed.

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

IC Markets EU Deposit

IC Markets EU provides a range of secure and cost-free deposit options designed to suit traders across different regions. Clients can fund their trading accounts through credit cards, e-wallets, or bank wire transfers, all processed under strict security standards.

Most electronic payments are executed instantly, ensuring immediate account funding, while traditional bank transfers may require a few business days.

All deposit methods are fee-free on the broker’s side, with support for multiple base currencies, including USD, EUR, and GBP.

IC Markets EU Withdrawal

IC Markets EU ensures that all withdrawal requests are handled securely and efficiently through the Client Area.

Requests submitted during business hours are processed on the same day, while those received outside normal trading hours are handled on the next working day.

The Back Office Department completes all withdrawal processing within one business day, though actual transfer times depend on the payment method used.

Bank Transfers are processed within one working day, but typically take 3–5 business days for funds to reach the client’s account.

Debit card withdrawals follow the same internal timeline but may require up to 10 working days to be credited. Other payment methods, such as e-wallets, are generally completed within one business day.

Withdrawals are fee-free on IC Markets EU’s side; however, intermediary or beneficiary banks may apply additional fees, especially for international or SEPA transfers.

The broker bears no responsibility for such external charges. While there is no minimum withdrawal amount, clients should note that bank wire transfers under EUR 100 may be diminished by bank charges to the extent that no amount is received.

Check out the details for each Withdrawal type in IC Markets EU:

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 Instruments

The next topic on this IC Markets EU review is the available financial markets. The broker offers 2,250+ CFD instruments across 7 asset classes, including:

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 Awards

As of now, IC Markets EU has not received any publicly recognized industry awards, nor does the company list or display any such recognitions on its official website.

IC Markets EU Customer Support

The company provides comprehensive support 7 days a week through various channels, including:

Users highlight the quality and reliability of the company's support team in their reviews of the brokerage.

IC Markets EU Geo-Restrictions

As a Cyprus-based and CySEC-regulated broker, IC Markets EU operates primarily within the European Economic Area (EEA). However, it denies services to individuals from certain countries, including:

• Brazil
• Belgium
• the United Kingdom
• the United States
• Iran
• North Korea
• Other countries from outside Europe

IC Markets EU Trust Score

User satisfaction is the most important topic of this review. IC Markets EU Trustpilot has garnered generally positive reviews, gaining a great score of 4.0/5 based on 54 reviews.

On this website, less than 45% of the reviews on the mentioned broker are 5-star, which could be a concerning fact. It's worth noting that IC Markets EU hasn't replied to any of the negative reviews on its claimed Trustpilot profile.

IC Markets EU Broker Education

The company offers comprehensive educational resources covering trading basics, market trends, and many more. Key topics in IC Markets EU education section:

• What is Forex;
• What is a CFD;
• Web TV: Daily recorded videos from the floor of the New York Stock Exchange.

Comparison Between IC Markets EU and Other Brokers

The table below compares the reviewed brokerage with some of its main competitors in financial markets:

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.