IC Markets: Analyzing Competitive Edge in Forex

Table of Contents
IC Markets Review

IC Markets is a leading global forex broker based in Sydney. It serves a large number of customers worldwide and is regulated by agencies in three different countries, including Cyprus, Australia, St. Vincent and the Grenadines.

In this IC Markets review, we’ll give you insight information about its features, user experience, customer support, advantages, and disadvantages.  

IC Markets: Overview

IC Markets logo

Established: 2007
Headquarter: Australia
Trading platforms: MetaTrader 4, MetaTrader 5, cTrader, WebTrader, Mobile apps
Mobile Trading: Yes
Minimum Deposit: $200
Account Types: cTrader, Raw Spread, Standard 

IC Markets, with offices in Australia, Hong Kong, and Vietnam, has been a trusted broker since 2007. This credibility is backed by licenses from multiple financial authorities, such as the Financial Commission, CySEC, ASIC, and SCB. 

IC Markets offers low-cost trading, high leverage, and excellent liquidity. The platform also caters to social traders with copy trading options and provides educational resources and customer support 24/7. Moreover, they ensures customer funds are separate from the company’s own capital and offers negative balance protection.

Regulation and Registration

IC Markets Global is a well-regulated financial services provider, authorized and monitored by multiple regulators globally, with the Seychelles Financial Services Authority (FSA) being its primary regulatory body. Established under the Financial Services Authority Act of 2013, the FSA ensures that financial markets in Seychelles are fair and transparent.

Operating under Raw Trading Ltd, IC Markets Global holds the license number SD018, authorized as a Security Dealer for the provision of financial services.

Account Types of IC Markets

Account Types of IC Markets

IC Markets caters to a broad spectrum of trading strategies and preferences. Each account type is designed with specific features and tools, providing flexibility and customisation to optimise trading experiences.

cTrader Account

  • Minimum Deposit: $200
  • Spread: Starting from 0.0 pips
  • Commission: $3.0 per lot (round turn $6.0)
  • Maximum Leverage: Up to 1:1000
  • Instruments: 61  currency pairs, index CFD trading

Raw Spread Account

  • Minimum Deposit: $200
  • Spread: Starting from 0.0 pips
  • Commission: $3.5 per lot (round turn $7.0)
  • Maximum Leverage: Up to 1:1000
  • Instruments: 61 currency pairs, index CFD trading

Standard Account

  • Minimum Deposit: $200
  • Spread: Starting from 0.8 pips
  • Commission: $0.0
  • Maximum Leverage: Up to 1:1000
  • Instruments: 61  currency pairs, index CFD trading

Deposit and Withdrawal

IC Markets Global offers a streamlined withdrawal process where all requests must be made through the Secure Client Area. While the platform itself doesn’t charge additional fees for withdrawals, clients should be aware of potential fees from their banking institutions. Withdrawal channels include credit/debit cards, PayPal, Neteller, Skrill, and various bank transfers. Credit/debit card withdrawals are free and take 3-5 business days, possibly up to 10 in some cases. 

Withdrawals via PayPal, Neteller, and Skrill are instant and free but must be to the same account used for deposit. Bank wire transfers, including those for accounts funded by Fasapay, Poli, Bpay, Rapidpay, and Klarna, may incur additional charges and typically take 3-5 business days. For first-time wire transfers, a copy of the bank statement is required.

Products in IC Markets

IC Markets Global offers a diverse range of trading products for investors:

  • Forex CFDs
  • Indices CFDs
  • Commodities CFDs
  • Stocks CFDs
  • Bonds CFDs
  • Cryptocurrency CFDs
  • Futures CFDs

Trading Platform of IC Markets

IC Markets Global offers a comprehensive range of trading platforms, catering to various trading styles and preferences. These platforms include:

  • MetaTrader 4
  • MetaTrader 5 
  • cTrader
  • WebTrader
  • Mobile Apps

Fees of IC Markets

IC Markets Global offers two types of MetaTrader accounts: the Standard account and the Raw Spread account. The Standard account does not incur a commission, but there is a spread mark-up of 0.8 pip above the raw inter-bank prices. The Raw Spread account displays the raw inter-bank spread with a commission of $7 per standard lot round turn. This structure allows traders to choose between a spread-only cost structure or a commission-based model, depending on their trading strategy and preferences.

Fees of broker

IC Markets Promotions

There are no promotions at the moment. 

Customer Support

  • Email: [email protected]
  • Live Chat:  24 hrs.
  • Phone: +248 467 19 76  (International charges may apply)

Pros & Cons


  • User-friendly platforms with extra features
  • Low trading costs and spreads
  • Fast trade completion
  • Supports all types of trading
  • No fees for IC markets’ minimum deposit and withdrawals
  • Round-the-clock customer support


  • Do not available for US clients
  • Higher IC markets minimum deposit requirements

Pros Explained

  • IC Markets offers intuitive and user-friendly trading platforms that come packed with additional features to enhance your trading experience. Whether you’re a seasoned trader or a beginner, navigating the platform is simple.
  • IC Markets boasts of having some of the industry’s most competitive trading costs and spreads. This enables traders to maximize their profits, as a smaller portion of their earnings goes towards fees.
  • The platform ensures quick trade executions, reducing the likelihood of slippage and improving potential gains.
  • Whether you’re into forex, commodities, or equities, IC Markets supports various trading types. This versatility can help with your trading needs.
  • Another significant advantage is the absence of fees for minimum deposits and withdrawals. This is especially beneficial for traders who are just starting out and are cautious about incurring extra costs.
  • IC Markets provides 24/7 customer support, ensuring that any issues or queries you may have are addressed promptly, no matter the time of day.

Cons Explained

  • IC Markets isn’t an option for traders in the United States, limiting its accessibility. They’ll have to look for alternative brokers that are regulated and available in the U.S.
  • The platform has a higher initial deposit requirement, attracting a more extensive range of clients. It may discourage new or budget-conscious traders.

Is IC Markets Worth Considering?

Is IC Markets Worth Considering?

According to IC Markets review and forex broker review, they are an ideal broker for all traders, including institutions, with their rapid order execution and average latency of under 40ms. It supports various trading styles like scalping and hedging. 

New traders will find educational resources along with add-on services like AutoTrader and ZuluTrade helpful. The broker offers a diverse range of investment options, including crypto, forex, commodities, and more, making portfolio diversification easier.


1. What is IC Markets?

It is a reputable trading broker offering various investment options like forex, commodities, and cryptocurrencies.

2. What trading platforms does IC Markets offer?

IC Markets offers three main trading platforms: cTrader, MetaTrader 4, and MetaTrader 5, accessible via computers, web browsers, and mobile apps.

3. What is IC Markets’ minimum deposit for?

The minimum deposit is required to open a trading account and varies depending on the type of account you choose.

4. Does IC Markets offer a demo account?

Yes, they provides a demo account to help new traders familiarize themselves with the trading platforms and strategies.

5. Can I trade cryptocurrencies with IC Markets?

Yes, they offers cryptocurrency trading, allowing traders to speculate on the price movements of popular cryptocurrencies without owning the underlying asset.

Related Articles:

Read more: Broker Reviews

By FinxpdX Team
By FinxpdX Team
Stay Informed, Invest with Confidence.
Stay updated on market trends and opportunities.
Discover comprehensive, trustable reviews to guide your decision
Explore the latest findings and breakthroughs in our research
Table of Contents
- Advertisement -

Leave us a message