Overview
It is one of the global online forex trading brokers that have been operational since the year 2007. The brokerage is based in Sydney, Australia, and specializes in providing access for retail traders interested in a variety of financial markets such as forex, commodities, indices, and cryptocurrencies. IC Markets are widespread among the traders' community who recognize the transparency in prices, tighter spreads, and better trading tools, from rookies and professionals alike.
- Founded
- 0
Strengths and watchouts
- Stable raw spreads (0.06 pips on avg on EUR/USD
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
- Great for algorithmic strategies
- Social trading app available
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
Safety and regulation
A multi-regulated forex broker with these high regulators for security and transparency: Client funds are kept in separate accounts with top-tier banks to provide further security. In the absence of foul play or money laundering activities, the broker maintains very strict regulations of anti-money laundering mixed with Know-Your-Customer features.
- Australian Securities and Investments Commission (ASIC) in Australia
- Financial Services Authority, Seychelles
- Cyprus Securities and Exchange Commission in the EU.
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- Commodities
- Indices
- Cryptocurrencies
- Stocks
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Raw Spread | $0 | 0.7 | 1:20 to 1:30 |
| Standard | $0 | 0.7 | 1:20 to 1:30 |
Fees and costs
This is composed of a very competitive fee system in place with the following components:
Trading platforms
- MetaTrader 4 (MT4)
An all-time classic forex and CFD trading platform with very strong analytical tools.
desktop - MetaTrader 5 (MT5)
A step ahead of MetaTrader 4 and usually comes with more features including more versions of orders and instruments features.
web - cTrader
One of the modern platforms designed for ECN trading with ultra-fast execution speed and advanced charting tools.
web
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Is IC Markets regulated broker?
What trading platforms does it provide?
What is the minimum amount you must deposit to open an account with them as a broker?
What leverage they offer as their maximum leverage?
Where this broker is ranked
- Use case · ranked #2Best Brokers for Day TradingBest for High-Volume Day Traders
- Asset class · ranked #2Best Forex BrokersBest for Low-Cost Trading
- Platform · ranked #2Best MT4 BrokersBest for MT4 Algorithmic Traders
- Asset class · ranked #4Best CFD BrokersBest for Low-Cost CFDs
- Region · ranked #5Best Brokers in LatviaBest for Latvia Active Traders
Reader reviews
Support Team is very helpful despite during Sunday. All my experience with ICMarkets have been positive.
Feb 9, 2025
Despite it being a Sunday, the support team was incredibly helpful. My interactions with ICMarkets have consistently been positive.
Smooth broker to trade in MTL5, great for Algo trading, with affordable spreads and swaps. For starters, the Demo will provide lots of learning opportunities. Now starting the real deal, but so far absolutely fine. The support team is solid, very effectiv
Feb 9, 2025
Working with this broker on the MTL5 platform has been a seamless experience, especially for those interested in algorithmic trading. The spreads and swaps are reasonably priced, making it an attractive option. Beginners will find the demo account extremely beneficial for gaining valuable insights and honing their skills. As I transition to live trading, everything has been going smoothly. The support team stands out for their efficiency and friendliness, ensuring any concerns are promptly addressed. Overall, this broker has proven to be reliable and dependable.
I am very impressed with Ic markets team.they solved my problem in 2 minutes only. Quick response and well trained staff
Feb 8, 2025
I am thoroughly impressed with the team at IC Markets. They resolved my issue in just two minutes. Their prompt response and knowledgeable staff truly stand out.
Showing 1–3 of 10 reviews