About its history and mission
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
- —
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- 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
Weaknesses
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
Safety and Regulations
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.
Regulators
- Australian Securities and Investments Commission (ASIC) in Australia
- Financial Services Authority, Seychelles
- Cyprus Securities and Exchange Commission in the EU.
Instruments Available
Types of Accounts
Raw Spread
- Minimum deposit
- $0
- Commission
- 0.7
- Available tools
- 0
- Leverage
- 1:20 to 1:30
- Margin call level
- 100
- Stop-out level
- 50
Standard
- Minimum deposit
- $0
- Commission
- 0.7
- Available tools
- 0
- Leverage
- 1:20 to 1:30
- Margin call level
- 100
- Stop-out level
- 50
Fees and Charges
This is composed of a very competitive fee system in place with the following components:
- Commission-free
- The trading charges: $3.50 is charged as a commission per side in a lot to a raw spread account, but in a standard account, there is no commission, but the spread is broader.
Trading Platforms
MetaTrader 4 (MT4)
An all-time classic forex and CFD trading platform with very strong analytical tools.
MetaTrader 5 (MT5)
A step ahead of MetaTrader 4 and usually comes with more features including more versions of orders and instruments features.
cTrader
One of the modern platforms designed for ECN trading with ultra-fast execution speed and advanced charting tools.
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
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?
Users 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