Overall Rating
Overview
Founded in 2007, IC Markets is a globally recognized Australian broker known for its low-latency trading infrastructure, ultra-tight spreads, and raw pricing model. Headquartered in Sydney, IC Markets caters to both retail and institutional traders with a strong focus on automated trading and ECN connectivity. It is particularly popular among high-frequency traders, scalpers, and algorithmic trading professionals. IC Markets consistently ranks among the largest forex brokers by trading volume globally, with an average monthly volume exceeding $1 trillion. The broker continues to earn industry recognition, including awards for Best ECN Broker and Most Transparent Forex Broker.
Key Features
- Institutional-Grade Liquidity
- True ECN Spreads
- Low-Latency Execution
- Support for Automated Trading
- Powerful Trading Platforms
- Multilingual 24/7 Customer Support
Regulatory Oversight
IC Markets operates under multiple regulatory frameworks, enhancing client trust and fund protection:
- Australian Securities and Investments Commission (ASIC) – License No. 335692
- Cyprus Securities and Exchange Commission (CySEC) – License No. 362/18
- Seychelles Financial Services Authority (FSA) – License No. SD018
Each regulatory body imposes strict operational guidelines, and clients are advised to confirm which jurisdiction governs their trading account, as protections may vary.
All entities ensure client fund segregation and maintain a best execution policy. Negative balance protection is guaranteed for ASIC and CySEC entities, but not for Raw Trading Ltd.
Account Types & Fees
Standard Account
Spreads: From 0.6 pips (no commission)
Commission: None
Minimum Deposit: $200
Best for: New traders or those seeking simplicity without commission-based pricing
Raw Spread Account (MetaTrader)
Spreads: From 0.0 pips
Commission: $3.50 per side ($7 per round turn)
Minimum Deposit: $200
Best for: Scalpers and EA users seeking low-cost trading
cTrader Raw Account
Spreads: From 0.0 pips
Commission: $3.00 per side ($6 per round turn)
Minimum Deposit: $200
Best for: Advanced traders using cTrader or FIX API
Other Account Options
- Swap-Free (Islamic) Account: Available on request, compliant with Sharia law
- Demo Account: Risk-free environment with virtual funds for strategy testing
- Managed Account (MAM/PAMM): For money managers and copy trading solutions
Trading Platforms
MetaTrader 4 (MT4)
- Ideal for forex and CFD traders
- Supports EAs, hedging, and one-click trading
- Desktop, web, and mobile versions
MetaTrader 5 (MT5)
- Advanced version of MT4 with improved order management and more timeframes
- Additional technical indicators and built-in economic calendar
cTrader
- Preferred by institutional and professional traders
- Depth of Market (DoM), advanced order types, and FIX API access
- Web, desktop, and mobile availability
Tradable Assets
Over 60 currency pairs including majors, minors, and exotics
Global indices like S&P 500, NASDAQ, DAX 40, FTSE 100
Precious metals, energy, agricultural products
US, EU, AU, and Asian-listed equities as CFDs
Bitcoin, Ethereum, Ripple, Litecoin, and more
CFDs on futures contracts and global bonds
A growing selection of sector and index-tracking ETFs
Pros and Cons
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Support & Security
IC Markets provides 24/7 multilingual support via live chat, email, and phone. Clients also benefit from:
- Segregated client accounts at top-tier banks
- Negative balance protection
- Two-factor authentication (2FA)
- SSL encryption for secure data transmission
Account managers are also available to assist high-volume or professional clients.
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