IC Markets is the world’s largest true ECN trading broker offering over 285 trading instruments across multiple markets on the most popular trading platforms, delivering low spreads from 0.0 pips with deep liquidity from a large mix of liquidity providers that ensures rapid trade execution speeds at the best possible prices. The broker is regulated in multiple jurisdictions and provides commission free accounts, plenty of free account funding options, excellent customer support and a vast range of educational resources to help with your daily trading activities.

show 1 IC Markets Review, Pros & Cons 2 IC Markets Overview 3 IC Markets Regulation 4 IC Markets Countries 5 IC Markets Platforms 5.1 MetaTrader 4 (MT4) 5.2 MetaTrader 5 (MT5) 5.3 cTrader 6 IC Markets Trading Tools 6.1 MT4 Advanced Trading Tools 6.1.1 Alarm Manager 6.1.2 Correlation Matrix 6.1.3 Correlation Trader 6.1.4 Trade Terminal 6.1.5 Market Manager 6.1.6 Mini Terminal 6.1.7 Sentiment Trader 6.1.8 Session Map 6.1.9 Excel RTD 6.1.10 Stealth Orders 6.1.11 Tick Chart Trader 6.2 Virtual Private Server 6.3 ZuluTrade 6.4 MyFxBook AutoTrade 6.5 MAM / PAMM 6.5.1 Allocation Methods 6.5.2 MAM/PAMM Features 6.5.3 Money Manager Features 7 IC Markets Education 7.1 Trading Guides 7.2 Web TV 7.3 Webinars 7.4 Video Tutorials 8 IC Markets Instruments 9 IC Markets Accounts & Fees 10 IC Markets Support 11 IC Markets Deposit & Withdrawal 12 IC Markets Account Opening 13 IC Markets FAQ 13.1 What is IC Markets minimum deposit? 13.2 How do I deposit money into IC Markets? 13.3 What does IC Markets do with my deposit? 13.4 What are IC Markets deposit fees? 13.5 How do I withdraw money from IC Markets? 13.6 What are IC Markets withdrawal fees? 13.7 Do IC Markets accept third party payments? 13.8 What is IC Markets commission fee? 13.9 Are there any IC Markets inactivity fees? 13.10 What are IC Markets account types? 13.11 Is there an IC Markets demo account? 13.12 What are the IC Markets spreads? 13.13 What is IC Markets leverage? 13.14 What are IC Markets margin & stop out levels? 13.15 Do IC Markets allow hedging, scalping, news trading & automated trading? 13.16 Is there an IC Markets Islamic account? 13.17 What are IC Markets trading instruments? 13.18 How do I open an IC Markets live account? 13.19 How do I verify my IC Markets account? 13.20 What is IC Markets trading platform? 13.21 Where can I download IC Markets platform? 13.22 Where is IC Markets located? 13.23 Is IC Markets regulated? 13.24 What countries do IC Markets accept? 13.25 Is IC Markets a scam? 13.26 How can I contact IC Markets support? 14 IC Markets Summary

IC Markets Review, Pros & Cons
  • Regulated broker
  • Selection of powerful trading platforms for multiple devices
  • Great selection of trading instruments
  • Free deposit & withdrawal options
  • Low fees, tight spreads & fast execution speeds
  • Institutional grade liquidity
  • True ECN model
  • Range of useful trading tools & educational resources
  • Hedging & scalping allowed
  • Social trading platforms
  • FIX API connection via cTrader
  • No inactivity fees
  • Excellent 24/7 customer support
  • No US clients
  • No fixed spreads
  • In this detailed IC Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

    IC Markets Overview

    IC Markets is an Australian trading broker founded in 2007 with its headquarters based in Sydney and has since gone on to be one of the world’s largest trading brokers. They are an ASIC regulated true ECN broker providing trading solutions to both retail and institutional clients across the globe.

    IC Markets offers traders worldwide over 285 trading instruments across multiple markets on the most popular trading platforms, MetaTrader 4/5 and cTrader. Trading instruments include Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs

    The IC Markets management team come from a financial background with years of combined experience throughout Asia, Europe and North America. This experience means that being traders themselves, they have a strong understanding of what traders need and thus select the best possible solutions with some of the best hand-picked liquidity providers (LPs). New LPs are being added on a regular basis to ensure conditions continue to be amongst the best available to traders.

    IC Markets are well known for low latency connectivity and superior liquidity. This means that online traders have access to deep liquidity pools for superior pricing that was only previously available to banks and high net worth individuals. Their ECN model uses the latest innovative technology, delivering low spreads and high liquidity for fast trade execution.

    IC Markets Spreads

    ECN technology allows IC Markets to aggregate all of its LPs to build an order book which can sort and rank prices in real time to provide the best prices to its clients. This creates competition amongst LPs to provide lower prices and to meet the modern-day trader demands of tight spreads, deep liquidity pools, price transparency and anonymous execution, low slippage and low latency.

    The true ECN connectivity allows traders of all levels to trade on institutional grade liquidity from a diverse range of large LPs such as investment banks, hedge funds and dark pools venues. There are over 50 different LPs with no dealing desk intervention so traders have direct access to raw spreads and execution speeds with no price manipulation, re-quotes or hidden fees. This makes them one of best brokers of choice for high volume traders, day traders and scalpers.

    IC Markets Liquidity Providers

    IC Markets has an average execution speed of under 35ms with a low latency fibre optic cross-connect to LPs. The order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades for clients every day with a total US $15 billion trades processed daily by IC Markets. According to Finance Magnates, IC Markets is the largest forex broker in the world by forex volume (excluding Japan). They also provide a free low latency virtual private server (VPS) to clients.

    IC Markets mission is to provide the best trading conditions so that clients can focus on their trading with full transparency. The companies core values are built upon integrity, trust, honesty and fairness. This is backed by their 9/10 rating on TrustPilot.

    IC Markets TrustPilot Reviews

    IC Markets Regulation

    IC Markets is a global CFD’s provider, operating offices in a variety of jurisdictions to suit your needs. IC Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC). This strict regulation can give traders the peace of mind that they are using a reliable and transparent broker that can be trusted.

    Being an ASIC regulated entity, IC Markets must be compliant to strict financial guidelines, including capital adequacy and audit requirements. Client funds are held in segregated Australian bank accounts in accordance to Australian Client Money Handling rules. This ensures that client funds are separate to the company funds and thus cannot be used for any other purpose. They also use independent external auditors to ensure regulatory compliance is in place.

    IC Markets Countries

    IC Markets accepts clients from all over the world, excluding USA, Canada, Iran, Yemen and some countries from the OFAC list. US CTFC regulation prevents US clients from trading with brokers outside the US. Some IC Markets broker features and products mentioned within this IC Markets review may not be available to traders from specific countries due to legal restrictions.

    IC Markets Platforms

    IC Markets Platforms

    IC Markets offer the MetaTrader 4, MetaTrader 5, and cTrader platforms. These are the 3 most popular and user-friendly trading platforms available today. The True ECN trading model is incorporated into all of the platforms at no extra cost for all levels of traders. Trading on the go is possible via the mobile and tablet apps. This is useful for those who need to access their account and manage their positions whilst on the go from anywhere in the world where they have an internet connection.

    MetaTrader 4 (MT4)

    IC Markets MetaTrader 4 Platform

    MT4 is one of the most popular online trading platforms that is used by millions of traders around the globe. It is free to use and can be downloaded as a desktop platform or run directly in your web browser without the need to download or install any additional software. It is also available as a mobile app for Android or iOS devices and can be download for free from the relevant app stores.

    MT4 is widely regarded to be a powerful trading platform with a vast array of built in tools for analysing charts to find potential trading opportunities across a wide range of markets. It is intuitive and user-friendly enough for new traders whilst having enough advanced capabilities to suit the more experienced traders.

    It has grown from a trading platform to a global community where trader’s demands are met by technology provider’s innovations. IC Markets has partnerships with many of these technology providers and is proud to offer you the next generation MetaTrader 4 platform, designed to take your trading to the next level.

    IC Markets clients can experience their ultra-fast execution speeds and flexible trading conditions on the award-winning MetaTrader 4 platform. Both IC Markets Standard and Raw Spread accounts are available on the MetaTrader 4 trading platform.

    IC Markets MT4 features include:

  • Market leading spreads & low commissions
  • Flexible funding & withdrawal options
  • Flexible leverage
  • Fully customisable user interface & charts
  • Multiple trading tools for analysing markets
  • Real time price quotes in market watch window
  • Automated trading with expert advisors (EAs)
  • Strategy tester for back testing EAs
  • MQL4 programming language for coding custom indicators, scripts & EAs
  • Online community where you can copy trading signals & download additional tools
  • Price alert notification via email, SMS & platform pop ups
  • Desktop, web & mobile compatibility
  • MetaTrader 5 (MT5)

    IC Markets MetaTrader 5 Platform

    MetaTrader 5 is the all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies and commodities. IC Markets Raw Pricing help to make it one of the most powerful trading platforms for active traders.

    The MT5 platform is an updated and improved version of MT4 which still remains the industry standard for many traders around the world. MetaTrader 5 implements advanced charting technology coupled with sophisticated order management tools that can help you to monitor and control your positions quickly and efficiently. It is a powerful platform packed with an array of useful features aimed at improving your trading experience. MT5 is available on both of the IC Markets account types: Raw Pricing and Standard.

  • Raw Pricing Connectivity
  • Ultra-Fast Order Execution
  • No Restrictions on Trading
  • Level II Pricing – Market Depth
  • Spreads from 0.0 Pips
  • Automated Trading (EAs)
  • Built-in Technical & Fundamental Indicators
  • Desktop, web & mobile compatibility
  • cTrader

    IC Markets cTrader Platform

    The cTrader platform is designed for high speed execution when trading the global markets online. It has a unique design that implements an elegant user interface whilst its range of advanced features make it a favourite for discretionary Forex traders.

    The cTrader platform uses innovative technology that combines the speed of a high performing trading platform with the deep liquidity of IC Markets, providing clients with the ultimate trading solution.

    The IC Markets cTrader platform gives you access to a deep liquidity pool in over 64+ forex currency pairs along with 16+ major equity indices. Active traders worldwide appreciate trading with the superior functionality of cTrader and streaming prices collated from multiple global banks.

  • Real-time forex and CFD quotes
  • Market leading spreads and low commissions
  • Extremely Low Spreads
  • Ultra-Fast Order Execution
  • No Restrictions on Trading – Scalping Allowed
  • Level II pricing with full market depth
  • Smart Stop Out
  • Servers in the LD5 IBX Equinix Data Center
  • Micro lot trading – Minimum lot size of 0.01 with no maximum
  • Flexible funding and withdrawing options
  • Multiple order types
  • Detachable charts
  • Expanded symbol display
  • Real-time reports
  • One-click trading
  • Desktop, web & mobile devices
  • IC Markets Trading Tools

    IC Markets provide traders with a range of useful trading tools and apps that can assist with detailed market analysis and help to enhance the overall trading experience. These tools include economic calendars, alerts, technical indicators, market data, VPS and more.

    MT4 Advanced Trading Tools

    IC Markets MT4 traders have access to 20 exclusive institutional quality trading tools to assist with their trading. These include Depth of Market (DoM), spread monitoring, trade risk calculator, ladder trading, custom order templates and more. These are built into IC Markets MetaTrader 4 for an improved trading experience.

    Alarm Manager

    A personal trading assistant which can notify the trader or even their followers on social media.

    Correlation Matrix

    Gives trader market info on different time scales and enables them to make better decisions.

    Correlation Trader

    Let’s traders compare correlation between two symbols, and trade emerging differences.

    Trade Terminal

    A feature-rich trade execution and analysis tool which offers precision trading, ordering template & more.

    Market Manager

    Provides full control over symbol watch-lists and all order activity from one small and convenient window.

    Mini Terminal

    It displays the same deal ticket as the Trade Terminal in the context of a specific trading chart.

    Sentiment Trader

    Shows sentiment based on real open positions: the number of traders who are currently long or short.

    Session Map

    Gives the trader a quick market overview through the world’s key markets and their time zones.

    Excel RTD

    App lets you enter up to 5 account numbers, and then automatically displays a dashboard of equity and balance etc.

    Stealth Orders

    App lets traders hide their pending orders from other market participants with more functionalities.

    Tick Chart Trader

    Displays variety of tick charts, including traditional line charts, timed tick charts, and tick bars/candles.

    Virtual Private Server

    A Virtual Private Server (VPS) can run your trading platform in the cloud. It allows traders to run automated trading strategies 24 hours a day 7 days a week with the fastest possible connectivity to the IC Markets trading servers. This is useful for those who do not have the best internet connection and those who wish to run automated systems that need to be on around the clock without needing their home computer switched on.

    IC Markets VPS

    Having a VPS in place helps to ensure that you can run your EAs in a secure environment without the need for any additional computer hardware, backup internet, or power supply. IC Markets recommends VPS providers co-located inside Equinix data centres with direct cross connects to their trading servers in Equinix NY4.

    If your trading volume exceeds 15 lots (round turn) per month, they will sponsor a VPS subscription for you with any of the below providers:

  • Forex VPS
  • Beeks FX VPS
  • NYCServers
  • ZuluTrade

    ZuluTrade is a social trading platform where followers can copy the trading signals of other traders. You can use ZuluTrade to copy trades directly into your IC Markets trading account. You can filter trading signal providers according to your own risk preferences. Signals can be added or removed to your trading portfolio at any time. Please see our ZuluTrade review for more detailed information about the copy trading service that they provide.

    ZuluTrade review


    MyFxBook AutoTrade

    This works in a similar way to ZuluTrade. You hook your IC Markets accounts up to the popular social trading website myfxbook and can then choose different strategies to copy signals from.

    Myfxbook Auto Trade

    MAM / PAMM

    The IC Markets Multi Account Manager allows you to manage clients’ money with flexible allocation methods and real-time reporting of performance and commissions. The MAM software communicates all allocation settings directly with the IC Markets MetaTrader 4 server. This means a money manager only has to worry about trading through the MetaTrader 4 Master Account, all other processes are handled seamlessly by the MAM software.

    IC Markets MAM PAMM

    The software is ideal for traders or money managers utilising Expert Advisors (EAs) and enhances the functionality of the MetaTrader 4 platform by allowing multiple accounts to be managed from 1 simple interface. Block orders can be executed with 1 click from the Master Account with pre-set allocation methods. Thousands of accounts can be traded with 1 click and with virtually no additional latency. The allocation methods allow the software to act as a MAM, PAMM, or LAMM with several variations of each.

    Allocation Methods

  • Proportional by Balance Allocation
  • Proportional by Equity Allocation
  • MAM/PAMM Features

  • MAM manager to adjust trading parameter in real time
  • Unlimited trading accounts and deposit amount
  • Trades – Full, Mini & Micro Lot accounts for best allocation advantage
  • Allocations to accounts at as little as 0.01 lots (1000 units)
  • All normal order types accepted: Market, Stop, Limit
  • All unique order types accepted: Trailing Stop, Close by and Close all
  • Manage multiple master accounts having different strategies
  • Allows Expert Advisor (EA) trading of managed accounts from client side
  • Each Sub Account has an output to screen report
  • Market watch window within MAM
  • Live order management monitoring within MAM including P&L
  • STP on master account for bulk order execution, with instant allocation to sub accounts
  • Monitor commissions and performance in real time
  • Manage Monthly, Quarterly and Annual client reports through the MetaTrader Manager
  • Money Manager Features

  • Ability to add and/or remove funds without affecting trading activity
  • Professional reporting analytics displayed to you and your clients
  • Solutions for EA managers and manual managers
  • #1 Best Trading Broker Award 2021 AvaTrade is an award-winning trading broker that is regulated in 6 jurisdictions offering 1250+ instruments across multiple markets & trading platforms for web, desktop & mobile devices. They have low fees, tight spreads & rapid trade execution speeds.

    Trade! Trade!

    IC Markets Education

    IC Markets have a vast selection of educational materials including basic and advanced trading guides and video tutorials. These can help clients to learn some of the most importance aspects about online trading including how it operates, technical and fundamental analysis, market influences, trading platforms and more.

    Trading Guides

    IC Markets have a generous amount of free trading guides on their website. These are aimed towards new traders who are looking to learn more about trading online. The articles cover a range of topics including the different markets you can trade, market analysis, trading psychology and much more.

    Web TV

    IC Markets have a WebTV that is presented in association with Trading Central and offers unmatched coverage on global equities, currencies and commodities. It includes actionable trade ideas and market commentary in a short video format.


    IC Markets host a series of webinars covering a variety of topics within the industry, hosted by experts within the field.

    Video Tutorials

    IC Markets have a selection of useful educational videos to help traders who are new to using the trading platforms. These instructional videos will give you an overview as to how to install platforms, analyse the markets and place different order types.

    IC Markets Video Tutorials

    IC Markets Instruments

    IC Markets offers an impressive range of over 285 tradable instruments to traders including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs. There are over 65 currency pairs, including cryptocurrencies, and over 150 Stock CFDs.

    IC Markets Instruments

    IC Markets Accounts & Fees

    IC Markets offer 2 different account types, the true ECN account and standard account. Minimum deposit starts from $200. The true ECN account has variable spreads from 0.0 pips with a small $3.5 commission fee. The standard account does not charge a commission but variable spreads start from 1.0 pips. Spreads are tight and liquidity deep 24/7 with the true ECN account due to the 50+ different liquidity sources. Leverage of up to 1:500 is available.

    IC Markets Accounts

    IC Markets allows you to open multiple trading accounts. You can open an additional trading account via your Client Area. They also provide demo accounts if you would like to test the different trading platforms and conditions before opening a real account with them. Furthermore, they are a Muslim friendly broker who support Islamic traders with swap-free accounts that comply with Sharia law.

  • True ECN Account: $3.5 commission, variable spreads from 0.0 pips
  • Standard Account: $0 commission, variable spreads from 1.0 pips
  • As broker fees can vary and change, there may be additional fees that are not listed in this IC Markets review. It is imperative to ensure that you check and understand all of the latest information before you open an IC Markets broker account for online trading.

    IC Markets Support

    IC Markets offer multilingual support 24/5 via phone, chat and email. They are prompt, efficient and polite when answering support questions from traders of all experience levels. You can choose to call them using a toll-free number from a list of countries throughout the globe.

    IC Markets Contact Info

    IC Markets Deposit & Withdrawal

    IC Markets accept deposits and withdrawals in 10 major currencies. They have a variety of fast and convenient deposit and withdrawal options. Providing e-Wallet options such as Skrill and PayPal can allow for faster transfers to and from trading accounts. By default, the broker does not charge any deposit or withdrawal fees.

    There may be third-party fees charged when using certain payment methods. Bank transfers can take a few business days to clear. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

  • Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
  • IC Markets Deposits & Withdrawals

    IC Markets Account Opening

    IC Markets account opening is fast and allows for instant funding. There is a short online form to complete, followed by email confirmation and identification upload. Verification is quick and the whole process very user friendly. Support is on hand to assist you during the process if required. It literally takes just a few minutes to create an IC Markets account and start trading online.

    IC Markets Account Opening

    IC Markets FAQ

    What is IC Markets minimum deposit?

    The minimum deposit required by IC Markets to open a trading account is $200 or the equivalent in your own currency. This is a very reasonable amount when you consider that some brokers require minimum deposits of $500 or more. It enables you to try out IC Markets and see if they are a suitable broker for you before committing more funds.

    How do I deposit money into IC Markets?

    IC Markets offers an impressive selection of over 15 flexible funding options in 10 different base currencies. You can deposit instantly and for free using a range of methods such as bank / wire transfer, PayPal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli.

    When funding your account using online deposit methods such as credit cards and e-Wallets, your deposit will appear instantly in your trading account.

    Wire transfers and Bpay within Australia normally take one to two business days. For international bank transfers, you should allow up to three to five working days.

    What does IC Markets do with my deposit?

    IC Markets holds client funds in segregated client trust accounts at Westpac Banking Corporation and National Australia Bank (NAB). These are both AA rated Australian banks. They diversify the client money in segregated client trust accounts across multiple banks to reduce the credit risk and counterparty exposure.

    IC Markets complies with the Client Money Handling Rules of Seychelles and implements strict policies and procedures regarding the maintenance and operation of these accounts.

    What are IC Markets deposit fees?

    IC Markets do not charge any fees or commissions on deposits made into your trading account. However, you may be subject to the fees that can be charged by the payment method provider of your choice or your bank.

    How do I withdraw money from IC Markets?

    You can withdraw money from your IC Markets account using the same methods accepted for deposits, such as Wire Transfer, Credit or Debit Card and digital e-Wallets. All account holders are required to submit withdrawal requests from inside their Secure Client Area.

    If your withdrawal is submitted before 12:00 AEST/AEDT, it will be processed the same day. After this time, it will be processed on the following business day. Credit and debit card withdrawals may take 3-5 business days to clear. On some rare occasions, this may sometimes take up to 10 business days depending on the banks end.

    E-Wallet withdrawals must be made from the same account from where the funds were initially sent. These transactions are processed free of charge and are instant once processed.

    What are IC Markets withdrawal fees?

    IC Markets does not charge any additional fees for deposits or withdrawals. You should however be aware that you may incur fees on payments to and from some international banking institutions. IC Markets accepts no responsibility for any such bank fees.

    For International Bank Wire Transfers, there is a processing fee of 20 AUD or currency equivalent that is charged by the brokers banking institution. They will deduct this fee from your withdrawal amount. However, this fee can vary depending on your jurisdiction and the bank you use, whilst it may take up to 14 days to clear and incur additional intermediary fees.

    Do IC Markets accept third party payments?

    IC Markets does not process payments to third parties. You would need to ensure that all withdrawal requests from your trading account go to a bank account or a source in your name. Payments to joint bank accounts and credit cards are accepted if the trading account holder is one on the parties listed on the account or card.

    IC Markets do not charge a commission on Standard Accounts; instead, the broker adds a spread mark up to the prices received directly from their liquidity providers. The IC Markets’ Raw Spread Account shows the raw interbank spread received from these liquidity providers, without any mark up. On this account, they charge a commission of $3.5 per standard lot round turn.

    This is advantageous because there are options to suit swing traders who want to save on commission fees in the long run whilst also providing an option for day traders whose trading strategies require a tight spread.

    It should be noted that cTrader commission is charged per side, per 100,000 USD traded. This is different to MT4 which charges a fixed amount per lot. The commission charged on the cTrader platform is $3 USD per 100,000 USD traded. The USD commission amount is converted to the base currency of an account at the current spot rate.

    Are there any IC Markets inactivity fees?

    IC Markets do not charge an inactivity fee. Some brokers are known to help themselves to any funds left in your trading account should you take a break or just temporarily forget about them. You won’t get any nasty surprises if you leave your IC Markets account dormant for a sustained period of time.

    What are IC Markets account types?

    IC Markets have a choice of two MetaTrader account types: Standard Account and the impressive Raw Spread Account. There is no commission charged on the standard account, just a small mark up on the spread they receive from their vast range of top-class liquidity providers. The raw spread account on the other hand, has a small commission fee of $3.5 per standard lot round turn. However, it uses the spreads directly from the liquidity providers without any mark up.

    If you are not concerned about the spread cost, the standard account should suffice. If you want the tightest spreads possible and the best bid/ask price quotes, you may wish to consider the raw spread account.

    Is there an IC Markets demo account?

    Yes, IC Markets have a free to open demo account that supports all account types, platforms and products. A demo account allows you to trade the markets at no cost and risk free. This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies in a simulated trading environment without fear of losing real money.

    Once you’re familiar

    IC Markets Details

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    Cost and Earnings:
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    IC Markets