IC Markets Review
IC Markets is a secure broker known for its competitive spreads on Contracts for Difference (CFDs). It offers over 2,250 trading instruments and boasts a 94 out of 100 trust score. Additionally, IC Markets is fully regulated by two tier-1 regulators, reflecting the highest level of trust in the industry.
🛡️Regulated and trusted by ASIC, CySEC, FSA, SCB
🛡️2608 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 😎 Languages Supported | Multiple Languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
IC Markets Review – Analysis of Brokers’ Main Features
Overview
IC Markets, established in 2007, is a well-known online trading broker, serving over 1 million active traders worldwide. Headquartered in Seychelles and regulated by the Financial Services Authority (FSA), IC Markets offers a secure and reliable trading environment. The broker prioritizes investor protection through segregated client accounts, negative balance protection, and compliance with relevant regulations.
IC Markets provides a diverse range of trading instruments, including CFDs on major and minor currency pairs, global stock indices, commodities, and shares, with spreads starting as low as 0.0 pips. It supports multiple trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, allowing traders to access markets from various devices.
Frequently Asked Questions
What instruments can I trade with IC Markets?
IC Markets offers a wide range of trading instruments, including CFDs on major and minor currencies, global stock indices, commodities, and shares.
What are the spreads offered by IC Markets?
IC Markets offers spreads starting from 0.0 pips, making it competitive in the market.
What trading platforms are available with IC Markets?
IC Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms.
What leverage options are available?
IC Markets provides leverage of up to 1:500, giving traders greater flexibility in managing their positions.
Our Verdict
IC Markets is a reliable and well-regulated broker that offers an excellent trading environment for both beginner and experienced traders. With its wide range of instruments, low spreads, and support for multiple platforms, it provides a seamless experience.
Detailed Summary
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 😎 Languages Supported | Multiple Languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Frequently Asked Questions
Does IC Markets provide account segregation?
Yes, IC Markets ensures account segregation for client funds.
Is negative balance protection available at IC Markets?
Yes, IC Markets offers negative balance protection to its clients.
What investor protection measures does IC Markets offer?
IC Markets ensures investor protection through regulatory supervision, segregated accounts, and negative balance protection.
Are institutional accounts available at IC Markets?
Yes, IC Markets offers accounts tailored for institutional clients.
Our Verdict
IC Markets supports multiple languages and offers a wide range of educational resources, webinars, and an affiliate program, making it a compelling choice for traders from various regions. Additionally, the broker provides access to global financial markets, catering to traders worldwide.
Safety and Security
IC Markets is regulated by the Financial Services Authority (FSA) of Seychelles, ensuring strict compliance with regulatory protocols and providing a safe trading environment for its clients. The FSA oversees financial services in Seychelles, promoting fair and transparent markets. IC Markets’ adherence to these regulations guarantees the secure handling of clients’ funds.
The broker complies with the Seychelles Securities Act and employs internal risk management systems to ensure proper capitalization and operational effectiveness. External audits validate IC Markets’ commitment to full regulatory compliance. Furthermore, client funds are kept in segregated accounts with top-tier banks for added security. The broker also follows Anti-Money Laundering (AML) regulations and enforces strong Know Your Customer (KYC) policies to prevent fraudulent activities.
With these comprehensive measures, IC Markets provides a secure and transparent environment for traders to engage in their activities.
Frequently Asked Questions
Is IC Markets regulated?
Yes, IC Markets is regulated by the Financial Services Authority (FSA) of Seychelles, ensuring compliance with strict financial protocols.
How does IC Markets protect client funds?
IC Markets ensures client funds are safeguarded by segregating them into accounts with top-tier banking institutions and adhering to regulatory standards.
What security measures does IC Markets implement?
IC Markets follows Anti-Money Laundering (AML) regulations, enforces Know Your Customer (KYC) policies, and conducts external audits to ensure secure operations.
Does IC Markets comply with the Seychelles Securities Act?
Yes, IC Markets complies with the Seychelles Securities Act, implementing internal risk management controls to maintain proper capitalization and operational efficiency.
Our Verdict
IC Markets is a highly secure and regulated broker that adheres to strict compliance measures, ensuring a safe trading environment for its clients. Its commitment to segregation of client funds, external audits, and adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) policies underscores its dedication to transparency and security.
Minimum Deposit and Account Types
IC Markets provides a low minimum deposit requirement, ensuring accessibility for traders of all experience levels. Here’s a breakdown of the account options:
- Standard Account: With a minimum deposit of just $200, traders can begin their journey with an affordable initial investment.
- Raw Spread Account: Also requiring a $200 minimum deposit, this account offers tight spreads and lower trading costs, ideal for cost-conscious traders.
- Islamic Account: For traders seeking Sharia-compliant solutions, the minimum deposit is likewise $200, ensuring accessibility and fairness for all.
This versatile structure allows both beginner and experienced traders to select an account that aligns with their trading preferences while keeping initial expenses minimal.
Frequently Asked Questions
What is the minimum deposit for IC Markets?
The minimum deposit for all account types at IC Markets is $200.
Is IC Markets suitable for beginner traders?
Yes, IC Markets’ low minimum deposit and range of account types make it an ideal choice for beginners.
Are there any fees for opening an account?
No, IC Markets does not charge any fees for account opening.
Can I switch between account types?
Yes, traders can change account types if their needs or strategies evolve.
Our Verdict
IC Markets offers an excellent trading environment with a low barrier to entry, making it accessible to both novice and seasoned traders. With flexible account options and no excessive initial costs, it’s a solid choice for anyone looking to enter the market.
How to open an IC Markets Account
1. Step 1: Start the Registration Process
The account applicant can start the IC Markets account registration process by clicking on the green “Start Trading” button located on the broker’s website.
2. Step 2: Complete the Registration Process
The applicant will be required to complete sections of information in order for the account application to be successfully completed.
Trading Platforms
IC Markets offers three top-tier trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, each designed to meet the needs of different traders.
MetaTrader 4 (MT4)
Known for reliability, MT4 is perfect for advanced charting, technical analysis, and automated trading via Expert Advisors (EAs). It offers a wide range of customizable tools.
MetaTrader 5 (MT5)
An upgraded version of MT4, MT5 provides advanced tools, more timeframes, and multi-asset trading, including Forex, stocks, and futures.
cTrader
Known for its user-friendly interface, cTrader offers transparent pricing, fast order execution, and strong charting and algorithmic trading features, ideal for professional traders.
Frequently Asked Questions
Which platform is best for beginners?
MetaTrader 4 (MT4) is widely regarded as user-friendly, making it a good choice for beginners.
Can I trade stocks on IC Markets?
Yes, both MT5 and cTrader allow trading in stocks alongside Forex and futures.
Are these platforms compatible with automated trading?
Yes, all three platforms support automated trading via Expert Advisors (MT4/MT5) and cAlgo (cTrader).
Is cTrader better than MetaTrader?
It depends on preferences. cTrader is known for its speed and simplicity, while MetaTrader offers more advanced customization and a broader range of tools.
Our Verdict
IC Markets provides robust and diverse platforms to suit all trading styles, from beginners to professionals. With advanced features and customization options, traders can find the ideal platform for their strategies.
Fees, Spreads, and Commission
IC Markets is known for its low fees, tight spreads, and competitive commission structures. The Raw Spread accounts offer spreads starting at 0.0 pips, among the tightest in the industry.
Raw Spread Account (MetaTrader)
Spreads from 0.0 pips with a commission of $3.50 per lot (round turn), perfect for day traders and scalpers.
Raw Spread Account (cTrader)
Spreads from 0.0 pips with a commission of $3 per 100k round turn, ideal for cTrader users.
Standard Account
No commission, with spreads starting at 0.8 pips, suitable for traders who prefer to avoid extra fees.
These cost-effective pricing models and diverse account options make IC Markets a great choice for traders seeking affordability.
Frequently Asked Questions
What is the commission for the Raw Spread account?
The commission is $3.50 per lot on MetaTrader and $3 per 100k on cTrader.
Are there commissions on the Standard Account?
No, the Standard Account charges no commission.
What are the spreads like on IC Markets?
Spreads start at 0.0 pips for the Raw Spread accounts and 0.8 pips for the Standard Account.
Which account is best for scalpers?
The Raw Spread Account with tight spreads and low commission is ideal for scalpers.
Our Verdict
IC Markets offers some of the most competitive pricing in the industry, with tight spreads and low commissions. This, combined with flexible account types, makes it an excellent choice for traders looking for cost-effective trading solutions.
Deposit and Withdrawal
IC Markets provides a wide range of easy deposit and withdrawal options, ensuring convenience for traders. You can deposit via Bank Wire, Credit/Debit Cards, Cryptocurrency Wallets, or e-wallets like PayPal, Skrill, and Neteller. Withdrawals can be made using the same methods, with added security measures.
Importantly, IC Markets does not charge any fees for deposits or withdrawals, although fees from financial institutions may apply.
Frequently Asked Questions
What deposit methods does IC Markets offer?
IC Markets supports Bank Wire, Credit/Debit Cards, Cryptocurrency Wallets, PayPal, Skrill, and Neteller.
Are there any withdrawal fees?
No, IC Markets does not charge fees for withdrawals, but financial institutions may impose their own fees.
How long do withdrawals take?
Withdrawal times vary depending on the method, with e-wallets usually being the fastest.
Can I use cryptocurrency for deposits?
Yes, IC Markets accepts deposits via Cryptocurrency Wallets.
Our Verdict
IC Markets offers a wide variety of convenient and fee-free deposit and withdrawal options, making it easy for traders to manage their funds securely.
Customer Reviews
🥇 Great Offering.
I’ve been trading with IC Markets for over a year, and I couldn’t be happier. The spreads are incredibly tight, especially on the Raw Spread account, which has significantly improved my trading profits. The platform is user-friendly, and the customer support team is always responsive and helpful. Highly recommended for both beginners and experienced traders! – Steve
🥈 Happy Client.
IC Markets offers an impressive range of trading instruments and great platform options like MT4 and cTrader. I love the analytical tools available, which have helped me refine my strategies. The only downside I’ve experienced is that withdrawals can take a bit longer than expected, averaging around 3 business days. Overall, I’m satisfied with my experience! – Vince
🥉 Highly Recommended.
What I appreciate most about IC Markets is their transparency. The fees and spreads are clearly outlined, and there are no hidden charges. The funding process was straightforward, and my deposits were processed quickly. I’ve tried several brokers, but IC Markets stands out for its reliability and excellent trading conditions. I’m here to stay! – Kelly
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | Limited product selection |
| Fast account opening | Slow live chat support |
| Tight Spreads | Withdrawal Processing Times |
| Multiple Trading Platforms | Commission on Raw Spread Accounts |
| Low Commissions | Limited Educational Resources |
| Flexible Funding Options | Swap Rates |
Conclusion
IC Markets combines safety, competitive pricing, and a vast selection of trading instruments, making it a top choice for traders worldwide. With a focus on fast execution and low spreads, this broker is well-suited for both novice and experienced traders. Its robust regulatory framework and commitment to client support further solidify its reputation in the industry.
You might also like:
- Sign-Up Bonus
- Minimum Deposit
- Account Types
- Islamic Account
- Demo Account
- Fees, Spreads, and Commission
Frequently Asked Questions
What trading platforms does IC Markets support?
IC Markets offers popular trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.
Can I use mobile trading apps with IC Markets?
Yes, IC Markets provides mobile apps for both MT4 and MT5 for trading on the go.
Does IC Markets offer trading tools or resources?
Yes, IC Markets provides various trading tools, including economic calendars, market analysis, and educational resources.
How can I open an account with IC Markets?
You can open an account online by filling out the registration form on their website.
What documents are needed to verify my account?
Typically, you will need a government-issued ID and a proof of address document.
What leverage does IC Markets offer?
IC Markets offers leverage up to 1:500, depending on the account type and regulation.
How are trades executed at IC Markets?
IC Markets uses a raw pricing model with STP (Straight Through Processing) execution for fast and efficient trading.
Is there a trading commission on trades?
The commission structure depends on the account type; Raw Spread accounts typically have a commission per trade.
What customer support options are available?
IC Markets provides customer support via live chat, email, and phone.
What hours is customer support available?
Customer support is typically available 24/5 to assist traders.
