IC Markets is one of the top brokers in the financial market.
IC Markets delivers an impressive range of social copy-trading platforms and platform plugins, and the broker’s research and educational offerings have recently improved to become more competitive with its industry peers.
IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.
| KEY TAKEAWAY |
| ・favorable trading conditions ・a large choice of working instruments – 2,100+ trading assets ・low spreads – from 0 pips ・high speed of order execution ・availability of many analytical training materials ・ability to trade from a mobile device ・ability to engage in scalping and hedging ・high-quality customer service |
＼Open an account now！／Open my account with IC Markets
Summary of IC Markets
IC Markets is a brokerage company established in 2007 in Sydney, Australia.
IC Markets group of companies provides access to financial markets across the world.
The group has offices located in different regions enabling IC Markets to work with traders from practically any jurisdiction legally and in compliance with the local law.
| Licence Raw Trading Ltd, IC Markets Global, is authorised by the Seychelles Financial Services Authority as a Security Dealer for the provision of financial services under License NO SD018. |
IC Markets is also a member of the Financial Commission, an independent organization that deals with disputes and has an insurance fund with up to EUR 20,000 coverage per each trader.
| Office Locations | |
| Adress | Eden Plaza,Office 222, Eden Island,Mahe, Seychelles |
| Contact | +248 467 19 76 |
| SUPPORT@ICMARKETS.COM | |
| Office Hours | Monday – Saturday (AEDT) 07:00 – 07:00 Sunday – Friday (GMT) 22:00 – 22:00 |
Pros and Cons
Pros
| Pros |
| ・favorable trading conditions ・a large choice of working instruments – 2,100+ trading assets ・low spreads – from 0 pips ・high speed of order execution ・availability of many analytical training materials ・ability to trade from a mobile device ・the use of trading advisers is allowed ・ability to engage in scalping and hedging ・availability of Islamic accounts ・high-quality customer service |
Cons
| Cons |
| ・no additional bonuses and contests for traders ・some delays in payments for a couple of days ・no weekend trading |
Trading Conditions for IC Markets Users
The IC Markets Trading Company meets the needs of customers by providing the opportunity to trade at popular markets with high liquidity.
IC Markets offers traders the use of MT4, MT5, and cTrader trading platforms, as well as the mobile app. In particular, the wide choice of trading tools – 60+ currency pairs, CFDs on futures, indices, commodities, metals, 2,100+ stocks, bonds, cryptocurrencies.Learn More about IC Markets MT4 Trading Platform
Customers often mention in their reviews note the fast execution of orders and low spreads – from 0.0 pips. The spread on the EUR/USD pair on the Raw Spread account is from 0.0 pips (0.02 pips on average), on the Standard account – from 0.6 pips (0.62 pips on average). Leverage from 1:1 to 1:1000.
While the availability of a minimum order in the amount of 0.01 lots makes trading available to a trader of any skill level.
| Trading Conditions | |
| Trading platform | МТ4, МТ5, cTrader |
| Accounts | Demo, Raw Spread, cTrader, Standard, Islamic |
| Account currency | USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, EUR |
| Replenishment / Withdrawal | Account currencies: Bank cards and Wire transfer, transfer from the broker’s account, e-wallets: PayPal, Neteller, Skrill, Union Pay, BPay, POLI, Rapidpay, Klarna, Vietnamese Internet Banking |
| Minimum deposit | $200 |
| Leverage | From 1:1 to 1:500 |
| PAMM-accounts | No |
| Min Order | 0,01–200 (2000–cTrader) |
| Spread | from 0.6 pips for the Standard account, from 0.0 pips for cTrader and Raw Spread accounts |
| Instruments | 60+ currency pairs, CFDs on futures, indices, commodities, metals, 2,100+ stocks, bonds, cryptocurrencies. A total of 2,100+ instruments |
| Margin Call | 100% |
| Stop Out | 50% |
| Liquidity provider | NAB, Westpac |
| Mobile trading | Yes |
| Orders execution | Market Execution Order |
| Trading features | Automated trading is allowed |
| Contests and bonuses | When trading more than 15 lots — free VPS |
Account Type
| Account Raw Spread （cTrader） |
Account Raw Spread |
Account Standard |
|
| Trading Platform |
cTrader, TradingView | MetaTrader | MetaTrader |
| Commission | $3.0($6.0 per USD 100k round turn) | $3.5($7.0 per lot round turn) | $0.0 |
| Spreads from (pips) | 0.0 | 0.0 | 0.8 |
| Starting Deposit (USD) | $200 | $200 | $200 |
| Leverage | 1:1000 | 1:1000 | 1:1000 |
| Maximum number of position orders per account | 2000 | 200 | 200 |
| Server Location | London | New York | New York |
| Micro Lot Trading (0.01) | ⚫︎ | ⚫︎ | ⚫︎ |
| Currency Pairs | 61 | 61 | 61 |
| Index CFD Trading | ⚫︎ | ⚫︎ | ⚫︎ |
| Stop Out Level | 50% | 50% | 50% |
| One Click Trading | ⚫︎ | ⚫︎ | ⚫︎ |
| Islamic Accounts | ⚫︎ | ⚫︎ | ⚫︎ |
| Trading Styles Allowed | All | All | All |
| Order Distance Restriction | None | None | None |
| Programming Language | C# | MQL4 | MQL4 |
| Suitable For | Day Traders & Scalpers | EAs & Scalpers | Discretionary Traders |
Spread
Forex（Major）
| Raw Spread Account |
Standard Account |
|||
| SYMBOL |
DESCRIPTION | MIN | AVG | MIN |
| EURUSD | Euro vs United States Dollar | 0 | 0.06 | 0.8 |
| GBPUSD | British Pound vs United States Dollar | 0 | 0.26 | 0.8 |
| USDCAD | United States Dollar vs Canadian Dollar | 0 | 0.23 | 0.8 |
| USDCHF | United States Dollar vs Swiss Franc |
0 | 0.34 | 0.8 |
| USDJPY | United States Dollar vs Japanese Yen | 0 | 0.22 | 0.8 |
Forex（Minor）
| Raw Spread Account |
Standard Account |
|||
| SYMBOL |
DESCRIPTION | MIN | AVG | MIN |
| AUDUSD | Australian Dollar vs United States Dollar | 0 | 0.10 | 0.60 |
| AUDCAD | Australian Dollar vs Canadian Dollar | 0 | 0.45 | 1.00 |
| EURAUD | Euro vs Australian Dollar | 0.04 | 0.68 | 1.06 |
| EURCAD | Euro vs Canadian Dollar | 0 | 0.49 | 1.00 |
| EURGBP | Euro vs British Pound | 0 | 0.25 | 1.00 |
| GBPAUD | British Pound vs Australian Dollar | 0 | 0.80 | 1.00 |
| GBPCAD | British Pound vs Canadian Dollar | 0 | 0.69 | 1.00 |
| GBPJPY | British Pound vs Japanese Yen | 0 | 0.65 | 0.96 |
CFD on Commodities
| Product | All Accounts | ||
| SYMBOL |
DESCRIPTION | MIN | AVG |
| BRENT | Brent Crude Oil Futures | 0.00 | 0.03 |
| WTI | West Texas Intermediate – Crude Oil Futures | 0.00 | 0.04 |
| XBRUSD | Brent Crude Oil Spot vs United States Dollar | 0.03 | 0.03 |
| XTIUSD | WTI Crude Oil Spot vs United States Dollar | 0.01 | 0.03 |
| XNGUSD | Natural Gas Spot vs United States Dollar | 0.01 | 0.02 |
| Cocoa | Cocoa futures | 4.00 | 4.69 |
| Coffee | Coffee Futures | 0.30 | 0.30 |
| Corn | Corn Futures | 0.88 | 0.88 |
Metals
| Product | Raw Spread Account |
Standard Account |
||
| SYMBOL |
DESCRIPTION | MIN | AVG | MIN |
| XAGEUR | Silver vs Euro | 0.00 | 0.01 | 1.0 |
| XAGUSD | Silver vs United States Dollar | 0.00 | 0.01 | 1.0 |
| XAGAUD | Silver vs Australian Dollar | 0.00 | 0.01 | 1.0 |
| XAUAUD | Gold vs Australian Dollar | 0.00 | 0.31 | 1.0 |
| XAUEUR | Gold vs Euro | 0.00 | 0.28 | 1.0 |
| XAUUSD | Gold vs United States Dollar | 0.00 | 0.08 | 1.0 |
| XAUJPY | Gold vs Japanese Yen | 0.00 | 23.15 | 1.0 |
| XAUCHF | Gold vs Swiss Frank | 0.00 | 0.21 | 1.0 |
Bonds
| Product | All Accounts | ||
| SYMBOL |
DESCRIPTION | MIN | AVG |
| EURBBL | Euro Bobl | 0.010 | 0.010 |
| EURBND | Euro Bund | 0.010 | 0.010 |
| EURSCA | Euro Schatz | 0.010 | 0.010 |
| ITBTP10Y | BTP Italian Bonds | 0.030 | 0.030 |
| JGB10Y | Japanese 10 YR | 0.030 | 0.030 |
| UKGB | UK Long Gilt | 0.010 | 0.010 |
| UST05Y | US 5 YR T-Note | 0.014 | 0.010 |
| UST10Y | US 10 YR T-Note | 0.031 | 0.030 |
Platform
| MT4 | MT5 | cTrader |
 |
 |
 |
About MetaTrader 4
- Market tight spreads and low commissions
- Leverage up to 1:30
- Minimum lot size of 0.01
- Flexible funding and withdrawal options
- No trading restrictions
- Fast order execution
About MetaTrader 5
- Raw pricing Connectivity
- Spreads from 0.0 pips
- Up to 1:30 leverage
- Low latency trading
- Deep liquidity
- Multi-asset platform
About cTrader
- Real-time forex and CFD quotes
- Market leading spreads and low commissions
- 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
- No restrictions on limit orders
- Multiple order types
- Expanded symbol display
- Real-time reports
- One-click trading
Account Funding & Funds Withdrawal
Account Funding
| Funding Option | Accepted Currencies | Approx Processing Time |
| VISA・MasterCard | USD,EUR,GBP | instant |
| PayPal | USD,EUR,GBP | instant |
| NETELLER | USD,EUR,GBP | instant |
| Skill | USD,EUR,GBP | instant |
| RAPID | EUR | it may take up to 2 business days |
| Klarna | EUR | it may take up to 2 business days |
| ALPHA BANK | USD,EUR,GBP | 2-5 business days |
| HELLENIC BANK | USD,EUR,GBP | 2-5 business days |
| nucleus | EUR,GBP | 2-5 business days |
Funds Withdrawal
Withdrawals are processed within 24 hours and the funds will take about 2-5 business days to reach your bank account.
If the fund transaction shall be executed through intermediary banks, you may incur additional fees. You will be liable for any fees charges by the banks for the transactions.
Customer Support
Do you have any question or find any trouble related to IC Markets？
If you do, you should reach IC Markets’s support to get the information that you need.
Here is the detail of the broker’s customer support.
| ・Access to multilingual support ・Live chat 24/7 ・Additional options include e-mail and toll-free numbers ・The Help Center attempts to answer the most common questions |
Email Enquiries
| Client Relations | clientrelations@icmarkets.eu |
| Support | support@icmarkets.eu |
| Accounts | accounts@icmarkets.eu |
| Marketing | marketing@icmarkets.eu |
Conclusion
IC Markets is a platform geared towards experienced traders, or at least those who are okay with learning how to use it a bit.
The fact that various account types are available with different fee models and competitive spreads is a nice feature.
