IC Markets review

Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026

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Our verdict

IC Markets suits experienced day-traders who want a wide market list and no account fee, and it is a weaker fit if you want to start small. The minimum deposit of $200 is the number most readers will notice, while the inactivity fee of $0 takes that worry away.

Key facts

Best for
Experienced day-traders who trade several asset classes and want no inactivity charge.
Minimum deposit
$200 (Source, checked September 26, 2026)
Inactivity fee
$0 (Source, checked September 26, 2026)
Markets
Stocks, Forex, CFDs, Futures, Crypto, Bonds (Source, checked September 26, 2026)
Regulators
SIPC (Source, checked September 26, 2026)
Investor protection
SIPC up to USD 500,000 (Source, checked September 26, 2026)
Deposit and withdrawal fees
No internal deposit fees (Source, checked September 26, 2026)
Platforms
MetaTrader 4, MetaTrader 5, CTrader, TradingView, WebTrader, IC Social (Source, checked September 26, 2026)
Legal entity
RB INTERNATIONAL MARKETS (USA) LLC (Source, checked September 26, 2026)
Features
Demo account, Copy trading, Mobile app
Pricing model
Low fees
Audience
Experienced traders, Day traders
Official website
icmarkets.com

Apps and profiles

Elsewhere
WikidataX

Pros and cons

Pros

  • The inactivity fee is $0, and the brand ranks at 1 of 56 brands on that measure.
  • Deposit and withdrawal carry no internal fees, so moving money in and out does not add to the cost of a trade.
  • You can trade stocks, forex, contracts for differences, futures, crypto and bonds from one account, which is a wider list than eToro's stocks, etfs and forex.
  • Platform choice runs to MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader and IC Social, so you can work in the terminal or in a web platform.
  • A demo account is available, which lets you size a trade before risking cash.

Cons

  • The minimum deposit of $200 sits above the site median of €4.64, so the account is less accessible than CFI, where the minimum deposit is $0.
  • The brand ranks at 172 of 213 brands on minimum deposit, which puts the entry cost near the expensive end of the list.
  • The stated audience is experienced traders and day-traders, so a first-time investor gets less hand-holding than the low-fees brands on the site.
  • Only one protection scheme appears in the licences, with SIPC as the sole regulator, and the legal entity behind the brand is RB INTERNATIONAL MARKETS (USA) LLC.

Ready to try IC Markets?

Scored 9.0 / 10 by BrokerCue.

See alternatives

Who it suits

  • Experienced day-traders trading forex, contracts for differences, futures and crypto through a single account
  • Anyone who trades on several platforms and wants MetaTrader, cTrader, TradingView and a web platform side by side
  • Traders who want to hold an account open without paying an inactivity fee

Who should look elsewhere

  • First-time investors who want a guided, beginner-led platform, where eToro suits better
  • Anyone starting with a small amount, since Vantage opens at a minimum deposit of $5 against $200 here
  • Long-term investors building a portfolio of funds or exchange-traded products, which eToro covers with its wider stocks, etfs and forex

Markets and platforms

The market list is broad for a trading broker. You can trade stocks, forex, contracts for differences, futures, crypto and bonds, and the brand is positioned as a low-fee model rather than a commission-free one. Platform choice is the other side of the offer, and it is unusually wide: MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader and IC Social all sit behind the same account. That mix suits people who like working in a charting terminal on a desktop and want the same view on a phone. Compared with eToro, whose markets cover stocks, exchange-traded products, forex, contracts for differences, crypto and futures, IC Markets adds bonds while dropping exchange-traded products from the list. So the practical test is whether you want bond exposure alongside short-term trading, or a simpler product range.

How your money is protected

The regulatory picture here is narrow and specific. The regulator on the licences is SIPC, in the US, and the legal entity is RB INTERNATIONAL MARKETS (USA) LLC. Investor protection runs through the same body at SIPC up to USD 500,000, which is the stated ceiling on how much is covered. The licence itself is SIPC member 71021, which is the membership record you can check. One protection scheme means the safety of the money rests with a single scheme rather than a stack of them, so it is worth reading the terms of that scheme before you scale up a position. If you want a wider set of schemes and regulators behind the account, compare a brand that lists more than one before you commit.

Account opening and funding

Funding the account starts with a minimum deposit of $200, which is the figure that decides whether the account is practical for your balance. On cost of moving money, the record is simple: No internal deposit fees, so a transfer in or out does not carry a charge inside the broker. The pair of numbers together tells you what a first transfer really costs. Readers comparing entry points should set the minimum deposit against the site median of €4.64 and against the named alternatives, since a broker with a lower floor leaves more room to test a strategy on live money before you scale.

How it compares on our data

Against the wider list, IC Markets splits its strengths. On inactivity the brand sits at 1 of 56 brands, which is the strongest result in the pack. On minimum deposit it ranks at 172 of 213, so the entry cost is the weaker side of the trade-off. Read together, they say the account is cheap to keep and demanding to open. That pattern suits a trader who funds the account once, keeps it live and then works it over time, and it does not suit someone starting with a small sum who might open and close positions across a long period.

Fees and costs

The recurring costs are the easy part. The inactivity fee is $0, so there is no charge for leaving an account dormant, and the model is a low-fee one rather than a commission-free model. On the movement of money, No internal deposit fees. The number that needs a second look is the entry point: a minimum deposit of $200 is money committed before a single trade is placed, and it stands above the site median of €4.64. For a finance-minded reader the sequence is straightforward. Holding costs are nil, transfer costs are nil, and the cost sits at the point of entry rather than in the running of the account.

The company behind it

Behind the brand sits a single named company, RB INTERNATIONAL MARKETS (USA) LLC, and the regulator record is tied to that entity rather than to the trading name you see. The licence reference is SIPC member 71021, which is the membership identifier that ties the company to the protection scheme. A single entity is simpler to read than a group with several entities across regions, and it also means the credit history, the terms and the protection all attach to the same firm. Before you fund the account, check that the entity on your own paperwork matches this one, because the protection follows the legal entity rather than the name on the platform.

How IC Markets compares

Where IC Markets is available

Available
Everywhere except United States
Licence in United States
SIPC (SIPC member 71021), checked September 26, 2026

Countries from the brand (checked September 26, 2026)

Frequently asked questions

What is the minimum deposit to open an IC Markets account?+

The minimum deposit is $200. Set that against the site median of €4.64 to see where the entry point sits, and remember this money is committed before any trade is placed. Readers starting small may prefer a lower floor elsewhere.

Is there an inactivity fee at IC Markets?+

The inactivity fee is $0, so an account can sit open without a charge for being dormant. The brand ranks at 1 of 56 brands on that measure, which makes it one of the strongest results in our data for holding costs.

What does it cost to deposit and withdraw money?+

Deposits and withdrawals carry No internal deposit fees, so moving money in or out does not add an internal charge to the cost of a trade. That leaves the spread and the trading costs as the main things to weigh for a finance-minded reader.

How is my money protected at IC Markets?+

The protection runs through SIPC in the US, and the stated cover is SIPC up to USD 500,000. The regulator on the licences is SIPC and the membership record is SIPC member 71021, both tied to the same scheme.

Which platforms can I trade on?+

You can use MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader and IC Social from the same account. That range is the practical reason to choose a trading broker over a simpler platform, and a demo account is available to try the platforms before you commit cash.

Which markets can I trade?+

The market list covers stocks, forex, contracts for differences, futures, crypto and bonds. The model is a low-fee one, so costs come from trading rather than from a monthly account charge, and the range is wider than eToro's stocks, etfs and forex once bonds are counted.

Who does IC Markets suit?+

The stated audience is experienced traders and day-traders, and the platform list supports people who work in charting terminals on a desktop. A first-time investor who wants guidance will find less of that here than on a beginner-led platform.

Which company sits behind the brand?+

The legal entity is RB INTERNATIONAL MARKETS (USA) LLC, and the licence record is SIPC member 71021. Because the protection follows the legal entity rather than the trading name, check that the entity named on your own paperwork matches this one.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Stock trade fee, Account fee, Retail accounts that lose money.

IC Markets

Experienced day-traders who trade several asset classes and want no inactivity charge.

9.0/10See alternatives

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