IC Markets Review

Active forex and CFD traders

FSA CySEC

Why investors choose this broker

Raw spreads start from 0.0 pips
Raw Spread, cTrader and Standard accounts have $0 minimum deposit
Standard account shows $0 commission
IC charges no additional deposit or withdrawal fees

Review summary

IC Markets is a Forex and CFD broker offering MT4, MT5, cTrader and TradingView, with raw spreads from 0.0 pips and forex, stocks, bonds, futures and crypto CFDs.

Pros

Raw spreads start from 0.0 pips
Raw Spread, cTrader and Standard accounts have $0 minimum deposit
Standard account shows $0 commission
IC charges no additional deposit or withdrawal fees
Average execution speed is under 40ms
24-hour trading on over 100 leading US stocks
Free demo account is available

Cons

Raw Pro+ requires a $100,000 minimum deposit
Raw Pro requires a $5,000 minimum deposit
MetaTrader Raw Spread charges $3.50 per lot per side
ASX market data costs $22 AUD per month
ASX Share CFDs have a $7 AUD minimum commission per trade
International bank wire withdrawals may take up to 14 days
Withdrawal processing fee may apply if deposits were not used for trading

Company background

IC Markets is a trading name used by Raw Trading Ltd together with IC Markets Global. The broker is presented as a multi-asset Forex CFD provider for retail and institutional clients. Its product menu focuses on leveraged CFDs, including forex, commodities, indices, bonds, cryptocurrency, stocks and futures. The website also promotes live accounts, demo accounts and account types for different execution styles, including Raw Spread, cTrader, Standard, Raw Pro and Raw Pro+.

Fees and pricing

Pricing depends on the account and platform. The Raw Spread account on MetaTrader charges $3.50 per lot per side, or $7.0 per lot round turn, with spreads from 0.0 pips and an average EUR/USD spread of 0.1 pips. The cTrader and TradingView commission is $3 USD per 100,000 USD traded per side. The Standard account shows $0 commission and spreads from 0.08 pips. Raw Spread, cTrader and Standard accounts show a $0 minimum deposit, while Raw Pro requires $5,000 and Raw Pro+ requires $100,000.

Regulation and safety

Raw Trading Ltd is regulated by the Seychelles Financial Services Authority with Securities Dealer's license number SD018. The IC Markets (EU) Ltd entity is regulated by the Cyprus Securities and Exchange Commission. Client money is held in segregated client money accounts with top-tier international banks, and electronic payments are processed using SSL encryption.

Platform experience

IC Markets supports MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, cTrader, TradingView and the IC mobile app. It also lists IC Social, Signal Start and ZuluTrade for social or copy trading features. MetaTrader 5 is described as the platform for forex, stocks, indices, bonds, cryptocurrencies and commodity CFDs, while cTrader and TradingView are available with raw-style pricing.

Pros and cons

The main strengths are low raw spreads, multiple professional trading platforms, a $0 minimum deposit on core account types and no additional IC deposit or withdrawal fee. The main limitations are account-specific commissions, high minimum deposits for Raw Pro accounts, ASX market data charges and possible third-party or processing fees on some withdrawals.

Ready to open an account at IC Markets?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Raw Spread pricing starts from 0.0 pips, with the MetaTrader Raw Spread account charging $3.50 per lot per side. cTrader and TradingView charge $3 USD per 100,000 USD traded per side, while the Standard account shows $0 commission. IC does not charge additional deposit or withdrawal fees, but bank, intermediary or processing fees may apply in some cases.

Fees

Item	Fee
Bonds	No commissions
Deposit	IC does not charge any additional fees for deposits
Futures	No commissions
Withdrawal	IC does not charge additional fees for deposits and/or withdrawals; a processing fee may be applied if deposits have not been utilised for trading
Min Deposit	Raw Spread, cTrader and Standard accounts: $0; Raw Pro: $5,000; Raw Pro+: $100,000
Standard Account Commission	$0
Ctrader Tradingview Commission	$3 USD per 100,000 USD traded per side
Metatrader Raw Spread Commission	USD 3.50 per standard lot per side (USD 7.0 round turn)

Trading platform & features

Platforms

MT4
MT5
WebTrader
TradingView
cTrader
iOS app
Android app
IC Social
Signal Start
ZuluTrade

Regulation and investor protection

Raw Trading Ltd is regulated by the Seychelles Financial Services Authority with Securities Dealer's license number SD018. Client money is held in segregated client money accounts with top-tier international banks.

Broker FAQs

Is IC Markets safe?

IC Markets operates through Raw Trading Ltd, which is regulated by the Seychelles Financial Services Authority with Securities Dealer's license number SD018. Client money is held in segregated client money accounts with top-tier international banks.

Is IC Markets a scam?

No. IC and IC Markets Global are trading names of Raw Trading Ltd, which is regulated by the Seychelles Financial Services Authority with license number SD018.

Is IC Markets regulated and by whom?

Raw Trading Ltd is regulated by the Seychelles Financial Services Authority. The IC Markets (EU) Ltd entity is regulated by the Cyprus Securities and Exchange Commission.

Does IC Markets keep client funds in segregated accounts?

Yes. Client money is held in segregated client money accounts with top-tier international banks. IC states that it does not use those funds for operational expenses or purposes.

What products does IC Markets offer?

IC Markets offers Forex CFDs, Commodities CFDs, Indices CFDs, Bonds CFDs, Cryptocurrency CFDs, Stocks CFDs and Futures CFDs.

Does IC Markets offer crypto?

Yes. IC Markets offers Cryptocurrency CFDs, including Bitcoin CFD, Ethereum CFD, Dash CFD, Litecoin CFD, Ripple CFD, Dogecoin CFD, Cardano CFD and other named crypto CFDs.

Does IC Markets have a demo account?

Yes. IC Markets provides a demo trading account application and links to try a free demo account across its website.

Does IC Markets have a mobile app?

Yes. IC Markets offers the IC mobile app and lists mobile versions for MetaTrader and cTrader, including iPhone, iPad and Android options.

What platforms does IC Markets support?

IC Markets supports MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, cTrader, TradingView, IC Social, Signal Start and ZuluTrade.

What is the minimum deposit at IC Markets?

The Raw Spread, cTrader and Standard accounts show a $0 minimum deposit. Raw Pro requires $5,000, while Raw Pro+ requires $100,000.

What does IC Markets charge for forex trading?

Raw spreads start from 0.0 pips, and the average EUR/USD spread is shown as 0.1 pips. The MetaTrader Raw Spread account charges $3.50 per lot per side, while cTrader and TradingView charge $3 USD per 100,000 USD traded per side.

What does IC Markets charge for stock trades?

For ASX trading, the market data fee is fixed at $22 AUD per month. ASX Share CFDs have a minimum commission fee of $7 AUD per trade.

Is there a withdrawal fee at IC Markets?

IC does not charge additional fees for deposits or withdrawals. Additional bank, intermediary or beneficiary fees may occur, and a processing fee may be applied if deposits have not been utilised for trading.

How long does it take to withdraw from IC Markets?

Withdrawal requests submitted before 12:00 AEST/AEDT are processed on the day of receipt, while later requests are processed the following business day. Credit and debit card withdrawals may take 3-5 business days, and international bank wire transfers may take up to 14 days.

Is IC Markets good for day trading?

IC Markets presents its Raw Spread account as built for day traders, scalpers and expert advisors. It lists spreads from 0.0 pips, an average EUR/USD spread of 0.1 pips and average execution speed under 40ms.

Bottom line

IC Markets suits active forex and CFD traders who want raw-spread pricing, multiple trading platforms and flexible account types. It may not suit users who want non-leveraged investing products or who want to avoid account-specific commissions, ASX data fees or possible third-party withdrawal costs.

IC Markets

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.