IC Markets Review

Want to see if IC Markets is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?

We provide answers to all the questions in this IC Markets Review.

We checked all IC Markets licenses and regulations to see if IC Markets scam or safe. We compared IC Markets fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.

What is IC Markets

IC Markets is a global Forex and CFD broker, established in 2007 in Sydney.

The company operates under the license issued by the top-tier ASIC in Australia and additional entity in Cyprus.

IC Markets highlights

🗺️ Regulated in	Australia, Cyprus, Seychelles
🛡️ Is IC Markets safe to trade	Yes
💵 EUR/USD spread	1.1 pips
🏦 Deposit	Bank Wire, Cards, Skrill, PayPal, WebMoney, Neteller
💰 Minimum deposit	US$200
🏦 Withdrawal	Bank Wire, Cards, Skrill, PayPal, WebMoney, Neteller
💻 Trading platform	MT4, MT5, cTrader
💳 Trading markets	Forex, CFDs on Commodity, Indices, Bonds, Cryptocurrency, Futures, Stocks
📈 Number of product	242+
📉 Live chat response	Instant and relevant answers

Regulation

License and regulation are the keys to traders’ fund security. We check two facts, a license that broker carry also its background, and how you are protected if something goes wrong.

Is IC Markets legit

IC Markets is regulated by several financial authorities, it is established under the Australia Securities and Investment Commission (ASIC) regulation, and expand EU offering via the Cyprus Securities and Exchange Commission (CySEC).

IC Markets licenses and status

Entity	Registered in	Regulator	License no.	Status
International Capital Markets Pty Ltd	Australia	Australia Securities and Investment Commission (ASIC)	ACN 123 289 109. AFSL 335692	Currently Regulated
IC Markets EU Ltd	Cyprus	Cyprus Securities and Exchange Commission (CySEC)	362/18	Currently Regulated
Raw Trading Ltd	Seychelles	Seychelles Financial Supervisory Authority (FSA)	SD018	Registered

Is IC Markets safe

Yes, IC Markets is considered safe because it is regulated by the top-tier regulators.

IC Markets operates three legal entities, while recently introduced entity under Seychelles.

IC Markets compensation scheme

Entity	Compensation Amount	Negative Balance Protection
International Capital Markets Pty Ltd	No compensation	Yes
IC Markets EU Ltd	€20,000	Yes
Raw Trading Ltd	No compensation	Yes

We recommend you register your account with the EU or Australia entity

IC Markets provides negative balance protection, so your balance will retrieve to 0, in case your trades go negative.

Markets and Products

At IC Markets you can trade Forex Currency Pairs and CFDs on Commodities, Indices, Futures, Stocks, Bonds and Cryptocurrencies.

Markets	Instruments
Forex	60
Indices	23
Commodities	19
Bonds	6
Cryptocurrencies	10
Shares	120+

Account types

IC Markets has three account types with different pricing models and the trading platform. Islamic Accounts available on request.

Login

Login Account available on the website, where you access online account area with full account management.

Live Accounts

	Raw Spread cTrader	Raw Spread	Standard
Minimum Deposit	200 USD	200 USD	200 USD
Minimum Balance	–	–	50,000 USD/EUR/GBP
Spreads From	0.0 pips	0.0 pips	1 pips
Commissions	3$ per side	3.5$ per side	Zero Commissions

Fees and commissions

We ranked IC Markets fee levels as average based as we recall its Live Account Spread and compare to 150 brokers in our database.

The spread we collected for popular instruments from 6 markets and over 150 brokers

Markets	Instruments	Low	Average	High
Forex	EUR/USD	0.1-0.9	1-1.5	1.6 or higher
Indices	US 500	0.1-0.4	0.5-1.4	1.5 or higher
Commodities	Gold	0.1-0.4	0.5-2	2.1 or higher
Stocks	Tesla	0.1-0.5	0.6-1	1.1 or higher
ETFs	US Russell 2000	0.1-0.4	0.5-1.4	1.5 or higher
Cryptocurrencies	Bitcoin	0.1-0.5%	0.6-0.9%	1% or higher

Spreads

IC Markets fee structure is different in each account type.  

Comparing the spreads charged for our test trades Raw account spreads average on 0.1 pip for EURUSD, and Standard account to industry benchmarks, we find the spreads for all instruments to be average.

Markets	Instruments	Standard	Other brokers’ avg spread
Forex	EUR/USD	1.1	1-1.5
Indices	US 500	0.6	0.5-1.4
Commodities	Gold	2	0.5-2
Stocks	Tesla	0.13%	0.6-1
ETFs	US Russell 2000	–	0.5-1.4
Cryptocurrencies	Bitcoin	10	0.6-0.9%

Other Fees

IC Markets has average non-trading fees. There is no fee for deposit, or withdrawals, there is no inactivity fee, but trading Stocks may add on data exchange fees.

Trading Conditions

The trading conditions at IC Markets are good. You can deploy mostly all types of strategies including scalping, daytrading, EAs and hedging.

Trading Conditions	Yes/No
Hedging Allowed	Yes
Scalping Allowed	Yes
Change Leverage Allowed	Yes

For hedging, there are no time limitations for keeping hedging positions.

For scalping, Raw Spread account is good for scalpers, IC Markets working with ForexVPS.net, NYCServers and Beeks FX for VPS service and run Expert Advisors (EAs).

Deposit

IC Markes charges no deposit fees. You can use 10 account base currencies and deposit via bank transfer, credit cards, PayPal, and various e-payments. But, full range may not be available to EU and Australian clients.

A bank transfer can take several business days, while payment with credit/debit cards and PayPal are instant.

Deposit Method	Funding Time	Fee
Bank Wire Transfer	2-5 business days	0$
Credit / Debit Card	Instant	0$
PayPal	Instant	0$
Neteller	Instant	0$
Skrill	Instant	0$
WebMoney	Instant	0$
BPay	12-48h	0$
FasPay	Instant	0$

Minimum Deposit

The required IC Markets minimum deposit is $200 for all account types.

Withdrawal

Similar to deposits IC Markets charges no fees for withdrawal. Same payment options available for withdrawals, but with applied conditions.

IC markets process withdrawals within 1-2 business days, extra days to reach your account are defendant on the provider.

Withdrawal Method	Withdrawal Time	Fee
Bank Wire Transfer	Up to 14 business days	20$ for International transfers
Credit / Debit Card	3-5 business days	Free
PayPal	Instant	Free
Neteller	Instant	Free
Skrill	Instant	Free
WebMoney	Instant	Free
BPay	Instant	Free
FasPay	Instant	Free

Bonus

IC Markets does not offer any deposit bonuses.

Trading Platform

IC Markets uses various platforms MetaTrader4, MetaTrader5 and cTrader. 

MT4

IC Markets MetaTrader4 supporting international languages and is enhanced with extra tools. MT4 is available across all devices on Windows, Mac, Android and IOs.

cTrader

cTrader is a choice of daytraders, supporting cAlgos and raw pricing, likewise available on all devices including Mobile App.

Research and Tools

IC Markets research tools are mainly the ones that are inbuilt into platforms.

Additionally, the broker enhanced MT4 with extra 20 tools like Correlation Matrix, Alarm Manager and Chart Trading. Plus to MAM and PAMM feature.

On the negative side there is no Fundamental data and Analysis or research from leading industry providers.  

IC Markets research tools are available in different places:

• MetaTrader trading platforms
• cTrader Platform
• Trading tools section on the website

Education

IC Markets provides quality educational content. You can find videos, tutorials, Web TV and webinars in its education section.

We didn’t really find negative points, platform videos and all education section is well categorized.

Demo

Demo accounts are on free use and available for all offered platforms including MetaTrader and cTrader.

At IC Markets you can learn in the following ways:

• Demo account
• Trading videos and tutorial videos
• Webinars
• Educational articles

Customer Service

IC Markets customer service is good, FAQ section is very informative and we had fast and relevant answer via the Live Chat.

You can contact IC Markets 24/7 by:

• Live chat
• Telephone
• Email

IC Markets live chat is a little slow speed via website, but agents provide relevant answers

Question Asked	We asked about account types.
Time of Reply	We were connected to customer support Live Chat within 5 minutes
Quality of Reply	The answer is informative.

Conclusion

IC Markets is a safe broker to trade. It is a well-established trading brand under supervision offering a good range of trading platforms suitable for any strategy. From the cons we would note limited research tools.