IC Markets Review 2027: Fees, Safety & Account Types

IC Markets Forex Broker 2026: regulation, spreads, minimum deposit, leverage, platforms, bonuses and withdrawals of IC Markets, tested by experts.

IC Markets is a Forex and CFD broker founded in 2007 and incorporated in Sydney, Australia. It is built around an ECN-style setup that sources prices from a large pool of liquidity providers, and it is best known for raw spread pricing and a wide choice of trading platforms. This IC Markets review looks at regulation, account types, costs, platforms, funding, support and who the broker suits, so you can judge whether it fits your trading style.

IC Markets Forex Broker: IC Markets Overview

IC Markets is headquartered in Australia and serves clients through several regulated entities. Over time it has expanded internationally and built support operations for different regions, including Chinese-language support. Its main attraction is pricing on major FX pairs, where spreads can start from 0.0 pips depending on the account type. Our editorial rating for the broker is 3.40 out of 5.

Product range and trading conditions can vary by entity and by instrument, so the terms you see depend on where your account is registered. That point comes up repeatedly in this review and is worth checking before you fund an account.

IC Markets Regulation and Safety

IC Markets is regulated by ASIC in Australia and CySEC in Cyprus for European clients. It also operates under FSA Seychelles for international clients. Each entity follows its own local rules, so the protections you receive depend on the entity you sign up with.

International accounts are commonly opened through the offshore entity. Many traders prefer the Australian or European branches for stricter oversight, so compare the protections, leverage limits and terms of each entity before committing funds. If you want to see how another regulated broker is structured, our XM Group review covers a different setup.

Regulated entities must keep client money separate from company operating funds, though the exact requirements depend on the entity. The broker also states that it is a member of the Financial Ombudsman Service (FOS) in Australia, which supports external dispute resolution for eligible complaints.

Track record matters too. IC Markets has a long operating history, and traders often point to pricing and execution quality as strengths. Some users report occasional withdrawal delays or platform issues, which the broker typically handles through support.

IC Markets Account Types

IC Markets offers three core live accounts: Standard, MetaTrader Raw Spread and cTrader Raw Spread. Islamic (swap-free) accounts are available where the entity allows, and Pro accounts are offered to eligible European professional clients. The table below compares the three core accounts as listed.

The Standard account suits traders who want simple, spread-only pricing and are happy with a longer-term approach. The raw spread accounts are aimed at active traders who want tight spreads and low-latency execution, and who accept a separate commission per trade. Base currency options cover a wide set of major currencies, which can help reduce conversion costs.

To open an account, you complete an online form, upload ID and proof of address, choose your platform and account type, then fund the account. A demo account is available on MT4, MT5 and cTrader for practice before you go live.

IC Markets Fees and Spreads

IC Markets is known for clear pricing, but your total cost depends on the account type, platform and entity you register under. Pricing follows an ECN-style model, so the commission on raw accounts is charged separately from the spread.

• Raw spreads: from 0.0 pips on the raw spread accounts
• Standard spreads: from 0.8 pips with no commission
• Average EUR/USD spread: 0.82 pips, as listed by the broker
• Swaps: overnight financing applies when positions are held past the daily cutoff, and the amount depends on the instrument and direction
• Deposit and withdrawal fees: the broker typically does not charge these, but third-party providers may
• International bank wires: bank charges may apply, for example around AUD 20 deducted from the withdrawal amount, based on the broker's notes

Spreads still move with market conditions, time of day and volatility, so the figures above are starting points rather than fixed costs. Some non-FX instruments can run wider than average, so check the spread on the specific product you trade.

IC Markets Trading Platforms and Tools

The platform list is one of the broker's strongest points. IC Markets supports MetaTrader 4, MetaTrader 5, cTrader, and TradingView where the entity allows it. ZuluTrade adds social trading through the Australian entity.

• MT4: solid for FX trading, indicators and Expert Advisor automation
• MT5: adds more markets, more order types and a built-in economic calendar
• cTrader: supports one-click trading, advanced order types and automation via cAlgo; often preferred by active traders for order handling and interface design
• WebTrader: browser-based trading for MT4 and MT5, with charting, live pricing and order management
• Mobile apps: available for iOS and Android through the platform providers, with alerts and push notifications

IC Markets also offers VPS hosting for traders who run EAs and need stable connectivity, along with Signal Start for third-party trade signals. Copy trading is supported through cTrader and ZuluTrade.

IC Markets Instruments and Leverage

According to the broker's own figures, IC Markets offers 2,250+ instruments. These include more than 61 currency pairs (major, minor and exotic), commodity CFDs, 25 indices, 9+ bonds, crypto CFDs, 2,100+ stock CFDs covering Australian and US listings, and a limited set of global futures CFDs.

Crypto is offered as CFDs, so you speculate on price moves without owning the coins. Leverage on crypto is lower than the headline maximum and varies by platform and entity. The material cites 1:5 on cTrader and TradingView and up to 1:200 on MetaTrader, so confirm the current limit before you trade.

Leverage depends on where the account is registered. Australian and European entities offer up to 1:30, while the international entity offers up to 1:500. Higher leverage can increase gains and losses, so risk controls matter, especially at higher settings.

IC Markets Deposits and Withdrawals

The minimum deposit is $200 across all main account types. IC Markets accepts bank wire transfers, credit and debit cards, and e-wallets including PayPal, Neteller and Skrill. Processing times depend on the method, and many options fund quickly. The broker usually does not add deposit fees, but your payment provider might.

Withdrawals can be made by bank transfer, card or selected e-wallet, with availability varying by region. Withdrawal fees are typically not charged by the broker, but bank charges can apply to international wires. Check the method you plan to use before you deposit, so you know the likely cost in both directions.

IC Markets Bonus Offer

IC Markets currently lists a $30 USD welcome bonus. Bonus eligibility, conditions and withdrawal rules can change and vary by entity, so read the official terms on the broker's website before you claim it. Do not treat a small bonus as a reason to pick a broker on its own; costs, regulation and platform fit matter more over time.

IC Markets Customer Support and Education

Support is available 24/7 in multiple languages through live chat, email and phone. The global entity lists region-based phone numbers on its website. A general contact number shown in the material is +248 467 19 76, and one listed support email is support@icmarkets.com. Support quality can vary a little by entity, but feedback is generally positive.

Education is a clear strength. Resources include live webinars, video tutorials, Forex and CFD learning sections, a podcast and a glossary. Research support covers an economic calendar, market news and technical analysis content, and the broker integrates third-party analysis from Trading Central. Beginners can start with the demo account and basic lessons, then move on to risk management and platform training.

Who IC Markets Is Best For

IC Markets works well for several trader types. It is commonly used by beginners, active day traders and strategy-focused traders who want platform choice and low FX costs. It tends to suit:

• New traders who want a demo account and learning content
• Experienced traders who care about spreads and execution
• MT4, MT5 or cTrader users
• EA users, algo traders, scalpers and hedgers
• Copy and social trading users
• Australian and European clients who want a regulated entity

It may not be the right fit if you want a broker-built proprietary platform, only trade fixed spreads, or need a large suite of research tools outside the platforms. IC Markets also does not accept clients in certain countries, including the USA, Canada, Brazil, Israel, New Zealand, Belgium, the United Kingdom, Iran and North Korea. Availability can change by entity, so confirm your eligibility during sign-up.

If you are comparing options, our JustMarkets review and Doo Prime review cover other brokers with different account structures.

Risk reminder: leveraged CFD and Forex trading carries a high risk of losing money quickly. Only trade with capital you can afford to lose.

Further reading: Contract for difference (Wikipedia).

Before you open an account, compare this IC Markets Forex Broker with other brokers and check the regulator's register yourself.