IC Markets Review

IC Markets Logo

IC Markets are one of my favourite forex brokers that allow you to open a trading account to trade and invest in Forex, Stocks, Cryptos, Commodities, Indices, Bonds, Precious Metals and Energies. They have an impressive selection of more than 1,780 trading instruments that you can buy and sell on easy to use platforms that come fully equipped for an enjoyable online trading experience. The broker has a range of quick and easy funding options with an instant account opening process. The minimum deposit requirement is just $200 or you can open a free demo account to practice trading online until you feel ready to switch over to a live account. You can be trading in a few minutes with industry leading trading conditions including tight spreads, low commission fees and superior execution speeds. IC Markets has grown to become one of the largest Forex and CFD providers in the world by giving traders what they really want and need.

IC Markets has grown over many years to become one of the largest ECN forex brokers in the world. They have achieved this by giving us forex traders what we really want – which is low spreads, plenty of liquidity for minimal slippage to ensure we get our trades filled at the prices we want, low commissions compared to many other forex brokers and 24/7 excellent customer support. In addition to this, we get a great selection of trading tools to help us with our daily trading activities and plenty of educational materials so that we can improve our trading knowledge and skills.

IC Markets MT4 and cTrader trade servers are located in the NY4 and LD5 IBX Equinix Data Centres in New York and London, providing clients with the fastest possible execution speeds. Equinix data centres are known globally for their secure and reliable infrastructure.

The Equinix NY4 and LD5 IBX Data Centres in New York and London are home to 60+ exchanges and trading platforms, 400+ buy and sell side firms, 150+ financial service providers, 675+ network bandwidth options.

Equinix data centres are known to be the most reliable data centres on earth. In these facilities financial market participants can interact between each other with very low latency to ensure the ultra-fast transfer of data, leading to the fastest execution speeds for the end user.

IC Markets Raw Pricing allows you to trade on institutional grade level, using pricing almost equal to the world’s leading execution venues. Executable Streaming Prices (ESP) are sent from IC Markets’ pricing provider to the broker, so that clients can trade with no dealing desk, price manipulation or requotes. Due to the diverse mix comprising of up to 25 different pricing providers at any one time, IC Markets is the forex CFD provider of choice for high volume traders, scalpers and robots who demand the tightest spreads and best execution speeds.

IC Markets Review
IC Markets Review

IC Markets have no restrictions on trading. They have some of the best trading conditions for scalping and high frequency trading globally, allowing traders to place orders between the spread as there is no minimum order distance and a freeze level of 0. This means orders including stop loss orders can be placed as close to the market price as you like.

Traders can also hedge positions as there is no first in first out (FIFO) rule with IC Markets. Traders do not pay margin on hedged trades and enjoy the benefits of margin netting.

IC Markets have partnered with some of the world’s best trading technology companies which allows them to bring forex traders the ultimate trading environment and unique cutting-edge forex trading tools. Some of these tools include: Depth of Market (DOM), inbuilt spread monitoring, ladder trading, automated close of trades with custom order templates, and more. Don’t worry if you do not know what any of these forex trading tools are or if you don’t need them, as a standalone forex broker, IC Markets is a great option in my humble opinion. There is a reason they have been around for so many years and won numerous brokerage awards.

IC Markets Trading Instruments

IC Markets’ carefully selected range of products gives you access to the most popular and liquid markets across the world for the best trading opportunities 24/7. You can trade CFDs on Forex, Stocks, Cryptos, Indices, Commodities, Bonds and more. Trade 60 currency, 16 Commodities including metals, plus 16 major indices including the FTSE 100, S&P/ASX 200 and Dow Jones Index 24 hours a day with a spread as low as 0.5 points.

CFD Trading

In finance, a contract for difference (CFD) is a contract between two parties, typically described as “buyer” and “seller”, stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at contract time. This means that you can buy and sell instruments with IC Markets and make a profit or loss depending on the difference in the price from when you open and close the position, minus any brokerage fees. One of the most beneficial things about trading CFDs, is that you do not need to physically own the underlying asset as you are only speculating on changes in the price.

Forex CFD

The Forex market provides traders the opportunity to trade 24 hours a day, 5 days a week in the world’s most liquid financial market. Traders can take advantage of some of the tightest spreads, superior execution, and deep liquidity across 61 currency pairs.

Indices CFD

Gain exposure to the world’s largest equity markets through IC Markets’ offering of global Indices CFDs. With spreads from 0.4 points on 23 Indices, traders can take a wider view of equities markets whilst enjoying commission free and 24/5 trading across major markets.

Commodities CFD

Trade energy, agriculture and metals products like a currency pair against the USD or as a Futures CFD. IC Markets have combined tight pricing and flexible lot sizes from 10c per point to give you one powerful product.

Stocks CFD

Access over 1600 large-cap Stocks CFDs across the ASX, NYSE and NASDAQ stock exchanges. IC Markets have selected a range of the world’s most popular companies to give you the best trading opportunities.

Bonds CFD

Bonds offer traders the opportunity to speculate on interest rates and global risk on/off sentiment, hedging equities exposure and to diversify their strategy. Choose from a range of Bonds issued by governments around the world including Japan, Europe, the U.K, and the U.S.

Crypto CFD

Go long or short across a range of the world’s largest and most popular Cryptocurrencies. Trade against other retail traders 7 days a week where price movements are driven primarily by fear and greed, news and prevailing sentiment. Enjoy trading with a leverage of up to 1:5 and eliminate Cryptocurrency Exchange risk by trading with a regulated CFD Provider.

Futures CFD

Futures are one of the most popular form of CFDs. IC Markets offer a range of Futures from around the world, including ICE Dollar Index and CBOE VIX Index. Online Futures based CFDs are offered exclusively on IC Markets’ MetaTrader 4 Platform.

IC Markets Trading Platforms

IC Markets give you an excellent choice of trading platforms. You can get free access to the popular MetaTrader 4 and MetaTrader 5 platforms, along with the advanced cTrader platform for professional traders. The platforms are available to use on your desktop and laptop, directly in your web browser and whilst on the go on your mobile devices. They have iPhone and Android trading applications that have been optimised to provide forex traders with the best possible mobile forex trading experience. Here we will take a closer look at each platform the broker has to offer and the features they have.

IC Markets MT4 Platform
IC Markets MT4 Platform

MetaTrader 4

IC Markets offers its clients the opportunity to trade on the award-winning MetaTrader 4 (MT4) platform. It is undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature rich environment and automated trading ability.

It has grown from a trading platform to a global community where trader’s demands are met by technology provider’s innovations. IC Markets has partnerships with many of these technology providers and is proud to offer you the next generation MetaTrader 4 platform, designed to take your trading to the next level.

IC Markets is able to offer market best possible pricing and some of the best trading conditions through the MT4 platform by providing clients with Raw Pricing. Both IC Markets Standard and Raw Spread accounts are available on the MetaTrader 4 trading platform.

The IC Markets MetaTrader servers are located in the Equinix NY4 data centre in New York. The NY4 data centre referred to as a financial ecosystem is home to over 600 buy and sell side firms, exchanges, trading venues, market data and service providers. The MetaTrader server is cross connected to the broker and their pricing providers to ensure ultra-low latency and the fast execution of your trades.

The IC Markets MetaTrader server has latency on average of less than 1 millisecond to major VPS providers either collocated in the NY4 data centre or through dedicated lines to nearby data centres. This low latency is ideal for automated and High Frequency Trading and scalping.

Apart from being extremely easy to use with a small learning curve, MetaTrader 4 is also the chosen platform for the majority of forex robots. Thus, if you are planning to do automated forex trading with IC Markets, you would ideally want to open an MT4 account.

IC Markets MT4 platforms features include the following:

  • Market leading spreads and low commissions
  • Leverage up to 1:500
  • Minimum lot size of 0.01
  • Flexible funding and withdrawal options
  • No trading restrictions
  • Lightning-fast order execution
IC Markets MT5 Platform
IC Markets MT5 Platform

MetaTrader 5

MetaTrader 5 (MT5) is the all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies and commodities. IC Markets Raw Pricing makes it the most powerful platform for active traders. The new platform is an updated and improved version of its predecessor which has long been the industry standard for traders around the world.

MetaTrader 5’s advanced charting technology coupled with sophisticated order management tools help you to monitor and control your positions quickly and efficiently. It is a powerful platform packed with brand new features aimed at improving your trading experience. It is available on both of the IC Markets account types: Raw Pricing and Standard.

The MetaTrader 5 Depth of Market displays the full range of available prices directly from the brokers price providers. This feature provides full transparency of available liquidity for each currency at any given time. High liquidity, asynchronous spot prices and low latency guarantee the tightest possible spreads.

IC Markets MT5 platforms features include the following:

  • Raw pricing
  • Spreads from 0.0 pips
  • Up to 1:500 leverage
  • Low latency trading
  • Deep interbank liquidity
  • Multi-asset platform
IC Markets WebTrader Platform
IC Markets WebTrader Platform

MetaTrader WebTrader

You can access your MT4 or MT5 trading account from any web browser in the world using IC Markets MetaTrader WebTrader. You don’t need to install or run any software to launch the web browser and trade online.

MetaTrader WebTrader offers fast order execution capabilities of MetaTrader with ease and convenience of being a web-based application. MetaTrader WebTrader is a user-friendly web-based trading platform allowing you to enjoy trading in the IC Markets trading environment with no dealing desk from anywhere in the world.

MetaTrader WebTrader has the same tight spreads, Level II Pricing, and one-click trading as the MetaTrader desktop version along with features such as a personalized trader dashboard to allow monitoring of your positions at a glance.

IC Markets WebTrader platform features include the following:

  • Trade from any location
  • Take advantage of Raw spreads
  • No order or trade restrictions
  • Trade micro lots 0.01 with no maximum
  • Level II pricing – full market depth
  • One click trade execution
  • Multiple order types
  • Real time trade reporting
  • Advanced charting and technical analysis
  • Trade with no dealing desk intervention
  • Save money every time you trade with low costs
  • Enjoy the fastest ultra-low latency execution possible
  • Chose a leverage up to 1:500 suit your strategy and trading style
  • Have greater control over your risk with micro lots
  • Move money in and out of your trading account with ease
  • All major browsers supported
  • Use the same account on MetaTrader and MetaTrader WebTrader
IC Markets Mobile App
IC Markets Mobile App

MetaTrader App

Stay connected to the market at all times with the MetaTrader app on your Android or iOS mobile phone or tablet. These applications give traders easy access to their accounts wherever they are.

The mobile MetaTrader application also offers one click trading, the ability to customise your layouts, and advanced charts and analysis. You can use the MetaTrader mobile applications to experience unlimited flexibility without compromising execution speed or quality.

IC Markets MetaTrader app features include the following:

  • Real-time forex and CFD quotes
  • Full set of trade orders, including pending orders
  • Trade directly from the chart
  • Support of all types of execution modes
  • View your complete trading history
  • Real-time interactive charts with zoom and scroll
  • 30+ of the most popular technical indicators
  • Multiple timeframes to analyse price action and patterns
  • 3 chart types: Bars, Japanese Candlesticks, Line
  • Adjustable settings of technical indicators
  • User friendly interface
  • Trade levels and volumes on the chart
  • Offline mode (symbol prices and charts)
  • Free and easily downloadable directly from the App Stores
IC Markets cTrader Platform
IC Markets cTrader Platform

cTrader

Trade global markets with a platform designed specifically for high speed of execution. cTrader’s unique design, elegant user interface and advanced features make it a favourite for discretionary Forex traders.

cTrader platform combines the speed of high performing trading platform with the deep liquidity of IC Markets, providing clients with the ultimate trading solution. It utilises proven technology that will enable you to take your trading to the next level.

The IC Markets cTrader platform gives you access to a deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders worldwide appreciate trading with the superior functionality of cTrader and streaming prices from multiple global banks, gives you the ultimate in trading solutions.

The IC Markets cTrader server is located in the LD5 IBX Equinix Data Centre in London. The LD5 IBX data centre referred to as a financial ecosystem is home to over 600 buy and sell side firms, exchanges, trading venues, market data and service providers. This server is cross connected to the broker and their pricing providers to ensure low latency and the fast execution of your trades. Its backend allows simultaneous processing of your orders, enabling you to take advantage of every market condition.

The IC Markets cTrader server has under 1ms latency to major VPS providers either collocated in the LD5 IBX data centre or through dedicated lines to nearby data centres. This low latency is ideal for automated and High Frequency Trading and scalping.

cTrader’s depth of market shows the full range of executable prices coming directly from the brokers price aggregator. Orders are filled in the brokers bridge against the full order book using Volume Weighted Average Price (VWAP). cTrader platform offers complete transparency of the liquidity of each currency pair by showing the available volumes for each price level at any given time. High liquidity, asynchronous spot prices and low latency guarantee the tightest possible spreads.

The Smart Stop Out logic in cTrader has been designed to provide maximum protection to traders’ accounts. This logic will replace cTrader’s Fair Stop Out logic because it provides significant benefits for users by using a much more advanced algorithm.

If Margin Level falls below Smart Stop Out Level then positions will start being closed partially until Margin Level reaches above Smart Stop Out. The logic of Smart Stop Out will only close what is absolutely necessary from the largest position in order to safely restore Margin Level and protect the position itself, the position entry point and the trading account for as long as possible.

IC Markets cTrader platform features include the following:

  • 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
  • Level II pricing with full market depth
  • No restrictions on limit orders
  • Multiple order types
  • Detachable charts
  • Expanded symbol display
  • Real-time reports
  • One-click trading
  • Trade against the market with no dealing desk intervention
  • Save money every time you trade with low costs
  • Enjoy one of the fastest ultra-low latency executions possible
  • Chose a leverage to suit your strategy and trading style
  • Have greater control over your risk with micro lots
  • Move money in and out of your trading account with ease
IC Markets cTrader Web Platform
IC Markets cTrader Web Platform

cTrader Web

Access your cTrader account from anywhere in the world using cTrader’s ultra-responsive web interface. Flawlessly execute your trades on cTrader web without any downloads or installations.

cTrader Web offers the fast order execution capabilities of cTrader with the ease and convenience of being a web-based application. cTrader Web is a user-friendly web-based trading platform allowing you to enjoy trading with IC Markets from anywhere in the world.

cTrader Web has the same tight spreads, Level II Pricing, and one-click trading as the cTrader desktop version along with features such as a personalized trader dashboard to allow monitoring of your positions at a glance.

IC Markets cTrader Web platform features include the following:

  • Trade from any location
  • Take advantage of Raw spreads
  • No order or trade restrictions
  • Trade micro lots 0.01 with no maximum
  • Level II pricing – full market depth
  • One click trade execution
  • Multiple order types
  • Real time trade reporting
  • Advanced charting and technical analysis
  • Leverage of up to 1:500
  • Trade against the market with no dealing desk intervention
  • Save money every time you trade with low costs
  • Enjoy one of the fastest ultra-low latency executions possible
  • Have greater control over your risk with micro lots
  • Move money in and out of your trading account with ease
  • All major browsers supported
  • Use the same account on cTrader and cTrader Web
IC Markets cTrader App
IC Markets cTrader App

cTrader App

Access your cTrader account on the go from anywhere in the world using cTrader’s ultra-responsive mobile applications for iOS and Android devices. This portable version of cTrader can be accessed from any mobile device, so you’re never more than a touch away from the world’s most liquid market.

IC Markets cTrader for iPhone gives you the very best in FX trading as a native app. Gain access to tight spreads and fast execution speeds directly from your mobile device. You’ll get the same core functionality as cTrader Web for Mobiles, with faster launch times and the same easy-to-use interface.

cTrader for mobile gives you all the tools you’ll need for effective technical analysis, including common trend indicators, oscillators, volatility measures and line drawings, all accessible from directly within the chart.

IC Markets cTrader app features include the following:

  • Fast execution for forex and commodities
  • Single-tap order execution
  • Full balance, margin, and P&L information
  • View all symbols and rates, including from your favourites list
  • Charts available
  • Complete accounts list – switch account with a single tap
  • View trading history
  • View and modify pending orders
  • Special split-screen interface for Tablets

cTrader Algo

Build and deploy your C# automated trading systems on the (cTrader) cAlgo platform with its user-friendly GUI and API. FIX API access also available.

cAlgo is an automated trading software used in conjunction with cTrader. cAlgo allows you to develop algorithmic trading systems and customized technical indicators for technical analysis using the source code editor and C# language. The custom indicators you build will appear in addition to the built-in indicators within cTrader.

IC Markets Trading Tools

IC Markets have a selection of trading tools which can help to improve the overall trading experience for clients. This includes managed accounts, virtual private servers and advanced trading tools. That being said, the provided trading platforms should have more than enough trading tools to meet the demands of most retail traders. However, if you do require something specific, the broker is able to offer customised solutions to cater to your needs.

MAM

The IC Markets Multi Account Manager software is a trusted solution that has been used by money managers at IC Markets since 2012. The IC Markets Multi Account Manager allows you to manage clients’ money with flexible allocation methods and real-time reporting of performance and commissions.

The MAM software communicates all allocation settings directly with the IC Markets MetaTrader 4 server. This means a money manager only has to worry about trading through the MetaTrader 4 Master Account, all other processes are handled seamlessly by the MAM software.

The software is ideal for traders or money managers utilising Expert Advisors (EAs) and enhances the functionality of the MetaTrader 4 platform by allowing multiple accounts to be managed from 1 simple interface. Block orders can be executed with 1 click from the Master Account with preset allocation methods. Thousands of accounts can be traded with 1 click and with virtually no additional latency.

The IC Markets MAM features include the following:

  • MAM manager to adjust trading parameter in real time
  • Unlimited trading accounts and deposit amount
  • Trades – Full, Mini & Micro Lot accounts for best allocation advantage
  • Allocations to accounts at as little as 0.01 lots (1000 units)
  • All normal order types accepted: Market, Stop, Limit
  • All unique order types accepted: Trailing Stop, Close by and Close all
  • Manage multiple master accounts having different strategies
  • Allows Expert Advisor (EA) trading of managed accounts from client side
  • Each Sub Account has an output to screen report
  • Market watch window within MAM
  • Live order management monitoring within MAM including P&L
  • STP on master account for bulk order execution, with instant allocation to sub accounts
  • Monitor commissions and performance in real time
  • Manage Monthly, Quarterly and Annual client reports through the MetaTrader Manager
  • Ability to add and/or remove funds without affecting trading activity
  • Professional reporting analytics displayed to you and your clients
  • Solutions for EA managers and manual managers
IC Markets VPS
IC Markets VPS

Virtual Private Server

A Virtual Private Server (VPS) allows traders to run automated trading strategies 24 hours a day 7 days a week with the fastest possible connectivity to the IC Markets trading servers.

Having a VPS in place ensures that you can run your EAs in a trouble-free environment without the need for any additional computer hardware, backup internet, or power supply. IC Markets recommends VPS providers co-located inside Equinix data centres with direct cross connects to the brokers trading servers in Equinix NY4.

If your trading volume exceeds 15 lots (round turn) per month, IC Markets are happy to sponsor a VPS subscription for you with a free forex VPS from a choice of providers.

Advanced Trading Tools

As a part of improving the overall trading experience for users, IC Markets has introduced 20 exclusive trading tools previously not available on MetaTrader 4. With the help of these advanced trading tools, the world’s best trading platform is now even better, providing traders with a competitive edge.

The apps give traders institutional quality tools over and above those provided in the underlying trading platform. In addition to having some of the most feature rich trade execution and management tools, the list also includes apps that assist in making trade decisions along with handy tools like sophisticated alarms, messaging broadcasting facilities, market data & more aimed at enhancing the overall trading experience.

The following Advanced trader tools are exclusively available for IC Markets Live account holders:

Alarm Manager

A personal trading assistant which can notify the trader or even their followers on social media.

Correlation Matrix

Gives trader market info on different time scales and enables them to make better decisions.

Correlation Trader

Let’s traders compare correlation between two symbols, and trade emerging differences.

Trade Terminal

A feature-rich trade execution and analysis tool which offers precision trading, ordering template & more.

Market Manager

Provides full control over symbol watch-lists and all order activity from one small and convenient window.

Mini Terminal

It Displays the same deal ticket as the Trade Terminal in the context of a specific trading chart.

Sentiment Trader

Shows sentiment based on real open positions: the number of traders who are currently long or short.

Session Map

Gives the trader a quick market overview through the world’s key markets and their time zones.

Excel RTD

App lets you enter up to 5 account numbers, and then automatically displays a dashboard of equity and balance etc.

Stealth Orders

App lets traders hide their pending orders from other market participants with more functionalities.

Tick Chart Trader

Displays variety of tick charts, including traditional line charts, timed tick charts, and tick bars/candles.

Forex Trading Calculators

The IC Markets forex trading calculators enable you to easily calculate current pip values in your account currency across IC Markets range of products.

Forex News and Calendar

View all upcoming global economic news events and their importance in the IC Markets forex calendar. This can be a very useful tool when implemented as part of the fundamental analysis of a trading strategy.

IC Markets Education

IC Markets is also a market leader when it comes to educating traders. They have plenty of free learning resources covering a vast range of topics to help beginner and even experienced traders to help improve their knowledge of the markets.

Trading Guides

There is a good selection of trading guides covering different topics such as trading platforms, trading strategies, the various markets and more.

IC Markets Videos
IC Markets Videos

Video Tutorials

IC Markets offers a number of educational videos to help forex traders who are new to using the MetaTrader 4 platforms and brokers services. The instructional videos will give you an overview as to how to install MetaTrader 4, use the market watch, navigator, trade terminal, place different order types, manage your account and much more.

Web TV

Actionable trade ideas and market commentary in a short video format. Recorded daily from the floor of the New York Stock Exchange, the WebTV presented in association with Trading Central offer unmatched coverage on global equities, currencies and commodities.

Webinars

Expand your knowledge with the global IC Market webinars. These are hosted frequently and you can learn from industry experts and apply new skills in real-time. Webinars are free of charge and cover a range of topics, from beginners to advanced level.

Podcast

The IC Markets podcast series tackles the playbook of trading and covers some interesting topics across the global markets. The content that will be discussed is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

IC Markets Trading Accounts

IC Markets offer a variety of different forex trading accounts to cater for all forex trader’s needs. IC Markets has a great advantage of being an ECN forex broker with a large range of instruments to trade across all of the different account types, including a huge portfolio of forex currency pairs.

Of course, the most popular and widely traded instruments the EUR/USD and GBP/USD are there, these pairs tend to have the most liquidity and thus some of the lowest spreads and slippage, which helps with your trading costs and trading results. You can view my article on ECN forex brokers to see why they are my preferred option of forex brokers.

IC Markets various accounts are suited towards both new and experienced traders, you just simply choose your preferred trading platform and pricing model to get started. Pricing models include accounts with floating spreads dependant on liquidity (the more liquidity the better the spread as there is greater demand for that currency pair) and a fixed small commission or you can trade with ZERO commission and a small mark-up on the spread to cover the brokers costs.

In terms of competitiveness, during my many years of forex trading experience, IC Markets has some of the lowest trading costs (spreads and commission) available to the retail forex trader. The true ECN account is my preferred options with this account’s spreads starting at 0.0 pips! True ECN is the key factor that helps to separate IC Markets from other forex brokers.

IC Markets True ECN accounts connect forex traders to a very deep and diverse mix of up to 50 liquidity providers, which again reiterates that they provide some of the best spreads and superior execution for forex trading.

IC Markets Expert Advisors
IC Markets Expert Advisors

There are no limits or restrictions on trade sizes, you can place trades as small as one micro lot (0.01). The brokers flexible lot sizing allows you to trial the platform with minimal risk and manage your trades sizes in accordance with your account balance.

IC Markets Raw Pricing offering and large product range are included across all account types. Suited for both new and experienced traders, simply choose your preferred trading platform and pricing model to get started. The Raw Spread account offers some of the lowest possible spreads available, with the average EUR/USD spread being 0.1 pips, with only a small commission of $3.50 per lot payable per side. If you are not too concerned about spreads, you may want to take a look at the standard account that has no commission fee as it is already included within the spread.

Raw Spread Account (cTrader)

cTrader was built for demanding performances and, when combined with IC Markets Raw pricing and unrivalled execution speeds, cTrader makes a valuable addition to your trading arsenal and will help take your trading to the next level.

  • Commission $3 per 100k ($6 per lot round turn)
  • Spreads from 0.0 pips
  • Starting deposit $200

Raw Spread Account (MetaTrader)

Give yourself the Raw Spread advantage on one of the world’s most popular trading platforms with the IC Markets proprietary bridge aggregator blending select tier-1 pricing providers. The Raw Spread account offers some of the lowest possible spreads available. Our average EUR/USD spread is 0.1 pips, with only a small commission of $3.50 per lot payable per side. With Deep liquidity and fast execution, IC Markets Raw Spread account was built for day traders, scalpers and expert advisors.

  • Commission $3.5 per 100k ($7 per lot round turn)
  • Spreads from 0.0 pips
  • Starting deposit $200

Standard Account (MetaTrader)

Keep it simple with the IC Markets Standard account. Experience all the benefits of the brokers Raw pricing with an all-inclusive spread and no commissions. The Standard Account from IC Markets offers speed of execution with no rivals. Combine this with an all-inclusive spread starting from 0.6 pips, Equinix NY4 servers in New York, a group of up to 25 pricing providers and you will understand why the IC Markets standard account can give you an unparalleled trading experience, all day every day.

  • Commission $0 per 100k
  • Spreads from 0.6 pips
  • Starting deposit $200

Demo Accounts

As with most forex brokers, you can open a forex demo trading account to begin with and use your demo account details to login to the MT4 trading platform and practice trading with virtual money – you can start with any virtual balance you wish. This is a great way to become familiar with trading forex manually or automated before risking your own money on a real trading account.

It is recommended by many professionals to practice demo trading with IC Markets until you consistently generate a profit at which point you may wish to start on a small real trading account initially to see how you transition from demo to real account trading as there can be more emotions involved such as fear and greed once you do start trading live.

Islamic Accounts

IC Markets are a Muslim friendly broker, offering Islamic accounts that comply with Sharia law if this is a requirement of yours. Traders of Islamic faith can apply for a Raw Pricing trading account where no interest fees will be credited or debited. The swap free option is available on both Raw Spread and Standard account types on the MT4, MT5 and cTrader platforms.

Swap free accounts do not pay or earn swap or interest on any trades for Currencies, Metals & Indices excluding exotic Currency Pairs, Brent, Natural Gas, and WTI’s, where a small financing charge is applicable overnight. Any trades open for more than 1 day in specific pairs listed on the brokers website will be charged a flat rate financing charge.

IC Markets Leverage

IC Markets have very flexible leverage options for forex traders, offering up to 1:500 depending on the entity that you sign-up with. They offer a leverage of 1:30 for the European and Australian entities, with 1:500 for the global entity.

Leverage allows you to trade with a position size that is greater than which you would be able to without it. As an example, if you had a $1,000 account and leverage of 1:30, you could in theory enter a position size of $30,000. That is because $1,000 multiplied by 30 leverage is equal to $30,000.

Whilst this may sound appealing as it does increase the profit potential of a trade, it is also important to remember that leverage also magnifies the potential size of a losing trade. It is therefore imperative that you only ever trade with a leverage that you feel comfortable with and make sure you understand what leverage is and the risks involved with leveraged trading online.

IC Markets Deposit & Withdrawal

IC Markets offers over 15 flexible funding options in 10 different base currencies. Deposit instantly and for free using a variety of different methods which are completed in a very prompt manner based on my experience. You can fund your account via a range of flexible and convenient payment option including bank wire transfer, credit or debit card and various online payment processors in the form of e-wallets.

The time taken for funds to land in your account will depend on the funding option you choose, with bank transfers taking a few days to clear and some payment methods being instantaneous. If you make a deposit using a currency different to that of your IC Market account, you will need to pay a conversion fee. Thankfully, the broker has plenty of base account currency options so the currency conversion fee can often be avoided. They give traders the option to open an account in 1 of 10 supported base currencies: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD.

IC Markets does not charge any additional fees for deposits or withdrawals. You should however be aware that you may incur fees on payments to and from some international banking institutions. IC Markets accepts no responsibility for any such bank fees. IC Markets does not accept payments from third parties.

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investment Commission (ASIC) and must therefore meet the strict capital requirements that they impose. All IC Markets client’s funds are held in segregated client trust accounts with the top Australian banks, thus give the forex trader great security. IC Markets does not use these funds for any operational expenses or other purposes which can give you peace of mind that you are using a strictly regulated forex broker which most comply with very strict regulatory conditions.

The Australian Securities and Investments Commission is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC’s role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.

In addition to ASIC regulation, IC Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of The Bahamas (SCB) and the Financial Services Authority of Seychelles (FSA).

When you open an IC Markets account, you can usually choose the broker entity that you wish to register under. There are some key differences between each, including but not limited to the investor protections that is in place along with the available trading products and features.

IC Markets Customer Support

IC Markets strives to offer you the best possible customer service and support. The support team has a significant amount of experience within the forex industry so they understand what traders want and need. You can trade with confidence knowing that the IC Markets team will always be there to help 24 hours a day, 7 days a week. You can contact them through live chat on the brokers website, telephone and email.

The team of specialist customer support agents are on hand to help with any of your account and installation questions, across any aspect of your trading experience. To provide the best support possible, they can also connect to your MAC or PC remotely to solve any problems quickly and securely.

From my experience, they have always been very quick to respond to all of my queries and can above and beyond to help whenever required. I wouldn’t hesitate to reach out to them as and when needed. From my point of view, customer support is of primary importance and this is yet another area in which IC Markets stand out from some of their competitors.

IC Markets FAQ

What is the IC Markets minimum deposit?

IC Markets minimum deposit requirement is $200.

Where is IC Markets based?

IC Markets is headquartered in Australia but have offices across the globe.

When was IC Markets founded?

IC Markets was founded in 2007.

What are the IC Markets platforms?

With IC Markets, you can trade on the MT4, MT5 and cTrader platforms for desktop, web and mobile.

What trading instruments do IC Markets have?

IC Markets offer CFD trading on Forex, Stocks, Commodities, Energies, Metals, ETFs, Indices, Cryptos and Bonds.

What are the IC Markets deposit and withdrawal options?

You can fund your account via bank transfer, card and various e-wallets.

What is the IC Markets leverage?

IC Markets maximum leverage is 1:500.

What is the IC Markets commission fee?

IC Markets have commission free accounts with a spread mark-up or charge a commission between $6 – $7 with spread from 0.0 pips.

What are the IC Markets spreads?

IC Markets have raw spreads starting as low as 0.0 pips on the raw account types. Standard account spreads start from 0.6 pips.

Does IC Markets offer demo accounts?

Yes, IC Markets have demo trading accounts so you can practice trading risk free.

Does IC Markets offer Islamic accounts?

Yes, there are Islamic accounts for Muslim traders that are swap-free and therefore comply with Sharia law.

Does IC Markets allow scalping, hedging, news trading and automated trading?

Yes, IC Markets do not implement any restrictions on trading strategies. Actually, they have very favourable trading conditions for scalping and expert advisors.

Does IC Markets charge an inactivity fee?

No, unlike some of their competitors, IC Markets do not charge an inactivity fee.

Is IC Markets regulated?

Yes, IC Markets has multiple regulations in different jurisdictions.

IC Markets Review Summary

Overall, IC Markets is one of the best forex brokers that any level of forex trader can use in my opinion. Setting up a demo or real account at IC Markets is extremely quick and easy with 24/7 support on hand to assist you. They offer a diverse range of trading accounts to suit all traders, intuitive and versatile trading platforms, trading tools, educational resources, a huge range of trading instruments, multiple deposit and withdrawal methods, strict regulation and much more. I am personally very happy with them after many years of excellent service.

You can gain access to institutional grade prices on almost the same level of the world’s leading execution venues through our Raw Pricing. Traders can enjoy trading with no dealing desk, price requotes or any sort of manipulation on market leading platforms. The extensive mix of up to 25 different pricing providers makes IC Markets the top choice for high volume traders, scalpers and automated traders who demand some of the best trading conditions including the low spreads and fast execution speeds.

IC Markets boasts some of the tightest spreads of all forex CFD providers globally. Spreads start from 0.0 pips on the MetaTrader 4 platform with the average on EUR/USD being 0.1 pips 24/5. This is currently one of the tightest average EUR/USD spreads globally.

Furthermore, there are no limitations on the type of trading strategy that you can use with IC Markets as they allow scalping, hedging, news trading and automated trading with expert advisors, more commonly referred to as forex robots. They have flexible leverage options offering up to 1:500, and accept deposits in 10 major currencies.

IC Markets Overview
IC Markets Overview

MetaTrader 4, MetaTrader 5, and cTrader are 3 of the best trading platforms available today. IC Markets has revolutionised forex trading by giving traders direct access to Raw Pricing using any of these 3 popular trading platforms.

They have implemented extra additions to MetaTrader 4 such as a one click trade module, market depth, spread monitor, trade risk calculator, and advanced order types previously not available on MetaTrader 4 make for a better trading experience.

Trust and Transparency form the basis of IC Markets’ core values. IC Markets is Australia’s top online trading company that applies Raw Spreads on its main and most famous account type, so there is no requotes, no price manipulation.

IC Markets is regulated by the Australian Securities and Investment Commission (ASIC) meeting strict capital requirements. All client funds are held in segregated client trust accounts with Top -Tier Australian banks. IC Markets does not use these funds for any operational expenses or purposes. They are also regulated in multiple other jurisdictions to give protection to clients around the globe.

 

IC Markets

9.5

Spreads

10.0/10

Liquidity

10.0/10

Commissions

9.5/10

Support

10.0/10

Regulation

8.0/10

Features

  • Tight spreads from 0.0 pips
  • Fast trade execution
  • Low commission fees
  • Great for scalping & expert advisors
  • Fast deposits & withdrawals
  • User-friendly trading platforms
  • 1,780+ trading instruments
  • Managed accounts
  • Free Forex VPS
  • Excellent 24/7 support