This 2026 review of IC Markets evaluates the broker's full offering—from fees and trading platforms to account types and safety protocols—helping traders assess if IC Markets is the right choice for their trading needs.
IC Markets, established in 2007, is a global Forex and CFD broker headquartered in Australia. It positions itself as a bridge between retail and institutional clients, aiming to offer institutional-grade liquidity and spreads.
The broker provides a wide range of CFD products, including forex, indices, commodities, stocks, bonds, cryptocurrencies, and futures. IC Markets caters to both novice and professional traders, with an emphasis on transparency, speed, and modern trading infrastructure.
IC Markets Overview
IC Markets Overview
IC Markets
- Minimum Deposit$200
- SpreadLow
- Trading FeeFree
- Deposit FeeFree
- Withdrawal FeeFree
- Account OpeningWithin 24 hours
Pros and Cons
Pros and Cons
Pros
- Commission-free trading on the Standard account
- Large asset selection in a wide variety of markets
- Regulated by major authorities such as the Australian Securities and Investments Commission (ASIC)
- Extremely low spreads are available in Raw Spread accounts
- Supports a wide variety of popular trading platforms
- Up to 1:1000 leverage available
Cons
- High minimum deposit of $200
- No proprietary trading platform
- Limited educational resources for advanced traders
Account Types
Account Types
IC Markets offers three primary trading account types: a Standard MetaTrader account, a Raw Spread MetaTrader account, and a Raw Spread cTrader account. Spreads remain tight across all account types, with the ability to trade with high leverage. Here is an overview of the different account types:
For traders seeking Shariah-compliant options, swap-free accounts are available. Demo accounts are also provided for practice trading with virtual funds.
IC Markets Fees, Spreads, and Commissions
IC Markets Fees, Spreads, and Commissions
Trading Fees
IC Markets offers competitive pricing on its Raw Spread accounts, featuring spreads as low as 0.0 pips and low commissions. The Standard account has wider spreads, ranging from 0.8 pips, but does not charge any trading commissions.
Deposit, Withdrawal, and Other Account Fees
Deposits and withdrawals on IC Markets are free of charge. Accounts are denominated in USD, and currency conversion fees may apply when funding with a different base currency. There are no inactivity or maintenance fees.
Trading Platforms Available on IC Markets
Trading Platforms Available on IC Markets
IC Markets supports most of the popular third-party trading platforms, except for NinjaTrader. Although the platform support is extensive, it does not offer a proprietary trading platform. IC Markets Global cTrader is available for mobile users.
| Trading Platforms | Availability |
|---|---|
| MetaTrader 4 | |
| MetaTrader 5 | |
| cTrader | |
| TradingView | |
| NinjaTrader | |
| Proprietary Platform | |
| Mobile App |
Assets You Can Trade on IC Markets
Assets You Can Trade on IC Markets
IC Markets is a CFD broker with over 2,250 financial instruments. Traders can gain exposure to a wide array of underlying assets, such as stocks, forex, futures, cryptocurrencies, and bonds, with these CFDs.
Its broad asset coverage places it among the top compared to competing CFD brokers such as XM and Pepperstone. Here’s how it compares:
*Comparison between CFD brokers only
Looking for something else? Compare tradable assets, features, and more at a glance with our powerful broker comparison tool.
COMPARE BROKERSDeposit and Withdrawal
Deposit and Withdrawal
Funding Methods
Funding Methods
IC Markets supports funding through:
- Debit / Credit Card
- PayPal
Funding Methods
IC Markets supports various funding methods, including:
- Bank transfers
- Online payment systems such as PayPal
- E-wallets such as Neteller and Skrill
- Debit/credit cards
The minimum deposit required is $200, which is considered a high barrier for small account traders.
Deposits are typically slow, with the funds generally reflected in the trading account after 1–2 business days, although some sources suggest faster processing times. Withdrawal processing times are also slow, typically taking 1–5 business days.
User reviews mentioned complaints about slow processing and complex procedures. This is a significant drawback for traders needing quick access to their funds. No internal fees are charged by IC Markets for deposits or withdrawals, but external payment providers may apply charges.
Educational Resources & Research Tools on IC Markets
Educational Resources & Research Tools on IC Markets
Research Tools
IC Markets offers a robust suite of research tools, including proprietary market data and analysis via IC Insights, as well as technical analysis and trade ideas from Trading Central. The MetaTrader platforms also provide advanced analytics, Expert Advisor support, and strategy testing capabilities.
Educational Resources
IC Markets provides a learning centre that includes videos, articles, and webinars suitable for various skill levels. However, the education available is mostly in-house and limited, lacking in advanced strategies and analytics for savvy traders.
IC Markets Customer Support
IC Markets Customer Support
Support Channels
Customer support at IC Markets is available 24/7 through live chat and email. The service is fast, reliable, and the staff are well-trained to deal with a variety of issues. Despite frequent platform issues and lengthy withdrawal processing, the customer service team is transparent and takes accountability when clarifying information.
Language Support
Support is available in a variety of languages, including:
- English
- Spanish
- Arabic
- Malay
- Chinese
- Portuguese
- German
Live chat response times are generally quick, while email replies can be slow. However, the team is diligent in following up on issues and resolving them.
Safety and Regulations
Safety and Regulations
IC Markets operates under the regulation of several financial authorities, including:
- ASIC
- Cyprus Securities and Exchange Commission (CySEC)
- Seychelles Financial Services Authority (FSA)
To enhance client safety, IC Markets holds client funds in segregated accounts, offers negative balance protection, employs advanced encryption, and implements fraud prevention measures.
User Experience and Interface
User Experience and Interface
Desktop Navigation and Performance
IC Markets supports a variety of third-party platforms such as cTrader, TradingView, and MetaTrader. The platforms themselves offer advanced charting, algorithmic trading support, and real-time alerts. Although IC Markets lacks a proprietary platform, its support for third-party trading platforms is commendable.
Mobile Navigation and Performance
The IC Markets Global cTrader mobile app is simple and visually clean. It supports:
- Biometric login
- Two-factor authentication
- Custom watchlists
- Visual P&L tracking
- Price alerts
- Economic calendars
- Integrated news feed
However, the app can be laggy and disrupt traders’ experience.
Final Verdict
Final Verdict
IC Markets is a strong choice for traders who prioritise access to a wide range of markets and high-speed execution. Its diverse support for various trading platforms appeals to a broad audience. Its Raw Spread accounts offer very tight spreads, and it operates under the regulation of reputable authorities, such as ASIC.
However, the broker may not be ideal for those seeking low minimum deposits, as its $200 requirement is higher than some competitors. Furthermore, concerns regarding slow and complex withdrawal processes may deter traders requiring quick access to funds, such as day traders or scalpers.
While its research tools are comprehensive, the educational resources are limited for advanced traders, and the absence of a proprietary platform means users must rely on third-party software.
Is IC Markets the Right Broker for You?
If you value powerful research tools, a wide selection of CFDs across asset classes, and competitive spreads with a Raw Spread account, IC Markets may be suited for you. Access to high leverage also provides traders with flexibility in their trading.
Who Should Trade with IC Markets?
Overall, IC Markets is best suited for experienced traders who demand institutional-level tools and technology, are comfortable with third-party platforms, and seek depth and speed in their trading environment.