Founded in 2007, IC Markets is one of the world’s leading Forex and CFD brokers, known for its ultra-low spreads and genuine ECN trading environment.
Headquartered in Sydney, Australia, IC Markets serves clients in over 180 countries, attracting both professional investors and algorithmic traders (EA users) thanks to its fast execution speed and high transparency.
With an average monthly trading volume exceeding $1 trillion, IC Markets has solidified its position as a global leader in online trading.
This article provides a detailed analysis of its regulatory licenses, fees, account types, trading platforms, and user feedback to give you a complete understanding of the broker.
Trust and transparency are core values at IC Markets. The broker is currently regulated by three of the most reputable financial authorities in the world:
ASIC (Australian Securities and Investments Commission) – License No. 335692
CySEC (Cyprus Securities and Exchange Commission) – License No. 362/18
FSC (Financial Services Commission, Mauritius)
According to regulatory requirements, IC Markets keeps client funds segregated in top-tier banks and applies Negative Balance Protection, ensuring that traders can never lose more than their deposits.
The company also fully complies with Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, reinforcing its credibility in the global financial industry.
To open an account with IC Markets, traders are required to deposit a minimum of $200 — a reasonable amount for serious traders.
The broker supports multiple base currencies such as USD, EUR, GBP, AUD, and VND, allowing Vietnamese investors to trade conveniently using local payment channels.
Although the minimum deposit is slightly higher than some brokers, IC Markets compensates with professional trading conditions, ultra-fast execution, and exceptional stability — essential factors for experienced traders.
IC Markets offers three main account types, tailored to different trading styles:
1. Standard Account
No commission
Spreads from 1.0 pip
Suitable for swing and long-term traders
2. Raw Spread Account (MetaTrader)
Spreads from 0.0 pip
Commission: $3 per lot per side
Ideal for scalpers and day traders
3. cTrader Raw Spread Account
True ECN environment
Direct pricing from liquidity providers
Equipped with advanced analytical tools
Thanks to this flexibility, IC Markets effectively serves retail investors, algorithmic traders, and professional analysts alike.
IC Markets is widely regarded as one of the brokers with the lowest trading costs globally.
Raw Spread Account: Average spread of 0.1 pip on EUR/USD
Standard Account: Around 1.0 pip, with no commission
Commission: $3 per lot per side, lower than many competitors
Inactivity Fee: Applied after 6 months of account inactivity
When compared with popular brokers such as Pepperstone, Exness, and FP Markets, IC Markets often ranks at the top in terms of overall low trading costs, especially for high-volume traders.
IC Markets supports a variety of fast and secure payment methods, including:
Local bank transfers (available for Vietnam)
Credit/Debit cards (Visa, Mastercard)
E-wallets: PayPal, Skrill, Neteller
Cryptocurrencies: Bitcoin, USDT
Transactions are typically processed within 24 hours, while e-wallet transfers are often instantaneous.
Deposits are fee-free, though some users have reported withdrawal fees or currency conversion charges, depending on the chosen payment method.
Ultra-Low Spreads
Spreads starting from 0.0 pip on Raw Spread accounts – perfect for scalpers and EA traders.
True ECN Environment
Direct connection to Tier-1 liquidity providers, ensuring lightning-fast execution and minimal latency.
Diverse Trading Platforms
Supports MT4, MT5, and cTrader across web, desktop, and mobile devices.
Optimized for Automated Trading
Fully compatible with Expert Advisors (EAs), copy trading, and algorithmic strategies.
Extensive Asset Selection
Access to over 3,500 instruments, including Forex, Commodities, Indices, Bonds, Stocks, and Cryptocurrencies.
IC Markets delivers an advanced trading experience through three world-class platforms:
MetaTrader 4 (MT4): User-friendly interface, powerful charting, full EA support.
MetaTrader 5 (MT5): Includes an economic calendar, additional timeframes, and a wider range of instruments.
cTrader: Designed for professionals needing Depth of Market (DOM) data and advanced order capabilities.
Additionally, IC Markets integrates Autochartist for automatic pattern recognition and TradingView for enhanced chart visualization.
IC Markets has received outstanding feedback from the global trading community:
4.8/5 rating on ForexBrokers.com
Over 4.7/5 on Trustpilot, based on thousands of verified reviews
Traders particularly praise:
Fast execution speed
Transparent and ultra-low spreads
Professional 24/7 customer support
However, some users note that educational resources at IC Markets remain limited for absolute beginners.
IC Markets is especially suitable for:
Scalpers and day traders seeking speed and low costs
Algorithmic traders using EAs or automated bots
Experienced investors preferring a professional ECN environment
For beginners, the $200 minimum deposit may be a hurdle, but in return, IC Markets provides a highly transparent and trustworthy trading experience.
It’s advisable to start with a demo account before switching to live trading.
IC Markets firmly maintains its position as one of the top ECN forex brokers in the world, thanks to its low costs, rapid execution, and strong reliability.
Although its educational materials could be further improved, IC Markets remains an excellent choice for traders seeking a professional, transparent, and stable trading environment.
If you’re looking for a trusted broker to grow your long-term trading strategy, IC Markets is undoubtedly a name worth considering.
1. Is IC Markets a regulated broker?
Yes. IC Markets is licensed by ASIC (Australia), CySEC (Cyprus), and FSC (Mauritius) – among the most reputable financial regulators globally.
2. What is the minimum deposit at IC Markets?
The minimum deposit is $200, ideal for experienced or committed traders.
3. Does IC Markets support automated trading?
Yes. IC Markets fully supports EAs, copy trading, and algorithmic trading on MT4, MT5, and cTrader.
4. How long does it take to withdraw funds from IC Markets?
Withdrawals are typically processed within 24 hours, while e-wallet transactions are often nearly instant.
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