IC Markets Broker Review

Author By Jeffrey Cammack
Updated: January 21, 2022
Overall Rating
4.46 4.46 / 5
Rated #10 of 68 Recommended Brokers
🏦  Min. DepositUSD 200
🛡️  Regulated By
💵  Trading Cost 
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertAccepts Indian Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC, ASIC, and the FSA.

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Our verdict on IC Markets

A well-regulated ECN-only broker, IC Markets offers CFD trading on Forex, commodities, stocks, indices, cryptocurrencies, bonds, and futures.

IC Markets is a true ECN broker, with over 25 liquidity providers and fast trade execution. The three live accounts have low minimum deposits and are suitable for both beginners and more experienced traders alike.  IC Markets also offers a lower-cost trading environment than almost any other broker, including average spreads of 0.10 pips (EUR/USD) on its Raw Spread Account in exchange for a commission of only 6 USD (round turn) per lot. 

IC Markets is one of the few Forex brokers to support all three major trading platforms, including MetaTrader4, MetaTrader5, and cTrader; and offers numerous trading tools for each, including a VPS service at an additional cost, Trading Central, and various copy trading services.  

Beginner traders will benefit from IC Markets’ exceptional customer support, available 24/7 to help with any account or technical queries.  However, while its education section is more comprehensive than most other brokers, it offers a fairly limited selection of market analysis materials.  



111104/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111115/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
11110.54.5/ 5
Beginner Friendly
Welcome Bonus

Account Information

Base Currencies
Number of FX Pairs
Crypto Pairs
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
RAW - MetaTrader
Trading Desk
7 USD / lot - Raw Spread Account
0.02 pips
0.23 pips
0.14 pips
Negative Balance Protection

Company Details

Company Name
International Capital Markets Pty Ltd.
Website Language
Malay, Hungarian, Portuguese, English, Indonesian, Arabic, Vietnamese, Chinese, Thai, Spanish
Support Language
Portuguese, English, Vietnamese, Chinese
Office Locations


  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice


  • High minimum deposit
  • Limited market analysis
IC Markest Intro

Is IC Markets Safe?

With a long history of responsible behaviour and strong regulation, we consider IC Markets a safe broker to trade with.  

IC Markets is an ECN-only Forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. IC Markets has expanded rapidly since its inception and has become one of the most respected brands in CFD trading, with over 500,000 trades placed per day totalling 15 billion USD in daily volume.  

IC Markets is regulated by the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), and the Securities Commission of the Bahamas (SCB).  See below for details:

  • International Capital Markets Pty Ltd (ACN 123 289 109), is regulated and authorised by the Australian Securities and Investment Commission, license 335692.
  • IC Markets EU Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission with licence number 362/18.
  • IC Markets Ltd, registered in The Bahamas with registration number 76823 C, is regulated by the Securities Commission of The Bahamas with License No. SIA-F214.
  • Raw Trading Ltd (Trading as IC Markets Global) – regulated by the Financial Services Authority of Seychelles with a Securities Dealer Licence number: SD018.

Indians will be trading under the subsidiary Raw Trading Ltd (IC Markets Global), which is authorised and regulated by the Financial Services Authority (FSA) of Seychelles.  The level of protection offered by the FSA is low compared to regulators of Europe and Australia, and CFD brokers registered with the FSA are not required to segregate client money from company operational capital or participate in compensation schemes.  They are also not required to offer negative balance protection and have no leverage restrictions. 

However, IC Markets holds all client money in segregated client trust accounts with a number of AA-rated Australian banks and provides negative balance protection which means that traders can never lose more than their initial starting deposit.  

It has won numerous industry awards over the years, including Best Forex MT5 Broker 2020 (FX Scouts) for its remarkable execution speeds and trading flexibility on the MT5 platform, further burnishing its credentials as a good broker.

With over a decade of responsible behaviour and strong regulatory oversight from some of the strictest regulators in the world, IC Markets is considered a safe broker for Indian traders to trade with.  

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Group Regulators
Trading Desk
Year Founded
Office Locations
Additional Fees
No inactivity fees

Trading Fees

IC Markets’ trading fees are low compared to other similar brokers.

IC Markets offers three trading accounts all with a minimum deposit requirement of 200 USD on three different platforms, including cTrader, Metatrader 4, and Metatrader 5 (click here for more on IC Markets’ trading platforms).  The Standard Account’s trading costs are included in the spread, while the Raw Spread and cTrader Raw Spread accounts offer tighter spreads in exchange for a commission per lot.  For more on IC Markets’ account types, click here.

IC Markets’ fee structure is transparent, and it publishes all spread and commission costs associated with each account.  

IC Markets accounts were assessed to compare the costs to those of other brokers. The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spread and commission. 

When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. 

Trading Cost Formula: Spread x Trade Size + Commission = Cost in Secondary Currency (USD):

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Trading account
Min. Deposit
Min. Spread EUR/USD
Trading Cost (USD)
RAW - cTrader
USD 200
6 USD / lot
RAW - MetaTrader
USD 200
7 USD / lot
Standard - MetaTrader
USD 200
Spread Only

As you can see from the table above, the trading costs on the cTrader Raw Spread Account are lower than those of the other two accounts. Most other brokers offer trading costs of 9 USD, making IC Markets one of the lowest cost brokers in the industry.  

IC Markets’ Swap Rates

The final trading cost to consider at IC Markets is the swap rate charged on positions held overnight.  Unlike most other brokers, IC Markets does not publish its swap rates, but they are available to view inside the MT4 and MT5  trading terminals.  In order to access the swap rates, traders should right-click on any instrument in the ‘Market Watch’ section, then left-click on the ‘Specification’ option.  A window will appear that shows the long and short swap rates for each pair.  Alternatively, traders can view IC Markets’ latest swap rates in its Official Blog.

For example, the current swap rates on the Metatrader 4 platform are -5.45 USD for a long position and -0.12 USD for a short position per night.

Overall, IC Markets has some of the lowest trading costs in the Forex trading industry.  The average cost of trading one lot of EUR/USD  at other brokers tends to be 9 USD, which is higher than the costs on ANY of IC Markets’ accounts.

IC Markets’ Non-trading Fees

IC Markets’ non-trading fees are low compared to other similar brokers.  

Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.  These fees can significantly affect your profitability and so should be carefully scrutinised.  

IC Markets does not charge account or inactivity fees, nor fees for making a deposit into your trading account.  It also does not charge fees for withdrawing funds using credit cards or debit cards, or using electronic wallets.  However, a fee of 20 AUD or currency equivalent is charged by its banking institution for International Bank Wire Transfers, which is expensive compared to other similar brokers (click here for more on IC Markets deposits and withdrawals).  

Additionally, traders should note that although  IC Markets does not charge an inactivity fee, client accounts will be archived if there is no balance and the account remains inactive for more than six months.

Overall, IC Markets’ non-trading fees are some of the lowest in the industry.

Opening an Account at IC Markets

The account opening process at IC Markets is fast, fully digital, and hassle-free.

All Indian traders are eligible to open an account at IC Markets as long as they meet the minimum deposit requirements.  These are:

  • Standard Account: 200 USD
  • Raw Spread Account: 200 USD
  • cTrader Raw Spread Account: 200 USD

The five-step account opening process is fully digital and accounts are generally ready for trading in one day.  IC Markets offers individual, joint, and corporate accounts, but we will focus on opening an individual account.

How to open an account at IC Markets:

  1. Click on the ‘Open a Live Account button and register your email address and password.
  2. Next traders are required to fill in their personal details, including date of birth and physical address etc.
  3. The third step requires choosing your preferred base currency and account type.
  4. Traders are then required to fill out a short questionnaire detailing their level of trading experience.  This is a responsible move on the part of the broker in an industry that is often accused of an irresponsible approach to consumer protection.
  5. The last step is to confirm your identity.  IC Markets will need two documents from you:
    1. A photo ID (passport, driver’s license, or national ID card) and; 
    2. A secondary ID (a bank or utility statement with your full name and address dated in the last three months).

We suggest you read IC Markets’ risk disclosure, customer agreement, and terms of business before you start trading.

Once your documents have been verified by the customer support team, you can login and fund your account with the base currency of your choosing (click here for more on IC Markets’ base currencies).

Compared to other similar brokers, IC Markets’ account opening process is fast, generally hassle-free, and fully digital. 

IC Markets Account Types

IC Markets offers three account types, which is average when compared to other ECN brokers, but its trading costs are low and accounts are suitable for beginners and more experienced traders. 

IC Markets offers excellent trading conditions on all three of its live market execution accounts.  The minimum deposit requirements are 200 USD across all account options, making them accessible to beginner traders.  The Standard and Raw Spread accounts are both available on the MetaTrader platforms, while the cTrader Raw Spread Account is exclusively available on the cTrader platform (for more on IC Markets trading platforms, click here).  

IC Markets’ accounts are also suitable for more experienced traders who often prefer to pay a commission in exchange for tighter spreads.  The Raw Spread and cTrader Raw Spread accounts have a commission of 7 USD / lot - Raw Spread Account USD and 6 USD respectively in exchange for spreads of 0.10 pips on the EUR/USD, some of the tightest in the industry.

Additionally, IC Markets works with over 25 liquidity providers to present the tightest spreads and best trading conditions to its clients. Its servers are located in London and New York providing low latency and fast trade execution, leading to less slippage and better trading outcomes.  Leverage is up to 30:1 on Forex pairs and IC Markets allows all trading strategies, including hedging, scalping, and copy-trading.   IC Markets also offers Islamic swap-free accounts.   

Standard Account

The Standard Account is a commission-free account with spreads that start at 0.6 pips on the EUR/USD, which is tighter than other similar brokers.  It is available on the Metatrader 4 and Metatrader 5 platforms, and traders can access leverage of up to 500:1. The Standard Account is ideal for discretionary traders.

Raw Spread Account

The True ECN Account is for high-volume trading or professional traders, with a minimum deposit requirement of 200 USD.  Spreads are tight, averaging at 0.10 pips on the EUR/USD, but a commission of 7 USD round turn per lot is charged, and leverage is up to 30:1. This account is also only available on the Metatrader platforms.

c-Trader Raw Spread Account

Suitable for day traders and scalpers, the cTrader Raw Spread Account is only available on the c-Trader platform. Spreads start at 0.0 pips on the EUR/USD, and a commission of 6 USD (round turn) is charged per lot. Leverage is also up to 30:1 on this account, and the minimum deposit requirement is 200 USD.  Traders should note that some of the tools available at IC Markets are not compatible with the cTrader platform. 

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Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
IC Markets
11110.54.5/ 5
0.10 pips
0.02 pips
0.23 pips
0.14 pips
111115/ 5
0.60 pips
0.40 pips
0.40 pips
0.40 pips
110002/ 5
3.00 pips
USD 30
3.00 pips
3.00 pips
3.00 pips

Islamic Accounts

IC Markets offers Islamic accounts (also known as swap-free accounts) for clients who cannot earn or pay interest due to their religious beliefs. The swap-free option is available on all account types on the MT4, MT5, and cTrader platforms.  Although no overnight interest fees are charged to accounts, traders will be charged a flat commission of between 5 and 10 USD per lot per night, depending on the financial instrument.  

Demo Account

The IC Markets demo account does not expire unless it remains inactive for 30 days. The demo account gives traders a starting balance that can be topped up.  Demos are available on all account options and trading platforms and give traders a real-time feel for market conditions.  

Overall, IC Markets’ offers a range of accounts with excellent trading conditions compared to other ECN brokers, which are suitable for both beginners and more experienced traders alike.  

Deposits and Withdrawals

IC Markets offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive.


In line with Anti-Money Laundering rules, IC Markets does not process payments to third-party accounts. All withdrawal requests from a trading account will be funded to a bank account or source in the trader’s name.   

IC Markets offers a range of account funding and deposit methods, including bank transfer, debit cards/credit cards, and various eWallets.  Deposits are free on all funding methods and are processed immediately, or within 12 hours, except broker-to-broker transfers, which may take up to five days.  

Withdrawals received before noon AEST/AEDT are processed the same day and IC Markets does not charge any additional withdrawal fees, except on international bank wire transfers.  Other fees may apply depending on the payment method:

  • Credit/debit card withdrawals – No withdrawal fees, but it can take up to five days to reach your account.

  • International bank transfers – A withdrawal fee of 20 AUD or another currency equivalent will be charged by IC Market’s bank.  Withdrawals may take up to 14 days to be processed.

  • eWallet (Paypal/Neteller/Skrill) withdrawals – No fees are charged for withdrawals and withdrawals are instant. 

Overall, IC Markets offers a wide range of deposit and withdrawal methods, but it charges a 20 AUD fee on withdrawals for international bank transfers, which is relatively expensive. 

Base Currencies (Trading Account Currencies)

IC Markets offers a wide range of trading account currencies compared to other brokers but does not offer accounts denominated in INR.

IC Markets offers trading in ten base currencies, including EUR, USD, GBP, AUD, SGD, NZD, JPY, CHG, KHD, and CAD.

However, IC Markets does not support accounts denominated in INR, which means that Indian traders will have to pay conversion fees on all deposits and withdrawals.  Conversion fees can make trading expensive, and affect profitability.

In this case, it is better for traders that trade in large volumes (more than 10 lots a month) to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with an INR account, there will be a small conversion fee for every trade made.

Overall, IC Markets offers a broader range of base account currencies than most other brokers, but doesn’t offer accounts denominated in INR.  

Trading Platforms

With MT4, MT5, and cTrader all available, IC Markets offers support for more trading platforms than most brokers. 

Clients can choose between the MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.  All platforms offer fast trading and advanced charting tools, including Expert Advisors, automated trading support, strategy backtesting, customisable charting, indicators, and copy trading functionality.

All platform choices are free to use and can be downloaded to your PC and all have web versions of the platform. They are also available on mobile Android and iOS devices.  Note that cTrader is not available on Apple Mac operating systems.

Third-party platforms such as MT4, MT5, and cTrader are sometimes less user-friendly and more difficult to set up than the proprietary platforms available at other brokers.  However, traders can take their customised versions of these platforms with them should they choose to migrate to another broker.  

Metatrader 4

MetaTrader 4 (MT4) is still undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature-rich environment, and automated trading ability.   Features of IC Markets’s MT4 platform include:

  • 50+ preinstalled technical indicators
  • 24 analytical charting tools
  • Three chart types
  • Nine timeframes
  • One-click trading.  
  • Traders can also add custom EAs and indicators.

While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find.  In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.

MetaTrader 5

The newer version of the MetaTrader platform suite, MT5 is being adopted by more traders all the time.  MT5 incorporates all of the key features of MT4 and an optimised environment for EA trading. 

Features of IC Markets MT5 include:

  • 38+ preinstalled technical indicators
  • 44 analytical charting tools
  • Three chart types
  • 21 timeframes
  • Additional pending order types
  • Detachable charts
  • Depth of Market
  • An integrated Economic Calendar.


cTrader provides an added level of market analysis and access to full market depth on a fully customisable user interface.  Alongside superior order execution with no dealing desk intervention, it provides one of the industry’s most innovative trading experiences.  

IC Markets Platform

Features of IC Markets’ cTrader include:

  • 55+ preinstalled technical indicators
  • Six chart types
  • 28 timeframes
  • Level 2 Depth of Market
  • No restrictions on stop/limit levels
  • Detachable charts and linked charts
  • Advanced order protection
  • Market sentiment
  • An integrated Economic Calendar
  • The ability to add custom cBots and indicators.

cTrader is one of the most beginner-friendly third-party trading platforms available.  It has a modern interface, integrated educational content, and innovative risk-management features.  Additionally, the costs on IC Markets’ cTrader Raw Spread Account are lower than those on the other two accounts.  

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Platform Choice
Copy Trading
IC Markets
111115/ 5
Zulu Trade
111104/ 5
111104/ 5

Overall, IC Markets’ trading platform support is one of the best in the industry.  While it does not have a proprietary platform, which is usually more beginner-friendly and easier to use, it offers enough choice to keep most traders satisfied.  

IC Markets’ Mobile Trading Platforms

IC Markets’ mobile trading platforms are better than other similar brokers.

All three of IC Markets’ trading platforms are available on both Android and iOS mobile devices and tablets. Beginner traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced timeframes and fewer charting options.  

However, the trading platforms are generally user-friendly and well-designed. The MT4 and MT5 mobile apps allow traders to close and modify existing orders, calculate profit and loss in real-time and allow tick chart trading.  

The cTrader mobile app offers the best features available on the desktop version including the complete range of order types, trade analysis, and watchlists. 

Overall, IC Markets’ mobile apps are user-friendly and well-designed and offer most of the features available on the desktop versions.  

Trading Tools

IC Markets’ trading tools are excellent compared to other similar brokers. 

IC Markets offers a number of useful trading tools, including a free VPS service, MAM/PAMM accounts, Training Central, and advanced MT4 trading tools. Zulutrade, myfxbook Autotrade, and Autochartist are available through the IC Markets’ partner programme, but there is an extra cost associated with using these services.  See below for more: 


IC Markets offers a VPS service through three providers, namely ForexVPs.net, Beeks FX VPS, and New York City Servers.  All services are available as a monthly subscription, but IC Markets will cover the costs if a client’s trading volume exceeds 15 lots (round turn) per month.  

VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. 

MAM/PAMM Accounts

IC Markets offers an account management service to its clients which allows account managers to trade on their behalf.  In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM.  The MAM software communicates all allocation settings directly with the IC Markets MetaTrader 4 server.    

MAM stands for Multi-Account Manager which permits a range of customisable ways to sub-allocate trades.  PAMM stands for Percentage Allocation Module Manager which means investors can be part of a set of sub-accounts that are traded together by a money manager or trader who has permission from clients to trade on their accounts.  Account Managers take a portion of the profits generated by the trades. 

Managed accounts are great for beginner traders who have limited experience with trading.

MT4 Advanced Trading Tools

IC Markets offers 20 exclusive trading tools that are available on the MT4 platform.  The MT4 Advanced Trading Tools help traders manage their risk, control all trades from a single terminal and view the correlations between currency pairs and other CFDs. The full set of tools includes sophisticated alarms and broadcast facilities, a correlation matrix, a sentiment trader, a session map, and up-to-date market data and functions, among others. 

Myfxbook Autotrade

Myfxbook Autotrade is one of the most popular copy trading platforms on the market. This service allows you to copy the trades of any system you select directly into your IC Markets MetaTrader 4 account.  Autotrade charges a 0.6 pip spread mark up on all account options, which is relatively expensive. 

One of the benefits of using the myfxbook Autotrade copy trading platform is its functionality.  It offers multiple copy trading modes and there is no limit on the number of Strategy Providers that can be followed.  

On the whole, copy trading is useful for traders who are interested in the financial markets but lack the experience and knowledge. 


Zulutrade, a third-party platform, is a peer-to-peer social trading application where traders can choose among thousands of registered traders from 192 countries.  Traders are ranked using “ZuluRank” according to a number of different metrics, including their overall performance, stability, maturity, exposure, and minimum equity required. 

In order to use this service, traders will have to pay a total of a 2.2 pip mark-up on the spread, which is relatively high.  


Autochartist is an automated analysis tool offered through IC Markets’ partnership programme, so there is an additional cost for using the service.  Traders will have to contact customer support for more details regarding these costs.  

Autochartist monitors 250+ CFDs 24 hours a day and automatically alerts traders on key trading opportunities and forming trends with the highest probability of hitting the forecast price.  Some of Autochartist’s key features are:

  • Chart pattern recognition
  • Fibonacci pattern recognition
  • Key level analysis
  • Pattern quality indication

Overall, Autochartist is one of the best technical analysis tools on the market.  

Trading Central

Trading Central is available to clients who register a live account.  A third-party tool, Trading Central’s professional analysts use the most advanced technical analysis tools in the industry to curate relevant information. This tool essentially supports traders without the technical know-how in making trading decisions.  Trading Central is one of the most popular trading tools available and provides excellent market analysis, and IC Markets does well to offer this service to its clients.

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Economic Calendar
Trading Central
Trading View
Free VPS
IC Markets

On the whole, IC Markets provides an extensive number of trading tools compared to most other brokers, which should keep most traders satisfied.  However, some of the tools are only available on the MetaTrader platforms.  

Financial Assets

IC Markets offers an average range of tradable assets compared to its competitors.

IC Markets offers trading on Forex, indices, shares, commodities, cryptocurrencies, bonds, and futures.

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Financial Instrument
Number of Assets
Stock CFDs

  • Forex pairs: IC Markets offers 64 Forex pairs to trade, including majors, minors, and exotics such as USD/ZAR and ZAR/JPY. This is around the average offered by its closest competitors. Maximum leverage is 30:1 and trading is available on MT4, MT5, and cTrader.
  • Commodities: IC Markets offers trading on 13 commodities, including metals, energies, and agriculture, which is around the average offered by most other brokers. Maximum leverage on commodities is up to 1:100 and trading is available on all IC Markets’ platforms. 
  • Stock CFDs: IC Markets’ stock CFD offering is average compared to most of its competitors, with 1,600 stock CFDs available to trade, including popular US tech companies, ASX stocks, those listed on the NASDAQ and NYSE, and more. Traders should note that stock CFD trading is only available on MT5.  Stock CFDs are generally traded without leverage.
  • Indices: IC Markets offers cash and futures contracts on over 25 international indices, including the NASDAQ, S&P500, FTSE100, and the Nikkei. This is an average range of indices compared to other brokers. Maximum leverage is 1:200, and these are available on MT4, MT5, and cTrader.
  • Bonds: IC Markets offers trading on 11 bonds, which is a broader range compared to most other brokers.  The maximum leverage on bonds is 1:200, and trading is only available on MT4 and MT5.  
  • Futures: IC Markets offers trading on 4 global futures, including the DXY, VIX, BRENT, and WTI, which is average compared to most other brokers.  Maximum leverage is up to 1:200 on futures and trading is only available on MT4 and MT5.  
  • Cryptocurrencies: IC Markets offers a reasonably wide range of cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Dash Coin, Ripple & Litecoin.  Leverage is limited to 1:5 for cryptocurrencies which is standard for these products, as volatility can be extreme. Spreads on these currencies are variable and are significantly higher than Fiat currencies but in line with other brokers.

Overall, IC Markets provides an average range of tradable assets, but it should leave most professional traders satisfied. 

IC Markets for Beginners

IC Markets is one of the few true ECN brokers accessible to beginner traders.  Many other ECN brokers fail to provide education and analysis, forcing traders to self-educate with third-party material.  With a full library of course material, independent market analysis, and webinars, IC Markets offers new traders a comprehensive education on Forex trading.  IC Markets also supports all three of the top software options and provides 24/7 customer support.

Education Material

IC Markets’ educational materials’ are excellent compared to its competitors.  The materials are well-structured and comprehensive and cater to both beginners and more experienced traders.  

IC Markets provides an extensive free education hub open to everyone, whether they have an account with IC Markets or not. Unlike other brokers, where educational material is often unstructured, IC Markets offers a selection of blog posts connected by topics.  Furthermore, it is obvious that IC Markets has invested heavily in educating traders of all experience levels. The principal elements of the education area are:

  • Forex Basics
  • Technical Analysis
  • Fundamental Analysis
  • Risk Management
  • Trading Psychology
  • Trading Plan

Instructional videos are available to help new clients set up trading software. Videos cover topics like How to Download a Demo Account, How to Use The One Click Trade Manager, How to Hedge an Order in MetaTrader 4, and Using the Trade Terminal.  Videos also cover useful other topics such as technical analysis and risk management.  

IC Markets also offers a set of previously recorded webinars hosted by knowledgeable educators who have a clear command of their expertise. The webinars principally cover technical analysis areas like Patterns, Fibonacci in Trading, Trading Candlesticks, and Fading and Scalping. There are also additional sessions on Market Structure, Market Dynamics, and Professional Trader Psychology. 

Overall, ICMarkets’ education section is well-structured and in-depth and caters to traders of all experience levels.

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Beginner Course
Advanced Course
Well Structured Education
Education Quality
IC Markets

Analysis Material

IC Markets’ market research materials are slightly limited compared to what’s available at other large international brokers, but it does offer the services of Trading Central to all clients who register an account.  

IC Markets provides a daily, updated market analysis blog featuring all the latest market movements.  It also provides daily technical analysis articles and fundamental analysis articles that provide an in-depth look at the most popular tradable instruments.   

Clients who register an account will also gain access to Trading Central analysis. Trading Central is an independent company tool recommended for new traders wanting to learn technical analysis or those that want an independent opinion on their trades. 

Overall, IC Markets’ market analysis section is good, but it could improve its market analysis materials by providing more comprehensive and multi-format content.

Customer Support

IC Markets’ customer support is excellent compared to other brokers, and is available 24/7 which is exceptional considering the norm is 24/5.

IC Markets has a dedicated support department operating 24/7 via live chat, email, and phone. Live chat and phone support can assist with any general questions and queries, however, queries addressed to specific departments such as the accounts department are only available via email.   Additionally, it provides a comprehensive FAQ section providing relevant answers to the most commonly asked questions.  

Support is available in multiple languages, including Arabic, Ukraine, Russian, Spanish, Urdu, English, Greek, Romanian, Italian, Portuguese, Chinese, Korean, Vietnamese, and Czech.

For the purposes of this review, we found the customer support polite, responsive, and knowledgeable – they were able to answer most of our questions.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the IC Markets offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

IC Markets Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. IC Markets would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


A well-regulated broker, IC Markets is a cutting-edge ECN forex broker that leverages its network of liquidity providers to offer the best trading conditions for clients.  IC Markets offers three live trading accounts that are suitable for beginners and more experienced traders alike on the MT4, MT5, and cTrader platforms and provides a vast array of trading tools.  For beginner traders, IC Markets offers high-quality 24/7 customer support to get traders started alongside a world-class repository of educational materials.  Overall, IC Markets is a dependable choice for traders of all experience levels.

AlertAccepts Indian Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC, ASIC, and the FSA.
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