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Overall Score
4.3 /5

Pros

  • 2,000+ Assets
  • Great choice of Trading Platforms
  • Excellent Trading Execution
  • High Leverage
  • Low Latency - EA Friendly

Cons

  • No real Stocks
  • No Bonus Available
  • Main Regulators: ASIC, CySEC, FSA-S, SCB
  • Crypto: Yes
  • Minimum Deposit: $200
  • Average Trading Cost EUR/USD: 0.8 pips
  • Withdrawal Fee: $0
  • Account Opening: 1 Day
Year Established
2010
Headquarters
Australia
Traded Assets
2k+
Options
Crypto
Trading Fees
Average
Trading Platforms
MT4, MT5, cTrader, TradingView, ZuluTrade
Islamic Account
Demo Account
Funding Methods
Bank wire, credit cards, e-wallets
Tiers 1 Regulators
Tiers 2 Regulators
Negative Balance Protection

Products

Overall Score
4.2 /5

Pros

  • Wide Selection of CFD assets
  • 60+ Forex Pairs
  • Leverage up to 1000:1
  • Deep Liquidity
  • Bond and Crypto CFDs available

Cons

  • Mainly CFDs
  • Average Trading Fees
  • High Financing Rates

Asset Selection and Leverage

IC Markets offers a diverse range of markets including over 60+ forex pairs, 25+ indices, commodities like energy, agriculture, and metals, more than 2,000 stocks from major exchanges, as well as bonds and cryptocurrency CFDs.
They provide access to some of the most popular and liquid markets worldwide, ensuring extensive trading opportunities with competitive spreads and high leverage

 
Availability
Maximum Leverage
Forex
1000:1
Crypto
200:1
Stocks
20:1
Equity Indices
200:1
Precious Metals
1000:1
Other Commodities
100:1
Bonds
200:1
ETFs
Real Stocks
Real Bonds
Options
Thematic Indices
Synthetics

Average Trading Spreads (for Standard Accounts)

EUR/USD
0.8 pips
GBP/USD
1.0 pips
USD/JPY
0.9 pips
Gold
$1.2
Bitcoin
$42
S&P 500 Index
0.5
WTI Crude Oil
$0.03

Platforms

Overall Score
4.5 /5

Pros

  • MT4/MT5 available
  • cTrader available
  • TradingView platform
  • ZuluTrade available

Cons

  • None

Various trading platforms are available for users, accessible via web, desktop, and mobile devices. These platforms include:

Popular External Platforms

The MT4 platform is one of the most popular trading platforms amongst new and established traders.
It offers a comprehensive set of features designed to empower traders with the tools they need to succeed in the dynamic world of financial markets.
From advanced analytical tools to smart trader features and community support, it caters to the diverse needs of traders while providing a seamless trading experience.

 

Key Features:
  • Analytical Tools: The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.
  • Smart Trader Tools: Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.
  • Order Types and Execution Options: Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.
  • Community and Customization: Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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MetaTrader 5 (also known as MT5), is a versatile trading platform, that caters to advanced trading needs, providing access to automated trading systems, technical tools, and copy trading.
Among its notable features are:

  • Diverse Asset Classes: MT5 offers access to a wider range of asset classes, including stocks and commodities, compared to MT4.
  • Advanced Timeframes: MT5 provides additional timeframes for charting, offering more flexibility in analyzing price movements.
  • Enhanced Depth of Market (DOM): MT5 improves the Depth of Market feature, providing a more comprehensive view of market liquidity.
  • Built-in Economic Calendar: MT5 includes a built-in economic calendar, allowing traders to stay updated on key economic events directly from the platform.
  • Advanced Technical Analysis: MT5 introduces more built-in technical indicators and graphical objects for in-depth market analysis.
  • Hedging and Netting: MT5 supports both hedging and netting accounts, offering more flexibility in position management.
  • Improved Strategy Tester: MT5's Strategy Tester offers faster and more efficient backtesting of trading strategies compared to MT4.

 

Key Features
Analytical Tools:

The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.

Smart Trader Tools:

Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.

Order Types and Execution Options:

Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.

Community and Customization:

Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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cTrader, developed by Spotware, is an intuitive trading platform that effortlessly balances simplicity with advanced functionality.
It offers powerful charting tools, sophisticated order entry options, and extensive customization features, making it ideal for both novice and experienced Forex and CFD traders.
Known for its user-friendly interface, cTrader facilitates a transparent trading experience with rapid execution speeds.

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TradingView is a leading platform renowned for its sophisticated charting tools, enabling users to visualize and analyze financial data with precision.
It combines a robust technical analysis suite with an active social network of over 30 million traders, fostering a community where insights and strategies are freely shared.

Ideal for traders of all skill levels, TradingView supports a variety of asset classes including stocks, cryptocurrencies, and Forex.
The platform's user-friendly interface and extensive customization options make it a top choice for real-time market analysis and trading.

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Copy Trading

ZuluTrade is a leading social trading platform that connects traders with top-performing signal providers from around the world.
Through ZuluTrade, users can automatically replicate the trades of experienced traders in their own brokerage accounts.
This innovative platform offers a seamless way for investors to capitalize on the expertise of others and diversify their trading strategies effortlessly.

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Accounts

Overall Score
4.7 /5

Pros

  • Smooth and Fast Account Opening
  • No Inactivity Fee
  • Unlimited Demo Account
  • Good Choice of Base Currencies

Cons

  • High Minimum Deposit

Account Types

IC Markets provides a range of account types designed to accommodate diverse trading preferences and experience levels, ensuring a personalized trading journey for each user:

cTrader/TradingView Raw Spread Account
Featuring spreads from 0.0 pips and a commission of $3.0 per USD 100k traded, this account is ideal for traders using the cTrader platform, known for its advanced trading tools and execution speed.
Metatrader Raw Spread Account
This account offers spreads from 0.0 pips and charges a commission of $3.5 per lot per side. It is designed for traders who use the MetaTrader platform and prefer tight spreads combined with a small commission.
Standard Account
The Standard Account on MetaTrader has no commissions and spreads starting from 0.8 pips. It is suited for discretionary traders who prefer a straightforward pricing model without additional commission costs.
Islamic Account
Also known as a swap-free account, this account type is designed for traders who require trading conditions compliant with Sharia law, eliminating swap or rollover interest.
Demo Account
IC Markets offers an exceptional demo account that is unlimited in duration, allowing traders to simulate real trading conditions very closely. This feature provides an invaluable tool for practicing strategies and familiarizing oneself with the platform before committing to live trading.

Account Opening Process

The account opening process at IC Markets is seamless and entirely digital.
Impressively, the account can be approved in less than a day, showcasing the broker's efficiency and speed.

Account Base Currencies

The base currencies available on IC Markets include the following:

  • USD
  • EUR
  • GBP
  • AUD
  • CHF
  • SGD
  • HKD
  • CAD
  • JPY
  • NZD

 

Why is it important to manage Base Currencies?

 Firstly, funding your trading account in the same currency as your bank account helps you avoid conversion fees.
Secondly, trading assets denominated in the same currency as your trading account's base currency eliminates the need for currency conversion fees.

Account Features

Minimum Deposit
$200
Inactivity Fee
Currency Conversion Fee
Broker commissions
Yes [except for the Standard Account]
Hidden Fees
Negative Balance Protection

Deposit and Withdrawal

Overall Score
4.3 /5

Pros

  • Multiple Payment Solutions
  • No Deposit Fee
  • Free Withdrawal

Cons

  • No crypto payments online

IC Markets provides excellent deposit and withdrawal services, offering a wide range of options that are mostly free of charge.
However, a drawback is that withdrawals must be processed using the same method initially used for funding the account.

Payment Methods

Bank Transfer
Credit/Debit Cards
Electronic Wallets
Crypto Payments

e-wallets

Neteller
Skrill
Paypal
Klarna
POLI
BPay
UnionPay
RapidPay

Fees and Processing Time

Deposit Fee
Withdrawal Fee
Withdrawal Processing Time
Average

Trust

Overall Score
4.6 /5

Pros

  • Top-tier regulations
  • Good TrustPilot Score [4.8]
  • Established since 2010

Cons

  • No Banking License

IC Markets is widely regarded as a trustworthy broker, regulated by top-tier authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
They offer transparency, competitive pricing, and high execution quality, earning a solid reputation among traders globally​

Global Regulations
Registration Country
CySEC
Cyprus
ASIC
Australia
FSA-S
Seychelles
SCB
Bahamas

Customer Xperience

Overall Score
3.4 /5

Pros

  • Great Research Tools
  • Free VPS (Forex VPS)
  • API Trading
  • Great Education Materials

Cons

  • No Bonus available

Education and Research

The IC Markets blog provides traders with in-depth research and a wealth of trading ideas. It features multiple categories, with particularly notable sections being the Fundamental Analysis and Technical Analysis, both of which are highly informative and recommended reads.
Enhancing the research offerings, the WebTV by Trading Central delivers valuable market insights and updates.

For novice traders, IC Markets offers a robust educational platform. Beginners are encouraged to start with the comprehensive video tutorials, followed by very good "Getting Started" trading course, which provides a solid foundation in trading basics.
Additionally, IC Markets' webinars offer another excellent resource, allowing traders to deepen their knowledge and stay updated on market trends.

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Sweeteners

Bonus
Trading Competitions
Free VPS
EA

Customer Support

IC Markets provides comprehensive customer support available around the clock, ensuring traders can get assistance whenever needed.
For general inquiries, the Help Center is an excellent first resource, offering answers to a wide array of common questions.
For more immediate needs, the live chat feature connects traders swiftly to a representative.
For urgent and critical matters, phone support is recommended to ensure prompt and effective resolution.
Additionally, IC Markets offers a callback request option for convenience.

FAQs
Good
Support Methods
Web,
Live Chat,
Email,
Phone,
Support Hours
24/7
Multiple Languages
English,
French,
Portuguese,
Spanish,
Chinese