IC Markets Review
Based in Sydney, Australia, IC Markets ranks as one of the largest forex CFD providers globally by daily trade volume thanks to over $15 billion in foreign exchange turnover via over 500,000 orders executed daily. Regulated by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, as well as the Financial Services Authority (St Vincent & the Grenadines), the broker currently accepts clients from more than 140 countries around the world and boasts more than 100,000 active clients.
IC Markets offers tight variable spreads to its users, which start from 0.0 pips on major FX pairs. The broker is well-known for its ultra-fast order execution that generally processes trades in under 40 milliseconds, making it a perfect ecosystem for high-frequency trading, algorithmic strategies, and institutional investors.
Although retail traders will find the minimum deposit of $200 a little higher than other major FX brokers, this is still an accessible sum that invites the participation of newcomers and professionals alike. The broker accepts deposits via a wide range of methods including credit and debit cards, bank transfers, PayPal, Skrill, Union Pay, and Neteller among others. Furthermore, all customer funds are kept in segregated accounts and fully insured to provide an extra layer of security.
IC Markets Pros & Cons
Pros
Phenomenal Order Execution Speeds
Support For All Trading Strategies & Styles
Intuitive Trading Platforms With Value-Added Tools
Ultra-Tight Variable Spreads & Low Commissions
24/7 Customer Service Availability
No Fees For Deposits Or Withdrawals
Cons
Higher Minimum Deposit
Does Not Accept US Clients
IC Markets Overview
Type of BrokerNon-Advisory/Executionary Broker (ECN/STP)
Regulation & LicensingCyprus Securities and Exchange Commission Australian Securities and Investments Commission, Financial Services Authority (St Vincent & the Grenadines)
Clients Accepted from140 countries around the world
Assets OfferedForeign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies
Platforms AvailableMetaTrader 4, MetaTrader 5, cTrader, AutoTrade (Myfxbook), ZuluTrade
Mobile CompatibilityAndroid and iOS
Payment Types AcceptedCredit Card, Debit Card, Bank Transfer, Broker-To-Broker Transfer, PayPal, Skrill, Union Pay, Neteller, FasaPay, Poli, Rapid Pay, Klarna, Thai Internet Banking, Vietnamese Internet
IC Markets Account Types
Features
Raw Spread Account
Standard Account
Account Currencies
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
Available Leverage
500:1
500:1
Minimum Deposit
$200
$200
Starting Spreads
0.0 Pips
1.0 Pips
Commission Per Trade
$3.50
NON
Min. Lot Size Per Trade
0.01
0.01
Max Lot Size Per Trade
200
200
Demo Account
Yes
Yes
Swap/Rollover Free Option
Swap Free Islamic Account
Swap Free Islamic Account
Copy Trading Support
Yes
Yes
IC Markets Compliance & Regulation
The broker is regulated by three bodies at present including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), as well as the St. Vincent & the Grenadines Financial Services Authority (SVGFSA). IC Markets is also fully compliant with global regulations covering Anti-Money Laundering (AMF) and Counter Financial Terrorism.
Additionally, IC Markets also ensures that all client funds are protected. To achieve this, the broker keeps all client funds in segregated accounts. It also ensures that all funds are fully insured. Finally, the broker has fulfilled all requirements pertaining to internal risk management and sufficient capital while operations are regularly audited by external parties to ensure full compliance. Overall, the broker is well-regulated and emphasizes transparency to ensure that client interests are always protected.