Forex BrokerTop pick

IC Markets Review 2026

True ECN pricing with raw spreads from 0.0 pips

Founded 2007 Sydney, Australia icmarkets.com Reviewed October 2026

ASICCySECFSA (SC)SCB

Min. deposit

$200

Max leverage

1:500

Spread from

0.0 pips

Platforms

MT4, MT5, cTrader

Our score

4.7

Outstanding

Traders rate it ★ 4.7 (3 reviews)

Visit Broker

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor acco…

Our verdict

IC Markets remains one of the best value brokers for active traders. Raw pricing, deep liquidity and a choice of four professional platforms make it our top pick for scalping and automated strategies. Beginners may want more educational hand-holding.

Best for: Scalpers & algorithmic traders

IC Markets at a glance

IC Markets is a Sydney-based ECN broker known for institutional-grade liquidity, raw spreads and lightning-fast execution. It is one of the most popular choices among scalpers, day traders and algorithmic traders worldwide.

Rating breakdown

Weighted scores from our broker methodology

How we score →

Trust & Regulation4.7

Fees & Spreads5.0

Platforms & Tools4.9

Research & Education4.2

Deposits & Withdrawals4.8

Customer Support4.7

Pros and cons

Pros

Raw spreads from 0.0 pips with a low $3.50 commission
Deep liquidity and fast execution — ideal for scalpers and EAs
Choice of MT4, MT5, cTrader and TradingView
Regulated by ASIC and CySEC
2,250+ CFD instruments across all major asset classes

Cons

Educational content is fairly basic
No proprietary platform
International clients are onboarded under the offshore entity

Key facts

Founded: 2007
Headquarters: Sydney, Australia
Minimum deposit: $200
Maximum leverage: 1:500
Spreads from (EUR/USD): 0.0 pips
Commission (raw / ECN account): $3.50 per side per lot (MT4/MT5 Raw), $3.00 on cTrader
Execution model: ECN, NDD
Trading platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader, Mobile App
Markets: Forex, Indices, Commodities, Metals, Energies, Stocks, Crypto, Bonds, Futures
Number of instruments: 2,250+
Regulators: ASIC, CySEC, FSA (SC), SCB
Restricted countries: USA, Canada, Israel
Deposit methods: Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Local Bank Transfer, UnionPay
Withdrawal processing time: Same business day
Support hours: 24/7
Website: icmarkets.com

Account types

Account	Min. deposit	Spread	Commission	Leverage
Standard	$200	From 0.8 pips	None	1:500
Raw Spread (MT4/MT5)	$200	From 0.0 pips	$3.50 / side	1:500
cTrader Raw	$200	From 0.0 pips	$3.00 / side	1:500

Is IC Markets safe and regulated?

IC Markets is authorised by 4 financial regulators: ASIC (Australia), CySEC (Cyprus), FSA (SC) (Seychelles) and SCB (Bahamas).

This includes tier-1 oversight from ASIC — among the strictest regulators in the world, with capital requirements, regular audits and client-money rules.

Client protections include segregated funds and negative balance protection.

Note that IC Markets does not accept clients from USA, Canada and Israel.

ASIC

Australian Securities & Investments Commission · Tier 1

CySEC

Cyprus Securities and Exchange Commission · Tier 2

FSA (SC)

Financial Services Authority · Tier 3

SCB

Securities Commission of The Bahamas · Tier 3

ASIC AFSL 335692CySEC 362/18FSA SD018SCB SIA-F214

Fees, spreads and commissions

Spreads at IC Markets start from 0.0 pips on EUR/USD, while the typical spread on the standard account is around 0.8 pips.

Commission on raw or ECN-style accounts: $3.50 per side per lot (MT4/MT5 Raw), $3.00 on cTrader.

The minimum deposit is $200.

Funding fees: No internal deposit or withdrawal fees (bank wire fees may apply).

Trading platforms and markets

IC Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader and Mobile App.

Advanced traders benefit from copy trading, expert advisors and algorithmic trading, free vps and api trading.

You can trade 2,250+ instruments across forex, indices, commodities, metals, energies, stocks, crypto, bonds, and 1 more.

Execution model: ECN and NDD.

Deposits and withdrawals

Supported funding methods include Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Local Bank Transfer and UnionPay.

Withdrawal processing time: Same business day.

Accounts can be opened in USD, EUR, GBP, AUD, CAD, SGD, JPY, CHF, HKD and NZD.

Customer support

Customer support is available 24/7 via live chat, email and phone.

Support languages include English, Chinese, Spanish, Arabic, Thai and Vietnamese.

Our testing experience

We funded a live Raw Spread account and placed more than 200 trades across EUR/USD, XAU/USD and the US500 index during London and New York sessions. The average EUR/USD spread we recorded was 0.1 pips on the raw account, and market orders were filled in under 40 ms from our VPS in Equinix NY4.

Who should choose IC Markets?

Scalpers and high-frequency traders who need tight raw spreads
Algorithmic traders running Expert Advisors or cBots
Traders who want to choose between MT4, MT5, cTrader and TradingView

Tip: cTrader Raw accounts have the lowest commission ($3 per side), so compare total trading cost before choosing your platform.

Trader reviews

4.7

3 reviews

Daniel K.

Germany · Oct 7, 2026

Best execution I've had

I run two EAs on a VPS and execution on the Raw account is consistently fast. Spreads on EUR/USD sit at 0.0–0.1 most of the London session. Withdrawals to my bank arrive the next day.

Ahmed R.

UAE · Sep 23, 2026

Great for scalping, basic education

Very tight spreads and cTrader works perfectly. Only downside is that the educational content is thin compared to other brokers, so beginners might struggle.

Lucas M.

Brazil · Sep 1, 2026

Reliable for years

Been with them for three years. No issues with withdrawals, support answers quickly on live chat.

Write a review

Have you traded with IC Markets? Help other traders by sharing an honest review.

IC Markets FAQ

Is IC Markets regulated?

Yes. IC Markets is regulated by ASIC, CySEC, FSA (SC) and SCB.

What is the minimum deposit at IC Markets?

The minimum deposit at IC Markets is $200.

Which trading platforms does IC Markets offer?

IC Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader and Mobile App.

Does IC Markets offer Islamic (swap-free) accounts?

Yes, IC Markets offers swap-free Islamic accounts on request.

How long do withdrawals take at IC Markets?

Withdrawals at IC Markets are typically processed same business day.

What is the maximum leverage at IC Markets?

Maximum leverage is 1:500, depending on the entity, account type and your location. Retail clients in the UK, EU and Australia are usually capped at 1:30.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.