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IC Markets

Australia|10-15 years| Benchmark AAA|
Market Making(MM)|MT4 Full License|Global Business|


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Average transaction speed (ms)

410.1 Good


Full License


United States



Influence index NO.1

Australia 8.27







MT4/5 Identification

MT4/5 Identification

Full License

Server Name
ICMarkets-Demo01 MT4
Server Location United States




Influence index NO.1

Australia 8.27

Surpassed 7.78% brokers

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+248 467 19 76
Eden Plaza, Office 222, Eden Island, Mahe, Seychelles
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Broker Information


Company Name

IC Markets

Company Abbreviation

IC Markets

Platform registered country and region


Company website

Company Summary

Pyramid scheme complaint


Let's start here

IC Markets is a respected and well-regulated broker, providing a wide range of trading instruments, including over 2250 options, with competitive spreads starting at 0.0 pips. You can start with a demo account to gain experience, and opening a live account only requires a $200 deposit. They offer advanced trading platforms like MT4, MT5, and cTrader. Let's now delve into this IC Markets review.

Quick IC Markets Review in 10 Key Points
Registered in Australia
Regulated by ASIC, CYSEC
Founded in 2007
Trading Instruments Forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, futures
Minimum Initial Deposit $200
Demo Account Available
Islamic Account Available
Maximum Leverage 1:500
Minimum Spread 0.0 pips onwards
Trading Platforms MetaTrader4, MetaTrader5, cTrader
Deposit & Withdrawal Method Neteller, skrill, bank transfer, VISA, Mastercard, paypal, credit card, debit card, unionpay, poli, wire transfer, rapidpay, klarna
Customer Service 24/7 support, email, phone, address

What is IC Markets?

IC Markets is an Australian online forex and CFD broker that provides traders access to the global financial markets. The company was founded in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets offers a range of trading instruments, including forex, indices, commodities, and cryptocurrencies, and provides traders with advanced trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. The company also offers 24/7 customer support and a variety of educational resources for traders of all levels.

In the IC Markets review, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.


What Type of Broker is IC Markets?

IC Markets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IC Markets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that IC Markets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients.

Is IC Market Legit?

IC Markets maintains regulatory compliance in both Australia and Cyprus, adhering to the respective financial regulatory standards in these jurisdictions. Regulatory oversight by ASIC and CYSEC helps ensure transparency and accountability in the broker's operations, contributing to a safer trading environment for clients.

Regulated Country Regulated Authority Regulated Entity License Type License Number
CYSEC IC Markets (EU) Ltd Market Making(MM) 362/18

IC Markets' Australian entity, INTERNATIONAL CAPITAL MARKETS PTY. LTD., regulated by ASIC under license number 335692, holding a license for Market Making (MM).

Regulated by ASIC

IC Markets' enropean entity, IC Markets (EU) Ltd, regulated by CYSEC under regulatory number 362/18, holding a license for Maket Making ( MM) as well.

Regulated by CySEC

WikiFX's investigation team personally visited the registered address located at Omonoias, 141, The Maritime Centre, Block B, 1st floor, 3045, Limassol, Cyprus. Notably, the IC Markets logo was prominently displayed on billboards in the vicinity of the building. Hence, their visit to the location confirmed that IC Markets was indeed operating from the officially designated regulatory address.


Market Instruments

IC Markets offers a wide range of over 2250 tradable instruments to trade, including forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, and futures. This provides traders with the opportunity to diversify their investment portfolio and access multiple markets and assets. The company offers competitive spreads and low commissions on all instruments, making it a popular choice among traders.


Minimum Deposit

IC Markets requires a minimum deposit of $200 for traders to open an account. In the industry, many established brokers frequently impose minimum deposit requirements that surpass $500 or even reach $1,000. In contrast, certain major players such as Avatrade and Aixtrader only mandate minimum deposits of $100 and $0, respectively. So, IC Markets's minimum deposit requirement seems to be in the “middle”.

Here is the comparison of IC Markets minimum deposit with Avatrade, Exness, and Axitrader:

Broker Minimum Deposit
$1 USD

Account Type

Pros Cons
Wide range of account types High minimum deposit requirement
Demo account available Standard account has wider spreads
Islamic account available Commission charged on some accounts
Different trading platforms Limited information on account features
Competitive spreads on some accounts

C Markets offers traders a range of account types with different trading platforms, commissions, and spreads. The CTrader and Raw spread accounts charge a commission of $3 and $3.5 respectively but offer spreads from 0.0 pips, while the Standard account has no commission but wider spreads from 0.6 pips.

A demo account and Islamic account are also available. Although the minimum deposit of $200 may be high for some traders, the variety of account types and competitive spreads on some accounts may make up for it. However, traders should note that commissions are charged on all other accounts apart from the Standard account, and there is limited information on account features.

Demo Account

IC Markets offers a free advanced demo account for beginner traders to practice on, which lasts for 30 days.

Users who open a demo account can enjoy the following features:

  • Access to Raw Pricing

  • Spreads Starting at 0.0 Pips

  • Fast Order Execution

  • Available on MT4, MT5 and cTrader platforms

However, demo accounts aim to mimic real markets but function in a simulated environment. This means there are significant differences compared to real accounts, including not relying on real-time market liquidity, encountering price delays, and having access to certain products that may not be tradable on live accounts.

Opening a demo account is simple:

Step 1: click the “Try a Free DEMO” button on the homepage of IC Markets.


Step 2: Fill in your personal info, including your country of residence, name, email, phone number to get a verification code.


Step 3: Choose to demo accounts on your preferrable trading platform, MT4, MT5, or cTrader. Then choose your account currency, virtual funds, starting from $200 to $5,000,000, your desired leverage level.

Step 4: Log into your demo account and start trading.


IC Markets' maximum leverage offering of up to 1:500 can be beneficial for experienced traders who know how to manage their risks well. The high leverage can potentially magnify the profits of a successful trade, enabling traders to take advantage of larger positions in the market. However, it is crucial for traders to exercise caution when using high leverage as it also increases the potential for significant losses. Inexperienced traders may not be suited for high leverage as it requires a thorough understanding of risk management. It is important to note that certain jurisdictions may have regulatory restrictions on high leverage, and traders should comply with the relevant regulations.

Spreads & Commissions

IC Markets is known for its tight spreads and low commissions, making it a popular choice among traders. The broker offers a variety of account types to choose from, including the Raw Spread account with spreads starting from 0.0 pips and a $3.5 commission per lot traded, and the Standard account with spreads starting from 0.6 pips and no commission. The cTrader account also offers low spreads starting from 0.0 pips, with a $3 commission per lot traded.


Trading Platforms

Pros Cons
Support for popular platforms: MetaTrader4, MetaTrader5, cTrader Limited customization options for cTrader
Variety of trading tools and indicators Steep learning curve for cTrader
Advanced charting capabilities
Ability to use EAs and automate trading strategies
Mobile trading apps available for all platforms

IC Markets offers its clients a variety of trading platforms, including the popular MetaTrader4 and MetaTrader5 platforms as well as the cTrader platform. Each platform offers unique advantages and disadvantages, and traders can choose the platform that best suits their needs.

The MetaTrader4 and MetaTrader5 platforms are similar and offer a range of trading tools and indicators, as well as the ability to use Expert Advisors (EAs) and automate trading strategies.

The cTrader platform, on the other hand, offers advanced charting capabilities and a variety of order types. However, it has a steeper learning curve and limited customization options compared to the MetaTrader4 and MetaTrader5 platforms.


Deposit & Withdrawal

Pros Cons
Various payment options Intermediary and beneficiary fees for international bank wire transfers
Free deposits and withdrawals Withdrawal cut off time at 12:00 AEST/AEDT
Instant withdrawal processing for Paypal/Neteller/Skrill Withdrawal takes up to 10 business days depending on bank

IC Markets offers a variety of deposit and withdrawal options, including Neteller, Skrill, bank transfer, VISA, Mastercard, Paypal, credit/debit cards, Poli, wire transfer, rapidpay, and klarna. IC Markets does not charge any fees for deposits and withdrawals, however, additional fees may occur at some banking institutions.

Withdrawal requests have a cut off time at 12:00 AEST/AEDT, and take up to 10 business days to process depending on the bank. International bank wire transfers take up to 14 days and incur additional intermediary and/or beneficiary fees. Credit/debit card withdrawals are processed free of charge and take 3-5 business days to reach your credit card. Paypal/Neteller/Skrill withdrawals are processed instantly and free of charge, but must be made from the same account as the initial funds were sent from.


Educational Resources

IC Markets offers a comprehensive range of educational resources that cater to traders of all levels. These resources include an economic calendar, market reports, video tutorials, a glossary, blogs, and calculators. The educational resources are updated regularly to ensure the information is relevant and up-to-date. The glossary is particularly useful for understanding forex terms and concepts, while the video tutorials cover a wide range of topics, from basic concepts to advanced strategies. The blogs provide insights into the forex market, which can be useful for making informed trading decisions. The calculators are also helpful tools for calculating risk, margin, and position size. You can also watch videos on their official YouTube channel. For example, this is a video named 7 Common Mistakes New Traders Make, which would be useful for newbies.


Customer Service

Pros Cons
24/7 customer support available No live chat option for immediate assistance
Multiple ways to contact support (phone, email) Phone support may have international charges
Prompt response times to email inquiries

IC Markets provides a strong customer care dimension with 24/7 availability for customer support. Clients can reach out to the support team via phone or email, and can expect prompt response times to email inquiries. However, there is no live chat option available for immediate assistance, and phone support may have international charges, which could be a disadvantage for some clients.



IC Markets is a regulated forex broker that offers traders a wide range of instruments, account types, and trading platforms to choose from. With low spreads, competitive commissions, and high leverage options of up to 1:500, traders can enjoy a flexible and customizable trading experience. The company's educational resources, including market reports, video tutorials, and a glossary, are extensive and informative, providing traders with valuable insights into the forex market. Additionally, IC Markets' customer support is available 24/7, ensuring that traders can always receive timely assistance. The company's variety of deposit and withdrawal methods also makes it easy for traders to manage their accounts efficiently. Overall, IC Markets is a reliable and trustworthy broker for both novice and experienced traders alike.

Frequently Asked Questions (FAQs)

  • Question 1: What is the minimum deposit required to open an account with IC Markets?

  • Answer 1: $200.

  • Question 2: What are the available deposit and withdrawal methods on IC Markets?

  • Answer 2: Neteller, Skrill, bank transfer, VISA, Mastercard, Paypal, credit/debit cards, Poli, wire transfer, rapidpay, and klarna.

  • Question 3: What trading platforms are available on IC Markets?

  • Answer 3: MetaTrader4, MetaTrader5, and cTrader.

  • Question 4: What is the maximum leverage offered by IC Markets?

  • Answer 4: 1:500.

  • Question 5: Does IC Markets charge any fees for deposits and withdrawals?

  • Answer 5: IC Markets does not charge any fees for deposits and withdrawals. However, additional fees may occur at some banking institutions.

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WikiFX Verification

IC Markets · WikiFX Survey
Perfect IC MARKETS Joins in Wiki Finance Expo Sydney 2023
IC Markets · Benchmark
Average transaction speed(ms)
410.1 Good
The highest transaction speed(ms)
2 Perfect
The highest speed of opening positions(ms)
2 Perfect
The highest speed of closing position(ms)
2 Perfect
The lowest speed of opening positions(ms)
1998 Poor
The lowest speed of closing position(ms)
1998 Poor
8.1USD/Lot Great
13.11USD/Lot Perfect
Long: -6.25USD/Lot    Short: 2.56USD/Lot Good
Long: -32.97USD/Lot    Short: 20.77USD/Lot
Average slippage
-0.2 Great
Maximum transaction slippage
29 Poor
Maximum positive slippage
-16 Perfect
Maximum negative slippage
29 Poor
Average disconnection frequency (times/day)
0.1 Perfect
Average reconnection time (millisecond/per request)
Ranking: 16 / 127
Test user 10,089
Orders 96,780
Ocuppied margin $42,575,586 USD
Data Source WikiFX Data provide
Updated: 2024-06-24 01:00:00

Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • London
  • 598***
  • 05-18 05:16:26
  • Dubai
  • 393***
  • 05-18 05:01:36
  • Bangkok
  • 661***
  • 05-18 05:01:36

Stop Out


Stop Out Symbol Distribution

6 months

Mkt. Analysis


IC Markets Now Licensed in Kenya

NewsIC Markets Now Licensed in Kenya

2024-05-09 22:02

IC Markets has recently joined the ranks of forex and contracts for difference (CFDs) brokers to secure a regulatory license in Kenya. The Capital Markets Authority (CMA) in Kenya has granted this license to IC Markets Kenya Limited, a locally registered entity.

2024-05-09 22:02
IC Markets Now Licensed in Kenya
IC Markets Secures Regulatory License in Kenya

NewsIC Markets Secures Regulatory License in Kenya

2024-05-09 16:47

IC Markets has obtained a license from Kenya's CMA to operate as a non-dealing online FX broker.

2024-05-09 16:47
IC Markets Secures Regulatory License in Kenya
Power Duo: IC Markets and Bloomberg Join Forces

NewsPower Duo: IC Markets and Bloomberg Join Forces

2024-03-21 17:22

IC Markets, a prominent Australia-based retail FX and CFDs brokerage group, has partnered with Bloomberg Media Studios to launch the eagerly anticipated fourth season of IC Your Trade (ICYT), a renowned business vodcast offering valuable insights into the world of trading and finance.

2024-03-21 17:22
Power Duo: IC Markets and Bloomberg Join Forces
WIKIFX REPORT: UK Summer Bank Holiday Schedule – 2022

NewsWIKIFX REPORT: UK Summer Bank Holiday Schedule – 2022

2022-08-16 14:15

The Summer Bank Holiday (England and Wales) takes place on the last Monday of August. Yet, this wasn't always the case. Along with Scotland and Northern Ireland, England and Wales celebrated the Summer Bank Holiday on the first Monday of August.

2022-08-16 14:15
WIKIFX REPORT: UK Summer Bank Holiday Schedule – 2022


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