⚡ 24/7 Market Coverage
FX
Top FX Brokers Financial News & Broker Directory
Compare Brokers
← Back to Leaderboard
IC Markets
Rank #3 Verified Review

IC Markets Review

★ 4.8/5.0 • Regulation: ASIC, CySEC, FSA, SCB

Open IC Markets Account ↗

👍 Key Advantages

  • ✓True ECN connectivity with Equinix NY4 & LD5 data centers
  • ✓Average EUR/USD spread of 0.02 pips—lowest in the industry
  • ✓Full support for MT4, MT5, cTrader, and TradingView
  • ✓Zero dealing desk intervention—100% friendly for scalping & HFT bots

⚠️ Limitations

  • ✕$200 recommended minimum deposit for Raw accounts
  • ✕No promotional deposit bonuses due to strict tier-1 regulations
BROKER REVIEW

IC Markets Review

An independent overview of IC Markets trading accounts, spreads, commissions, platforms, regulation and trading risks.

Open IC Markets Account ↗ Compare Accounts

Last updated: October 2026

Choosing a forex broker is an important decision for every trader. In this IC Markets Review, we examine account types, trading platforms, spreads, commissions, gold trading conditions and key factors to consider before opening a live account.

This review provides general information to help readers compare trading services. Account conditions can vary by legal entity and country, so verify the current terms on the official website before depositing funds.

What Is IC Markets?

IC Markets is a forex and CFD broker offering access to various financial markets through supported trading platforms. Depending on your account and jurisdiction, available instruments may include forex, precious metals, indices, commodities, shares and other CFDs.

Trading Platforms

MetaTrader 4, MetaTrader 5 and cTrader are available on supported accounts and entities. Some offerings also support TradingView integration.

Account Choices

Standard and Raw Spread accounts are key options, with platform-specific pricing and conditions.

Trading Costs

Costs may include spreads, commissions, overnight financing and slippage.

IC Markets Account Types

IC Markets offers different pricing structures depending on the trading platform. The following table summarizes commonly advertised conditions for its global offering. Check your own entity for the applicable terms.

Feature Standard Raw Spread (MT4/MT5) Raw Spread (cTrader)
Starting spread 0.8 pips 0.0 pips 0.0 pips
Commission $0 $3.50 per lot per side $3 per USD 100,000 traded
Pricing model Spread markup Raw spread + commission Raw spread + commission
Platform MT4 / MT5 MT4 / MT5 cTrader

Important: These are advertised starting conditions, not guaranteed live spreads. Commissions may depend on account currency, platform and instrument. Minimum deposits and leverage also vary by entity and region.

1. Standard Account

The Standard account uses spread-based pricing without a separate trading commission. It may appeal to traders who prefer a simpler fee structure. However, the spread markup means it is important to compare the total cost of each trade.

2. Raw Spread Account

The Raw Spread account passes through raw pricing from liquidity providers, with a separate commission. IC Markets advertises spreads starting from 0.0 pips. The actual spread changes with market conditions, and the commission must be included when calculating trading costs.

3. Raw Spread on cTrader

The cTrader Raw Spread account uses a platform-specific commission structure. It may suit traders who prefer cTrader's interface and tools. Compare the commission basis, supported instruments and platform features before selecting it.

Trading Gold (XAUUSD) on IC Markets

Gold is a popular instrument among forex traders because its price can move sharply during economic announcements, changes in interest-rate expectations and periods of market uncertainty. These movements also create significant risk.

Before trading XAUUSD, check:

  • The current gold spread and any applicable commission
  • Contract size, tick size and tick value
  • Margin requirements and leverage limits
  • Swap or overnight financing charges
  • Execution conditions during volatile sessions
Gold Trading Tip

Test your strategy on a demo account before trading live. Choose position sizes according to your risk limits, and never increase lot sizes simply to recover previous losses. Stop-loss orders can help manage risk, but execution at the requested price is not guaranteed in every market condition.

Advantages and Disadvantages

Potential Advantages

  • Standard and Raw Spread pricing choices
  • MT4 and MT5 options
  • cTrader availability on supported accounts
  • Demo accounts for strategy testing
  • Commission-based pricing for active traders

Things to Consider

  • Raw Spread accounts charge commissions
  • Spreads can widen during volatile markets
  • Execution can be affected by slippage
  • Regulatory protections depend on the legal entity
  • Payment methods and account terms vary by region

Is IC Markets Regulated?

IC Markets operates through different legal entities in various jurisdictions. The applicable regulator, leverage limits and client protections depend on the entity that accepts your account.

Before registering, verify:

  • The exact legal company name in your account agreement
  • The licence number in the relevant regulator's official register
  • The protections available to clients in your country
  • The applicable complaint and dispute-resolution procedures

Useful official resources:

Do not assume that every legal entity offers the same leverage, account conditions or regulatory protection.

Deposits and Withdrawals

Payment methods, minimum amounts, processing times and applicable fees can vary by country, payment provider and account entity. Check the funding options available in your client area before transferring money.

  • Complete the required identity verification.
  • Review payment limits and applicable fees.
  • Read the current withdrawal and processing terms.
  • Keep transaction confirmations and account records.

Never assume a payment method advertised in another country will be available for your account.

Who May Consider IC Markets?

Beginners

Use a demo account to learn the platform, practise position sizing and understand trading costs before risking real money.

Gold Traders

Compare XAUUSD spreads, commissions, margin requirements and execution conditions.

Scalpers

Evaluate total trading costs, including spreads, commissions and slippage during your preferred sessions.

EA and Algo Traders

Check platform compatibility and test your Expert Advisor on a demo account before live deployment.

Frequently Asked Questions

Is IC Markets suitable for beginners?

Its demo accounts and different pricing options may help beginners practise. Suitability depends on your experience, financial circumstances and understanding of trading risk.

Does IC Markets offer zero spreads?

Its Raw Spread accounts advertise spreads starting from 0.0 pips. Actual spreads fluctuate, and applicable commissions still contribute to total trading costs.

What is the minimum deposit?

Minimum funding requirements can depend on the legal entity, payment method and account conditions. Confirm the current requirement in your own registration process rather than relying on a universal figure.

Can I use an MT5 Expert Advisor?

Expert Advisors can be used on compatible MT5 accounts. Check the current platform conditions and test your EA on demo before using real funds.

Is IC Markets available in every country?

No. Account eligibility and available services depend on residency, local restrictions and the legal entity serving you. Check the official eligibility requirements before registering.

Is Raw Spread always cheaper than Standard?

Not necessarily. Raw Spread charges a separate commission, while Standard includes a markup in the spread. Compare both models using your typical trade size, instrument and holding period.

Explore IC Markets

Review the available accounts, trading costs and legal terms before deciding whether to register.

Visit IC Markets & Register ↗

Registration and account availability are subject to the broker's terms and regional restrictions.

Final Verdict

IC Markets offers Standard and Raw Spread pricing models alongside several trading platform options. The right choice depends on your preferred instruments, trading frequency, total costs and the legal entity available in your country.

Before opening a live account, verify regulatory details, spreads, commissions, funding terms and platform compatibility. Start with a demo account if you are new to trading, and remember that a broker's features do not guarantee profitable results.

⚠️ Risk Disclaimer

This article is for educational and informational purposes only and does not constitute financial, investment or legal advice. Forex and CFD trading involve substantial risk and may result in the loss of your deposited capital. Leverage magnifies both gains and losses. Past performance does not guarantee future results. Always research the broker, verify its current terms and consider whether trading is appropriate for your circumstances.

Affiliate Disclosure: This article contains an affiliate link. The publisher may receive a commission or other benefit if a reader registers through this link. This does not guarantee broker suitability or trading results.