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IC Markets

Company International Capital Markets Pty Ltd
Website
Broker type ECN
Minimum deposit 200 USD
Regulations ASIC (AFSL), CySEC, FSA
Discount -

Average rating

View ratings
9.6
Total average

9.6/10

Credibility ( 9.9 )
No problems with withdrawals. No suspicious practices.
Customer Service ( 9.8 )
Contact with the support. Deposit/withdrawal process. Reliability.
Offer ( 9.2 )
Level of spreads and commissions. Product Range.
Platform ( 9.4 )
Ease of use, fast execution, reliability.

Description

IC Markets is an Australian broker that is well known in Europe and Asia. Since its establishment in 2007, it has been offering its services in the ECN model. It is regulated by the Australian Securities and Investments Commission (ASIC). The broker boasts the ultra-fast execution of orders. In addition, it offers dedicated accounts for scalpers, daytraders and EA robots.

International Capital Markets offers most popular trading platforms like Meta Trader 4, 5 and cTrader, all in mobile and desktop version. Clients can also use tools like VPS, Autochartist, trading tools, FIX API, Myfxbook Autotrade or MAM/PAMM.

International Capital Markets Pty Ltd (ACN 123 289 109) (trading as IC Markets) holds an Australian Financial Services Licence (AFSL No. 335692) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL.
IC Markets (EU) Ltd – regulated by the Cyprus Securities and Exchange Commission (CySEC) under the CIF Licence No 362/18.
Raw Trading Ltd (Trading as IC Markets SC) – regulated by the Financial Services Authority of Seychelles with a Securities Dealer Licence number: SD018

IC Markets offer

The IC Markets broker is a typical CFD broker, which means that all instruments and markets available in its offer are in practice CFDs. It means that when trading, for example, gold, in practice we do not buy gold, but only a contract for price change.

Forex

Like other brokers, IC Markets also offers access to currency pairs, more than 60 different pairs to be precise. The spreads on them, as declared by the broker, starts from 0 pips (depending on the account type).

Indices

Stock indices offer exposure to “baskets” of stocks from a variety of markets and industries. The most popular of them are, for example, the SP 500, DAX or FTSE 100. IC Markets offers 25 indices from exchanges around the world.

Commodities

Energy resources, agricultural raw materials and precious metals. You can also find CFDs on these types of products at ICM. More than 20 instruments of this type are available.

Stocks

The broker offers access to over 730 CFDs on shares from exchanges such as ASX, Nasdaq and NYSE. These are stocks CFDs of the most popular companies with the highest liquidity.

Bonds

Bonds CFDs allow for exposure to domestic bonds from major countries such as Japan, UK and the US. In total, you can trade over 10 different bonds.

Cryptocurrencies

IC Markets also offers the possibility of trading cryptocurrency contracts, 7 days a week. Standard leverage on such instruments is lower compared to less volatile markets. The broker offers over 10 of the most popular cryptocurrencies.

Futures

Futures CFDs allow for exposure to the most popular “futures” such as:

  • ICE Dollar Index Futures
  • CBOE VIX Index Futures
  • Brent Crude Oil Futures
  • WTI Crude Oil Futures

Types of accounts at IC Markets

We can distinguish 3 different types of accounts in ICM – Raw Spread, Raw Spread (cTrader) and Standard. It is worth adding that the leverage depends on the jurisdiction in which we create our account. While in Seychelles it can be even 1:500, in the Cyprus branch of IC Markets it will be compliant with ESMA restrictions, i.e. it will be 1:30 for non-professional clients and 1:200 for professional clients.

Standard account

It is a standard account comparable to accounts with most FX / CFD brokers. Namely, the only transaction fee in this case is the spread, which starts at 1 pips. There is no additional commission present on Raw Spread accounts. The minimum lot size is 0.01.

Available platforms: Meta Trader 4 and 5.

Raw Spread Account

It is an account with very low spreads (the average spread on EUR / USD according to the broker is 0.1 pips), but with an additional commission on concluded orders (3.50 USD per 1 lot of transaction, both when opening and closing positions).

Available platforms: Meta Trader 4 and 5.

Raw Spread Account (cTrader)

Equivalent to a Raw Spread account, but with a different trading platform – cTrader. In this case, the additional commission on the transaction is slightly lower, amounting to USD 3 per 1 lot (also charged at opening and closing).

It is worth adding that the range of available instruments may differ between the Meta Trader and cTrader platforms.

Is IC Markets safe?

Yes, it is one of the largest brokers in the world that has been operating continuously since 2007 and has ASIC, CySEC and FSA licenses.

What is minimum deposit on IC Markets?

The minimum deposit is $200.

What financial instruments can you trade on IC Markets?

The broker offers CFDs trading on currencies (forex), stocks, commodities, indices, cryptocurrencies, metals and more.

Is the IC Markets account free?

Yes, the broker only charges fees on the transactions concluded.

 

ForexRev Team

Specifications

Company International Capital Markets Pty Ltd
Website
Broker type ECN
Leverage 1:500
Minimum deposit 200 USD
Negative balance protection Margin Call: 100%
Regulations ASIC (AFSL), CySEC, FSA
Trading platforms Meta Trader 4, Meta Trader 5, cTrader, mobile, web
Payments Credit/Debit Cards, Moneybookers, Bank Transfer, Webmoney, Bpay, broker to broker transfer, China Union Pay, Neteller, FasaPay
EUR/USD Spread 0,1 pips
Min lot 0,01
Country Australia
Established in 2007
Number of instruments 90+
Discount -

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IC Markets - Reviews (15)

8.0
Partial ratings
Credibility:10
Customer Service:8
Platform:7
Offer:7

I have the impression that somehow the services broke down a bit, especially the execution, maybe due to the move to different jurisdictions? It's hard to say, still one of the best in my opinion, but they have to take care of it if they don't want to become the next mediocre. And the offer is quite poorly developed, especially in terms of crypto.

Plusses No plusses
Minors No minors
Posted on
9.8
Partial ratings
Credibility:10
Customer Service:10
Platform:9
Offer:10

One of the best broker which I used. Good execution and many instruments. And I think one of the lowest spreads!

Plusses No plusses
Minors No minors
Posted on
9.3
Partial ratings
Credibility:9
Customer Service:10
Platform:9
Offer:9

So far they are the best

Plusses No plusses
Minors No minors
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

Great spreads, good regulations, nice support. What can I get more? I am trading with them (intraday) since 2017 and everything is still really good.

Plusses No plusses
Minors No minors
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:10
Platform:9
Offer:9

For me ICM is one of the best brokers for retail. Great contact with support and no suspicious practices. Through my 2 year trading with them I didn't need to send any complaint to them.

Plusses No plusses
Minors No minors
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:10
Platform:9
Offer:9

I have been trading on IC markets for 3 years and I believe that it is one of the best brokers I have dealt with in my several years of investing history. Reliable service, low trading costs. It is a broker that does not interfere with trading, and I believe that is the most important thing.

Plusses No plusses
Minors No minors
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

Great trading experience and really nice support. My nr1 broker right now.

Plusses No plusses
Minors No minors
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

Great broker with high leverage its that what I need :) IC works really good, especially when I compare them with brokers from Cryprus.

Plusses No plusses
Minors No minors
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:10
Platform:9
Offer:9

I really like them. I am from Italy and I have problem with restricted leverage by ESMA, so ICM is perfect for me. Trading conditions are really good and they are really trustworthy!

Plusses No plusses
Minors No minors
Posted on
9.8
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:9

I am working with IC Markets for 2 years and I didn't have yet any problems with them. Money transfers on time, contact with support OK and quite low transaction costs.

Plusses
  • Low costs
  • Credibility
Minors No minors
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

I moved to IC Markets two months ago and I am really surprised. Very good execution and low spreads, that's what I need!

Plusses
  • low spreads
  • good execution
Minors No minors
Posted on
9.8
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:9

One of the best ECN broker. I have 2 years of experience with IC Markets. Low spreads and provision. Very good execution. A lot of instruments.

Plusses
  • Low costs
  • Good execution
Minors No minors
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:10
Platform:9
Offer:9

Low spreads/provision and very good execution.

Plusses
  • Low spreads/provision
Minors No minors
Posted on
9.8
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:9

Pure ECN, good offer and platform. I am trading here for 2 years and I am completely pleased with them.

Plusses No plusses
Minors No minors
Posted on
9.5
Partial ratings
Credibility:10
Customer Service:9
Platform:10
Offer:9

Very fast platform its obviously big plus. Good offer is another plus. After 5 month of trading I can recommend this broker.

Plusses No plusses
Minors No minors
Posted on

Submit your own review

No problems with withdrawals. No suspicious practices.
Contact with the support. Deposit/withdrawal process. Reliability.
Level of spreads and commissions. Product Range.
Ease of use, fast execution, reliability.

 

I confirm that this review was written based on my own experience and was not solicited in any way by any broker.

Forum IC Markets - questions and answers

  1. carlos esteves

    Negoceiam com gráficos de ticks para a Europa?

    Posted on 14 September 2021
  2. Edward Jeswill

    Can I have 2 Accounts in ic market with 2different email address

    Posted on 18 March 2020
    • ForexRev Team

      Yes You can have 2 profile accounts with different email.

      Posted on 18 March 2020
  3. Mohamed

    How can i deposit my money int this help or how can i sign in

    Posted on 1 February 2020
    • ForexRev Team

      Hi Mohamed,
      After logging in Client Area (click “Client Login” button on the top-right corner) you will see the “Deposit” button on the left. There you will find all deposit methods.

      Posted on 3 February 2020
  4. karmen

    Hi ,do you have BTMX (bitmex)?

    Posted on 19 December 2019

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Note: Opinions and posts on ForexRev.com represent personal opinions and views of their respective authors and should not be interpreted as recommendations to purchase or sell securities. ForexRev.org assumes no responsibility or liability for such content.
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