IC Markets

About IC Markets

IC Markets is an Australian-based online Forex CFD provider firm. With a focus on transparency, integrity, and innovation, IC Markets has earned a reputation as one of the leading Forex brokers in the industry.The company’s expertise in CFDs for several financial markets, including Forex, Indices, Commodities, Bonds, and equity markets in Asia and Europe, offers a comprehensive trading experience, cutting-edge platforms, low-latency connectivity, and superior liquidity.Whether you’re an active day trader, scalper, or new to the Forex market, IC Markets provides the tools and support you need for successful trading.

Safety and Regulations

Trading Regulators

IC Markets offers a stable and transparent trading environment. This is achieved through stringent regulatory bodies ensuring compliance and providing clients with an added layer of security.

IC Markets is regulated by:

• Australian Securities and Investments Commission (ASIC)
• Seychelles Financial Services Authority (FSA)
• Cyprus Securities and Exchange Commission (CySEC)

Security

To prevent fraud, IC Markets employs robust encryption protocols and strict verification procedures to protect personal information and prevent unauthorized access. Additionally, the company segregates client funds from operational funds, providing an extra level of protection. This means that even in the rare event of financial instability, clients money remains secure. 

Transparency

IC Markets commitment to transparency is evident in the readily available information on its website. From detailed regulatory status to clear explanations of spreads and commissions, the company ensures that clients are informed every step of the way.

Tradable Instruments

IC Markets provides traders with diverse financial instruments, catering to different trading strategies and market preferences. With a wide range of asset classes, the platform ensures ample opportunities for traders looking to diversify their portfolios.

Tradable Assets and Markets at IC Markets

Forex

IC Markets offers access to over 60 currency pairs, including major, minor, and exotic pairs. With competitive pricing and tight spreads, the platform provides a favorable environment for Forex traders. Whether you are a beginner or a seasoned trader, the extensive Forex offering ensures exposure to the world’s largest financial market.

Cryptocurrencies

IC Markets allows traders to engage in cryptocurrency trading through CFDs. However, direct ownership of digital assets is not supported on the platform. The broker provides exposure to popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), enabling traders to speculate on price movements without the need for secure storage or exchange-based counterparty risk.

Commodities

IC Markets offers a variety of commodities for trading. These include precious metals like gold and silver, energy products such as crude oil and natural gas, and agricultural commodities. With a total of over 22 CFDs on commodities available, traders can hedge against inflation and diversify their portfolios.

Indices

IC Markets provides traders with the opportunity to speculate on global stock indices. The platform includes 25 indices from different regions, covering major economic markets. Among the available options are the Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500, and US DJIA Index, allowing traders to gain exposure to global economic trends.

Bonds

IC Markets offers CFDs on bonds, which are based on fixed-income securities. Traders can speculate on bond prices with flexible lot sizing, going long or short as market conditions dictate. With over 9 bonds available for trading, IC Markets enables traders to explore the bond market as part of their investment strategy.

Stocks

IC Markets provides access to an extensive range of stock CFDs, allowing traders to engage with some of the most well-known global companies, including Nvidia, Apple, Meta, Microsoft, and BHP Billiton. With over 2,100 stocks listed across Australian and US markets, the platform offers a robust selection for equity traders. Stock CFDs are exclusively available on the IC Markets MetaTrader 5 platform, which provides advanced trading functionalities and superior charting tools.

Futures

IC Markets offers Futures CFDs that are directly priced from underlying futures markets. These CFDs come with competitive spreads, as commissions, financing charges, and dividend adjustments are all integrated into the spread. The platform provides 4 global futures markets, giving traders exposure to a range of futures instruments.

Account Types

IC Markets has versatile account types, allowing traders to select an account that aligns with their specific trading needs.

IC Markets Live Accounts

Standard Account

Exclusive to the MetaTrader platform, the Standard Account operates on a spread-only model, meaning traders do not pay commissions on trades. Spreads start from 0.8 pips, reflecting a markup since there are no commission fees. A minimum deposit of $200 is required, with a trade lot size starting from 0.01 and allowing up to 200 open positions with leverage up to 1:500. Additionally, this account features negative balance protection to prevent traders from losing more money than they have deposited.

Raw Spread Account via MetaTrader

The Raw Spread Account available on the MetaTrader platform is suitable for professional traders, including EAs and scalpers, who prefer ultra-tight spreads and faster execution. It charges a commission of $3.50 per lot traded, totaling $7.00 for a round turn. Spreads start from 0.0 pips. Traders must deposit at least $200, with a minimum trade lot size of 0.01, and allow up to 200 open positions with a maximum leverage of 1:500. This account also benefits from negative balance protection and charges swap fees for positions held overnight.

Raw Spread Account via cTrader

The Raw Spread Account on the cTrader is suitable for day traders and scalpers. It offers similar benefits to its MetaTrader but provides comparable advantages to its MetaTrader equivalent. A commission of $3 per side per lot is charged, totaling $6.00 for a round turn. Spreads also start from 0.0 pips. The account requires a minimum deposit of $200, supports a minimum trade lot size of 0.01, and allows up to 2,000 open positions with leverage up to 1:500. Negative balance protection is also included.

IC Markets Demo Account

IC Markets provides a demo account so traders may test and improve their methods using virtual funds. This is particularly beneficial for beginners seeking to gain confidence before transitioning to live trading. The trial account is accessible for the MetaTrader 4, MetaTrader 5, and cTrader platforms and provides access to real-time quotations and emulates market conditions across a diverse range of assets.

IC Markets Islamic Accounts

IC Markets offers a swap-free Islamic account designed to adhere to Sharia law, making it accessible for Muslim traders. This account mirrors the features of the Raw Spread and Standard Accounts, including the same spreads, commission fees, leverage, and minimum deposit requirements, but without swap fees. Instead, a flat-rate financing fee applies for positions held overnight. Traders can select the Islamic Account option during account creation.

Supported Platforms

IC Markets offers a diverse array of reliable trading platforms to meet the needs of both novice and seasoned traders. Each platform available through IC Markets is equipped with advanced charting tools, enhancing the technical analysis capabilities essential for effective trading.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• cTrader

Overview of IC Markets’ Trading Platforms

MetaTrader 4

IC Markets offers access to MetaTrader 4, one of the most widely used and reliable trading platforms in the industry. The platform is optimized for speed and efficiency, with IC Markets’ MetaTrader 4 server averaging less than 1 millisecond of latency to major VPS providers. This low latency is particularly beneficial for automated and high-frequency trading, allowing traders to execute strategies with precision.Traders using MetaTrader 4 through IC Markets benefit from raw pricing, competitive spreads, and fast order execution. There are no restrictions on trading, making it an ideal platform for scalping and high-frequency trading. With leverage up to 1:500 and a minimum lot size of 0.01, IC Markets ensures flexibility in trading conditions. The platform is accessible on desktop, tablet, and mobile devices, enabling traders to monitor and execute trades from anywhere.

MetaTrader 5

MetaTrader 5 builds upon the success of its predecessor, offering enhanced charting tools, sophisticated order management, and improved depth of market features. IC Markets MetaTrader 5 platform provides access to raw pricing with spreads starting from 0.0 pips, ensuring highly competitive trading conditions. With deep interbank liquidity and low-latency trading, the platform is suitable for traders looking for precise execution and advanced analytics.The MetaTrader 5 platform also supports algorithmic trading with the MQL5 programming language, allowing traders to develop and implement automated trading strategies. Like MetaTrader 4, it has no trading restrictions and permits traders to place orders within the spread. The platform is available across multiple devices, offering seamless access to the markets.

cTrader

IC Markets’ cTrader platform is designed for traders who require a high-performance trading experience. The platform offers transparency by displaying the full depth of the market, allowing traders to see the available volumes for each price level in real time. cTrader’s Smart Stop Out logic is designed to maximize account protection, ensuring traders can manage risk efficiently.With no restrictions on limit orders and multiple advanced order types, cTrader provides flexibility for traders executing complex strategies. The platform integrates advanced trading tools, including depth of market (DOM) and volume-weighted average price (VWAP) indicators. cTrader is available on desktop and mobile, allowing traders to stay connected to the markets at all times.

TradingView

IC Markets integrates with TradingView, providing access to some of the most advanced charting and technical analysis tools available. TradingView features interactive charts with over 110 drawing tools and more than 400 pre-built indicators. The platform’s Forex screener enables traders to filter opportunities using technical and fundamental criteria, while real-time data ensures accurate market tracking.Traders can backtest strategies using historical data, gaining insights into potential performance before executing trades. The platform supports micro lot trading with no restrictions on limit orders, making it accessible for traders with different levels of experience. One-click trading and customizable watchlists allow users to react swiftly to market changes.

Mobile Platforms

Recognizing the importance of mobile trading, IC Markets offers fully functional mobile trading apps for MetaTrader 4, MetaTrader 5, cTrader, and TradingView. These apps are available for both iOS and Android, allowing traders to stay connected to the markets anytime, anywhere.The mobile trading apps are designed with user-friendly interfaces, allowing traders to navigate seamlessly between core features such as Quotes, Charts, Trade, History, and Settings. Advanced technical analysis tools, including multiple chart types and indicators, enable traders to conduct in-depth market analysis directly from their mobile devices.

Trading Features

Commission and Fees

IC Markets is renowned for its cost-effective and straightforward fee structure, designed to cater to a broad spectrum of traders. The fees fluctuate depending on the account type, providing flexibility for various trading strategies.

Trading Fees

The trading fees at IC Markets are influenced by the chosen platform, account type, and the specific regulatory entity. IC Markets provides competitive spreads for CFD trading, offering affordable access to multiple asset classes. The starting spread is as low as 0.0 pip, which is especially beneficial for traders executing high-frequency or large-volume trades.Traders holding positions overnight may incur financing fees, which differ depending on the asset and the size of the position.On Wednesdays, traders face triple-rate fees for overnight funding. Forex positions held over Wednesdays and Thursdays are charged triple swaps due to the two-day settlement period for spot contracts.Swap rates vary depending on whether a position is long or short, and some currency pairs may have negative or positive swaps in either direction of the trade. Current swap rates at IC Markets are automatically converted to the base currency of the trader’s account.To avoid interest rate adjustments on overnight positions, traders can opt for swap-free trading on Standard and Raw Spread accounts.

Non-Trading Fees

IC Markets does not charge any non-trading fees. There are no account maintenance or inactivity fees, which means traders can leave their accounts inactive without incurring extra charges.

Deposits and Withdrawals

Deposits

IC Markets does not charge any fees for deposits or currency conversions. Getting started with IC Market is easy. All you need is a verified account, which can be quickly completed by submitting a government-issued ID and proof of residence. Once that’s done, you’re ready to fund your account. The minimum deposit at IC Markets is set at $200 for all account types, making it accessible for most traders. However, if youre looking to dive into large-volume trading, consider making a bigger initial deposit to suit your trading strategy and goals better.

Withdrawals

IC Markets does not apply any fees for withdrawals, although external fees from payment providers may apply. Withdrawing is just as easy, whether you’re using cards, e-wallets, or bank transfers. The minimum withdrawal is only $1 for cards and e-wallets and $50 for bank transfers. Verified users can submit withdrawal requests directly from their accounts. Requests made before 12:00 (AEST/AEDT) are processed on the same day, while those submitted after that time are handled the next business day. For e-wallets, your funds are typically available within minutes. Bank transfers and card withdrawals may take 3-5 business days, while international bank transfers are completed in 3-14 days. 

Deposit and Withdrawal Methods:

Credit and Debit Cards, PayPal, Neteller, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, and Vietnamese Internet Banking.