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IC Markets Review Scores

Overall Score: 3.9 / 5

Total Votes: 771
Customer Service
1 - Worst   5 - Best

IC Markets Discussion

fiz178 (bluemercurry)
Nov 05 2013 at 22:12
6 posts
never find good broker like ic markets . spreads , speed , and slippage no broker can beat ic markets

life is beautiful
Jan 04 2014 at 13:58
8 posts
I opened account in IC Markets April 2012.
1. Low spreads
2. Very high commission.
FXOpen NZ has better spread and lower commission
3.There are few deposit/withdrawal options.
4.There is Moneybookers to deposit funds, and there is not Moneybookers to withdrawal funds. It's really stupid.

Jan 29 2014 at 07:29
26 posts
IC Markets good spread, low slippage, good broker

Feb 12 2014 at 10:32
136 posts
Very good broker at last. Great spreads, fast execution, positive slippage, fast wire deposits, great customer service.

Only setback lacks a web interface for MT4 accounts. Commission is a little high but at least this broker doesn't stack the deck against you & deserves to be paid for being transparent

This is a broker that doesn't false advertise. IC Markets is the best Forex retail broker I have worked with in 28 years of trading.

Truly institutional spreads for retail FX. I hope they will raise their minimums as $200 for an account could me a problem to macro manage

I rate this broker 8 out of 10 & hope they will have a web interface soon for the MT4 accounts

Matt (BluePanther)
Feb 13 2014 at 03:56
1344 posts
Mediocre broker - better than some I have tried though. Customer service sometimes lacking, though easily reached with phone in Australia.

Regulated in Australia, so pretty safe (I guess).

Main gripe: 200 maximum orders open at any time! So much for HFT systems that require lots of trades at once!

Vadym (leonov)
Mar 01 2014 at 21:49
1 posts
Mar 02 2014 at 07:29
225 posts
After having been with IC Markets for about a year now, I can definitely say with confidence they're the best retail space broker I've yet tried; I highly recommend them. The relative quality of their trade environment is precisely why I became an IB for this broker!

Offering the best commission discounts for the best broker: $1.50 / RTL Global Prime:
Damien (Damien1881)
Mar 03 2014 at 12:03
24 posts
Best broker I've used and am using, they do still have a bit of slippage but both positive and negative, not really sure how it compares as it's the first ecn I've used. Best spreads for Australia and up there with the best in the world for retail, often I have zero spread on EURUSD but I don't like trading this pair. I'm Australian so looked locally first, makes me feel a bit more secure with our regulations.
They don't have the best support services but in saying that, I like that I don't get unwanted emails and phone calls, I'm left alone to trade how ever I want, no restrictions on how I trade.
I have attended a few of the webinars that they have for clients and found those to be very informative without the big sales pitch at the end, an example would be the differences in liquidity around news times that affect spreads, cause slippage and the speed of the market move, stuff you wont find in a place like forex factory.
NOTE - I signed up with an IB , am paying $5.50 a round turn instead of the quoted $7.00

Don't listen to and follow the BS online.
Mar 24 2014 at 14:56
15 posts
I've been trading with IC Markets for more than a year now! I chose IC markets mainly for their excellent spreads, they have been consistently offering lowest spreads in almost all pairs when compared to other brokers.

I would definitely recommend IC Markets to a fellow trader, not only because of their low spreads, but also because they are leagues ahead in terms of personal customer service and support, which is a real rarity these days especially in the Forex industry.

Like most of you all, I also joined under a IB, reducing my commission to just 5.5$ per round lot.


Mar 25 2014 at 08:41
3 posts
Bad, bad experiences...
low Spread that's true, but if you want to withdrawal, then there are 55 USD (!) fee, very bad and very expensive in my opinion

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