IC Markets Review
Best for: Low-cost ECN trading for active and algo traders
A well-known ECN-style broker built around deep liquidity and fast execution, popular with scalpers and algorithmic traders running expert advisors.
Key facts
- Minimum deposit
- $100
- Spread from
- 0.0 pips (Raw Spread, plus commission)
- Regulation
- ASIC (Australia), CySEC (Cyprus), FSA (Seychelles)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader
- Account types
- Raw Spread, Standard, cTrader Raw, Demo
- Markets
- Forex, Indices, Commodities, Shares CFDs, Crypto CFDs, Bonds
Pros & cons
Pros
- Very tight raw spreads on major pairs
- Choice of MetaTrader and cTrader platforms
- Execution speed suited to EAs and scalping
Cons
- Commission charged on Raw Spread and cTrader accounts
- Interface can feel technical for first-time traders
Fees and spreads
Raw Spread and cTrader Raw accounts charge a per-lot commission on top of near-zero spreads; the Standard account is commission-free but has wider spreads. Confirm current commission rates directly with IC Markets.
Deposits and withdrawals
Supports bank transfer, cards and a range of e-wallets, with available methods varying by region. Confirm processing times and any fees with the broker.
Customer support
Support available across market hours in multiple languages.
Education
Trading guides, webinars and a demo account for practice.
Who this broker may suit
May suit active, scalping or algorithmic traders who prioritise tight spreads and fast execution.
Final assessment
A long-standing broker known for pricing and execution speed. Verify current regulatory status and account terms directly with the broker before opening an account.
Frequently asked questions
Is IC Markets regulated?
IC Markets operates under multiple regulatory entities depending on region. Always confirm the specific entity and licence that applies to you on the regulator's public register.
Does IC Markets support algorithmic trading?
Yes, IC Markets is commonly used for EA and API-based strategies, though you should confirm current execution and hosting options with the broker.