IC Markets Review 2023

IC Markets is an Excellent Forex Broker owned and operated by Capital Markets Pty Ltd, an international company based in Australia. IC Markets is one of the most trusted brand in the world of CFDs Trading. Trade with spreads from 0.0 pips, no requotes, best prices and no restrictions.

IC Markets Review

IC Markets is the online Forex CFD provider of choice for high volume traders, scalpers and robots. We counted about 63 Forex pairs and 43 CFDs. IC Markets provides free Demo accounts, which are always appreciated by inexperienced traders. The broker has the following features:

  • IC Markets boast of ultra fast order execution, superior automated trading, institutional grade trading and wide variety of trading instruments. 
  • IC Markets is the preferred choice for automated traders. Their order matching engine is located in the New York Equinix NY4 data centre and processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems. 
  • Ultra fast order execution ensures that trades are executed with average speed of under 40ms.
  • Fast order entry and execution speeds, direct order entry via charts and Level II pricing are just some of the reasons why many traders today choose cTrader as their go-to platform.
  • Over 15 Billion USD in FX trades processed daily in IC Markets alone.
  • What is more, instant account opening is available on Visa, Mastercard, Paypal, Skrill and Neteller with 0% commissions.

IC Markets is Known For:

Low cost trading, ultra fast execution making it the best option for automated trading.

IC Markets Broker
Overall:
4.6/5

IC Markets Summary

Pros

  • Wide selection of trading platforms and auto-trading facilities
  • Very competitive ECN spreads
  • Top-tier regulations by ASIC and CySEC
  • Multi-asset trading platform cTrader is offering pure ECN execution and an array of advanced tools.
  • High leverages
  • IC Markets provides a mobile version of all the platforms. 
  • The EA lab is available on MT5 platform for development of Forex robots.
  • Rich educational contents

Cons

  • Does not offer sign-up or trading bonuses
  • No in house platform
  • Limited research facilities

Forex Broker Expert is recognised for being a source of ground-breaking, high-quality, factual content that doesn’t leave any stone unturned. Tens of thousands of traders have used our reviews as a springboard to greater levels of trading success. Industry Best Practices.

IC Markets Performance

IC Markets offers two Metatrader accounts (Raw Spread and Standard) and one cTrader account (Raw spread). Minimum deposit to start trading is $200 across all account types. IC Markets offers both in house and third party trading contents for education and research. In house research contents include technical analysis and fundamental analysis available on their market analysis section. Third party tools from MQL5 and Myfxbook include economic news and signals. IC Markets has a good range of educational content for beginner as well as advanced traders. Contents are delivered through their websites, email and YouTube channel.

4.1/5

Safety of Funds

IC Markets is considered safe because it is licensed by top tier authority like the by the Australian Securities and Investment Commission (ASIC).

4.5/5

Trading Platforms & Tools

IC Markets offers MT4, MT5 and cTrader platforms. Mobile trading are available in iOS and Android for Metatrader and cTrader platforms. MyfxTrades and Zulutrade for automated trading. Free low latency collocated VPS is available. MAM/PAMM options on MT4.

3.4/5

Minimum Deposit

IC Markets allow a minimum initial deposit of $200

5/5

Leverages

IC Markets offer generous leverage. Maximum leverages allowed at IC Markets is 1:500

5/5

Spreads and Commissions

IC Markets offers variable spreads and commissions. EUR/USD typical spread is listed as 0.1 pips on MT4 Standard account,  0.1 on MT4 ECN and cTrader ECN account. The MT4 Standard account comes with no commissions. Commissions of $3.5 per standard lot per side on MT4 ECN and $3.00 per standard lot per side on cTrder ECN.

4.5/5

Deposit and Withdrawal Method

IC Markets allows the following payment methods: Credit/debit card, bank wire, BPAY, Neteller, Skrill, Webmoney, China UnionPay, FasaPay, PayPal and Qiwi. Account opening is possible in the following base currencies: AUD, USD, SGD, CHF, GBP, CAD, HKD, JPY, EUR, and NZD.

Conclusion

IC Markets is an Excelent Forex and CFD broker rich in trading tools and resources that will benefit both beginner and experienced traders. Their Raw ECN spreads is the difference you’ve been waiting for.

IC Markets does not accept applications from residents of the U.S, Canada, Israel and Islamic Republic of Iran. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. 

IC Markets does not issue or sell cryptocurrencies nor is it a digital currency exchange service provider. IC Markets is the issuer of over-the-counter derivatives such as CFDs over various underlying instruments or other assets including cryptocurrencies.

Overral Ratings:
4.6/5

2023 Review Methodology

Here at the Forex Broker Expert, we have reviews of more than 200 Forex brokers and trading software. The number one item we check when reviewing a broker to see if they are a scam is a safety score. We use a Safety score algorithms to asses risk level. They major criteria we use in grouping a Forex broker in to risk levels include total years in business, which regulatory licenses each firm holds, is the broker publicly traded in any stock exchange as well as our manual in house check.

Different Forex brokers offer different account types which goes by different names like standard, classic, premium, VIP or gold. The most popular minimum deposit for a Forex basic account is $250. Leverages can go as high as 1:200. As for the pips charged on these accounts, EURUSD is usually the pair with the lowest spread and the ideal thing is that each type of account is unique and will either have fixed or floating pips depending on which account portfolio you have chosen. Learn more about the industry best prectices here.

About Our Team

Firstly, congratulations on doing your research and due diligence! we’re dedicated to helping you get started trading online and have your own forex account. Most importantly, we want to help you make a success of it. Since starting up in 2010, we’ve connected hundreds of thousands of readers to the right forex trading platform for their needs.
We do this through conducting our own research. We’re constantly testing (and re-testing) the most popular forex brokers on the market to give you completely impartial advice about every single broker we feature on our site. We even get people just like you to give them a go and give us their feedback.
Our aim is to provide you with the very best information so you can make an informed decision about which forex broker is best for you – and feel happy with your choice!

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