IC Markets Review in 2025 Spreads & Fees Compared

It is best to find out which of the two MetaTrader versions you are most comfortable with. Sign up for the demo account and test each one to see how you feel about them. After that, you will have no trouble choosing the one that works best for your strategies and style. The server for this account type is located in New York and provides users with the speed they need, in terms of execution. It is also important to know the server’s location, so you know which one to connect to when on MetaTrader. In addition to the fast execution speed, traders who want to learn more about the market can integrate with ZuluTrade and MyFXbook.

I gladly recommend it to anyone looking for a top forex broker with super-tight spreads. This is an IC Markets review by a trader who has traded with IC Markets on a live account. As we mentioned earlier, some of the accounts are commission-free, and others are commission-based. To get the full idea of how much you will pay, you need to look at which account you have and the financial requirements.

• From the most fundamental foreign exchange (FX) ideas to more complex trading tactics, IC Markets has you covered with its vast video training library.
• The key issue is that in extreme market events (i.e. the floating of the Swiss Franc) this software may not have the ability to exit the market fast.
• IC Markets offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive.
• Interactive and responsive 15+ chart types with 110+ drawing tools and a wide range of customisations.
• After you get account approval, you will have access to the Secure Client Area, where you can fund your account and be allowed to start trading.
• MT5 also extends its capabilities to additional timeframes and asset classes.

Security and Money Guarantees

This tool essentially supports traders without the technical know-how in making trading decisions. Trading Central is one of the most popular trading tools available and provides excellent market analysis, and IC Markets does well to offer this service to its clients. IC Markets is particularly well-known for its forex offering, with over 60 currency pairs available for trading. The broker offers both major and minor currency pairs, as well as exotics, allowing traders to access a variety of markets.

IC offers 24/7 customer support via live chat, email, phone, and social media. IC Markets offers a user-friendly funding experience with a reasonable minimum deposit of USD $200 and a variety of fee-free deposit methods. IC Markets excels with highly competitive spreads, offering low-cost trading through both a commission-free Standard Account and commission-based Raw Account. IC Markets’ Standard Account offers some of the best no commission spreads in the industry, with the EUR/USD averaging at just 0.82 pips. This represents a nearly 50% lower spread compared to Pepperstone’s 1.1 pips for the same pair.

Use the calculator below to compare IC Markets’ trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. To compare IC Markets’ trading costs with competitors like Pepperstone and Eightcap, you can use our Fee Comparison tool, adjusting for base currency, trade size, and currency pair. Our broker reviews are reader supported and we may receive payment when you click on a partner site.

IC Markets’s Research and Trading Tools

This extra package will certainly be praised by traders who seek institutional quality tools on top of the ones provided in the underlying platform. IC Markets offers a robust trading environment with a wide range of tradable instruments and competitive trading conditions. Their support for both beginners and professionals, along with a user-friendly platform, makes it a noteworthy choice. However, some areas, such as educational content, could be further improved to match industry leaders. Before selecting IC Markets or any broker, conduct thorough research based on your specific trading requirements and preferences to ensure it aligns with your goals and strategies. IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders.

Account Minimum

CTrader is one of our favourite trading platforms, and IC Markets is one of a handful of brokers that supports it. It is one of the most beginner-friendly third-party trading platforms available, with a modern interface, integrated educational content, and innovative risk-management features. The cTrader mobile app offers the best features available on the desktop version including the complete range of order types, trade analysis, and watchlists. When it comes to Forex trading in Australia, few brokerages are as prominent as IC Markets. The broker offers 65 currency pairs with competitive pricing when trading on the forex market. If you prefer to trade other CFDs, the broker allows you to trade other leveraged instruments such as indices, shares CFD, futures, cryptocurrency and commodities.

It also provides daily technical analysis articles and fundamental analysis articles that provide an in-depth look at the most popular tradable instruments. Zulutrade, a third-party platform, is a peer-to-peer https://traderoom.info/ic-markets-forex-broker/ social trading application where traders can choose among thousands of registered traders from 192 countries. Traders are ranked using “ZuluRank” according to a number of different metrics, including their overall performance, stability, maturity, exposure, and minimum equity required. IC Markets offers an account management service to its clients which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM. The MAM software communicates all allocation settings directly with the IC Markets MetaTrader 4 server.

With it, you will be able to access the markets in real-time and virtual currency to train yourself and hone your strategies. The details we gathered for this IC Markets review indicates that you will not have to pay inactivity fees, deposit fees, or withdrawal fees. Because of changing regulations across many jurisdictions, IC Markets bonus offers are not allowed. Some brokers encourage traders to sign up by offering to match the deposit bonus or a welcome bonus. IC Markets review details show that the firm promotes itself as the most suitable broker for traders who move high volumes, use algorithms or scalp. Their fast execution speeds are courtesy of their New York Equinix Data Center.

While IC Markets does not have its own proprietary platform, which is usually easier for beginners to learn, the choice of any of the three major platforms will keep most traders satisfied. The IC Markets MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. The five-step account opening process is fully digital and accounts are generally ready for trading in one day. IC Markets offers individual, joint, and corporate accounts, but we will focus on opening an individual account.

The broker features a total of 3 account types, two of which are advertised as True ECN ones, while the remaining one is a Standard Account. IC Markets offers a wide variety of order types, including limit and market orders. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Though IC Markets’ focus is mostly on Forex trading, the broker has expanded its CFD product list over the years and, currently, you will find over 1,750 financial instruments available for trade.

IC Markets has recently expanded its services to include a dedicated share trading facility, exclusively designed for Australian residents. This facility grants access to over 2,200 Australian listed companies, covering a wide spectrum from small and mid-cap to blue-chip stocks. IC Markets offer a number of CFDs to trade  with No Dealing Desk Brokers execution such as forex, indices, commodities, stocks, bonds, futures, and cryptocurrency. IC Markets requires you to make an initial minimum deposit of USD $200 (or equivalent) when opening a trading account. Of the brokers 32,475 reviews, 91% of customers gave IC Markets 5 stars, showing an incredibly high level of client satisfaction.

$100 Minimum Deposit

We suggest you read IC Markets’ risk disclosure, customer agreement, and terms of business before you start trading. Raw Trading Ltd does not endorse any of the material contained in Chats or Chat groups. Such material should not be regarded by you as investment advice, a personal recommendation, an incentive, or an inducement to trade. You should undertake your own independent research and investment decision as to whether a trading strategy, style, portfolio is appropriate for you. Information posted on the IC Social portal can only act as input to the process. IC Markets Global is the trading name of Raw Trading Ltd, which is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s license number SD018.