IC Markets Review 2027

An international forex broker headquartered in Australia, IC Markets was founded in 2007. Its group entities fall under several supervisors, and the Australian entity is regulated by the Australian Securities and Investments Commission (ASIC). This review looks at the broker's regulation, account types, trading costs, platforms and customer service, so you can judge whether ic markets suits your trading style.

One of the best-known providers of Forex CFDs, IC Markets offers trading solutions for active street traders, hawkers and merchants who are new to the forex industry. It also lists metals, commodities, indices, shares and cryptocurrencies, so the account can cover more than currency pairs. The sections below explain what that means in practice.

IC Markets Overview: Company Background and Key Facts

IC Markets was set up by a group of financial services professionals who had helped build one of the largest direct CFD providers. The firm aimed to close the gap between retail and institutional clients by offering an execution model that investment banks and high-net-worth individuals had used before. Its Raw Spread Connectivity was designed to give deep liquidity, tighter spreads and strong execution.

The asterisk next to leverage means the maximum figure may depend on account type, client status or product. Always confirm the current leverage on the official website before you open a position.

IC Markets Regulation and Client Fund Safety

IC Markets says it follows all relevant laws, rules and regulations, and it commits to strict internal controls. As a regulated firm, it must meet capital and reporting requirements. ASIC is a well-established regulator, and oversight of this kind is one of the main reasons many traders consider the broker.

Client cash is held in separate trust accounts with Westpac and National Australia Bank. Client money is kept apart from the company's own reserves and is not used for operating costs. Segregation like this protects your funds if the firm runs into trouble, though it does not protect you from trading losses.

Before you open an account, check the broker's licence in the official ASIC Professional Register.

IC Markets Account Types and Trading Conditions

IC Markets runs an ECN/STD model, and its account range includes standard and mini options. Our data lists a figure of 200 for both the standard and mini accounts, and an ECN-style account with a figure of 500. These numbers may refer to different conditions, so confirm the current minimum deposit, currency and commission for each account on the official site.

Account base currencies include USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD and AED, among others. Choosing a base currency that matches your deposit can reduce conversion costs.

Spreads, Leverage and Fees

Major currency pairs show spreads of 1 to 3 pips, and the spread type is fixed according to our database. Fixed spreads make costs easier to predict, although they are not always the lowest available during quiet or volatile markets. Compare the spread on your preferred pair across several brokers before you commit.

Leverage can reach 1:500, which lets a small deposit control a large position. High leverage increases both potential gains and potential losses. Many traders use much less leverage than the maximum allowed.

Trading Platforms and Tools

IC Markets gives access to MetaTrader 4 and MetaTrader 5 across a wide range of devices. The list includes MT5 and MT4 for PC, MT4 Web Trader, MT4 for Multi Terminal, and mobile versions for Android and iPhone, plus iPad versions. This choice suits both beginners using the web terminal and experienced traders running automated systems.

Expert advisors are supported, and the broker also offers copy trading. Both features can save time, but copied or automated strategies still carry market risk, and past results do not guarantee future returns. Pair your platform work with market analysis, for example by reading our guide to forex markets technical analysis.

Deposits and Withdrawals

The most common funding routes are credit cards, WebMoney and wire transfer. Fees, processing times and minimum withdrawal amounts vary by method and by country, so check the cashier page before you deposit. Keep in mind that your bank or card provider may add its own charges.

Customer Support

Telephone support was one of the strongest points in our testing. Our call reached a support representative within seconds, and the answers were clear and useful. Email support also worked well: we sent four emails and received a solution to each one within a day.

Live chat has room to improve. Support is available in several languages, including English, Chinese, Arabic, Thai, Vietnamese and Indonesian, which helps non-English speakers. Test response times yourself before you rely on a single channel.