IC Markets Review 2025

Regulations: CySEC, FSA, ASIC

Instruments: Forex, Indices, Commodities, Stocks, Bonds, Cryptocurrency, Futures

To address the varied goals of its client base, IC Markets offers multiple account types, each with distinctive pricing models and features. Whether a trader’s priority is minimal spreads, zero commissions, or meeting specific religious obligations, the broker’s account lineup accommodates different needs. All accounts benefit from IC Markets’ high-speed execution and broad product range, ensuring that the main differences revolve around cost structures and specialized policies.

Additionally, each account type supports multiple base currencies, reducing conversion costs for traders dealing in currencies other than USD. Some accounts also have access to volume-based fee reductions, making them attractive to high-frequency traders. Regardless of account choice, the broker typically requires identity verification to comply with regulatory standards and maintain secure operations.

Standard Account

A straightforward option, the Standard Account features commission-free trades, with IC Markets incorporating its brokerage charges into slightly higher spreads. This approach simplifies cost calculations for new or casual traders who prefer not to track separate commission expenses. Spreads are still competitive, often starting around 1.0 pip on key currency pairs. Many beginners opt for this account model while learning how to manage risk and develop systematic trading approaches.

Raw Spread Account

Favored by active traders and scalpers, the Raw Spread Account aligns with a commission-plus-tight-spread model. Spreads can start as low as 0.0 pips on major pairs, particularly during high-liquidity sessions. Even after factoring in the commission—commonly around USD 3.5 per lot per side—overall transaction costs can be quite competitive for those placing frequent trades. The transparent fee breakdown also makes it easier for algorithmic traders to evaluate the viability of their strategies over numerous positions.

Pro Account

While not always advertised, a Pro or VIP offering may be available for high-volume traders seeking preferential rates and additional privileges, such as dedicated support or lower commissions. Requirements often include higher minimum deposits and a sustained level of trading activity. Clients who meet these criteria might gain access to improved commission structures, rebates, or even complimentary VPS services. Traders interested in these premium benefits should inquire directly with IC Markets about eligibility and conditions.

Islamic Account

Traders subject to Islamic finance principles can request an Islamic, or swap-free, account at IC Markets. Such accounts forego overnight swap charges on Forex and CFD positions, replacing them with an administrative fee if positions remain open beyond specified time frames. This setup ensures that the account complies with Sharia law, which prohibits interest-related earnings. Islamic accounts generally mirror the features of standard or raw-spread equivalents, minus the accrual of swap fees.

IC Markets Leverage

Leverage at IC Markets can extend up to 1:500 for certain Forex pairs, although exact limits depend on the regulatory entity under which an account is governed. Higher leverage magnifies both gains and losses, prompting the need for stringent risk management. Traders should be aware of their margin levels, especially during major economic news releases that can drive sudden price swings. It is also important to note that some jurisdictions have lower leverage caps in place to protect retail traders from excessive risk.

A broad range of deposit and withdrawal methods supports IC Markets’ global clientele, enabling clients to fund and access their accounts via bank wire, credit card, debit card, e-wallets like PayPal or Skrill, and various local payment systems. This diversity helps ensure that traders worldwide can manage accounts quickly and efficiently. IC Markets does not require a large minimum deposit, making it accessible for novices and experienced traders alike.

Processing speeds vary by method: credit or debit card and e-wallet transactions are usually the fastest, while bank wires can take a few business days depending on cross-border banking operations. In nearly all cases, the broker applies strict safety protocols and encryption to safeguard client transactions. As part of its Know Your Customer (KYC) and Anti-Money Laundering (AML) mandates, IC Markets might require identification documents or proof of address before permitting large withdrawals, reinforcing the platform’s overall security.

IC Markets Deposit Options and Fees

Deposits made to IC Markets are often processed promptly, especially if using popular e-wallets or cards. The broker does not typically charge deposit fees, though some financial institutions or payment services may levy costs outside IC Markets’ control. For deposits made in a currency different from the account base currency, a conversion fee may apply, so traders looking to minimize expenses might prefer to deposit in a matching currency.

Before depositing significant sums, traders should confirm they have completed the necessary verification steps. This often entails submitting a valid government-issued ID, proof of address, or both. Such verification not only fulfills regulatory requirements but also protects traders by ensuring that only legitimate account holders can deposit and later withdraw funds.

IC Markets Withdrawals Options and Fees

Withdrawals at IC Markets typically proceed efficiently, with same-day processing available for most requests filed before the broker’s daily cutoff time. The actual time for the funds to reach the trader depends on the withdrawal channel. E-wallets and credit card refunds can be nearly instantaneous or may take up to a day, whereas bank wire transfers might require two to five business days.

• Free or minimal withdrawal fees for many methods
• Same-day processing if requests meet cutoff time
• Credit/Debit cards: Up to 5 business days for the refund to appear
• Bank wires: Usually 2-5 business days, subject to intermediary banks

To comply with anti-fraud and money laundering policies, withdrawals are often routed back through the original deposit method until the initial deposit amount has been recovered. This policy ensures a consistent financial trail and helps verify the legitimacy of transactions. Any balance exceeding the original deposit can be transferred via an alternative method in line with the broker’s AML procedures.

One of the key appeals of IC Markets is its competitive fee model, which emphasizes tight spreads and low commissions. Whether you are an intraday scalper or a longer-term positional trader, cost efficiency can substantially influence overall profitability. IC Markets addresses this necessity by providing different account types that cater to various fee preferences.

Beyond spreads and commissions, the broker maintains openness about incidental charges like inactivity fees, deposit or withdrawal processing costs, and currency conversion expenses. By minimizing hidden or extraneous fees, IC Markets underscores its commitment to transparency. The resulting structure is particularly beneficial for active traders who make frequent entries and exits, as well as for those who hold positions over extended periods.

IC Markets Trading Fees

IC Markets breaks down trading fees into two main categories: spreads and commissions. The specific cost model depends on the account type selected. The Raw Spread account, for instance, offers spreads that can begin at 0.0 pips for heavily traded currency pairs, in exchange for a modest commission—often around USD 3.5 per lot per side. Meanwhile, the Standard account features zero explicit commission but includes slightly wider spreads, typically starting around 1.0 pip for EUR/USD.

• Raw Spread Account Commission: Approx. USD 3.5 per lot, per side.
• Standard Account Commission: Zero commission, higher spreads.
• Volume Incentives: Possible discounts for high-volume traders.

Traders often choose the Raw Spread model when they prioritize minimal spreads for short-term strategies like scalping or high-frequency trading. On the other hand, newer traders may find the Standard account more convenient due to a simpler fee calculation process. Either way, the broker’s flexible approach ensures that the cost structure can be aligned with individual trading methods and risk appetites.

IC Markets Spreads

The tight spreads provided by IC Markets, particularly under the Raw Spread account, have been a prominent draw for many Forex traders. Major currency pairs like EUR/USD or GBP/USD routinely see spreads that hover around the 0.0 to 0.2 pip range during liquid market hours. Even lesser-traded pairs and other CFDs remain competitively priced thanks to the broker’s aggregated liquidity pool sourced from top-tier financial institutions.

By maintaining these narrow spreads consistently, IC Markets positions itself favorably among cost-conscious traders, especially those who depend on precision entry and exit points. However, like with any broker, spreads can widen during extreme market volatility or low-liquidity periods. Traders should therefore stay mindful of market conditions and employ prudent risk management strategies, including setting limit orders and avoiding overleveraging in high-stress scenarios.

IC Markets Non-Trading Fees

Non-trading fees at IC Markets are kept relatively minimal. The broker typically does not impose account maintenance charges, and deposit fees are often zero for common payment methods such as credit cards, e-wallets, and bank transfers. Some withdrawal methods may incur nominal fees, particularly in certain geographic regions or if third-party banks levy service charges.

• No account maintenance or platform usage fees
• No deposit fees for popular payment providers
• Occasional withdrawal fees, often minimal
• Potential currency conversion costs if base currency differs

Inactivity fees are not customary at IC Markets, making it more convenient for traders who open accounts sporadically or hold positions for lengthy periods. Still, it is always advisable to verify the latest policy on non-trading fees, given that broker conditions can shift over time or due to regulatory adjustments.

Unlike some brokers that regularly issue high-profile promotional campaigns, IC Markets tends to emphasize quality trading conditions over lavish bonuses. Nonetheless, it occasionally features initiatives like referral programs or deposit-based trading credits. Such promotions frequently come with specific conditions, such as minimum trading volumes or holding periods, to ensure fair usage and regulatory compliance.

As rules regarding bonuses can vary considerably by region—some regulators limit or prohibit monetary incentives—the exact offers differ depending on your location and the IC Markets entity hosting your account. Checking the broker’s official website or reaching out to a support representative is recommended for the most accurate and up-to-date promotions.

Referral Bonus

IC Markets may run referral schemes rewarding both existing clients and newly introduced traders. The structure can involve bonus cash deposits or trading credits once the newcomer meets certain deposit or trading requirements. This incentive encourages word-of-mouth endorsements but includes careful oversight to prevent any fraudulent referrals.

Trading Credit Bonus

Occasionally, IC Markets may offer a trading credit on deposits. While this can expand a trader’s available margin, withdrawals of the bonus itself usually hinge on satisfying volume-based conditions. It is crucial to understand these terms fully to ensure a smooth experience, especially if you plan to incorporate the bonus into your overall capital management strategy.

To round out its comprehensive service suite, IC Markets invests in trader education. Resources include step-by-step tutorials on platform usage, introductory guides for Forex novices, and more sophisticated discussions on topics like chart pattern recognition or event-driven trading. By offering educational content, the broker aims to reduce the learning curve and foster informed participation in volatile markets.

Moreover, IC Markets also provides a demo account option for traders who wish to practice strategies in a risk-free environment. Webinars and live seminars can further give traders a practical glimpse into real-time strategy execution. Whether dissecting a recent economic event or exploring a new trading algorithm, these sessions offer a dynamic learning platform. Additionally, market analysis articles, blog posts, and economic calendars keep clients informed about upcoming events and potential market-moving scenarios. As a result, traders are better equipped to structure well-informed trading decisions and refine their methods over time.

Before opening an account with IC Markets, prospective users should verify whether their country of residence is accepted, as IC Markets provides services across Asia, Europe, Oceania, and parts of Africa. However, due to local regulatory restrictions, residents of the United States, Canada, Iran, and a handful of other nations cannot open accounts. The broker often advises prospective clients to confirm their eligibility by reviewing local regulations or contacting support, as these rules can change over time.

Given its multiple regulatory licenses, IC Markets typically ensures that traders are onboarded under the most appropriate entity. Prospective users should familiarize themselves with the specific terms, leverage caps, and other details tied to their respective region. This approach helps maintain consistency with international guidelines while providing broader access to global markets.