• Tier 1 Regulated
  • Tested on Live Account
  • No crypto deposits/withdrawals
Edited by David Johnson
Fact checked by Angelo Martins
Human moderated by Angelo Martins
Last updated March 2025
Advertising disclosure ⇾

Curious about what real traders are saying about IC Markets in 2025? Check out real users' feedback, details on IC Markets pricing (spreads, commissions and swaps), and regulations.

Live Spreads: Industry-Leading Pricing

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A key factor in your trading costs is the spread. The spread is the difference between the bid (sell) and ask (buy) price of an asset. Commission is also charged on top of the spread on some account types and constitutes an additional transaction cost. IC Markets is known for having tight spreads, particularly on popular instruments like major forex pairs and gold. We confirm this by analysing real trading costs from live accounts, combining spreads and any commissions. Our data shows IC Markets is highly competitive in this area.

Want to compare more? Click the orange "Edit" button to see IC Markets against other brokers or different assets. Remember, that spread (and any commission) directly impacts your potential profit.

IC Markets User reviews

4.8
(782 )
Ranked 1 out of 1563 (Forex Brokers)
This rating is based on 720 reviews by users that proved they are real customers of this company. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

The word on the street – or rather, on FxVerify – about IC Markets is pretty fantastic. Real traders are giving IC Markets high marks. In fact, the broker is currently ranked #1 globally in our system, based on feedback from verified account holders. Traders consistently praise the broker about the tight spreads, how quickly their trades go through, and how solid the trading platforms are.

IC Markets Overall rating

5.0
Ranked 1 out of 1563 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
5.0
3
Regulation
5.0
2
Pricing rating
5.0
1
Features
5.0
1
Customer Support
5.0
1

The vibe from IC Markets users on FxVerify is overwhelmingly positive – that #1 ranking speaks volumes. They've been around since 2007, so they've got a good track record, and traders seem to trust them a lot. They're also heavily regulated in several places, including the EU (that's Cyprus), Australia, and the Seychelles. They're a popular choice, too – we're talking over 3 million visits to their site each month (according to SimilarWeb). IC Markets is privately held, and they're not a bank.

Regulations: Strong Client Money Protection Measures

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
International Capital Markets Pty Ltd 30 : 1
IC Markets (EU) Ltd up to €20,000 30 : 1
Raw Trading Ltd 1000 : 1

IC Markets isn't just regulated in one place – they've got licenses in the EU (Cyprus), Australia, and the Seychelles. Having oversight from multiple regulators shows they're serious about following the rules. If you're trading under their Cyprus (EU) license, your funds are protected up to €20,000 by a compensation scheme, just in case something goes wrong. It's important to know that this specific protection doesn't apply to accounts under the Australian (ASIC) or Seychelles (FSA) regulations.

Tradable Assets: Over 2500 Instruments Available

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IC Markets has a huge selection of things you can trade – over 2500 instruments! We're talking forex, of course, plus CFDs on things like stock market indexes, commodities, cryptocurrencies, bonds, and even individual stocks (over 2,000). The live search tool above gets its data straight from real accounts linked to our system, so you know it's up-to-date.

Just a reminder: CFDs (Contracts for Difference) let you bet on whether a price will go up or down, without actually owning the underlying thing. This can be handy, and it lets you use leverage, but it also means the risks can be higher.

Live Swap Rates: Competitive Overnight Holding Costs

Swap Rate: Long Position
Swap Rate: Short Position
Swap Rate Calculation Method
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Swap rates are the fees (or sometimes credits) you'll encounter for keeping a position open overnight. The positive swap rates pay out to the trader, while negative swap rates incur a cost. Basically, swap rates above zero (positive) will be credited to your account, while swap rates below zero (negative) will be deducted from your account.

IC Markets tends to offer favourable swap rates, and we verify this with data from real, live accounts. If you'd like to compare the swap rates on IC Markets to other brokers or perhaps look at different assets that aren't shown, all you need to do is press that orange "Edit" button.

Trading Platforms: Suitable for any Trading Style

Platform Pros Cons
MetaTrader 4 (MT4)
  • Super popular and widely used
  • A huge online community and tons of resources
  • Beginner-friendly
  • Reliable and stable
  • It's a bit older technology (compared to MT5)
  • Not as many built-in indicators or timeframes as MT5
  • Uses MQL4, which isn't as powerful as MQL5
MetaTrader 5 (MT5)
  • More advanced than MT4
  • Faster for testing trading strategies
  • Access to more markets (potentially)
  • MQL5 is a stronger programming language
  • Might take a bit longer to learn than MT4
  • Some older EAs might not work with it
cTrader
  • Excellent for fast order execution
  • Great transparency with the Depth of Market feature
  • Robust charting capabilities
  • A good fit for experienced traders
  • Not as widely used as the MetaTrader platforms
  • Might feel a bit complex if you're new to trading
TradingView
  • Fantastic for technical analysis
  • A large and active online community
  • Cloud-based, so you can access it from anywhere
  • You need a good internet connection
Mobile App (MT4/MT5/cTrader)
  • Super convenient and flexible
  • Access your account from anywhere
  • Stay updated with notifications
  • Not as many features as the desktop versions
  • The smaller screen can limit your charting
  • Might not be as reliable as trading on your computer

Picking the right platform is a big deal. IC Markets gives you options: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView, and they all have mobile apps too. The table above gives you a breakdown of the pros and the cons of each platform.

Deposit/Withdrawals: No Fees and Multiple Currencies Available

Method Processing Time Fees Available Currencies
Bank Wire 2-5 business days $0* AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF
Credit/Debit Cards Instant $0 AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD
Neteller Instant $0 USD, AUD, GBP, EUR, CAD, SGD, JPY
Neteller VIP Instant $0 AUD, GBP, EUR, CAD, SGD, JPY
Paypal Instant $0 AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF
Skrill Instant $0 AUD, USD, JPY, EUR, SGD, GBP
UnionPay Instant $0 RMB
BPay 12-48 hours $0 AUD
Broker to Broker 2-5 business days $0 AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF, HKD
POLI Instant $0 AUD
Thai Internet Banking 15-30 minutes $0 USD
Rapidpay Up to 2 business days $0 EUR, GBP
Klarna Up to 2 business days $0 EUR, GBP
Vietnamese Internet Banking Instant $0 USD

IC Markets gives you plenty of ways to fund your account and withdraw your winnings: bank wires, credit/debit cards, and a bunch of different e-wallets. This table shows you how long things usually take, the available account currencies and if there are any fees. Just keep in mind that even if IC Markets doesn't charge you, your bank or payment provider might.

IC Markets Profile

Company Name International Capital Markets Pty Ltd
Categories Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates
Primary Category Forex Brokers
Year Founded 2007
Headquarters Australia
Office Locations Australia, China
Account Currency AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD
Client funds bank National Australian Bank (NAB), Westpac Banking Corporation
Support Languages Arabic, Bulgarian, Chinese, English, French, German, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Czech, Croatian
Funding Methods Bank Wire, BPAY, Broker to Broker, China Union Pay, Credit Card, FasaPay, Neteller, PayPal, POLi, Skrill, Klarna, RapidPay
Financial Instruments Futures, Forex, Shares, Indices, Bonds, Oil/Energies, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...)
Prohibited Countries Afghanistan, Angola, American Samoa, Australia, Belarus, Central African Republic, Congo, Ivory Coast, Cook Islands, Cuba, Gambia, Guinea, Guam, Guinea Bissau, Israel, Iraq, Iran, Kyrgyzstan, Cambodia, North Korea, Lebanon, Libya, Mali, Myanmar, Northern Mariana Islands, Martinique, New Caledonia, Niue, New Zealand, Saint Pierre and Miquelon, Puerto Rico, Reunion, Russia, Sudan, Sierra Leone, Senegal, Somalia, Syria, Tokelau, United States, Virgin Islands, U.s., Wallis and Futuna, Yemen, Mayotte, Zimbabwe, Saint Pierre and Miquelon, Republic Of The Congo, Saint Barthelemy, Sint Maarten, South Sudan
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

The IC Markets profile on FxVerify gives you the full rundown on the company. You'll find details about when they started, where they're based, how to deposit and withdraw, how to contact their support team, what currencies you can use for your account, and a list of countries they accept clients from – so you can see if you're eligible.

IC Markets Promotions


Head over to the IC Markets website to see if they're running any special promotions right now. Currently they're offering free VPS for eligible traders. Check their website for details.

IC Markets User reviews

4.8
(782 )
Ranked 1 out of 1563 (Forex Brokers)
This rating is based on 720 reviews by users that proved they are real customers of this company. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

Filter reviews:
84.31%
10.98%
2.61%
0.52%
1.57%
0.00%
Account Types:
Sort:
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.

IC Markets Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard Raw Spread cTrader
Forex
Monthly Cash Back
0.272 Pips - FX Majors
0.409 Pips - FX Others

--OR--

 Spread Reduction 
0.20 Pips - FX Majors
0.30 Pips - FX Others
+
Monthly Cash Back
0.072 Pips - FX Majors
0.109 Pips - FX Others
Monthly Cash Back
37.50% Of Commissions Paid

--OR--

Direct Commission Reduction
21.50% Of Commissions Paid
+
Monthly Cash Back
16.00% Of Commissions Paid
Monthly Cash Back
$1.0227 Per 100K USD Traded

--OR--

Direct Commission Reduction
$0.60 Per 100K USD Traded
+
Monthly Cash Back
$0.4227 Per 100K USD Traded
Metals
Monthly Cash Back
0.340 Pips

--OR--

Spread Reduction
0.30 Pips
+
Monthly Cash Back
0.040 Pips
Monthly Cash Back
37.50% Of Commissions Paid

--OR--

Direct Commission Reduction
21.50% Of Commissions Paid
+
Monthly Cash Back
16.00% Of Commissions Paid
Monthly Cash Back
$1.0227 Per 100K USD Traded

--OR--

Direct Commission Reduction
$0.60 Per 100K USD Traded
+
Monthly Cash Back
$0.4227 Per 100K USD Traded
 
IndicesUp to $1.704 Per Lot$1.00 Per 100K USD Traded
CryptocurrenciesUp to $0.64 Per Lot$1.00 Per 100K USD Traded
Payment Options
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.
Commission reduction
By opening your account through us you'll trade on lower commissions!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.
  Standard
Forex
Monthly Cash Back
0.272 Pips - FX Majors
0.409 Pips - FX Others

--OR--

 Spread Reduction 
0.20 Pips - FX Majors
0.30 Pips - FX Others
+
Monthly Cash Back
0.072 Pips - FX Majors
0.109 Pips - FX Others
Metals
Monthly Cash Back
0.340 Pips

--OR--

Spread Reduction
0.30 Pips
+
Monthly Cash Back
0.040 Pips
Indices Up to $1.704 Per Lot
Cryptocurrencies Up to $0.64 Per Lot
Payment Options
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.
  Raw Spread
Forex
Monthly Cash Back
37.50% Of Commissions Paid

--OR--

Direct Commission Reduction
21.50% Of Commissions Paid
+
Monthly Cash Back
16.00% Of Commissions Paid
Metals
Monthly Cash Back
37.50% Of Commissions Paid

--OR--

Direct Commission Reduction
21.50% Of Commissions Paid
+
Monthly Cash Back
16.00% Of Commissions Paid
Indices Up to $1.704 Per Lot
Cryptocurrencies Up to $0.64 Per Lot
Payment Options
Commission reduction
By opening your account through us you'll trade on lower commissions!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.
  cTrader
Forex
Monthly Cash Back
$1.0227 Per 100K USD Traded

--OR--

Direct Commission Reduction
$0.60 Per 100K USD Traded
+
Monthly Cash Back
$0.4227 Per 100K USD Traded
Metals
Monthly Cash Back
$1.0227 Per 100K USD Traded

--OR--

Direct Commission Reduction
$0.60 Per 100K USD Traded
+
Monthly Cash Back
$0.4227 Per 100K USD Traded
 
Indices $1.00 Per 100K USD Traded
Cryptocurrencies $1.00 Per 100K USD Traded
Payment Options
Commission reduction
By opening your account through us you'll trade on lower commissions!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.

Notes

37.50% of commissions paid are based on account currency: 2.625 USD, 3.375 AUD, 2.437 EUR, 2.062 GBP, 2.475 CHF, 3.562 SGD, 20.34 HKD 

Rebates are not paid for:
  • accounts registered with CySEC, Bahamas SCB and ASIC entities
  • Australian residents
Residents of Australia, Brazil, the EEA, and the UK, please open your account with IC Trading.

What are IC Markets rebates?

IC Markets rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do IC Markets rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much IC Markets rebates can I earn?

Use our forex rebate calculator to estimate your IC Markets rebate earnings:

 
You must enter a valid number

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