IC Markets Review - Pros, Cons & Rating

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

(872

)

Ranked 1 out of 1780 (Forex Brokers)

This rating is based on 788 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 1780 (Forex Brokers)

Overall rating is derived from an aggregate of ratings in multiple categories.

	Rating	Weight
User Rating	4.8 (872 reviews)	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	Deposit Compensation Scheme	Max. Leverage Retail Clients
International Capital Markets Pty Ltd	Australia - AU ASIC		30 : 1
IC Markets (EU) Ltd	Cyprus - CY CYSEC	up to €20,000	30 : 1
Raw Trading Ltd	Seychelles - SC FSA		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

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.