• 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 January 2025
Advertising disclosure ⇾

Live Spreads: Highly competitive

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We analyze the combined spread and commission cost averaged over time. Compared to other market leaders IC Markets is highly competitive on core offerings like forex and gold. The table above displays combined spread and commission costs sampled from live accounts using our spread analyzer tool. To compare IC markets to other brokers or symbols than the ones shown, click the orange edit button and select new brokers or symbols.

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 User reviews

4.8
(719 )
Ranked 1 out of 949 (Forex Brokers)
This rating is based on 668 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.

IC Markets is loved by many traders and it shows in their user reviews, with a current rank of #1 in the world in our system according to verified users that proved they have a live trading account.

IC Markets Overall rating

5.0
Ranked 1 out of 949 (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

IC Markets, founded in 2007, has a long history of excellent user reviews coming from verified customers and currently ranks #1 among all brokers for user ranking. The brand is considered highly trusted by users. It's highly regulated in multiple jurisdictions including the EU (Cyprus), Australia, and Seychelles. One of the most popular brokers globally, it receives over 3 million organic monthly visits according to recent data from SimilarWeb. It is privately owned and not licensed as a bank.

Regulation: Tier-1 Regulated

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 500 : 1

IC Markets is highly regulated, with licenses in the EU (Cyprus), Australia, and Seychelles. IC Markets offers deposit insurance under the Cyprus regulation, providing compensation up to €20,000 in case the broker fails. There is no investor compensation scheme under Australia ASIC and Seychelles FSA regulations.

Available Assets: Search all tradable instruments 

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IC Markets offers over 2500 tradable assets including forex, CFD's on indices, commodities, crypto, bonds, and over 2000 global stock CFD's. The live symbol search above is taken from live accounts synced to our system.

CFDs (Contracts for Difference) allow traders to speculate on the price movement of various assets without owning the underlying asset. This can provide leverage and flexibility but can also increase risk.

Live Swap Rates: Highly competitive with other market leaders

Swap Rate: Long Position
Swap Rate: Short Position
Swap Rate Calculation Method
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Compared to other industry leaders, IC Markets offers highly competitive swap rates. Data from the table above is taken from live accounts using our swap rate analyzer tool. To compare the swap rates of different brokers or symbols than the ones shown, click the orange edit button. 

Swap rates, also known as financing fees, are charged by brokers for holding positions overnight. These fees can either be positive or negative. Positive swap rates pay out to the trader, while negative swap rates incur a cost. 

Deposits/Withdrawals: Methods and Fees

IC Markets does not charge fees on deposits and withdrawals, however the payment provider may charge fees. *Intermediary fees on payments to and from some banking institutions may be incurred.
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

Trading Platforms: MT4, MT5, cTrader, TradingView

Platform Type Automated Trading
MetaTrader 4 Desktop, Mobile, Web Yes, supports MQL4 programming language
MetaTrader 5 Desktop, Mobile, Web Yes, supports MQL5 programming language
cTrader Desktop, Mobile, Web Yes, supports C# programming language
TradingView Desktop, Mobile, Web Yes, supports Pine Script programming language

IC Markets offers reliable, fast and intuitive trading platforms that work on desktop, web, and smartphones. These include Metatrader 4 and 5, which are loved for their easy-to-learn programming of automated trading robots, and cTrader and TradingView.

Leverage: Up to 500:1 under Seychelles Entity

IC Markets offers varying leverage levels depending on the regulatory entity under which the account is opened. Under the Australian and Cyprus regulation, the maximum leverage is 30:1 for retail clients. Under the SC FSA regulation, IC Markets offers leverage up to 500:1, providing more flexibility for traders seeking higher leverage. Higher leverage can amplify both gains and losses.

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, 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

IC Markets Promotions

IC Markets User reviews

4.8
(719 )
Ranked 1 out of 949 (Forex Brokers)
This rating is based on 668 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:
84.92%
10.10%
2.70%
0.57%
1.71%
0%
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

21.50% of commissions paid are based on account currency: 1.505 USD, 1.505 AUD, 1.161 EUR, 1.075 GBP, 1.35 CHF, 1.849 SGD, 11.66 HKD 

Rebates are not paid for:
  • accounts registered with CySEC, Bahamas SCB and ASIC entities
  • Australian residents

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:

 
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IC Markets Symbols

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