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IC Markets Review

  • Regulated by: ASiC
  • Safety: segregates client funds
  • Trust Rating: B
Open IC Markets's Website

Losses can exceed deposits. Your capital is at risk.

IC Markets offer one way to trade: Forex.

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, IC Markets offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by ASiC (AFSL #335692). IC Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. IC Markets have been established since 2007, and have a head office in Australia.

Before we dive into some of the more detailed aspects of IC Markets’s spreads, fees, platforms and trading features, you may want to open IC Markets‘s website in a new tab by clicking the button below in order to see the latest information directly from IC Markets.

Open a demo account Visit IC Markets

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Segeregates client funds
  • Established in 2007
  • Regulated by ASiC
  • Min. deposit from $200

CONS

What are IC Markets's spreads & fees?

The spreads displayed below are based on the minimum spreads listed on IC Markets’s website. The colour bars show how competitive IC Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

IC Markets AvaTrade
Spread from: $0.00 $7.00 $0.00
Typical overnight fee: $5.21 $5.00 $0.00
Commission: 4 0
Total cost of a 100k trade: $9.21 $12 $0
+$2.79 more +$9.21 saving
Visit IC Markets Visit AvaTrade Visit

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • IC Markets doesn't charge inactivity fees
  • IC Markets doesn't charge withdrawal fees

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is -$5.21
  • the roll over fee for short positions on EUR/USD is $4.97

Commissions

  • IC Markets does charge commission on CFD shares

What instruments can you trade with IC Markets?

FX / Currencies IC Markets AvaTrade
# of forex pairs offered
Major forex pairs Yes Yes
Minor forex pairs Yes
Exotic forex pairs Yes
Cryptocurrencies No Yes
Commodity CFDs IC Markets AvaTrade
# of commodities offered
Metals Yes Yes
Energies Yes Yes
Agricultural Yes Yes
Indiced & Stock CFDs IC Markets AvaTrade
# of Stocks offered 0 99
UK Shares No Yes
US Shares No Yes
German Shares Yes Yes
Japanese Shares Yes Yes
See IC Markets's Instruments See AvaTrade's Instruments

What's the IC Markets trading experience like?

1) Platforms and apps

IC Markets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.IC Markets is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

IC Markets Screenshot See IC Markets's Platforms

IC Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.

See IC Markets's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

IC Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.As IC Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, IC Markets offer margin up to 1% on currencies.

Finally, we‘ve listed some of the popular funding methods that IC Markets offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

IC Markets have a BrokerNotes A support rating because IC Markets offer over three languages and email support.

CFDs are leveraged products and can result in the loss of your capital. All information collected from http://www.icmarkets.com/ on November 21, 2017.