IC Markets Review - Forex Trading

In the world of online trading, IC Markets stands out as a leading player in the Forex market, offering cutting-edge trading technology, a wide range of currency pairs, and competitive trading conditions. This review delves into the features, benefits, and potential drawbacks of trading with IC Markets, providing traders with a comprehensive insight into what to expect when engaging with this platform.

Introduction to IC Markets

IC Markets is a globally recognized Forex broker, established in 2007, known for its commitment to providing traders with low spreads, high leverage, and access to a vast array of trading instruments. The company operates under strict regulatory oversight, ensuring a secure trading environment for its clients. With a focus on innovation and customer satisfaction, IC Markets has positioned itself as a preferred choice for both novice and experienced traders.

Trading Platforms and Tools

IC Markets offers access to three of the most powerful trading platforms available: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Each platform is equipped with advanced charting tools, automated trading capabilities, and a suite of technical indicators, catering to the needs of all types of traders. Additionally, IC Markets provides a proprietary set of trading tools, including advanced order types, price alerts, and a market depth display, enhancing the trading experience further.

Account Types

Understanding the diverse needs of traders, IC Markets provides various account types: Standard, Raw Spread, and cTrader Raw. The Standard account is perfect for beginners, offering no commission trading with slightly higher spreads. In contrast, the Raw Spread and cTrader Raw accounts cater to more experienced traders, offering lower spreads with a commission per trade, leading to a more cost-effective solution for high-volume trading.

Spreads, Leverage, and Commissions

IC Markets is renowned for its tight spreads, starting from 0.0 pips on major currency pairs in the Raw Spread and cTrader Raw accounts. This feature significantly reduces trading costs and is a crucial advantage for scalpers and high-frequency traders. The broker also offers leverage up to 1:500, allowing traders to maximize their trading potential. However, it's important to approach leverage with caution due to the increased risk it entails.

Commissions are transparent and competitive, with the Raw Spread and cTrader Raw accounts charging a low commission fee per trade. The exact fee structure is clearly outlined on the IC Markets website, ensuring traders can calculate potential trading costs upfront.

Market Range and Liquidity

IC Markets provides access to a wide range of financial markets, including Forex, commodities, indices, bonds, cryptocurrencies, and stocks. This variety allows traders to diversify their portfolios and take advantage of different market conditions. The broker's deep liquidity pool, sourced from over 50 banks and dark pool liquidity sources, ensures that orders are executed quickly and at the best available prices, even during volatile market conditions.

Customer Support and Education

Customer support is an area where IC Markets excels, offering 24/7 assistance via live chat, email, and phone. The support team is knowledgeable and ready to help with any trading-related queries. Moreover, IC Markets invests in trader education, providing a wealth of resources such as webinars, tutorials, and market analysis, which are invaluable for traders looking to enhance their knowledge and trading skills.

Regulation and Security

IC Markets is regulated by several top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This regulatory framework ensures that IC Markets adheres to strict financial standards, including client fund segregation, which guarantees that client funds are held in secure and separate accounts.

Pros and Cons


  • Competitive spreads and low commissions

  • Access to a wide range of markets and deep liquidity

  • Advanced trading platforms and tools

  • Strong regulatory framework and secure trading environment

  • Excellent customer support and educational resources


  • High leverage may not suit all traders due to the increased risk

  • cTrader platform not available on all account types


IC Markets stands out in the crowded Forex broker market due to its commitment to providing traders with a superior trading environment. With its competitive trading conditions, advanced technology, and strong regulatory oversight, IC Markets is an excellent choice for traders looking for a reliable and efficient Forex trading partner. Whether you're a beginner or an experienced trader, IC Markets offers the tools, resources, and support to help you succeed in the dynamic world of Forex trading.