Losses can exceed deposits of retail CFD accounts lose money when trading with this provider.
IC Markets
Retail forex trading, Contract for Differences
Est. 2007 · Australia
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IC Markets operates as an online trading platform established in 2007. IC Markets holds authorisation from Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), providing the regulatory safeguards expected of a credible, established broker.
In this IC Markets review, we assess everything from regulation and platform quality through to fees, tradeable instruments, and the standard of its support and educational resources. We provide a thorough and impartial assessment, helping you determine whether IC Markets is a suitable choice for your trading goals.
Expert Score — IC Markets · How we score brokers →
IC Markets stands out as a credible choice for retail traders offering regulated trading, broad market access, and competitive conditions across its core product range. Suitable for both newcomers and more seasoned traders, IC Markets delivers the infrastructure and support needed to trade with confidence.
Please note that due to regulations, the content in this review of IC Markets does not apply to users in United States, Canada, Israel, New Zealand, Japan, Iran.
IC Markets Review 2026 - Brief Overview
- Year Founded
- 2007
- Regulated By
- Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
- Headquarters
- Australia
- Minimum Deposit
- $200
- Number of Clients
- 60,000+
- Founders
- Andrew Budzinski
- Employees
- 260
- Telephone
- +248 467 19 76
- Support Email
- support@icmarkets.com
- Address
- Level 4, 50 Carrington Street, Sydney NSW 2000
- Trustpilot
- IC Markets on Trustpilot
- IC Markets on LinkedIn
- IC Markets on Facebook
- Facebook Likes
- 395,575
- Twitter / X
- IC_Markets
- Twitter Followers
- 8,091
- https://www.instagram.com/icmarkets/
- Instagram Followers
- 16,000
- YouTube
- IC Markets on YouTube
Who are IC Markets?
IC Markets is a multi-asset online broker based in Australia with roots going back to 2007. Over the years, IC Markets has established itself as a go-to choice among global retail trading.
IC Markets provides an extensive selection of markets including currency pairs, equities, and commodities. Having grown to 60,000+ traders on the platform, the broker continues to attract both beginners and experienced market participants. Authorised and regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), IC Markets upholds the operational standards expected of any reputable online broker.
IC Markets supports trading via MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac, providing access to professional-grade charting and order tools. IC Markets is designed for traders who want access to multiple asset classes under one roof. For traders at any experience level, IC Markets represents a credible option in the market.
Who Founded IC Markets?
IC Markets was founded by Andrew Budzinski.IC Markets was established by a team that brought a background in retail and institutional trading when the company was created.
The senior team at IC Markets brings considerable experience across financial services, trading technology, and regulation. That background has shaped how the broker approaches product, regulation, and client service. The company now has 260 people working across trading infrastructure, client services, and regulatory compliance.
Beyond the founding story, IC Markets remains focused on expanding its product range and improving service quality. The broker's learning materials and market analysis demonstrate the team's focus on trader development. For traders just starting out or building on existing skills, IC Markets provides content and tools aimed at making you a better trader.
IC Markets Review Videos
Why Trade with IC Markets?
Choosing IC Markets offers a range of real, tangible advantages that distinguish it in an increasingly crowded brokerage market. Having built its reputation over many years of operation, IC Markets has built an offering tailored to meet the needs of a diverse range of clients, from newcomers to experienced market participants.
A defining factor when evaluating an online broker comes down to the overall trading environment it provides. Tight pricing and swift and consistent order execution mean traders can enter and exit positions at the prices they intend, a clear advantage whether you trade frequently or hold positions over time.
IC Markets takes seriously the role of platform technology in the trading experience. A robust and reliable trading environment means order flow is handled with speed and precision, which is especially important in markets where timing is critical.
Copy trading is a notable feature offered by IC Markets. Clients can use it to mirror the trades of proven traders, giving real investment activity without having to make every decision from scratch. It combines practical market participation with a learning opportunity, offering a more accessible route into the markets for those building confidence.
IC Markets additionally supports collaborative trading through social trading functionality. The social element allows traders to connect with and learn from others on the platform, sharing market insight, analysis, and ideas with experienced traders. This can be particularly useful for those who want to refine their approach by observing how established traders approach different market conditions.
IC Markets gives traders exposure to a broad selection of tradeable assets, including forex, indices, commodities, equities, and other asset classes. This diversity allows clients to access the markets best suited to their goals and risk appetite, reflecting IC Markets's commitment to serving a wide range of trading needs.
Across its key offering, IC Markets's balance between reliable infrastructure, a diverse product range, and client-focused features positions it as a serious choice for both new and experienced investors. The breadth of what it provides demonstrates a genuine commitment to the trading experience.
Pros & Cons
Pros
- Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
- Negative balance protection offered
- Free demo account available
- MetaTrader 4 and MetaTrader 5 supported
- cTrader platform available
- Copy trading and social trading available
- iOS and Android mobile apps available
- No withdrawal fees
- No inactivity fees
- Scalping permitted
- Hedging allowed
Cons
- Deposit fees apply
- Not available in all countries
Compare Brokers Similar To IC Markets
| IC Marketslearn more about IC Markets |  learn more about Pepperstone | ThinkMarketslearn more about ThinkMarkets | |
|---|---|---|---|
| Broker | IC Markets | Pepperstone | ThinkMarkets |
| Rating | 8.00 / 10 | 8.90 / 10 | 8.70 / 10 |
| Minimum Deposit | $200 | $200 | $0 |
| Year Founded | 2007 | 2010 | 2010 |
| Headquarters | Australia | Australia | Australia & United Kingdom |
| Regulated By | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles |
| Clients | 60,000+ | 10,000+ | 475,000+ |
| Find Out More | Visit IC Markets website Losses can exceed deposits | Visit Pepperstone website CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Visit ThinkMarkets website 71.89% of retail investor accounts lose money when trading CFDs with this provider. |
Regulation
Key Takeaway
Regulated by: Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA). HQ: N/A.
IC Markets holds regulatory oversight from Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
IC Markets, as a business, has a robust framework of rules put in place to ensure honest trading across its own platform. In terms of information security measures, the platform uses an industry-standard 256-bit SSL encryption. Customer funds are kept in segregated bank accounts independent of the company's operating funds, offering a key level of client fund security.
In accordance with the organisation's privacy policy, client information is not disclosed to other outside parties or individuals. That includes credit history and other personal financial information. IC Markets must hold adequate capital reserves as required by their regulatory bodies, providing traders further assurance that the firm operates within regulated parameters. Below we summarise the main compliance information for IC Markets.
- Regulation
- Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
The body or bodies responsible for IC Markets's regulatory oversight. Regulated brokers are subject to conduct standards and capital requirements set by their licencing authority.
- Negative Balance Protection
- Yes
- You cannot lose more than the funds in your account. This means your debt to the broker is limited to your deposited funds, a key protection for retail traders using leverage.
- Guaranteed Stop Loss
- No
- Your stop loss order may execute at a worse price than set during periods of high volatility or when markets gap. The closing price of a stopped-out position may be worse than expected, which should be considered when calculating potential downside on leveraged positions.
- Excluded Countries
- United States, Canada, Israel, New Zealand, Japan, Iran
IC Markets is unable to onboard clients from these jurisdictions, typically due to licensing limitations or local financial regulations.
Platforms
Key Takeaway
Available platforms: MT4, MT5, cTrader.
IC Markets has operated as an online trading platform since 2007. Your choice of trading platform can be one of the most overlooked aspects of setting up a trading account, as it shapes how you place trades, manage positions, and analyse the markets.
Trading platforms cater to different trading styles and experience levels. Platforms like MT4 and MT5 remain the most popular choice among retail traders globally, especially those relying on Expert Advisors and technical analysis tools. Other traders prefer cTrader for its focus on direct market access and level-2 order data. Brokers may also provide their own bespoke trading interface, designed around their own product range and funding tools.
Alongside the main trading interface, traders should also check the availability of mobile trading apps, practice accounts using virtual funds, and tools like social trading, copy trading, or automated signal services depending on your individual trading approach. Below we break down the key platform options offered by IC Markets.
- Platforms
- MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
- MT4
- Yes
- The world's most popular forex and CFD platform. Features Expert Advisors (EAs), extensive custom indicators, and algorithmic trading strategies.
- MT5
- Yes
- The successor to MT4, platform with broader market access and enhanced timeframes, including stocks and futures, and improved backtesting tools.
- cTrader
- Yes
- Highly regarded platform known for direct market access and transparent pricing. Includes cBot automated trading and detailed order management.
- Proprietary Platform
- Not available
- Demo Account
- Yes
- Test the platform using virtual funds without risking capital. Highly recommended for new traders and those testing strategies.
- Social Trading
- Yes
- Copy and follow positions from experienced traders on the platform. A strong draw for those new to markets who want to benefit from experienced investors.
- Copy Trading
- Yes
- Replicate in real time positions from chosen traders into your live portfolio. Well suited to those with limited time to actively trade while leveraging others' expertise.
- ZuluTrade
- Not available
- DupliTrade
- No
- Hedging
- Yes
- Open opposing long and short positions on the same instrument as part of a risk management strategy. A valuable tool for offsetting potential losses in volatile markets.
- Trailing Stop
- No
- Scalping
- Yes
- Rapid-fire trading strategy supported here. Allows placing rapid trades within very short timeframes to exploit small market fluctuations.
IC Markets Awards
Industry recognition earned by IC Markets across trading, technology, and customer service.
Asia-Pacific Financial Investment Association Financial Institution of the Year
2012Forex Magnates Awards Best Retail Broker Execution
2013ADVFN International Financial Awards Best ECN Broker
2019Copy Trading
Data not available for this broker.
Apps
Mobile and desktop trading apps are now a standard expectation for online brokers, and for good reason. Whether checking markets while away from a computer, monitoring your portfolio on the move, or looking for a more responsive interface, the quality of a broker's apps matters for anyone who trades away from a fixed workstation.
Good mobile trading apps provide access to everything available on the web or desktop version, including full order management, charting tools and live pricing, and full control over account settings and funding. Leading brokers also support fingerprint or face ID for fast authentication, real-time alerts for trade updates and price movements, and responsive mobile interfaces built for phones and tablets.
When trading across phone, tablet, and desktop, broad app availability keeps everything accessible regardless of which device you are using. Below we detail the mobile and desktop app support offered by IC Markets.
- Windows App
- Yes
- IC Markets offers a Windows desktop application, providing a full-featured client outside the browser.
- Mac App
- Yes
- IC Markets supports macOS with a dedicated desktop app.
- Linux App
- No
- IC Markets does not provide a native Linux client. Browser access is the recommended option for Linux users.
- iOS App
- Yes
- IC Markets offers a native iOS app, available from the App Store.
- Android App
- Yes
- IC Markets offers a native Android application, available for Android phones and tablets.
Fees
Key Takeaway
Commission: N/A. Min spread EUR/USD: N/A. Inactivity fee: No.
IC Markets is an online broker, and many online brokerages generally charge lower costs than traditional brokerages. This is largely because online brokers operate at much greater scale, and are therefore not constrained by physical branch networks or the number of their customer base.
That said, this doesn't mean online brokers do not charge fees. Broadly speaking, there are two primary types of charges to be aware of: trading costs and non-trading charges.
Trading costs are applied whenever you execute a trade, for example purchasing or selling a stock, forex pair, or CFD. Trading fees usually consist of spreads, commissions, or overnight funding charges. A spread is the gap between the bid and ask price. Commission charges are often fixed or calculated from the traded volume. Financing charges are charged when you keep a position open for more than one day.
Non-trading charges relate to activities unrelated to trading itself, including depositing and withdrawing funds, periods of inactivity, or FX conversion. Non-trading fees differ considerably from broker to broker and are worth checking for those not regularly monitoring their portfolio. Below we detail the key charges for IC Markets.
- Minimum Deposit
- $200
The lowest initial deposit accepted by IC Markets. This amount lowers the barrier to entry for retail traders and beginners getting started.
- Withdrawal Fees
- No
- IC Markets does not charge for withdrawals. Profits and capital can be moved out free of charge, a clear benefit for active traders.
- Deposit Fees
- Yes
- Deposit charges are applicable at IC Markets. Rates differ depending on how you fund your account, so review the pricing page before adding funds.
- Inactivity Fees
- No
- IC Markets does not charge for account dormancy. Funds are not deducted if you take a break from trading, making this broker a good fit for less active traders.
- CFD Fees
- Yes
- Fees apply on CFD positions, usually as a spread and an overnight funding rate. Rather than a flat commission, costs are reflected in the spread and financing rate.
What Can You Trade With IC Markets in 2026?
Note: IC Markets offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can differ depending on the country of residence of the client.
IC Markets has a wide variety of over 232 instruments available for you to trade with.
If trading currency pairs is of interest to you then IC Markets offer over 65 currency pairs.
Compare IC Markets, Pepperstone, ThinkMarkets below.
| IC Marketslearn more about IC Markets | learn more about Pepperstone | ThinkMarketslearn more about ThinkMarkets | |
|---|---|---|---|
| Platforms | MT4, MT5, cTrader, MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT5, cTrader, MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, MT4, MT5 and ThinkTrader |
| Instruments Available | 232 | 100 | 3500 |
| Forex & Crypto | |||
| Forex Pairs Available | 65 | 70 | 46 |
| Offers Major Forex Pairs? | No | No | No |
| Offers Minor Forex Pairs? | No | No | No |
| Offers Exotic Forex Pairs? | No | No | No |
| Offers Cryptocurrencies? | No | No | No |
| Commodity CFD's | |||
| Commodities Offered | 19 | 16 | 11 |
| Trade Metals? | No | No | No |
| Trade Energies? | No | No | No |
| Trade Agricultural? | No | No | No |
| Indices & Stock CFDs | |||
| Stocks Offered | 100 | 60 | 1550 |
| Trade UK Shares? | No | No | No |
| Trade US Shares? | No | No | No |
| Trade German Shares? | No | No | No |
| Trade Japanese Shares? | No | No | No |
| Visit IC Markets website Losses can exceed deposits | Visit Pepperstone website CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Visit ThinkMarkets website 71.89% of retail investor accounts lose money when trading CFDs with this provider. | |
Education
Key Takeaway
Demo account: Yes. Educational videos: N/A.
The quality of a broker's educational offering matters more than many traders realise, especially for those building their knowledge or exploring new trading strategies. Brokers that provide strong learning content show a genuine focus on client development, and are often better placed to support traders over the long term.
Well-rounded broker education usually includes market structure, technical and fundamental analysis, and the practicalities of managing a trading account, available in formats ranging from articles and video tutorials to live and recorded webinar sessions. Interactive content such as webinars and Q&A sessions adds real value, giving traders the chance to interact directly with experienced analysts and educators. Below we outline the education offering at IC Markets.
- Forex Education
- Yes
- Forex-specific learning materials are provided, covering topics such as how currency pairs work, reading forex quotes, and the mechanics of forex trading.
- CFD Education
- Yes
- Learning resources covering CFD trading are available, covering CFD mechanics, how margin works, the role of leverage, and the importance of risk management.
- Weekly Webinars
- Yes
- Live webinar sessions are held on a weekly basis, often focusing on market outlook, strategy discussions, and key economic events for the week ahead.
- Beginner Videos
- Yes
- Video tutorials aimed at newer traders are provided, walking through the fundamentals of trading, platform navigation, and how different markets work.
- Regular Client Webinars
- Yes
- Clients have access to ongoing live webinar events, covering current market themes, trading strategies, and Q&A sessions with market professionals.
Research Tools
- Daily Market Commentary
- Yes
- A regular daily briefing is available, summarising important market developments and outlining what to watch in the session ahead.
- Forex News
- Yes
- Real-time or regular forex-specific news coverage is provided, keeping traders informed of events affecting currency pairs, interest rate decisions, and major economic indicators.
- Economic Calendars
- Yes
- Access to a scheduled economic events calendar is provided, showing key scheduled events such as interest rate decisions, GDP releases, and employment data, typically with forecasts and prior readings.
- Trading Central
- Yes
- Access to Trading Central analytical tools is included, offering automated technical analysis, key support and resistance levels, and trade signals generated by an independent research firm.
- Autochartist
- Yes
- Access to Autochartist is included, offering automated technical pattern scanning, volatility analysis, and trade signal alerts across forex, indices, and commodities.
Deposits & Withdrawals
Key Takeaway
Min deposit: $200. Methods: N/A.
Deposit and withdrawal options are a practical yet sometimes undervalued consideration when choosing an online broker. How quickly and cheaply you can fund your account and access your profits is just as relevant as spreads and platform quality, especially if you trade actively or are sensitive to transaction charges.
Common deposit and withdrawal options across retail brokers include bank wire transfers, Visa and Mastercard, and digital wallets like PayPal, Skrill, and Neteller. Wire transfers are generally reliable but slower, whereas cards and e-wallets are often processed faster, a clear advantage when you need funds available quickly. Below we detail the deposit and withdrawal options supported by IC Markets.
- Bank Transfer
- Yes
- Wire transfer funding is available. Bank transfers are generally reliable but slower than card or e-wallet options, which makes them more suitable for larger transfers where processing speed is less critical.
- Credit Card
- Yes
- Deposits and withdrawals by Visa or Mastercard are available, usually processed more quickly than bank wire transfers. Most card transactions are credited quickly, which makes this one of the most straightforward ways to deposit.
- PayPal
- Yes
- PayPal is accepted as a funding method, providing quick transfers and a widely trusted e-wallet option for traders who prefer not to share card details directly.
- Skrill
- Yes
- Skrill e-wallet transfers are available, providing a popular alternative to card payments, particularly for traders in regions where card options may be more restricted.
- Neteller
- Yes
- Neteller e-wallet funding is available, offering a fast and established digital payment option that is well-known in the online trading industry.
Customer Support
Customer support is one of those broker attributes that rarely matters until it really does. Whether it is a technical problem, a question about your account, or an urgent trading matter, how quickly and effectively you can get help matters a great deal.
Good support should be accessible in a number of ways, such as live chat for quick answers, phone for direct conversations, and email for detailed enquiries. Support in multiple languages is increasingly important for international clients, as it ensures traders can communicate effectively regardless of their location. Below we detail the customer support options offered by IC Markets.
- Live Chat
- Yes
- Real-time chat support is offered, connecting traders directly with the support team for immediate help with account, platform, or general trading questions.
- Phone Support
- Yes
- Phone support is offered, giving clients the option to speak with a person directly for time-sensitive or detailed queries.
- Email Support
- Yes
- Support by email is offered, useful for detailed questions, account documentation, or matters that do not require an immediate response.
- Languages
- English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
The range of languages supported across the platform and support channels. Multi-language availability is particularly important for traders who prefer to operate in their native language.
Frequently Asked Questions — IC Markets
- Can I try IC Markets before I deposit?
Absolutely! IC Markets provides a free demo account, allowing you to explore the platform using virtual funds before committing real money.
When you sign up for a demo account with IC Markets, you are given a set amount of virtual funds to trade with. This lets you build confidence in the platform and test your trading strategies without any financial risk.
With a IC Markets demo account you can open and close positions, try different strategies, and familiarise yourself with the trading environment for as long as you need.
- Is IC Markets safe?
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). Regulated brokers must comply with strict financial conduct rules including client fund segregation, capital adequacy requirements, and regular reporting to their licensing authority. This significantly reduces the risk to traders compared to unregulated providers.
IC Markets also offers negative balance protection, meaning your account cannot fall below zero.
- Why does IC Markets ask for my passport?
When you open a live account with IC Markets, they are required to verify your identity. This is a regulatory requirement known as KYC — Know Your Customer.
Because large sums of money move through financial platforms, regulated brokers must ensure they are not facilitating money laundering or fraud. Providing a copy of your passport or government-issued ID is standard practice across the industry and helps IC Markets remain compliant with their licensing obligations.
- How can I start trading with IC Markets?
Getting started with IC Markets is straightforward. Visit the IC Markets website and complete the registration form with your personal details. You will then need to go through the standard KYC (Know Your Customer) verification process.
Once your account is verified, you can make your first deposit. The minimum deposit for a live account is $200. You should have a good understanding of online trading before committing real money, as losses can exceed deposits.
If you are new to trading, the best way to start is by opening a demo account first to practise without financial risk before switching to a live account.
- Is my money safe with IC Markets?
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) and is required to hold client funds in segregated accounts, separate from the company's own operating funds. This means your capital is protected even in the unlikely event that the broker faces financial difficulties.
IC Markets also protects client data using SSL encryption. Always ensure you are accessing IC Markets through their official website.
- Is IC Markets regulated?
Yes, IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). Regulated brokers are required to segregate client funds, meet minimum capital requirements, and adhere to conduct standards set by their licencing authority.
- Is IC Markets legit?
Yes, IC Markets is a legitimate broker. The company was established in 2007 and is headquartered in Australia, and is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
IC Markets operates with transparency and you will not encounter hidden costs or misleading practices that are characteristic of fraudulent platforms.
- Is IC Markets a scam?
No, IC Markets is not a scam. They are regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules and conduct standards. This makes it safe to say that IC Markets is not a fraudulent platform.
- Is IC Markets a good broker?
IC Markets offers a range of features including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader trading platforms, multiple payment methods, and a free demo account.
Whether IC Markets is the right broker for you depends on your individual trading needs, experience level, and the markets you want to access. We recommend comparing IC Markets with alternative brokers to find the best fit.
- Is IC Markets a trustworthy broker?
Yes, IC Markets is a trustworthy broker. Their operations are regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), meaning they must meet strict financial conduct standards.
IC Markets has 60,000+ registered users.
You can review feedback from real clients on the IC Markets Trustpilot page.
- What is the minimum deposit for IC Markets?
The minimum deposit to open a live account with IC Markets is $200. This is the lowest amount required to start trading with real money. Always check the IC Markets website for the most current requirements.
- How long do IC Markets withdrawals take?
Withdrawal processing times at IC Markets vary depending on the method used. Typically, withdrawals are processed within 1–3 business days, though bank transfers can take up to 7 working days to appear in your account.
Withdrawals are available in the following currencies: USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
IC Markets does not charge withdrawal fees.
- When was IC Markets founded?
IC Markets was founded in 2007 in Australia. They are regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
- How many people use IC Markets?
IC Markets is a globally recognised broker with 60,000+ registered customers.
- Where is the IC Markets head office?
IC Markets has its head office in Australia. Their registered address is: Level 4, 50 Carrington Street, Sydney NSW 2000.
- Which countries does IC Markets support?
IC Markets operates globally. However, due to regulatory restrictions, IC Markets cannot accept clients from: US,CA,IL,NZ,JP,IR. If you are unsure whether IC Markets accepts clients from your country, check directly with the broker before opening an account.
- Can you make money with IC Markets?
Many traders use IC Markets to trade the financial markets, and some do generate consistent returns. However, trading financial instruments — particularly leveraged products such as CFDs — carries a high risk of loss.
While IC Markets provides the tools and platforms to trade, they cannot guarantee profits. You should ensure you understand how the products you are trading work and that you can afford to bear the risk of potential losses.
Losses can exceed deposits
- Does IC Markets have fees?
IC Markets requires a minimum deposit of $200 to open a live account. Trading fees typically include spreads and, in some cases, overnight financing charges on leveraged positions.
Any fees charged by your bank or payment provider for deposits and withdrawals are your responsibility. Check the IC Markets fee schedule on their website for full details.
- What trading platforms does IC Markets offer?
IC Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, alongside MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac. MetaTrader platforms support automated trading via Expert Advisors and custom indicators.
- Does IC Markets offer a demo account?
Yes, IC Markets offers a free demo account, allowing traders to practise with virtual funds before committing real money. This is particularly useful for newcomers or anyone who wants to evaluate the platform before depositing.
- Does IC Markets offer negative balance protection?
Yes, IC Markets offers negative balance protection. This means your account balance cannot fall below zero, even in highly volatile market conditions. In such situations, IC Markets will reset your account balance to zero rather than leaving you with a debt to the broker.
- Does IC Markets offer guaranteed stop loss?
IC Markets does not currently offer guaranteed stop loss orders. Standard stop loss orders are available, but these may not protect against market gaps. Traders who require guaranteed stops should consider this when evaluating the platform.
- Does IC Markets allow scalping?
Yes, IC Markets allows scalping. Scalping is a short-term, high-frequency trading strategy where traders open and close multiple positions in quick succession to capture small price movements. IC Markets supports this via MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.
- Does IC Markets allow hedging?
Yes, IC Markets allows hedging. Hedging is the practice of opening positions in opposite directions simultaneously to reduce exposure to market risk.
- Does IC Markets offer copy trading or social trading?
Yes, IC Markets offers both copy trading and social trading. Copy trading allows you to automatically mirror the positions of experienced traders, while social trading lets you follow and engage with other traders on the platform.
- What funding methods does IC Markets accept?
IC Markets accepts the following funding methods: bank transfer, credit and debit card, PayPal, Skrill, and Neteller. Processing times and any applicable fees may vary by method.
- Does IC Markets accept bank transfers?
Yes, IC Markets accepts bank transfers for depositing funds. Bank transfers are one of the most secure methods of funding a trading account, though they typically take 1–5 business days to process.
- Does IC Markets accept credit cards?
Yes, IC Markets accepts credit and debit cards for depositing funds. Card deposits are typically processed instantly, making them one of the fastest ways to fund your account.
- Does IC Markets accept PayPal?
Yes, IC Markets accepts PayPal as a deposit method. PayPal provides a quick and secure way to fund your trading account without sharing your bank or card details directly with the broker.
- Does IC Markets accept Skrill?
Yes, IC Markets accepts Skrill for depositing funds.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 that operates in over 120 countries and supports more than 40 currencies. Funds deposited via Skrill are typically processed instantly. Skrill is regulated by the Financial Conduct Authority and the Central Bank of Ireland for its European activities.
- Does IC Markets accept Payoneer?
No, IC Markets does not currently accept Payoneer. Please check the IC Markets website for available payment methods.
- Does IC Markets accept Neteller?
Yes, IC Markets accepts Neteller for depositing funds. Neteller is a widely used e-wallet service that allows quick and secure deposits to trading accounts.
- Does IC Markets offer live chat support?
Yes, IC Markets offers customer support through live chat. This provides quick access to the support team for account questions, platform assistance, and general queries.
- Does IC Markets offer phone support?
Yes, IC Markets offers customer support by telephone. You can reach them on +248 467 19 76.
- Does IC Markets offer email support?
Yes, IC Markets offers customer support by email. You can contact them at support@icmarkets.com. Email is best for non-urgent queries, documentation submissions, or detailed account questions.
- What languages does IC Markets support?
IC Markets can communicate with and support customers who speak: English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more.
- Does IC Markets have a Wikipedia page?
Yes, IC Markets has a Wikipedia page. You can view it here: https://es.wikipedia.org/wiki/IC_Markets