IC Markets Review

IC Markets Review
IC Markets Review

IC Markets mission is to create the best and most transparent trading environment for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service.

International Capital Markets holds an Australian financial services licence (AFSL) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL. International Capital Markets Pty Ltd. ACN 123 289 109. AFSL No. 335692.

IC Markets does not accept applications from residents of the U.S, Canada, Israel and Islamic Republic of Iran. IC Markets does not issue or sell cryptocurrencies nor is it a digital currency exchange service provider. IC Markets is the issuer of over-the-counter derivatives such as CFDs over various underlying instruments or other assets including cryptocurrencies.

IC Markets Accounts Overview

IC Markets True ECN offering and large product range are included across all account types. Suited for both new and experienced traders, simply choose your preferred trading platform and pricing model to get started.

Account cTrader

Account True ECN

Account Standard

Trading Platform

cTrader MetaTrader MetaTrader

Commission (per lot)

$3.0 ($6.0 per lot roundturn) $3.5 ($7.0 per lot roundturn) $0.0

Spreads from (pips)

0.0 0.0 1.0

Starting Deposit (USD)

$200 $200 $200


500:1 500:1 500:1

Server Location

London New York New York

Micro Lot Trading (0.01)

Yes Yes Yes

Currency Pairs

64 64  64

Index CFD Trading

Yes Yes Yes

Stop Out Level

50% 50% 50%

One Click Trading

Yes Yes Yes

Islamic Accounts (Non-Swap)

Yes Yes Yes

CNS VPS Cross Connect

No Yes Yes

Trading Styles Allowed

All All All

Order Distance Restriction

None None None

Programming Language


Suitable for

Day Traders & Scalpers EAs & Scalpers Discretionary Traders

Account Funding

IC Markets offers over 15 flexible funding options in 10 different base currencies. Deposit instantly and for free using a range of methods.

For faster processing we recommend that all account holders deposit funds into their trading account from inside their Secure Client Area. From your Secure Client Area you will be able to fund your account in real time using Credit Card and Skrill.

When funding your trading account client money is held in Segregated Client Trust Accounts at National Australia Bank (NAB) and Westpac Banking Corporation (Westpac), both are AA rated Australian Banks. Electronic payments are processed using SSL (Secure Socket Layer) technology and are encrypted to ensure security. All payment information is confidential and used only for the purpose of funding your trading account with IC Markets.

IC Markets does not charge any additional fees for deposits or withdrawals. You should however be aware that you may incur fees on payments to and from some international banking institutions. IC Markets accepts no responsibility for any such bank fees.

IC Markets does not accept payments from third parties. please ensure that all deposits into your trading account come from a bank account in your name. Payments from Joint Bank Accounts / Credit Cards are accepted if the trading account holder is one of the parties on the Bank Account / Credit Card.

Funds Withdrawal

For faster processing all account holders are now required to submit withdrawal requests from inside their Secure Client Area.

Withdrawal requests cut off time is 12:00 AEST/AEDT. If your withdrawal is submitted before this time it will be processed on the day of receipt. If your withdrawal is submitted after this time it will be processed on the following business day.

Credit / Debit Card withdrawals are processed free of charge. Once processed, Credit / Debit Card withdrawals may take 3-5 business days to reach you credit card. You should however be aware that in some rare occasions, this may sometimes take up to 10 business days depending on the banks end.

If you have funded any of your trading accounts using a credit / debit card within the last 60 days of placing a new withdrawal request, then all withdrawals will be prioritized to be processed as a refund back to the same credit / debit card first, unless the deposited amount via that card has already been withdrawn.

For International Bank Wire withdrawals, we pass the transfer fees charged by our banking institution. International Wire Transfer fees are approximately AUD20, this fee is deducted from the amount of your withdrawal. International Telegraphic Wire Transfers will usually take 3-5 business days to reach your bank account.

Paypal / Neteller / Skrill withdrawals must be made from the same account from where the funds were sent initially. These transactions are processed free of charge and are instant once processed.

Domestic Bank Wire withdrawals within Australia in AUD currency do not incur any additional bank charges. Domestic Bank Transfers within Australia will usually reach your bank within 2-3 business days.

Range of Markets

IC Markets’ carefully selected range of products gives you access to the most popular and liquid markets across the world for the best trading opportunities 24/7.








60 currency pairs 17 indices to trade from across the globe Over 19 commodities to trade 120+ stocks from ASX, Nasdaq & NYSE Over 6 Bonds available to trade Trade the market 24/5 4 Global Futures available to trade
Tight spreads from 0.0 pips Up to 1:200 leverage Energy, agriculture and metals Earn dividends No commissions Long or short No commissions
Up to 1:500 leverage No commissions Spot and Futures CFDs MT5 Up to 1:200 leverage Up to 1:20 leverage Up to 1:20 leverage
Deep liquidity MT4, MT5 & cTrader Up to 1:500 leverage Deep liquidity 10 of the most popular Cryptos  Deep liquidity

Trading Conditions

The IC Markets True ECN environment offers the most aggressive pricing and flexible trading conditions globally. They are ideal for traders who demand the best execution quality and lowest spreads.


Our spreads are market leading with prices streaming from over 50 different banks and dark pool liquidity sources. Low latency servers in an enterprise grade True ECN trading environment means you will always be trading on the best available price. Spreads can go as low as 0.0 pips on our MetaTrader 4, 5, and cTrader True ECN platforms.


They have automated every aspect of the trade process to ensure your trades are executed at lightning speed, without any manual intervention, and at the price you expect – or better. Access unparalleled depth of market and 100% guaranteed execution by trading with a True ECN broker.

Margin and Leverage

By offering leverage up to 1:500 the broker opens the path to the forex market for Retail traders. Using leverage means only a small initial outlay (margin) is required. The use of leverage can magnify gains but losses can also exceed your initial deposit.

Currency Pairs

IC Markets streams prices on 60 different currency pairs and 4 metals on all 3 trading platforms. IC Markets is able to offer some of the best pricing in the industry by aggregating quotes from over 50 different banks and dark pool liquidity sources. This low pricing combined with unrivalled execution speeds makes IC Markets the favoured destination for day traders, scalpers and those using Expert Advisors (EAs).

Swap Rates

We offer long and short swap rates for all of our currency pairs and metals. Swap rates are determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’.

Trading Hours

IC Markets make it easy to know when the markets are open for trading. See at a glance all the trading hours for their broad range of products. Trading hours can also be viewed from within the MetaTrader and cTrader trading terminals.

IC Markets Trading Platforms

MetaTrader 4

IC Markets offers its clients the opportunity to trade on the award-winning MetaTrader 4 platform. It is undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature rich environment and automated trading ability.

It has grown from a trading platform to a global community where trader’s demands are met by technology provider’s innovations. IC Markets has partnerships with many of these technology providers and is proud to offer you the next generation MetaTrader 4 platform, designed to take your trading to the next level.

Both IC Markets Standard and True ECN accounts are available on the MetaTrader 4 trading platform.

MetaTrader 5

The new platform is an updated and improved version of its predecessor which has long been the industry standard for traders around the world. IC Markets is proud to present the next generation MetaTrader 5 platform, designed to offer everything you need to trade the markets.

MetaTrader 5’s advanced charting technology coupled with sophisticated order management tools help you to monitor and control your positions quickly and efficiently. It is a powerful platform packed with brand new features aimed at improving your trading experience. It is available on both of the IC Markets account types: True ECN and Standard.

MetaTrader WebTrader

MetaTrader WebTrader offers the ultra fast order execution capabilities of MetaTrader with ease and convenience of being a web-based application. MetaTrader WebTrader is a user friendly web-based trading platform allowing you to enjoy trading in a True ECN environment with no dealing desk from anywhere in the world.

MetaTrader WebTrader has the same market leading spreads, Level II Pricing, and one-click trading as the MetaTrader desktop version along with features such as a personalized trader dashboard to allow monitoring of your positions at a glance.

MetaTrader 4 & 5 for Mac

IC Markets’ custom built MetaTrader for Apple Mac application allows Mac users to take advantage of the many features Metatrader offers without having to install parallel operating systems. Our proprietary MetaTrader for Mac application offers the same functionally afforded to PC users. Now Mac users can install and run EAs and take advantage of many of the 3rd party applications available for this popular trading platform.


cTrader platform combines the speed of an ECN trading platform with the multi-bank liquidity of IC Markets True ECN environment, providing clients with the ultimate trading solution. It utilises proven technology that will enable you to take your trading to the next level.

The IC Markets cTrader platform gives you access to an deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders worldwide appreciate trading in an ECN environment, which combined with the superior functionality of cTrader and streaming prices from multiple global banks, gives you the ultimate in trading solutions.