IC Markets Review: Is It a Reliable Forex Broker or a Scam?

Are you searching for a detailed IC Markets Review to decide if this broker suits your trading style? Founded in 2007 and based in Australia, IC Markets is a globally recognized forex and CFD broker known for its low spreads and fast execution. With regulation from top-tier authorities and a wide range of trading platforms, it’s a favorite among traders—but does it live up to the hype? In this IC Markets Review, we’ll explore its features, pros, cons, and who it’s best for in 2025.

 Introduction to IC Markets

IC Markets is a top-tier Forex and CFD broker, known for its tight spreads, lightning-fast execution speeds, and deep liquidity. Established in 2007, IC Markets has become one of the most trusted brokers worldwide, catering to both retail and institutional traders.

But the key question is: Is IC Markets a legit broker or a scam? In this detailed IC Markets Review, we will analyze its trading conditions, regulations, platforms, fees, and more to help you determine if IC Markets is the right broker for you.

Basic Information About IC Markets

Criteria	Details
Year Founded	2007
Headquarters	Australia
Regulation	ASIC, CySEC, FSA
Tradable Assets	Forex, Crypto, Stocks, Indices, Commodities, Bonds, Futures
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader
Maximum Leverage	Up to 1:500
Account Types	Standard, Raw Spread, cTrader Raw

 Is IC Markets a Legit Broker?

Regulation and Security

IC Markets is a highly regulated broker, holding licenses from some of the most reputable financial authorities, ensuring safety and transparency for traders:

🔹 Australian Securities and Investments Commission (ASIC, Australia) – One of the most stringent financial regulators
🔹 Cyprus Securities and Exchange Commission (CySEC, Cyprus) – Ensures compliance with EU financial regulations
🔹 Financial Services Authority (FSA, Seychelles) – Offshore flexibility with higher leverage options

Additionally, IC Markets follows strict financial policies, such as segregated client funds, negative balance protection, and fund security in Tier-1 banks, ensuring traders’ funds are protected.

 IC Markets Account Types

IC Markets offers three main account types, designed for different trading styles:

Account Type	Spread	Maximum Leverage	Commission	Minimum Deposit
Standard	From 1.0 pips	Up to 1:500	No	$200
Raw Spread (MT4/MT5)	From 0.0 pips	Up to 1:500	$3.5 per lot	$200
cTrader Raw	From 0.0 pips	Up to 1:500	$3.0 per lot	$200

Key Highlights:

• Standard account is ideal for beginners, offering commission-free trading.
• Raw Spread (MT4/MT5) account is best for professional traders who prefer low spreads with a commission per trade.
• cTrader Raw account is tailored for ECN-style trading with direct market access.

 Trading Platforms on IC Markets

IC Markets provides three powerful trading platforms, ensuring seamless trading execution:

✅ MetaTrader 4 (MT4) – The industry-leading platform with EA support
✅ MetaTrader 5 (MT5) – Advanced version of MT4, supporting stocks and more features
✅ cTrader – Ideal for scalping and algorithmic trading with enhanced charting tools

Mobile Trading Features

📌Real-time price tracking
📌 One-click trading execution
📌 Advanced charting and indicators
📌 Available on iOS & Android

 What Can You Trade on IC Markets?

IC Markets offers a diverse range of financial instruments, including:

🔹 Forex – 60+ currency pairs (EUR/USD, GBP/USD, USD/JPY, etc.)
🔹 Cryptocurrencies – Bitcoin, Ethereum, Litecoin, XRP, and more
🔹 Stocks – Shares from Apple, Tesla, Amazon, Google
🔹 Indices – US500, NASDAQ, GER30, UK100
🔹 Commodities – Gold, Silver, Oil, Natural Gas
🔹 Bonds & Futures – Government bonds and major futures contracts

 IC Markets Trading Fees & Spreads

IC Markets is known for some of the lowest trading costs in the industry, especially for Raw Spread accounts.

Account Type	Minimum Spread	Commission
Standard	From 1.0 pips	No
Raw Spread (MT4/MT5)	From 0.0 pips	$3.50 per lot
cTrader Raw	From 0.0 pips	$3.00 per lot

✅ No hidden charges
✅ Ultra-low spreads for Raw account traders
✅ Deep liquidity from major banks

 IC Markets Bonuses & Promotions

IC Markets does not offer traditional deposit bonuses due to regulatory restrictions. However, traders benefit from:

🎯Low spreads and commission-free trading on Standard accounts
🎯 Access to institutional-grade liquidity
🎯 Advanced trading tools for scalpers and algo traders

 Deposit & Withdrawal Methods

IC Markets offers fast and secure deposits & withdrawals via multiple payment methods:

✅ Bank Transfers – Available worldwide
✅ Credit/Debit Cards – Visa, Mastercard
✅ E-wallets – Skrill, Neteller, PayPal
✅ Cryptocurrencies – Bitcoin, Ethereum, USDT

⏱ Withdrawal Processing Time: Most withdrawals are processed within 24 hours

 IC Markets Pros and Cons

Pros

✅Regulated by ASIC, CySEC, FSA
✅ Tight spreads and deep liquidity
✅ Supports MetaTrader 4, MetaTrader 5, and cTrader
✅ Fast execution speeds under 40ms
✅ Wide range of assets including Forex, Crypto, Stocks, and Bonds

Cons

❌No deposit bonuses available
❌ Minimum deposit of $200 is higher than some competitors

 Conclusion: Should You Trade with IC Markets?

IC Markets is a leading Forex broker with ultra-low spreads, deep liquidity, and fast execution speeds.

If you are a beginner, the Standard account is a great choice with no commissions.
If you are an advanced trader, the Raw Spread or cTrader Raw account provides institutional-grade trading conditions.

📌 Have you traded with IC Markets? Share your experience in the comments below! 🚀