Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
IC Trading Pros & Cons
- A wide range of assets for trading: CFDs on Forex, indices, commodities, stocks, bonds, futures, and cryptocurrencies;
- Reliable trading platforms such as WebTrader, MetaTrader, and ZuluTrade, are available for both desktop and mobile devices;
- Fast order execution and low spreads, starting from 0 pips on some accounts;
- Multiple timeframes for price action and pattern analysis;
- Adjustable settings for technical indicators.
- Possible commissions for depositing and withdrawing funds, depending on the chosen transaction method;
- The minimum deposit required to open an account may be higher than average;
- No option for opening PAMM-type accounts for investment.
TU Expert Verdict
IC Trading carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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IC Trading User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of IC Trading have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is IC Trading Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10IC Trading has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.4 /10IC Trading offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Demo account
- Standard account with balanced trading conditions
- Micro lots are not available
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.5 /10IC Trading received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria9.3 /10IC Trading offers a wider selection of trading assets than the market average, with over 2250 tradable assets available, including 75 currency pairs.
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Trading Account Opening
We successfully registered an account with IC Trading in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at IC Trading is $200.Score:We evaluated Trading Account Opening at IC Trading by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at IC Trading by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.3 /10
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FAQs
How safe is IC Trading in terms of regulation and client protection?
IC Trading has a safety score of 3.7/10, which corresponds to a low security level in this review. The broker is regulated by the Financial Services Commission of Mauritius (FSC), a Tier-3 regulator, and offers negative balance protection and KYC verification, but it is not Tier-1 regulated and has a track record of less than 8 years, and the foundation date and any specific investor compensation fund are not specified in the section.
What account types and key trading conditions are available with IC Trading?
According to this section, IC Trading offers Demo, Standard, Raw Spreads (ECN/Raw spread), and Swap Free (Islamic) accounts, but does not provide Cent, Micro, VIP, or managed accounts. The maximum leverage for retail clients is 1:500, the minimum deposit for all account types is $200, and trading conditions include a Standard account with fixed spreads from 0.8 pips and no commission, and a Raw Spreads account with floating spreads from 0.1 pips and a $3.5 commission per lot.
What do user reviews and feedback indicate about IC Trading’s overall satisfaction level?
IC Trading has a user satisfaction score of 6.7/10 based on 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 5-star, 2-star, or 1-star ratings. According to user reviews, the overall impression is mixed rather than strongly positive or negative.
Which markets and tradable assets are available at IC Trading according to reviews?
IC Trading provides access to over 2,250 tradable assets, including 75 currency pairs, as well as stocks, commodity futures, cryptocurrencies, and stock indices, while options are not available. The broker also offers bonds and a copy trading platform, but ETFs, PAMM investing, and managed accounts are not provided according to this section.
What do reviews say about IC Trading’s customer support and communication channels?
Based on user feedback in this section, IC Trading’s customer support is available 24/7 via phone, email, online chat, and a feedback form, but response speed and service quality can vary and may sometimes require follow-ups. Support is only provided in English, users must provide their details to ask questions, and even unregistered users can contact support through the available channels.
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