IC Markets Germany Review - TU Expert Opinion
IC Markets is a globally recognized Forex and CFD broker, offering German traders low spreads, fast execution, and access to MetaTrader and cTrader platforms. Known for its regulation under ASIC and CySEC, the broker provides a secure and reliable trading environment.
Forex trading is absolutely legal in Germany. A large part of the country’s residents conduct active investment activity, including through trading currency pairs. The operation of Forex brokers like IC Markets is under supervision of specialists of the Federal Financial Supervisory Authority (BaFin) and also ESMA regulatory organizations. The regulators issue licenses only to reputable brokers with high financial potential for the protection of interests of their users.
Germany is an EU member and therefore all brokers must comply with the MIFID rules. Traders from Germany can work with organizations that are registered in other EU countries. There are no restrictions in this regard.
Is the Forex market legit in Germany?
IC Markets is properly regulated to offer services to traders in Germany, ensuring compliance with European financial regulations. While IC Markets does not hold a direct license in Germany, it operates under CySEC and ASIC oversight, which allows it to legally provide services to German traders.
For German traders looking for a licensed broker, IC Markets is a regulated broker in Germany that meets stringent financial security rules. The company follows all ESMA guidelines, ensuring transparent trading conditions and strong measures to protect investors.
If you're wondering, "Is IC Markets legit in Germany?" the answer is definitely yes. The broker has been serving the European market since 2018 under recognized regulatory authorities, ensuring a safe and trustworthy platform for German clients.
How to trade Forex in Germany
In order to start trading, you need to choose a local or international broker and sign up on their website. You’ll need to verify your account to unlock all the services provided by the broker. After this, you can fund your account, install a trading platform, and start trading once the funds are credited.
For those getting started with Forex trading in Germany, IC Markets offers a dependable solution. The platform provides favorable trading options, such as low spreads, fast execution speeds, and a variety of instruments. These features make IC Markets suitable for traders of all levels.
As an internationally recognized broker, IC Markets serves as a trustworthy Forex broker for traders in Germany. With support for MetaTrader and cTrader, the broker provides advanced tools, multiple account types, and strong regulatory backing, ensuring a smooth trading experience.
Our evaluation of IC Markets
IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
IC Markets trading company is a great broker for beginners, scalping enthusiasts, and automated trading lovers.
Detailed review of IC Markets in Germany
Many traders searching for an IC Markets review in Germany appreciate its low fees, fast execution, and reliability. The broker has received great reviews from traders in Germany who value its advanced tools and dependable services.
If you’re asking, "Is IC Markets an ECN broker in Germany?" the answer is yes. IC Markets provides true ECN connectivity, offering direct market access and raw spreads. These features make it a good fit for scalpers and algo traders who rely on tight spreads and fast execution.
As a trusted Forex broker, IC Markets serves traders in Germany with a safe platform backed by strong regulations. With its focus on transparency and affordable trading, the broker is trusted by traders of all experience levels.
Advantages of IC Markets for trading in Germany
For traders considering IC Markets in Germany, the minimum deposit requirement is $200. This amount is aligned with industry expectations, making it easy for both beginners and experienced traders to start. The deposit allows traders to use all available trading accounts and platforms without restrictions.
When it comes to trading costs, IC Markets provides competitive spreads in Germany, starting from 0 pips on Raw Spread accounts and averaging 0.8 pips on Standard accounts. These spreads are well-suited for scalpers and day traders who prioritize saving on trading costs.
Traders Union analysts conducted a detailed analysis of IC Markets for traders from Germany. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
-
High execution speeds on all platforms provide for both intraday trading and scalping;
-
No deposit or maintenance fees;
-
Demo accounts are available on both MetaTrader and cTrader;
-
Trading fees are average as compared to other top brokers;
-
Copy trading, algorithmic trading, and investment in real stocks for German clients are available;
-
Webinars and free educational materials for novice traders are provided;
-
24/7 multilingual technical support;
-
Free VPS for clients with a monthly trading volume of 15 lots and more.
Analysis of the main features of IC Markets in Germany
For traders with an IC Markets funded account in Germany, the broker offers its trading platforms, a wide range of instruments, and reliable execution speeds. After making the minimum deposit, traders can start executing trades and take full advantage of its offerings.
When it comes to trading fees, IC Markets ensures transparency in its commissions for Germany. Spreads begin at 0 pips, and the Raw Spread accounts charge a $7 commission per lot. This makes the broker a good choice for all types of traders, from beginners to professionals.
Traders Union analysts reviewed IC Markets for German traders through their detailed evaluation method. By examining each feature individually, they gave a score to show the broker’s suitability for traders in Germany.
Traders Union analysts analyzed the key features of IC Markets for traders from Germany. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for IC Markets traders from Germany
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of IC Markets trading conditions for traders from Germany. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
For those wondering, "Can I use IC Markets in Germany?"—the answer is yes. IC Markets legally provides its services to German traders under its EU-regulated entity, ensuring compliance with European financial laws.
IC Markets supports Forex trading in Germany, offering access to major and exotic currency pairs with competitive spreads and high execution speeds. With platforms like MetaTrader and cTrader, traders can benefit from advanced charting tools and automated trading options.
Trading conditions for IC Markets traders
| Trading platform: | MetaTrader 4, MetaTrader 5, TradingView and cTrader |
|---|---|
Accounts: |
Demo, Standard, Raw Spread and Islamic (Swap Free) |
Account currency: |
EUR, USD, GBP, CAD, AUD, HKD, NZD, CHF, SGD, and JPY |
Replenishment/Withdrawal: |
All countries: Wire transfers, Visa, Mastercard, Skrill, PayPal, Neteller, RapidPay, and Klarna; Restricted methods: UnionPay, POLI, Fasapay, BPAY, internet banking (Thailand and Vietnam), WebMoney, and Broker to Broker |
Minimum deposit: |
$200 |
Leverage: |
1:500 (FSA); 1:30 (ASIC and CySEC) |
PAMM-accounts: |
|
Min order: |
0.01 |
Spread: |
Standard: 0.8 pips; Raw Spread: 0 pips; |
Instruments: |
Cryptos and Forex CFDs on indices, commodities, stocks, bonds, and futures |
Margin call/ top out: |
50%/100% |
Liquidity provider: |
Westpac and National Australia Bank |
Mobile trading: |
|
Affiliate program: |
|
Orders execution: |
Market |
Trading features: |
Scalping and expert advisors; Maximum number of orders is 200 for MT4/MT5; and 2,000 for cTrader. |
Contests and bonuses: |
Rebates for the Global division; Free VPS. |
IC Markets commissions and fees
Traders Union analysts analyzed the pricing structure of IC Markets, focusing on the fees and commissions for Germany-based traders. They looked into all trading-related and extra costs to understand how the broker handles pricing.
For those holding an IC Markets funded account in Germany, the broker offers access to all its trading features. This includes low-latency execution, tight spreads, and advanced trading tools. After depositing funds, traders can start using MetaTrader or cTrader to execute their strategies with ease.
As for costs, IC Markets commissions for Germany are among the most competitive. The broker provides transparent pricing with low spreads and fixed commissions on ECN accounts, making it a great option for traders looking to save on costs while enjoying favorable Forex trading conditions.
Information
Trading fees include spreads, fees per lot, and swaps. IC Markets has variable spreads from 0.8 pips on Standard and from 0 pips on ECN account types. Therefore, fees for one instrument can vary subject to the time of day and the market situation. Fees per lot are charged only on ECN account types. They are $7 per lot on MT4/MT5 and $6 on cTrader. Swaps are charged when positions are transferred overnight, but they do not apply to the Islamic account type. Non-trading fees are fees not related to trades. At IC Markets, these are withdrawal fees when using international bank transfers. The broker doesn’t charge other non-trading fees.
TU experts have compared IC Markets’ fees to those of other brokers and compiled the comparative table below.
IC Markets commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
Standard |
$8 |
Bank fees apply |
Raw spread MT4/MT5 |
$0 |
Bank fees apply |
Raw spread cTrader |
$0 |
Bank fees apply |
Islamic |
$0 |
Bank fees apply |
Conclusion
IC Markets is a reliable and well-regulated broker for traders in Germany, offering competitive spreads, advanced platforms, and fast execution speeds. The broker operates under European financial regulations, ensuring transparency and security. With a minimum deposit of $200, traders can open a funded account in Germany and access a wide range of instruments.
IC Markets’ low trading fees and ECN execution make it an attractive choice for both beginners and professionals. Whether you prefer scalping, algorithmic trading, or long-term investing, the broker provides a strong infrastructure for success. For German traders looking for a trusted Forex broker, IC Markets remains a top choice.
FAQs
Is IC Markets legal in Germany?
Yes. IC Markets operates legally in Germany. The broker holds the necessary licenses.
Can you learn trading with IC Markets? Does the broker offer courses for traders from Germany?
Yes, IC Markets offers good trading courses and a lot of educational information for clients from Germany.
Can IC Markets be trusted? Has the broker been operating in Germany long?
IC Markets has been operating in Germany quite long and has a good reputation. Therefore, traders can work with IC Markets.
Is IC Markets suitable for novice traders from Germany?
Yes. IC Markets offers optimal trading conditions and good education for beginners from Germany.
How efficient is IC Markets customer support in Germany?
IC Markets offers a sufficient number of ways to contact customer support in Germany, and also provides support in the state language.
Has IC Markets had any incidents involving theft of funds of clients from Germany?
No. IC Markets provides reliable security of funds of clients from Germany.
Will I be able to file a lawsuit in Germany if IC Markets violates my rights?
Yes. If IC Markets violates your rights, you can file a complaint with the regulator of Germany, and then with a court.
Can IC Markets clients from Germany use the broker’s mobile app?
Yes. The mobile app of IC Markets is available for the clients from Germany.
Does IC Markets provide Germany market analysis?
Analysis of Germany is featured in the information provided by IC Markets.
How can I withdraw funds from my account at IC Markets in Germany?
IC Markets supports bank transfers and debit/credit cards of the banks operating in Germany.
Related Articles
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Also, Oleg became a member of the National Union of Journalists of Ukraine (membership card No. 4575, international certificate UKR4494).
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).