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 Markets Pros & Cons
- Availability of three licenses;
- Wide range of assets;
- Standard and ECN account types for trading on different platforms;
- Mobile apps for Android and iOS-based devices;
- Scalping, hedging, and algorithmic trading are allowed;
- Minimum delay when executing orders and ultra-fast market execution;
- Competitive trading fees;
- Wide choice of social trading and copy trading platforms;
- 24/7 support via live chat;
- Demo accounts on MT4, MT5, and cTrader;
- Swap-free accounts are available for Muslim traders.
- Education materials available are not very informative;
- Rebates are available outside Australia and the European Economic Area;
- Not all clients are equally protected.
TU Expert Verdict
I can confidently recommend IC Markets — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Brokers Traders Prefer
IC Markets User Reviews
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5-star
42%
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4-star
46%
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3-star
12%
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2-star
0%
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1-star
0%
Response time sometimes slow during peak hours, requiring improvement for a better user experience.
Temps de réponse parfois lent pendant les heures de pointe, nécessitant une amélioration pour une meilleure expérience utilisateur.
I've been trading with IC Markets for some time now, and what keeps me coming back are the ultra-tight spreads. I trade mainly during large market sessions, and spreads on EUR/USD often reach close to 0 pip. Execution speed is excellent, with no noticeable slippage during high-volatility events. I also appreciate the platform's security features, such as two-factor authentication (2FA), which give me added reassurance. The only improvement I would suggest would be to speed up customer support during peak hours.
Je trade avec IC Markets depuis un certain temps, et ce qui me fidélise, ce sont les spreads ultra-serrés. Je trade principalement pendant les grandes sessions de marché, et les spreads sur l’EUR/USD atteignent souvent près de 0 pip. La vitesse d’exécution est excellente, sans glissement notable lors des événements à forte volatilité. J’apprécie également les fonctionnalités de sécurité de la plateforme, comme l’authentification à deux facteurs (2FA), qui me rassurent davantage. La seule amélioration que je proposerais serait d’accélérer le support client pendant les heures de pointe.
However, the platform has been known to slow down during major events, which can be frustrating when timing is crucial.
Cependant, il est arrivé que la plateforme ralentisse lors d'événements majeurs, ce qui peut être frustrant lorsque le timing est crucial.
I've been using IC Markets for some time now, and what strikes me most is the fluidity of the trading platform. The interface is simple and not overloaded with unnecessary functions, which I appreciate as someone who likes to concentrate on trading without distraction. I mainly trade currencies and indices, and switching from one market to the other is seamless. What I particularly appreciate is the speed of execution. I rarely experience slippage, even during volatile market hours, which has enabled me to get better entries on trades. However, there have been occasions when the platform slows down during major events, which can be frustrating when timing is crucial. The charting tools are robust, offering customizable indicators and multiple time periods.
J'utilise IC Markets depuis un certain temps maintenant, et ce qui me frappe le plus, c'est la fluidité de la plateforme de trading. L'interface est simple et n'est pas surchargée de fonctions inutiles, ce que j'apprécie en tant que personne qui aime se concentrer sur le trading sans distraction. Je négocie principalement des devises et des indices, et le passage d'un marché à l'autre se fait en toute transparence.
Ce que j'apprécie particulièrement, c'est la rapidité d'exécution. Je suis rarement confronté au slippage, même pendant les heures de volatilité du marché, ce qui m'a permis d'obtenir de meilleures entrées sur les transactions. Cependant, il est arrivé que la plateforme ralentisse lors d'événements majeurs, ce qui peut être frustrant lorsque le timing est crucial.
Les outils graphiques sont robustes, offrant des indicateurs personnalisables et plusieurs périodes de temps.
No notable weaknesses.
No notable weaknesses.
What I like most about IC Markets is the simplicity of deposits and withdrawals. They offer several payment methods, and withdrawals arrive in my account faster than expected. I chose their Raw Spread account, and the low spreads combined with competitive commissions suit me well. However, I think their educational content could be improved. There are guides and videos, but they seem pretty basic for anyone beyond the beginner level. Even so, from a trading point of view, the essentials are well covered.
Ce que j’apprécie le plus chez IC Markets, c’est la simplicité des dépôts et des retraits. Ils offrent plusieurs méthodes de paiement, et les retraits arrivent sur mon compte plus rapidement que prévu. J’ai choisi leur compte Raw Spread, et les spreads bas combinés à des commissions compétitives me conviennent bien. Cependant, je pense que leur contenu éducatif pourrait être amélioré. Il y a des guides et des vidéos, mais ils semblent assez basiques pour quiconque dépasse le niveau débutant. Malgré cela, d’un point de vue trading, l’essentiel est bien couvert.
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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 Markets 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 Markets Safe?
We checked the IC Markets officeScore: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 criteria9.9 /10IC Markets has a safety score of 9.9/10, which corresponds to a High 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.
- Tier-1 regulated
- Negative balance protection
- Track record over 19 years
- Strict requirements and extensive documentation to open an account
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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.8.3 /10IC Markets offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Exclusive VIP account with enhanced trading conditions
- Swap Free (Islamic) account
- Tight spread ECN account
- No Cent account
- Micro lots are not available
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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 methodology8 /10IC Markets 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 criteria8.8 /10IC Markets offers a wider selection of trading assets than the market average, with over 2250 tradable assets available, including 61 currency pairs.
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Trading Account Opening
We successfully registered an account with IC Markets in 30 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at IC Markets is $200.Score:We evaluated Trading Account Opening at IC Markets 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.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria9.9 /10IC Markets received a score of 9.9/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria6 /10 -
Customer Support
Score:We evaluated Customer Support at IC Markets 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 criteria7.2 /10
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IC Markets Video Guides
FAQs
How is IC Markets regulated and what safety measures are mentioned in the reviews section?
IC Markets has a safety score of 9.9/10 and is described as having a High security level, supported by Tier-1 regulation, negative balance protection, and a track record since 2007. It is regulated by CySEC and ASIC (both Tier-1), as well as the FSA in Seychelles and The Financial Commission (both Tier-3), with investor compensation up to €20,000 mentioned for CySEC and The Financial Commission. Verification (KYC) is required, and where no specific investor compensation fund exists, the section notes that regulators apply other consumer protection measures.
What commissions and trading fees does IC Markets charge on its forex accounts?
The review rates IC Markets’ overall fee level as low, with a fees score of 8/10, and highlights tight EUR/USD spreads, no inactivity fee, and no deposit or withdrawal fees. On Standard accounts, trading costs are built into floating spreads, typically 0.8–1.0 pips for EUR/USD and 0.8–1.1 pips for GBP/USD, while RAW/ECN accounts show average spreads of 0.1 pips for EUR/USD and 0.2 pips for GBP/USD plus a $3.5 commission per lot. Non-trading fees are listed as 0% for deposits and withdrawals, with no fixed withdrawal charge and no monthly inactivity fee.
What do IC Markets user reviews and feedback say about overall satisfaction levels?
The user satisfaction score for IC Markets is 8.6/10, based on 358 user reviews and 5,961 users choosing this broker. According to user reviews, 42% are 5-star and 46% are 4-star, with 12% giving 3 stars and no 1- or 2-star ratings reported, indicating that feedback is mostly positive in this section. The review summary characterizes the overall tone of user opinions as generally favorable.
What deposit and withdrawal options and limits are highlighted in IC Markets reviews?
The section states that IC Markets offers a basic range of funding methods, including bank cards, bank wire, PayPal, Skrill, and Neteller, with no withdrawal fee and support for bank card deposits and withdrawals. Disadvantages mentioned include the lack of BTC payments, limited flexibility in funding options, and BTC not being available as a base account currency. The minimum deposit is listed as $200 and the minimum withdrawal as $1, with a note that these amounts may vary by account type and payment method.
How is IC Markets customer support described in user-oriented feedback?
Customer support at IC Markets is rated with a safety score of 7.2/10, described as generally reliable with several contact channels, though occasional delays are noted. Support is available via telephone (including call-back), 24/7 live chat, email, and social networks such as Facebook, X, Instagram, and LinkedIn, and is offered in over 10 languages. The section also mentions that initial live chat contact is through a bot and that chat operators do not respond to all questions about trading conditions.
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