IC Markets
IC Markets is a globally renowned Australian-based ECN broker, highly favored by algorithmic and high-volume traders for its tight spreads, low latency, and superb execution speed. It offers trading on a wide range of asset classes across MT4, MT5, and cTrader platforms.
Expert Review & Analysis
Our Take
IC Markets perfectly caters to algorithmic traders, scalpers, and institutional clients. Their business model revolves around acting as a true ECN/NDD broker, aggregating liquidity from over 50 different banking and dark pool providers to offer razor-thin spreads (frequently 0.0 pips on EUR/USD). Unlike market makers, IC Markets doesn't trade against its clients; they earn their revenue purely from commissions and markups. This alignment of interest, combined with enterprise-grade server infrastructure located in NY4 and LD5 Equinix data centers, makes them our top choice for automated trading.
Trading Conditions
The trading conditions are exceptionally competitive. Raw spread accounts feature near-zero spreads with a low commission of $3.50 per lot per side. Trade execution speeds consistently average under 40ms, effectively minimizing slippage during high-impact news events.
Pros
- •True ECN trading environment with no dealing desk intervention
- •Consistently low spreads reaching 0.0 pips on major pairs
- •Top-tier liquidity and enterprise server colocation (NY4 data center)
- •Unrestricted trading (scalping, hedging, and high-frequency algorithms allowed)
Cons
- •Lack of proprietary trading platform (relies entirely on MT4/MT5 and cTrader)
- •Customer support can sometimes have longer queue times during peak hours
Verified Test Metrics
Account Types
Raw Spread (MT4/MT5)
ECN Account
Deep liquidity and ultra-low spreads directly from liquidity providers.
Raw Spread (cTrader)
ECN Account
Best for traders seeking high-speed execution and lower commissions.
Standard
STP Account
Zero commissions with spreads from 0.6 pips.
Regulation & Legal Entities
Raw Trading Ltd
Seychelles
F20, 1st Floor, Eden Plaza, Eden Island, Seychelles
IC Markets Ltd
Bahamas
Not specified
International Capital Markets Pty Ltd
Australia
Level 4, 50 Carrington Street, Sydney NSW 2000, Australia
Trading Platforms
MetaTrader 4
Desktop, Mac, iOS, Android, Web
MetaTrader 5
Desktop, Mac, iOS, Android, Web
cTrader
Desktop, iOS, Android, Web
TradingView
Web, Mobile
Trading Instruments
Fees & Pricing
↓ Deposits
↑ Withdrawals
⏸ Inactivity
Deposit Methods
Execution Technology
Trading Features
Awards & Recognition
Restricted Countries
IC Markets does not accept clients from the following countries:
Server Infrastructure
Server Locations
Hosting & Connectivity Providers
Quick Info
Support
Company Stats
VPS Hosting
Free VPS: Minimum 15 lots (round turn) traded per month
Last verified: 2026-02-04
Frequently Asked Questions about IC Markets
Everything you need to know about the broker's trading conditions
Is IC Markets a regulated broker?
Yes, IC Markets is regulated by multiple authorities including FSA in Seychelles, SCB in Bahamas and ASIC in Australia, providing a secure trading environment for its clients.
What is the minimum deposit required for IC Markets?
The minimum deposit requirement to open an account with IC Markets is $200.
What is the maximum leverage offered by IC Markets?
IC Markets offers a maximum leverage of up to 500:1 for retail traders, though this may vary based on your jurisdiction and the entity you register with.
Which trading platforms does IC Markets support?
IC Markets provides access to global markets through MetaTrader 4, MetaTrader 5, cTrader, TradingView.