IC Markets Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. IC Markets delivers an impressive range of social copy-trading platforms and platform plugins, and the broker’s research and educational offerings have recently improved to become more competitive with its industry peers.
-
Minimum Deposit:
$200 -
Trust Score:
83 -
Tradeable Symbols (Total):
3583
| Range of Investments | |
| Trading Fees | |
| Trading Platforms | |
| Research | |
| Mobile Trading | |
| Education |
Check out ForexBrokers.com's picks for the best forex brokers in 2026.
| #1 Algo Trading | Winner |
| #1 MetaTrader | Winner |
| 2026 | #21 |
| 2025 | #20 |
| 2024 | #21 |
| 2023 | #20 |
| 2022 | #16 |
| 2021 | #17 |
| 2018 | #23 |
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Table of Contents
IC Markets pros & cons
Pros
- Competitive pricing and low average spreads.
- 3,500+ tradeable symbols and powerful algo trading support across platforms.
- Award-winning MetaTrader broker with integrated third-party plugins.
Cons
- Educational content and research still have room for improvement.
- No proprietary forex trading app.
- Share trading is limited to Aussie stocks via IC Shares.
My top takeaways for IC Markets in 2026:
- IC Markets’ scalable execution makes it a perfect fit for traders who want to run algorithmic strategies.
- Third-party research and trading tool plugins helped IC Markets again win our 2026 Annual Award for #1 MetaTrader broker.
- IC Markets' multi-platform offering also includes MetaTrader 5, cTrader, and TradingView, making it a great choice for algorithmic trading.
- Traders looking for copy trading platforms will appreciate the IC Social mobile app (powered by Pelican Exchange) as well as the newly launched Signal Start platform.
Trust score
Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.
Is IC Markets safe?
IC Markets is considered Trusted, with an overall Trust Score of 83 out of 99. IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by two Tier-1 regulators (high trust), zero Tier-2 regulators (average trust), zero Tier-3 regulators (Average Risk), and three Tier-4 regulators (High Risk). IC Markets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system. Learn more about Trust Score or see where the different IC Markets entities are regulated.
| Feature |
|
|---|---|
| Year Founded | 2007 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 0 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 3 |
Range of investments
IC Markets offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities. The table below summarizes the different investment products available to IC Markets clients.
Cryptocurrency: Cryptocurrency trading is available at IC Markets through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
| Feature |
|
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 3583 |
| Forex Pairs (Total) | 61 |
| U.S. Stocks (Shares) | No |
| Global Stocks (Non-U.S. Shares) | Yes |
| Copy Trading | Yes |
| Cryptocurrency (Underlying) | No |
| Cryptocurrency (CFDs) | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
IC Markets fees
Considering the small effective spreads and the low deposit requirement for its commission-based accounts, IC Markets’ trading costs rival the best low-cost forex brokers, such as IG and CMC Markets. As a result, IC Markets earned Best in Class honors in the Trading Fees category of our 2026 Annual Awards.
Global entity: Spreads at IC Markets vary depending on the trading platform you use, your account type, and your chosen IC Markets entity. IC Markets has three regulatory entities available: European (based in Cyprus), Australian, or its offshore entity based in Seychelles.
Account types: IC Markets offers three account options: the commission-free Standard account (spread only), and the commission-based Raw Spread and cTrader Raw Spread accounts.
cTrader versus MetaTrader accounts: The cTrader Raw Spread and the IC Markets (MT4 or MT5) Raw Spread accounts have a near-identical commission structure. The difference in pricing between the two comes down to platform choice. The cTrader-linked account commission is lower by about a tenth of a pip, at $3.0 per side for every 100,000 units, or $6.00 per RT. The Raw Spread account, which uses MT4 or MT5, charges $3.5 per side for every 100,000 units (1 standard lot) or $7.00 per round turn (RT).
Effective spreads: IC Markets lists its average spread on the EUR/USD at 0.02 pips (October 2025). After adding the commission equivalent of 0.6 pips for the cTrader account, the all-in cost comes to 0.62 pips (or 0.72 on MetaTrader in the Raw Spread account) – which is competitive. Alternatively, the Standard account lists an average spread of 0.62 pips and is commission-free, making it an attractive option.
Active traders: IC Markets offers discounts to traders that trade over 100 standard lots per month.
Agency and dealer execution: IC Markets provides execution on an agency basis, which means orders may be subject to positive or negative slippage – there are no requotes and no instant execution. That said, IC Markets is still considered a dealer and counterparty to your trade. Though it routes orders to nearly two dozen liquidity providers, it does not hedge all trades and thus does manage some risk as a counterparty (dealing desk).
| Feature |
|
|---|---|
| Minimum Deposit | $200 |
| Average spread (EUR/USD) - Standard account | 0.62 |
| All-in Cost EUR/USD - Active | 0.62 |
| Non-wire bank transfer | No |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile trading apps
IC Markets provides mobile apps for the four platforms it offers – MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView – all of which come standard for iOS and Android. The lineup is great for algorithmic trading; however, it should be noted that the leaders in mobile trading, like IG, Saxo, and CMC Markets, all offer proprietary trading apps.

IC Markets' cTrader mobile app showing a chart in fullscreen mode with indicators overlayed.
Tools comparison: The MetaTrader, cTrader, and TradingView mobile apps have similar functionality and charting. The platform you choose will likely depend on whether you trade manually or use desktop platforms for automated trading systems.
Algorithmic trading: Automated trading is not possible with the mobile versions of the cTrader, MetaTrader or TradingView platforms. That means they are primarily useful for managing existing positions or manually opening new trades. Mobile copy trading is available with supported third-party platforms such as ZuluTrade and IC Social (powered by Pelican).
| Feature |
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Price Alerts | Yes |
| Mobile Watchlists - Syncing | No |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Research - Economic Calendar | Yes |
| Mobile Charting - Indicators / Studies | 30 |
Trading platforms
IC Markets has strengthened its position as an excellent choice for algorithmic traders thanks to the availability of the MetaTrader, cTrader, and TradingView platforms. IC Markets also delivers robust execution methods (i.e., no requotes) and the ability to place orders within the spread.
IC Markets was our pick for the #1 MetaTrader broker for our 2026 Annual Awards. Want to learn more about MetaTrader? Read our full MetaTrader guide, and check out our MetaTrader 5 (MT5) guide if you want to dive deep into the newest version of the MetaTrader platform.
Platforms overview: IC Markets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms developed by MetaQuotes Software Corp., alongside the cTrader platform developed by Spotware Systems. Additional add-ons available for MetaTrader clients include the Advanced Trading Tools package for the desktop version, along with plugins from Autochartist and Trading Central. While these third-party plugins must be installed separately, their ability to enhance the MetaTrader experience makes them worth the extra effort. Last but not least, IC Markets recently launched the popular TradingView platform, which is available for desktop and web, and supports both algorithmic trading and backtesting.
Charting: Charts on MetaTrader and cTrader are excellent, with a good variety of default indicators pre-installed and an even larger array available from third-party providers. The IC Markets cTrader platform offering includes both the web-based and desktop versions. Likewise, TradingView is renowned for its Supercharts.

The fullscreen layout of the IC Markets' cTrader desktop trading platform.
MetaTrader Tools: IC Markets provides access to the Advanced Trading Tools package, which is a suite of platform add-ons developed by FX Blue. IC Markets also provides installable third-party plugins from Trading Central and Autochartist.
Algorithmic trading: The desktop version of MetaTrader supports algorithmic trading, and the cTrader suite includes trading applications such as cAlgo for automated trading, and cTrader Copy for social copy trading. IC Markets is popular with serious algorithmic traders due to its low cost and execution methods, and its support for Virtual Private Servers (VPS). Likewise, TradingView supports backtesting and algorithmic trading on both its desktop and web app.
Interested in learning about algo trading and high-frequency trading systems?
Check out my high-frequency trading guide or my guide to the best algo trading software.
VPS services: For traders that complete at least 15 standard lots, IC Markets offers several free third-party Virtual Private Servers (VPS) services for hosting client algorithms.
Social copy trading: In addition to cTrader Copy and the native Signals market from MetaTrader, IC Markets offers the Myfxbook (AutoTrade) and ZuluTrade platforms for copy trading across its global brands. IC Markets recently launched IC Social, a mobile-only app powered by Pelican Exchange. This additional social-copy trading platform is available in select regions from IC Markets' Seychelles entity.
| Feature |
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Desktop Trading Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Copy Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Charting - Trade From Chart | Yes |
Research
IC Markets continues to improve its research content with the evolution of its IC Your Trade series, which features high-quality video content and accompanying articles.
Research overview: IC Markets posts several articles each day on its blog, including a technical and fundamental forecast. I found the quality of the research content to be pretty standard, though not quite as rich as what you see from industry leaders such as IG and Saxo. It's worth mentioning that the quality of content has improved year-over-year, including within the IC Your Trade podcast series.
Market news and analysis: IC Markets delivers in-house technical and fundamental analysis content by way of its blog, and provides daily updates in its market analysis section. There are videos from Trading Central and short clips that recap market events under the Web TV section, as well as live trading sessions posted to the IC Markets YouTube channel.

An example of a webinar covering market analysis, specifically alternatives to the gold market, on the IC Markets' YouTube channel.
| Feature |
|
|---|---|
| Daily Market Commentary (Articles) | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Autochartist | Yes |
| Trading Central | Yes |
| Client sentiment data | Yes |
Education
IC Markets has a good range of content for beginner as well as advanced traders, with over 100 written articles and dozens of videos. However, content is not organized by experience level, and there is no progress tracking or quizzes, which are features I’ve come to expect from the best forex brokers for beginners.

Educational content on IC Markets includes blog articles ranging from a guide to RSI to how to value stocks.
Learning center: The educational content at IC Markets is organized into six series, such as Forex Trading 101 and Trading Plan 101. The quality of the articles are a touch above the industry average. IC Markets has also created a podcast series known as “IC Your Trade”, and has a YouTube channel that hosts a catalog of archived webinars.
Steven's expert take
"IC Markets still has room to enhance its educational offering by developing courses that feature progress tracking and quizzes, and by adding the ability to filter content by experience level. I'd also like to see IC Markets expand the number of available learning materials."
| Feature |
|
|---|---|
| Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
Final thoughts
IC Markets appeals primarily to algorithmic traders that use the MT4, MT5, or cTrader platforms, and who need agency execution coupled with competitive spreads and low commissions.
Catering to high-frequency traders helps IC Markets achieve significantly higher trading volumes relative to its peers, as automated trading strategies can typically do higher turnover than manual traders. These factors helped IC Markets win first place in both the MetaTrader and Algo Trading categories in 2026.
Access to third-party social trading services like Myfxbook and ZuluTrade helps to round out IC Markets’ overall offering and make it appealing to retail forex and CFD traders and helping it finish best in class for both Social Copy Trading, as well as in the Commissions & Fees category. I generally do not recommend IC Markets unless you are an algorithmic trader or if your manual trading strategy is spread-sensitive.
IC Markets Star Ratings
| Feature |
|
|---|---|
| Overall Rating |
|
| Trust Score | 83 |
| Range of Investments |
|
| Trading Fees |
|
| Trading Platforms |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
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Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
How we tested
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
- For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
Article Resources
IC Markets Regulation, IC Markets Education, IC Markets YouTube channel
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Steven Hatzakis February 09, 2026About IC Markets
With servers in New York (Equinix NY4) and London (Equinix LD5), IC Markets has positioned itself as an agency broker that caters to scalpers and high-frequency algorithmic traders who require low latency and fast execution. Founded in 2007, IC Markets’ monthly trading volume surpassed $1.39 trillion in June 2023 across over 200,000 clients within its related brands (IC Markets and IC Trading). IC Markets has 260 employees, according to its Wikipedia page.