IC Markets

IC Markets, founded in 2007 in Sydney, built its reputation on raw-spread ECN execution. This review is editor-curated from IC Markets' official materials and long-published account documentation; confirm current terms on icmarkets.com for your entity.

Accounts and Costs

• Raw Spread account: spreads from 0.0 pips with a commission around $3.50 per lot per side; the usual choice for scalpers and EAs.
• Standard account: commission-free with spreads from around 1.0 pip.
• Minimum deposit: $200 as commonly published.
• Markets: 60+ currency pairs plus indices, commodities, bonds, and crypto CFDs.

Platforms and Automation

MT4, MT5, cTrader, and TradingView are all supported — one of the broadest platform lineups among raw-spread brokers. EAs, cBots, and copy trading are permitted, making IC Markets a frequent choice for systematic traders.

Regulation and Leverage

IC Markets operates through multiple entities — ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles) among them. Leverage differs sharply by entity: retail clients under ASIC/CySEC caps get up to 30:1, while the global entity advertises substantially higher limits (up to 500:1–1000:1 depending on instrument and entity). Know which entity you sign up with before relying on high leverage.

Verdict

A strong default for raw-spread trading and automation. The trade-offs are commission costs on Raw accounts and entity-dependent leverage and protections.

Figures are editor-curated; verify on the official site for your jurisdiction before funding.