Key Takeaways

  • Competitive trading costs - low spreads and commissions.
  • Fast execution speeds and low latency.
  • Regulated in Australia, Europe and Seychelles.
  • High customer ratings.

IC Markets Overall rating

Overall rating is an average of ratings from experts in 4 categories.
User rating

We begin our IC Markets review outlining the best features of this very popular CFD broker. IC Markets is a very reputable choice for traders looking for a highly regulated broker - in Australia and in the EU - and above all, for those looking for a CFD broker with low trading costs. Also, a positive note for their excellent ECN environment trading conditions, with fast execution speeds, and low spreads.

On the downside, the IC Markets customer support service is not so popular with traders, perhaps due to inadequate training.

IC Markets Regulation / Money Protection

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
International Capital Markets Pty Ltd 30 : 1
IC Markets (EU) Ltd up to €20,000 30 : 1
Raw Trading Ltd 500 : 1

Opening a trading account with IC Markets is possible with any of its three entities. The Seychelles entity serves the international clientele, and traders looking for a higher leverage ratio. Traders can also choose to open an account with the ASIC entity and the CySEC entity, regulated according to the ESMA rules. Let's see the regulations of each entity separately:

International regulation
: Raw Trading Ltd will be the counterparty for international customers. This entity is registered in the Seychelles with company number 8419879-2 and trading as IC Markets (SC). Raw Trading Ltd is regulated by the Financial Services Authority of Seychelles (FSA) with a Securities Dealer Licence.

Australia regulation: International Capital Markets Pty Ltd, with ACN 123 289 109, and trading as IC Markets, is licensed by the Australian Securities & Investments Commission (ASIC). International Capital Markets Pty Ltd is registered to carry out financial services business in Australia, limited to the financial services covered by its AFSL licence. The trading name, IC Markets, used by International Capital Markets Pty Ltd, is also used by the other entities.

Europe regulation: IC Markets (EU) Ltd is registered as a Cyprus Investment Firm (CIF), and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). IC Markets (EU) Ltd registered office is at 141 Omonoias Avenue, The Maritime Centre, Block B, 1st floor, 3045 Limassol, Cyprus. The CySEC licence allows IC Markets (EU) Ltd to carry out brokerage activities in Europe, as an intermediary in the financial markets, respecting the MiFID obligations.

Client Money Protection

IC Markets complies with the highest safety standards for client's funds. For this reason, IC Markets client's funds are kept in top-tier international banks, such as the National Australia Bank (NAB) and the Westpac Banking Corporation (Westpac), fully segregated from the company’s funds.

IC Markets also complies with strict client money handling rules and employs policies and procedures regarding the maintenance and operation of these accounts. IC Markets holds client's money separately to the company funds and does not use these funds for any operational expenses or purposes.

Deposit Compensation

IC Markets (EU) Ltd is a member of the Investment Compensation Fund (ICF), an investor compensation fund for clients of CIF registered companies, supervised by the Cyprus Securities and Exchange Commission, and regulated by the directive DI87-07 of the CySEC.

If IC Markets (EU) Ltd is unable to meet its financial obligations, clients might be entitled to compensation - up to the value of €20,000 per claim - irrespective of the number of accounts held, deposit currency and place of offering of the investment service (within Europe).

Negative Balance Protection

European clients of IC Markets (EU) Ltd, and Australian clients of International Capital Markets Pty Ltd, can enjoy an extra layer of protection, as both entities have a default Negative Balance Protection (NBP) mechanism in place.

With Negative Balance Protection, IC Markets clients are protected, in case of extreme market volatility, from any losses bigger than their account equity balance.

For accounts opened with Raw Trading Ltd (Seychelles), NBP is not offered to prevent clients from keeping their accounts balance below zero, meaning, that in extreme market volatility and without an adequate stop loss in place, a losing trading position can cause a negative account balance.

Professional Indemnity Insurance

Customers of International Capital Markets Pty Ltd - IC Markets Australia - are also protected by a Professional Indemnity Insurance, maintained with the Lloyd's of London. Customers of Raw Trading Ltd (Seychelles) can also enjoy an extra layer of protection offered by the Professional Indemnity Insurance maintained with H Savy Insurance Co Ltd Seychelles.

IC Markets Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard Raw Spread cTrader Raw
ForexFX Majors: 0.20 Pips
FX Others: 0.30 Pips
21.50% Of Commissions Paid$0.60 Per 100K USD Traded
Metals0.30 Pips21.50% Of Commissions Paid$0.60 Per 100K USD Traded
OtherNo Rebates Paid
Payment Options
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in. Real-time reports delivered to your profile dashboard update every 10 minutes (MT4) or once daily (MT5)
Commission reduction
By opening your account through us you'll trade on lower commissions!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in. Real-time reports delivered to your profile dashboard update every 10 minutes (MT4) or once daily (MT5)
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Commission reduction
By opening your account through us you'll trade on lower commissions!
Forex FX Majors: 0.20 Pips
FX Others: 0.30 Pips
Metals 0.30 Pips
Other No Rebates Paid
Payment Options
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in. Real-time reports delivered to your profile dashboard update every 10 minutes (MT4) or once daily (MT5)
  Raw Spread
Forex 21.50% Of Commissions Paid
Metals 21.50% Of Commissions Paid
Other No Rebates Paid
Payment Options
Commission reduction
By opening your account through us you'll trade on lower commissions!
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in. Real-time reports delivered to your profile dashboard update every 10 minutes (MT4) or once daily (MT5)
  cTrader Raw
Forex $0.60 Per 100K USD Traded
Metals $0.60 Per 100K USD Traded
Other No Rebates Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Commission reduction
By opening your account through us you'll trade on lower commissions!


Rebates are not paid for: 
  • Accounts registered with CySEC, Bahamas SCB entities.
  • Residents of the Republic of Cyprus.

What are IC Markets rebates?

IC Markets rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do IC Markets rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much IC Markets rebates can I earn?

Use our forex rebate calculator to estimate your IC Markets rebate earnings:

You must enter a valid number

Are IC Markets rebates a scam; do my spreads increase?

IC Markets rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for IC Markets rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

IC Markets Profile

Company Name International Capital Markets Pty Ltd
Year Founded 2007
Headquarters Australia
Office Locations Australia, China
Account Currency AUD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD
Client funds bank National Australian Bank (NAB), Westpac Banking Corporation
Support Languages Arabic, Chinese, English, French, German, Indonesian, Italian, Korean, Portuguese, Russian, Spanish, Thai, Vietnamese, Czech
Funding Methods Bank Wire, Broker to Broker, China Union Pay, Credit Card, Neteller, Paypal, Skrill (Moneybookers), Webmoney
Financial Instruments Futures, Forex, Shares, Indices, Bonds, Oil/Energies, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...)
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Interest on margin
Fixed spread
Variable spread

Established, and incorporated, in Sydney, Australia, in 2007, by a team of professionals in the financial services industry, IC Markets is currently Australia's largest CFD and forex brokerage services provider.

As a CySEC, and ASIC regulated entity, IC Markets is required to meet strict financial standards. These include capital adequacy and audit requirements. Built by traders for the traders, IC Markets is dedicated to offering unbeatable trading costs with its Raw Spread accounts and low spreads, fast execution speeds, all in a great ECN trading environment.

With a global presence IC Markets is a CFD broker providing trading solutions for active day traders, scalpers and beginners. This Australian-based broker offers its customers a good choice of trading platforms, competitive trading costs, low latency connectivity and superior liquidity. IC Markets customer support is available in 14 languages, operational 24 hours/ 7 days a week, via live chat, email and contact form.

Trading with IC Markets can be done with the Metatrader 4 and MetaTrader 5, both available as desktop terminals, and complemented with the mobile versions for Android and iOS. Investors can also choose to trade with the more advanced cTrader, available for traders opening a cTrader Raw Spread account.

IC Markets Asset classes

As an online CFD broker, IC Markets offers an excellent selection of 1,750+ tradable financial instruments, divided in 7 asset classes: forex, indices, stocks, bonds, commodities, futures and cryptocurrencies.

FX market: 61 currency pairs, including all major pairs, and some minor and exotic crosses.

Indices: 25 world indices CFD, including the UK 100, S&P 500 and AUS 200.

Stocks: 1600+ stocks CFD from ASX, Nasdaq and NYSE, of worldwide top companies and banks, such as Apple Inc, BHP Hilton or Facebook.

Bonds: 11 bonds CFD based off highly rated government issued debt securities, including government bonds of the United States, Japan and Europe.

Commodities: 22 commodities CFD available for trading including 4 metals - Gold, Silver, Platinum and Palladium - 5 energies, with the UK Oil, US Oil and Nat Gas, and 7 soft commodities.

Futures: 4 futures contracts; DXY, VIX, WTI and Brent.

Cryptocurrencies: 13 cryptocurrencies CFD crosses available for trading versus the USD, including the BTC/USD, ETH/USD, LTC/USD, DSH/USD and EOS/USD.

IC Markets Account types

  Standard Raw Spread cTrader Raw
CommissionNone7.00 USD\7.00 AUD\5.00 GBP\5.50 EUR\9.00 SGD\54.25 HKD$3.00 Per Side Per 100K USD Traded
Maximum leverage500:1
Mobile PlatformMT4 MobilecTrader Mobile
Trading PlatformMT4, MT5, WebTradercTrader, WebTrader
Spread TypeVariable Spread
Minimum Deposit2001000
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Maximum leverage 500:1
Typical Spread 1.0-1.1
Trading platform MT4MT5WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 200
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Raw Spread
Commission 7.00 USD\7.00 AUD\5.00 GBP\5.50 EUR\9.00 SGD\54.25 HKD
Maximum leverage 500:1
Typical Spread 0.0-0.1
Trading platform MT4MT5WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 200
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  cTrader Raw
Commission $3.00 Per Side Per 100K USD Traded
Maximum leverage 500:1
Typical Spread 0.1
Trading platform cTraderWebTrader
Mobile platform cTrader Mobile
Spread type Variable Spread
Minimum deposit 1000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

IC Markets offers three types of trading accounts, Standard, Raw Spread and cTrader Raw Spread. The IC Markets Standard account is suited for traders that wish to trade only with the bid and ask prices, without any added commissions.

The IC Markets Raw Spread accounts (including cTrader) are recommended for investors that are looking for a more competitive pricing, especially for the forex pairs with a tighter spread (EUR/USD average spread of 0.2 pip and USD/JPY average spread of 0.14 pip for example), but paying a trading commission.

IC Markets also offers swap-free accounts for traders of Islamic belief and Multi Account Manager software (MAM) alternative for money managers. IC Markets MAM software is a trusted solution that has been used by money managers at IC Markets since 2012. If you are a money manager, click the following link to apply for an IC Markets MAM/PAMM account.

Regarding leverage, IC Markets maximum ratio is 30:1 for retail clients in Europe, and for clients of the ASIC regulated entity, and up to 500:1 for accounts opened with Raw Trading Ltd (Seychelles) entity.

Currently, IC Markets trading accounts are available in AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD and HKD.

IC Markets Demo account

With an IC Markets demo account traders can compare the broker to its peers, for its product offering and trading conditions. An IC Markets demo account is also useful for forex beginners, to learn and practise their trading skills, without taking any risks with real money.

To open an IC Markets demo account - takes around 30 seconds to complete - traders need to fill in a simple registration form, providing the broker with some basic information and do the demo account configuration. To open a demo, traders do not need to upload any verification document(s) to IC Markets, unless they are ready to open a live account.

IC Markets demo accounts are non-expiring, and the broker offers investors the chance to try out all of its account types, Raw Spread, Standard and cTrader Raw Spread, and all of its trading platforms (MT4, MT5 and cTrader).

IC Markets demo account gives traders the chance to test the broker's services and product offering on several financial instruments – forex, indices, stocks, commodities, bonds and 13 cryptocurrencies crosses, including Bitcoin - without risking any real money.

An IC Markets demo account is 100% risk-free, the funds (up to $100,000) on the demo account are virtual – including winnings and losses, of course – but it will allow access to a safe environment where traders can practice, and experiment with different trading strategies.

Register for free and test your trading strategies, open an IC Markets demo trading ;account with no risk and no obligation.

IC Markets Pricing

Account/Pricing Standard Raw Spread cTrader Raw Spread
EUR/USD Spread from 0.6 pip from 0.0 pip from 0.0 pip
EUR/USD Commission (1 lot) $0 from $7 from $6
EUR/USD Swap rate
  • Long: -5.45
  • Short: -0.12

Spreads and trading commissions

IC Markets trading costs are some of the best when compared with other players in this industry. The starting spread for the most popular cross, the EUR/USD pair, on the Standard account is 0.6 pip, commission free.

Of course, the highlight goes to IC Markets Raw Spread account, with much better pricing and trading conditions. Taking the EUR/USD cross again as our example, IC Markets proposes a starting low spread of 0.0 pip, with a trading commission for 1 standard lot - 100,000 currency units - of 7 USD (3.5 USD per side/per lot). We consider the Raw Spread account commission to be average when compared with other top brokers.

The cTrader Raw Spread account presents similar pricing, also a starting spread of 0.0 pip for the EUR/USD cross, with commission for 1 standard lot of 6 USD (3 USD per side/per lot per 100.000 USD traded).

If you are a trader looking for an alternative broker for cryptocurrencies trading, IC Markets can also represent an interesting option. Highly-regulated in Europe by the Cyprus CySEC, IC Markets (EU) Ltd offers customers, opening a Raw Spread account, the chance to profit from both BTC/USD rising and falling markets with competitive trading costs. Together with a low BTC/USD average spread of 42.03, investors can also trade Bitcoin CFD (and other cryptocurrencies) absolutely commission-free.

*Please note that, due to the UK's FCA regulations, cryptocurrency CFD are not available to UK retail clients.

Rollover rates

IC Markets swap rates as of 11-08-2021, and for the EUR/USD, stand at -5.45 for holding overnight a long position of 1 lot and at -0.12 for holding overnight a short position of 1 lot. We consider IC Markets rollover rates to be slightly higher when compared with the rollover rates offered by other top brokers.

IC Markets Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 10 different currencies and maintained via 15 different funding methods. With the traditional deposits via debit/credit cards and bank wires, IC Markets also accepts deposits with the most popular e-wallets such as Neteller, Skrill, and PayPal (subject to jurisdiction).

IC Markets does not charge any deposit fees, and deposited funds are available almost instantly.

Minimum deposit: Opening a trading account with IC Markets can be done online, taking around 10 minutes to complete the required forms. IC Markets minimum deposit requirement to open a live account is $200 for all accounts - or the equivalent in other currencies.

Withdrawal fees: IC Markets also waives the withdrawals fees (withdrawal processing times vary from instant to 1 working day). However, deposits/withdrawals may incur fees on payments to and from some international banking institutions. For more information, please visit the IC Markets deposit and withdrawals info page.

Inactivity fee: Currently, IC Markets does not charge any inactivity fees or any other account maintenance fees.

IC Markets Popularity

The great popularity of this excellent Australian broker is undeniable. With IC Markets the trading can be done with a good range of platforms (MT4, MT5 and cTrader) to suit all kind of traders, but the key factor for IC Markets popularity with the trading community is its competitive trading conditions and spreads, particularly with the RAW Spread account.

Offering cutting-edge trading technology, IC Markets has super-fast trading servers located in London and New York, maximizing order execution speeds on all three trading platforms. IC Markets also boasts minimum slippage by providing investors with direct access to inter-bank price feeds, from more than 50 banks and institutional liquidity partners.

Popular trading account: The IC Markets Raw Spread account is the popular choice with traders looking to save on trading costs, with lower spreads and a competitive commission of $7.00 per lot traded ($6.00 per 100K USD traded for the cTrader Raw Spread account).

Trading education

IC Markets also gains extra popularity points for their extensive range of educational materials, available through the "Education" tab on its website. IC Markets clients can find video tutorials, webinars, podcasts and the IC Markets Web TV with market comments. The Web TV is recorded daily from the floor of the New York Stock Exchange and presented in association with Trading Central. IC Markets Web TV offers unmatched coverage on global equities, currencies and commodities.

Research & education materials available on IC Markets website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

IC Markets Promotions

IC Markets FAQs

What is the IC Markets leverage?

The IC Markets leverage for forex CFD, and for retail traders opening an account with the ASIC and CySEC entities, is 30:1. IC Markets leverage for traders opening an account with the Seychelles entity is 500:1.

IC Markets leverage depends on two factors, the contracted entity and the trader's classification. The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, did a product intervention regarding leveraged CFD trading in 2018, and established the new rules for regulated brokers. The main change was the maximum leverage available for retail clients, capped at 30:1 for forex CFD trading.

In April 2021 the Australian regulator (ASIC) did a product intervention, also regarding leveraged CFD trading, and set the new leverage limits, similarly to its European counterparty, at 30:1 for retail clients.

But both regulators left the option for more experienced traders to trade with higher leverage ratios untouched. Traders classified as professional - for investors with a considerable gross income and able to demonstrate their knowledge by completing a leveraged trading online test - can maintain their existing leverage, or for new accounts, request a higher leverage ratio. All the documents and information need to be submitted to the broker and reviewed by the compliance office. More information can be found on Become an IC Markets Pro Trader web page.

*Please note that traders classified as "Professional" in Europe are not protected by the same safety mechanisms covering retail traders (ICF and NBP).

Less complicated, the Seychelles financial regulator has still to implement more serious protection mechanisms for retail traders - including a leverage cap - and thus several brokers, fuelled by the constant demand of retail traders looking for higher leverage ratios, have set shop in the island. Traders opening a live account with Raw Trading Ltd, regulated by the Seychelles FSA, can apply for a maximum leverage ratio of 500:1, indifferently if they are classified as retail or professional traders.

What is the IC Markets crypto leverage?

The IC Markets crypto leverage for cryptocurrencies CFD, and for retail traders opening an account with the ASIC and CySEC entities, is 2:1. IC Markets crypto leverage for traders opening an account with the Seychelles entity is 5:1.

Unlike other asset classes - forex, stocks, commodities, etc. - the cryptocurrencies market is dominated by retail speculators. Bitcoin or Ethereum price movements are driven primarily by news and prevailing sentiment; the fear and greed of retail speculators. These sentiment shifts can lead to massive intraday price swings, making cryptocurrencies CFD an exciting product for aggressive and experienced day traders. With IC Markets crypto leverage ratios of 2:1 with the ASIC and CySEC regulated entities, investors can trade in a market where there is no central bank intervention, interbank dealers controlling order flow, or funds moving prices, with added peace of mind.

Traders opening a live account with Raw Trading Ltd, regulated by the Seychelles FSA, can enjoy a slightly higher leverage ratio of 5:1 when trading Bitcoin, Ethereum, Ripple and other cryptocurrencies CFD provided by the broker.

Is IC Markets available in Canada?

No. Unfortunately, IC Markets currently does not accept applications from residents of the U.S., Canada, Israel, New Zealand, Japan and Iran. IC Markets used to be open to Canadian investors until Canada's financial regulator, the Investment Industry Regulatory Organization of Canada (IIROC), introduced several regulatory changes making it more challenging for international investment services providers to operate on the Canadian market.

As of the time of writing, IC Markets has not announced any plans to restart offering investment services to Canadian investors.

Can I apply for an IC Markets joint account?

Yes. IC Markets joint account applications are available for both retail and professional traders. Investors wishing to open an IC Markets joint account, will need to open two individual trading accounts firstly, and then send IC Markets a request via email to to join them. Investors that have already an individual account can submit a request to IC Markets to join their account with the second person's account.

*Please note that both parties need to agree and request the joint account in order to proceed with the joint application.

What is the IC Markets server time?

IC Markets server time and price charts are GMT+2. When daylight saving is in effect IC Markets server time and price charts are GMT+3. IC Markets server times use the GMT+2 (or the GMT+3) time zone in order to align the daily chart candles with the New York session close (5pm ET).

IC Markets MetaTrader and cTrader trading servers are located in the LD5 IBX and the NY4 Equinix Data Centres - known globally for their secure and reliable infrastructure - in London and New York, providing clients with the fastest possible execution speeds and low latency times.

The table below outlines the dates on which IC Markets server time will change to reflect the daylight savings for the period between 2021 and 2025, according to the U.S. daylight saving times schedule:

Year DST Starting Date DST Ending Date
2021 14th March 7th November
2022 13th March 6th November
2023 12th March 5th November
2024 10th March 3rd November
2025 9th March 2nd November

*Please note that Daylight Saving Time (DST) in most of the United States starts on the 2nd Sunday in March and ends on the 1st Sunday in November.

The daily trading hours for all currency pairs (except the USD/RUB) are 00:01, IC Markets server time, to 23:59 (23:57 on Friday). For Gold, trading starts at 01:02 server time to 23:57. All other Metals CFD - XAG, XPD, XPT - are available for daily trading from 01:00 server time (Monday) to 23:59 server time (23:57 on Friday).

Cryptocurrencies are available for trading Monday - Thursday 00:05-23:59, on Friday 00:05-23:55, on Saturday 01:05-17:00 and on Sunday 00:05-23:59, IC Markets server time. For a complete list of each tradable instrument and the exact trading sessions, please visit the IC Markets trading hours web page.

Is IC Markets true ECN?

IC Markets is the issuer of the products it provides. IC Markets consider themselves to be a forex provider offering the ECN pricing model sourced from external liquidity providers. These prices are passed on to traders with no dealing desk intervention. In order to provide traders with better prices and to ensure fast execution speed, IC Markets do not hedge each and every position with the liquidity providers.

IC Markets Australian Financial Services (AFS) Licence allows the broker to make a market. However, IC Markets do not operate a proprietary trading book and sources the pricing from its pool of 50 external liquidity providers.

When trading with IC Markets the prices on the trading platform are streamed from the liquidity providers, which are ECN prices. The prices streamed by IC Markets are considered to be true ECN prices, as they are created by aggregating prices received from multiple banks and dark pool liquidity sources. This ensures that IC Markets is able to offer tight and consistent spreads, resulting in more competitive trading costs for traders.

In Australia all forex and CFD providers, including IC Markets, have the market making authorization on their AFS licence. But IC Markets do not consider themselves market makers, for a simple reason, no-dealing desk intervention. Typically, market makers operate a dealing desk, creating their own market prices (market making). These prices can be based on their own proprietary trading positions or overall risk exposure and may not reflect the prices in the underlying market. IC Markets assures that they do not operate a dealing desk, serving solely as a broker between traders and the market prices streamed by the true ECN network.

IC Markets review - final considerations.

We conclude our IC Markets review with the final considerations regarding this Australian-based CFD broker. IC Markets stands out for its competitive trading costs, spreads mainly, especially on the currency market with crosses such as the EUR/USD with an average of 0.2 pip. The great ECN trading environment, offered by IC Markets and the minimum slippage provided to investors with direct access to inter-bank price feeds, allows for the best transaction costs. IC Markets clients are also allowed to hedge, scalp, swing or position trade, with no restrictions.

The other great feature of the IC Markets broker is the retail clients' funds safety. As a highly-regulated CFD broker, in compliance with the ESMA and the ASIC financial watchdogs rules, traders can rest assured that they are trading with a solid broker.

Not only the European entity, supervised by the Cyprus CySEC, offers a rescue fund for retail clients, together with NBP (also offered by the ASIC supervised entity), but even the Seychelles FSA regulated entity guarantees the minimum of safety regarding retail clients funds with segregated accounts and a professional indemnity insurance.

IC Markets is also a member of the Australian Financial Complaints Authority (AFCA). The AFCA is an independent and impartial Australian ombudsman that can assist consumers to resolve a complaint about an Australian financial firm.

Overall, IC Markets competitive pricing and the excellent ECN environment trading conditions, together with a low initial deposit of 200 USD, position this CFD broker on the top 3 brokers for popularity with traders opening a trading account in 2021.

IC Markets User rating


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IC Markets verified customers - with a live trading account - recommend the broker, mainly, for its overall trading costs; low spreads and average trading commissions. But traders are also very pleased with IC Markets stable servers and instant executions, allowing for a smooth trading experience. Also on a positive note, traders praise the broker for its withdrawal's efficiency - fast and effortless.

Negatively, some IC Markets users complain about the broker's customer support operatives, pointing out some inefficiency when dealing with technical questions, and the occurrence of both negative and positive slippage.

Review sources

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These may include information supplied by the broker, government data, the broker's corporate website(s), the analysis from our industry experts, and the opinions from verified traders with a live account. The information on the IC Markets broker review page was also sourced from: