Review Methodology Affiliate Disclosure

IC Markets Review 2026

Name: IC Markets Review 2026 (Now IC): Is It Safe? Withdrawal & Real Costs
Uploaded: 2026-10-24T10:57:06-07:00
Duration: 7 min 26 s
Description: IC Markets is built around raw pricing: Raw Spread accounts from 0.0 pips plus a fixed commission, MT4, MT5, cTrader and TradingView, and no minimum deposit at its global company. Australian and EU clients get ASIC or CySEC protection at 1:30; most other traders join Raw Trading Ltd in Seychelles.

4.9/5 FX Recap score

Facts checked against ic.com on 30 September 2026

FX Recap Awards 2026: Best overall

Visit IC MarketsExcellentLicences: ASIC, CySEC +3

Ad High risk: most retail CFD accounts lose money. We never tell you to trade, so read IC Markets's disclosures first. Our promise

IC Markets is built around raw pricing: Raw Spread accounts from 0.0 pips plus a fixed commission, MT4, MT5, cTrader and TradingView, and no minimum deposit at its global company. Australian and EU clients get ASIC or CySEC protection at 1:30; most other traders join Raw Trading Ltd in Seychelles.

Guides23

Is IC Markets Safe and Regulated? Licences, Protection and Risks How to Open an IC Markets Account: Registration and Verification IC Markets Minimum Deposit: What You Need to Start in 2026 IC Markets Account Types: Standard, Raw Spread, cTrader and Raw Pro IC Markets Demo Account: How It Works and How Long It Lasts IC Markets Islamic Account: Swap-Free Rules and Holding Fees IC Markets Spreads and Commissions: What a Trade Really Costs IC Markets Leverage: 1:5000 Explained, With Tiers and Limits IC Markets Withdrawal: Methods, Times, Fees and Common Problems IC Markets Trading Platforms: MT4, MT5, cTrader or TradingView?IC Markets Copy Trading: IC Social, cTrader Copy, ZuluTrade and More IC Markets for Scalping and EAs: Rules, Costs and Execution Trade Gold (XAUUSD) on IC Markets: Costs, Leverage and Hours IC Markets Stocks: How to Trade Share CFDs on MetaTrader 5 IC Markets Indices: 25 Index CFDs, Spreads and Leverage IC Markets Crypto Trading: Bitcoin CFDs, Leverage and Hours IC Markets Stop Out and Margin Call Levels Explained Is IC Markets an ECN Broker? How IC Executes Your Trades IC Markets Trading Hours and Server Time: Forex, Gold, Stocks and Crypto IC Markets App: Trading, Funding and Support on Your Phone IC Markets Customer Support: Contacts, Complaints and Response Times IC Markets Raw Trader Plus: Commission Rebates for Active Traders IC Markets Is Now IC: What the Move to ic.com Means for You

Offers1

IC Markets Deposit Bonus: 100% Up to $1,000, Then 50%

Tap a face for rolesOur methodology →

An FX Recap team effort, from Abir Khan to Ranjan N. Mondol

IC Markets at a glance

Source: ic.com, the IC Help Centre and regulator registers, checked 30 September 2026

Licences	FSA Seychelles SD018 (global), ASIC AFSL 335692 (Australia), CySEC 362/18 (EU), SCB Bahamas SIA-F214, CMA Kenya 199
Minimum deposit	$0 at Raw Trading Ltd (global) · $200 in Australia
EUR/USD spread	Standard from 0.8 pips · Raw Spread from 0.0, average 0.1
Commission	None on Standard · $3.50 per lot per side on Raw Spread (MetaTrader) · $3 per $100,000 on cTrader
Maximum leverage	Up to 1:5000 on forex at the global company · 1:30 in Australia and the EU
Platforms	MT4, MT5, cTrader, TradingView
Fees to watch	Possible processing fee if deposits are not used for trading · intermediary bank fees on wires · swaps
Support	24/7
Not accepted	Residents of the US, Canada, New Zealand, Iran and North Korea

Can I open an IC Markets account from my country?

Is it legal for me to trade with this broker?

Two things decide whether you can trade: the broker must accept your country, and your own country's law must allow you to trade with a foreign broker. A broker accepting you does not make it legal where you live, so check both.

Your country

This is the global company's list; IC's Australian site also excludes Israel and Brazil.

IC Markets pros and cons

What traders get

Raw Spread from 0.0 pips, EUR/USD averaging 0.1
No minimum deposit at the global company
MT4, MT5, cTrader and TradingView
No IC fee to deposit or withdraw
Client money insurance up to US$1,000,000, plus segregated accounts
Free VPS for clients trading 15+ lots a month

What to watch

Most non-Australian, non-EU clients join the Seychelles company
Leverage up to 1:5000 can wipe out an account fast
Stop out at 50%, so positions close earlier than at 0–20% brokers
International wires can take up to 14 days
Standard account spreads start at 0.8 pips
Not open to the US, Canada or New Zealand

How IC Markets' 4.9 score is built

Our methodology →

Ten parameters, weighted the same way for every broker. The share shows how much each one counts towards the score; the label is what we found for IC Markets.

Regulation & safety20% of scoreMixedASIC and CySEC for Australian and EU clients; most others join the FSA Seychelles company.
User satisfaction15% of scoreNeeds dataNeeds real trader reviews. Our review box opened in October 2026.
Commissions & fees13% of scoreStrengthRaw Spread from 0.0 with $3.50 per side; no IC payment fees.
Platforms & tools12.5% of scoreStrengthMT4, MT5, cTrader and TradingView, with free VPS for active traders.
Deposit & withdrawal10% of scoreMixedNo IC fees, but cards take 3–5 business days and international wires up to 14.
Account types9% of scoreStrengthStandard, Raw Spread, Raw Spread cTrader, plus Raw Pro tiers for larger balances.
Account opening8% of scoreNeeds dataNot yet checked: IC's document requirements are not in our fact check.
Trading instruments7% of scoreStrength2,250 instruments on MetaTrader: forex, metals, energies, indices, crypto, stocks, bonds and futures.
Mobile apps3% of scoreStrengthIC Social for desktop, mobile and web, offered in our own client area (20 Oct 2026), plus the MetaTrader and cTrader apps.
Customer support2.5% of scoreStrengthSupport around the clock.

Is IC Markets safe? It depends on where you live

What does a regulator actually do?

A regulator licenses brokers and supervises how they treat clients. Top-tier regulators such as the FCA (UK), ASIC (Australia) and CySEC (EU) set strict rules on client money, leverage and complaints; offshore regulators set lighter ones. Most brokers run several companies, and the one named in your client agreement decides which rules protect you. Negative balance protection means you cannot lose more than the money in your account.

IC Markets runs several companies. The one you join depends on where you live, and it decides your regulator and your leverage cap. Pick your region:

Company: Raw Trading Ltd (IC Markets Global)
Regulator: FSA (Seychelles)
Licence: SD018
Leverage: Up to 1:5000 on forex, tiered by position size

Offshore licence: lighter rules than ASIC or CySEC
Segregated client accounts and an external auditor
Client money insurance up to US$1,000,000 (policy TT2602110)

"IC" and "IC Markets Global" are trading names of Raw Trading Ltd; icmarkets.com now redirects to ic.com. Check the company named in your client agreement on the regulator's own register.

Is IC Markets regulated? Full check →

Related guidesIC Markets Is Now IC

IC Markets fees: what one trade costs

What are spreads and pips?

The spread is the gap between the buy and sell price, and it is the main cost on accounts without commission. A pip is the fourth decimal on most currency pairs (0.0001); on one standard lot of EUR/USD, 1 pip is worth about $10. Raw and ECN accounts have tighter spreads but add a fixed commission per lot, so always compare the total cost.

Standard puts the whole cost in the spread. The Raw Spread accounts charge near-zero spreads plus a fixed commission, which is usually the cheaper route for frequent traders.

Cost	What IC Markets charges
Commission	Standard: none. Raw Spread (MT4/MT5): $3.50 per lot per side, $7 a round turn. Raw Spread cTrader: $3 per $100,000 traded.
Larger balances	Raw Pro: $1.50 per side from $5,000. Raw Pro+: $1.00 per side from $100,000. Both are new and in early access.
Deposits and withdrawals	No IC fee; your bank may charge. IC may charge a processing fee if deposits are not used for trading.
International wires	Intermediary banks can deduct their own fees.
Swap-free holding fee	Swap-free accounts pay a flat fee per lot held overnight, for example $10 on EUR/USD.

IC Markets spreads explained →

EUR/USD cost per lot at the brokers we review

Broker	Spread	Commission	Per lot
RoboForexECN	0.0 pipsfrom+ $20 per $1M (≈ $4.34 a lot)	$20 per $1M (≈ $4.34 a lot)	$4.34
Fusion MarketsZero	0.01 pipsaverage+ $2.25 a side	$2.25 a side	$4.60
LiteFinanceECN	0.0 pipsfrom+ $5 a lot	$5 a lot	$5.00
TickmillRaw	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
VantageRaw ECN	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
Elev8Standard	0.6 pipsfromno commission	None (in the spread)	$6.00
ExnessRaw Spread	0.0 pipsfrom+ Up to $3.50 a side	Up to $3.50 a side	up to $7.00
FP MarketsRaw	0.1 pipsaverage+ $3 a side	$3 a side	$7.00
FXTMAdvantage	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
IUXRaw	0.0 pipsfrom+ $7 a lot	$7 a lot	$7.00
PepperstoneRazor	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
XMUltra Low	0.8 pipsfromno commission	None	$8.00
IC MarketsRaw Spread	0.1 pipsaverage+ $3.50 a side	$3.50 a side	$8.00
AvaTradeStandard	0.8 pipstypicalno commission	None	$8.00

One standard lot (100,000 units) opened and closed, using each broker's cheapest published EUR/USD pricing: spread × $10 plus the round-turn commission. "From" spreads are best-case, so live costs at those brokers are usually higher than shown; "average" and "typical" are the brokers' own published averages. Swaps are not included. Sources: each broker's own site, checked between 30 September and 19 October 2026.

IC Markets overnight costs and the swap-free option

What is a swap fee?

A swap is interest you pay or earn when you keep a trade open past the daily rollover, because a currency trade borrows one currency to buy another. Many brokers charge three days on Wednesday to cover the weekend. An Islamic or swap-free account removes this interest, sometimes with a fixed admin fee instead.

Standard swaps	Positions held overnight pay or earn a swap on normal accounts.
Swap-free	Available on Standard and Raw Spread, on MT4, MT5 and cTrader.
The catch	Swap-free positions pay a flat holding fee per lot each night instead, for example $10 on EUR/USD.

IC Markets Islamic account explained →

IC Markets account types

What is a lot, and what is a cent account?

A standard lot is 100,000 units of currency, a mini lot 10,000 and a micro lot 1,000. A cent account shows your balance in cents, so you can trade very small sizes while you learn. Standard accounts usually cost more in spread; raw accounts cost less in spread but charge commission.

Standard

Spread from 0.8 pips
No commission
MT4 or MT5
Up to 1:5000

Raw pricing

Raw Spread

Spread from 0.0 pips (EUR/USD average 0.1)
$3.50 per lot per side
MT4 or MT5
Up to 1:5000

Raw Spread cTrader

Spread from 0.0 pips
$3 per $100,000 traded
cTrader and TradingView
Up to 1:1000

Raw Pro / Raw Pro+

$5,000+

$1.50 per side from $5,000
$1.00 per side from $100,000
MetaTrader
New, early access

Global company figures. Stop out is 50%. Up to 200 open positions on MetaTrader and 2,000 on cTrader. 10 base currencies: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD and CAD.

IC Markets account types compared →

IC Markets leverage by market

How do leverage, margin call and stop out work?

Leverage lets you open a bigger position with less money: at 1:100, $100 controls $10,000. It multiplies losses exactly as much as profits. Margin is the money held to keep a trade open; at the margin call level you are warned, and at the stop out level the broker starts closing your trades. Most beginners are safer with low leverage.

Forex	Up to 1:5000
Metals	Up to 1:2000
Energies and crypto	Up to 1:500
Indices, futures and bonds	Up to 1:200
Stocks	Up to 1:20

Global company maximums, tiered by position size from 1:1 to 1:5000. cTrader accounts go up to 1:1000. Australian and EU clients are capped at 1:30.

How IC Markets leverage works →

IC Markets trading platforms

MT4, MT5 or cTrader: what is the difference?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used trading platforms; MT5 is newer, with more markets and tools. cTrader and TradingView are popular for their charts. Expert advisors (EAs) are programs that trade automatically on MetaTrader.

MT4

Standard or Raw Spread. Up to 200 open positions. Servers in New York (NY4).

MT5

Standard or Raw Spread, the full 2,250-instrument range.

cTrader

Raw Spread cTrader account, up to 2,000 open positions. Servers in London (LD5).

TradingView

Trade your Raw Spread cTrader account from TradingView charts.

IC says its average execution is under 40 ms; this is IC's figure, which we have not tested.

IC Markets platforms compared →

Related guidesIC Markets App

What you can trade at IC Markets

IC product pages and Help Centre, checked 30 September 2026

What is a CFD?

Most of what brokers offer are CFDs (contracts for difference): you trade the price of gold, an index, a share or a coin without owning it. Spreads differ from market to market and usually widen around big news and when markets open.

Market	What is listed	Max leverage
Forex	61 currency pairs	1:5000
Metals	Gold, silver and more	1:2000
Energies	Oil and gas	1:500
Indices	25 indices	1:200
Crypto	Crypto CFDs	1:500
Stocks	Stock CFDs	1:20
Bonds and futures	Bond and futures CFDs	1:200

MetaTrader lists 2,250 instruments and cTrader 121. IC's homepage advertises 2,850+ tradable instruments across its platforms.

Trading stocks with IC Markets →

IC Markets execution and VPS

What is slippage?

Market execution fills your order at the best price available, which can be slightly different from the price you clicked; that difference is called slippage. Scalping means holding trades for seconds or minutes. A VPS is a remote computer that keeps your platform and EAs running when your own computer is off.

Servers	MetaTrader in New York (NY4), cTrader in London (LD5).
Speed	IC says its average execution is under 40 ms. This is IC's figure; we have not tested it.
Position limits	200 open positions on MetaTrader, 2,000 on cTrader.
Free VPS	IC VPS for clients trading 15, 30 or 75 lots a month in forex and metals, plus a ForexVPS partnership.

IC Markets free VPS →Scalping at IC Markets →

IC Markets copy trading

Is copy trading safe for beginners?

Copy trading automatically copies another trader's positions into your account. Their past results do not guarantee future ones, and you pay them through a profit share or a wider spread. Start with a small amount and keep a stop loss.

IC Social	Copy and social trading powered by Pelican Trading, on live MT4 accounts.
cTrader Copy	Built into cTrader. From 4 July 2026 the maximum performance fee is 40%.
ZuluTrade	Third-party copy platform connected to IC accounts.
Signal Start	Third-party signal service for MetaTrader.

IC Markets copy trading guide →

IC Markets deposits and withdrawals

Why does my money go back to the same card or wallet?

To stop money laundering, brokers usually send withdrawals back to the card, bank or wallet you deposited from, and only to an account in your own name. You must be verified to withdraw, and your bank or payment provider can add its own time and fees.

Deposit15+ funding options, 10 base currencies, no IC fee.
RequestIC's daily cut-off for withdrawal requests is 12:00 AEST. E-wallet withdrawals go back to the same wallet.
ArrivesCards in 3–5 business days (rarely up to 10). International wires up to 14 days.

Banks in the middle of an international wire can deduct their own fees.

IC Markets withdrawals explained →

Related guidesIC Markets Minimum Deposit

IC Markets bonuses and promotions

Can I withdraw a deposit bonus?

A deposit bonus is usually trading credit, not cash. It adds margin to your account, but you cannot withdraw it, only the profits you make, and often only after trading a set volume. Read the terms before you accept one.

Offer	What you get
IC Markets Deposit Bonus →	IC pays a 100% bonus on your first deposit up to $1,000, then 50% on every later deposit, up to $25,000 in total.

IC's deposit bonus gives 100% on your first deposit, then 50%, up to $25,000 in total. The bonus cannot be withdrawn, is removed in proportion when you withdraw, does not allow hedging and is not available on MAM/PAMM accounts. Eligibility depends on your country. Raw Trader Plus pays rebates to active traders.

IC Markets customer support

Hours	24/7
Websites	ic.com (global), icmarkets.com.au (Australia), icmarkets.eu (EU), icmarkets.bs (Bahamas)

IC Markets support guide →

How we checked this review

Last checked 30 September 2026

Logged in to our own IC Markets client area on 20 October 2026 to check accounts, deposit methods and tools first-hand.
Read ic.com, IC's Australian, EU and Bahamas sites and the IC Help Centre on 30 September 2026.
Confirmed licences on the ASIC and CySEC registers, the FSA Seychelles list and the CMA Kenya licensee list.
Every figure comes from IC Markets' own pages or a regulator, not from third-party sites.
Scored on the same ten weighted parameters we use for every broker (our methodology).

Tested byRanjan N. MondolForex Trader

Fact-checked byJannatul FerdaushFact-Checker & Risk Analyst

Approved byRanjan N. MondolForex Trader

Our hands-on test with IC Markets

Test	Date	Result
Accounts in our client area	20 Oct 2026	Our IC client area holds a live MT5 account (IC flags it as eligible for its deposit bonus) and a Raw Spread MT5 demo on the ICMarketsSC-Demo server, the Seychelles company. MT4, MT5 and cTrader accounts are opened from the same page.
Deposit methods and fees	20 Oct 2026	Cards, PayPal, Neteller, Skrill, Apple Pay and Google Pay: instant and free. Bitcoin, Ether, USDC and USDT: instant to 1 hour, free. Bank transfer: up to 2 business days, free. Ten account currencies: AUD, USD, EUR, GBP, SGD, NZD, JPY, HKD, CHF and CAD.
Tools inside the client area	20 Oct 2026	A live markets board, Trading Central and MQL5 economic calendars, TipRanks stock research, VPS, and the IC Social app for desktop, mobile and web.

IC's deposit page in our client area on 20 Oct 2026: every method free (account number blurred).

Our Raw Spread MT5 demo on the ICMarketsSC-Demo server, with MT4 and cTrader tabs (account number and password blurred).

IC Social downloads in the client area: desktop, mobile and WebTrader.

Tested and verified by Ranjan N. Mondol (Forex Trader) on Ranjan's own IC Markets account. Account numbers are blurred in screenshots, and we never publish an account's profit or loss.

IC Markets compared with similar brokers

	IC Markets	FP Markets	Exness	Fusion Markets
FX Recap score	4.9/5	4.75/5	4.75/5	4.25/5
Minimum deposit	$0 (global) · $200 (AU)	$0	$10	$0
Spread from	0.0 pips	0.0 pips	0.0 pips	0.0 pips
Max leverage	1:5000 (global) · 1:30 (AU, EU)	1:500*	Unlimited*	1:500*
Best for	Raw spreads, scalping and cTrader	Raw pricing on cTrader and TradingView	High leverage and fast withdrawals	Low commissions with no minimum deposit
		IC Markets vs FP Markets →	IC Markets vs Exness →	IC Markets vs Fusion Markets →

Our verdict on IC Markets

IC Markets suits traders who care about raw costs and platform choice: spreads from 0.0 pips with a $3.50 commission per side, MT4, MT5, cTrader and TradingView, free VPS for active traders and several copy trading services. Australian and EU clients get ASIC or CySEC protection; most others join the Seychelles company with leverage up to 1:5000, which needs real discipline. Note the 50% stop out and allow up to 14 days for international wires.

Visit IC Markets Is IC Markets safe? Full check

We never tell you to trade, so read IC Markets's disclosures first. Our promise

IC Markets trader reviews

What traders say about IC Markets in their own words. These ratings are separate from FX Recap's own score of 4.9, which comes from our review.

0.0

No trader reviews yetBe the first to tell other traders what IC Markets is really like.

Traded with IC Markets?

About two minutes. We read every review before it is published.

For UK readers

IC Markets lists licences from ASIC, CySEC, the FSA Seychelles, the SCB Bahamas and the CMA Kenya. None of them is from the UK's FCA.

Using an offshore broker from the UK →FCA-regulated brokers for UK traders →

IC Markets questions traders ask

Is IC Markets a legit broker?

Yes. Its Australian company holds ASIC licence AFSL 335692 (since 2009), its EU company CySEC licence 362/18, and its global company, Raw Trading Ltd, FSA Seychelles licence SD018. Which one you join depends on where you live.

What is the IC Markets minimum deposit?

There is no minimum deposit at Raw Trading Ltd, the global company. Australian clients need $200. The Raw Pro tiers start at $5,000 and $100,000.

How much commission does IC Markets charge?

Nothing on Standard. Raw Spread accounts on MT4 and MT5 pay $3.50 per lot per side ($7 a round turn); Raw Spread cTrader pays $3 per $100,000 traded.

How long do IC Markets withdrawals take?

IC's daily cut-off for withdrawal requests is 12:00 AEST. Cards then take 3–5 business days (rarely 10) and international wires up to 14 days. IC charges no withdrawal fee.

Why can an IC Markets withdrawal take longer than expected?

IC's daily cut-off for withdrawal requests is 12:00 AEST. After that, cards take 3 to 5 business days (rarely up to 10) and international wires up to 14 days, with intermediary banks able to deduct fees. E-wallet withdrawals go back to the same wallet.

What leverage does IC Markets offer?

Up to 1:5000 on forex at the global company, tiered by position size, and lower on other markets. Australian and EU clients are capped at 1:30.

Does IC Markets have an Islamic account?

Yes, on Standard and Raw Spread accounts. Instead of swaps you pay a flat holding fee per lot each night, for example $10 on EUR/USD.

Can I open an IC Markets account from my country?

IC Markets does not accept residents of the United States, Canada, New Zealand, Iran and North Korea, and it also excludes sanctioned countries. If your country is not on its list, the sign-up form gives the final answer; the country check on this page shows yours.

Review history

20 Oct 2026Hands-on results added from our own IC client area: accounts, deposit methods and research tools.
30 Sep 2026Companies, licences, accounts, fees and money rules checked against ic.com, the IC Help Centre and regulator registers.
12 Oct 2025Review published.