Overview
IC Markets, which now trades under the shorter name IC, is a CFD broker known for raw spreads and fast execution. It suits day traders, scalpers and anyone running expert advisors, and the broker says around 60% of its trades come from automated systems. It's regulated by ASIC in Australia and CySEC in Cyprus, and its global arm is licensed by the FSA in Seychelles. UK clients are onboarded through a Mauritius entity.
Accounts and costs
The Raw Spread account on MetaTrader has spreads from 0.0 pips, with EUR/USD averaging 0.1, plus $3.50 per lot per side. The cTrader Raw Spread account charges $3 per $100k traded and also connects to TradingView. Standard has no commission and spreads from 0.8 pips. None of these three has a minimum deposit. Two newer tiers, Raw Pro ($5,000) and Raw Pro+ ($100,000), cut the commission to $1.50 and $1.00 per side. Leverage on the global entity goes up to 1:5000 on MetaTrader and 1:1000 on cTrader, while EU retail clients are capped at 1:30. Swap-free accounts are available.
Platforms and markets
You get MT4, MT5, cTrader and TradingView, plus IC Social, ZuluTrade and Signal Start for copy trading. There's no in-house platform. The servers sit in Equinix NY4 and a free VPS is on offer. More than 2,250 CFDs cover forex, indices, commodities, shares (including 24-hour US stocks), ETFs, bonds, crypto and futures.
Money in and out
There are over 15 funding methods in 10 base currencies, including bank wire, cards, PayPal, Skrill, Neteller, crypto and local options like POLi, BPAY and Thai or Vietnamese internet banking. IC doesn't charge for deposits or withdrawals. Card withdrawals take 3 to 5 business days and international wires can take up to 14 days with bank fees.
Good
- Raw spreads from 0.0 pips with EUR/USD averaging 0.1
- MT4, MT5, cTrader and TradingView all supported
- No minimum deposit on the main accounts
- No broker fees on deposits or withdrawals
- Free VPS and servers in Equinix NY4, a good fit for EAs and scalping
Watch for
- No platform of its own
- CFDs only, no real share or futures ownership
- Very high leverage on the global entity is easy to misuse
- International bank wires can take up to 14 days and carry bank fees
Accounts and costs
What each account needs to open and what you pay to trade on it.
| Account | Min deposit | Pricing | Max leverage |
|---|---|---|---|
| Raw Spread (MetaTrader) | None | Spreads from 0.0 pips (EUR/USD averages 0.1) plus $3.50 commission per lot per side | 1:5000 (global entity); 1:30 for EU retail clients |
| Raw Spread (cTrader) | None | Spreads from 0.0 pips plus $3.00 commission per $100k traded; cTrader and TradingView | 1:1000 (global entity) |
| Standard | None | No commission, spreads from 0.8 pips | 1:5000 (global entity); 1:30 for EU retail clients |
| Raw Pro | $5,000 | Spreads from 0.0 pips plus $1.50 commission per lot per side (early access) | 1:5000 (global entity) |
| Raw Pro + | $100,000 | Spreads from 0.0 pips plus $1.00 commission per lot per side (early access) | 1:5000 (global entity) |
Regulation
Which entity holds which licence. Your protection depends on the entity you open an account with.
Investor protection: Investor Compensation Fund cover for clients of the CySEC entity
Platforms and markets
Platforms
Markets
Deposits and withdrawals
- Methods
- Bank transfer, Card, PayPal, Skrill, Neteller, Crypto, Local methods
- Minimum deposit
- None
What traders say
Scores from the sites traders use, and our summary of what they're saying, checked 6 October 2026.
IC Markets, now trading as IC, is one of the most reviewed forex brokers around. Its main Trustpilot page holds 4.8 from about 56,800 reviews (the figure Compare Forex Brokers recorded on 1 October 2026), while the newer ic.com page has a single review so far. Forex Peace Army and Myfxbook both carry long review threads but no score in the evidence we collected. Praise centres on cost and execution; the complaints that recur are about withdrawals and account holds.
What traders like
Tight spreads and low commissions. The most common reason reviewers give for choosing IC, especially on the raw spread accounts.
Fast, stable execution. Many Myfxbook and Forex Peace Army reviewers describe quick fills and few disconnects on MT4, MT5 and cTrader.
Platform choice. Several like having TradingView alongside MetaTrader and cTrader.
Responsive support. Live chat gets frequent praise for being available and quick.
Common complaints
Slow or blocked withdrawals. Several Forex Peace Army and Reddit posters describe withdrawals delayed for weeks, repeated document requests, or bank wires cancelled in favour of crypto payouts under the return-to-source rule. Some of these threads were later marked resolved.
Accounts frozen on compliance grounds. A few traders say their accounts were suspended after sanctions-related reviews tied to where they live, with funds held while the case dragged on.
Slippage and forced closes. Some reviewers say stops filled badly in fast markets or that positions were closed in ways they dispute.
Support during disputes. Some say replies slowed or tickets were closed without a clear answer once a problem started.
Recently
July 2026: a Forex Peace Army thread from 13 July reports a withdrawal that had not arrived after a month, with emails unanswered.
July 2026: BrokerChooser's summary of public opinion from May to August 2026 lists withdrawal delays and account holds as the biggest complaint pattern, with slippage during news next.
Where this comes from
Trustpilot: the main IC Markets review page.
Trustpilot (ic.com): the page for the new domain, one review so far.
Forex Peace Army: trader reviews and the complaint threads.
Myfxbook: trader reviews.
Reddit search: threads on r/Forex, r/Daytrading and r/ICMarkets.
Compare Forex Brokers: source of the dated Trustpilot figure.
Verified reviews
Reviews from traders who've connected an account at IC Markets to Chartnaut, so you know they actually traded there. Opening soon.