IC Markets has earned a strong reputation as one of the world’s leading forex and CFD brokers, particularly popular among scalpers and algorithmic traders. Established in 2007, the broker operates with a focus on speed, reliability, and transparency, offering institutional-grade trading conditions to retail clients.
Regulated by major authorities including ASIC (Australian Securities and Investments Commission), CySEC (Cyprus Securities and Exchange Commission), and the FSA (Financial Services Authority), IC Markets ensures strict compliance with global financial standards.
Trading Infrastructure and Execution
One of the key advantages of IC Markets is its low-latency trading environment. The broker’s servers are strategically located in top-tier data centers in New York and London, ensuring lightning-fast order execution with minimal slippage. This setup makes IC Markets particularly suitable for high-frequency and automated strategies, including those relying on Expert Advisors (EAs) or custom algorithms.
IC Markets uses a No Dealing Desk (NDD) model, meaning orders go directly to liquidity providers without broker intervention. This ensures true market pricing, tight spreads, and no conflict of interest between the broker and the trader.
Trading Conditions and Account Types
IC Markets offers several account types to meet different trading styles, including Raw Spread and Standard accounts.
- Spreads: Starting from 0.0 pips on EUR/USD and other major pairs.
- Leverage: Up to 1:500, depending on jurisdiction and regulation.
- Execution Speed: Ultra-fast order processing, ideal for scalping and automated trading.
- Minimum Deposit: From $200, allowing easy access for most traders.
The Raw Spread account provides direct access to institutional liquidity, while the Standard account includes all trading costs within the spread — perfect for traders who prefer simplicity.
Platforms and Tools
IC Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, giving traders a wide range of professional-grade tools.
Each platform provides advanced charting, algorithmic trading support, and one-click order execution.
- MT4/MT5: Known for stability, speed, and compatibility with EAs.
- cTrader: Offers advanced order types, market depth (DOM), and superior charting tools for professional use.
Traders can access these platforms via desktop, web, or mobile devices, ensuring flexibility and consistent performance.
Assets and Market Coverage
While IC Markets is primarily known for its forex trading environment, it also offers a solid selection of CFDs on:
- Commodities (such as gold, silver, and oil)
- Indices (US30, DAX40, FTSE100, etc.)
- Stocks from global markets
- Cryptocurrencies (depending on region and regulation)
However, compared to some multi-asset brokers, the range of non-forex instruments is more limited, focusing mainly on the most liquid and high-volume assets.
Pros of IC Markets
- Exceptional trading conditions for scalping and algorithmic strategies
- Transparent pricing with raw spreads and low commissions
- Ultra-fast execution and stable connectivity during high volatility
- Multiple trading platforms suitable for all levels
- Strong regulation ensuring trader protection
Cons of IC Markets
- Limited range of non-forex instruments, especially compared to broader multi-asset brokers
- Withdrawal fees may apply for some international bank transfers
