IC Markets is a leading ECN brokerage with a global footprint, which offers solutions for traders of all skill levels and employing various strategies and trading styles – from scalping to swing and position trading.
In the current broker review, we will pay attention to the key aspects of IC Markets, which you may consider before deciding whether to trade with this brokerage. IC Markets’ page on Trustpilot’s website enjoys a high number of positive reviews, with the broker’s aggregated score being 4.8/5. Of the 39,244 customer reviews submitted by IC Markets clients, 91% gave the broker a 5-star rating, while only 3% gave the brand 1 star.
| IC Markets Summary | |
|---|---|
| Year Founded | 2007 |
| Minimum Deposit | $200 |
| Tradable Instruments | Forex CFDs, Commodity CFDs, Index CFDs, Bond CFDs, Crypto CFDs, Stock CFDs, Futures CFDs |
| Open an Account | How to Open an Account at IC Markets |
| Trading Costs | Spreads, Fees, and Commissions at IC Markets |
⭐ Trustpilot Score
4.8★
⭐ TrustPilot Review Count
41,373🎖️ Licenses by Regulator Tier
Tier 1: 2 | Tier 2: 1 | Tier 3: 1
🔢 Number of Available FX Pairs
61Key Pros and Cons
Let us first provide a quick snapshot of IC Markets’ advantages and disadvantages.
Key Pros
- Deep interbank liquidity and raw pricing
- True ECN execution with no dealing desk intervention
- No fees on deposits and withdrawals and no inactivity fee
- Good selection of account types, including Zero Spread accounts
- Good selection of trading platforms and comprehensive trading tools
- Leverage of up to 1:500 available
- Great customer support and other services
Key Cons
- No FCA regulation
- No US, Canadian and Japanese clients
- Negative Balance Protection available only for Australian and EU clients