The verdict in 30 seconds
Independent review of IC Markets, covering regulation, licenses, accounts, spreads, platforms, funding methods, and swap-free account terms.
IC Markets is regulated through Tier 1, offers MT4, MT5, cTrader, spreads from 0 pips, and leverage up to 1:500.
Best for: IC Markets is best suited for traders who value tight spreads, fast execution, and a wide range of tradeable instruments, particularly those interested in scalping and algo trading, given its industry-leading raw spreads and support for platforms like MT4, MT5, and cTrader.
Look elsewhere if: No DFSA regulation for MENA clients
Regulation & licensing
License status is shown explicitly. Withdrawn or revoked licenses are never hidden.
| Regulator | Full name | Jurisdiction | License number | Tier | Status |
|---|---|---|---|---|---|
| ASIC | Australian Securities and Investments Commission | Australia | 335692 | Tier 1 | Active |
| CySEC | Cyprus Securities and Exchange Commission | Cyprus | 362/18 | Tier 1 | Active |
| SCB | Securities Commission of The Bahamas | Bahamas | SIA-F214 | Tier 4 | Active |
Accounts, spreads & leverage
The spread band is Spreads from 0.0 pips. Maximum leverage depends on the account and regulating entity.
| Account | Minimum | EUR/USD spread | Commission / lot | Execution | Leverage | Swap-free |
|---|---|---|---|---|---|---|
| Standard | $200 | 0.8 pips | 0 | STP | 1:500 | — |
| Raw Spread | $200 | 0 pips | 7 | ECN | 1:500 | — |
| Islamic (Raw Spread) | $200 | 0 pips | 7 | ECN | 1:500 | ✓ |
Deposits & withdrawals
Withdrawal timing: Verify the official withdrawal timetable as deposit method processing times are provided, not specific withdrawal times.
| Method | Deposit fee | Withdrawal fee | Processing | Currencies |
|---|---|---|---|---|
| Bank Wire | Free | Free | 1-3 business days | USD,EUR,GBP,AUD |
| Visa/Mastercard | Free | Free | Instant | USD,EUR,GBP,AUD |
| Skrill | Free | Free | Instant | USD,EUR |
| PayPal | Free | Free | Instant | USD,EUR,GBP,AUD |
Trading platforms
Islamic account & our Sharia checklist
Swap-free account: Available.
A swap-free label is not the same as a Sharia-compliance verdict. Check that no overnight interest is charged under another name, replacement fees are fixed rather than interest-linked, leverage terms are understood, and the exact contract is reviewed.
Our factual note: IC Markets offers an Islamic account with swap-free implementation, but this availability alone does not constitute a religious verdict. Traders must verify the official terms and conditions to ensure compliance with their individual requirements.
Who IC Markets is for
IC Markets is best suited for traders who value tight spreads, fast execution, and a wide range of tradeable instruments, particularly those interested in scalping and algo trading, given its industry-leading raw spreads and support for platforms like MT4, MT5, and cTrader.
- Industry-leading raw spreads (from 0.0 pips)
- Fast execution — ideal for scalping and algo trading
- Wide range of tradeable instruments (1700+)
Who should look elsewhere
No broker fits everyone. Consider another option if the following limitations matter to you.
- No DFSA regulation for MENA clients
- Limited Arabic educational resources
- No proprietary mobile app
Frequently asked questions
Is IC Markets regulated?
IC Markets is regulated by ASIC (335692), CySEC (362/18), SCB (SIA-F214). Review the licensing table for current status.
What is the minimum deposit at IC Markets?
The disclosed minimum deposit starts from $200.
Does IC Markets offer an Islamic account?
IC Markets advertises a swap-free account. This does not constitute a halal or Sharia-compliance verdict; verify its fees and terms.
What platforms does IC Markets support?
IC Markets supports MT4, MT5, cTrader.
What is the maximum leverage at IC Markets?
The disclosed maximum leverage is up to 1:500, subject to account and regulator.
How long do withdrawals take at IC Markets?
Verify the official withdrawal timetable as deposit method processing times are provided, not specific withdrawal times.
Reviews are independent and informational, not investment advice. Trading carries high risk. Regulatory status and terms can change. Last reviewed: July 31, 2026.
