The verdict in 30 seconds
IC Markets is a leading forex and CFD broker headquartered in Sydney, Australia. Known for offering some of the tightest raw spreads in the industry with institutional-grade liquidity. Popular among scalpers and algorithmic traders for fast execution speeds.
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 seeking fast execution for scalping and algorithmic trading across a wide range of over 1,700 tradeable instruments. It accommodates clients looking for platforms such as MT4, MT5, and cTrader, alongside raw spreads starting from 0.0 pips. The broker holds active tier-1 regulation from ASIC and CySEC, as well as tier-4 regulation from SCB.
Look elsewhere if: No DFSA regulation for MENA clients
Regulation & licensing
Hero and current-regulator claims include only independently verified active operating licences. This detailed evidence table also preserves company-disclosed and unverified active rows; inactive, historical, related-group, and non-licence records remain separate.
| Regulator | Full name | Jurisdiction | License number | Tier | Evidence | Status |
|---|---|---|---|---|---|---|
| ASIC | Australian Securities and Investments Commission | Australia | 335692 | Tier 1 | Legacy record; evidence review pending | Active |
| CySEC | Cyprus Securities and Exchange Commission | Cyprus | 362/18 | Tier 1 | Legacy record; evidence review pending | Active |
| SCB | Securities Commission of The Bahamas | Bahamas | SIA-F214 | Tier 4 | Legacy record; evidence review pending | Active |
Accounts, spreads & leverage
The spread band is Spreads starting 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: Deposit processing times range from instant to 1-3 business days; verify the official withdrawal timetable as specific withdrawal processing times are not provided.
| 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 discloses an Islamic (Raw Spread) account type alongside general swap-free account availability. Swap-free availability alone is not a religious verdict, so traders must check the official terms to evaluate religious compliance.
Who IC Markets is for
IC Markets is best suited for traders seeking fast execution for scalping and algorithmic trading across a wide range of over 1,700 tradeable instruments. It accommodates clients looking for platforms such as MT4, MT5, and cTrader, alongside raw spreads starting from 0.0 pips. The broker holds active tier-1 regulation from ASIC and CySEC, as well as tier-4 regulation from SCB.
- 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?
Deposit processing times range from instant to 1-3 business days; verify the official withdrawal timetable as specific withdrawal processing times are not provided.
Reviews are independent and informational, not investment advice. Trading carries high risk. Regulatory status and terms can change. Last reviewed: September 14, 2026.
