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 holds register-verified licences up to Tier 1, offers MT4, MT5, cTrader, spreads from 0 pips, and leverage up to 1:500.
Best for: An approved suitability assessment is not available.
Look elsewhere if: No DFSA regulation for MENA clients
Regulation & licensing
Each row shows its evidence status. «Verified on the regulator register» means ForexEF read the regulator's public register on the date shown; other rows are as disclosed by the company and remain under review. Licence status can change: check the regulator's register before opening an account.
| Regulator | Full name | Jurisdiction | License number | Tier | Evidence | Status |
|---|---|---|---|---|---|---|
| ASIC | Australian Securities and Investments Commission | Australia | 335692 | Tier 1 | Verified on the regulator register (12 Oct 2026) | Active |
| CySEC | Cyprus Securities and Exchange Commission | Cyprus | 362/18 | Tier 1 | Verified on the regulator register (12 Oct 2026) | Active |
| SCB | Securities Commission of The Bahamas | Bahamas | SIA-F214 | Tier 4 | Verified on the regulator register (12 Oct 2026); number as disclosed by the companyThe register lists the firm but publishes no licence numbers. | Active |
Accounts, spreads & leverage
The spread band is not established by an approved account-specific review. 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: not established by an approved withdrawal-specific review
| 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: Account-specific swap-free terms have not been editorially approved. Verify the contract and fees; this is not a religious ruling.
Who IC Markets is for
An approved suitability assessment is not available.
- 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's licences with ASIC (335692), CySEC (362/18) and SCB were checked on the regulators' public registers (12 Oct 2026). See the licence table for details.
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?
not established by an approved withdrawal-specific review
Reviews are independent and informational, not investment advice. Trading carries high risk. Regulatory status and terms can change. Editorial review date not recorded.
