✅ IC Markets Review 2024: A Comprehensive Broker Breakdown
Looking for a broker that combines low spreads, fast execution, and a huge variety of instruments? 🤔 IC Markets Global might be your perfect match. Let’s dive into every aspect of this well-known broker and see if it lives up to the hype.
🌐 Company Overview
IC Markets is more than just a forex broker — it’s a globally trusted trading hub founded in 2007, designed for serious traders who demand transparency, speed, and institutional-grade execution. With regulation by both ASIC in Australia and CySEC in Cyprus, this ECN powerhouse offers direct access to over 2,250 CFDs across forex, commodities, stocks, indices, crypto, bonds, and futures.
Whether you’re scalping currency pairs or analyzing global markets, IC Markets gives you the edge with support for MT4, MT5, cTrader, and TradingView. Combine that with lightning-fast execution, zero-restriction Islamic accounts, and 24/7 live support, and you get a platform built to perform — not just promise.
| Feature | Detail |
|---|---|
| ⏳Founded | 2007 |
| 🇦🇺Registered In | Australia |
| ✅Regulated By | ASIC (Australia), CySEC (Cyprus) |
| 🌐Trading Instruments | 2,250+ CFDs: Forex, Commodities, Stocks, Indices, Bonds, Crypto, Futures |
| 💳Minimum Deposit | $200 |
| ⚡Max Leverage | Up to 1:1000 |
| 📈Platforms | MT4, MT5, cTrader, TradingView |
| 🙏Islamic Account | Available |
| 📃Demo Account | Available |
| 📢Customer Support | 24/7 Live Chat, Email, Phone |
🔒 Regulation and Safety
IC Markets is considered highly reliable and secure thanks to dual regulation:
- ASIC (Australian Securities and Investments Commission)
- CySEC (Cyprus Securities and Exchange Commission)
These regulators enforce strict compliance measures to ensure fund safety and transparency. The broker is also independently verified by services like WikiFX.
📈 Market Instruments
- ✔ 61 Currency Pairs
- ✔ 24 Commodities (Oil, Gold, etc.)
- ✔ 2,100+ Global Stocks (via CFDs)
- ✔ 25 Indices
- ✔ 9 Bonds
- ✔ 21 Cryptocurrencies
- ✔ 4 Futures
🌍 A perfect platform for traders seeking portfolio diversity.
| Asset Class | Available? |
|---|---|
| 📈Forex | ✅ |
| 📉Commodities | ✅ |
| 📅Stocks (CFDs) | ✅ |
| 📊Indices | ✅ |
| 💲Bonds | ✅ |
| 💹Cryptocurrencies | ✅ |
| 📊Futures | ✅ |
| 📈ETFs | ❌ |
| 🌐Options | ❌ |
💵 Account Types & Minimum Deposit
| ACCOUNT cTrader |
ACCOUNT Raw Spread |
ACCOUNT Standard |
|
|---|---|---|---|
| Trading Platform | cTrader, TradingView | MetaTrader | MetaTrader |
| Commission | $3.0 ($6.0 per USD 100k round turn) | $3.5 ($7.0 per lot round turn) | $0.0 |
| Spreads from (pips) | 0.0 | 0.0 | 0.8 |
| Starting Deposit (USD) | $200 | $200 | $200 |
| Leverage | 1:1000 | 1:1000 | 1:1000 |
| Maximum number of position orders per account | 2000 | 200 | 200 |
| Server Location | London | New York | New York |
| Micro Lot Trading (0.01) | |||
| Currency Pairs | 61 | 61 | 61 |
| Index CFD Trading | |||
| Stop Out Level | 50% | 50% | 50% |
| One Click Trading | |||
| Islamic Accounts | |||
| Trading Styles Allowed | All | All | All |
| Order Distance Restriction | None | None | None |
| Programming Language | C# | MQL4 | MQL4 |
| Suitable For | Day Traders & Scalpers | EAs & Scalpers | Discretionary Traders |
✨ All accounts support Islamic swap-free mode & leverage up to 1:1000.
⭐ Comparison With Other Brokers
| Broker | Min Deposit |
| IC Markets | $200 |
| Exness | $10 |
| AvaTrade | $100 |
| Axi | $0 |
✏️ Demo Account
Perfect for beginners, IC Markets offers a 30-day demo account with features like:
- Real market conditions
- Access to MT4, MT5, cTrader
- Up to $5,000,000 in virtual funds
ℹ️ Setup is quick and requires only basic info. Great for practicing strategies risk-free!
⚡ Leverage
IC Markets offers leverage up to 1:1000, giving traders the ability to control large positions with smaller capital. However, such high leverage should be used wisely due to the risks involved.
| Account Type | Max Leverage |
|---|---|
| Standard | 1:1000 |
| Raw Spread (MT4/5) | 1:1000 |
| Raw Spread (cTrader) | 1:1000 |
🕹️ Trading Platforms
| Platform | Devices Supported | Best For |
|---|---|---|
| MetaTrader 4 | Windows, Mac, iOS, Android | Beginners |
| MetaTrader 5 | Windows, Mac, iOS, Android | Advanced traders |
| cTrader | Windows, Web, Android, iOS | Scalping |
| TradingView | Web | Chart lovers |
IC Markets supports all major trading platforms with access to expert advisors (EAs), custom indicators, and fast execution.
📧 Deposits & Withdrawals
| Method | Fee | Processing Time |
|---|---|---|
| 💳Visa/MasterCard | Free | 3–5 business days |
| 📧PayPal | Free | Instant |
| 💰Skrill/Neteller | Free | Instant |
| 🏦Bank Transfer | Varies | 3–10 business days |
| 💹Crypto | Free | Instant |
• No deposit/withdrawal fees by IC Markets
• Withdrawals must be from the same source as the deposit
🛎️ Customer Support
IC Markets Global provides 24/7 multilingual support via:
- Live Chat
- Email: support@icmarkets.com
- Phone: +248 467 1976
Available Monday to Saturday (AEDT), and via email Sunday to Friday (GMT).
📝 Final Verdict
IC Markets Global stands out as a top-tier broker with:
- Tight spreads ✅
- Low commissions ✅
- Variety of instruments ✅
- Regulated safety ✅
- Solid platform choices ✅
Whether you’re a beginner or a pro, IC Markets offers a trading environment that caters to all levels of experience.
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