IC Markets Review
✨ Regulated Broker
✨ Founded 2007 · Sydney
💰 Raw Spreads from 0.0 pips
💰 Low Commission
🖥️ Trading Platforms
★ Trustpilot 4.8 / 5
🛡️ Segregated Client Funds
🖥️ 2250+ Instruments
📊 Up to 1:500 Leverage
✨ Strategy Freedom
🏦 IC Markets at a Glance — Broker Profile & Stats
🔎 Who is IC Markets?
Quick answer: IC Markets is a true ECN forex and CFD broker founded in Sydney in 2007 and regulated by ASIC and CySEC. It offers raw spreads from 0.0 pips, fast execution and 2,250+ instruments across MT4, MT5, cTrader and TradingView, making it a benchmark for low-cost, high-speed trading.
🛡️ Regulation & Safety
🛡️ What Traders Say on Trustpilot
🖥️ Markets & 2,250+ Instruments
💹 Account Types & Spreads
💰 Raw Spread (MT4/MT5)
💰 Raw Spread (cTrader)
💳 Standard Account
✨ Trading Freedom
⚖️ Top IC Markets Alternatives
Pepperstone ★★★★★
BlackBull ★★★★★
FP Markets ★★★★½
Eightcap ★★★★½
Other ASIC-regulated brokers we have reviewed include FXTrading.com, Global Prime and Blueberry Markets.
🖥️ Trading Platforms
🖥️ MetaTrader 4 & 5
🖥️ cTrader
✨ TradingView
✨ Raw Trading Tech
💰 Fees, Commissions & Leverage
💰 Spreads & Commissions
📊 Leverage
🛡️ Funding
🚫 Restricted Countries
❓ Jurisdictions IC Markets Does Not Serve
✨ Best For
Automated traders (EAs), scalpers, and high-volume traders who need the lowest possible entry and exit costs.
💰 Commission
Instead of adding a markup to the spread, IC Markets charges a flat commission.
- MetaTrader 4/5: $3.50 per side per standard lot ($7.00 round turn).
- cTrader: $3.00 per side per $100k USD ($6.00 round turn).
🎥 Video Guides & Reviews
✨ Watch Before You Trade with IC Markets
💰 Commission
There is $0 commission charged on trades.
✨ Best For
Discretionary traders, beginners, or swing traders who hold positions for longer periods and are less affected by small spread fluctuations.
⭐ Feature Summary and Final Recommendation
✨ Strategic Selection Based on Volume and Style
To help you decide, here is a quick breakdown of how these accounts compare side-by-side in the current 2026 market:
| Feature | Raw Spread Account | Standard Account |
|---|---|---|
| Minimum Spread | From 0.0 pips | From 0.6 pips |
| Commission | $3.50 / lot (per side) | $0.00 |
| Execution Type | ECN / STP | ECN / STP |
| Ideal For | Scalpers & EAs | Long-term & Manual Traders |
Which One Should You Choose?
In 2026, the Raw Spread Account remains the most cost-effective option for active traders. While paying a commission might seem like an extra step, the savings you gain from 0.0 pip spreads often far outweigh the commission costs compared to the Standard account's markup. However, if you prefer a clean "zero-commission" interface and don't trade frequently, the Standard Account provides a hassle-free experience.
⭐ IC Markets Islamic Account: Features of the Swap-Free Trading Option
✨ Aligning Institutional Trading with Sharia Principles
For traders who follow the Islamic faith, IC Markets offers a specialized Islamic (Swap-Free) Account. This option is designed to ensure compliance with Sharia law, which prohibits the earning or paying of interest (Riba). Below are the key features and operational details of this account type as of 2026.
✨ No Swap or Interest Charges
✨ No Riba
You will neither pay nor earn interest on any currency, metal, or index positions held overnight.
✨ Sharia Compliance
This allows Muslim traders to engage in long-term trading strategies without violating religious principles.
💳 Available on Multiple Account Types
💰 Raw Spread Islamic
Benefit from 0.0 pip spreads while remaining swap-free.
✨ Standard Islamic
Enjoy commission-free trading with the same swap-free benefits.
🖥️ Platform Support
📈 Available across MetaTrader 4, 📈 MetaTrader 5, 📈 and cTrader.
💰 Transparent Fee Structure
💰 Flat Administration Fees
On certain instruments (specifically exotic currency pairs), a small fixed administration fee may be charged if a position is held for more than a specific number of days (usually a 5-day grace period for majors).
💰 Standard Commissions
The standard commissions ($3.50 per side on Raw Spread) and spreads still apply, ensuring that the trading environment remains institutional-grade.
🖥️ Wide Range of Tradable Instruments
✨ Forex
Over 60+ currency pairs.
✨ Commodities
• Gold, • Silver, • and Crude Oil.
✨ Indices
Global markets like the S&P 500 and FTSE 100.
❓ How to Open an IC Markets Islamic Account?
Steps to Request Islamic Account Status
To activate the swap-free option, you must first register for a live account. Once your identity is verified, you can submit a request to the support team to convert your account to "Islamic" status. IC Markets may require a brief justification or documentation to confirm the necessity of the swap-free status.
⚖️ Pros and Cons of IC Markets
💰 IC Markets Pricing & Account Plans
IC Markets is built around its True ECN Raw Spread account, with costs in the commission rather than the spread.
| Account | Spread | Commission | Min deposit | |
|---|---|---|---|---|
| Raw (MT4/MT5) ★ | from 0.0 | $7 round turn | $200 | Open Account |
| Raw (cTrader) | from 0.0 | $6 round turn | $200 | Open Account |
| Standard | from 0.6–0.8 | None | $200 | Open Account |
The cTrader Raw account’s $6 round-turn commission is among the lowest anywhere — ideal for high-volume scalpers.
⚖️ IC Markets vs Pepperstone vs BlackBull
How does IC Markets compare with two other top ECN brokers?
| Feature | IC Markets | Pepperstone | BlackBull |
|---|---|---|---|
| Raw EURUSD spread | 0.0 | 0.0 | 0.0 |
| Commission | $6–7 | $7 | $6 |
| Min deposit | $200 | $0 | $0 |
| Regulation | ASIC·CySEC·FSA | ASIC·FCA·CySEC·DFSA | FMA NZ |
| Platforms | MT4·MT5·cTrader·TV | MT4·MT5·cTrader | MT4·MT5·cTrader·TV |
| Trustpilot | 4.8/5 | 4.6/5 | 4.7/5 |
Verdict: IC Markets leads on Trustpilot volume and execution tech, with the cheapest cTrader commission. Pepperstone and BlackBull match it closely and offer a $0 minimum — all three are excellent ECN choices.
🛡️ Why Choose IC Markets as Your Trusted Broker?
IC Markets is one of the world’s largest True ECN forex and CFD brokers, founded in Sydney in 2007 and regulated by ASIC, CySEC (with ICF cover) and the Seychelles FSA. It’s the benchmark for low-cost, high-speed trading, with raw spreads from 0.0 pips and institutional-grade execution on Equinix servers.
What stands out: raw spreads from 0.0 with a ~$7 (MT4/MT5) or $6 (cTrader) round-turn commission, four platforms (MT4, MT5, cTrader, TradingView), 2,250+ instruments, no restrictions on scalping, hedging or EAs, and an exceptional 4.8/5 Trustpilot score across 52,000+ reviews.
What to weigh: the $200 minimum is a touch higher than some rivals, the headline 1:500 leverage applies only to the offshore entity (ASIC/CySEC clients get 1:30), and there’s no proprietary platform. US clients aren’t accepted.
Bottom line: IC Markets is a top-tier, well-regulated ECN broker and an outstanding choice for active traders, scalpers and algo traders who want the tightest pricing and fastest execution.
Frequently Asked Questions
Key questions about IC Markets — regulation, raw-spread pricing, platforms, leverage and instruments.