IC Markets Broker Overview
IC Markets Features
- Five live account types: Standard, Raw Spread on MetaTrader, Raw Spread on cTrader, Raw Pro and Raw Pro +
- Minimum deposit of zero on the Standard and both Raw Spread accounts, $5,000 on Raw Pro and $100,000 on Raw Pro +
- Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView and WebTrader
- Forex leverage up to 1:5000, tied to position size rather than account balance: 0 to 25 lots = 1:5000 · 25 to 50 lots = 1:3000, stepping down above that. It is cut to 1:500 or lower during high margin requirement (HMR) periods
- Leverage on other instruments: metals up to 1:2000 · energy 1:500 · cryptocurrencies 1:500 · indices 1:200 · bonds 1:200 · futures 1:200 · shares 1:20
- Leverage on the cTrader account: 1:1000
- Deposit methods: credit and debit cards, PayPal, Neteller, Skrill, UnionPay, bank transfer, Bpay, broker-to-broker transfer, POLi, Klarna, Rapidpay, local banking services in Thailand and Vietnam, and cryptocurrencies (BTC, ETH, USDC, USDT)
- No deposit or withdrawal fees charged by the company, though international bank transfers can take up to 14 days and may carry intermediary or beneficiary bank charges
- No inactivity fee
- A swap-free option available on the Raw Spread and Standard accounts across MetaTrader 4, MetaTrader 5 and cTrader, covering more than 90 instruments. No swap or interest is charged, but holding fees apply to positions left open beyond a five-day grace period, and additional documentation may be requested
About IC Markets
The entity that serves international clients, including those in the Middle East, is Raw Trading Ltd, licensed by the Seychelles Financial Services Authority as a Securities Dealer under number SD018 (company registration 8419879-1). It operates under the trading names IC and IC Markets Global, and the figures on this page describe that entity. For how it compares with other brokers, see our full forex broker comparison.
Two other companies in the group are regulated elsewhere and on different terms: IC Markets (EU) Ltd, holding CySEC licence 362/18 (registration HE 356877), and International Capital Markets Pty Ltd, regulated by the Australian Securities and Investments Commission under AFSL number 335 692. Which company holds your account determines which rules and protections apply to it — these licences are not a single combined status.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Account Types at IC Markets
| Account type | Minimum deposit | Commission | Platform |
|---|---|---|---|
| Standard | Zero | No commission — spread-inclusive | MetaTrader 4 · MetaTrader 5 |
| Raw Spread (MetaTrader) | Zero | $3.50 per lot per side ($7 round turn) | MetaTrader 4 · MetaTrader 5 |
| Raw Spread (cTrader) | Zero | $3 per $100,000 traded | cTrader · TradingView |
| Raw Pro | $5,000 | $1.50 per lot per side | MetaTrader |
| Raw Pro + | $100,000 | $1 per lot per side | MetaTrader |
Spreads
IC Markets does not publish a spread figure that can be confirmed. Its own pages carry conflicting numbers: the live pricing table shows a minimum of 0 and an average of 0.01 for EUR/USD on the Raw Spread account, while the Raw Spread account page states an average EUR/USD spread of 0.1 pips. For the Standard account, the account page states spreads from 0.08 pips while the account comparison table on the same site states 0.8 pips — a tenfold difference. No spread figure is stated here for that reason.
Licensing
Raw Trading Ltd holds a Securities Dealer licence from the Seychelles Financial Services Authority under number SD018, with company registration 8419879-1. This is the licence that applies to accounts opened with the international entity.
International Capital Markets Pty Ltd is the Australian company behind the IC Markets brand. It holds an Australian Financial Services Licence to conduct financial services business in Australia, limited to the services that licence covers: ACN 123 289 109, AFSL number 335 692. IC Markets (EU) Ltd holds CySEC licence 362/18 under registration HE 356877. Regulatory status can change, so check it directly with the relevant regulator before depositing funds.
Open a Real Account
Disclaimer
This overview is for educational purposes only and is not investment advice. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page contains an affiliate link to IC Markets; we may earn a commission if you sign up through it, at no extra cost to you.