IC Markets Review 2026
IC Markets offers raw spreads from 0.0 pips on MetaTrader and cTrader, though most clients trade under its Seychelles license, not a top tier regulator.
Min Deposit
$200
Spreads From
0.0 pips
Max Leverage
1:30
Platforms
4
Pros
- Raw Spread account offers spreads from 0.0 pips on EUR/USD
- Choice of MetaTrader 4, MetaTrader 5, and cTrader platforms
- Real regulation from ASIC in Australia and CySEC in Cyprus
- Open to clients in more than 200 countries worldwide
- Free VPS hosting for traders who meet a volume threshold
Cons
- Most clients fall under the Seychelles FSA license only
- CySEC fined the Cyprus entity 250,000 euros in 2024
- FCA warned the Seychelles entity is not authorised in the UK
- Trustpilot reviewers report slow, document heavy withdrawals
- An Australian class action over CFD sales is still active
- Seychelles entity allows up to 1:5000 leverage, far above EU and Australian retail limits
IC Markets began in 2007 in Sydney, founded by Andrew Budzinski. It is now one of the largest CFD brokers by volume. In July 2026 it moved its site from icmarkets.com to ic.com as part of a rebrand to IC. It holds licenses from ASIC, CySEC, and the Seychelles FSA, though the ASIC entity has not served clients outside Australia since 2019.
Trading costs are a real strength. The Raw Spread account starts from 0.0 pips with a small commission, and EUR/USD spreads average close to 0.1 pips. Traders can use MetaTrader 4, MetaTrader 5, or cTrader, with TradingView linked to the cTrader Raw account. Minimum deposit is $200.
The record has real flaws. CySEC fined the Cyprus entity 250,000 euros in 2024, partly for secretly offering banned high leverage through an outside firm. The FCA warned that the Seychelles entity was not authorised to promote in the UK. On Trustpilot it scores 4.8 from about 55,000 reviews, but low star reviews describe slow, document heavy withdrawals.
Min. Deposit
USD 200
Max Leverage
1:30 for retail clients in the EU and Australia. Up to 1:5000 on small forex positions through the Seychelles entity most clients use, tiered lower on bigger trades
Spreads From
0.0 pips (Raw Spread account)
Platforms
IC Markets began in 2007 in Sydney, founded by Andrew Budzinski. It is now one of the largest CFD brokers by volume. In July 2026 it moved its site from icmarkets.com to ic.com as part of a rebrand to IC. It holds licenses from ASIC, CySEC, and the Seychelles FSA, though the ASIC entity has not served clients outside Australia since 2019.
Trading costs are a real strength. The Raw Spread account starts from 0.0 pips with a small commission, and EUR/USD spreads average close to 0.1 pips. Traders can use MetaTrader 4, MetaTrader 5, or cTrader, with TradingView linked to the cTrader Raw account. Minimum deposit is $200.
The record has real flaws. CySEC fined the Cyprus entity 250,000 euros in 2024, partly for secretly offering banned high leverage through an outside firm. The FCA warned that the Seychelles entity was not authorised to promote in the UK. On Trustpilot it scores 4.8 from about 55,000 reviews, but low star reviews describe slow, document heavy withdrawals.
Standard
- Tiered spreads
Raw Spread
Multiple currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- ASIC (Australia)
- CySEC (Cyprus)
- FSA (Seychelles)
