Broker review
IC Markets review 2026: fees, platforms and regulation
IC Markets was founded in Sydney in 2007 and now trades globally as IC, through Raw Trading Ltd in the Seychelles. It offers raw-spread and standard accounts on MetaTrader 4, MetaTrader 5, cTrader and TradingView.
Figures last verified 3 Nov 2026 Checked against IC Markets' own websites and legal documents
Visit IC MarketsWe may earn a commission if you open an account through this link. It never affects our scores. Affiliate disclosure. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Key facts
Global brand
IC (ic.com), operated by Raw Trading Ltd
Minimum deposit
$0 on Raw Spread, cTrader and Standard (global site); $5,000 Raw Pro; $100,000 Raw Pro+
Accounts
Raw Spread (MetaTrader), Raw Spread (cTrader), Standard, Raw Pro, Raw Pro+
Platforms
MT4, MT5, cTrader, TradingView (cTrader account)
Max leverage
1:30 for EU retail clients (CySEC); up to 1:5000 on MetaTrader and 1:1000 on cTrader at Raw Trading Ltd
Deposit and withdrawal fees
None charged by IC; banks may charge
Swap-free account
Available
Fees and spreads
IC's global site states an average EUR/USD spread of 0.1 pips on Raw Spread, with $3.50 per lot per side on MetaTrader ($7 round turn). Raw Pro ($5,000 minimum) and Raw Pro+ ($100,000) cut the commission to $1.50 and $1.00 per side. The EU site lists the same Raw Spread and Standard pricing at 1:30 leverage.
Account
EUR/USD spread
Commission
Raw Spread (MetaTrader)
From 0.0 pips (average EUR/USD 0.1)
$3.50 per lot per side
Raw Spread (cTrader)
From 0.0 pips
$3.00 per USD 100k
Standard
From 0.8 pips
None
Raw Pro / Raw Pro+
From 0.0 pips
$1.50 / $1.00 per lot per side
Platforms
MetaTrader 4 and 5 run on servers in New York (Equinix NY4); cTrader runs in London and connects to TradingView. See MT4 vs MT5.
Regulation and legal entities
Most clients outside the EU and Australia are onboarded by Raw Trading Ltd, regulated in the Seychelles, which offers very high leverage and fewer protections than tier-one regulators. Raw Trading Ltd does not serve residents of the US, Canada and some other countries. IC Markets does not list an FCA-authorised UK company.
Raw Trading Ltd (IC, IC Markets Global)
FSA (Seychelles)
SD018
IC Markets (EU) Ltd
CySEC (Cyprus)
362/18
International Capital Markets Pty Ltd
ASIC (Australia)
AFSL 335692
IC Markets Ltd
SCB (Bahamas)
SIA-F214
Strengths
✓Raw pricing from 0.0 pips with a published commission, and lower commission on Raw Pro accounts.
✓MT4, MT5, cTrader and TradingView in one place.
✓No minimum deposit on the main global accounts and no IC deposit or withdrawal fees.
✓CySEC-regulated EU company with 1:30 retail leverage.
Things to check
✕Offshore entity. Global clients join Raw Trading Ltd (Seychelles), with leverage up to 1:5000 and no tier-one compensation scheme.
✕No UK entity. UK residents cannot use an FCA-authorised IC company.
✕Rebrand. The global site now operates as IC at ic.com; check you are on the official domain.
Who it may suit
Active traders and scalpers who want raw pricing on MetaTrader or cTrader and can use the EU or Australian company, or who understand the trade-offs of the Seychelles entity.
Read how we score brokers, check the legal entity you would join, and compare terms side by side on our compare page.
Sources
- IC account overview (global)
- IC regulation
- IC funding
- IC Markets EU account overview
Compare IC Markets head to head:Pepperstone vs IC Markets, IC Markets vs Eightcap and FxPro vs IC Markets. Trading from Australia? See our ASIC broker shortlist.
FA
Researched by the Forex Awards research desk
Terms change often and can differ by country. Always confirm the figures for your entity on the broker's site before opening an account. Spotted something out of date? Tell us.
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