IC Trading vs IC Markets (2024)

Review

3.8

Review

4.8

Traders from US not accepted

See available CFD brokers

Traders from US not accepted

See available CFD brokers

IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

Customer Reviews

Based on 2 IC Markets customer reviews

Comment by Reviewer "With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. " "IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders." Pros

IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.
IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.
Trading Central and Autochartist are valuable tools for in-depth technical summaries and actionable trading ideas and are accessible from within the account area or the cTrader platform.

IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.

Cons

Despite being part of the trusted IC Markets group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
Customer support performed woefully during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.
The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.

While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.

Awards

Best MT4/MT5 Broker 2023 - DayTrading.com
Best Forex Broker 2022 - DayTrading.com
Best Overall Broker 2020 - DayTrading.com
Best Trading App 2020 - DayTrading.com

Instruments CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto Demo Account Yes Yes Minimum Deposit $200 $200 Trading Platforms

MT4
MT5
cTrader
AutoChartist
TradingCentral

MT4
MT5
cTrader
TradingView
TradingCentral
DupliTrade

Payment Methods

Credit Card
Debit Card
Mastercard
Neteller
PayPal
Visa
Wire Transfer

BPAY
Credit Card
Klarna
Mastercard
Neteller
PayPal
POLi
Rapid Transfer
SafeCharge
Skrill
Swift
UnionPay
Visa
Wire Transfer

Minimum Trade 0.01 Lots 0.01 Lots Regulator FSC ASIC, CySEC, FSA Margin Trading Yes Yes STP Account No No ECN Account Yes Yes DMA Account No Yes MAM Account No Yes PAMM Account No Yes LAMM Account No No Demat Account No No AI / Machine Learning No No Robo Advisor No No Negative Balance Protection No Yes Market Maker No No P2P Trading No No Spot Trading Yes Yes Mobile Apps iOS & Android iOS & Android App Review

IC Trading provides a range of powerful apps that let you trade from a variety of devices. There’s no proprietary app – which may be a red flag for beginner traders – but MetaTrader 4/5 and cTrader apps are available for mobile devices. These industry-proven apps let you access advanced charting tools, execute day trades swiftly, and conduct in-depth market analysis on the move.

IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive.

Android App Rating

4.6

4.2

iOS App Rating

4.8

3.1

Auto Trading Expert Advisors (EAs) on MetaTrader, cBots on cTrader Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade Copy Trading No Yes Copy Trading Platform Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. Social Trading No Yes Trade Signals Signal Start VPS Hosting Yes Yes Tournaments No No Demo Competitions No No Ethical Investing No No Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $0 Islamic Account Yes Yes Account Currencies

Stock Exchanges

Australian Securities Exchange (ASX)
CAC 40 Index France
DAX GER 40 Index
Dow Jones
Euronext
FTSE UK Index
Hang Seng
IBEX 35
Nasdaq
New York Stock Exchange
Russell 2000

Australian Securities Exchange (ASX)
CAC 40 Index France
DAX GER 40 Index
Dow Jones
Euronext
FTSE UK Index
Hang Seng
IBEX 35
Nasdaq
New York Stock Exchange
Russell 2000

Commodities

Cocoa
Coffee
Corn
Cotton
Gold
Natural Gas
Oil
Orange Juice
Palladium
Platinum
Silver
Soybeans
Sugar
Wheat

Cocoa
Coffee
Corn
Gold
Natural Gas
Oil
Orange Juice
Silver
Soybeans
Sugar
Wheat

CFD Trading IC Trading specializes in CFD trading with over 2,250 tradable assets spanning sought-after markets including forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and cutting-edge bridge technology, the broker provides excellent trading conditions for short-term traders looking for leveraged derivatives. You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike. Leverage 1:500 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) FTSE Spread 2.133 1.0 GBPUSD Spread 0.23 0.23 Oil Spread 0.028 0.03 Stocks Spread Variable 0.02 Forex Trading IC Trading delivers remarkably narrow forex spreads across 60+ currency pairs, particularly on key forex assets like EUR/USD. This renders it an outstanding choice for forex day traders in pursuit of superior pricing with top-tier execution speeds. High-volume traders also stand to gain significant advantages, with rebates reaching up to $2.50 per forex lot. IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. Forex App

IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps.

GBPUSD Spread 0.2 0.23 EURUSD Spread 0.1 0.02 EURGBP Spread 0.3 0.27 Assets 60+ 75 Cryptocurrency You can trade over 20 of the most popular cryptos with leverage up to 1:200 seven days a week, although direct trading of the underlying asset like purchasing Bitcoin or Ethereum is not facilitated. The selection of tokens also trails Eightcap, which picked up our 'Best Crypto Broker' award, offering 100+ crypto derivatives. IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access high leverage up to 1:200 in the MetaTrader platforms. Spread Floating BTC 42.036 Coins

BTC
ETH
DSH
LTC
BCH
XRP
EOS
EMC
NMC
PPC
DOT
XLM
LINK
DOGE
XTZ
UNI
ADA
BNB
AVAX
LUNA
MATIC
GLMR
KSM

Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

Review

FAQs

What is better than IC Markets? ›

In our expert view, the best alternatives to IC Markets are: Forex.com - Global CFD and forex broker. Oanda - US forex broker. IG - Global CFD and forex broker.

Does IC Markets trade against you? ›

IC Markets. By setting up a Live or Demo account, you can truly be in the driver's seat of your trading strategy. Unlike market maker brokers, we don't trade against you. Ever.

Is IC market real or fake? ›

While it is true that some traders may have had negative experiences with the broker, this does not necessarily mean that IC Markets is a scam. In fact, IC Markets is a well-established and reputable broker in the forex and CFD industry.

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Can Americans use IC Markets? ›

After you activate your profile you will be able to log into your secure client area. Unfortunately US CFTC regulation prevents US residents from trading with brokers outside the US. As IC Markets is a regulated broker in Australia we are required to comply with International and Australian regulations.

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Is my money safe with IC Markets? ›

IC Markets Global is authorised and regulated by Financial Services Authority of Seychelles (FSA).

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Why can't I withdraw from IC Markets? ›

IC Markets requires traders to withdraw funds using the same payment method initially used for depositing. If the original payment method is no longer available or has expired, traders may need to provide additional documentation or choose an alternative withdrawal method, which can lead to delays.

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Why is IC Markets the best? ›

IC Markets Global is able to offer some of the best pricing in the industry by aggregating quotes from over 25 different pricing sources. This low pricing combined with unrivalled execution speeds makes IC Markets Global the favoured destination for day traders, scalpers and those using Expert Advisors (EAs).

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Is scalping allowed in IC Markets? ›

The Ultimate in Trading Conditions

IC Markets Global has been created with traders in mind. Scalping, hedging, and automated trading are all allowed. Our Raw Spread account spreads start from 0.0 pips.

What is the minimum withdrawal from IC Markets? ›

The Company has no minimum amount requirement; however, the client needs to be aware of potential intermediary/beneficiary bank fees.

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Does IC Markets pay out? ›

No worries - IC Markets is a reliable broker that lets you access your funds any time. There are several ways to withdraw your money, including bank transfers. In most cases, you can get your money back within 2 days. IC Markets charges $0 for basic withdrawals, but some methods may cost more.

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What is the minimum deposit for IC Markets? ›

What is the minimum amount needed to open a trading account? IC Markets Global allows clients to open a trading account with as little as USD $200 or currency equivalent.

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Who owns IC Markets? ›

IC Markets was in 2007 founded by Andrew Budzinski, who in 2022 ranked number 50 on Australia's Richest 250, worth $2.5 billion. The 49-year-old has grown his fortune from foreign exchange and cryptocurrency trading.

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Is IC Markets raw or standard? ›

While Standard Accounts are suitable for beginners and offer simplicity and ease of use, Raw Spread Accounts are preferred by experienced traders for their tighter spreads and lower trading costs. When deciding between the two, it is essential to consider your trading style, experience, and preferences.

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What countries are IC Markets restricted? ›

Restricted Countries: Raw Trading Ltd does not provide services for residents of certain countries such as the United States of America, Canada, Brazil, Israel, New Zealand, Iran and North Korea (Democratic People's Republic of Korea) or a country where such distribution or use would be contrary to local law or ...

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Which is better XM or IC Markets? ›

XM offers a lower minimum deposit requirement than IC Markets, making it more accessible for beginners. IC Markets provides tighter spreads compared to XM, offering better value for traders. XM has a broader range of educational resources, beneficial for new traders.

Is IC Markets better than FXPrimus? ›

Is IC Markets better than FXPrimus? In our analysis of 23 international regulators across 62 of the best forex brokers, IC Markets is considered Trusted, with an overall Trust Score of 84 out of 99. FXPrimus is considered Average Risk, with an overall Trust Score of 71 out of 99. Learn more about Trust Score.

Is Pepperstone better than IC Markets? ›

Both brokers offer a nearly identical product and services portfolio, including maximum leverage of 1:500 and quality research. IC Markets maintains a better in-depth educational section and is a prime destination for automated trading solutions, while Pepperstone has a volume-based rebate program.

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