IC Markets Spreads And Fees Review

IC Markets Fees Calculator

Our IC Markets calculator uses commissions that are pegged to the base currency a trader chooses and the average IC Markets spreads published by IC Markets and competitors each month. Calculating these two variables with live crosses (or the last cross at the close of business on Friday) allowed this calculation.

Summary Of IC Markets Spreads

Pepperstone came out ahead on no-commission accounts in our September 2026 Lowest Spread Forex Brokers comparison, with IC Markets competitive but less consistent across the pairs. I rate Pepperstone ahead on the platforms, the service desk, and the rulebook behind it as well. More detail sits in our Pepperstone Review.

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026, corrected 12 Oct 2026

FP Markets led on raw account spreads in our September 2026 Lowest Spread Forex Brokers comparison, while IC Markets stayed competitive on some major pairs. I give FP Markets the edge for raw pricing, and it also carries similar regulation and the same platform range. Our FP Markets Review covers the full comparison.

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026, corrected 12 Oct 2026

We have broken up the other fees and transaction costs a trader is likely to encounter with IC Markets and explained what these fees entail.

Trading CFDs on forex, shares, bonds, indices, and other products means dealing with three separate cost types, set out below.

• Trading and brokerage fees: the cost of executing a trade, charged as a spread or a commission. A spread is the gap between the buy and ask prices, expressed in pips or in pipettes, which are one tenth of a pip. Commission keeps spreads narrower because the broker charges per side of each lot traded instead of marking up prices, as with the 0.8 pip markup on the Standard account.
• Non-trading costs: the operational costs of holding the account, such as funding fees and inactivity fees.
• Other and ancillary costs: optional tools you can add, such as social trading services like ZuluTrade and Myfxbook Automate, which sometimes carry a cost of their own, though I would treat them as optional rather than essential.

A global account sits with Raw Trading Ltd, trading as IC Markets Global under a Securities Dealer licence from the FSA of Seychelles, and the firm deals with clients as principal. I would weigh that structure carefully, as no government-backed compensation scheme sits behind the account.

IC Market Forex Fees

IC Markets runs a no dealing desk model, drawing ECN and STP style prices from 25 different liquidity providers, which keeps costs below what traditional brokers charge. Because nothing sits between you and the raw prices, as explained in No Dealing Desk Brokers, spreads stay low and the broker earns commission instead of widening them. I think this model suits anyone focused on keeping per-trade costs down.

The account type determines the brokerage fee, and the live accounts available are listed below.

• Standard account -This account charges no commission and instead adds a 0.8 pip markup to the raw prices behind the RAW account, with major pairs carrying an advertised minimum spread of 0.8 pips.
• RAW spreads account, This account uses ECN/STP style trading. Spreads are low because they are set by the liquidity providers. IC Markets do not interfere with the final spreads but instead, charge a commission. The commission is A$4.50 each way and A$9.00 round turn on an AUD account, or US$3.50 each way and US$7.00 round turn on a USD account, for each standard lot of 100,000 units, billed in the base currency of the account. To use this account you must be using the MetaTrader platform
• Raw spread account (cTrader), Like the RAW spreads account, this account uses ECN-STP style trading for spreads but is for traders using the cTrader platform. cTrader has more advanced charting functionality with CFD trading on the forex market compared to some other platforms. Commission, however, is different being USD$3 per USD$100,000 traded.

You can view our IC Markets Raw Spread vs Standard Accounts comparison to understand the differences between the two accounts.

Other expenses

• Rollover rate: also called the overnight swap or finance fee, this is the interest charge for holding your position open past closing, set by the gap between the interest rates of the two currencies. The charge triples on a Wednesday night, and the calculation is lots multiplied by swap points multiplied by point size.

Standard Account

The Standard account charges no commission and adds a 0.8 pip markup to raw prices, with majors from 0.8 pips as the advertised minimum. I would choose it only if you are starting out and prefer one simple all-in cost.

Trading cost for Standard Account

A 0.8 pip markup sits on top of the raw inter-bank prices IC Markets draws from its liquidity providers, and no commission applies.

By way of example, a 0.1 pip raw spread, such as a quote of 0.80000/0.80001, becomes a 0.9 pip Standard spread once the 0.8 pip markup is applied. That 0.9 pip spread is illustrative, not a measured figure or an average.

To calculate your spread cost apply the following formula

Total cost = (Spread) x (Pip Cost) x (Number of Lots Traded)

To trade in your base currency then apply the following pip cost:

• Micro-lots (1000 lots base currency) then your pip cost will be $0.10c
• Mini-lots (10,000 lots base currency) then your pip cost will be $1
• Standard-lots (lots base currency) then your pip will be $10

Should your account not be the base currency then you will need to convert the currency, then the formula is

Pip value in quote currency (ask) = (1 pip/exchange rate) x lot size (the bid quote or base currency) or

Pip value per lot (1 pip) which is 0.0001 / exchange rare or current price of the pair x lot size (in base currency)

(not JPY is calculated differently)

IC Markets Standard Account Cost Example

RAW Spreads Account

If you want the lowest possible spreads, this is the account I would pick. Raw Spread suits scalpers and day traders, and ECN style conditions keep the spreads narrow because the liquidity providers set them. Commission replaces any markup, so the cost stays transparent.

Raw Spread Account Trading Costs

Raw Spread charges a commission instead of a wider spread, with the per-lot rates set out next.

• Standard lot (100,000 units) = USD$3.50/USD$7 round turn
• Mini-lot (10,000 units) = USD$0.35 / USD$0.70 round turn
• Micro-lot (1000 units) = USD$0.035 / USD$0.070 round turn

Calculating The Commission Cost

When you open 5 standard lots long, 500,000 units, the commission is US$17.50 (5 x US$3.50), and when you close the position it is another US$17.50, so the trade costs US$35 in total.

Raw Spread Costs On cTrader

cTrader Raw matches the Raw Spread account except that it runs on the cTrader platform rather than MetaTrader. I would note that the commission follows units traded rather than lots, US$3 per US$100,000 bought and US$3 per US$100,000 sold.

Comparing Spreads with other brokers

Raw Spread pricing under ECN style execution compares closely with Pepperstone’s raw account, and both brokers run similar pricing policies. I would put IC Markets ahead of FxPro in many markets on raw spreads, which are good for scalping. ECN style spreads sit among the lowest on the market, so the account suits strategies that depend on tight entries.

Even after the round-turn commission, the narrow ECN style spreads often make Raw Spread cheaper overall than IG Markets and FxPro. I would still check the worked comparison below before deciding, since the result depends on the pair and the volume traded.

Total cost = (Spread) x (Pip Cost) x (Number of Lots Traded).

IC Markets RAW spreads account cost = EUR/USD 0.1 (spread) x $10 (pip cost) x 1 lot = $1 + commission of $3.50 (one side) results in a cost of $4.50.

IG cost = EUR/USD 0.6 (spread) x $10 (pip cost) x 1 lot = $6

An account denominated in EUR converts the pip cost to EUR.

cTrader Commission Rates

IC Markets cTrader commission = USD$3 per USD$100,000 bought and USD$3 per USD$100,000 sold.

To calculate the USD commission, you need to convert the base currency.

If you are trading with AUD/USD then the following calculation will apply:

Opening Price: AUD$100,000 x 1.300 = USD$130,000 x (3/100,000). This results in a commission of USD$3.90 for each lot.

Closing Price: $100,000 x 1.310 = USD$131,000 x (3/100,000) = This results in a commission of USD$3.93 for each lot

Total commission on trade = USD$3.90 + USD$3.93 = USD$7.83

An AUD base currency converts this cTrader commission to AUD.

Calculating The Overnight Financing Fee

All brokers charge an overnight holding fee which IC Markets apply at 00:00 MetaTrader server time each night.

IC Markets Overnight Fee For Forex

• Swap Charge = Number of Lots x Swap Rate (Long or Short) x Point Size x Number of Days (where the overnight charge for Wednesday is triple).
• Point size is contract size x minimum price fluctuation which is 0.00001.

IC Markets will provide the long and short swap points in their trading platforms for all the currency pairs they offer. Depending on the interest rates you will either incur a rolling fee or receive interest credit for the fee.

IC Markets Fees conclusion

The main takeaways for fees with IC Markets are the following:

1. The Standard account adds a 0.8 pip markup to the raw spread. In our example, we traded 5 standard lots which have a round-turn cost of AUD$110
2. RAW spreads account adds a commission fee of $AUD4.50 sideways / AUD$9 round turn for each standard lot you trade (100,000 units). The spread is not widened.
3. cTrader charges a commission of USD$3 for each $100,000 traded. This makes it hard to compare with the MetaTrader platform which uses a fixed amount for each lot.

IC Market Shares CFD Fees

Raw Trading Ltd offers more than 2,100 share CFDs on the ASX, NYSE, and NASDAQ, available on MetaTrader 5 only. Dividends are paid on share CFD positions, which I see as a real plus for holding trades around ex-dividend dates. If large-cap names are what you trade, this coverage spans the Australian and US markets.

To trade shares CFD, you must be using the MetaTrader 5 platform.

Fees for Shares CFD

• Trading fees: brokerage varies by market, with 0.10% per side on ASX shares and US$0.02 per share on NASDAQ and NYSE. The overnight finance charge is the number of shares multiplied by the market closing price multiplied by the interest rate, divided by 360, and charges are triple on Fridays.
• Non-trading fees: a conversion cost applies when proceeds arrive in a currency different from your account’s base, and the rate may differ from the spot rate. IC Markets may also forward a stock borrow fee, with notice, if its hedge counterparty passes one on to you.

Your Shares CFD fees to open and close on the ASX

IF you want to buy 1000 ANZ Bank shares and are quoted AUD$28.50 / AUD$28.60 (Buy/Ask) on the exchange.

Cost to open your position = AUD$28.60 (1000 x 28.60 x 0.10%)

Later ANZ Bank prices rise to AUD$32.00 / AUD$32.10

Cost to close your position = AUD$32.00 (1000 x 32.00 x 0.10%)

Trading cost = AUD$28.60 + AUD$32.00 = AUD$60.60

Finance charges for Shares CFD with IC Markets

• Shares CFD: (Number of shares) x (market closing price) x (interest rate) / 360. Fees are triple on Fridays.

If the finance charge is 8% p.a. and the closing price of the ANZ share is AUD$29.00 making your shares valued at AUD$29,000.

Then the overnight interest you will pay is AUD$29,000 x 8%/360 which comes to $6.44.

Risk Warning: if you hold the position beyond one day, work the charge out again for every day the position stays open. Friday charges are triple.

IC Market Cryptocurrency Fees

Raw Trading Ltd offers 94 crypto CFDs, including Bitcoin, Ethereum, and Litecoin. You can take either direction on the price without owning the underlying asset, so there is no storage risk, and I like that the exposure comes without a wallet to manage. Leverage runs to 500:1 on BTCUSD and ETHUSD on MT4 and MT5, 200:1 on most other crypto CFDs, and 300:1 on cTrader and TradingView.

IC Markets Cryptocurrency Fees

• Trading fees: crypto CFDs are spread only, so your entry fills at the ask and the exit fills at the bid, and the spread is the whole trading cost.
• Overnight fees: holding past the daily close incurs a finance charge or credit of lots multiplied by the closing market price multiplied by the interest rate, divided by 360, and Friday charges run at three times the normal rate to cover the weekend.

IC Markets Commodity Fees

Raw Trading Ltd offers 22 commodity CFDs, split into 8 soft commodities and 14 spot contracts covering metals and energies. These markets can swing hard on shifts in supply and demand, which is the appeal and the risk if you trade them, and I would size positions accordingly.

At Raw Trading Ltd (FSA) leverage by instrument reaches 2000:1 on gold, 1000:1 on silver, 500:1 on platinum, palladium, and spot energies, and 100:1 on soft commodities.

Fees with IC Markets

• Trading Feed: Among commodities, the Raw Spread account charges a commission on metals only, at A$4.50 per side on an AUD account or US$3.50 per side on a USD account, with round turns of A$9.00 and US$7.00, per standard lot. Energies, soft commodities, and the Standard account carry no commission.
• Overnight charges:Spot prices: Finance Charge/Credit = No. Lots x swap points (long or short) x point sizeThe overnight charge is triple on Wednesdays to cover the weekend when the market is closed.Futures: No finance or credit charge

IC Markets Index Fees

Raw Trading Ltd offers 25 index CFDs, including the ICE Dollar Index and the VIX, tradable on MetaTrader 4, MetaTrader 5, and cTrader. Leverage runs up to 200:1 on most indices. I would treat the spread as the main cost to watch, since it is the trading charge on indices.

Index CFD is a spread only product this means there is no commission charge.

IC Market Index Fees

• Trading fees: the bid/ask spread is your brokerage charge on indices, calculated as the ask minus the bid.
• Rolling fees: holding past the daily close incurs an overnight finance charge or credit of the number of lots multiplied by the swap points, long or short, with swap points set by the closing index price multiplied by the interest rate, divided by 360.

IC Markets Bonds Fees

IC Markets offer a selection of 6 highly-rated government issues debt securities from a range of governments around the world. Available on the MetaTrader 4 and 5 platforms (not cTrader) you can trade 24/5 and use a leverage of up to 1:200.

With IC Markets Bonds, you will incur the following costs:

• Trading Fees: Bonds are a spread only product. There is no commission.

Non Trading Charges

The IC Markets minimum deposit is US$0 on the Standard, Raw Spread, and cTrader Raw accounts at Raw Trading Ltd, while Raw Pro starts at US$5,000 and Raw Pro+ at US$100,000. There are no IC Markets funding or non-trading fees, and the ones not charged are listed below so you can check each one.

One of the great features of trading with IC Markets is that they do not have non-trading fees.

• No deposit fees on bank transfers, debit cards, credit cards, or digital wallets such as PayPal, BPAY, NETELLER, Skrill, and UnionPay.
• No IC Markets withdrawal fees, though an A$20 bank charge applies to international wire withdrawals and comes out of the sum withdrawn.
• No inactivity charges either, so a dormant account costs nothing to keep.
• Support is free of charge, so answers to any query cost nothing.

Banks along the wire route can take a cut of their own on international transfers, and the help centre lists an A$20 processing charge on wire withdrawals, deducted before the funds reach you. I would budget for that charge when moving money out by wire, since it comes off the amount received.

This means IC Markets compares well with other brokers as shown in the table below.

IC Markets offers 15 funding options across 10 base currencies, including USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD, and many of these deposits are instant. I would confirm processing times for a chosen method before the first deposit. Residents of the United States, Canada, Iran, and North Korea cannot open a live trading account.

Note: while IC Markets do not charge fees for funding, some international banking merchants may charge fees from their end.

Other Fees

IC Markets has optional features that can add to your trading toolkit, listed below.

IC Markets Demo Account

A free demo account is available for every account type across the MetaTrader and cTrader platforms, and it also runs on Android and iOS, though it lapses after 30 days of inactivity. I would use it to test the fee structures before you fund a live account.

MT4 Advanced Trader Tools

IC Markets adds 20 trading tools beyond the standard MetaTrader 4 package, covering trading decisions, execution, and account management. The MT4 server sits in an Equinix data centre to keep order latency low whatever the market conditions. I would try these tools on the demo account first, since they change the workflow noticeably.

Mirror Trading /Copy Trading Tools

Myfxbook and ZuluTrade plug into the platform, letting a trader copy the strategies of others with a track record. I would treat copy trading as a learning tool first, since the costs and results of following others still land in the follower’s own account.

To use these trading tools you must be using IC Markets standard account.

With IC Markets social copy tools, you will incur the following costs:

• Myfxbook: 0.6pip (+ 1pip for standard account)
• ZuluTrade: 1.5 pips (+ 1pip for standard account)

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