IC Markets Review Of 2024
IC Markets is one of the largest forex brokers offering the most popular trading platforms and tier-1 ASIC and CySEC regulation. We recommend the broker for low-fee trading with the lowest standard account spreads of any broker worldwide.
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Ask an Expert
Are IC Markets the cheapest broker?
There are various costs to consider when looking at brokers
1. Spreads – these are your largest cost. Generally, there are two types of accounts. Standard accounts and ECN pricing accounts. Standard accounts have wider spreads than ECN pricing accounts as they do not have a commission in addition to the spread. For this reason, the commission cost is included in the spread. IC Markets publish their average spreads for each type of account and we include a comparison of these spreads between brokers on this page Low spread brokers. Generally, IC Markets spreads compare very well with other brokers.
2. Commissions – if you choose a RAW or ECN pricing account, you must consider the commission costs. IC Markets commissions are generally in line with what you find with most brokers being $3.50 for each standard lot to open your position.
Should I trade with IC Markets or with Pepperstone?
Both brokers are excellent choices…we suggest you take a look at our Pepperstone Review and IC Markets vs Pepperstone pages to find out more.
IC MarketsI see that they use the excuse of AML to freeze your withdrawals, prevent deposits even though your bank is OK, excessive spread manipulation, trading against you, not putting your trades through to market and much more. Why they are cancelling being regulated by FCA UK completely what’s to hide? Why is seychelles just as good as not being regulated ?
Hi Yuur, there is some misinformation here. IC Markets is a no dealing desk broker that uses STP trading execution. This means all quotes are sourced from liquidity providers and the broker does not manipulate the prices. Also IC Markets have never been regulated by the FCA. Seychelles regulations is not as good as CySEC or ASIC regulation but it is acceptable if you can’t use a broker using the financial regulator for your country. Do however avoid any unregulated brokers.
Is IC Markets secure?
Yes, IC Markets is regulated by ASIC in Australia, CySEC for Europe and FSA based in Seychelles for all other countries. These financial regulators all require you keep your funds in a segragated trading accont.
Can I deposit $100 on IC Markets?
Yes, while IC Markets advertises a minimum deposit of $200, you can deposit as much or little as you need as this $200 is more of a recommendation.