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 has the lowest non-commission account. When we compared in September 2026 forex accounts that don’t charge commission our Lowest Spread Forex Brokers comparison found IC Markets was competitive but Pepperstone was consistently better. Pepperstone also has superior forex trading platforms, customer service and regulation. You can read more 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 have the lowest raw trading account spreads. Our September 2026 Lowest Spread Forex Brokers comparison found the IC markets raw account had some competitive spreads only on some major pairings while FP was consistently better. FP Markets also has similar regulations to IC Markets and the same forex trading platforms. View our FP Markets Review to learn more.

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.

When you buy CFD forex, shares, bonds, indices and other CFD products, you will encounter 3 types of costs. These are

• Trading/brokerage fees, This is the fee the IC Markets charge you to execute your trade. With IC Markets this will usually be in the form of spreads or commission.Commission: This is a charge you will pay for each side of the lots you trade. Use of commission means spreads are narrower as the broker does not interfere with the spreadSpreads, This is the difference between the ‘buy’ and ‘ask’ price of a currency pair. You express the spread as a pip (percentage in point) or a pipette which is 1/10 of a pip. On an account without commission, such as the Standard account, the markup is 0.8 pips above the raw prices.
• Non-trading costs, These are cost operational costs for having an account with the broker. Non-trading costs include funding fees and inactivity fees.
• Other / Ancillary costs, IC Markets allow you to use other optional tools to enhance your trading experience such as social trading tools (i.e. ZuluTrader or MyFxBook Automate). These will sometimes have a cost involved.

Given the fact that IC Markets is governed by strict regulatory authorities, clients are protected from spread manipulation and other abusive practices. IC Markets abides by the rules and standards imposed by the Australian Securities and Investments Commission (ASIC, Australia), Cyprus Securities and Exchange Commission (CySEC, Cyprus) and the Financial Services Authority (FSA) of Seychelles.

IC Market Forex Fees

You will find IC Markets charge lower fees than traditional brokers. IC Markets uses ECN (electronic communication) and STP (straight-through processing) style trading when trading forex. ‘ECN’ and/or ‘STP’ style trading saves you on costs as No Dealing Desk Brokers is involved in the trading process and prices are kept low by sourcing the best available prices from a pool of 25 liquidity providers.

The brokerage fees you pay will be determined by the type of IC Markets account you are using. The following live accounts are available:

• 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 known as overnight swap or finance fee, this is the interest charge for keeping your position open after closing. The rate is determined by the interest rate differential between the currency pair kept open. If you hold your position on a Wednesday night, the charge will be triple the usual rate. Swap rate calculation is Lots * swap points * point size

Standard Account

The IC Markets standard account is a great account for beginner traders as there are no commissions. You get the raw inter-bank prices on this account with a 0.8 pip markup added, and spreads on major pairs start from 0.8 pips as the advertised minimum.

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 calculation example:

RAW Spreads Account

This account is likely to be for you if you want the lowest possible spreads. The Raw spread account is compatible with scalpers and day traders. By using Electronic Communication Networks style conditions for trading, spreads can be kept very narrow.

Trading cost for RAW spreads account:

The Raw spreads account charges a commission rather than a wider spread. Your commission cost for RAW spreads will be the following

• 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:

If you open (called go ‘long’) your 5 standard lots (i.e. 500,000 units) then the commission will be USD$17.50 (5 x USD$3.50) side trip.

When you close your position (go ‘short’) for the 5 standard lots your commission will also be USD$17.50.

This means your commission will total USD$35.

Trading costs with Raw Spreads account: cTrader account

cTrader Raw spreads account is the same as IC Markets Raw spreads account except you are using the cTrader platform rather than the MetaTrader platform. The commission is based on units sold rather than lots.

Comparing Spreads with other brokers

IC Markets fees for RAW Spread account which uses ECN Style trading compare much the same as Pepperstone. Both online forex brokers use similar trading policies which is why the average spreads are much the same. ECN Style spreads offer some of the lowest spreads on the market, which are good for scalping. This can be demonstrated by the fact IC Markets spreads are still more competitive than FxPro in many markets.

While it’s true that IC Markets’ RAW Spread account includes a commission, the ECN-style narrow spreads it offers can still lead to lower overall costs than IG Markets and FxPro in many cases.

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

If your base currency is EUR then you will need to convert 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

If your base currency is AUD then you will need to convert this to AUD.

Calculating the finance charge/overnight holding fee

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

Calculating the finance charge/overnight holding fee for forex with IC Markets:

• 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

With IC Markets Shares CFD you can trade some of the largest and popular companies in the world through the Australian and New York stock exchanges. Raw Trading Ltd (FSA) offers more than 2,100 large-cap share CFDs on the ASX, NYSE, and NASDAQ, and the entities under ASIC, CySEC, and SCB report the same count. One of the key features with IC Markets is that you can earn dividends for the stock CFDs you own.

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

Fees for Shares CFD

• Trading Fees:Brokerage Fees: This will vary by the market you trade withASX: You will incur a charge of %0.10 for each share you trade.NASDAQ and NYSE: You will incur a charge of 0.02 USD for each share you trade.Finance Charge: To calculate the overnight fee the following formula will apply. (Number of shares) x (market closing price) x (interest rate) / 360. Fees are triple on Fridays.
• Non Trading Fees:Currency conversion: When you close your position with a currency that is not the base currency of your account there will be a cost to convert the currency to the base currency you use for your account which may differ from the spot rate.Stock borrow fee: IC Markets in some circumstances may pass on stock loan fees if IC Markets receive this charge from their hedge counterparty charges. IC Market will notify you of this fee if it occurs.

Calculating 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 it for more than one day then you will need to recalculate the finance charge for each day. Finance charges for Fridays are triple.

IC Market Cryptocurrency Fees

Raw Trading Ltd (FSA) offers 94 cryptocurrency CFDs, including Bitcoin, Ethereum, and Litecoin, while the CySEC and SCB entities offer 13 each. You can go long or short without actually holding the Cryptocurrency which means you can get exposure without the security risks of storing the asset. Leverage at Raw Trading Ltd (FSA) runs to 500:1 for BTCUSD and ETHUSD traded on MT4 or MT5, stands at 200:1 for most other crypto CFDs, and reaches 300:1 through cTrader and TradingView, while retail clients at the ASIC and CySEC entities are limited to 2:1.

Trading Cryptocurrency has the following fees:

• Trading Fees: Bid/Ask Spread. Cryptocurrency is a spread-only product. You enter at the Ask price and exit at the Bid price.Spread = Ask, Bid
• Rolling / Overnight Fees: You will incur an overnight charge if you hold your position after trading hours has closed for the day. To calculate your finance charge apply the formulaFinance Charge or Finance Credit = No of Lots x closing Market price x interest rate/360. Fees are triple on Fridays to cover the weekend period when trading is inactive.

IC Markets Commodity Fees

Raw Trading Ltd (FSA) offers 22 commodity CFDs covering energies, precious metals, and agriculture, split into 8 soft commodities and 14 spot contracts on metals and energies. Supply and demand can change dramatically giving you good opportunities for good returns.

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, while retail clients of the CySEC entity are capped at 20:1 on gold and 10:1 on other 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 (FSA) has 25 index CFDs, including the futures indices ICE Dollar Index and VIX Index, with the CySEC entity at 25 and the ASIC and SCB entities at 23. With IC Markets you can use MetaTrader 4, 5 and cTrader platforms. A leverage of 1:200 is available.

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

IC Market Index Fees

• Trading Fees: Bid/Ask Spread is your brokerage charge. This is Spread = Ask-bid
• Rolling Fees: If you hold your position aftermarket closing hours you will incur the following overnight charge
  • Finance Charge/Credit = Number of Lots x swap points (long or short).
    • Swap points: Swap long/short = closing index price x interest rate/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

IC Markets minimum deposit requirement is US$0 for the Standard account, the Raw Spread account, and the cTrader Raw account at Raw Trading Ltd (FSA), where Raw Pro starts at US$5,000 and Raw Pro+ at US$100,000, while the ASIC and SCB entities set US$200 and the CySEC entity sets €200, or the equivalent in another currency. In addition, they don’t have any funding or non-trading fees including:

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

• No deposit fees, there are no deposit fees when making bank transfers or debit cards or credit cards or using digital wallets like PayPal, BPAY, NETELLER, Skrill or UnionPay.
• No withdrawal fees (except for FasaPay withdrawals which may incur an extra fee)
• Zero account inactivity fees
• No fees for customer support, meaning you will always be able to get an answer to your query for free

According to general banking practices, all international bank wire transfers may incur intermediary bank fees. Clients should expect an AUD 20 processing fee for wire transfers, which IC Markets is kind enough to deduct from your withdrawal amount.

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

When it comes to funding IC Markets offers a choice of 15 funding options with a choice of 10 different base currencies. Many of these options have instant deposits. Deposits are accepted in 10 different currencies including USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD. While IC Markets has a global client base, residents from the United States, Canada, Israel, New Zealand, Japan and Islamic Iran can’t 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 have a range of features you may opt to take advantage of to enhance your trading experience.

Demo Account:

IC Markets demo account is free for all the IC Markets trading account types and both MetaTrader and cTrader platforms. There is no limit on the time you have access to the demo account. IC Markets’ demo account can also be accessed on your phone via mobile apps, Android and iOS compatible.

MT4 Advanced Trader Tools

IC Markets offer 20 additional trading tools that do not come with MetaTrader 4. The app offers institutional level trading features that help you make better trading decisions and superior execution and more advanced account management tools. IC Markets has a MetaTrader 4 server located in the Equinix data centre to ensure that there is no latency with any order execution no matter the trading conditions.

Mirror Trading /Copy Trading Tools

IC Markets have Myfxbook and ZuluTrade are social copying or mirroring tools that integrate with your trading platform. Social trading is great for traders that wish to learn trading strategies from experienced traders by seeing how they trade.

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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