Heads up:Trading real money is risky — most beginners lose money. Practice on a free demo first; only risk money you can afford to lose.
BrokersGuide

IC Markets review

Free demo & account review

4.6Our rating

IC Markets isn't available in India. Here are the brokers you can use instead.

Overview

IC Markets is a true ECN broker offering raw spreads and deep liquidity, popular with active and algorithmic traders. The higher minimum suits people who are past the absolute-beginner stage — and you can still demo first.

Best for: Active and algo traders chasing the lowest possible spreads.

What we like

  • True ECN raw-spread accounts
  • Excellent for algos / Expert Advisors
  • Deep institutional liquidity & fast fills
  • Top-tier multi-jurisdiction regulation

Things to consider

  • Higher minimum deposit to start
  • Better suited to experienced traders
  • Commission on raw-spread accounts

What you can trade

ForexIndicesCommoditiesStocksCrypto

Available in

VietnamPhilippinesThailandMalaysiaSouth AfricaNigeriaUnited Arab EmiratesGhanaCameroonKenyaEgyptInternational

Availability, spreads and terms vary by country and change often — always confirm on the broker's official site.

Ready to practice on FxPro?

Open a free demo in about 5 minutes — no deposit, no card.

IC Markets: quick answers

Does IC Markets offer a free demo?

Yes — free demos on MT4, MT5 and cTrader with live-market pricing, which matters if you're testing spread-sensitive strategies.

Is IC Markets regulated?

Yes — entities regulated by ASIC and CySEC among others; the entity depends on your country. Confirm on the register before funding.

What is the minimum deposit at IC Markets?

Typically $200. The raw-spread accounts (spread from 0.0 pips plus commission) are where IC Markets shines for active traders.

Why do raw spreads matter?

If you trade often, the spread is your biggest cost. Raw spread + fixed commission is usually cheaper than 'commission-free' wide spreads — run the math in our trading cost calculator.

Other brokers to compare

FxPro

4.4

Established multi-regulated broker with pro-grade execution.

  • No-dealing-desk execution
  • Multiple platforms incl. MT4, MT5 and cTrader
  • Strong, long-standing multi-jurisdiction regulation
Demo / min
$100
Spread from
0.6 pips
Leverage
1:2000
Serious tradersMulti-platformRegulation
Regulated by:FCA · CySEC · FSCA · SCB
Open free demoRead full review

CFDs are complex instruments with a high risk of losing money rapidly.

XM

4.3

Beginner-friendly with generous education and micro accounts.

  • Start from just a few dollars
  • Excellent free education & webinars
  • Micro lots keep position sizes (and risk) small
Demo / min
$5
Spread from
0.6 pips
Leverage
1:1000
BeginnersTiny depositsLearning
Regulated by:CySEC · ASIC · FSC
Open free demoRead full review

Forex/CFDs are leveraged products. Most retail accounts lose money.

Start my free demo

Free · no deposit · most beginners lose money trading real funds