IC Markets Review

Score: 8.9 ⭐️

5/3/20231 min read

IC Markets’ competitive pricing social trading and algo trading possibilities

IC Markets pros & cons


  • holds regulations for CFD trading.

  • Offers competitive prices on their different accounts.

  • Third-party research and trading tool is a plus for IC Markets.

  • Approx. 3,500 tradable assets.

  • IC Markets’ la good company for those who want to do Algo trading.

  • Has recently expanded its educational and research content.

  • Added IC Social mobile app powered by Pelican Exchange, to complement existing variety of social copy trading apps.


  • is not up to par in the field of research.

  • Lacks a good app.

Commissions and fees

IC Markets’ trading costs rival the best low-cost forex brokers.

Global entity: Spreads at IC Markets vary depending on the platform you use.

Account types: IC Markets offers three account options.

cTrader versus MetaTrader accounts: The cTrader Raw Spread and the IC Markets (MT4 or MT5) Raw Spread accounts have a near-identical commission structure.

Effective spreads: IC Markets lists its average spread on the EUR/USD at 0.62 to 0.72 pip

Active traders: IC Markets offers a discount on spreads if you trade at least 100 lots on a Monthly bases.

Agency and dealer execution: IC Markets provides execution on an agency basis, which means orders may be subject to positive or negative slippage.