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IC Markets

Cyprus icmarkets.eu
IC Markets is a Cyprus-regulated CFD and forex broker offering access to forex, commodities, indices, stocks, bonds, futures and cryptocurrency CFDs. The broker supports MetaTrader 4, MetaTrader 5, cTrader and TradingView connectivity, making it suitable for active traders who value low spreads, platform flexibility and automated trading tools.

Min. Deposit

$200

Max Leverage

1:30

Est.

2007

Regulated by

CySEC (EU)

FXJ Score

7.9

/ 10
Good
Regulation 7.7
Platforms 9
Instruments 8.2
Costs 8.5
Funding 6.1

Execution Model

Market Maker

How orders are processed

Segregated Funds

Yes

Client funds held separately

Negative Balance

Protected

You cannot lose more than you deposit

Scalping

Allowed

Short-term high-frequency trading

Pros

  • CySEC-regulated EU entity

  • ASIC-regulated group entity

  • MetaTrader 4 available

  • MetaTrader 5 available

  • cTrader available

  • TradingView connectivity available

  • Raw Spread accounts available

  • Standard account with no separate trading commission

  • Low spreads from 0.0 pips on Raw Spread accounts

  • Scalping allowed

  • Suitable for automated trading strategies

  • Forex, commodities, indices, stocks, bonds, futures and crypto CFDs available

  • Negative balance protection for retail clients

  • Segregated client funds

  • Multiple deposit and withdrawal methods

Cons

  • Acts as principal and counterparty to client trades

  • Raw Spread accounts include commission

  • Professional clients may lose some retail protections

  • Islamic accounts are not available under the EU entity

  • TradingView connectivity is linked to cTrader accounts

  • Funding conditions and available account currencies are narrower under the EU entity than under some global entities

  • ETFs are not listed as a standalone tradable category under the EU profile

  • CFDs are complex and high-risk products

Typical Spreads

Varies by account type
EUR/USD Forex

Typical Spread

0.01 pips

Min Spread

0.0 pips

GBP/USD Forex

Typical Spread

0.04 pips

Min Spread

0.0 pips

USD/JPY Forex

Typical Spread

0.03 pips

Min Spread

0.0 pips

S&P 500 Index

Typical Spread

0.49 pips

Min Spread

0.2 pips

XAU/USD Commodity

Typical Spread

0.09 pips

Min Spread

0.05 pips

Account Currencies

USD EUR GBP

Deposit Methods

Bank Transfer
Credit / Debit Card
PayPal
Skrill
Neteller

Withdrawal Methods

Bank Transfer
Credit / Debit Card
PayPal
Skrill
Neteller

Account Types

Raw Spread Account — MetaTrader

MetaTrader raw-spread account with spreads from 0.0 pips and commission of 3.5 USD per lot per side. Designed for EAs and scalpers.

Raw Spread Account — cTrader

cTrader raw-spread account with spreads from 0.0 pips and commission of 3 USD per 100,000 USD traded. Suitable for day traders and scalpers.

Standard Account

MetaTrader account with all-inclusive spreads from 0.8 pips and no trading commission.

Professional Client Account

Account status for eligible professional clients. Professional clients may access different conditions but lose some retail protections, including negative balance protection and ICF coverage.

Platforms

MetaTrader 4
MetaTrader 5
cTrader
xStation 5
DXtrade

Instruments

Forex Indices Commodities Stocks Crypto
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FX Junction Verdict

IC Markets is a strong broker for active CFD and forex traders who want tight spreads, multiple platforms and support for scalping or automated strategies. Its main strengths are Raw Spread pricing, MetaTrader 4, MetaTrader 5, cTrader, TradingView connectivity, segregated client funds and negative balance protection for retail clients. The main drawbacks are its principal counterparty model, commissions on Raw Spread accounts and reduced protections for professional clients. Overall, IC Markets is a good choice for experienced traders who understand the risks of leveraged CFD trading.