Broker profile

IC Markets broker profile

Sydney-founded raw-spread broker on MetaTrader, cTrader and TradingView

Last checked · By FTC Editorial Team · How profiles are built

Top-tier regulators
ASIC, CySEC
Founded
2007
Headquarters
Sydney, Australia
Retail CFD accounts losing money
Not published

About IC Markets

IC Markets was founded in Sydney in 2007 and built its name on raw-spread pricing for active traders. The brand now runs through several companies: International Capital Markets Pty Ltd holds an Australian Financial Services Licence, IC Markets (EU) Ltd is licensed in Cyprus for European clients, and Raw Trading Ltd, which trades as IC Markets Global and IC, is licensed by the Seychelles Financial Services Authority and serves most other countries.

On its global site the broker offers MetaTrader 4 and 5, cTrader and TradingView, with Raw Spread, Standard and swap-free accounts. The same site advertises deposit bonuses. Rules in the EU, the UK and Australia don't allow bonuses for retail CFD clients, which shows how much lighter the regime is for clients of the Seychelles company than for those of the Australian or Cypriot ones.

Strengths

  • Separate companies licensed by ASIC in Australia and CySEC in Cyprus
  • Choice of MetaTrader 4, MetaTrader 5, cTrader and TradingView
  • Raw-spread accounts designed for high-volume trading

Worth checking

  • Clients outside Australia and the EU are generally served by the Seychelles-licensed company
  • The global site advertises deposit bonuses, a sign of lighter offshore rules
  • The global site says it doesn't serve residents of the US, Canada or New Zealand

Regulation and legal entities

RegulatorCompany and licenceTierStatus
ASIC
Australian Securities & Investments Commission · Australia
International Capital Markets Pty Ltd
AFSL 335692
1Listed by broker
Search the register
CySEC
Cyprus Securities and Exchange Commission · Cyprus (EU)
IC Markets (EU) Ltd
362/18
1Checked on register
Search the register
FSA (SC)
Financial Services Authority Seychelles · Seychelles
Raw Trading Ltd
SD018
3Listed by broker
Search the register
“Checked on register” means FTC found the licence on the regulator's own register. “Listed by broker” means the number comes from the broker's legal disclosures. Tier 1 regulators have the strictest client-money rules.

Accounts and platforms

Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Social
Account types
Raw Spread, cTrader Raw Spread, Standard, Swap Free
Minimum deposit
Varies by company and payment method
Commission
—

Sources

  1. IC Markets global site: Raw Trading Ltd disclosures
  2. IC Markets: regulation page
  3. CySEC register: IC Markets (EU) Ltd

IC Markets: common questions

Is IC Markets regulated?

Yes. International Capital Markets Pty Ltd holds Australian Financial Services Licence 335692, IC Markets (EU) Ltd holds CySEC licence 362/18, and Raw Trading Ltd is licensed by the Seychelles Financial Services Authority under SD018. Which company you deal with depends on where you live.

Which IC Markets company will my account be with?

Australian clients are served by the ASIC-licensed company and clients in the European Economic Area by the CySEC-licensed company. The global site, ic.com, is operated by Raw Trading Ltd in Seychelles, which offers fewer investor protections. Your client agreement names the company.

Which platforms does IC Markets offer?

MetaTrader 4, MetaTrader 5, cTrader and TradingView, plus a web trader and the IC Social app, according to the broker's global site.

Member experiences

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