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Costs, platforms and protection first

IC Markets

Australia · International Capital Markets Pty Ltd

Costs
MT4 Raw: USD3.50 on USD accounts or AUD4.50 on AUD accounts per standard lot per side. Standard: zero commission; EUR/USD minimum 0.8 pips.
Platforms
MT4/MT5; cTrader/TradingView use a separate Raw account.
Client protection
FAQ states retail negative balance protection.
Sources and applicability

Australian entity disclosures; check account/product applicability.

Costs

Account-currency rates for FX/metals. cTrader/TradingView instead charge USD3 per USD100,000 per side. Published minimums are not measured averages.

MT4 Raw commission — account currency / standard lot; EURUSD minimum; cTrader terms ↗ · 2026-09-30
PlatformsAccount overview — platform rows ↗ · 2026-09-29
Client protection

Does not establish Pro coverage or insolvency compensation.

FAQ — Do you offer negative balance protection? ↗ · 2026-09-29

Terms for the named entities. Minimum spreads are not total costs or a cheapest-first ranking.

IC Markets

  • Active coverage
  • EST 2007
Brand overview and official site

IC Markets operates through 3 legal entities recorded in the current FXVeritas research file across Australia, Cyprus, and Seychelles.

Check your entityCompare with other brokers
Visit official website
Official website snapshot
Official website snapshot of IC Markets

Official website snapshot

Requested: icmarkets.com

Captured from: ic.com/en

Captured: Sep 8, 2026

View full size

Accounts and trading conditions

Advertised figures only. Observed spreads were not measured. Marketing ECN/STP is not treated as the legal model.

  • Homepage: +2850 instruments. Raw Spread comparison table: 2250 tradable instruments. Official conflict.
  • Homepage and Raw Spread page advertise 0.0 pip spreads and average EURUSD 0.1 pips.
  • Observed prices not measured.
  • EU retail conditions (1:30, ICF) are not the global Raw Spread table.
Recorded account types
5 account types
Terms
Varies by account
Recorded entity scopes
Advertised on icmarkets.com/global; Seychelles entity context · Advertised on icmarkets.com/global · Advertised on global account overview · Advertised as NEW on global account overview; early access
Observed spread
Not measured

Raw Spread

Entity scope: Advertised on icmarkets.com/global; Seychelles entity context

Minimum deposit
Account overview table: $0. Start-forex page on the same global site: $200. Official conflict.
Leverage
Account overview / Raw Spread page: 1:5000. Start-forex page: up to 1:1000. Official conflict.
Advertised minimum spread
0.0 pips
Advertised typical spread
EURUSD 0.1 pips advertised average 24/5
Commission
$3.50 per lot per side ($7.00 round turn) on MetaTrader
Execution type
Advertised no dealing desk, ESP from providers, no requotes. Marketing, not a legal model.
Margin call
Not recorded
Stop out
50%
Swaps
Swap-free accounts listed as available on the comparison table
Islamic
Swap-free listed; eligibility not opened as a legal policy

Standard

Entity scope: Advertised on icmarkets.com/global

Minimum deposit
$0 on account overview; $200 on start-forex page
Leverage
1:5000 on Standard page / overview; 1:1000 on start-forex page
Advertised minimum spread
0.8 pips
Advertised typical spread
Not recorded
Commission
$0
Execution type
Advertised raw pricing environment; marketing
Margin call
Not recorded
Stop out
50%
Swaps
Swap-free listed on comparison table
Islamic
Swap-free listed

Raw Spread (cTrader / TradingView)

Entity scope: Advertised on global account overview

Minimum deposit
$0
Leverage
1:1000
Advertised minimum spread
0 pips
Advertised typical spread
Not recorded
Commission
$3.0 per USD 100k
Execution type
unknown legally
Margin call
Not recorded
Stop out
50%
Swaps
Swap-free listed
Islamic
Swap-free listed

Raw Pro

Entity scope: Advertised as NEW on global account overview; early access

Minimum deposit
$5,000
Leverage
1:5000
Advertised minimum spread
0.0 pips
Advertised typical spread
Not recorded
Commission
$1.5 per lot per side ($3.0 round turn)
Execution type
unknown legally
Margin call
Not recorded
Stop out
50%
Swaps
Swap-free listed
Islamic
Swap-free listed

Raw Pro+

Entity scope: Advertised as NEW on global account overview; early access

Minimum deposit
$100,000
Leverage
1:5000
Advertised minimum spread
0.0 pips
Advertised typical spread
Not recorded
Commission
$1.0 per lot per side ($2.0 round turn)
Execution type
unknown legally
Margin call
Not recorded
Stop out
50%
Swaps
Swap-free listed
Islamic
Swap-free listed
  • MT4
  • MT5
  • cTrader

Execution and conflicts

Legal documents first. Advertised ECN, STP, or NDD is not certified unless a legal policy confirms it.

Advertised model
Global Raw Spread page: Raw Pricing, executable streaming prices from providers, no dealing desk, no price manipulation, no requotes. Average execution under 40ms on homepage. Not a legal model.
Legal model
AU Account Terms: IC Markets may refuse orders including black-box, scalping or similar; may set off negative balances. CySEC register for the EU entity includes dealing on own account. FSA T&Cs: Raw Trading Ltd acts as principal not agent.
Principal or agent
EU: dealing on own account on CySEC register. AU: issuer of OTC products under the Account Terms. Seychelles FSA T&Cs: acts as principal not agent. Global marketing describes an agency-like raw-pricing bridge. Different entities.
Venues
Advertised Equinix NY4 for MT4/MT5; London for cTrader table
Liquidity-provider disclosure
Up to 25 institutional-grade sources advertised; not named.

Recorded policies

slippage

Homepage marketing: reduced slippage. Not a legal guarantee.

requotes

Global marketing: no requotes. Not found as a legal guarantee.

last_look

unknown

stop_loss

Global Raw Spread page: no minimum order distance; freeze level 0; stops may be placed at market. Marketing/product page, not AU legal terms.

negative_pricing

AU legal: retail NBP; wholesale discretionary. Global NBP not stated on opened regulation page.

abnormal_markets

unknown from opened Seychelles pages

scalping

Global Raw Spread page: scalping allowed, no restrictions, HFT/EA friendly. AU Account Terms: may refuse orders relating to black-box trading, scalping or similar; lists scalping among prohibited market-abuse examples.

hedging

Global Raw Spread page: hedging allowed; no FIFO; hedge margin may vary by product/platform.

EA

Global pages: EAs allowed; MQL4/MQL5; algo share advertised at 60% of trades. AU terms may refuse black-box / HFT.

arbitrage

unknown as a defined permission; AU terms list market manipulation / fictitious transactions among refuse grounds

Funding and withdrawal

Only methods and rules isolated on opened official pages.

Methods
credit/debit card, Skrill, wire transfer, Neteller, FasaPay, China Union Pay, Bpay, broker to broker transfer
  • Global Standard page lists the methods above for the global/Raw Trading context.
  • Homepage: instant deposit, fast withdrawal, 0% commission — marketing.
  • AU and EU legal funding rules were not opened beyond AU client-money trust wording.

Before you apply

Application-condition research. Approval and account opening are not guaranteed.

Australia · International Capital Markets Pty LtdEntity documents reviewed

CFD terms, TMD and identity-document requirements published.

The Australian entity lists CFD documents separately from South African terms and requires identity documents before opening. Absence from an exclusion list is not affirmative eligibility.

MT4 Raw: USD3.50 on USD accounts or AUD4.50 on AUD accounts per standard lot per side. Standard: zero commission; EUR/USD minimum 0.8 pips.

Account-currency rates for FX/metals. cTrader/TradingView instead charge USD3 per USD100,000 per side. Published minimums are not measured averages.

Read official source ↗ · 2026-09-30

MT4/MT5; cTrader/TradingView use a separate Raw account.

Read official source ↗ · 2026-09-29

FAQ states retail negative balance protection.

Does not establish Pro coverage or insolvency compensation.

Read official source ↗ · 2026-09-29

Your next check: Check the contracting entity and current terms when applying. Identity checks and approval still apply.

Read official source ↗

IC Markets Australia — Legal documents · Source checked:

What the sources show

Each finding shows its own check date and applies only to the named entity and source; the group file remains incomplete.

Provider licence disclosure ·

Raw Trading Ltd

The former global regulation URL redirects to ic.com. It names Raw Trading Ltd, company 8419879-1, and securities-dealer licence SD018. The provider lists segregated funds; this does not transfer EU protections to this entity.

Sources and scope
Regulator records →

Client-protection evidence ·

IC Markets (EU) Ltd

IC Markets (EU) Ltd states that negative balance protection applies to retail clients, not professionals. Its FAQ also excludes professional clients from the Investor Compensation Fund. Eligibility is entity- and client-category-specific.

Sources and scope
Regulator records →

Entity and residence scope ·

Raw Trading Ltd

The global disclosure excludes residents of the US, Canada, New Zealand, Iran and North Korea, among others. Countries not named are not automatically approved.

Sources and scope
Regulator records →
Source comparison log →

Research changes

These are saved research additions, not dates when a regulator changed a licence. Previous source-check and import records remain in the audit archive.

  1. · Source check

    IC Markets · International Capital Markets Pty Ltd · costs source check

    Primary source ↗Open research file →

  2. · Research record updated

    IC Markets · Global domain redirect and EU professional-client exclusions recorded

    Primary source ↗Open research file →

  3. · Research changes

    IC Markets · CySEC Board decision 1 July 2024: administrative fine EUR 200000 on IC Markets (EU) Ltd for non-compliance with article 42 of Regulation (EU) 600/2014 / DI87-09 CFD leverage circumvention. Announcement 19 July 2024. Licence 362/18 remained on the current CIF register at research time.

    Primary source ↗Open research file →
View full research history →