IC Markets
Raw Trading Ltd / International Capital Markets Pty Ltd
Assessment summary
IC Markets, founded in Sydney in 2007, is one of the best-known raw-spread brokers, regulated by ASIC and CySEC. It offers raw spreads from 0.0 pips, low commissions, MetaTrader 4/5, cTrader and TradingView, and 2,250+ instruments, making it a favourite of scalpers and algorithmic traders.
Strengths
- Founded in 2007 in Sydney, Australia
- Regulated by ASIC and CySEC, plus CMA Kenya and FSA Seychelles
- Raw spreads from 0.0 pips
- Low commissions: from $3.00 per side on cTrader
- MetaTrader 4, MetaTrader 5, cTrader and TradingView
- 2,250+ instruments
- Leverage up to 1:1000 for international clients
- Ideal for scalping, high-frequency and EA trading
- Standard account with no commission
- 24/7 customer support
Multi-criteria score
A weighted average over criteria that have data only. A “no data” criterion is excluded and lowers data coverage instead.
Data coverage 100% — complete-assessment threshold 70%
- Licensing & regulationWeight 35%9.0/10
Evidence: ASIC and CySEC (tier 1) plus FSA Seychelles and SCB Bahamas for international clients.
Assessed: November 9, 2026
- Cost transparencyWeight 24%9.0/10
Evidence: Raw Spread from 0.0 pips + $3.50 per side (MT) or $3.00 (cTrader); Standard from 0.8 pips, no commission.
Assessed: November 9, 2026
- Support qualityWeight 18%8.0/10
Evidence: 24/7 multilingual support via live chat, email and phone.
Assessed: November 9, 2026
- Platforms & toolsWeight 12%9.5/10
Evidence: MT4, MT5, cTrader and TradingView; copy trading via IC Social, ZuluTrade and Myfxbook.
Assessed: November 9, 2026
- Deposits & withdrawalsWeight 12%8.0/10
Evidence: Cards, bank wire, e-wallets; no deposit fees from the broker.
Assessed: November 9, 2026
Legal identity
Legal details are taken from official documents and the regulator's register, and dated.
- Legal name
- Raw Trading Ltd / International Capital Markets Pty Ltd
- Registered in
- Australia / Seychelles / Cyprus
- Headquarters
- Sydney, Australia
- Official domain
- www.icmarkets.com
- Founded
- 2007
Regulation & licences
Each licence links directly to the regulator's official register. Company registration is not a financial-services licence and is shown separately.
Financial-services licences
| Regulator | Country | Legal entity | Licence no. | Type | Tier | Verified | Reference |
|---|---|---|---|---|---|---|---|
| ASIC | Australia | International Capital Markets Pty Ltd | 335692 | AFSL | Tier 1 | Nov 6, 2026 | View on regulator's site |
| CySEC | Cyprus | IC Markets (EU) Ltd | 362/18 | CIF | Tier 1 | Nov 6, 2026 | View on regulator's site |
| CMA Kenya | Kenya | IC Markets (KE) Limited | 199 | Non-Dealing Online Forex | Tier 2 | Nov 6, 2026 | View on regulator's site |
| FSA Seychelles | Seychelles | Raw Trading Ltd | SD018 | Securities Dealer | Tier 3 (offshore) | Nov 6, 2026 | View on regulator's site |
Trading accounts
Figures as advertised by the broker on the review date.
| Account | Spread from | Avg EURUSD | Commission | Leverage | Min. deposit | Margin call | Stop out | Swap-free | Base currencies |
|---|---|---|---|---|---|---|---|---|---|
Standard Standard | 0.8 | — | No commission | 1:1,000 | $200 | — | — | — | |
Raw Spread (MetaTrader) RAW | 0.0 | — | $3.50 per side / lot | 1:1,000 | $200 | — | — | — | |
Raw Spread (cTrader) RAW | 0.0 | — | $3.00 per side / lot | 1:1,000 | $200 | — | — | — |
Trading conditions & services
Platforms
2,250 tradable instruments
- Copy trading
- Swap-free account
Client protection
- Negative balance protection
- Segregated client funds
Full review
About IC Markets
IC Markets was founded in Sydney, Australia in 2007 and has become one of the best-known raw-spread brokers in the world. Deep liquidity, very low spreads and fast execution make it a favourite among scalpers, day traders and users of Expert Advisors.
Regulation
| Regulator | Entity | Licence |
|---|---|---|
| ASIC (Australia) | International Capital Markets Pty Ltd | 335692 |
| CySEC (Cyprus) | IC Markets EU | 362/18 |
| CMA (Kenya) | IC Markets | 199 |
| FSA (Seychelles) | Raw Trading Ltd | SD018 |
Account types
| Feature | Standard | Raw Spread (MT) | Raw Spread (cTrader) |
|---|---|---|---|
| Spread | From 0.8 pips | From 0.0 pips | From 0.0 pips |
| Commission | None | $3.50 per side per lot | $3.00 per side per lot |
| Minimum deposit | $200 | $200 | $200 |
| Max leverage (international) | 1:1000 | 1:1000 | 1:1000 |
Platforms
- MetaTrader 4 and MetaTrader 5
- cTrader with advanced order management
- TradingView integration
- Windows, Mac, web and mobile
Markets
More than 2,250 instruments: forex, indices, commodities, metals, bonds, futures, share CFDs and cryptocurrencies.
FAQ
Is IC Markets regulated? Yes, by ASIC (Australia) and CySEC (EU), as well as the CMA in Kenya and the FSA in Seychelles.
What is the minimum deposit? About $200.
Which account has the lowest cost? The Raw Spread cTrader account, with spreads from 0.0 pips and $3.00 commission per side.
This review is based on publicly available information and the broker's official materials. Leveraged forex and CFD trading carries a high level of risk. Past results do not guarantee future results. Questions? Telegram support @fibonacci_chart
User complaints
Complaints are published after spam checks, removal of personal data and an opportunity for the broker to respond.
There are no published complaints about this broker.
This profile was assessed under methodology v1.0. Spotted a mistake? Report it and we'll review within 48 hours.
Forex and CFD trading carries a high risk due to leverage and you may lose more than your initial deposit. Content on this site is educational and not investment advice.