IC Markets
True ECN forex broker with the lowest average spreads in the industry, deep liquidity, and support for MT4/MT5/cTrader.
★★★★★ 4.5/5
forexstockscrypto
Quick Facts
- Starting Price
- Free
- Free Tier
- Yes
- Founded
- 2007
- Company
- International Capital Markets Pty Ltd.
IC Markets Overview
IC Markets (International Capital Markets) is an Australian-based ECN forex and CFD broker consistently ranked among the lowest-cost brokers in the industry. With average EUR/USD spreads as low as 0.02 pips on raw accounts, IC Markets delivers pricing that rivals institutional-level execution.
The broker offers three platform options: MetaTrader 4, MetaTrader 5, and cTrader, each connected to deep liquidity pools from tier-1 banks and non-bank liquidity providers. Raw Spread accounts charge $3.50 per side per lot ($7 round turn) while Standard accounts bundle costs into the spread.
IC Markets is particularly popular among scalpers, algorithmic traders, and high-volume traders due to its fast execution speeds (average under 40ms), no dealing desk interference, and support for all trading styles including hedging and scalping. The broker is regulated by ASIC, CySEC, and FSA.
IC Markets Pricing
Standard
Free
- ✓ $200 minimum deposit
- ✓ 0.8 pip avg EUR/USD spread
- ✓ No commissions
- ✓ MT4/MT5/cTrader
Most Popular
Raw Spread
Free
- ✓ $200 minimum deposit
- ✓ 0.02 pip avg EUR/USD spread
- ✓ $3.50/side/lot commission
- ✓ True ECN execution
Features
✗ AI Analysis
✓ Backtesting
✓ Paper Trading
✓ Price Alerts
✓ Mobile App
✓ API Access
✗ Social Features
✓ Broker Integration
✓ Custom Indicators
✓ Automated Trading
✗ Trade Journaling
✗ Performance Analytics
✓ Risk Management
✗ News Feed
✓ Education Content
Pros & Cons
Pros
- + Lowest average spreads in the industry
- + True ECN execution with no dealing desk
- + Sub-40ms execution speeds
- + Supports all trading styles including scalping
Cons
- - Not available to US residents
- - Customer support can be slow during peak times
- - Limited research and analysis tools
Rating Breakdown
4.5
★★★★★
Overall Rating
ease of use 4.3
features 4.4
value 4.8
support 4.0
reliability 4.6
Similar Tools
Pepperstone
★★★★½ 4.5
Award-winning ECN forex broker with razor-thin spreads from 0.0 pips, fast execution, and MT4/MT5/cTrader support.
Free tier Free
forexstockscrypto
OANDA
★★★★☆ 4.3
Trusted forex broker with competitive spreads, advanced trading tools, and no minimum deposit requirement.
Free tier Free
forex
eToro
★★★★☆ 4.1
Social trading platform with CopyTrader technology, commission-free stocks, and 3,000+ instruments across all markets.
Free tier Free
stocksforexcrypto
Affiliate Disclosure: Some links on this page may be affiliate links. If you sign up through our links, we may earn a commission at no extra cost to you. This helps us keep TradingToolsHub free and our reviews independent.