IC Markets
True ECN forex broker with the lowest average spreads in the industry, deep liquidity, and support for MT4/MT5/cTrader.
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
- ✓ $200 minimum deposit
- ✓ 0.8 pip avg EUR/USD spread
- ✓ No commissions
- ✓ MT4/MT5/cTrader
Raw Spread
- ✓ $200 minimum deposit
- ✓ 0.02 pip avg EUR/USD spread
- ✓ $3.50/side/lot commission
- ✓ True ECN execution
Features
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
Overall Rating
Key Takeaways
- ✓ Lowest average spreads in the industry
- ✓ True ECN execution with no dealing desk
- ✓ Sub-40ms execution speeds
- ✓ Supports all trading styles including scalping
- ★ Rated 4.5/5 — best for forex scalpers, high-volume traders, algorithmic traders
- $ Free tier available
Summary
True ECN forex broker with the lowest average spreads in the industry, deep liquidity, and support for MT4/MT5/cTrader. IC Markets offers a free tier. Best suited for forex scalpers, high-volume traders, and algorithmic traders.
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