IC Markets Review – A True ECN Broker

IC Markets Review True ECN Broker

What is IC Markets?

Before giving IC Markets review, let’s see a little about what is IC Markets and what is going on. This is a true ECN broker among the best forex brokers, offers the best possible forex trading opportunities in Forex, CFD, and Cryptocurrency.

IC Markets is one of Australia’s leading Forex and CFD brokers, which was established in 2007 and is regulated by the Australian ASIC. It’s Head Offices occurs in Sydney and Seychelles.


IC Markets Review:

It is a very safe broker that segregates the accounts of its clients in some of the main Australian banks and also has an insurance line with Lloyds de London bank. These accounts to which company personnel do not have direct access and are entrusted to the security of top-level banking institutions.

In this case, because IC Markets is founded and regulated in Australia, these banking institutions are the main country banks, Westpac and National Australia Bank (NAB).

Information    Description 
Country  Australia 
Regulation ASIC (Australian Securities and Investment Commission)
Registration No Australian Company Number:

123 289 109

Australian Business Number: 

12 123 289 109

Australian Financial Services Number:

335 692

Company number (SC):


Markets Forex, CFDs on indices and commodities
Broker Type ECN
Currency Pairs 64
Minimum Deposit 200 USD
Deposit Methods Card, Wire Transfer, Neteller, Skrill, Paypal, etc
Trading Platforms MT4, MT5, cTrader
Spreads -0.3 in cTrader, 0.2 average in EURUSD
Commissions 3.5 USD per lot
Maximum Leverage 500:1
Types of Accounts True ECN for cTrader

True ECN for MetaTrader

Standard for MetaTrader

Islamic Account Yes
Website  https://www.icmarkets.com/

IC Markets Regulation:

The IC Markets regulation is fully implemented by ASIC (Australian Securities and Investment Commission). A highly respected regulatory body within the foreign exchange sector.

IC Markets a Scam or Not:

The IC Markets is not a scam broker. Personally, I have not seen any kind of scam but cannot 100% guaranteed. 

IC Markets Deposits and Withdrawal Methods:

Deposits and withdrawal to the IC Markets account can be made in the following options.

  • Visa / Mastercard
  • Paypal
  • Wire transfer
  • Neteller
  • Qiwi
  • Skrill
  • Union Pay
  • B-pay
  • Wire transfer

Those are the most popular deposit options, however, they also accept others such as FasaPay, POLI, RapidPay, Klarna, and Bitcoin.

IC Markets Cryptocurrencies:

The following IC Markets cryptocurrencies are traded 24/5 as CFDs and are commission-free with a variable but highly competitive spread.

Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Emercoin, NameCoin, and PeerCoin CFDs. This is a comparatively larger selection than many other important brokers.

How to open an IC Markets account?

The opening of an account with IC Markets is quite easy. Fill your registration form and confirm email. You only have to enter your personal data, i.e.,

  1. Your Real Name 
  2. Email ID
  3. Enter your phone number.

Once the confirmation email received, they will ask you to send the identity and residential documents. 

Complete Verification:

These can be a National ID card or passport (mentioned in the form) and receipt invoices received on your home address.

IC Markets Minimum Deposit:

After opening a real IC Markets account, the minimum deposit required is $200. In order to deposit, your account must be activated and verified.

IC Markets Support Services:

Global Phone Numbers

General: +61 (0)2 8014 4280

Fax: +61 (0)2 8072 2120

Toll Free Numbers

Australia: +1300 600 644

Email Inquiries

Client Relations: [email protected]

Support AU: [email protected]

Support SC: [email protected]

Accounts: [email protected]

Marketing: [email protected]

IB/Partners: [email protected]

Office Hours:

From Monday  to Saturday (AEDT): 07:00 – 07:00

From Sunday to Friday (GMT): 22:00 – 22:00

Contact Details for China

Support: [email protected]

Partners: [email protected]

Office Days: Monday – Friday (Beijing Time)

Office Hours: 09:00 – 23:00




The information provided on this page is a reference to the IC Markets official website however, we disclaim for the lake of information. A company can change it anytime. You must check and confirm it from the company’s official page.