What type of trader is IC Markets best suited for?
💡 Answer
IC Markets is best suited for: Low Spreads, ECN Trading, Scalping, Algo Trading, High-Volume, Copy Trading, Day Trading, High Leverage, Swing Trading, News Trading, Hedging, Zero Spread, No Commission, Professional
IC Markets is a globally recognized forex and CFD broker headquartered in Sydney, Australia, founded in 2007. Known for its true ECN pricing model, IC Markets consistently delivers some of the tightest spreads in the industry, with raw spreads starting from 0.0 pips on major currency pairs. The broker serves traders in over 200 countries and has grown to become one of the highest-volume forex brokers in the world, processing billions of dollars in daily trading volume.Regulated by top-tier authorities including ASIC (Australia) and CySEC (Cyprus), as well as the FSA (Seychelles), SCB (Bahamas), and CMA (Kenya), IC Markets provides a secure trading environment with segregated client funds held at top-tier banks. The broker offers access to over 2250 tradable instruments across forex, stocks, indices, commodities, bonds, cryptocurrencies, and futures through MetaTrader 4, MetaTrader 5, cTrader, and TradingView platforms.IC Markets is particularly popular among scalpers, algorithmic traders, and high-frequency traders due to its ultra-low latency execution from the Equinix NY4 data center, deep liquidity pools, and support for Expert Advisors and automated trading strategies. With 24/7 customer support and a comprehensive range of payment methods, IC Markets caters to both beginner and professional traders worldwide.
See if IC Markets matches your trading needs — explore their full offering at IC Markets official website.
More FAQs about IC Markets
- Which countries are restricted from trading with IC Markets?
- How do I get started with IC Markets?
- Where is IC Markets headquartered, and when was it founded?
- What educational resources does IC Markets offer?
- What is IC Markets Trustpilot rating?
- What deposit and withdrawal methods does IC Markets support?
- Does IC Markets offer copy trading?
- Does IC Markets allow expert advisors and automated trading?
- What markets and instruments can I trade at IC Markets?
- What account types does IC Markets offer?
- What trading platforms does IC Markets offer?
- What is the minimum deposit at IC Markets, and are there any fees?
- What is the maximum leverage offered by IC Markets?
- What are the spreads and commissions at IC Markets?
- Is IC Markets regulated, and how does it protect client funds?
Guides Where IC Markets Is Featured
- Best CMA-Regulated Forex Brokers in 2026
- Best cTrader Forex Brokers in 2026
- Best ECN Forex Brokers in 2026
- Best Forex Brokers for Curacao in 2026
- Best Forex Brokers for Currency Trading in 2026
- Best Forex Brokers for Expert Advisors (EA Trading) in 2026
- Best Forex Brokers for High-Volume Trading in 2026
These guides include IC Markets alongside other forex brokers, grouped by trading features, platforms, availability, and trader requirements.
IC Markets vs Global Prime vs FP Markets - Forex Broker Comparison (October 2026)
Side-by-side comparison of IC Markets vs Global Prime vs FP Markets. Quickly scan spreads, leverage, regulations, platforms, instruments, fees, trading conditions, payment options and account types to narrow down your forex broker shortlist. Data updated October 2026.
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IC Markets
True ECN Forex & CFD Broker — Raw Spreads from 0.0 Pips
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Global Prime
Australian ECN Broker — Democratising Access to Global Markets
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FP Markets
Australian ECN Forex & CFD Broker
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|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 4.8 | 4.7 | 4.8 |
| Trustpilot Reviews | 57,264 | 560 | 10,368 |
| Headquarters | Australia | Australia | Australia |
| Founded | 2007 | 2010 | 2005 |
| Best For | Low Spreads ECN Trading Scalping Algo Trading High-Volume Copy Trading Day Trading High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional | Beginners Low Spreads Low Deposit Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads ECN Trading Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | |||
| Regulation | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Bahamas) CMA (Kenya) FSCA (South Africa) | ASIC (Australia) VFSC (Vanuatu) FSA (Seychelles) | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) CMA (Kenya) |
| Fund Segregation | ✅ Yes | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under CySEC ICF for EU clients | None | Up to €20,000 under CySEC ICF |
| Trading Costs | |||
| Min Spread | From 0.0 pips (Raw Spread), From 0.8 pips (Standard) | From 0.0 pips (Raw), From 0.9 pips (Standard) | From 0.0 pips (Raw), From 1.0 pips (Standard) |
| Commission | $3.50/lot/side (Raw Spread MT), $3/100K (cTrader Raw), None (Standard) | $7/round turn per lot (Raw), None (Standard) | $3/lot/side (Raw), None (Standard) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | None | None |
| Deposit/Withdrawal Fees | No deposit or withdrawal fees. Bank wire may incur intermediary charges | No deposit fees. No withdrawal fees | No deposit fees. Bank withdrawal A$10 international. E-wallets free |
| Trading Conditions | |||
| Max Leverage | 1:1000 (Global), 1:500 (Bahamas), 1:30 (EU/AU retail) | 1:500 (Global), 1:30 (AU retail) | 1:500 (Global), 1:30 (EU/AU retail) |
| Min Deposit | $200 | $0 | $100 |
| Execution Type | ECN | ECN | ECN |
| Stop Out Level | 50% | 20% | 50% |
| Margin Call Level | 100% | 90% | 100% |
| Instruments | 61 Forex 2100+ Stocks 25 Indices 19 Commodities 6 Metals 3 Energies 21 Crypto 9 Bonds 5 Futures | 49 Forex Stocks 18 Indices 23 Commodities Metals Energies 5 Crypto 7 Bonds | 70+ Forex 10000+ Stocks 12 Indices 3 Commodities 4 Metals 2 Energies 5 Crypto ETFs Bonds |
| Currency Pairs | 61 | 49 | 70 |
| Min Lot Size | 0.01 | 0.01 | 0.01 |
| Platforms & Tools | |||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS |
| Mobile App | ✅ Yes | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes | ✅ Yes |
| Education | Webinars Video Tutorials Trading Guides Market Analysis IC Your Trade Podcast | Trading Guides Economic Calendar Trading Calculators Daily Market Insights | Webinars Video Tutorials Forex 101 Articles Trading Guides Podcast |
| Account & Support | |||
| Account Types | Standard Raw Spread cTrader Raw Islamic Demo | Standard Raw Islamic Demo | Standard Raw Islamic IRESS Demo |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay FasaPay Crypto (BTC) | Credit/Debit Cards (Visa Mastercard) Bank Wire PayPal Skrill Neteller FasaPay | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay Crypto Apple Pay Google Pay |
| Withdrawal Speed | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) | Same Day (e-wallets), 1-2 Days (cards), 3-5 Days (bank wire) | Same day (e-wallets), 1-2 days (cards), 3-5 days (bank wire) |
| Support Hours | 24/7 Live Chat, Email, Phone | 24/7 | 24/7 Live Chat, Email, Phone |
IC Markets
Global Prime
FP Markets