ICMarkets CFD Broker Review 85

ICMarkets was established in 2007 in Sydney, Australia. A team of professionals with extensive Forex and CFD trading experience created this online brokerage. ICMarkets offers a comprehensive trading platform for casual traders and professional traders. CFD traders can expect rapid execution, tight spreads, quality trades, and superior customer support at ICMarkets.com.


Born and bred in the land down under, ICMarkets.com is Australian through and through. This CFD trading brokerage was established in Sydney in 2007 and it ranks as one of the most respected Forex and CFD providers in the industry. The platform successfully bridges the gap between institutional traders and high net worth traders. Thanks to the choices available to FX traders today, ICMarkets has been able to position itself at the top of the pile by offering tight spreads, rapid executions of trades, world-class customer service and quality trade frills. EA traders, day traders and scalpers enjoy the wide range of features available at ICMarkets. This online brokerage is fully regulated by the ASIC (Australian Securities and Investments Commission) with the following license #335692.

Account Types

There are 3 unique types of accounts available at ICMarkets. These include the cTrader ECN account, the True ECN account and the Standard Account. These 3 account types confer different benefits on traders. For example, the standard account charges $0.0 commission, and offers spreads from as little as 1.0 pips. It uses the MetaTrader 4 platform and the server location is Equinix NY4, New York. The starting deposit with a standard account is $200 and a maximum leverage of 500:1 is available. A standard account offers micro lots and 64 currency pairs. Full CFD trading is available along with one-click functionality. The standard account offers CNS VPS cross connection and Islamic accounts. You can use all types of trading styles and the programming language used on the standard platform is MQL4. The Islamic Account option is available on the Standard and True ECN platforms.

The True ECN platform charges $3.50 per lot. The spreads range from 0.0 pips and the trading platform is MetaTrader 4 just like the standard platform, the minimum deposit is $200 and the maximum leverage is 500:1. Micro trading lots at 0.01 are permitted and there are 64 currency pairs. Index CFD trading, one click trading, CNS VPS cross connections, Islamic account and all trading styles are permitted. It is ideally suited to scalpers and EA’s. The cTrader ECN offers spreads from as little as 0.3 pips for Forex trading. There also inverse spreads available with no minimum spread on the cTrader platform. Orders are filled by using the volume weighted average price and there is high liquidity and tight spreads. Scalping is also allowed on this platform and accommodation is made for flexible lot sizing. In total, there are 13 CFDs and 64 FX pairs. 10 currencies are supported on this platform including the HKD, GBP, EUR and USD. Some 10 funding options are available including e-wallets, debit cards, credit cards and bank transfers.

Deposit Options

Traders have access to 10 unique deposit methods at IC Markets. These include bank transfers or wire transfers. No fees are levied for incoming wire transfers to the segregated client trust account at IC Markets. Outside of Australia, local bank transfers do not levy fees on incoming wire transfers provided they are processed by Global Collect and its network of 59 banks. Debit cards and credit cards are available with no deposit or withdrawal fees. Skrill, Neteller, and WebMoney are available, although the latter charges a 3% fee for deposits. Other options include branch deposits, China Union Pay, BPay and broker to broker transfers.


ICMarkets is primarily a CFD trading brokerage. It offers multiple assets including commodities, indices, Forex and futures.

Forex: multiple currency pairs are available including the USD/JPY, EUR/USD, USD/CHF, GBP/USD, USD/CHF, AUD/USD and USD/CAD.

Indices: indices include the China 50, US 2000, ES 35, Nikkei 225, FTSE 100 index, Dow Jones EuroStoxx50 PR index, Hang Seng index, Dow Jones Industrial Average and the CAC40.

Commodities: these include soft commodities such as soybean, sugar, wheat, coffee and corn, metals such as palladium, platinum, silver and gold and energy commodities such as Brent crude oil, natural gas and WTI crude oil.

Futures: As a CFD trader, the futures markets are packed with options. These include the CBOE volatility index, the US dollar index, Brent crude oil futures and WTI crude oil futures. The pricing for CFD futures is derived from the underlying futures markets. The spread will include all the finance charges, commissions, and dividend adjustments. With futures markets, there are zero commissions on CFDs.


  • no bonuses or promotional offers
  • restricted to regulated countries
  • small number of tradable assets
ICMarkets Overview
Regulation: ASIC
Assets offered: Currencies, Metals, Indices, Commodities, Spot energies, Future energies, Soft Commodities, Future Indices, CBOE VIX Index
Minimum Deposit: $200
Deposit Options
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