IC Markets review 2019

Is IC Markets a good broker?

Beginner and advanced traders looking for low spreads and a variety of currency pairs and CFDs may find IC Markets to be a good choice.

Spread

Account minimum

Regulation

Accepting US citizens

Minimum 0.0 pip on EUR/USD ECN account
$200
ASIC
No

IC Markets is a popular broker based in Australia. It comes with extremely low spreads on its ECN accounts and you can deposit funds in a variety of ways, including PayPal. You can also open an Islamic, swap-free account if your religion forbids earning or paying interest.

Beginner traders may benefit from a decent library of educational resources, such as video tutorials and guides.

What kind of trading platforms does IC Markets offer?

You'll find Meta Trader 4, Meta Trader 5, cTrader and Web Trader platforms. You can also trade via a mobile app on Android and iOS.

Standout features

  • Low spread. ECN accounts come with 0.0 pips spread on EUR/USD pair.
  • Trading platform. Choose between Meta Trader 4, Meta Trader 5, cTrader, web-based platform or mobile platforms.
  • Trading instruments. Trade Forex and CFDs in the form of bonds, stocks, indices and more.
  • Swap-free Islamic account. IC Markets offers Islamic accounts for traders who cannot earn or pay interest due to religious beliefs.
  • Multiple deposit options. You can deposit with credit cards, PayPal, Union Pay, Neteller, Skrill and more.

Watch out

  • Minimum deposit. You need to deposit a minimum of $200 to open an account. This is relatively high, considering other brokers have $0 minimum.

What can I trade with IC Markets?

  • Currencies
  • Indices
  • Stocks
  • Commodities
  • Bonds
  • Cryptocurrencies
  • Futures

How do I signup with IC Markets?

  1. Go to IC Markets website.
  2. Click Start Trading.
  3. Fill out the application form.
  4. Fund your account.

Bottom line

IC Markets can be a great choice for traders looking for a variety of trading instruments, low spreads and solid trading platforms. You get numerous deposit options, including PayPal, but you have to deposit a minimum of $200.