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IC Markets
22.4.26
IC Markets
IC Markets Review for traders in the UK: Raw Spreads from 0.0 Pips
Good for UK traders who want raw spread ECN access without the overhead of a proprietary platform. ASIC and CySEC both apply — no FCA licence, but the regulatory structure is strong and four platforms including TradingView are available.
Consensus Rating
The rating evaluates 42 key factors, from regulation and costs to execution, product offering and support. The score combines analysis from multiple experts and competitor comparisons to provide an aggregated and balanced assessment. This reduces individual bias and offers a more reliable reference for broader market consensus.
Founded in 2007 in Sydney, IC Markets built its reputation on one thing: raw spreads and fast execution. It holds licences from three regulators — ASIC, CySEC, and FSA Seychelles — with the applicable entity depending on the trader's country of residence.
The broker offers access to over 2,200 instruments across forex pairs, indices, commodities, stocks, and cryptocurrencies. Four trading platforms are available: MetaTrader 4, MetaTrader 5, cTrader, and TradingView — a combination that covers both institutional-grade tools and the growing segment of chart-first traders. Execution is ECN-based with average latency under 1ms.
On the Standard account, spreads start around 0.6 pips on EUR/USD with no commission. The Raw account offers spreads from 0.0 pips with a $6 round-turn commission per lot — one of the most competitive raw pricing structures in the industry. The minimum deposit is $200.
Available locally?
Foundation
2007
Minimum Deposit
£200
HQ
Payment Methods
Regulators
ASIC
FCA
CySEC
FSA
Trades at the Stock Exchange?
❌
How to Open an Account
1. Go to the official website >
Visit the app's official website (or download it from the App Store/Google Play) to get started from a trusted source.
2. Open an account
Register, enter your basic information, and set up secure login. If available, enable two-factor authentication for extra protection.
3. Verify your identity
Complete the verification process with the required documents, such as an ID card or passport, and proof of residence (e.g., an electricity bill or bank statement).
4. Add funds
Choose how to use the service: bank transfer, card, or linked account (depending on the app). Check fees, limits, and processing times before confirming, as they may vary.
5. Make your first transaction
Find the function you need in the app, set the amount or limit (if applicable), and confirm.
Official Website:
Advantages
Regulation & Trust
Investor Compensation Scheme
Compensation program available if the company becomes insolvent.
Regulation & Trust
Negative Balance Protection
Prevents losses from exceeding the account balance.
Trading Platform & Execution
Fast Execution Speed
Orders executed quickly with minimal latency.
Regulation & Trust
Multiple Tier-1 Regulators
Supervision by several top-tier financial regulators increases investor protection.
Regulation & Trust
Segregated Client Funds
Client funds kept separate from company operational funds.
Costs
Transparent Fee Structure
Fees, spreads, and commissions are clearly disclosed.
Research & Education
Free Educational Materials
Educational content such as guides, tutorials, and courses available.
Trading Platform & Execution
Algorithmic Trading Support
Automated strategies can run through trading algorithms.
Trading Platform & Execution
Desktop Trading Platform
Dedicated desktop software available for trading.
Costs
No Withdrawal Fees
Funds can be withdrawn without broker withdrawal charges.
Disadvantages
Market Access
Limited Assets
Restricted range of tradable instruments.
Customer Support
Limited Support Channels
Few ways available to contact customer support.
Alternative Provider
AvaTrade
AvaTrade offers spread betting under its UK entity — a tax-efficient alternative to CFDs for British traders. Alongside the full CFD offering across 1,260+ instruments, AvaProtect's trade insurance and TradingView integration make it one of the more complete options available in this market.