IC Markets Review for traders in Kenya: Raw Spreads from 0.0 Pips
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.
Kenya
>
brokers
>
IC Markets
19.4.26
Available locally?
Foundation
2007
Minimum Deposit
USD200
HQ
Payment Methods
Regulators
ASIC
FCA
CySEC
FSA
Trades at the Stock Exchange?
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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
Trading Platform & Execution
Fast Execution Speed
Orders executed quickly with minimal latency.
Regulation & Trust
Segregated Client Funds
Client funds kept separate from company operational funds.
Costs
Transparent Fee Structure
Fees, spreads, and commissions are clearly disclosed.
Trading Platform & Execution
Desktop Trading Platform
Dedicated desktop software available for trading.
Costs
No Withdrawal Fees
Funds can be withdrawn without broker withdrawal charges.
Account & Funding
Low Minimum Deposit
Accounts can be opened with relatively small starting capital.
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
Web Trading Platform
Trading accessible through a browser without software installation.
Account & Funding
Fast Withdrawals
Withdrawal requests are processed quickly.
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 is a Dublin-based CFD and forex broker founded in 2006, now serving over 400,000 traders across more than 160 countries. Regulated by nine authorities worldwide — including the CBI in Ireland, ASIC in Australia, CySEC, FSCA and JFSA — it covers most major jurisdictions with solid oversight. The instrument range spans 1,260+ assets: forex pairs, CFDs on stocks, indices, commodities, ETFs, bonds, cryptocurrencies, vanilla options and futures. Platforms include MT4, MT5, the proprietary AvaTradeGO app, WebTrader, AvaOptions and AvaFutures, with TradingView integration and copy trading via AvaSocial and DupliTrade. Spreads start from 0.9 pips on major pairs with no commissions, and the minimum deposit is $100. A standout feature is AvaProtect — a built-in trade insurance tool that lets you hedge selected positions against losses for a defined period.
Official Website: