IC Markets Review
Written By
ForexRater Research Team
Data-driven broker comparison · Independently tested · No paid rankings
Reviewed against our published methodology →Reviews represent the editorial opinion of ForexRater and are not personal financial advice.
Audit Scorecard
Our Verdict
IC Markets is assessed here on its regulatory licences, published trading costs, platform range and account terms. Its licences from ASIC, CySEC, FSA Seychelles are the primary safeguard for client funds — check each licence number on the regulator's own register before depositing.
IC Markets advertises execution of 35ms and offers MT4. That execution figure is the broker's own published claim, not a speed we have measured — real fills vary with account type, session liquidity and news conditions.
Pros & Cons
The Good
- Raw ECN Pricing
- High Leverage
- Exceptional Support
The Bad
- Limited Stock CFDs
- Web platform is basic
Regulatory record
Primary registersPublic enforcement records & market-access notices
- CySEC (Cyprus) · administrative fine · under appeal19 Jul 2024 (approx.) — IC Markets (EU) Ltd · 200,000 EUR (~US$216,000)
Leverage violations: offered up to 1000:1 via a third-country entity, circumventing the EU 30:1 retail cap; CySEC found the conduct knowing and intentional.
Verified by secondary · checked 28 Jul 2026 · Source
- CySEC (Cyprus) · administrative fine · under appeal1 Jul 2024 — IC Markets (EU) Ltd · 50,000 EUR (~US$54,000)
Failure to take sufficient steps for best execution (price/size) plus further MiFID breaches.
Verified by secondary · checked 28 Jul 2026 · Source
Authorisation/market-access warnings for specific jurisdictions — not enforcement actions or sanctions against the broker.
- rbi alert list (2025-11-19) — Authorisation warning for Indian residents under FEMA; not an enforcement action.checked 28 Jul 2026
Live Newsroom & Updates
Quick Stats
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Also Consider
Risk Warning
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.