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IC Markets — Forex Broker

Doesn't accept US tradersUS traders
  • Interest rate on funds
  • Free education
  • PAMM accounts
  • MAM accounts
  • Segregated accounts
  • Managed accounts

  See IC Markets reviews

6.4/10 (10 qualified reviews)
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Company International Capital Markets
Founded in 2007
Online since 2008
Offices in Australia
Hong Kong
Viet Nam
Payment options Credit/debit cards
Skrill (Moneybookers)
Wire transfer
Demo platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • webIRESS
  • ProDeal
Account currencies Show account currenciesHide
Currency pairs Show currency pairsHide
Regulated by ASIC, ACN 123 289 109
Website available in Chinese
English
Support available in Show support languagesHide
Support methods Email
Office
Phone
Trading server time zone GMT+1

Account Types

Minimum account size $200
Minimum position size 0.01 lot
Trading instruments
Forex 1:500
CFD
Futures
Trading platforms MetaTrader 4
cTrader
ProDeal
Digits after the dot in quotes 4
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Trading via API
  • Automated trading

  Open demo account with IC Markets.

  Open real account with IC Markets.

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Reviews 

29 reviews of IC Markets are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  anand venkat from India. Trading account #3XXXX8
Thursday, July 10, 2014

More Surprisingly to the clients that are on the right and wrong side are both looses hence no one can book profit and also suffer loss. Now small losses they will compensate but i saw a post of someone not compensated 500 ok that's just sad.... big losses well he said to me on the phone many things one I will share here I have never compensated anyone 8000$ so well you guys all that have been cheated have to Google this thread hopefully you read this god willing good luck to you.

Now my simple questions are as follows why doesn't server crash happen during other volatile announcements such as FOMC, or the Australian Governor speech which happened that day which was even more volatile than the NFP as I was short AUD/USD from the start of the recent correction the highest price, and funnily why does the price they know giving you 500-1 to leverage as any aggressive trader or well after being in the industry for long realizes how to use it to your advantage and we all know the broker even wants you to; hence opens positions since these guys only make movements in milliseconds are so quick they stop you out since smartly set they have set it at 80%, ok fine cant argue the stop-out percent; but why other honest sites that you have had tick history such as the biggest brokers not naming any until the time is asked they never even reached their prices now I am talking about real ECN brokers as these guys claim to be the biggest in the world, these are just one of many of their tricks. I can prove all this! Just waited for the right time to catch them. The company erased my trade log from my MT4 log history for July 3rd in my computer folder showing no trade proof i have screen shots of this which i will post shortly as well as surprisingly have been caught doing this simply because they are real nitwits to send proof of an account statement which shows me trading on this day; since no one will believe me posting mine so I will post that email or forward it or whatever a senior FPA membor advice's me to do now as it contains their company email from one of their employees showing me trading on this day. This is just the start of the craziness which I am going to expose one by one. A lot of clients can gain compensation from this good luck to all.

  Dechwale from Singapore. Trading account #3XXXX4
Tuesday, July 1, 2014

My experience in the forex markets is about 2 years plus. There are so many broker around the Internet I've tried before. So far my experience with IC Markets is the most satisfy one. They are best of the best!!! I'am very satisfy with their trading platform, price feed, quote, spread, money deposit/withdraw process etc. Strongly recognize for new trader or any serious trader from the world. Keep it on IC Markets, you are the best!!!

  Lukas from Switzerland. Trading account #2XXXXXXXX2
Tuesday, April 15, 2014

I have a very good experience with IC Markets, their spreads, commission rate, service and execution speeds are the best in the market. I didn't find a comparable ECN FX Broker in Europe.

Perfect choice for me, because I use Scalping EAs. Highly beneficial to trade with a discounted commission of $5.50 per round turn lot. I can recommend ICMarketsForexRebates.com to get the discount. Account opening was very fast and uncomplicated.

I also experienced reliable customer support and helpful staff. So far, ICM is the best FX Broker I have dealt with in the last years.

Best regards,

Lukas

  Imran from Indonesia. Trading account #2XXXXXXX1
Sunday, September 29, 2013

This is and excellent broker, I have an account for 3 months. Deposit money is very easy so is withrawal. For withdrwal the money back on my credit card in 2 day max. I like spreads most, they are low. I dont think that any broker is better than IC Markets.

 Malcolm from Cyprus. Trading account #2XXXXXXXX2
Sunday, June 2, 2013

I have been using this broker for about a month and thought that I would leave a review here. I know one month is not a long time, nut they have been a good broker. This is my experience with them so far:

1. No re-quotes

2. No trade delays

3. Fast withdrawals and deposits

4. Excellent customer service

I have been using EAs and they are ok with this kind of trading.

They are a great broker and I hope they stay like this.

Cheers

 Sammy from Bulgaria. Trading account #2XXXXXXXX6
Thursday, May 30, 2013

Very strange review below, everybody knows that broker spreads widen over end of day and at market close NY on Friday. This must be a new trader with no experience using ECN brokers, very sad that they are allowed to post. I have a good experience with IC Markets, their spreads, service and execution speeds are the best in the market, nothing negative to say. My personal account manager always calls me at least 1 time each month to check on my trading and see how I am, this is the best service I have had from any broker. I just wished they had a webtrader that’s the only negative. Highly recommended.

  Leventis from Brussels (writing the review in France as onfamily visit). Trading account #2XXXXXXXX8
Saturday, May 18, 2013

Here is a a truth about IC markets after a number of calls that I made to them due to their inefficiencies they responded as follows:

1. In the beginning when I started with them and called several times for platform freezing issues (Thanks God I kept every possible means of proof for that write chat messages, screenshots and

video recordings etc.....They said platform doesn't freeze and that it is yourmy end and internet connection and at a moment they convinced me and I changed internet provider...;they also mentioned

to me to get VPS for an additional cost or a minimum trading volume.

2. when I continued with them and encounter problems I was always the one with fault, not to mention that as I was interested to have a MAM account Angus (the only responsable for this!!!

becareful!) told me it's fine tomigrate to them as I was in another broker before (who didn't had mt4 platform)....and when I was ready to board to their firm...Angus told me they need minimum 5

accounts and around 20000 usd.....hmmm!

3. after my complaints about freezes at the end they accused me that all is because I don't know how forex market works and CFDS (hmmmm!!!! this is my 3rd broker and only reason to affiliate tothem

was the mt4i platform).....As Angus said

....ok Angus so if I don't complain for issues I 'm a good client...and know about forex check yourself images in live thread and soon video and tell here at the crowd....that I invented also this

images........(jumpshare.com/b/3JA9uPQawgqrxWkjp9bK) inthese images you may see some truths that may arrive but are not mentioned anywhere the worse is when you see the mini terminal showing

another price thanthe current candle)....I incite traders to have camrecorder - lightscreen - skype recording for proofs like the one that I got and keep track of all chat and email messages from

them.....

3. After I became a real burden for them as always was sending proofs etc and calling for inefficiencies...videos do proove this (soon youtube)....and asked for a refund after their no feed (no

price feed-inactive platform for more than an hour)......Angus send to me an email saying that my continuation with them entails a risk for their business.....and so our agreement takes an end and

have time to close my positions that are in drawdown in seven days.......(hmmmm......I must speed up Angus lose or win time presses me).....and mentioned that I can't publish any email prior to

their consent.....(Hmmm what are you affraid of ?)....

CONCLUSION JUDGE .....and DECIDE......

-I 'm not working against this GUYS but that's what I experienced with them

I hope earnforex doesn't censure the truth and here as a court of internet democracy is only truth that has beeen stated and in any dought all possible means of evidences are available written,

audio, video, images

- very suspicious for me and as stated also from another member here in reviews of Ic markets all their 'PERFECT REviEWS' are 90 - 95% from australia have the same writting style and expression

(probably all these writting them went to the same school)....and if you see other reviews mostly outside Australia they are terribly different 'WORST POSSIBLE REVIEWS' they mention words like

freeze, no connection, during news problems, communication difficulties etc I agree with you guys and I embrace the internet democracy

I was with 2 other brokers the only time I had called them was only I send administrative papers to board on or when I did now something. but migrated as they were (1dealing desk, no MT4 platform)

On 2013-05-14.....(in brief mentioning an interruption of feed of ic markets platform for those who want to check...the story goes as Follows....)....

1) I wrote at first an email to Angus

(the only responsible for such cases the only!!!!! as I had tried to contact even someone else as I was upset for the incovenience....who told me sorry he can't doanything only Angus can do)

here is my email:

Hello Mr Angus,

after the disaster of server no feed of 09:53:28 gmt + 1 = 11:53:28 platform time ( ([09:53:28] *** Call to IC Markets, duration 05:36. ***) herewith the loss that I sustained without being able to

do anything as

mentioned and recorded on skype voice recording my prior to this event price as found in that times feed was 0.9961 (I had mentioned to you about 0.9961-0.9966 on the call) so actual price as

platform started working again (feed) is 0.9908 time 11:42 gmt + 1 so For the positions I had opened I want to get refunded for the total amount, as the moment I had no feed I was somehow obliged

to a passif drawdown (in other case I would revendicate refund) . Thank you for you reaction to this matter

With regards,

Leventis

Angus:replies and asks for positions that were affected and here is my email

I think I was very clear. I have mentioned since our call what was the price. There is a skype recording of our conversation 0.9960-0.9966

Trade ID:4530902,45838310, 4538396,4540431, 4540431, 4540465,4540580,4540848,4554375,4554463

Currency:AUDUSD all

Quantity:total 4.70 lots

Open time:2013/5/09 16:25,2013/05/09 17:24:18,

2013/05/09 17::26:00,2013/05/09 20:12:53,2013/05/09 20:15:07,2013/05/09, 20:22:26, 2013/05/09 21:03:39, 05:53:26, 2013/05/09 06:00:06

Close time: they were not closed bad baddly affected by drawdown since connection interruption until reconnection when check the time that you mention

12:53 the price was 0.9926 (but actually when the platform started functioning again to my end as a client the price was 0.9908)

I prompt you to refund accounts proportionally for this drawndowns with the pip loss of 0.9960 - 0.9926 or better price closer to the 0.9908 or even current price favorable for you compared to

0.9908

-----On the phone when I had called Not Angus but Jean Paul Du Toit had answered and I do have this recording mentioning to him that no action was possible and now the actual price is 0.9960 -

0.9966 AUDUSD....he confirms that we check things later and now they have to establish connection which takes more than an 1 hour -----------------------

then Angus comes with a solution to refund the drawdown during the no feed from icmarkets platform....!!!!!I say no feed ...;you trade with no feed (perhaps praying for market direction)

and mentions the list of position and a potential refund.

----------

then he comes again later and says...The positions were in drawdown before the no feed....anyway and ic markets wont refund me the 1100 +- usd something Angus had concluded...

for God sake you keep me with opened positions in inactivity and you Angus the professional comes to say that you are not responsible for the additional drawdown during YOUR NO FEED??where I my

accounts suffered from a passif drawdown due to no feed- Dead platform?????? YOUR PLATFORM INEFFICIENCY?....as you may know and if you don't know you may maintain positions in drawdown for a life

time as long as you hedge and release upon your judgement.-------------------------------------------

then he comes with an email saying that many of the problems...freeze of platform (which other clients also protested the same day......are due to..as he writes: ( Many of the problems that you

have brought to our attention have not actually been problems, rather you do not understand the MT4 platform and how forex and CFDs work )........

THANKS GOD I SAY THERE ARE REVIEWS SITES like EARN FOREX AND THE WHOLE DEMOCRACY of internet and social media......

In his emails he says that these emails are confidential and are protected by privacy laws and I should not post them here prior to their consent......

I dare you Mr. Angus we put here all of our emails concerning technical problems with your platform.....and show what the real services and face of ic markets looks like.....

I will put in the discussion forum images of spreads and....image of platform freeze....videos showing different price feed in mini terminal and different in price bar chart....NO ONE IS

BLIND....IMAGES DON'T VIDEOS DON'T LIE.....correct Angus?...If I 'm a liar are images lying too?

I DARE YOU REFUND THE DRAWDOWN DURING YOUR TECHNICAL PROBLEMS AND NO PRICE FEED( DEAD PLATFORM).......

Bottom Line

---- loss for mr Angus obviously is only the closed positions and not the disaster you may occur of passif drawdown (money loss) when IC MARKET PLATFORM FREEZES OR GOES OFFLINE FOR MORE THAN AN

HOUR----

the event occured on 2013-05-14 to mention that it was not the only time that had problems with freeze and other issues that day I was trading fine until 9:53 gmt + 1 time then suddenly no

connection with ic markets platform. Neither any feed from the MAM account. I relogged in and the same...no feed situation. I called immediately ic markets and got Mr Angus on the phone telling me

that they have a problem with the server ..;and it will be resolved soon...forex is not about charity everything going on with the broker must be put here trasparently....so just to mention that I

had 4.70 lots position and during this problem I 'm having a drawdown of 0.9960-0.9965 before the server no feed situation until the moment I 'm writing 40 pips drawdown ( price now 0.9920) in us

dollars = 4.70 lots x 10 usd/lot x 40 = 1880 usd loss and can't do anything one star is for the performance normally it should be -2 stars....Mr Angus said on the phone that we will discuss for

losses later after they fix the problem.....I invite him to give here an answer....

  james basumatary from India. Trading account #1XXXXXXX2
Friday, May 3, 2013

I will not say that it is a bad broker nor i will say it the best in the market..Everything is fine with this broker but one thing is to careful when dealing with this broker i.e.your account can go to negative balance during news hours when is your positions is against you.There stop loss or take profit doesnot work during news hours.I have my own experience of going negative balance.I like this broker but that very thing has upset me very much.After all that happened i could not sleep well of the night..I wonder that after trading profits for several days and earning decently,if it takes only just a minutes to washed out my balance then what is the benefits of saying that all good things.I am not saying that it is a bad broker but you traders with this broker be careful during news time,your whole life earning will take just a second to washed off.I am still a trader of this broker but i was not expecting that this broker doesnot give guaranteed stoploss.THANKS

  Christopher Martin from IC Markets Support.
Friday, May 3, 2013

Dear Murray,

We have looked through our client database and we do not have Murray from Manchester as a client on our Demo or Live Severs. Furthermore we have not had any correspondence regarding a trade investigation.

We kindly ask that you post only honest reviews on this website about IC Markets or any other broker for that matter.

Christopher Martin

Client Support Officer

IC Markets

Email : c.martin@icmarkets.com.au

Phone : +61280144280

  murray from Mannchester. Trading account #1XXXX2
Thursday, May 2, 2013

This is the best broker in the world................at writing fake reviews. i just wish they would but some effort into there support staff rather than writing some of the BS below. Trade investigation a week, but I expect a reply within 24 hours. they market themselves as this ultra low spread broker but really if you take into account average slippage their spreads are like FXCM or IG markets. mutton dressed as lamb.

  Marcus Payne from Australia. Trading account #1XXXX6
Saturday, April 13, 2013

I posted this on another site an though that I should post it here also.

For anyone that has been around the traps in the forex game like me you will find that IC Markets is a refreshing change to the norm. I dont like to brag about my experiences but since I have had quite a few people ask me which broker I use I decided to come online and write a few words.

Each trader has their prefered style of trading and prefered broker for that matter. To date after 11 years I have not found one broker that fits all, some a suited to market maker brokers and others are suited to ECN brokers but it really just depends on your trading style.

Now I am little different to most, I trade aggressively scalping for a relatively small amount of pips but with large trade sizes. On top of this I use a few EA's every now and then. I have been through over 16 brokers in my each of which have their advantages and disadvantages. Some of them like my trading style and others hate it one of them even aske me to close my account. So choosing a broker is not easy at all especially for aggressive traders like me.

After being with IC Markers for around 8 months now I beleive that I am in a position to make a comment. I am pleased to say that their excution is outstanding, they have little slippage and their spreads are the best I have ever seen. My aggresive trading style suits this broker and I can recomend them to anyone else who aggressively scalps.

  Andrea from Australia. Trading account #1XXXX0
Wednesday, April 10, 2013

It is a real shame that people come onto review site like this to rubbish brokers and spread lies and rumours.

I have been a long standing client of IC Markets for 2 years, I can safely say they are the best forex broker in the business (and the biggest in Australia). I did have a small glitch on Friday nigh but nothing different to what I had at FXCM last year and Axitrader in October, IC Markets remain the best ECN broker in the world and have the best spreads in the market.

My execution times are fast and I get little slippage (I think Dave is full of hot air or a Fake). The spread are the best in the world, EURUSD is 0.1 pips !!!

So it is a real shame that people which are probably competitors just come to places like this to spread lies about the best broker in Australia.

Keep up the good work IC, dont let jealous compeditors try to put you down. You are best broker in Australia ever.

I love your spreads and I love your service.

Go IC Markets Go !!!

  TraderDave from Australia. Trading account #6XXXX8
Monday, April 8, 2013

I really wouldn't recommend this broker to anyone, because:

1) I get slipped 90% of my trades. This means spreads are actually around 0.5 - 1 pip wider than they appear. I think this is misleading and I hate slippage.

2) On Friday the 5th April they shut the live trading server down for 50 mins while the market was still open AND at the same time as Non Farm Payrolls (NFP). NFP is a massive event in the markets and I lost a lot of money from not being able to close my trade. I've submitted a complaint but don't know if I will get the money back.

3) Their customer service is appalling. They lost my deposit and then found it a week later but refused to apologise.

4) Reading around the forums it seems that everyone is having these issues and an IC Markets mass exodus is underway. I'm not going to be the last one standing.

If you are thinking of trading with this broker, don't.

Awful broker. I'm moving on.

 Manny from Philippines.
Friday, January 18, 2013

My friend told me about IC Markets, I have been trading with them for a few months now and I have a good spread (0.0 pips) and ea that scalps many pips, so far no issues or slippage problems.

I made some money and withdrew and got money back next day to my credit card, so far I am pleased with their speed.

I just signed up for VPS service and keen to see results on VPS, live chat and customer service is very nice and helpful.

I will update more later if I have issues but so far I like IC Markets very much and will be recommending to all of my friends.

 Martino from Chilie.
Saturday, January 12, 2013

Excellent one clicker modification to the MT4 trading platform that other brokers don't offer.

Customer support is far superior to any others that I have had accounts with, they have very competent staff.

Their system is very reliable with very few server problems.

Though they charge a small commission, the profit comparison to others is greater because of the much lower spreads. I have tested this on live accounts across brokers.

Simply put, they want you to succeed and give you the right tools.

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