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IC Markets Review and Information 2024

IC Markets Information and Review IC Markets
Voting Rating IC Markets does not participate in the Forex Rating
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Regulation Eden Plaza,Office 222, Eden Island,Mahe, Seychelles
Trading software MetaTrader 4, MetaTrader 5, cTrader
Headquartered Eden Plaza,Office 222, Eden Island,Mahe, Seychelles

IC Markets is one of the most renowned Forex CFD provider, offering trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers its clients cutting edge trading platforms, low latency connectivity and superior liquidity.IC Markets is revolutionizing online forex trading. Traders are now able to gain access to pricing previously only available to investment banks and high net worth individuals.

Our management team have significant experience in the Forex, CFD and Equity markets in Asia, Europe and North America. It is this experience that has enabled us to select the best possible technology solutions and hand pick some of the best pricing providers available in the market.

When was IC Markets Founded?

IC Markets was incorporated  by a team of professionals in the financial services industry who were instrumental in the success of one of  largest regulated CFD  provider. IC Markets sought to bridge the gap between retail and institutional clients offering a trading solution previously only available to Investment banks and high net worth individuals. IC Markets Raw Spread Connectivity was born, providing superior execution technology, lower spreads and unrivalled liquidity.

IC Markets is dedicated to innovation, constant improvement and utilising cutting edge technology previously unavailable.

Mission Statement

IC Markets mission is to create the best and most transparent trading experience for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service.

Core Values

  • Integrity and Trust
  • Honesty and Fairness
  • Transparency
  • Commitments and Responsibility
  • Reliability
  • Flexibility
  • Constant Innovation
  • Strong Corporate Governance

Regulatory Compliance

IC Markets acknowledges the importance of compliance with all relevant laws, rules, regulations, policies and standards. IC Markets is committed to having strict management discipline and first-class controls in our compliance environment. As a regulated entity IC Markets is required to meet strict financial standards, including capital adequacy and audit requirements.

  • Low Spreads. Our mission is to provide traders with the lowest spreads possible during all market conditions. We have invested heavily in technology and establishing strong relationships with some of the largest and most reliable liquidity providers in the market. We are constantly adding and tweaking our technology in order to bring our traders the best possible conditions in the industry.
  • Fast Execution. IC Markets utilises enterprise grade hardware on our trade servers in the NY4 & LD5 data centre in New York & London respectively. Our trader servers are collocated with the data server of our pricing providers in these data centres. Dedicated fibre optic cross connects us and our pricing providers to ensure the lowest latency and fastest possible trade execution for our clients.
  • Superior Technology. IC Markets has partnered with the world’s best trading technology companies to bring you the ultimate trading experience  and cutting edge trading tools. These tools include: Depth of Market (DoM), inbuilt spread monitoring, ladder trading, automated close of trades with custom order templates, and more. Our iPhone and Android trading applications have been optimised to provide you the best possible mobile trading experience.

IC Markets holds client money in client segregated trust accounts with Westpac and National Australia Bank (NAB) . All client money is managed in accordance with the Client Money Handling rules and held separately to IC Markets company funds. Client money is not used for any operational expenses or purposes.

  • Audit. IC Markets has in place an independent, external auditor to supplement our operational processes and ensure regulatory compliance.
  • Confidentiality. IC Markets maintains appropriate controls and monitors the transfer of confidential and sensitive client information within and outside the Company on a need-to-know basis. IC Markets does not deliberately disclose client information unless this is upon request of the client, or as required to do so by law.

IC Markets Trading Information 2024


WWW https://www.icmarkets.com/
Address Eden Plaza,Office 222, Eden Island,Mahe, Seychelles
Headquarters Eden Plaza,Office 222, Eden Island,Mahe, Seychelles
Free phone +248 467 19 76
24 hour support
Trust management
Expert advisors
Free education
Bonuses, Promotions
Sponsorship contests, competitions
Mobile trading
Copy trading
Automated trading
Daily analysis
Demo account
24/5 trading
Scalping
Hedging
PAMM
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Fixed
Pip spread on majors 1-3
Maximum Leverage 500
ECN, $ 500
Standard account, $ 200
Mini account, $ 200
Popular payment methods Credit Cards, WebMoney, Wire Transfer
Account currencies USD, EUR
Available assets Forex CFDs, Commodities, Indices, Bonds, Digital currencies, Stocks, Futures
Languages English
Platforms MetaTrader 4, MetaTrader 5, cTrader
Broker type Broker
Regulation ASIC, ACN
Foundation 2007

IC Markets Traders' Reviews

  8 Oct 2023
My experience with IC Markets was a nightmare from the start to the end and I still got nothing after spend thousands of rande in fees to get my profit and still got nothing. A trader for IC Markets contact me a while back to trade with them and I told him never in my life again. He asked me why and I told him. He asked for the evidence and I gave it to him. He came back to me and said he found it and he see what happened. He told me a fee (again) must be paid and then my profits will be paid into my bank account. He told me they are busy processing the transaction while we speak and it will reflect in my account. A day later I asked what is happening. He told me I must pay another fee. I then told him it was just another scam by them.
  20 Jun 2023
There were some difficulties with the freezing of transactions, but this is in the past. Now in IC Markets both spreads and execution speed are optimal for manual trading. Of course, not all conflict situations, if they arise, will be resolved in your favor. But there was not a single case in almost 2 years of professional trading through IC Markets when the broker refused to consider my claim on certain transactions. The support department is always available and if there is a failure or error, you will be heard. But if you are dumb, draining the deposit, and blame the broker, then you are unlikely to be supported.
  12 Jun 2023
Online support, the data from the website, and the email support have different answers to my inquiries. They are not trustworthy. And only wants money from customers. I pulled out my money today. Save yourself from headaches and choose other reliable brokers.
  5 Apr 2023
I have been trading with the IC Markets platform for over a year now. I like the broker because it does not limit my trading to currencies alone, but allows me to work with trading indices and commodities. IC Markets has a fairly well-composed training course that allows a novice trader to learn. Also, the advantage of the broker is the relatively fast deposit and withdrawal of funds. I will say that a huge plus of the broker is focusing only on forex services. In management, they know and understand that everything at once means a little and a little bit. There are no binary options, obscure tools and dubious services here. If you need access to the foreign exchange market, then IC Markets provides it in such a quality in which it can only exist now.
  26 Feb 2023
IC Markets have agents working for them now to bring new customers in and trade on their behalf, these are paid agents by IC due to higher than unusual spread and pay commissions to accumulate funds and ultimately scoop parts of profits when this company faults. To call it a ponzi scheme maybe too far but as a former employee in Sydney I have personally witnessed gross procedures of funds in accounts that are manipulated. I would never work at such a company again, and the Australian government should do more to protect peoples money. The bottom line is they are not as regulated as people think.
  8 Feb 2023
IC Market is so bad when it comes to withdrawal. I made a depost using paypal and visa card. Soon after lot of withdrawal from Paypal, my paypal was disqualified. I can not used my visa card for withdrawal because the bank cancelled my visa card. I used then my bank account for withdrawal but then IC Market just ignored my request. Please stay away from this broker. These broker will try their best to freeze your money by using various delaying tactics and reason.
  2 Jan 2023
IC Markets have to be the lousiest fx company of all of them and charge the highest fees, they rob you blind.
  3 Oct 2022
Avoid this Broker. From experience if you are succeeding they will definately use some dirty tactics to blow your account. Like the excuse of AML to freeze your withdrawals, prevent deposits even though your bank is OK, excessive spread manipulation, trading against you, screen freeze, price slippage, not putting your trades through to market and much more. You can also check with the UK FCA they are cancelling being regulated by them. I don't trust them. A lot of unregulated behaviour. Hopefully this review will save your hard earned money.
  12 Aug 2022
Hi everyone. Please stay away from IC Markets, this broker is not regulated, inspite of what you may see on their website. On August 5, 2022 I sent a wire transfer in the amount of US$400 to IC Markets. It was my first time funding my account and my bank confirmed that the funds did go through. Today is 6 days since the wire transfer and IC Markets accounts team keeps telling me that they have not received my funds. I have checked with my bank again just to re-confirm that the funds went to IC Markets. I sent IC Markets a copy of the wire transaction and they keep saying that they have not received the funds. I am very angry that scammers like IC Markets are allowed to rip people off like this and the authorities do nothing about it. Based on all the stories here, I know that I have lost my money. They are scammers. Please go to another broker such as TD Ameritrade or another regulated broker. We should go to the media to expose them.
  20 Jul 2022
Stay away from IC Markets. They are a bunch of thugs stealing your money and giving you false information. They have lots of people talking on emails as well as whatsapps. You request a withdraw but every day there is some new sort of fee as they can block your account.
I agree with you From Briel, I have having such a raw deal with the scamming ICmarkets Africa Traders Irsak *** and George ***, they have another extra claim every day, only promising pay outs which never happens. George *** instructed me to deposit an amount into a certain Capitec Bank account, but let me know the next day it was the incorrect bank details, and that I had to repay it, they could not refund it or utilise it. This absolute scamming has been going on for more than 3 months now, with absolutely NO success. At 23h00 last night I received a telephone call from a highly intoxicated Irsak ***, I eventually cut his call! The now request me to pay another R500, whilst they are still in possession of the money they have taken by supplying incorrect information! I think ICmarkets and their traders stink, scammers of old people.
Eugene Shamley   4 Aug 2022
  3 Jun 2022
My money still stuck in IC Markets and yes they have moved all accounts to the the Seychelles to get around FCA regulations, what a scam company. By now we all know the monthly gains are pigeon crap. The daily swaps money on the bottom of the daily reports that are emailed out daily from IC Markets. Well that money is shared out with the fund that brought us in to IC Markets, so win or lose trades, they still get their commission on again any trade win or losing. It's a win/win situation for them and to top it off they are unregulated now and cannot get the money out. Only matter of time now before they go under, I just hope I can get my money out in time.
My account is also get blocked in IC markets.
Anum Majeed   25 Jun 2022
I also encountered fake quotes and they refused to pay.
Dollar   20 Jul 2022
  11 May 2022
Should I worry about my money? I put in a withdrawal since 28th April, but I am yet to receive the fund into my bank acc. Have anyone experienced this with IcMarkets? Customer service said 2 to 14 business days. I think is so long.
  25 Apr 2022
I have an account with IC markets for 4 years and recently we were all moved to IC seychelles as they could not offer 1:500 for ac holders in Australia which is FCA approved. My deposit was held up sent through banking channel for the past week or so I cant trade and its a significant amount. All the time I chatted with them we are reviewing your documents and all documents are supplied already approved and just delaying deliberately for no valid reason. Please guys start looking at other brokers now since IC is not upto the same standard anymore they were maintaining previously. Their service is so bad and delaying for no reasons. They have my money and they accept they have it and wire transfer was correct but delaying the deposit into my account and not letting me trade.

  18 Apr 2022
If you are looking to set up a account with these guys, please be aware, the are not FCA approved and are offshore in the Seychelles. Although they show Australia and federally insured not true. we have taken our money out, We threatened to report them on social media to get our money after trying for quite while. Do your own research, the commission swops are some of the highest around and are usually shared everyday with the person or persons who brought you to IC Markets. They have a terrible customer service and frankly not safe. Beware what you are getting in to before you sign up.
So which broker is good? Because there are lot of negative reviews on many brokers.
Josiah   10 Jul 2022
  25 Mar 2022
I have been struggling to withdraw my money since 20feb, and support said they can't locate my funds.
  24 Mar 2022
I have been so frustrated with the account opening process at IC Markets and their customer service is purely the worst I have encountered in my life. I gave up on it. Looking for better options.
  22 Mar 2022
Be warned of their "standard account review process". Everything fine as long as it runs well; but once you get in touch with their "standard account review process"; be warned: they can just 'block' your withdrawal/transfer options without any prior notification. From that moment on, they "hostage" your money as long as you don't meet their needs. Even if you upload the requested documents neatly, there is a good chance that they will not understand the document and ask you for additional information. That's how it went with me. I'm still "waiting" for a week now.
Same issues with me. Their standard review for me as an account holder with them (now seychelles previously Austarlian ) is downright disgusting.

Truly frustrated   25 Apr 2022
Tell me about it. I am also in the same boat. It seems like they are trying to just hold our money for no reason. I would advise everyone to look at other brokers. I am myself in the same boat. Too many slipppages, SL not being hit as I put causing me immense losses. They blame it on market conditions but they froze the platform even and did not let anyone close trades too. It just froze. Checked so many brokers and Tradingview no one was frozen their platform was simply frozen. Ever since its in Seychelles something is happening.
Truly frustrated   25 Apr 2022
Did you finally get your money?
KC   7 May 2022
Hi, I am in the same boat. Did you get your money out?
Masum   18 May 2022
I am facing the same issue, they are not approving my documents and not even returning my deposited amount.
Salman   31 Aug 2022
  16 Mar 2022
If you think of registering then do not. If you already have ICMarkets account registered, request for it to be closed because they are very manipulative and they "steal" clients funds through slippage. Be careful.
  16 Mar 2022
Long story short, leave ICMarkets while you still can. The customer support of this broker is manipulative into proving you are wrong even when they are the ones wrong.
  24 Feb 2022
Money in my account stuck, cannot draw out, they are making excuses that this a problem with my bank. IC Markets have now gone offshore and the money is held offshore now in Seychelles, and Belize. If you are trading alone or worse if somebody is trading for you I advise you to try to pull your money out before it's too late. I almost guarantee you they will not have their own money in IC Markets as its too risky and not FCA approved, instead they get a kick back for bringing customers to their door...do your own research like we have, this company is the bottom of the pile of FX brokers. Try getting your money out and see what happens, stay clear of this one as its only a matter of time before the money is swallowed up. I can't even get a call back now.
All IC Markets Reviews

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