IC Markets Review and Information 2023

	IC Markets
Voting Rating	IC Markets does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
Regulation	International Capital Markets Pty Ltd. ACN 123 289 109. AFSL No. 335692
Trading software	MetaTrader4/5, cTrader, webIRESS, ProDeal
Headquartered	International Capital Markets Pty Ltd Level 2 / 2 Bligh Street Sydney NSW 2000 Australia

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 online. Traders are now able to gain access to pricing previously only available to investment banks and high net worth individuals.

IC Markets 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 the best prices providers available in the market.

IC Markets was incorporated in Sydney, Australia in 2007 by a team of professionals in the financial services industry who were instrumental in the success of one of Australia’s largest CFD and Forex providers.

IC Markets Trading Information 2023

WWW	http://www.icmarkets.com/
Address	International Capital Markets Pty Ltd Level 2 / 2 Bligh Street Sydney NSW 2000 Australia
Headquarters	Sydney
Free phone	1300 600 644
24 hour support
Trust management
Expert advisors
Free education
Sponsorship contests, competitions
Mobile trading
Automated trading
Demo account
24/5 trading
PAMM
Digits after the dot in quotes	4
Minimum position size	0.01
Spread Type	fixed
Pip spread on majors	1-3
Maximum Leverage	500:1
STP, $
ECN, $	500
Standard account, $	200
Mini account, $	200
Popular payment methods	Credit Cards, WebMoney, Wire Transfer
Account currencies	USD, EUR
Available assets
Languages	English
Platforms	MetaTrader4/5, cTrader, webIRESS, ProDeal
Broker type
Regulation	ASIC, ACN
Foundation	2007

IC Markets Reviews and Comments

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.
Paul 26 Feb 2023 Reply

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.
Abraham Asanji 8 Feb 2023 Reply

IC Markets have to be the lousiest fx company of all of them and charge the highest fees, they rob you blind.
James 2 Jan 2023 Reply

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.
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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.
Jane Cromwel 12 Aug 2022 Reply

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.
Deon Briel 20 Jul 2022 Reply

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

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.
Chris 3 Jun 2022 Reply

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

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.

Francisca Ojukwu 11 May 2022 Reply

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.

Truly frustrated 25 Apr 2022 Reply

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.
John 18 Apr 2022 Reply

So which broker is good? Because there are lot of negative reviews on many brokers.
Josiah 10 Jul 2022

I have been struggling to withdraw my money since 20feb, and support said they can't locate my funds.
Shawn Janse van Rensburg 25 Mar 2022 Reply

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.
Gilbert Reagan 24 Mar 2022 Reply

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.
Tim Van den Eynde 22 Mar 2022 Reply

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

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.
guest 16 Mar 2022 Reply

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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.
guest 16 Mar 2022 Reply

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