IC Markets Reviews: Is It Legit? Is It a Scam?

IC Markets is built for traders who care about tight pricing, fast order execution, and flexible platform access. 

You can choose between commission-free Standard pricing and Raw Spread accounts with spreads that start at 0.0 pips, while MT4, MT5, cTrader, and TradingView give you several ways to trade. 

The broker also supports scalping, automated strategies, micro lots, and more than 2,250 instruments, which makes it suitable for both active traders and experienced users with larger volumes. 

IC Markets Review: What Is It?

IC Markets is a multi-asset online broker that gives you access to forex, indices, commodities, shares, bonds, futures, ETFs, and cryptocurrencies through CFD trading. 

It is best known for raw pricing, low spreads, and platform choice, which makes it popular with scalpers, algorithmic traders, and experienced users who trade larger volumes.

You can trade through MetaTrader 4, MetaTrader 5, cTrader, and TradingView, with support for Expert Advisors, one-click orders, micro lots, and automated strategies. 

IC Markets also provides several account options, including commission-free Standard pricing and Raw Spread accounts with spreads that start at 0.0 pips.

Account Types and Trading Costs

IC Markets gives you four main pricing options, so you can match account costs to your trade size, strategy, and available capital.

Standard Account

Standard pricing works well if you are new to trading or prefer a simple cost structure. You pay $0 commission, while spreads start at 0.8 pips. 

Access is available through MT4 and MT5, with support for micro lots, Expert Advisors, and one-click orders.

Raw Spread Account

Raw Spread pricing suits scalpers, algorithmic traders, and active users who want lower market spreads. Spreads start at 0.0 pips, while commission costs $3.50 per lot per side, equal to $7 per round turn. Average EUR/USD pricing is listed at around 0.1 pip, before commission.

Raw Pro Account

Raw Pro reduces commission to $1.50 per lot per side, or $3 per round turn. A minimum deposit of about $5,000 applies, so this option makes more sense if you trade regularly and need professional-level pricing.

Raw Pro+ Account

Raw Pro+ offers IC Markets’ lowest listed MetaTrader commission at $1 per lot per side, equal to $2 per round turn. Entry requires a $100,000 minimum deposit, which makes it suitable for institutional clients and very high-volume traders.

Account	Spread	Commission per side	Minimum deposit	Best suited for
Standard	0.8 pips	$0	Low entry requirement	Beginners
Raw Spread	0.0 pips	$3.50	$0 listed	Scalpers and EAs
Raw Pro	0.0 pips	$1.50	$5,000	Active professionals
Raw Pro+	0.0 pips	$1	$100,000	Institutions and high-volume traders

Trading Platforms and Tools

IC Markets supports four major platforms, so you can choose a setup that matches your strategy, preferred chart layout, and order execution style.

MetaTrader 4

MetaTrader 4 remains a strong choice if you trade forex or rely on automated systems. You can access a large marketplace of custom indicators, scripts, and Expert Advisors, with full support for algorithmic strategies. 

One-click trading helps you open or close positions faster, while multiple order types give you more control over entries, stop losses, and profit targets.

MetaTrader 5

MetaTrader 5 offers a broader toolset than MT4, with 21 timeframes, extra pending order types, and a more advanced strategy tester. Multi-threaded backtesting lets you test Expert Advisors across several instruments more efficiently. 

An integrated economic calendar and deeper market data also support traders who combine technical and fundamental analysis.

cTrader

cTrader suits short-term traders who want clearer market depth and detailed execution controls. Level II pricing shows available liquidity at different price levels, while advanced order protection supports stop loss, take profit, and trailing stop settings. 

Fast order entry and detachable charts also make cTrader practical for scalping and multi-screen setups.

TradingView Integration

TradingView integration lets you place orders directly through TradingView charts after you connect your IC Markets account. 

You gain access to a large indicator library, custom Pine Script tools, price alerts, and flexible chart layouts. Technical analysts can review several markets without switching between separate charting and execution platforms.

Who Should Use IC Markets?

IC Markets fits several trader profiles because its account structure covers simple commission-free pricing and lower-cost options for larger trading volumes.

• Beginners can start with a Standard account, pay $0 trading commission, and access MT4 or MT5 without calculating separate commission costs on every position.
• Scalpers can use Raw Spread pricing, where spreads start at 0.0 pips and average EUR/USD spreads sit near 0.1 pip before commission.
• EA traders receive full support for Expert Advisors on MT4 and MT5, plus VPS access for strategies that need to run continuously.
• High-frequency traders can benefit from low-latency infrastructure, raw pricing, and commission rates that fall as account size and trading volume increase.
• TradingView users can analyse markets and place orders directly through TradingView charts after they connect an eligible account.
• High-volume traders can choose Raw Pro or Raw Pro+, with commission rates of $1.50 or $1 per lot per side and higher deposit requirements.

IC Markets Pros and Cons

IC Markets offers a strong mix of low costs, flexible platforms, and account options, although a few limits still deserve your attention.

✅ Pros

• Spreads start at 0.0 pips on Raw Spread, Raw Pro, and Raw Pro+ accounts, which can reduce your entry cost during liquid market hours.
• Competitive commissions start at $3.50 per lot per side on Raw Spread accounts, then fall to $1.50 on Raw Pro and $1 on Raw Pro+.
• MT4, MT5, cTrader, and TradingView give you several choices for manual analysis, automated strategies, and direct chart trading.
• More than 2,250 instruments cover forex, shares, indices, commodities, cryptocurrencies, bonds, futures, and ETFs.
• Equinix NY4 server infrastructure supports fast execution and low-latency order routing, which can matter when you scalp or trade during volatile sessions.
• Expert Advisors, scalping, and hedging are supported, so you can use automated systems or manage several positions at once.
• Low entry requirements apply to Standard and Raw Spread accounts, while higher-tier accounts target larger balances.

❌ Cons

• Educational resources are less extensive than the training libraries offered by some beginner-focused brokers.
• Raw Pro+ requires $100,000, which places its lowest commission tier beyond the reach of most retail traders.
• Products, leverage, and protections vary by entity, so your available conditions depend on your country and regulatory jurisdiction.

Frequently Asked Questions

Final Verdict: Is IC Markets Worth It?

IC Markets offers a strong combination of low trading costs, broad platform support, and flexible account pricing. 

You can choose MT4, MT5, cTrader, or TradingView, while Raw accounts provide spreads that start at 0.0 pips. Deep liquidity and fast execution make the broker especially suitable for scalpers, EA users, and active traders. 

Standard pricing also gives beginners a simpler commission-free option. Raw Pro and Raw Pro+ accounts add lower commissions for larger clients.