IC Markets
ECNIC Markets is the world's largest True ECN forex broker, offering ultra-low spreads and fast execution ideal for scalpers and algorithmic traders.
Trading Forex and CFDs involves a significant risk of loss.
Our Rating Breakdown
Scores based on independent research and live account testing.
IC Markets Full Review
IC Markets has established itself as one of the premier ECN brokers globally, particularly favored by professional and algorithmic traders. Founded in 2007 in Sydney, Australia, the broker is regulated by ASIC, CySEC, and FSA — three of the most respected regulatory bodies in the world.
Trading Conditions
IC Markets offers two account types: Raw Spread and Standard. The Raw Spread account delivers spreads starting from 0.0 pips on EUR/USD with a commission of $3.50 per side ($7 round turn), making it extremely competitive for high-volume traders. The Standard account has no commission but wider spreads averaging 0.8 pips.
Execution Speed
One of IC Markets' standout features is its execution speed, averaging just 40 milliseconds. The broker operates servers co-located in the NY4 and LD5 Equinix data centers, ensuring minimal latency for traders worldwide.
Platforms
IC Markets supports MetaTrader 4, MetaTrader 5, and cTrader — three of the industry's most popular platforms. All platforms are available on desktop, web, and mobile.
Who Should Trade with IC Markets?
IC Markets is best suited for experienced traders, scalpers, and algorithmic traders who need tight spreads and fast execution. Beginners may find the platform overwhelming due to limited educational content.
Verdict
IC Markets is our top pick for ECN trading. Its combination of ultra-low spreads, fast execution, and strong regulation makes it a premier choice for serious forex traders.
Pros
- Ultra-low spreads from 0.0 pips on ECN account
- Fast execution speeds (average 40ms)
- Regulated by ASIC (Australia)
- Supports Expert Advisors and algorithmic trading
- No restrictions on trading strategies
Cons
- No proprietary trading platform
- Limited educational resources
- Customer support can be slow during peak hours
Broker Details
- Headquarters
- Sydney, Australia
- Founded
- 2007
- Type
- ECN
- Min Deposit
- $200
- Max Leverage
- 1:500
Regulation
Platforms
- MetaTrader 4
- MetaTrader 5
- cTrader