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IC Markets

True ECN pricing with huge liquidity

4.7
Written by
Marcus Hale
Senior Markets Analyst & Editor
Last updated 22 May 2026Independently fact-checked

Overview

IC Markets launched in Sydney in 2007 with a simple mission: give traders true ECN access at institutional pricing. Today it processes billions in daily volume across more than 2,000 instruments. The Raw Spread account delivers spreads from 0.0 pips and is built for traders who demand depth of market, fast fills and reliable conditions during volatile news events. A generous 1:500 leverage ceiling is available to eligible professional clients, while retail traders are protected at 1:30 under ASIC rules.

Pros

  • Extremely deep liquidity and consistent raw spreads
  • Trade over 2,250 instruments across global markets
  • No restrictions on scalping or hedging strategies
  • Free VPS available for qualifying algo traders

Cons

  • AUD $200 minimum deposit
  • Platform interface can feel dense for new traders

Trading platforms

MetaTrader 4MetaTrader 5cTrader
Fees: Raw Spread account charges roughly AUD $7 round-turn per standard lot.

How we reviewed IC Markets

This review was compiled by Marcus Hale, senior markets analyst & editor with 15+ years of experience, and its regulatory details were independently fact-checked against ASIC’s public registers. We rate brokers on regulation and safety, the true cost of trading, platform and execution quality, instrument range and customer support. Read our full review methodology to see exactly how scores are reached.