IC Markets Review 2026
Full IC Markets review for Australia traders — regulation, spreads, fees and our honest verdict.
Regulation in Australia
| Regulator | ASIC ASIC — Australian Securities and Investments Commission (ASIC) |
| Licence Number | 335692 |
| Regulated Entity | International Capital Markets Pty Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $200 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 2,250+ |
| Platforms | MT4, MT5, cTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by ASIC (licence 335692). Minimum deposit $200. In Australia: maximum forex leverage 1:30.
About IC Markets
IC Markets was founded in 2007 and is headquartered in Sydney, Australia. The broker offers 2,250 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by International Capital Markets Pty Ltd under ASIC.
In Australia, IC Markets operates as International Capital Markets Pty Ltd, authorised by ASIC under licence number 335692. Australia traders are subject to a maximum leverage of 1:30 on forex pairs under ASIC rules.
Trading Platforms
Pros
- ASIC regulated — licence 335692
- 2,250+ instruments to trade
- Negative balance protection in Australia
- Platforms: MT4, MT5, cTrader
Cons
- No inactivity fee
- 70.64% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Key Facts About IC Markets
- Processes over $20 billion in daily volume, one of world's largest forex ECN brokers
- True ECN pricing with interbank liquidity from 25+ sources including banks and dark pools
- Average EUR/USD spread of 0.0 pips on Raw account (commission: $3.50/lot/side)
Known Limitations
- FSA (Seychelles) entity used for clients outside AU/EU/SG
- Limited educational content vs competitors
- Swap rates can be high on popular instruments held overnight
Frequently Asked Questions
Is IC Markets regulated?
IC Markets holds ASIC licence 335692, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official ASIC public register.
What is the minimum deposit for IC Markets in Australia?
The minimum deposit is $200. This is the amount required to open a live trading account for traders in Australia under ASIC regulation.
What leverage does IC Markets offer in Australia?
In Australia, IC Markets offers maximum forex leverage of 1:30 under ASIC rules. Higher leverage may be available through offshore-regulated entities.
Is IC Markets safe to trade with?
IC Markets is regulated by ASIC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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