IC Markets Overview
IC Markets is widely regarded as one of the best ECN brokers globally, offering true raw spread pricing from 0.0 pips with a transparent commission structure. Founded in 2007 and headquartered in Sydney, the broker has built a strong reputation among scalpers and algorithmic traders for its ultra-fast execution speeds and deep liquidity pool sourced from over 25 top-tier banks and liquidity providers.
Trading Conditions
Accounts on the Raw Spread tier start from 0.0 pips on major pairs like EUR/USD, with a flat commission of $3.50 per lot per side. The Standard account offers commission-free trading with slightly wider spreads from 0.6 pips, suited to traders who prefer a simpler fee structure.
Pros & Cons
✓ Pros
- Raw ECN spreads from 0.0 pips
- Extremely fast order execution (<40ms)
- Deep liquidity from top-tier banks
- ASIC and CySEC regulated
- Supports scalping and hedging with no restriction
✗ Cons
- Customer support could be faster during peak hours
- No proprietary trading platform
- Inactivity fee applies after 6 months
Our Verdict
IC Markets scores 94/100 overall in our independent rating system, based on regulation strength, trading costs, platform reliability, and verified trader feedback.