Our IC Markets Fees and Spreads Revealed:
Fees and Spreads
The spread list that IC Markets offers starts from 0.0 pips on EUR/USD.
The spreads that traders can expect when they trade using IC Markets will depend on:
- The financial instrument being traded
- The account type that the trader uses
- The market conditions on the specific day of trading
IC Markets offers variable spreads that change according to the factors mentioned above. While these spreads can change, traders can expect some of the following typical spreads and commissions:
- Raw Spread cTrader Account – spreads from 0.0 pips and commissions of $3 charged per $100,000 traded.
- Raw Spread MetaTrader Account – spreads from 0.0 pips and commissions of $3.5 charged per lot and $7 per round.
- Standard MetaTrader Account – spreads from 0.6 pips and commission-free trading because the spreads already include the broker fees for facilitating the trade.
Additional Trading Fees
Overnight fees, also known as swap fees or rollovers, are either credited or debited depending on the financial instrument being held and whether the trader is holding a long or short position. IC Markets has transparent fee schedules on all trading fees that traders can expect.
IC Markets offers Muslim traders who follow the Sharia law the option of converting any of the live trading accounts into that of an Islamic Account, exempting them from earning/paying fees. While this ensures that Muslim traders are offered halal trading conditions, traders must note that there are additional commissions charged on certain financial instruments.
These fees are from between $5 up to $80 and on Fridays, there are triple charges applied to these positions.
IC Markets is not a spread betting broker which means that spread betting fee will not apply.
IC Markets does not charge any deposit fees or withdrawal fees on any of the payment methods that are supported when traders fund their accounts or remove funds. IC Markets does not indicate that any additional broker fees are charged.
However, conditions may vary and change, and traders are urged to verify all trading and non-trading fees before they register an account.
Pros and Cons
|Flexible account types offered||No US clients|
|A choice between powerful trading platforms||No fixed spreads|
|Competitive trading conditions offered|
|Commission-free trading offered|
|Islamic account and demo accounts offered|
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How many instruments can I trade with IC Markets?
You can trade any of the following instruments:
Which platforms are supported by IC Markets?
IC Markets only supports the use of MetaTrader 5 on the following:
- MetaTrader 4
- MetaTrader 5
- Myfxbook AutoTrade
Does IC Markets offer leverage?
Yes, IC Markets offers leverage up to 1:500.
What spreads can I expect with IC Markets?
You can expect spreads from 0.0 pips.
Does IC Markets charge commission?
Yes, IC Markets offers commissions as follows:
- cTrader Raw Spread Account – from $3.00 per USD 100K traded
- MetaTrader Raw Spread Account – from $3.5 per lot, per side
Are there additional charges on the Islamic account?
Yes, there are additional holding commissions charged on certain forex pairs. These commission charges range from between $5 up to $80 per lot, with triple charges when traders hold a position over Friday nights.
Is IC Markets regulated and by whom?
Yes, IC Markets is well-regulated by ASIC, CySEC, FSA, and SCB.
Is IC Markets a recommended forex trading broker for experts and beginners?
Yes, IC Markets is suited to both beginners and experts.
What is the overall rating out of 10 for IC Markets?