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IC Markets Review
International Capital Markets pty Limited, better known as IC Markets, is a well-known and leading Raw Spread Forex broker company from Australia. IC markets has been known because of offering 0.0 pips, which is the lowest in the forex market. The 0.0 pips do not contain any trading limits, Hedging, EA Robot Trading, News Trading and Scalping. Moreover, other high volume and high frequency in trading is acceptable for professional and retail traders. Furthermore, IC Markets is growing a fast pace, which enables the team to develop other trading models that helped in the success of the company.
Raw Spread Forex & CFD Broker
International Capital Markets pty Limited a.k.a IC Markets is a fastest growing Raw Spread Forex CFD broker from Australia. The broker gained popularity due to their lowest 0.0 pips spread on major pairs in the forex market and they don't have any trading restrictions, Scalping, Hedging, EA Robot Trading, News Trading, every kind of high frequency and high volume trading is allowed for retail and institutional traders. IC Markets runs a Raw Spread trading model also called Direct Market Access (DMA) or A-Book Broker which allow traders to trade lowest spread at institutional price set by liquidity providers. IC Markets Headquarters is located in the heart of Sydney’s financial district at the commercial area of 2 Bligh Street NSW Australia. The Forex brokerage firm IC Markets also has two other branch offices in the Asian region in Sydney and Cyprus. IC Markets has a huge client base all over the world, Majority of their clients comes from home land Australia followed by other countries like Canada, Singapore, UK, Japan, Europe and Asian countries. In 2014, According to Forex Magnets website IC Markets was listed in world's top 20 Forex brokers with a monthly turnover of $55 billion USD. Leaprate publication revealed that Australia Retail FX broker IC Markets reports record volumes of $313 billion for July 2017. IC Markets is a team of 100+ talented people they provide access to trade 80+ currency pairs, Futures CFDs and Metals on MT4, MT5, Ctrader on PC and mobile devices.
IC Markets Review Details
|Broker Name||IC Markets|
|License||SD018, AFSL No 335692|
|International offices||Australia , Cyprus|
|Accept US clients||No|
|Accept EU clients||Yes|
|Account Types||Standard MT4, Raw Spread MT4, Raw Spread Ctrader|
|Trading Instruments||Forex, Indicies, Crypto, Bonds, Stocks|
|Revenue Model||Flexible Spread, Commission|
|Account Options||MAM, Copy Trading, Social Trading|
|Account currency||USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, HKD, AUD|
|Payment Method||Wire Transfer, Credit Card, Skrill, Paypal, Neteller|
|Minimum deposit ($)||$200|
|Commission ($)||$7 ($3.5 per side) standard lot|
|Commission ($) After Discount||$5.5 ($2.75 per side) standard lot|
|Trading Software||MetaTrader 4, cTrader, Advanced Trading|
|Platforms Supported||Windows, Mac, Android, iphone, Web|
|Phone||+61 (0)2 8014 4280|
|Support Languages||English, Spanish, French, Japanese, Chinese|
|Office Address||IC Markets HIS Buildings, Providence Mahe, Seychelles|
Andrew Budzinski - The Man Behind IC Markets
In every success of a company, someone works hard to achieve the goals. Andrew Budzinski is the mind behind IC Markets. He is the chief executive officer and the founder of the leading company in Australia and around the world. With his 15 years of experience in over the counter derivatives and exchange trade, he was able to manage the company and brought it to the top. Everything that he has acquired from the companies he has worked with was beneficial and it helped him manage the IC Markets Forex Brokers responsibly and rightfully.
Andrew Budzinski the C.E.O / founder of IC Markets Forex Brokers is a successful business manager and entrepreneur with over a decade experience in both exchange traded and over the counter derivatives. He has been involved in the CFD Futures and Foreign Exchange industry since it’s inception in Australia in 2002. In early days of his career he worked for different financial companies where he developed management skills and revealed his leadership qualities. In the past, Andrew has been work as the head of compliance for previously popular CFD broker CMC Markets which was the only competitor of IG Broker at that time. Andrew Budzinski then co-founded a CFD DMA brokerage company named First Prudential Markets also known as fpmarkets to dismiss the monopoly of CMC and IG brokers by adopting a Direct Market Access (DMA) Model and providing better trading conditions at lower fee. After some time Andrew took a step down from his position he left fpmarkets and in 2007 he founded his own brokerage company we known as IC Markets. His goal was to provide a Raw Spread Trading platform to both retail and institutional traders without any trading restrictions by charging very low trading commission fee. Andrew is a very clear about his views, He focus on quality clients those who can build long term relationship with their company. Andrew Budzinski is very much interested to expand his business in Asia because there is a lack of Raw Spread forex CFD brokers in Asian region.
Andrew Budzinski - CEO, IC Markets Interview
Great Advantages of IC Markets
IC Markets is one of the leading forex brokers in Australia with professional team that will provide great financial services. Our main goal is to provide good bridge between institutional and retail clients and offer best trading solution that is available from high net worth individuals or investment banks. We are born to provide superior execution of technology, unrivalled liquidity and low spreads.
With our excellent forex services, we become more expedient. Here are some of the advantages you may find out as you try to consider our business and learn why we are the fastest growing business in the global market.
- Offer 24/7 service -IC Markets is open 24/7 wherein most of the financial centers all over the world are also open so there are no laps of liquidity that may happen.
- Superior liquidity - One of the benefits you will receive once you decided to go for our services. We can ensure to you that your assets will be immediately converted into cash with just little impact in the price.
- Great accessibility -The amount you will need to trade with our service is lower compared to other financial markets. Thus, you can get the full access to learn what is happening to your transaction.
- Transparency- For some forex company, they move their stock in order for them to achieve the advantage they want. However, at IC Markets, you will be provided with deep liquidity when it comes to all forex transaction from us.
- Low fees in trading - Another great advantage you will receive from IC Markets is our low cost of fee to all types of transactions we provide wherein you can surely save lots of money.
- Adapt to changes in market. Because of different volumes to the forex market, volatility always exists. Since this kind of industry is a little bit unstable, they can still provide great trading opportunities wherein you have the chance to pick the right currency pairs that is best in your own style. At IC Markets, you will have the assurance that you will get the best trade that has real speed once it starts its transaction.
- Trade with real advantage - In every transaction we make, we ensure to you that we will allow you to have lower initial outlay needed to control the larger position.
In addition, since there is no standard contract size from our services, you can trade at any amount. Thus, you will have the great capability to manage your own risk. Therefore, as you believe to our currency pair, you will have the chance to increase the value that you will stay longer and opt with the great services that we can provide in you.
IC Markets is the leading forex broker in Australia due to above mentioned factors. Due to the high quality of service we provide, most of our customers already put their trust and loyalty to us. If you want to learn more about what we can offer you, better check out our website.
How IC Markets Calculate Commission on trades?
IC Markets has a very clean & transparent commission calculation method which is quite accurate for each individual base account currency. The commission rate for their Raw Spread account types is different for Meta Trader (MT4/MT5) & Ctrader accounts.
Commission Rates for MT4 & MT5 Raw Spread Accounts
IC Markets Raw Spread Commission Rates for Meta Trader 4 & Meta Trader 5 trading platforms are showing below as per the base account currency for Micro Lot Commission & Standard Lot Commission, (lot 0.01 or 1,000) & (lot 1.00 or 100,000) respectively.
Details of IC Markets Raw Spread Commission for Meta Trader 4 & Meta Trader 5 rates are given.
|Currency Code||Base Account Currency||Micro Lot|
0.01– per side
0.01– round turn
|Standard Lot |
1.00 – per side
|Standard Lot |
1.00 – round turn
|NZD||New Zealand Dollar||0.05||0.09||4.50||9.00|
|HKD||Hong Kong Dollar||0.27||0.54||27.13||54.25|
Commission Rates for cTrader Raw Spread Account
As compared to MT4 & MT5 raw spread accounts, IC Markets charge commission on cTrader raw spread accounts very differently. For Ctrader raw spread account the commission is charged per side, per 100,000 USD traded. This is different to MT4/MT5 which charges a fixed amount per lot.
IC Markets explains Ctrader commission on raw spread accounts as,
The commission charged on the cTrader platform is $3 USD per 100,000 USD traded. The USD commission amount is converted to the base currency of an account at the current spot rate. An example of the commission calculation on a cTrader account is below.
|Calculation @ $3 USD per 100,000 USD||Standard lot commission on EUR/USD|
|Opening Price||€100,000 x 1.3000 = USD $130,000 x (3 / 100,000)||$3.90|
|Closing Price||€100,000 x 1.3100 = USD $131,000 x (3 / 100,000)||$3.93|
|Total Commission on Trade||$7.83|
IC Markets currency Spread explained.
IC Markets has one of the thinest spread in the world, their EURUSD spread starts from 0.0 which makes them lowest trading cost ECN broker. Apart from EURUSD, The other major currency pairs such as GBPUSD, USDCAD, USDJPY & AUDUSD also starts from 0.1 on an average. Currency spread has a very complex structure as they always fluctuate depending the liquidity provided by a currency exchange. Spread fluctuations always happends to due buyers & sellers entry and exit in the market what we called supply and demand.
Moreover, following table shows details of IC Markets spread along with minimum spread and average spread.
|SYMBOL||FOREX CURRENCY PAIR||STANDARD (MIN)||STANDARD (AVG)||RAW (MIN)||RAW (AVG)|
|EURUSD||Euro vs United States Dollar||0||0.1||1||1.1|
|GBPUSD||British Pound vs United States Dollar||0||0.4||1||1.4|
|USDJPY||United States Dollar vs Japanese Yen||0||0.2||1||1.2|
|AUDUSD||Australian Dollar vs United States Dollar||0||0.2||1||1.2|
|USDCAD||United States Dollar vs Canadian Dollar||0||0.5||1||1.5|
|USDCHF||United States Dollar vs Swiss Franc||0||0.5||1||1.5|
|AUDCAD||Australian Dollar vs Canadian Dollar||0||0.8||1||1.8|
|AUDCHF||Australian Dollar vs Swiss Franc||0||0.8||1||1.8|
|AUDJPY||Australian Dollar vs Japanese Yen||0||0.4||1||1.4|
|AUDNZD||Australian Dollar vs New Zealand Dollar||0||0.8||1||1.8|
|CADCHF||Canadian Dollar vs Swiss Franc||0||1||1||2|
|EURCAD||Euro vs Canadian Dollar||0||1.1||1||2.1|
|CADJPY||Canadian Dollar vs Japanese Yen||0||0.6||1||1.6|
|CHFJPY||Swiss Franc vs Japanese Yen||0||0.8||1||1.8|
|EURAUD||Euro vs Australian Dollar||0||0.5||1||1.5|
|EURCHF||Euro vs Swiss Franc||0||0.7||1||1.7|
|EURGBP||Euro vs British Pound||0||0.4||1||1.4|
|EURJPY||Euro vs Japanese Yen||0||0.3||1||1.3|
|EURNZD||Euro vs New Zealand Dollar||0||1.3||1||2.3|
|GBPAUD||British Pound vs Australian Dollar||0||1.1||1||2.1|
|GBPCAD||British Pound vs Canadian Dollar||0||1.5||1||2.5|
|GBPCHF||British Pound vs Swiss Franc||0||0.6||1||1.6|
|GBPJPY||British Pound vs Japanese Yen||0||0.8||1||1.8|
|GBPNZD||British Pound vs New Zealand Dollar||0||3.4||1||4.4|
|GBPTRY||British Pound vs Turkish Lira||0||19.8||1||20.8|
|NZDCAD||New Zealand Dollar vs Canadian Dollar||0||1.3||1||2.3|
|NZDCHF||New Zealand Dollar vs Swiss Franc||0||0.9||1||1.9|
|NZDJPY||New Zealand Dollar vs Japanese Yen||0||0.7||1||1.7|
|NZDUSD||New Zealand Dollar vs United States Dollar||0||0.4||1||1.4|
|USDSGD||United States Dollar vs Singapore Dollar||0||0.3||1||1.3|
|AUDSGD||Australian Dollar vs Singapore Dollar||0||1.1||1||2.1|
|CHFSGD||Swiss Franc vs Singapore Dollar||0||2.1||1||3.1|
|EURDKK||Euro vs Danish Kroner||0||0.7||1||1.7|
|EURHKD||Euro vs Hong Kong Dollar||0||3.3||1||4.3|
|EURNOK||Euro vs Norwegian Kroner||0||7||1||8|
|EURPLN||Euro vs Polish Zloty||0||3.6||1||4.6|
|EURSEK||Euro vs Swedish Krona||0||4.7||1||5.7|
|EURSGD||Euro vs Singapore Dollar||0||0.9||1||1.9|
|EURTRY||Euro vs Turkish Lira||0||4.4||1||5.4|
|EURZAR||Euro vs South African Rand||0||42.5||1||52.5|
|GBPDKK||British Pound vs Danish Kroner||0||8.6||1||9.6|
|GBPNOK||British Pound vs Norwegian Kroner||0||31.2||1||32.2|
|GBPSEK||British Pound vs Swedish Krona||0||183||1||184|
|GBPSGD||British Pound vs Singapore Dollar||0||1.6||1||2.6|
|NOKJPY||Norwegian Kroner vs Japanese Yen||0||0.3||1||1.3|
|NOKSEK||Norwegian Kroner vs Swedish Krona||0||1.2||1||2.2|
|SEKJPY||Swedish Krona vs Japanese Yen||0||0.2||1||1.2|
|SGDJPY||Singapore Dollar vs Japanese Yen||0||0.4||1||1.4|
|USDCNH||United States Dollar vs Chinese RMB||0||0.9||1||1.9|
|USDCZK||United States Dollar vs Czech Republic Koruna||0||44.5||1||54.5|
|USDDKK||United States Dollar vs Danish Kroner||0||2.7||1||3.7|
|USDHKD||United States Dollar vs Hong Kong Dollar||0||0.7||1||1.7|
|USDHUF||United States Dollar vs Hungarian Forint||0||4.7||1||5.7|
|USDMXN||United States Dollar vs Mexican Peso||0||28.4||1||29.4|
|USDNOK||United States Dollar vs Norwegian Kroner||0||10.2||1||11.2|
|USDPLN||United States Dollar vs Polish Zloty||0||4.7||1||5.7|
|USDRUB||United States Dollar vs Russian Ruble||0||94.6||1||95.6|
|USDSEK||United States Dollar vs Swedish Krona||0||8.2||1||9.2|
|USDTHB||United States Dollar vs Thai Baht||0||33.7||1||43.7|
|USDTRY||United States Dollar vs Turkish Lira||0||25||1||26|
|USDZAR||United States Dollar vs South African Rand||0||23.9||1||24.9|
Instant funds withdrawals with exceptional trading conditions.
Support is a bit slow
I found them good with their platform and specially the spreads are very thin but the customer support needs to be more active specially on weekends.
I just open account from your website with $100 and got my discount. Seems like good to me so far.
Tight Spread with fast execution
IC Markets offers an exceptional trading platform with low cost, I have got my discount from you. Thanks