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In the ICMarteks review you will find a description of the trading platform, history, facts. Basic functionality, regulation

ICMarkets review

7,8 / 10

ICMarkets (hereinafter ICM) is a broker providing direct access to the ECN market with liquidity from more than 50 companies and banking institutions.

All trading involves risk. Only risk capital you’re prepared to lose.
ICMarkets review
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A small introduction about the history of the broker

ICMarkets (hereinafter ICM) is a broker providing direct access to the ECN market with liquidity from more than 50 companies and banking institutions. The clients of the company are traders, working on large turnovers, scalpers and lovers of trading with advisors.

Let's find out how profitable conditions the broker offers. The material is intended to help traders to decide whether to choose ICM as a broker or continue their search.

In 2007, a group of professional financiers in Sydney, Australia, decided to reduce the difference in trading conditions for private and commercial clients by creating a new broker that offers everyone access to high liquidity, tight spreads and fast execution.

ICMarkets reviews
ICMarkets reviews

The registered address is Level 6309 KentStreet, Sydney, NSW2000. The official website www.icmarkets.com is available for users in 17 languages:

  • English
  • Russian
  • Arab
  • Chinese
  • Italian
  • taiwanese
  • Thai
  • Vietnamese
  • Portuguese
  • Spanish
  • German
  • French
  • South Korean
  • Indonesian
  • malaysian
  • Bulgarian
  • Croatian

Which countries are supported by IC Markets?

IC Markets tends to be selective in terms of trader nationality. For this reason, some people are eligible to be a part of IC Markets traders and others are not. Familiarize yourself with some of the countries this broker accepts and some of the countries it does not.

Listed below are some of the countries that IC Markets supports. Listed below are some of the countries that are not supported by IC Markets.
United Kingdom USA
United Arab Emirates Canada
Italy Iran
Denmark Iraq
Australia Zimbabwe
Thailand Niger
Republic of South Africa Togo
Norway Liberia
Kenya Ghana
Germany Cuba
Sweden Cote d'Ivoire
Qatar and many others

Licenses and regulation

The broker operates under Australian Financial Services Licence (AFSL). The registration number is 123289109. The broker is regulated by the Australian Securities and Investments Commission (ASIC). The license number is 335692.

Client accounts are segregated from the company's operating accounts at Australia's leading banks Westpac, National Australa Bank (NAB). Funds from these accounts are managed exclusively by clients for trading purposes.

Client accounts are insured by Lloys`of London.

Client Cabinet Registration

Login to the trader's personal cabinet on any page of the site from the common toolbar at the top.

Deposit and withdrawal of funds from the account as well as download of necessary trading platforms are available in the cabinet. You can open an account and register an account by filling in a single application by entering your name and surname, e-mail, phone number and country of actual presence.

You can enter the cabinet right after confirming the registration via e-mail.

If you originally opened a demo account, you can open a real account directly in your personal cabinet, in the tab "Open a real account".

Trading conditions

ICM broker has a wide range of services and offers:

  • More than 90 instruments for trading Forex, precious metals, CFD on indices, futures and commodities;
  • STP/ECN-trading on MT4 and cTrader platform;
  • VPS-server and FIXAPI;
  • account may be opened in 10 currencies;
  • accounts segregated by leading Australian banks;
  • spreads from 0 pp;
  • leverage 1:500;
  • minimum deposit starting from $200;
  • 24/7 support service;
  • scalping and expert advisors are allowed.

Demo account

ICM demo account provides excellent opportunity to practice Forex trading without risking your own funds. To open a demo account, you must complete a registration form. All data must be entered in Latin alphabet letters.

It is noteworthy, if you have a demo account with this broker, you can open a second one by entering a new e-mail address in the application.

ICMarkets Demo account
ICMarkets Demo account

Account types and their differences

Below is a table where you will find account types and their terms for comparison.

Account type Spreads from Commission Trading Platform
Raw Spread (cTrader) 0.0 $3.0 (per USD 100k) cTrader
Raw Spread 0.0 $3.5 (per lot per side) Meta Trader
Standard 0.6 $0 (per lot per side) Meta Trader
Islamic 0.0 pips $0 (per lot per side) Meta Trader 4 & 5

There are three types of trading accounts for traders with different level of training:

  • Standart
  • True ECN
  • cTrader

The standard type is designed for beginners and for traders who prefer discretionary or intuitive trading, so the account has no commissions. Spreads from 1p. Minimum initial deposit is $200. Leverage 1:500. It is possible to trade currency pairs and CFD.

For more experienced traders who prefer to use scalping and expert advisors in trading, the TrueECN account with 200 initial deposit will be the best option, but with 3.5 dollar commission. Both accounts run on the MetaTrader 4 trading platform, with one-click trading service and access to a VPS server. You can trade both currency pairs and indices.

The cTrader account was developed especially for trading on the cTrader platform, suitable for scalpers and day traders. Spreads start from -0.3 pips. The commission is $3. In contrast to previous types of accounts, cTrader does not provide a VPS server. The minimum deposit amount is $200.

All trading accounts are located on EqunixNY4 server in New York and allow micro-lot trading and trading without distance between orders.

The fee to use a virtual private server starts at $30, but when trading with at least 100 full lots per month, the broker sponsors a VPS service from any of the providers listed on the website. It takes no more than 20 minutes to activate the VPS.

MAM/PAMM accounts

The broker offers a special program MultiAccountManager, designed to simplify the activity of an investment manager.

The program works on the main technologies of the invested funds distribution:

  • MAM
  • PAMM
  • LAMM

Depositor funds can be distributed by several methods:

  • Lot-by-lot distribution
  • Distribution in percentages
  • Distribution proportionate to the deposit
  • Distribution proportionally to equity
  • Proportional distribution of equity
  • Dividing based on the equity risk
  • Dividing on the basis of the lot multiplier
  • Lot multiplier with fixed volume
  • Revenue/loss percentage split

You can set up the MAM/RAMM manager in real-time, there are no limits on the number of trading accounts and the amounts to be deposited. You can trade both standard and mini and micro lots.

The investor can trade independently with advisors on his sub-account and also has access to an on-screen report. The investor receives monthly, quarterly and annual reports through MetaTraderManager.

A MAM/RAMM manager must manage funds for at least 5 clients with more than $20,000 invested.

In order to access the MAM/RAMM service, you need to fill in the application.


ICM service of transactions copying is called AutoTrade and is provided by Myfxbook operator. To use it, you do not need to download special software or pay a fee depending on the volume, you just need to connect to Myfxbook and select the appropriate system for copying. Only owners of real trading accounts can be signal providers.

The trader has full control of his account when copying trades.

Complex autotrading solution for institutional clients is called FIXAPI and is characterized by a number of specific services for large market participants.

Trading platforms

The broker offers the clients who opened the account Standard and TrueECN to work on the most popular and functional MetaTrader 4 platform with a wide range of instruments and convenient interface. The desktop version of the terminal, as well as the software for iPhone, Android and AppleMac can be downloaded from the company's website.

The cTrader terminal is the broker's own development, designed specifically for Forex trading based on the ECN environment.

In addition to the desktop, cAlgo and mobile versions of the platform, traders can use cTraderWeb, which requires no software installation on the computer and allows you to trade directly through the browser.

Soon, ICM clients will be able to trade on the MetaTrader 5 platform.

Trading Instruments

ICM trading arsenal consists of the following instruments:

  • Forex
  • Commodities
  • Indices
  • Bonds
  • Cryptocurrency
  • Stocks
  • Futures
ICMarkets instruments
ICMarkets instruments

Technical support

Support is available by phone in Australia and Shanghai (free calls within Australia), also you can send an email or "knock" on the chat. The website also has an interactive list of frequently asked questions with answers, but it is provided in English. When contacting the support services, keep in mind that they work in Australian Eastern Daylight Saving Time and Beijing time.

The analytics block

Unfortunately, analytics necessary for a trader is scattered in different sections of the site and not gathered in one block:

  • Weekly reviews and forecasts of financial markets are in the "Trading" section;
  • News and economic calendar can be found in the "Training" section;
  • Trading schedule and up-to-date exchange rates the broker did not consider it necessary to provide the clients at all.


The training system at ICM is designed exclusively for beginners, all materials in it are very simple and acquaint with the basics of online trading:

  • 10 interactive video-lessons introducing the specifics of working on Forex
  • Articles about the technical and fundamental analysis will familiarize you with types of charts and techniques of work with analytical tools
  • Several video materials about trading terminals

Funds depositing/withdrawing

You can deposit funds in 10 different currencies, but this extensive list is not available for all deposit methods.

To speed up the process of depositing money, the broker advises to make both depositing and withdrawal through the trader's personal cabinet. Almost every payment system charges a certain commission for depositing.

Withdrawal of funds is carried out by means of international telegraphic and bank transfers. The telegraphic transfer fee is 20 Australian dollars, and the funds are credited to the account in 3-5 business days.

If the client funded his account with a credit card, then the next 2 months all requests for withdrawal will be processed as a credit card refund. If the client deposited the account via Moneybookers or Webmoney, then the funds can be withdrawn by bank transfer only.

Reviews about the broker

There are very few reviews of ICMarkets on the Internet. In general, traders speak well of it, praising the investment solutions and the ability to trade with advisors. Negative reviews also slip in, but for the most part they are uninformative and do not provide evidence.

To sum it up

ICMarkets provides segregated accounts, offers clients not only to trade but also to invest funds, allows scalping and the use of advisors - these are positive qualities.

On the downside: although it is possible to fund your account in 10 currencies, but almost every deposit method involves commissions and the withdrawal of funds is made only by bank transfer. Also ICM has a weak training ground and unstructured analytical unit. Despite the fact that the broker is also open for Russian-speaking clients, there is no corresponding technical support.

Easy to use
9 / 10
9 / 10
Minimizing Fees
8 / 10
Customer support
7 / 10
7 / 10
Build-in Analytics
7 / 10
Regulated and safe Forex Broker
Real ECN Trading
Best trading conditions for traders (0.0 pip spread and commission)
Metatrader 4 and 5
Very fast support
No hidden fees
The best broker to trade large volumes via large liquidity providers
Free demo account
Minimum deposit 200$
Licensing division of IC Markets Global, working with most countries of the world (except Australia and the EU), is registered in an offshore in the Seychelles.
Broker: ICMarkets
Founded in: 2003
Minimum deposit: 200$
Demo account: Free
Commissions & fees: at $30
Regulation: ASIC
Types of Trading:
True ECN
Visit official website
Broker’s statistic
Broker: ICMarkets
Founded in: 2003
Minimum deposit: 200$
Demo account: Free
Commissions & fees: at $30
Regulation: ASIC
Types of Trading:
True ECN