IC Markets Review: Licences, Withdrawals, Islamic Terms
Verified facts
| Founded | 2007 |
| Minimum deposit | $0 |
| EUR/USD spread from | 0.0 pips (Raw Spread account, commission $3.50/lot per side; broker states average EURUSD spread 0.1 pips). Standard account from 0.8 pips, no commission. |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Withdrawal methods | Credit/Debit Cards (Visa, Mastercard), Bank Wire Transfer, PayPal, Skrill, Neteller, WebMoney, FasaPay, POLi, BPAY, RapidPay, Klarna, Thai Internet Banking, Vietnamese Internet Banking |
| Crypto deposits/withdrawals | Yes |
Open account
Withdrawal speed: claim vs. measured
| Broker-published claim | Measured by us |
|---|
| Withdrawal requests cut off time is 12:00 AEST/AEDT. If your withdrawal is submitted before this time it will be processed on the day of receipt; if submitted after, it is processed the following business day. Card withdrawals may take 3-5 business days to arrive (up to 10 in rare cases); international bank wires may take up to 14 days and can incur intermediary/beneficiary fees. IC does not charge additional fees for deposits and/or withdrawals. [Source] | Testing in progress |
Islamic account: published terms vs. audit
| Availability | Broker-published claim | Measured by us |
|---|
| Yes | Swap-free account available on Raw Spread and Standard accounts (MT4/MT5/cTrader). No swap/interest; instead a flat overnight holding fee per lot in USD by instrument (e.g. EURUSD $11/lot, GBPUSD $9/lot, BTCUSD $41.85/lot). Grace period of up to 5 days on most instruments before holding fees apply; exceptions: XNGUSD/XTIUSD/XBRUSD charged from Day 1 (no grace), USDJPY/GBPJPY charged from Day 3 (2-day grace). Triple-swap rollover nights consume 3 grace days (Wed for forex/metals/bonds/commodities, Fri for energies/indices). Broker reserves the right to request additional documentation before granting swap-free status. [Source] | Testing in progress |
Maximum leverage by entity
| Regulation | Leverage | Source |
|---|
FSA Seychelles
Raw Trading Ltd (IC Markets Global) | Up to 1:5000 on FX majors, tiered by exposure (1:5000 to 25 lots, then 1:3000 / 1:1000 / 1:500); gold 1:2000; indices 1:200; crypto 1:500; stocks 1:20. Reduced during higher-margin periods. | Source |
CySEC
IC Markets (EU) Ltd | 1:30 | Source |
Published spreads
| Broker | Platforms | Claim | Source |
|---|
| EURUSD | Raw Spread | 0.01 average (0.0 minimum) (average) | Source |
| GBPUSD | Raw Spread | 0.04 average (0.0 minimum) (average) | Source |
| USDJPY | Raw Spread | 0.03 average (0.0 minimum) (average) | Source |
| XAUUSD | Raw Spread | 0.09 average (0.05 minimum) (average) | Source |
Gulf funding and account currency
| mada | Not published |
| KNET | Not published |
| UAE local bank | Not published |
| AED account | No |
Fifteen funding options published (cards, PayPal, Neteller, Skrill, UnionPay, wire, crypto and several country-specific rails) but none for the Gulf. Base currencies: AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF — no AED or SAR.
Scalping, Expert Advisors and hedging
| For Scalping | Yes |
| Expert Advisors | Yes |
| Hedging | Not published |
Regulation and license numbers
| Regulation | License no. | Official register |
|---|
| Financial Services Authority (FSA) Seychelles (Seychelles) | SD018 (Raw Trading Ltd, trading as IC / IC Markets Global; Seychelles company reg. 8419879-1) | Source |
| Cyprus Securities and Exchange Commission (CySEC) (Cyprus / EU) | 362/18 (IC Markets (EU) Ltd) | Source |
| Australian Securities and Investments Commission (ASIC) (Australia) | AFSL 335692 (International Capital Markets Pty Ltd, registration 123 289 109) | Source |
