IC Markets Review 2026

Is IC Markets legit? The verified evidence, scored.

◆ The short answer

Yes — IC Markets is legit and well-regulated. It is authorised by ASIC, CySEC, FSA (AFSL 335692 · CIF 362/18), holds client funds in segregated accounts, and scores 9.4/10 in our 2026 review. Verified users rate it 4.8/5 across 2,140 reviews.

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Disclosure →
Design preview — figures, licence numbers, reviews and the author are illustrative placeholders, to be filled by the verified data pipeline before publication.

Verified Key Data

The facts, with sources

Regulation
ASIC, CySEC, FSAVerified in official registers
Legal entity / Licence
IC Markets (EU) LtdAFSL 335692 · CIF 362/18
Client fund protection
Segregated accounts · ICF up to €20,000 (EU)
EUR/USD cost
0.0 pips + $3.50/lot (Raw)≈ $7.00 / lot · measured Jul 2026
Min deposit
$200True ECN / Raw
Platforms
MT4, MT5, cTrader
Founded / HQ
2007 · Sydney, Australia
Max leverage
30:1 (EU/AU retail)
Avg fill
~35 ms

Score by pillar

Regulation & safety (30%)9.5
Trading costs (25%)9.8
Execution quality (20%)9.4
Client protections (15%)9
Platforms & range (10%)9.2
Weighted total9.4

The Honest Take

Pros & cons

What we liked

  • Lowest verified all-in cost on major pairs in the 2026 test group
  • True ECN execution with deep liquidity and fast fills
  • Tier-1 regulation (ASIC) plus EU coverage (CySEC), funds segregated
  • Full platform choice: MT4, MT5 and cTrader
  • No deposit or withdrawal fees on most methods

What to weigh

  • $200 minimum deposit is higher than some rivals ($5–$10)
  • No fixed-spread account for predictable costs
  • Offshore entity offers very high leverage — higher risk
  • No proprietary platform; relies on third-party software
  • Limited non-FX product range vs multi-asset brokers

Is IC Markets regulated?

Yes. IC Markets operates regulated entities under ASIC, CySEC, FSA (AFSL 335692 · CIF 362/18). Client money is held in segregated accounts. You can verify this yourself by searching the licence number in the regulator's public register and confirming the entity name and status match — we show that number in the key-data box above.

Is IC Markets a scam?

No. A scam broker is typically unlicensed, blocks withdrawals, or trades against clients without disclosure. IC Markets is the opposite profile: multi-jurisdiction licences you can verify in public registers, segregated client funds and a track record since 2007. Always trade with the entity that regulates your region, as protections differ between entities.

Verified user reviews

4.8
★★★★★
2,140 verified reviews

Only reviews from users we verify as real account holders count toward this rating, and each passes an anti-fraud screen. See how we verify reviews.

★★★★★

“Been with IC for three years. Spreads on EUR/USD are genuinely raw and withdrawals hit my bank next day, every time.”

Verified M. Okafor · Raw account · 3 yrs
★★★★☆

“Costs are excellent and support is responsive. Docked a star because the $200 minimum was a stretch when I started.”

Verified L. Fernández · Standard · 1 yr
★★★★★

“Scalping-friendly with no requotes even during news. Slippage is minimal and I can see it is a true ECN.”

Verified K. Tanaka · Raw account · 2 yrs

Risk warningCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. This review is independent and is not financial advice.

DW

Daniel Whitcombe

Reviewer · Regulation & Market Structure

Daniel Whitcombe personally verified IC Markets's licence numbers in the official registers for this review, and measured the quoted spreads on a live account.