IC Markets
Best for raw-spread scalping on MetaTrader and cTrader
WizardTrader score
88
/100
CFDs are complex and carry a high risk of losing money rapidly due to leverage. Check the broker's own retail loss disclosure.
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Before you sign up
IC Markets' global site (now ic.com) onboards clients through Raw Trading Ltd, regulated by the FSA Seychelles. Leverage up to 1:5000 is far above top-tier limits, and offshore entities offer fewer protections.
Key facts
Regulators
ASIC (AFSL 335692), CySEC (362/18), FSA Seychelles (SD018)
EUR/USD cost
Raw avg 0.1 pips + $7 RT (MT4/MT5)
Minimum deposit
$200
Platforms
MT4, MT5, cTrader, TradingView, IC Social, ZuluTrade
Max leverage
30:1 (ASIC/CySEC); up to 1:5000 via Seychelles entity
Founded and headquarters
2007, Sydney, Australia
Pros
- Raw spreads averaging 0.1 pips on EUR/USD
- 2,850+ instruments
- Strong platform choice including cTrader
Cons
- Global site defaults to the offshore Seychelles entity
- Official pages give conflicting standard-account spreads
- Not available to US residents
Our review
IC Markets (now branded IC) is a long-standing favourite of high-volume traders thanks to raw spreads and $7 round-turn commission. Its ASIC and CySEC entities are top-tier, but the global website signs most international clients up through its Seychelles entity, which is why it's rated "Mixed" for regulation.
Score breakdown: Regulation 30/35, Costs 24/25, Platforms 14/15, Access 7/10, Track record 13/15.