Home / Best Forex Brokers in Malaysia / IC Markets Broker Review

IC Markets Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
4.46 4.46 / 5
Min. DepositUSD 200
Max. Leverage500:1
Min. Spread0.1 pips
Regulators CySEC,ASIC
Regulator Origin CySEC ASIC
Trading Desk Type

Summary

IC Markets is one of the few ECN brokers that is truly good for beginner traders; trader education and customer service are both top-notch and with free access to Trading Central - an excellent third-party analytics provider - new traders will feel very welcome indeed. IC Markets runs frequent bonus schemes, some especially for Islamic traders, with commission-free trading on Islamic accounts during Ramadan. 

IC Markets also offers support for all three leading trading platforms so experienced traders looking for a good ECN broker with the best trading conditions and fast execution should be tempted too.

Reviews

Regulation 11111
Trading Conditions 11110.5
Trading Platforms 11111
Deposit & Withdrawal 11110
Education & Research 11100
Assets Available 11110.5
Customer Service 11110.5
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 200
Base currenciesAUD, USD, EUR, GBP, CAD, SGD, NZD, JPY, CHF, HKD
Number of FX Pairs60
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.1
GBP / USD0.4
USD / JPY0.2

Company Details

Company nameInternational Capital Markets Pty Ltd.
Founded2007
Website www.icmarkets.com/en
Type ECN/DMA
Regulators CySEC,ASIC
Office locations Australia

Deposit & Withdrawal Methods

Supported Platforms for IC Markets

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.46 / 5 11110.5 4.49 / 5 11110.5 4.58 / 5
Minimum DepositUSD 200USD 5USD 5
Regulation
CySEC CySEC
ASIC ASIC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, FuturesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs605157
Crypto Pairs104
Pros
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • High minimum deposit
  • Limited market analysis
  • Limited base currencies
  • Dealing desk
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11111 5 / 5 11110 4 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 11100 3 / 5 11110.5 4.5 / 5 11111 5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker N/A 72.83% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:11000:1888:1
Spread0.1 pips0.0 pips0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard - MetaTrader (Standard)
  • Zero (Standard)
  • XM Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms cTrader , MT4 , MT5 MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission 7 USD / lot - True ECN account 6 USD / lot - Zero Account 7 USD / lot - XM Zero Account
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IC Markets

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Overall Rating 11110.5 4.46 / 5 11110.5 4.49 / 5 11110.5 4.58 / 5
Minimum DepositUSD 200USD 5USD 5
Regulation
CySEC CySEC
ASIC ASIC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, FuturesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs605157
Crypto Pairs104
Pros
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • High minimum deposit
  • Limited market analysis
  • Limited base currencies
  • Dealing desk
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11111 5 / 5 11110 4 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 11100 3 / 5 11110.5 4.5 / 5 11111 5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker N/A 72.83% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:11000:1888:1
Spread0.1 pips0.0 pips0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard - MetaTrader (Standard)
  • Zero (Standard)
  • XM Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms cTrader , MT4 , MT5 MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission 7 USD / lot - True ECN account 6 USD / lot - Zero Account 7 USD / lot - XM Zero Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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