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A true-ECN broker with raw spreads close to 0.0 pips on EUR/USD, deep liquidity and the full MT4/MT5/cTrader line-up — built for high-volume, algo and scalping traders.
IC Markets is the go-to broker for traders who obsess over cost. Its Raw Spread accounts deliver some of the tightest pricing in the industry — frequently 0.0–0.1 pips on EUR/USD plus a small commission — backed by deep liquidity and fast execution. For scalpers and EA portfolios, that combination is hard to beat.
It supports MT4, MT5 and cTrader, so it pairs naturally with a low-latency VPS. The main caveats are a $200 minimum deposit and that UK clients trade under its offshore/CySEC entities rather than an FCA one — fine for many, but worth knowing.
Bottom line: the cost champion. The pick for high-volume, scalping and algo traders who want raw spreads and MetaTrader.
The Raw Spread account shows near-zero spreads with a commission of around $7 per round-turn lot — usually the cheapest all-in option for active traders. A Standard account bundles cost into the spread with no commission. Swap fees apply overnight; deposits and withdrawals are generally free.
IC Markets operates under ASIC (Australia), CySEC (EU) and the FSA (Seychelles), with client funds held in segregated accounts. It does not hold an FCA licence, so UK traders are onboarded to a non-UK entity — check which entity applies to you and the protections that come with it.
Full MetaTrader 4 and 5 plus cTrader and TradingView, with no dealing-desk intervention on its Raw accounts. That makes it one of the most EA- and scalper-friendly brokers around, especially when the terminal runs on a VPS close to its servers.
| Founded | 2007 | Min deposit | $200 |
| EUR/USD from | 0.0–0.1 pips | Commission | ~$7 / lot rt |
| Platforms | MT4 · MT5 · cTrader · TradingView | Demo | Yes |
| Regulators | ASIC · CySEC · FSA (Seychelles) | ||
Yes — its true-ECN raw spreads, deep liquidity and full MT4/MT5/cTrader support make it one of the best brokers for scalping and Expert Advisors, especially paired with a low-latency VPS.
No — it’s regulated by ASIC, CySEC and the Seychelles FSA, not the FCA. UK traders are onboarded to a non-UK entity, so check the applicable protections.
Raw Spread (near-zero spread + commission) is cheaper for active traders; Standard (spread-only) is simpler for occasional trading.
How we compiled this review. This review is based on IC Markets’ publicly published account terms, regulatory disclosures, platform information and pricing, combined with independent research and analysis of its reputation across the trading community, accurate as of May 2026. Spreads, commissions, regulation and product availability vary by entity and region and change frequently; figures are indicative, not guaranteed. We are not regulated to give financial advice and have no affiliation with IC Markets. Always confirm current terms — and that the broker accepts clients from your country — on the IC Markets website before opening an account. Parts of this site are AI-generated or AI-assisted and may contain errors. See our full disclaimer and methodology.
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