Icmarkets
Icmarkets Broker Overview
Here is every key fact about Icmarkets in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | Icmarkets |
|---|---|
| Broker name | Icmarkets |
| Foundation year | 2012 |
| Headquarters | International Capital Markets Pty LtdLevel 2 / 2 Bligh StreetSydney NSW2000 AUSTRALIA |
| Country | Australia |
| Telephone | +61 (0)2 8014 4280 |
| Email / Skype | info@icmarkets.com |
| Fax | +61 (0)2 8072 2120 |
| Regulated by | Australian Company Number (ACN): 123 289 109 Australian Business Number (ABN): 12 123 289 109 Australian Financial Services Number (AFSL): 335 692 |
| Type of broker | ECN |
| Min. deposit | $200 |
| Max leverage | 500:1 |
| Min. spreads | 0.0 |
| Funding methods | Moneybookers - WebMoney - Paypal - Cashu - Neteller - MasterCard - VisaCard - Bank Transfer |
| Withdrawal methods | Moneybookers - WebMoney - Paypal - Cashu - Neteller - MasterCard - VisaCard - Bank Transfer - |
| Base currencies | USD |
| Languages | English French Spanish |
| Trading platforms | MetaTrader 4 (MT4) (MT5) MetaWeb |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✗ No |
| Promotion | Yes |
In simple words: traders get MetaTrader 4 (MT4) (MT5) MetaWeb, spreads from 0.0, leverage up to 500:1 and a $200 minimum deposit. New clients can also check the current Yes.
Is Icmarkets Safe? Regulation and Company Details
Icmarkets is a regulated broker. Australian Company Number (ACN): 123 289 109 Australian Business Number (ABN): 12 123 289 109 Australian Financial Services Number (AFSL): 335 692. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
Australian Company Number (ACN): 123 289 109 Australian Business Number (ABN): 12 123 289 109 Australian Financial Services Number (AFSL): 335 692
Head office
International Capital Markets Pty LtdLevel 2 / 2 Bligh StreetSydney NSW2000 AUSTRALIA (Australia)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 2012. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 500:1.
Icmarkets Trading Conditions
Spreads and commissions
Icmarkets spreads start from 0.0. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 500:1, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4 (MT4) (MT5) MetaWeb
Web platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
This Icmarkets review covers regulation, fees, platforms and bonuses.
Official website: Icmarkets
Icmarkets Account Types
Icmarkets offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $200 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Segregated accounts
Client funds are kept apart from company money.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at Icmarkets
Icmarkets supports the deposit and withdrawal methods below. Check the fee and processing time for your method before you deposit.
Withdrawal methods
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
Icmarkets Bonus and Promotions
Bonuses are a big reason traders search for Icmarkets. Availability depends on your country and the account type.
- Yes — the current promotion for Icmarkets clients. Check the volume rules before you claim it.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official Icmarkets website before accepting any offer.
Icmarkets Pros and Cons
Pros
- Regulated: Australian Company Number (ACN): 123 289 109 Australian Bus...
- Yes
- Low $200 minimum deposit
- Spreads from 0.0, ECN execution
- MetaTrader 4 (MT4) (MT5) MetaWeb
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
Cons
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open an Icmarkets Account
- RegisterFill in your name, email, country and phone number on the Icmarkets sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4MetaWeb).
- Fund and tradeDeposit from $200 with your preferred method, claim any eligible bonus, then log in and start trading.
About Icmarkets
Icmarkets overview
Icmarkets is an ECN forex broker founded in 2012 and based in Australia. ECN, short for Electronic Communication Network, is a model in which client orders are passed to liquidity providers rather than being filled only by the broker. Traders who prefer this structure often look for tight pricing and transparent order execution, and Icmarkets is built around that model.
The broker serves retail and more experienced traders with a range of account types, several trading platforms and a mix of deposit and withdrawal methods. This review covers the main areas a trader should check before opening an account: regulation, account types, platforms, costs, funding methods, bonuses and support. It also lists the strengths and weaknesses we found, and ends with a verdict.
Risk note: trading forex and CFDs on leverage carries a high risk of losing money. Leverage magnifies gains and losses alike, so only trade with money you can afford to lose.
Regulation and safety
Icmarkets operates from Australia under the legal entity International Capital Markets Pty Ltd, with its head office at Level 2 / 2 Bligh Street, Sydney NSW 2000. The company is registered with the following identifiers:
- Australian Company Number (ACN): 123 289 109
- Australian Business Number (ABN): 12 123 289 109
- Australian Financial Services Number (AFSL): 335 692
Holding an Australian Financial Services Licence means the firm is subject to Australian financial regulation. Before you deposit, check the licence details yourself on the official register and confirm that the entity you contract with is the one named in your account documents.
The broker also states that client funds are segregated. Segregation means client money is kept apart from the company's own operating funds, which is an important safeguard if a broker runs into financial difficulty. Regulation and segregation reduce some risks, but they do not remove market losses. Read the client agreement and the risk disclosures before trading.
Account types
Icmarkets offers a broad menu of accounts, so most traders can find a structure that suits their budget and style:
- Free demo account: a practice account for testing strategies and getting familiar with the platform without risking real money.
- Mini accounts: smaller-sized accounts for traders who want to start with a lower amount.
- VIP accounts: higher-tier accounts for more active clients. Check the official website for the qualifying criteria and benefits.
- Islamic accounts: accounts designed to comply with Sharia principles, which means swap-free trading.
- Swap-free accounts: accounts that do not charge overnight swap fees on open positions.
- Managed accounts: accounts in which a professional manager trades on the client's behalf. Review the terms carefully, as managed trading involves its own risks and conditions.
The base currency for accounts is USD. The minimum deposit is 200, which is a relatively accessible starting point for many retail traders. Confirm the exact requirements for each account type before you apply, since conditions can differ by account.
Trading platforms
Icmarkets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5) and MetaWeb. MetaTrader remains one of the most widely used platform families in retail forex, offering charting tools, technical indicators, automated trading through Expert Advisors and a large community of users and developers.
Clients can trade through these platforms on the desktop, in a web browser and on mobile devices, so you can monitor and manage positions when you are away from your computer. The platform also allows hedging and scalping, and news trading is permitted. Those who run automated or short-term strategies should still confirm how the rules apply to their specific account type.
Spreads, fees and leverage
Icmarkets lists spreads starting from 0.0. Spreads on ECN accounts are typically variable, meaning they change with market conditions, and the lowest figures are usually seen during quiet periods on the most liquid pairs. A low headline spread does not tell you the whole cost of trading. Commissions, swap charges and the spread you actually receive during volatile markets all affect the final price, so compare total costs on a demo account or with a small live position before scaling up.
Maximum leverage is up to 500:1. High leverage lets you control a large position with a small margin, but it also increases the speed at which losses can build. Leverage may be lower depending on your country of residence and account type, so check what applies to you. Many traders use far less leverage than the maximum available, and managing position size is more important than the leverage figure itself.
Deposits and withdrawals
Icmarkets accepts deposits through a range of payment methods, including:
- Moneybookers
- WebMoney
- PayPal
- Cashu
- Neteller
- MasterCard
- VisaCard
- Bank transfer
The same methods are listed for withdrawals. Processing times, minimum amounts and any fees can vary by method and by country, and they are not covered in this review. Before you choose a method, check the official website for the current deposit and withdrawal policy. Also make sure that the method you use for a deposit can be used for the withdrawal, as some brokers have rules about returning funds to the original payment source.
Bonuses and promotions
Icmarkets offers a welcome bonus and other promotions. It does not offer a no-deposit bonus, so you will need to fund your account to access the welcome offer. Bonus terms can change, and they usually include conditions such as trading volume requirements, eligibility rules and withdrawal restrictions. Read the full terms before you deposit, and make sure you understand how any bonus funds are treated when you want to withdraw your own money.
Bonuses should never be the main reason to choose a broker. A promotion can look attractive, but the trading costs, platform quality, regulation and withdrawal process matter far more over time.
Customer support
The Icmarkets website is available in English, French and Spanish, which helps clients who prefer to read in one of these languages. Details about support channels, opening hours and response times were not part of the information used for this review. Check the official website for current contact options and test the support team with a simple question before funding your account.
Pros and cons
Pros
- ECN model, founded in 2012
- Australian regulatory details provided (ACN, ABN and AFSL numbers)
- Client funds are stated to be segregated
- Low minimum deposit of 200
- Spreads listed from 0.0
- Leverage up to 500:1 (subject to country and account type)
- Three platforms: MetaTrader 4, MetaTrader 5 and MetaWeb, with web and mobile access
- Wide range of accounts, including demo, mini, VIP, Islamic, swap-free and managed accounts
- Hedging, scalping and news trading allowed
- Many deposit and withdrawal methods
- Website available in English, French and Spanish
Cons
- No no-deposit bonus is offered
- Bonus terms must be checked carefully and can change
- Maximum leverage of 500:1 is high and can increase risk for inexperienced traders
- Leverage may be lower depending on country and account type
- Low headline spreads do not reflect total trading costs
- Support details and fee schedules are not covered here and need checking directly with the broker
Verdict
Icmarkets is a well-established ECN broker with a clear regulatory footprint, a low minimum deposit, a broad selection of account types and three trading platforms. Its support for hedging, scalping and news trading, along with a free demo account, makes it a practical choice for traders who want flexibility and a choice of platforms.
The main points to weigh are high maximum leverage, variable costs that depend on market conditions, and bonus terms that need careful reading. Before you open a live account, verify the licence on the official register, review the account conditions, compare total trading costs on a demo account and read the bonus rules. Forex and CFD trading carries a high risk of losing money, so trade responsibly and only with funds you can afford to lose.
Frequently Asked Questions
Is Icmarkets a regulated broker?
Icmarkets is registered in Australia with the ACN 123 289 109, ABN 12 123 289 109 and AFSL 335 692. You should still verify these details on the official register before opening an account.
What is the minimum deposit to open an account?
The minimum deposit at Icmarkets is 200. Check the official website to confirm the requirement for the specific account type you want.
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose Icmarkets?
Icmarkets earns 3.3/5 — a $200 entry cost, MT4MetaWeb platforms and a track record since 2012.
Icmarkets suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
