IC Markets Company Profile


Is IC Markets legit or a scam? Account types, trade settings confirmed. FX110 verified IC Markets' real office in Cyprus through a site visit.

IC Markets Company Profile


Our collaboration with IC Markets:

Our first consultation on cooperation with IC Markets was on December 12, 2013, and the agent cooperation was established on February 20, 2014 (upon signing the agreement). Our agent ID 1855 is one of the oldest agents of IC Markets.

IC Markets has always been the largest forex broker in Australia. According to reliable media rankings, it is the fourth largest broker in Australia. In 2017, IC Markets' monthly trading volume exceeded $300 billion. In 2021, IC Markets reported an annual total of $9.32 trillion for 2020, becoming the Australian broker with the largest trading volume. It ranks among the top ten retail forex traders worldwide.

Broker Regulation and Business Information:

IC Markets is certified by the Australian Securities and Investments Commission (ASIC), with the certification number: 335692.

The true ECN account offers spreads starting from 0.0, with a commission of $3.5 per $100,000 traded in Australian dollars. The standard account offers spreads starting from 1, with no commission charges. The trading of indices in Contract for Difference (CFD) starts from 0.4 points. The information on this website is not targeted at residents of any country or jurisdiction that is inconsistent with the laws and regulatory requirements described on the website. International Capital Markets holds an Australian Financial Services License (AFSL) and operates financial services legally within Australia, strictly within the scope stipulated by the AFSL.

International Capital Markets Pty Ltd. ACN 123 289 109. AFSL No. 335692

IC Markets Global Affiliates:


Regulatory Country: Cyprus | License Number: 362/18 | Website: www.icmarkets.eu

True ECN Trading Ltd Company Address: Office 6, 1st Floor, HIS Building, Providence, Mahe, Seychelles

Phone: +248 4374000 | Email: compliancesc@icmarkets.com | Website: www.icmarkets.com

IC Markets' development history:

As a leading global broker, IC Markets provides both retail and institutional traders with a professional and transparent trading environment, enabling traders to focus more on their trades. Additionally, the platform is committed to offering traders excellent spreads, execution, and services. It is well known that IC Markets' true ECN trading environment allows for quotations to be sourced from world-class investment banks and liquidity pools, entering the trading center. Through our ECN environment, your counterparty could be one of the largest banks in the world. Each transaction you make truly enters the forex market, free from dealer intervention or price manipulation. IC Markets' ECN platform has always been a top choice for high-frequency traders and automated traders.

Since its establishment in 2007, IC Markets as a newly founded company strived to meet the requirements for an ASIC regulatory license. By 2009, IC Markets officially became the well-known veteran broker. After obtaining the ASIC regulatory license, IC Markets quickly expanded its business in Australia. In the three years following its establishment, from 2010 to 2011, the number of IC Markets' clients and total forex growth doubled with double-digit growth rates for two consecutive years.

Notably, during this period, IC Markets' main business continued to focus on Australia and New Zealand, with the trading volume in this region accounting for 52.8% of the total, an increase from 38.7% in 2010.

After 2011, IC Markets began to expand beyond Australia, entering the Asian and European continents. By 2013, IC Markets' trading volume in Asia had more than doubled from 2010, earning it the award for the fastest-growing broker in the Middle East and North Africa region, and officially ranking among the world's top traders.

Especially in 2015, when the Swiss franc crash shocked the market, IC Markets survived with its strong capabilities, attracting countless fans with its excellent handling methods and increasing its international reputation. With its soaring reputation, IC Markets announced in August 2017 that its trading volume had reached a record $343 billion, continuing to close the gap with leading Japanese traders (GMO Click, DMM.com) in 2018.
IC Markets has grown through adversity, constantly surrounded by negative controversies but becoming stronger in the face of these challenges.

IC Markets offers the ECN model, eliminating middlemen markups, and providing more competitive spreads than most brokers. According to IC Markets, on the MetaTrader 4 and 5 platforms, the Raw Spread accounts offer spreads starting from 0.0 pips, with the average spread for EURUSD being 0.1 pips, one of the tightest average spreads worldwide for this pair.

In summary: Assessing from aspects like asset size, regulatory background, customer support, and trading infrastructure, IC Markets is a reliable and safe broker. Despite being affected by Australian regulations last year, which led to the transfer of Chinese clients' regulatory locations, it is unlikely to hastily exit the Chinese market like other Australian brokers in the short term. IC Markets' success is attributed to its true ECN product and low spreads. Nevertheless, over the decade, IC Markets' monthly trading volume has grown from a few billion to about $400 billion, marking a remarkable growth story.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Forex brokers

Forex brokers refer to the companies or individuals that offer individuals and corporate customers access to trade in the forex market. These brokers act as intermediaries between the clients and the global forex market, enabling investors to buy and sell various currency pairs.



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