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    IC Markets review: licences, accounts and payments

    Updated October 7, 2026 Facts verified on October 7, 2026

    Not rated yet 4.4/5 on other platforms 9,253 ratings Alternatives

    IC Markets, now branded IC, runs its global site through Raw Trading Ltd (FSA Seychelles); IC Markets (EU) Ltd and IC Markets (KE) Limited hold other licences.

    Key facts

    Minimum deposit
    No minimum
    Maximum leverage
    up to 1:5000 (FSA)
    Swap-free (Islamic) account
    On request

    Facts checked on October 7, 2026. Details and sources below.

    Pros

    • $0 minimum deposit on Raw Spread, cTrader Raw Spread and Standard accounts
    • Swap-free option on request for Raw Spread and Standard account types
    • No IC fee on deposits or withdrawals (bank fees may apply)
    • Raw Spread commission: $3.5 per lot per side ($7 round turn)

    Cons

    • Global site’s entity, Raw Trading Ltd, is licensed in Seychelles (FSA SD018)
    • No African, Latin American or Gulf local payment methods listed
    • No website found for the Kenyan entity (CMA licence 199)
    • International bank wire withdrawals can take up to 14 days

    Licences and legal entities

    Legal entity Regulator Licence no. Max leverage What we checked
    Raw Trading Ltd FSA (Seychelles) SD018 1:5000 October 7, 2026
    IC Markets (EU) Ltd CySEC (Cyprus) 362/18 — October 7, 2026
    IC Markets (KE) Limited CMA (Kenya) (Kenya) 199 — October 7, 2026

    Account types

    Account Min. deposit Pricing Commission / lot Platforms Swap-free (Islamic)
    Raw Spread $0 Raw spread + commission $7 MetaTrader 4, MetaTrader 5 On request
    cTrader Raw Spread $0 Raw spread + commission — cTrader, TradingView On request
    Standard $0 Spread only $0 MetaTrader 4, MetaTrader 5 On request

    Deposits and withdrawals

    Method Deposit Withdrawal Fee Time
    Visa / Mastercard Yes Yes No IC fee Deposit instant; withdrawal 3-5 business days (rarely up to 10)
    PayPal Yes Yes No IC fee Deposit instant
    Neteller Yes Yes No IC fee Deposit instant
    Skrill Yes Yes No IC fee Deposit instant
    Bank transfer Yes Yes No IC fee; intermediary/beneficiary bank fees may apply Deposit 2-5 business days; international wire withdrawals up to 14 days

    Screenshots

    Pages we captured in a browser on the date shown. Pages can look different in your country.

    IC Markets home page
    IC Markets home page Captured October 12, 2026 · Source
    IC Markets account types on its official site
    IC Markets account types on its official site Captured October 12, 2026 · Source
    IC Markets in the CySEC register
    IC Markets in the CySEC register Captured October 12, 2026 · Source
    IC Markets broker page on TradingView
    IC Markets broker page on TradingView Captured October 12, 2026 · Source

    Overview

    IC Markets now brands itself “IC”. Its global site is run by Raw Trading Ltd, licensed in Seychelles; group entities in Cyprus and Kenya hold other licences. Other group entities were not checked, and the pages we checked give no founding year or headquarters. All facts in this review were checked on 7 October 2026.

    Licences and who they cover

    • Raw Trading Ltd: FSA (Seychelles), licence SD018; it runs the global site. Forex leverage goes up to 1:5000 and falls as position size grows (1:1000 above 50 lots in the page’s example). Other maximums: metals 1:2000, energies and crypto 1:500, indices, futures and bonds 1:200, stocks 1:20.
    • IC Markets (EU) Ltd: CySEC (Cyprus), licence 362/18. Its EU site states that 73.46% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd.
    • IC Markets (KE) Limited: CMA (Kenya), licence 199. It appears only on the CMA register, which lists no website for it, and we found no website offering its services, so its accounts, payments and leverage are unknown.

    Raw Trading Ltd does not serve residents of countries “such as” the United States, Canada, New Zealand, Iran and North Korea; the list is not exhaustive.

    Accounts and costs

    The three accounts on the global site all have a $0 minimum deposit:

    • Raw Spread: MetaTrader 4 and 5, raw spreads, $3.5 per lot per side ($7 round turn) on a USD account.
    • cTrader Raw Spread: cTrader and TradingView, $3 per side per USD 100,000 traded.
    • Standard: MetaTrader 4 and 5, no commission, spreads from 0.8 pips.

    Ten base currencies are offered, including USD, EUR and GBP. A swap-free option is available on request for the Raw Spread and Standard account types on MetaTrader 4, MetaTrader 5 and cTrader, with a flat holding fee instead of swaps.

    Deposits and withdrawals

    IC Markets charges no deposit or withdrawal fees of its own; banks may charge fees on wires.

    • Cards: instant deposits; withdrawals in 3–5 business days, rarely up to 10. Credit card withdrawals may not be available in every country.
    • PayPal, Neteller and Skrill: instant deposits.
    • Bank wire: deposits in 2–5 business days; international withdrawals can take up to 14 days.

    Crypto deposits (BTC, ETH, USDC, USDT) are listed without network or withdrawal rules. No local methods for Africa, Latin America or the Gulf, such as M-Pesa, SPEI, OXXO or mada, are listed.

    Before you open an account

    • Check which entity will hold your account: Raw Trading Ltd (Seychelles) or IC Markets (EU) Ltd (CySEC).
    • In Kenya, ask which entity would serve you, since we found no website for IC Markets (KE) Limited.
    • Confirm that your country is accepted; the restricted list is not exhaustive.

    We have not tested this company with our own account yet; this review will be updated when we do.

    Ratings on other platforms

    What users of app stores and TradingView give IC Markets. These are their ratings, not a Wealth.cat score.

    Average across platforms: 4.4/5 9,253 ratings · Weighted by the number of ratings on each platform.
    Platform What is rated Rating Ratings Checked
    Google Play IC Markets 3.1/5 837 October 8, 2026
    App Store IC Markets 3.1/5 40 October 8, 2026
    TradingView IC 4.5/5 8,376 October 8, 2026

    App store ratings rate the company’s mobile app. TradingView ratings rate the broker.

    What reviewers mention most

    We read 56 reviews (App Store: 17, in the platform’s default order, TradingView: 39, newest first) written between November 7, 2021 and October 7, 2026 and counted what each one talks about: 34 positive (4–5★), 4 neutral (3★) and 18 negative (1–2★).

    Most praised

    • Helpful support 8
    • Useful tools and features 4
    • Easy deposits 3

    Most criticised

    • Delayed or refused payouts and withdrawals 6
    • App bugs, crashes or login problems 5
    • Slippage, failed or delayed orders 5

    The number is how many of those reviews mention it. Only themes mentioned at least twice are listed.

    This summarises what reviewers wrote; we did not verify their claims, and companies can invite customers to leave reviews.

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    Frequently asked questions

    Is IC Markets regulated?

    Yes. IC Markets operates through entities licensed by FSA (Seychelles), CySEC (Cyprus), and CMA (Kenya). Licence numbers and legal entities are listed in the licences table on this page.

    What is the minimum deposit at IC Markets?

    IC Markets sets no minimum deposit (Raw Spread, cTrader Raw Spread, and Standard).

    Which trading platforms does IC Markets offer?

    IC Markets offers MetaTrader 4, MetaTrader 5, cTrader, and TradingView.

    Does IC Markets offer a swap-free (Islamic) account?

    On request. Swap-free conditions can be requested on: Raw Spread, cTrader Raw Spread, and Standard.

    What is the maximum leverage at IC Markets?

    It depends on the entity that opens your account: 1:5000 with FSA.

    How can I deposit and withdraw money with IC Markets?

    Deposits and withdrawals: Visa / Mastercard, PayPal, Neteller, Skrill, and Bank transfer.

    Which countries does IC Markets not accept?

    IC Markets does not accept clients from United States, Canada, New Zealand, Iran, and North Korea.

    When were these facts last checked?

    We checked the facts on this page against IC Markets’s official pages on October 7, 2026.

    How is IC Markets rated on other platforms?

    As of October 8, 2026: Google Play 3.1/5 (837 ratings), App Store 3.1/5 (40 ratings), and TradingView 4.5/5 (8,376 ratings). Weighted by the number of ratings, the average is 4.4/5. These are ratings by those platforms’ users, not a Wealth.cat score.

    What do reviewers praise and criticise about IC Markets?

    We read 56 reviews on App Store and TradingView written between November 7, 2021 and October 7, 2026. Most praised: Helpful support (8), Useful tools and features (4), Easy deposits (3). Most criticised: Delayed or refused payouts and withdrawals (6), App bugs, crashes or login problems (5), Slippage, failed or delayed orders (5). This summarises what reviewers wrote; we did not verify their claims, and companies can invite customers to leave reviews.

    Alternatives

    Compare IC Markets with

    Sources

    Not available in: United States, Canada, New Zealand, Iran, North Korea