IC Markets provides forex and multi-asset CFD accounts through MetaTrader, cTrader and TradingView. This reference covers the European retail service of IC Markets (EU) Ltd. The Australian business dates to 2007; the Cyprus operation dates to 2018. IC and IC Markets are names used across the group’s official sites, including the approved icmarkets.eu and ic.com/eu domains.[2][1][4][6]
European accounts
Sections ↑Broker essentials01
European service at a glance
| Measure | Value | Context |
|---|---|---|
| Operator | IC Markets (EU) Ltd; Limassol, Cyprus; company HE356877. | Source 3 |
| Starting deposit | EUR 200 or its equivalent; EUR, USD and GBP account currencies. | Source 7 |
| Retail settings | Maximum leverage 30:1; account comparison lists 50% stop-out. | Source 6 |
| Account access | Individual and corporate applications; the current FAQ says joint accounts are no longer offered. | Source 7 |
Account comparison02
EU forex and precious-metal accounts
| Account | Platform | Spread minimum | Commission |
|---|---|---|---|
| Standard | MT4 / MT5 | 0.8 pips | No commission for forex and precious metals.Source 6 |
| Raw Spread | MT4 / MT5 | 0.0 pips | Per standard lot per side: USD 3.50, EUR 3.25 or GBP 2.75; double for opening plus closing.Source 8 |
| cTrader Raw Spread | cTrader; TradingView connection | 0.0 pips | USD 3 per USD 100,000 notional per side; converted to account currency.Source 8Source 16 |
Products and platform access
Sections ↑Platforms & products03
Markets and platform access
| Market | Published range | Account implications |
|---|---|---|
| Foreign exchange | 61 currency pairs in the account comparison | Micro-lot trading from 0.01 standard lot.Source 6Source 14 |
| Equity indices | 25 index CFDs, including cash and futures-based products | MT4, MT5 and cTrader; index page states no commission.Source 17 |
| Single stocks | More than 2,100 stock CFDs; US exchange listings | EU stock page specifies MT5. These contracts do not convey the underlying shares.Source 18 |
| TradingView subset | Over 120 CFDs across FX, commodities, indices and crypto | Connected through cTrader Raw; product availability differs from the complete MT5 catalogue.Source 16 |
Trading, financing and account costs
Sections ↑Pricing & charges04
Raw-account commissions: EUR lots and USD notional are different bases
| Assumption / component | Raw MetaTrader 4/5 | Raw cTrader |
|---|---|---|
| Trade and conversion assumption | 100,000 EUR; EUR/USD 1.2000 on each leg | 100,000 EUR; USD 120,000 notional on each legSource 6Source 8 |
| Round-turn commission | 2 × USD 3.50 = USD 7.00 | 2 × (120,000 / 100,000) × USD 3 = USD 7.20Source 6Source 8 |
| Assumed 0.2-pip spread, counted once | USD 2.00 | USD 2.00Source 6Source 8 |
| Illustrated subtotal | USD 9.00 | USD 9.20Source 6Source 8 |
Pricing & charges05
Ongoing and non-trading costs
| Charge | EU terms | Basis |
|---|---|---|
| Overnight financing | Swap may debit or credit; either direction can carry a debit. | Rates vary by instrument and direction; platform specifications provide the current rate.Source 9 |
| Weekend financing | Triple swap: FX and metals on Wednesday; energy, indices, equities and crypto on Friday. | Weekend adjustment at that day’s rollover.Source 8 |
| Inactivity | 10 account-currency units per account per month after six months; plus VAT where applicable. | Dedicated policy exempts open positions and specified access/complaint restrictions; charges cannot make the balance negative.Source 10 |
| Withdrawal without trading | EUR 30 / USD 30 / GBP 30 on the second qualifying request. | March 2026 costs policy.Source 8 |
| Currency conversion | Market-based rate may include a markup. | No fixed percentage specified in the policy.Source 8 |
Inactivity reset rules conflict: the dedicated policy and FAQ require a trade, while the March 2026 costs policy also counts deposits and withdrawals. The amount agrees; the trigger remains unclear.[10][7][8]
Software and trading hours
Sections ↑Platforms & products06
Trading software and tools
| Platform | Useful functions | Operational detail |
|---|---|---|
| MT4 / MT5 | Expert Advisors and automated strategies; MT5 adds MQL5, market depth and an improved strategy tester. | MT5 supports Raw and Standard; its trading servers are in New York’s Equinix NY4.Source 14Source 6 |
| cTrader | Level II market depth, VWAP tools, detachable charts and advanced order types. | London Equinix LD5; micro-lot orders and no minimum limit-order distance are advertised.Source 15 |
| TradingView | Chart-based order entry, alerts and Pine Script chart studies. | A free TradingView plan can connect; this does not transfer MetaTrader EAs into TradingView.Source 16 |
Trading & service hours07
Ordinary trading windows and support
| Service / instrument | Published window | Clock / qualification |
|---|---|---|
| Forex | Monday–Thursday 00:01–23:59; Friday close 23:57. | Trading-server time: GMT+2, or GMT+3 during daylight saving.Source 13 |
| XAGUSD silver | 01:02–23:59; Friday close 23:57. | Same server clock; the daily break remains.Source 13 |
| US stock CFDs | NYSE / Nasdaq 16:35–22:55. | Same server clock; exchange holidays can change the session.Source 13 |
| EU customer support | Monday–Sunday, 08:00–00:00. | Published service window; the regulation page does not specify its time zone.Source 3 |
Funding and account closure
Sections ↑Pricing & charges08
Funding and withdrawal mechanics
| Method / stage | Published timing | Charges and conditions |
|---|---|---|
| Visa / Mastercard debit; PayPal, Neteller, Skrill | Deposit page lists instant processing in EUR, USD and GBP. | The payment policy excludes credit cards, although the FAQ still mentions them.Source 11Source 12Source 7 |
| Bank deposit | Generally 2–5 business days. | Currency availability varies by receiving provider; funds must come from the client’s own name.Source 11 |
| Withdrawal review | Within one working day under the payment policy. | Identity checks and return-to-source rules apply.Source 12 |
| Receiving bank / debit card | Bank: 3–5 working days; debit card: 10 working days in the policy. | Arrival follows processing; intermediary charges can apply.Source 12 |
Version 5.0 of the EU terms allows a client to terminate with seven days’ written notice from the registered email address, provided there are no open positions or outstanding obligations. Closing the relationship does not erase existing liabilities, and the terms allow account balances to be consolidated and set off on termination. A withdrawal request and a notice ending the agreement are therefore separate instructions.[26]
European client protection
Sections ↑Protections & eligibility09
European retail protection
| Arrangement | What the published terms provide |
|---|---|
| Client money | Segregated accounts with European banks, held separately from the company’s operating funds.Source 2 |
| Negative balance protection | The EU FAQ provides retail protection; professional clients do not receive the same protection.Source 7 |
| Investor Compensation Fund | Eligible established claims: the lower of 90% of covered claims and EUR 20,000 in aggregate per client. Trading losses are outside this failure-of-firm protection.Source 20 |
Support and formal complaints
Sections ↑Account comparison10
EU service and complaint route
| Stage | Published route or time |
|---|---|
| Ordinary support | [email protected] or the official contact form.Source 7 |
| Formal complaint | Complaint form and evidence to [email protected]; retain the assigned complaint reference.Source 7Source 25 |
| Internal response | Inspected version 3.0 policy says acknowledgement within five days, outcome within two months; explained extension cannot exceed three months from submission.Source 25 |
| Further action | The policy identifies the Cyprus Financial Ombudsman, ADR/courts and supervisory reporting; their purposes and eligibility differ.Source 25 |
Company capital and regulatory history
Sections ↑Key numbers11
IC Markets (EU) Ltd: 31 December 2025 capital
| Measure | Value | Context |
|---|---|---|
| Regulatory own funds | EUR 16.799 million, all Common Equity Tier 1. | Source 19 |
| Capital requirement | EUR 5.170 million; the report’s total capital ratio is 324.92%. | Source 19 |
| Accounting equity | EUR 16.922 million; this is the Cyprus company, not consolidated group equity. | Source 19 |
CySEC announced a EUR 200,000 fine on 19 July 2024 for participation in circumvention of retail CFD initial-margin protections. Separately, it announced EUR 50,000 of fines on 4 September 2024 concerning execution arrangements and the clarity of cost disclosures. The regulator’s current entries record judicial review dated 30 September and 15 November 2024 respectively; no subsequent ruling was verified.[21][22][23][24]
- Headquarters
- Selected EU operating company: Limassol, Cyprus; Australian business originated in Sydney.
- Founded
- 2007 (Australian business); 2018 (EU operation)
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
IC Markets (EU) Ltd
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Cyprus Securities and Exchange Commission362/18 | Authorised | Checked 9 Oct 2026Licence granted 25 June 2018.Source 5Source 4 |
International Capital Markets Pty Ltd
AustraliaSource 1
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Australian Securities and Investments Commission335692 | Not verified | Checked 9 Oct 2026AFSL stated by the Australian company. Its entity-specific ASIC permissions were not independently inspected; the practical account terms above concern the separate EU service.Source 1 |
Sources & further reading
- Australian business and company history International Capital Markets Pty Ltd · Accessed 9 Oct 2026
- EU business and establishment IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU regulatory disclosure IC Markets (EU) Ltd · Accessed 9 Oct 2026
- Current list of approved investment-firm domains Cyprus Securities and Exchange Commission · Accessed 9 Oct 2026
- Cypriot investment-firm register Cyprus Securities and Exchange Commission · Accessed 9 Oct 2026
- EU account comparison IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU account and payment FAQs IC Markets (EU) Ltd · Accessed 15 Oct 2026
- Costs and Charges Policy, version 3.0, March 2026 IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU trading costs and swap conventions IC Markets (EU) Ltd · Accessed 9 Oct 2026
- Inactivity Fees and Dormant Accounts Policy, March 2025 IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU deposit methods and currencies IC Markets (EU) Ltd · Accessed 9 Oct 2026
- Deposits and Withdrawals Policy, March 2025 IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU instrument trading hours IC Markets (EU) Ltd · Accessed 9 Oct 2026
- MetaTrader 5 functions and infrastructure IC Markets (EU) Ltd · Accessed 9 Oct 2026
- cTrader functions and infrastructure IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU TradingView connection and market coverage IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU index CFD range IC Markets (EU) Ltd · Accessed 9 Oct 2026
- EU stock CFDs and MT5 availability IC Markets (EU) Ltd · Accessed 9 Oct 2026
- Disclosure and Market Discipline Report for 2025, pages 25–28 IC Markets (EU) Ltd · Accessed 9 Oct 2026
- Investor Compensation Fund Policy, version 2.0 IC Markets (EU) Ltd · Accessed 9 Oct 2026
- Decision announced 19 July 2024: EUR200,000 administrative fine Cyprus Securities and Exchange Commission · 19 Jul 2024 · Accessed 9 Oct 2026
- Decision announced 4 September 2024: EUR50,000 administrative fine Cyprus Securities and Exchange Commission · 4 Sep 2024 · Accessed 9 Oct 2026
- EUR200,000 decision: current judicial-review entry Cyprus Securities and Exchange Commission · 19 Jul 2024 · Accessed 9 Oct 2026
- EUR50,000 decision: current judicial-review entry Cyprus Securities and Exchange Commission · 4 Sep 2024 · Accessed 9 Oct 2026
- EU complaints policy, inspected version 3.0 IC Markets (EU) Ltd · Accessed 15 Oct 2026
- EU terms and conditions, version 5.0: closure and continuing obligations IC Markets (EU) Ltd · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.