IC

IC Markets Global Broker Overview

IC Markets Global, which now presents itself on its website as IC (ic.com), is a forex and CFD broker operated by Raw Trading Ltd, a Seychelles company. Raw Trading Ltd appears on the Seychelles Financial Services Authority's list of securities dealers, and IC's own site gives its licence number as SD018. Clients trade on MetaTrader 4, MetaTrader 5, cTrader and TradingView, with raw spreads from 0.0 pips plus commission or a commission-free Standard account, no minimum deposit on the accounts open now, and leverage of up to 1:5000.

Separate companies in the same group run the IC Markets websites for Australia (icmarkets.com.au), the European Union (icmarkets.eu) and the Bahamas (icmarkets.bs), each under its own licence and terms. This review covers the global site at ic.com.

IC Markets Global Regulation and License

The ic.com footer states that IC and IC Markets Global are trading names of Raw Trading Ltd, regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer's licence number SD018. WIKILIX confirmed Raw Trading Ltd on the FSA's Securities Dealer list on 24 October 2026, where its entry carries the trade names IC Markets Global and IC MARKETS (SC). The FSA list gives no licence number, issue date or expiry date, so the number SD018 comes from IC's own site. The entry names icmarkets.sc and icmarkets.com as the company's websites, not ic.com. No investor compensation scheme covers these accounts.

Three more licences are held by separate group companies and do not cover accounts opened on ic.com. Each was confirmed with its regulator on 24 October 2026:

• Australian Financial Services Licence 335692: held since 2 July 2009 by International Capital Markets Pty Ltd (ACN 123 289 109), for clients of icmarkets.com.au.
• Cyprus Investment Firm licence 362/18: held since 25 June 2018 by IC Markets (EU) Ltd (HE 356877) of Limassol, Cyprus, for EEA clients of icmarkets.eu and ic.com/eu, the two domains CySEC has approved for that company.
• Securities Commission of The Bahamas registration SIA-F214: held by IC Markets Ltd (no. 76823 C), which runs icmarkets.bs. The company is on the Commission's list of firms registered under the Securities Industry Act as at 31 July 2026. That list gives no licence number; SIA-F214 is the number icmarkets.bs gives.

Is IC Markets Global Regulated?

Yes. Raw Trading Ltd, the company that holds IC Markets Global accounts, is listed by the Seychelles FSA as a securities dealer, and that Seychelles licence is the only one behind ic.com. The group's Australian, Cypriot and Bahamian licences protect the clients of those companies, and ic.com tells visitors from the European Union that they cannot apply through it.

Raw Trading Ltd

Raw Trading Ltd is the company a client of ic.com contracts with. Its Seychelles company registration, number 8419879-1, incorporated on 5 April 2017 with its registered office at Eden House, 1st Floor, Eden Island, Mahe, was confirmed on 24 October 2026 against the Seychelles business registry through its GLEIF LEI record, 549300ZFKJCU7QEZYF02. Its client agreement, the Terms and Conditions version 2.1 of October 2026, gives a head office at B11, First Floor, Providence Complex, Providence, Mahe, and is governed by Seychelles law, with the courts of Seychelles having non-exclusive jurisdiction (clause 28.10).

Is IC Markets Global Safe?

Regulation alone does not make an account safe. An IC Markets Global account rests on the Seychelles licence and on Raw Trading Ltd's own terms, not on the group's Australian or EU regulation. Raw Trading Ltd says it holds client money in segregated client money accounts with top-tier banks, apart from its own funds (Terms clause 14.1), and it keeps any interest earned on that money. It advertises client funds insurance of up to 1,000,000 USD, but its insurance page says the limit covers all claimants together and applies only if Raw Trading Ltd becomes insolvent. The help centre says clients bear any negative balance, and clause 15.18 makes a client liable for a deficit after a close-out, although IC's order execution policy refers to negative balance protection offered by IC.

The client agreement gives IC wide discretion. It may refuse orders linked to scalping or black-box trading (clause 6.8), treat trades as void and withhold amounts it suspects came from abusive trading, including trading that could not be replicated in the underlying market and some copy trading and signal arrangements (clauses 12.1 to 12.4), alter the closing level of a trade (clause 9.21) and suspend an account without notice (clause 28.1). Its order execution policy describes an over-the-counter model in which IC sets the prices and acts as the client's counterparty. A trade confirmation becomes conclusive unless disputed within 48 hours (clause 3.4), IC may decline a complaint about an account it has closed or suspended (clause 3.7), and its liability is capped at four times the fees, commission or spread paid on the trade concerned (clause 20.6).

IC Markets Global Account Types

Three accounts are open now, all with no minimum deposit:

• Raw Spread (MetaTrader 4 and 5): spreads from 0.0 pips, a commission of 3.50 USD per lot per side (7.00 USD round turn) and leverage up to 1:5000, on New York servers (Equinix NY4).
• cTrader Raw Spread (cTrader and TradingView): spreads from 0.0 pips, a commission of 3 USD per side for every 100,000 USD traded and leverage up to 1:1000, on London servers (Equinix LD5), with 121 instruments against 2,250 on the MetaTrader accounts.
• Standard (MetaTrader 4 and 5): no commission, spreads from 0.8 pips and leverage up to 1:5000.

Raw Pro (minimum deposit 5,000 USD, 1.50 USD per lot per side) and Raw Pro+ (minimum deposit 100,000 USD, 1.00 USD per lot per side) appear on the accounts page with only a Get early access button, and the early-access page announces a third new account, Starter, without terms. The help centre still describes only two account types, Standard and Raw Spread.

A Swap Free option is available on Raw Spread and Standard. Instead of swaps it charges a fixed holding fee per lot on positions held overnight, for example 11 USD on EURUSD and 71 USD on XAUUSD, after up to five grace days. IC may revoke swap-free status without giving a reason, and its swap-free terms let it void every trade on the account and cancel the profits if it believes the account is being abused.

IC Markets Global Spreads, Commissions and Fees

The accounts page gives an average EUR/USD spread of 0.1 pips on Raw Spread, which adds 7.00 USD per lot round turn, while on Standard the cost is built into a spread from 0.8 pips. IC says it charges no deposit, withdrawal or inactivity fees. Banks and card providers may still charge their own fees, and paying in a currency other than the account's base currency can bring conversion costs (clause 16.3). The Terms also let IC deduct fees a client owes, including credit card fees (clause 13.3(b)), provide for a monthly platform access charge if IC specifies one (clause 13.2(d)), and allow fee changes to take effect immediately once published on its website where no notice period applies (clause 17.7).

IC Markets Global Leverage

Leverage goes up to 1:5000 on the MetaTrader accounts and 1:1000 on cTrader Raw Spread, and the help centre gives a range of 1:1 to 1:5000. For Raw Pro and Raw Pro+, the comparison table shows 1:5000 while their early-access page says up to 1:1000. IC states that its leverage is dynamic and may change at any time, and that such changes may affect open positions and margin requirements.

IC Markets Global Trading Platforms

IC offers MetaTrader 5, which its menu marks as recommended, MetaTrader 4, cTrader and TradingView. MetaTrader runs on Windows, Mac, the web, iPhone and iPad, and Android, and cTrader runs on the same devices and adds cTrader Algo and cTrader Copy. TradingView trading works only with the cTrader Raw Spread account.

IC also has two apps of its own: the IC mobile app for trading, funding and document checks, and IC Social, a copy and social trading app linked to a MetaTrader 4 account. It offers the Signal Start copy service and links to ZuluTrade, which is owned and run by Zulu Trade Ltd rather than by IC.

IC Markets Global Deposits and Withdrawals

The funding page lists 14 options in ten base currencies (its headline says over 15), including Visa and Mastercard, bank wire, PayPal, Neteller, Skrill, crypto (BTC, ETH, USDC and USDT), UnionPay, Bpay, POLI, Klarna, Rapidpay, broker-to-broker transfers and local internet banking in Thailand and Vietnam. FasaPay is named in the help centre but not on the funding page. Card, e-wallet and crypto deposits are instant, while an international wire takes 2 to 5 business days according to the funding page and three to five working days according to the help centre.

Withdrawals are requested in the Secure Client Area and confirmed by email, and requests received before 12:00 AEST/AEDT are normally processed the same business day. After processing, the withdrawal page says e-wallets are credited instantly, crypto within about 2 hours, local bank transfers in 1 to 2 business days, international transfers in 2 to 14 business days and card refunds in 3 to 5 business days (up to 10 in rare cases), while the help centre says to allow at least 3 business days. Funds normally return to the deposit method, and payments to or from third parties are refused. IC's AML policy reserves the right to delay any withdrawal that needs further review, and its order execution policy treats a withdrawal requested while the instrument being traded is closed as an abuse of negative balance protection, for which IC may end platform access and recover losses.

IC Markets Global Support

IC advertises support 24 hours a day, seven days a week, by live chat, phone and email, while the Seychelles office hours on its contact page read Monday to Saturday 07:00 to 07:00 AEDT and Sunday to Friday 22:00 to 22:00 GMT. The main number is +248 467 19 76, with local lines for Thailand, Indonesia, Colombia and Vietnam, and support@ic.com handles both support and complaints. A complaint IC does not resolve can be referred to the Financial Commission within 30 days of IC's decision (clause 3.6).

IC Markets Global Pros and Cons

Pros:

• Raw spreads from 0.0 pips with a 7.00 USD round-turn commission, or a commission-free Standard account.
• No minimum deposit on Raw Spread, cTrader Raw Spread and Standard.
• A wide platform choice: MetaTrader 4 and 5, cTrader, TradingView and IC's own apps.
• Raw Trading Ltd's FSA listing and its Seychelles company registration were both confirmed in October 2026.

Cons:

• Accounts on ic.com rest on a Seychelles licence with no compensation scheme; the group's ASIC and CySEC licences belong to other companies.
• The Terms let IC refuse scalping orders, void trades, withhold profits and alter closing prices, and cap its liability at four times the trading costs of a trade.
• Clients bear any negative balance, and the advertised 1,000,000 USD insurance is a single limit shared by all claimants.
• The broker's own pages disagree on Raw Pro leverage, the number of accounts, withdrawal times and FasaPay.

IC Markets Global Review and Assessment

IC Markets Global offers low trading costs and a broad platform choice through Raw Trading Ltd, a Seychelles securities dealer. The point that matters most before funding an account is that an ic.com client signs with the Seychelles company rather than the group's Australian or EU firms, under terms that give IC wide discretion over trades, profits and complaints.