Latest updated information about IC Markets
Reviewed broker: IC Markets
Regulation: FSA is the financial services regulator in Seychelles
Other entities of the group include:
International Capital Markets Pty Ltd with registration number 123 289 109, is regulated by the Australian Securities and Investments Commission with License No. 335692.
IC Markets (EU) Ltd is a limited company registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission with License No. 362/18.
IC Markets Ltd, registered in The Bahamas with registration number 76823 C, is regulated by the Securities Commission of The Bahamas with License No. SIA-F214.
Trading Conditions and Features
Trading instruments: Currency pairs, CFDs and Crypto
Maximum leverage up to 500:1
Segregated accounts: yes. Segregated trust accounts with Westpac and National Australia Bank (NAB).
Key factors that help IC Markets achieve the lowest spreads worldwide is the brokers:
- Direct access to liquidity including 50+ banks and dark pool providers
- No dealing desk execution with no spread markups on trades
- Leading-edge Electronic Communication Network (ECN) technology setup
- High trading volume
Average Spreads on Standard Account:
- AUDUSD Australian Dollar vs United States Dollar 1.22
- EURUSD Euro vs United States Dollar 1.77
- GBPUSD British Pound vs United States Dollar 1.28
- USDCAD United States Dollar vs Canadian Dollar 1.22
- USDCHF United States Dollar vs Swiss Franc 1.23
- USDJPY United States Dollar vs Japanese Yen 1.14
- NZDUSD New Zealand Dollar vs United States Dollar 1.38
IC Markets offer the highest leverage level of up to 500:1 from its offshore FSA regulatory division in the Seychelles. This leverage varies across the broker’s 65 currency pairs and other CFDs (such as cryptocurrencies). The brokers offshore branch offers the following leverage:
- Forex, gold and commodities 500:1
- Indices, futures and bonds 200:1
- Shares 20:1
- Cryptocurrency 5:1
Guaranteed Stop-Loss Orders
A guaranteed stop loss order such as that offered by IC Markets is when you can pre-set the maximum amount your willing to lose on an individual trade. Regardless of market conditions, this predetermined entry or exit price selected is guaranteed with no chance of slippage.
This differs from icmarkets.com stop-loss order facility, which allows a trader to set the maximum loss. But in high volatility environments, losses may exceed this amount.
Negative Balance Protection
IC Markets provide an advanced margin call facility that detects when a trader is approaching a $0 balance and exits the trader automatically. The key issue is that in extreme market events (i.e. the floating of the Swiss Franc) this software may not have the ability to exit the market fast. This can lead to losses exceeding deposits, and the Australian forex broker may request for the outstanding debt to be paid.