IC Markets broker review
IC Markets is an Australia-headquartered ECN broker founded in 2007. Known for ultra-tight raw spreads (~0.1 pip EUR/USD), institutional liquidity providers, and ASIC regulation. Preferred by scalpers and algorithmic traders who care more about execution quality than minimum deposit.
Estimated · auto-credited by IC Markets
Key facts
Regulators
IC Markets is regulated by:
Licensing applies to the regulators above, not worldwide. Check local rules before you trade.
What we like
- Raw ECN spreads — ~0.1 pip EUR/USD (one of the tightest in industry)
- ASIC-regulated AU entity adds trust
- Deep institutional liquidity — good for scalping/EAs
- Multiple platforms (MT4, MT5, cTrader, TradingView)
What to watch
- $200 minimum deposit — higher than discount brokers
- No USDT withdrawal — bank/card only
- Spreads are raw but commission per round-turn ~$7
How IC Markets cashback works with PipGap
You sign up to IC Markets through PipGap's referral link. IC Markets pays an IB commission on every lot you trade, and 70% of that commission is credited directly into your IC Markets account by the broker — PipGap never touches your money. Broker auto-credits cashback to your trading account daily. PipGap is not an active IB partner yet — cashback math is an estimate. Withdraw via bank, card (no native USDT — withdraw via wire/local rails). Your spread and commission with IC Markets stay the same — cashback is purely additional.
Get 70% cashback on every IC Markets trade
Sign up through PipGap. Cashback activates automatically.
Sign up at IC Markets → Compare with other brokers