IC Markets review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
IC Markets keeps running costs down, with no internal deposit fees and an inactivity fee of $0. It suits experienced day traders trading forex and contracts for difference who want to choose their platform. The $200 minimum suits a working balance, not a small first account.
Key facts
- Best for
- Experienced traders who want low account running costs, a wide market list and freedom to pick their own trading platform.
- Minimum deposit
- $200↗
- Inactivity fee
- $0↗
- Markets
- Stocks, Forex, CFDs, Futures, Crypto, Bonds↗
- Regulators
- SIPC↗
- Investor protection
- SIPC up to USD 500,000↗
- Deposit and withdrawal fees
- No internal deposit fees↗
- Platforms
- MetaTrader 4, MetaTrader 5, CTrader, TradingView, WebTrader, IC Social↗
- Legal entity
- RB INTERNATIONAL MARKETS (USA) LLC↗
- Features
- Demo account, Copy trading, Mobile app
- Pricing model
- Low fees
- Audience
- Experienced traders, Day traders
- Official website
- icmarkets.com
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- No internal deposit or withdrawal fees, per No internal deposit fees
- An inactivity fee of $0, so a dormant balance is not charged
- A low-fee model per low fees, across a stocks, forex and cfds list covering forex, contracts for difference, crypto, stocks, futures and bonds
- Demo account, copy trading and mobile app all listed on demo account, copy trading and mobile app
Cons
- The minimum deposit of $200 sits above the €0.88 minimum across the site, so a small opening balance goes further
- Protection stops at SIPC up to USD 500,000 through SIPC, the only entry on SIPC
- The experienced and day traders audience and the MetaTrader 4, MetaTrader 5 and cTrader platform list both point to self-directed traders, so a novice has a steep start
Ready to try IC Markets?
Scored 9.0 / 10 by SumCue.
Who it suits
- Experienced day traders running active forex and contract for difference accounts
- Traders who want to choose their own platform from the MetaTrader 4, MetaTrader 5 and cTrader list
- Anyone who trades often enough to prefer No internal deposit fees and $0 over a low entry deposit
Who should look elsewhere
- A beginner with a small first balance, since the $200 minimum sits above the €0.88 minimum across the site while CFI opens at $0
- Anyone after a bank account rather than a trading venue: bunq is a bank with a €10 minimum, not a broker with the stocks, forex and cfds list here
- Readers shopping for credit outside trading: Fiesta Credito MX sits under CONDUSEF and is not a trading account
Fees and FX
Moving money in and out is what active traders check early, and IC Markets lists No internal deposit fees, so a transfer is not charged on its side. The inactivity fee is $0, so a paused account is not billed for sitting still. The entry point is a minimum deposit of $200, above the €0.88 minimum across the site.
The company behind it
The account is held by RB INTERNATIONAL MARKETS (USA) LLC, the legal entity named on RB INTERNATIONAL MARKETS (USA) LLC. That entity appears on the SIPC member list, and the protection recorded is SIPC up to USD 500,000. SIPC is the only entry on SIPC, so the cover described is what that scheme provides. The licence record is SIPC member 71021, which ties the entity to its membership.
How IC Markets compares
9.0 vs 9.4
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9.0 vs 9.0
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9.0 vs 9.1
9.0 vs 9.0
9.0 vs 9.0
9.0 vs 9.0
9.0 vs 9.0
9.0 vs 8.8
Where IC Markets is available
- Available
- Everywhere except United States
- Licence in United States
- SIPC (SIPC member 71021), checked September 26, 2026
Countries from the brand (checked September 26, 2026)
Frequently asked questions
What is the minimum deposit to open an account?+
The minimum deposit is $200. That is above the €0.88 minimum typical across the site, so the account suits traders funding a working balance rather than someone starting with a small sum.
Does IC Markets charge for inactivity?+
The inactivity fee is $0, and on that measure IC Markets sits at 1 of 56 brands compared. An account left open without trading is not charged for sitting there.
Are there fees to deposit or withdraw money?+
There are no internal deposit fees, per No internal deposit fees. That applies to moving money onto and off the account, and it removes one of the charges that usually eats into short-term trading returns.
How is my money protected?+
The account sits with RB INTERNATIONAL MARKETS (USA) LLC, named on RB INTERNATIONAL MARKETS (USA) LLC. Protection recorded for it is SIPC up to USD 500,000, and SIPC is the only regulator listed on SIPC, with membership under SIPC member 71021.
Which markets can I trade?+
The market list covers forex, contracts for difference, crypto, stocks, futures and bonds, per stocks, forex and cfds. The mix leans towards leveraged products rather than a simple share dealing list, which fits an active trading style.
Which platforms and apps are available?+
Trading runs through the list on MetaTrader 4, MetaTrader 5 and cTrader, which includes MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader and IC Social. On demo account, copy trading and mobile app there is also a demo account, copy trading and a mobile app.
Who is this broker built for?+
It is aimed at the audience on experienced and day traders, so experienced traders and day traders. The platform list on MetaTrader 4, MetaTrader 5 and cTrader and the low-fee model on low fees both point the same way, towards active, self-directed accounts.
What is the overall score on SumCue?+
IC Markets scores 4.7 out of ten overall, with the cost part of that score at 4.7. There are 3 alternatives listed alongside it for comparison.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Investor protection, Legal entity, Regulators, Licences
“reportingFileNumber=68761; name=RB INTERNATIONAL MARKETS (USA) LLC”
- fxranking.com/broker-reviews/ic-markets-review/fees checked September 26, 2026
Backs: Minimum deposit
“The minimum deposit to open an account with IC Markets is $200”
- hercules-finance.com/icmarkets-report-spread-swap-cost-fu... checked September 26, 2026
Backs: Deposit and withdrawal fees, Inactivity fee
“No internal deposit fees”
- ic.com/en checked September 26, 2026
Backs: Audience, Features, Platforms
“Trade with a high-performance trading platform”
- ic.com/en/trading-pricing/spreads checked September 26, 2026
Backs: Markets, Pricing model
“Forex CFDs | Commodities CFDs | Indices CFDs | Bonds CFDs | Cryptocurrency CFDs | Stocks CFDs | Futures CFDs”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Stock trade fee, Account fee, Retail accounts that lose money.
IC Markets
Experienced traders who want low account running costs, a wide market list and freedom to pick their own trading platform.