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IC Markets Review

Raw ECN spreads and deep liquidity
★★★★★★★★★★ 4.8 / 5
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Trading involves risk of loss
XAUUSD spread0.12
Min deposit$200
Max leverage1:500
Founded2007
Rating4.8/5

Overview

IC Markets is an Australian-founded ECN broker (2007) widely used by high-volume and algorithmic traders. It aggregates deep liquidity and is known for consistently tight raw spreads and low-latency execution.

Pros

  • Raw ECN spreads on gold from around 0.12 plus commission
  • Deep liquidity suited to scalping and EAs
  • ASIC and CySEC regulation
  • Fast execution with servers in Equinix NY4/LD5
  • No dealing-desk conflict on raw accounts

Cons

  • $200 minimum deposit is higher than some rivals
  • Not available to US clients
  • Support can be slower at peak times

Gold (XAUUSD) trading conditions

The Raw Spread account shows XAUUSD from roughly 0.12 with a round-turn commission, which is excellent for active gold traders. Execution quality is a core strength, with low slippage in normal markets thanks to its liquidity setup.

Key facts

Regulation
ASIC, CySEC, FSA (Seychelles)
Platforms
MetaTrader 4, MetaTrader 5 and cTrader, plus TradingView integration.
Account types
Standard (spread-only) and Raw Spread (commission) on MT4/MT5 and cTrader.
Deposits
Cards, bank transfer, PayPal, Skrill, Neteller and more, with no deposit fees on most methods.

Verdict

One of the best choices for serious, high-volume gold traders and EA users who value raw spreads and execution. Best for scalpers and algo traders outside the US.

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Disclaimer: This review is editorial and for information only, not investment advice. The rating reflects our assessment of regulation, cost, execution and reputation. Spreads are indicative and can change. The link above may be a partner link. Trading forex and gold on leverage carries a high risk of losing money; always confirm the broker accepts your country and check your local regulator first.