IC Trading review

Spread from

0.0 pips

EUR/USD spread

Approx. 0.1 pips, Raw Spread

GBP/USD spread

Approx. 0.3 pips, Raw Spread

Commission

$3.50 per side / $7 round turn, Raw Spread

All-in cost, EUR/USD

Approx. 0.8 pips

Spread type

Variable

Overnight swap

Both: overnight swaps may be charged or credited; triple swap Wednesday

Deposit fee

None internally

Withdrawal fee

Generally none internally; payment-provider/bank charges may apply

Currency conversion

Conversion at applicable exchange rate

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

IC Trading lists a minimum deposit of $200. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Stocks, Indices, Commodities, Metals, Energies, Cryptocurrencies, Bonds, Futures

Currency pairs

60+

Total instruments

2,850+

Crypto CFDs

Yes

Maximum leverage

1:500

Execution model

ECN-style / Raw pricing, liquidity-provider execution

Execution speed

Under 40ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop and platform-specific advanced orders

Servers

Equinix NY4 and LD5

Leverage up to 1:500 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

IC Trading covers forex, stocks, indices, commodities, metals, energies, cryptocurrencies, bonds, futures. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, paypal, skrill, neteller, cryptocurrency and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, cTrader, TradingView

Own platform

No

Mobile app

Third-party

Browser trading

Yes

Automated trading

Yes, MT4/MT5 Expert Advisors and cTrader automated trading

Copy trading

Yes

Indicators

30+ MT4, 38+ MT5, extensive cTrader/TradingView indicators and custom indicators

Third-party tools

MetaTrader 4, MetaTrader 5, cTrader, TradingView

API access

Yes, cTrader Open API/FIX and institutional connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

cTrader shows depth of market and level II pricing, and is usually paired with raw-spread accounts rather than fixed-spread ones.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Regulated by

Financial Services Commission of Mauritius (FSC), GB21026834

Regulator tier

Tier 2

Register entry

Mauritius FSC register, licence GB21026834

Client money segregated

Yes

Held at

Regulated banking institutions

Negative balance protection

Yes

Compensation scheme

No statutory investor compensation scheme

Audited by

Independent external auditor

Not available to

United States, Canada, Israel, New Zealand, Iran, North Korea and jurisdictions where services would contravene local law

Across a hundred brokers, the licence is what separates the field fastest.

IC Trading's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.

Check the licence yourself: the Mauritius FSC register of licensees.

Minimum deposit

$200

Account types

Standard, Raw Spread, Raw Spread cTrader, Islamic/Swap-Free, Demo

Account currencies

AUD, USD, EUR, GBP, SGD, NZD, JPY, CHF, CAD, HKD

Islamic account

Yes

Demo account

Yes

Professional account

Yes, high-volume/institutional services available

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

IC Trading runs 5 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: AUD, USD, EUR, GBP, SGD, NZD, JPY, CHF, CAD, HKD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Visa, Mastercard, bank transfer, PayPal, Skrill, Neteller, cryptocurrency and regional payment methods

Withdrawal methods

Bank transfer, cards, e-wallets and supported original funding methods

Deposit time

Many electronic methods instant; bank transfers typically 2-5 business days

Withdrawal time

Typically processed within 1 business day; settlement varies by method

Minimum withdrawal

$1 equivalent

Local payment methods

Country-specific bank transfers and regional electronic payment methods

Withdrawals are stated at Typically processed within 1 business day; settlement varies by method, against Many electronic methods instant; bank transfers typically 2-5 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards, e-wallets and supported original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $1 equivalent - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/7

Contact channels

Live chat, email, Help Centre

Languages

Multilingual

Telephone

+230 820 4900

Email

support@ictrading.com

Live chat response

Typically under 2 minutes

Education

Extensive: trading education, webinars, platform tutorials, articles, forex education and trading guides

Research

Market analysis, technical/fundamental commentary, trading calculators, market news and trading insights

Support runs 24/7. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, help centre. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: trading education, webinars, platform tutorials, articles, forex education and trading guides. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

Capital Point Trading Ltd

Company number

Mauritius Global Business Company

Headquarters

Mauritius

Founded

2022

Publicly listed

No

Parent company

Independent

Employees

Approx. 50-200

Also trades as

IC Trading

IC Trading is roughly 4 years old. Younger is not worse, but there is less public record to judge it on, so the licence and the protections carry proportionally more weight.

The contracting entity is Capital Point Trading Ltd. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.