Founded in 2007, International Capital Markets Pty Ltd (IC Markets) was established in Sydney and acquired an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC) in 2009. Today, IC Markets offers the suite of trading platform from MetaQuotes Software Corporation, including MetaTrader4 (MT4) and MetaTrader 5 (MT5), as well as the suite of cTrader platforms from SpotWare Systems. In addition to providing traders 63 forex pairs and 41 CFDs on indices, metals, cryptocurrencies and futures contracts on its available account types, IC Markets also provides social copy trading via Myfxbook and on the ZuluTrade platform. Trust Score Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry. Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of IC Markets. IC Markets Trust Score 69 Year Founded 2007 Publicly-Traded Company (Listed) No Regulated in Major Hub Yes Regulated in Emerging Hub No Authorised in the European Union No CFTC Registered (USA) No FCA Regulated (UK) No IIROC Authorised (Canada) No FINMA Authorised (Switzerland) No ASIC Authorised (Australia) Yes SFC Authorised (Hong Kong) No MAS Authorised (Singapore) No FSA Authorised (Japan) No FMA Authorised (New Zealand) No CySEC Authorised (Cyprus) No Offering of Investments The following table summarizes the different investment products available to IC Markets clients. IC Markets Minimum Initial Deposit $200 Currency Pairs (Total Forex pairs) 63 CFDs - Total Offered 41 Exchange Traded Securities: US No Exchange Traded Securities: International No Cryptocurrency traded as actual No Cryptocurrency traded as CFD Yes Commissions & Fees IC Markets offers three account types in which trading costs vary from commission-free (spread only) on the Standard account to commission-based pricing (spread + commission) on the True ECN and cTrader accounts. IC Markets also offers further discounts to traders that do over 100 standard lots per month, akin to an active trader offering. The cTrader account has about a tenth of a pip lower commission than the TrueECN account, making both accounts similar. The main difference is the platform that can be accessed. For example, the True ECN account, which uses MT4, charges $3.5 per side for every 100k units (1 standard lot) or $7.00 per round turn (RT), whereas on cTrader it is $3.0 per side or $6.00 per standard RT. IC Markets average spreads IC Markets lists its average spread on the EUR/USD at 0.1 pips, and after adding the commission equivalent of 0.6 pips on the cTrader account, the all-in costs would be 0.7 pips (or 0.8 on MT4) which is competitive. IC Markets also offers further discounts to traders that do over 100 standard lots per month, akin to an active trader offering. Meanwhile, the commission-free standard account has an average spread of 1.1 listed by IC Markets, making it a less attractive option compared to the other two commission-based account types.