Your capital is at risk.
IC Trading Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $200
- MT4
- MT5
- FSC
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $200
- MT4
- MT5
- FSC
Our Evaluation of IC Trading
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
IC Trading is a moderate-risk broker with the TU Overall Score of 6.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IC Trading clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
IC Trading is a reliable broker with a wide range of trading services and access to various markets. It is suitable for both experienced traders and beginners, but potential clients should carefully review account conditions and fees before starting trading.
Brief Look at IC Trading
IC Trading is a brokerage firm specializing in providing trading services in the Forex and CFD markets. IC Trading is authorized and regulated by the Financial Services Commission of Mauritius (FSC) with license number GB21026834.
IC Trading holds client funds in separate trust accounts at Westpac and National Australia Bank (NAB). All client funds are managed following client money handling rules and kept separate from IC Trading company funds.
- A wide range of assets for trading: CFDs on Forex, indices, commodities, stocks, bonds, futures, and cryptocurrencies;
- Reliable trading platforms such as WebTrader, MetaTrader, and ZuluTrade, are available for both desktop and mobile devices;
- Fast order execution and low spreads, starting from 0 pips on some accounts;
- Multiple timeframes for price action and pattern analysis;
- Adjustable settings for technical indicators.
- Possible commissions for depositing and withdrawing funds, depending on the chosen transaction method;
- The minimum deposit required to open an account may be higher than average;
- No option for opening PAMM-type accounts for investment.
TU Expert Advice
Financial expert and analyst at Traders Union
IC Trading offers trading CFDs in Forex and provides traders with some of the lowest spreads starting from 0.0 pips. This is an excellent trading environment that provides good income for both beginners and professionals. Servers located in the NY4 data center eliminate delays, ensuring that all transactions and trades are processed quickly, which is important for effective trading.
IC Trading offers 3 types of accounts: Standard, Raw Spread, and Islamic. The Standard account has no fees, but the spread is 0.8 pips. This type of account is perfect for discretionary traders. Raw Spread features narrow spreads of 0.0 pips, but a fee of $3.5 is charged for each trade. The initial deposit is also $200. This account is suitable for scalpers and experts. The Islamic (swap-free) account is designed for users who cannot earn or pay interest due to their religious beliefs. For each account, IC Trading offers 61 currency pairs, trading with micro-lots (0.01), index CFD trading, stop out levels, and 200 positional orders per account.
The broker has a demo account so that traders can test the service. For transparent cooperation, the broker has provided additional information about spreads, commissions, and other expenses on its website. Detailed trading account conditions can be clarified with the support team specialists.
IC Trading Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. IC Trading and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | МТ4 (desktop, mobile, web), МТ5 (desktop, mobile, web) |
|---|---|
| 📊 Accounts: | Demo, Standard, Raw Spread |
| 💰 Account currency: | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF |
| 💵 Replenishment / Withdrawal: | Credit and debit cards, PayPal, Neteller, bank transfers, Broker to Broker |
| 🚀 Minimum deposit: | From $200 |
| ⚖️ Leverage: | 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.0 pips |
| 🔧 Instruments: | Forex CFDs (61), indices (25), stocks (2100+), commodities (24), bonds (9), cryptocurrencies (21) |
| 💹 Margin Call / Stop Out: | 50% |
| 🏛 Liquidity provider: | Yes |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Equinix NY4 server, average execution speed under 40 ms |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | Yes, including rebates from Traders Union |
IC Trading offers clients over 2,250 trading instruments, classic MetaTrader platforms, and the ability to trade micro-lots. Traders receive raw spreads from 0.0 pips. Potential clients can test trading conditions on demo accounts. Muslim traders have access to trading on Islamic accounts.
IC Trading Key Parameters Evaluation
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Trading Account Opening
To start working with IC Trading, create a user account and open a trading account. The brief instructions are as follows:
On the main page of the website, go to the registration form by clicking the "Start Trading" button and enter the requested data. Before the registration process is considered complete, the trader must upload copies of certain documents. The platform will require photo identification with personal details (name, date of birth, address).
The broker may ask additional questions to ensure the security and protection of the platform from dishonest users. The broker may inquire about the user's trading experience, investment goals, or sources of funding.
Select an account type: Standard (suitable for beginners) or Raw Spread (narrow spreads, plus $3.50 fee). Then make the minimum deposit of $200 for any account.
Functions of the IC Trading user account:
Also available in the trader's user account:
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Economic calendar: Important news and events affecting the markets;
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Trade strategy planning: Analytical materials, market news, technical analysis, and educational articles;
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Adjustment of trading conditions: Leverage, stop loss and take profit, margin call levels;
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Market quotes: Forex, stocks, indices, bonds, and real-time prices.
Regulation and safety
IC Trading is regulated by the Financial Services Commission of Mauritius (FSC), which adheres to strict capital requirements following the regulations of the country's jurisdiction. License number: GB21026834. The FSC requires its licensees to demonstrate compliance with the requirements outlined in the legislative framework. IC Trading, together with an independent auditor, ensures compliance with the legislation. Raw Trading (Mauritius) Ltd holds license number GB21026834.
Advantages
- All client funds are held in separate trust accounts at leading international banks. IC Trading does not use these funds for any operational expenses or purposes
- Technical support and website operation 24/7
- A wide range of electronic payment systems for depositing and withdrawing funds, including Skrill
Disadvantages
- A deposit of $200 is required to open an account
- Deposit and withdrawal of funds are not possible without passing verification
- Does not cooperate with representatives from the USA, Brazil, Canada, Israel, New Zealand, Japan, Iran, or North Korea
Commissions and fees
The Raw Spread account has a commission of $3.5 per lot per side. Micro-lots also incur a fee, for example, for an account in euros, it is €0.06 per turn.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $0.08 | No |
| Raw Spread | $7 per lot | No |
Swaps depend on the instrument and the current market situation. Traders Union analysts compared the average trading fee size of IC Trading, RoboForex, and Pocket Option. The comparative results are presented in the form of the below table.
| Broker | Average commission | Level |
|---|---|---|
|
$7 | |
|
$1 | |
|
$8.5 |
Account types
IC Trading offers 3 account types, including Islamic, for MetaTrader platforms, adapted to different trading strategies and styles. The maximum leverage for retail clients is 1:500. The minimum deposit amount for all account types is $200.
Account Types:
Demo accounts are available for all platforms. IC Trading is a reliable broker that provides its clients with all the necessary tools for successful CFD trading.
Deposit and Withdrawal
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Request submission deadline is noon GMT. Requests submitted before this time are processed on the day of receipt. Requests submitted later are processed on the next business day;
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Commissions: IC Trading does not charge fees, but they may be incurred depending on the bank;
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Withdrawals to Visa/Mastercard credit/debit cards are free, and take up to 3-5 business days (up to 10 in rare cases);
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Withdrawal to Fasapay account via a bank transfer (fees may apply), may require 3-5 business days. A confirming copy of the bank statement is required for the first withdrawal;
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If the withdrawal amount exceeds the deposit from the card, another deposit method or bank transfer should be used. If a card expires, add the new card to the user account and attach a card replacement certificate;
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Loss/theft/blocking/damage of the card: a document confirming the invalidity of the card should be attached.
Investment Options
IC Trading uses the popular social trading platform ZuluTrade. With it, investors who are accustomed to copying trades of experienced market participants instead of trading independently can connect to this platform.
ZuluTrade ranks signal providers by analyzing their overall effectiveness, stability, maturity, accessibility, and minimum required capital. This tool allows users to assess potential profits or losses on their accounts, as well as strategies and performance.
ZuluTrade is a solution for passive income
ZuluTrade is one of the most popular strategies for earning. Thanks to the account protection feature, the system continuously monitors traders' performance and intervenes when necessary to protect users' invested capital. Features include:
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Ease of use: no need to have trading experience to use ZuluTrade;
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Access to various strategies: users can copy the actions of traders with different strategies and risk levels;
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Portfolio diversification when copying multiple traders;
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Automation: no need to constantly monitor the market, ZuluTrade will automatically copy trades.
Blue Chip Stock Baskets at IC Trading:
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S&P 200 (Australia);
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FTSE 100 (UK);
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E-mini S&P 500 (USA);
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DJIA (USA).
Conditions: spreads from 0.4 pips, no fee, leverage up to 1:200.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Rebate for trading at IC Trading
Traders Union offers partial rebates that traders receive for each trade made at IC Trading. To save on brokerage fees, register on the Traders Union website. Then, the user needs to open an account with the broker through the TU referral link. After completing these simple steps, they will receive partial rebates for spread fees for all their trades, regardless of the outcomes.
Customer support
Support operators are on call 24 hours a day, 7 days a week.
Advantages
- In the online chat, you can ask a question without being a client of the company
- Support via email is available
Disadvantages
- Support is available only in English
- To ask a question, you need to provide your details
The broker provides the following communication channels:
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phone (specified in the Contact Us section);
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email;
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online chat on the website and in the user account;
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feedback form.
Even an unregistered user can get an answer to their question.
Contacts
| Registration address | Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, 11328, Port Louis, Mauritius |
|---|---|
| Regulation |
FSC
Licence number: GB21026834 |
| Official site | https://ictrading.com/ |
| Contacts |
+23 080 2049 0079
|
Education
The official IC Trading website provides useful education information. The only option for gaining knowledge for novice traders is to study brief guides on trading various Forex assets and CFDs.
The broker does not offer cent accounts, so the simplest way to apply the acquired knowledge is to practice on a demo account.
Comparison of IC Trading with other Brokers
| IC Trading | RoboForex | Pocket Option | Exness | FxGlory | 4XC | |
| Trading platform |
MT4, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5 | MT5, MT4, WebTrader |
| Min deposit | $200 | $10 | $5 | $10 | $1 | $50 |
| Leverage |
From 1:1 to 1:50 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | 8.00% | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 2 points | From 0 points |
| Level of margin call / stop out |
50% / No | 60% / 40% | 30% / 50% | No / 60% | 20% / 10% | 100% / 50% |
| Execution of orders | Equinix NY4 server | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of IC Trading
IC Trading builds its work on providing traders with the most advantageous spreads, regardless of market fluctuations.
IC Trading uses modern trading technologies, such as market depth (DoM), built-in spread monitoring, ladder system trading, and automatic order closure using special order templates. The broker's trading applications for iPhone and Android are optimized for trading 24/7.
Clients can open trades from 1 micro lot (1,000 units of the base currency) to 200 lots (20 million base currency) via the broker's bridge.
Traders have access to standard, Islamic, Raw Spread, and demo accounts.
IC Trading by the numbers:
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Over $29 billion in currency transactions processed daily;
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Access to more than 2100+ instruments;
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Average trade execution speed is about 35 milliseconds on currency pairs.
IC Trading is a broker with narrow spreads and favorable trading conditions.
In addition to standard accounts, IC Trading offers a Raw Spread account with the lowest spreads, starting from 0.0. Thanks to deep liquidity and fast execution, the IC Trading Raw Spread account is suitable for day traders, scalpers, and expert advisors. Company clients can trade currency pairs, cryptocurrencies, as well as CFDs on stocks, indices, Forex currencies, bonds, and commodities.
The broker offers MetaTrader 4 and 5 trading platforms, as well as MT iOS/Android and MT Mac. Executable streaming prices (ESP) are provided by the IC Trading pricing provider so that clients can trade without manually dealing, price manipulation, or re-quotes. For passive investors, the broker offers the ZuluTrade social trading platform.
Useful functions of IC Trading:
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Forex calculator. Users can select the necessary currency pairs and trade size to calculate pip prices. The tool also helps to calculate margins, swaps, and income;
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Currency converter. Helps with calculating the cost of conversions;
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Glossary of Terms. Users can find all the necessary information about precise terminology and professional expressions; especially convenient for beginners;
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Trading schedule for all available assets. This tool provides traders with information about the trading hours for all instruments available on the IC Trading platform, including currency pairs, metals, CFDs on indices, cryptocurrencies, stocks, and bonds.
Advantages:
7 asset classes available for trading;
All client funds are held in separate trust accounts in leading international banks;
Narrow spreads (starting from 0.0 pips);
Popular social trading platform ZuluTrade available for investors;
The broker provides free analytics and online tools to enhance trading quality;
Standard, Islamic, demo, and Raw Spread accounts are available to all clients, regardless of the deposit size.
User Satisfaction