IC Trading
ECN/STP Broker — IC Markets Group · Independent Review
Score Breakdown
Quick Summary
| Broker | IC Trading (ictrading.com) |
| Legal Name | Capital Point Trading Ltd |
| Parent Group | Raw Trading Ltd — same group as IC Markets |
| Founded | Part of IC Markets Group (est. 2007) — global offshore arm |
| Type | ECN/STP CFD & Forex Broker |
| Regulation | FSC Mauritius — Licence: GB21026834 |
| Min Deposit | $200 |
| Max Leverage | 1:500 (selected markets) |
| Avg EUR/USD Spread | 0.1 pips (Raw Spread accounts) |
| Commission | From $0 (Standard) | $3.50/lot/side (Raw MT4/MT5) | $3.00/100k (cTrader) |
| Instruments | 2,850+ — Forex, Stocks, Indices, Crypto, Commodities, Bonds |
| Platforms | MT4, MT5, cTrader, AutoChartist, TradingCentral |
| Payment Methods | PayPal, Neteller, Visa, Mastercard, Debit/Credit Card, Wire Transfer |
| Base Currencies | 10 — USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
| Withdrawal Fees | None (except $20 wire transfer fee) |
| Execution Speed | <40ms average — True ECN connectivity |
| Algo Trading (EAs) | ✅ Fully supported on MT4, MT5, cTrader |
| Copy Trading | ❌ Not available (unlike IC Markets) |
| Scalping | ✅ Fully allowed |
| Hedging | ✅ Allowed |
| News Trading | ✅ Allowed |
| Islamic Account | ✅ Swap-Free available on request |
| Free VPS | ✅ For algo/automated traders |
| Demo Accounts | Up to 20 demo + 10 live accounts simultaneously |
| Excluded Countries | USA, EU-regulated jurisdictions, select others |
Editorial Overview
IC Trading is the international/offshore arm of the IC Markets Group — operated by Capital Point Trading Ltd under FSC Mauritius regulation. While IC Markets serves clients in Australia and Europe under strict ASIC and CySEC licences, IC Trading exists to serve the rest of the world: international traders who want the same institutional-grade conditions but with higher leverage and fewer geographic restrictions.
The infrastructure is identical to IC Markets. The same True ECN architecture aggregates liquidity from up to 50 institutional providers — major banks, hedge funds, and dark pool venues — delivering sub-40ms execution with no dealing desk, no re-quotes, and no price manipulation. The average EUR/USD spread on a Raw Spread account is 0.1 pips, making IC Trading one of the most cost-competitive brokers available to international traders.
For the PropFirmStats audience, IC Trading is the natural "live account" destination after passing a prop challenge. The Raw Spread account mirrors the execution environment used by most prop firms — tight spreads, fast fills, full EA support, and no dealing desk interference. Traders coming from FXIFY, FundingPips, or FundedNext will feel immediately at home.
Platform support is excellent: MT4, MT5, and cTrader are all available, complemented by AutoChartist pattern recognition and TradingCentral analyst signals built in. Unlike IC Markets, TradingView integration and copy trading (IC Social, ZuluTrade) are not available — a notable gap for those who rely on those tools.
The key trade-off is regulatory. FSC Mauritius is an offshore licence — it enables 1:500 leverage and global coverage, but provides significantly fewer investor protections than ASIC or CySEC. No AFCA membership, no negative balance protection guarantee, no ICF compensation coverage. Experienced traders who understand these trade-offs will find IC Trading compelling. Beginners should prioritise IC Markets or a Tier-1 broker instead.
Pros & Cons
✅ Pros
- Part of the trusted IC Markets Group — same Raw Trading Ltd umbrella
- 0.0 pip raw spreads — 0.1 pip average EUR/USD on Raw accounts
- 2,850+ tradeable instruments across all major asset classes
- <40ms average execution speed with True ECN connectivity
- Liquidity from up to 50 institutional providers — no dealing desk
- MT4, MT5, cTrader + AutoChartist and TradingCentral built-in
- Up to 10 live + 20 demo accounts per client — great for multi-strategy
- Up to 1:500 leverage (far higher than EU/AU IC Markets caps of 1:30)
- Fast, fully digital account opening — typically takes minutes
- Free VPS hosting for automated and algorithmic traders
- Instant deposits via PayPal, Neteller, Visa/Mastercard — zero fee
- Islamic swap-free accounts available on request
❌ Cons
- Only FSC Mauritius regulated — a 'red-tier' offshore regulator with limited investor protection
- No social or copy trading — IC Social and ZuluTrade not available (unlike IC Markets)
- Customer support is inconsistent — slow live chat response times reported
- Educational resources are weak — relies on users visiting IC Markets website
- Not available to US, Canadian, and most EU-jurisdiction residents
- $200 minimum deposit — higher than some competitors offering $0
- Bank wire withdrawals carry a $20 fee — use e-wallets to avoid
- No real stock, ETF, or options trading — CFD products only