Overall, IC Markets gives you access to forex, indices, metals, crypto, and more, with transparent pricing across all platforms. You’ll find three account types, reliable platforms, and over 2,000 products.
It suits traders who already know what they need and prefer to focus on pricing, conditions, and execution.
- Louis Schoeman
Updated : May 22, 2025
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 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Basic Company Info: Where Is IC Markets Based and How to Contact Them?
| 🔍Category | 🌎Details |
| 🏦Singapore Office Address | IC Markets does not have a physical office in Singapore. |
| 📧Email Support | [email protected] |
| 📞Phone Support (Singapore) | No local line. Use international support: +61 (0)2 8014 4280 |
| 💬Live Chat | Available 24/7 via the IC Markets website |
| ⏱️Customer Support Hours | 24/7 live support (email, chat, phone) |
| ⏳Office Operating Hours | Monday to Saturday, 07:00 – 07:00 AEST (24-hour service) |
| 🌐Official Website | https://www.icmarkets.com / |
| 🚀 Sign up | Open Account |
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How Safe Are My Funds With IC Markets?
Your funds are extremely safe with IC Markets. IC Markets accepts traders in Singapore, but it does not hold a licence from the Monetary Authority of Singapore (MAS).
Instead, Singaporean accounts are opened under Raw Trading Ltd, which is regulated offshore by the Seychelles Financial Services Authority (FSA). This is the default entity for most international clients outside the UK, EU, or Australia.
| Regulator / Authority | Region / Country | License / Registration No. | Status / Description |
| Seychelles Financial Services Authority (FSA) | Seychelles | Licence No. SD018, Company No. 8419879-2 | Regulates Raw Trading Ltd, used for Singapore-based traders. Offshore regulation. Client funds are held in segregated trust accounts. |
| Australian Securities and Investments Commission (ASIC) | Australia | AFS Licence No. 335692, ACN 123289109 | Regulates International Capital Markets Pty Ltd. Applies to Australian residents only. High-tier oversight. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | CIF Licence No. 362/18 | Regulates IC Markets (EU) Ltd. Applies to EU-based clients. Includes investor compensation up to €20,000. |
| Securities Commission of The Bahamas (SCB) | Bahamas | Licence No. SIA-F214, Company No. 76823 C | Oversees IC Markets Ltd (Bahamas). Used for some international clients. Offshore status. |
| Capital Markets Authority (CMA) | Kenya | Licence No. 199 | Regulates IC Markets (KE) Ltd. Local licence applies only to traders in Kenya. Not relevant to Singapore. |
Is IC Markets regulated?
Yes, IC Markets is regulated by numerous financial agencies, providing traders with additional protection.
How often are the trading servers monitored for security?
IC Markets’ trading systems are monitored around the clock to guarantee optimal uptime and security.
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
What IC Markets Accounts Are Available for Singapore Traders?
| 🔍Live Account | 💴Minimum Dep. | 🚀 Sign up | 💵Commissions | 💶Leverage |
| Standard (MetaTrader) | $200 | Open Account | None | Up to 1:1000 |
| Raw Spread (MetaTrader) | $200 | Open Account | $3.50 per lot, per side | Up to 1:1000 |
| Raw Spread (cTrader) | $200 | Open Account | $3.00 per $100k, per side | Up to 1:1000 |
cTrader Account
| 🔍Account Feature | 🌟 Value |
| 📊Trading Platform | cTrader |
| 💵Commission | $3 per side and $6 per round turn |
| 📝Typical Average Spreads | 0.0 pips |
| 💴Minimum Deposit Requirement | 270 SGD ($200) |
| 📈Leverage | 1:500 |
| ⬆️Maximum positions per account | 2,000 lots |
| 📌Server Location | London |
| 🫴🏻 Is micro-trading allowed? | Yes |
| 💶Currency Pairs | 64 |
| ✏️Index CFD Trading | Yes |
| 🛑 Stop-out | 50% |
| 💻One-Click Trading offered? | Yes |
| ☪️Islamic Accounts | Yes |
| 👉Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic strategies, etc. |
| 🗣️Programming Language | C# |
| 🎀Suitable for | Day traders, scalpers, active traders |
| 🆓 Is a Demo Account offered? | Yes |
| 🚀Sign up | Open Account |
Raw Spread Account
| 🔍Account Feature | 🌟 Value |
| 📊Trading Platform | MetaTrader 4 and 5 |
| 💵Commission | $3.5 per side and $7 per round turn |
| 📝Typical Average Spreads | 0.0 pips |
| 💴Minimum Deposit Requirement | 270 SGD ($200) |
| 📈Leverage | 1:500 |
| ⬆️Maximum positions per account | 200 lots |
| 📌Server Location | New York |
| 🫴🏻 Is micro-trading allowed? | Yes |
| 💶Currency Pairs | 64 |
| ✏️Index CFD Trading | Yes |
| 🛑 Stop-out | 50% |
| 💻One-Click Trading offered? | Yes |
| ☪️Islamic Accounts | Yes |
| 👉Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic trading, etc. |
| 🗣️Programming Language | MQL4 |
| 🎀Suitable for | Expert advisers, scalpers, |
| 🆓 Is a Demo Account offered? | Yes |
| 🚀Sign up | Open Account |
Standard Account
| 🔍Account Feature | 🌟 Value |
| 📊Trading Platform | MetaTrader 4 and 5 |
| 💵Commission | None |
| 📝Typical Average Spreads | 0.6 pips |
| 💴Minimum Deposit Requirement | 270 SGD ($200) |
| 📈Leverage | 1:500 |
| ⬆️Maximum positions per account | 200 lots |
| 📌Server Location | New York |
| 🫴🏻 Is micro-trading allowed? | Yes |
| 💶Currency Pairs | 64 |
| ✏️Index CFD Trading | Yes |
| 🛑 Stop-out | 50% |
| 💻One-Click Trading offered? | Yes |
| ☪️Islamic Accounts | Yes |
| 👉Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic trading, etc. |
| 🗣️Programming Language | MQL4 |
| 🎀Suitable for | Discretionary Traders |
| 🆓 Is a Demo Account offered? | Yes |
| 🚀Sign up | Open Account |
Demo Account
| 🔍Account Feature | 🌟 Value |
| 📊Trading Platform | MetaTrader 4, MetaTrader 5, cTrader |
| 🛠️ Features | Real-market conditions, full platform access, stays active with regular logins |
| 🏆 Best For | Traders testing setups, comparing platforms, or getting used to IC Markets tools |
| 🚀Sign up | Open Account |
Islamic Account
| 🔍Account Feature | 🌟 Value |
| 📊Trading Platform | MetaTrader 4, MetaTrader 5, cTrader |
| 📉 Spread Pips | From 0.0 pips on Raw, from 0.8 pips on Standard |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Markets Offered | Forex, indices, metals, crypto, commodities |
| 🏆 Best For | Traders who require a swap-free setup that meets Islamic finance principles |
| ✅ Advantages | No interest charged on overnight positions, same pricing and platform access as standard accounts |
| 🚀Sign up | Open Account |
Are swap-free accounts available?
Yes, IC Markets provides swap-free Islamic accounts and Sharia-compliant.
Can I have multiple trading accounts?
Yes, IC Markets enables traders to manage several trading accounts with a single login.
How to Open an Account Step-by-Step
To open an account with IC Markets, Singaporeans can follow these steps:
Step 1: Go to the official website and click on “Start Trading” or “Open Account”
Step 2: Complete the online registration form
This form needs your personal information, including your name, email address, and phone number. Ensure that all information given is correct and up to date.
Step 3: Wait for confirmation from IC Markets
IC Markets will request that you authenticate your identity to comply with regulatory obligations. This step entails submitting papers like a government-issued ID and proof of residence (such as a utility bill or bank statement).
Once your materials have been submitted, IC Markets will assess your application. This procedure typically takes approximately a day. You will be notified once your account is authorized and available for use.
- After you have activated your account, go to your IC Markets Client Area and deposit money. To avoid converting expenses, use a deposit method that supports SGD. Bank transfers, credit/debit cards, and e-wallets like PayPal are all accepted methods. To finish the deposit, follow the on-screen instructions.
- You are now ready to trade after funding your account. You may start trading using IC Markets’ trading platforms.
IC Markets vs OANDA vs Hankotrade – Broker Comparison
| 🔍Broker | 🥇IC Markets | 🥈OANDA | 🥉Hankotrade |
| ⌛Regulation | ASIC, CySEC, FSA, SCB | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC | None |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 OANDA Platform FxTrade | MetaTrader 4 MetaTrader 5 |
| 💷Withdrawal Fee | None | Yes, bank wire | None |
| 🔢Demo Account | Yes | Yes | Yes |
| 💴Min Deposit | 270 SGD | 0 SGD | 13 SGD |
| 📈Leverage | 1:500 | 1:888 | 1:500 |
| 📝Spread | From 0.0 pips | From 0.1 pips | From 0.0 pips |
| 💵Commissions | From $3 to $3.5 | From $35 | From $2 per $100,000 |
| 🛑Margin Call/Stop-Out | 100%/50% | 100%/ 50% | M: 70% S/O: 20% |
| 🧑⚖️Order Execution | Market | Market | Market |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | None | None | None |
| 🗂️Account Types | cTrader Account Raw Spread Account Standard Account | Standard Account Core Account Swap-Free Account Premium Account Premium Core Account | STP ECN ECN Plus |
| 🫴🏻 MAS Regulation | None | Yes | None |
| 💷SGD Deposits | None | Yes | None |
| 🗂️SGD Account | None | Yes | None |
| ⏰Customer Service Hours | 24/7 | 24/5 | 24/5 |
| ➡️Retail Investor Accounts | 3 | 3 | 3 |
| ☪️Islamic Account | Yes | Yes | Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | Unlimited | 1,000 lots | Unknown |
| 🕰️Minimum Withdrawal Time | Instant | 1 business day | Instant |
| ⏰Maximum Estimated Withdrawal Time | Up to 14 business days | 2 – 5 Working Days | Instant |
| 💳Instant Deposits and Instant Withdrawals? | Yes, on PayPal, Neteller, and Skrill | Yes, Deposits | Yes |
| 🚀Sign up | Open Account | Open Account | Open Account |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
What Platforms Can You Trade on With IC Markets?
You can trade with IC Markets using cTrader, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and three copy trading options — Signal Start, ZuluTrade, and IC Social.
There’s also a VPS service for traders using automated strategies. All platforms are available to Singapore-based traders across both Raw and Standard account types.
MetaTrader 4
MT4 is fully supported by IC Markets across all account types. Execution is handled via the NY4 Equinix data centre, with raw pricing sourced from multiple providers.
Key Features
- Supports Expert Advisors (EAs) and automated strategies.
- No trading restrictions or order distance limits.
- Access to tools like Autochartist and MultiTerminal.
- Spreads from 0.0 pips with sub-millisecond latency.
Best for traders who rely on EAs, automated systems, or want a reliable platform with global reach
MetaTrader 5
MT5 is a more modern platform, with expanded features and a broader product range.
Key Features
- Multi-asset access including forex, stocks, bonds, and commodities.
- Advanced order management tools and an improved strategy tester.
- Depth of market (DOM) with Level II pricing.
- Full support for MQL5-based Expert Advisors and indicators.
Best for traders who want improved analytics, broader market coverage, and flexible automation tools.
cTrader
cTrader is available for desktop, web, and mobile, and works well with IC Markets’ raw pricing and institutional liquidity.
Key Features
- Level II pricing and full market depth display.
- One-click trading with adjustable stop-loss and take-profit tools.
- Detachable charts and custom layout options.
- Access to raw spreads with an average EUR/USD of around 0.1 pips.
Best for traders who want advanced charting, depth of market, and low-latency execution in a clean layout.
TradingView
IC Markets supports direct trading through TradingView, connected via the cTrader backend.
Key Features
- 110+ charting tools and 15+ chart types.
- Built-in strategy tester and script development tools.
- Fully customisable layouts across desktop and mobile.
- One-click trading with real-time execution.
Best for traders who prioritise technical analysis and want execution within their charts.
Signal Start
Signal Start allows you to copy trades from verified signal providers directly into your IC Markets account.
Key Features
- Fully hosted service — no software setup needed.
- Compatible with MetaTrader 4 and 5 accounts.
- In-platform analytics via Myfxbook integration.
- Access from any device, including mobile.
Best for traders who want to follow strategies without managing them manually.
ZuluTrade
ZuluTrade lets you follow professional traders and automatically mirror their trades in your account.
Key Features
- Trader rankings using the proprietary ZuluRank system.
- ZuluGuard protects your account by monitoring risk in real time.
- Simulation tool to preview potential performance.
- Full mobile access, including app and widget support.
Best for traders who want copy trading with performance safeguards and strategy filtering
IC Markets VPS
The VPS service supports automated trading and 24/7 uptime with low-latency access to trading servers.
Key Features
- Located near IC Markets’ NY4 servers for minimal delay.
- Works with MetaTrader 4 and 5, with custom setup options.
- Three tiers based on monthly trading volume.
- Can be accessed via standard remote desktop connection.
Best for traders using Expert Advisors or strategies that need continuous execution.
Is an IC Markets web-based platform available?
Yes, web-based versions of trading platforms are accessible to people who do not want to download software.
Can I customize the IC Markets trading interface?
Yes, the platforms provide customizable interfaces to meet your trading needs.
Available Assets on IC Markets
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Singaporean Traders Should Be Familiar With This Type |
| 🏦 Forex CFD | 61 currency pairs, covering majors, minors, and exotics. Tight spreads and high leverage make it suitable for short- and long-term positions. | USD/SGD, AUD/SGD, SGD/JPY, EUR/USD, GBP/JPY | Local currency pairs are widely traded for hedging and speculation. Singapore-based traders often monitor USD and regional pairs for cross-border strategies. |
| 📊 Indices CFD | Trade major indices across the US, Europe, and Asia-Pacific with no commission. Available 24/5 with spreads from 0.4 points. | US500, USTEC, CHINA50, CHINAH, HK50, JP225 | Singapore-based portfolios are usually diversified internationally. Regional indices offer exposure to familiar markets, while US indices remain popular due to tech-heavy focus. |
| 🛢️ Commodities CFD | Trade spot or futures-based commodities. Includes energy, metals, and softs. Flexible sizing and up to 1:1000 leverage. | XBRUSD (Brent), XNGUSD (Natural Gas), XAUUSD (Gold), XTIUSD (WTI) | Singapore is a key global energy trading hub. Brent, gas, and gold are frequently traded for macro views, portfolio hedging, or volatility plays. |
| 📈 Stocks CFD | Trade over 2,100 stock CFDs from the US and Australia. Long or short positions with dividend adjustments and leverage up to 1:20. | Nvidia, Amazon, Tesla (NASDAQ); Siemens (Xetra); HSBC (LSE) | Singaporean traders follow global equities closely, especially US tech and European multinationals. |
| 📉 Bonds CFD | Access government bond CFDs from major economies. No commissions, with up to 1:200 leverage. | UST10Y, UST30Y, JGB10Y, EURBUND | Bonds are popular among institutional and macro-focused traders in Singapore. USTs and JGBs influence regional flows, Forex markets, and interest rate outlooks. |
| 🚀 Crypto CFD | Trade 21 major cryptocurrencies without using a crypto wallet. Available 7 days a week with leverage. | BTCUSD, ETHUSD, BNBUSD, DOTUSD, UNIUSD | Singapore has a strong crypto presence. Traders often speculate on leading coins and blockchain projects linked to the local fintech ecosystem. |
| 📆 Futures CFD | Futures-based CFDs on volatility, currency strength, and key commodities. No commissions. Available only on MT4. | DXY_U5, VIX_N5, WTI_Q5, BRENT_U5, GCQ25 | DXY and VIX are frequently tracked by Singapore traders managing macro exposure. Oil and gold futures remain highly relevant due to Singapore’s role in regional commodity trading. |
Is cryptocurrency trading available with IC Markets?
Yes, you can trade cryptocurrencies like Bitcoin and Ethereum.
Is futures trading available with IC Markets?
Yes, you can trade futures contracts for various commodities and indexes.
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How Much Does It Cost to Trade With IC Markets?
Most of IC Markets’ charges are tied directly to the trades you place, like spreads, commissions, or overnight swaps.
Spreads
Spreads are tight across the board. On Raw accounts, they start from 0.0 pips and remain among the lowest in the industry. Standard accounts wrap the trading cost into the spread, with no commission.
Here’s what that looks like on Forex:
| Pair | Raw Spread (Min) | Raw Spread (Avg) | Standard Spread (Min) | Standard Spread (Avg) |
| EUR/USD | 0.0 pips | 0.02 pips | 0.8 pips | 0.82 pips |
| GBP/USD | 0.0 pips | 0.23 pips | 0.8 pips | 1.03 pips |
| USD/JPY | 0.0 pips | 0.14 pips | 0.8 pips | 0.94 pips |
| USD/CAD | 0.0 pips | 0.25 pips | 0.8 pips | 1.05 pips |
| AUD/USD | 0.0 pips | 0.03 pips | 0.8 pips | 0.83 pips |
| USD/CHF | 0.0 pips | 0.19 pips | 0.8 pips | 0.99 pips |
Commissions
IC Markets only charges commissions on Raw Spread accounts, and only on forex and metals. The fee depends on your platform and account currency.
MetaTrader 4/5 Commissions (Raw Spread Account)
When you use MetaTrader, this is the commission structure charged by IC Markets:
- USD: $3.50 per side → $7 round trip.
- GBP: £2.75 per side → £5.50 round turn.
- EUR: €3.25 per side → €6.50 round trip.
- AUD: A$4.50 per side → A$9 round trip.
- JPY: ¥550 per side → ¥1,100 round turn.
cTrader & TradingView (Raw only)
- $3.00 per $100,000 traded (each way).
- Total = $6.00 round-trip per $100k.
- Auto-converted to your base currency.
- Adjusted based on exact trade size.
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overnight Fees or Swaps
Holding a position past market close will mean that you either pay or earn interest, depending on what you trade and which direction the trade is in. These charges are applied daily, and they change with market conditions.
- Tripled on Wednesdays (standard industry practice).
- Varies by instrument, trade size, and direction.
- Always shown in your trading terminal before you commit.
Islamic accounts skip the interest, but replace it with a daily holding fee. It’s fixed, not percentage-based, and applied after a 5-day grace period on most instruments (exceptions apply).
Currency Conversion Fees
Trade in one currency, deposit in another, and a conversion fee applies. The cost reflects the live interbank rate, and IC Markets passes it through automatically.
Inactivity Fees
If you fail to log in or trade for 24 months (2 years), an inactivity fee will be triggered. The cost is $10 per month, deducted automatically until you log back in or your account balance is zero.
Are there any account maintenance fees?
IC Markets does not levy account maintenance fees.
Are commissions charged on trades?
Commissions are levied on Raw Spread accounts but not Standard accounts.
How Do IC Markets Deposits and Withdrawals Work?
IC Markets offers over a dozen payment options to fund and withdraw from your trading account, including PayPal, credit/debit cards, Neteller, Skrill, and local bank transfers.
Here’s a quick breakdown of methods, currencies, and processing details:
| Method | Accepted Currencies | Deposit Time | Withdrawal Notes |
| Credit / Debit Card | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | Instant | 3–5 business days (can take up to 10), refund up to deposit only |
| PayPal | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant | Same PayPal account, usually instant after processing |
| Neteller | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant | Must withdraw to same Neteller account |
| Skrill | AUD, USD, JPY, EUR, SGD, GBP | Instant | Same Skrill account, processed instantly |
| UnionPay | RMB | Instant | Withdrawals likely via bank wire (not specified) |
| Bank Wire Transfer | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | 2–5 business days | Up to 14 days; possible intermediary fees |
| Bpay | AUD | 12–48 hours | No extra fees within Australia |
| Broker to Broker | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF, HKD | 2–5 business days | Up to 14 days |
| POLi | AUD | Instant | 2 to 3 working days |
| Thai Internet Banking | USD | 15–30 minutes | 3 to 5 working days |
| Rapidpay | EUR, GBP | Up to 2 business days | Withdrawals via bank transfer |
| Klarna | EUR, GBP | Up to 2 business days | Withdrawals via bank transfer |
| Vietnamese Banking | USD | Instant | Bank statement required for withdrawal |
How to Deposit Funds to IC Markets
- Log in to the Client Area; this is where all deposits must be initiated.
- Choose your funding method. Popular choices in Singapore include PayPal, Skrill, Neteller, credit/debit card, and SGD-denominated bank wire.
- Pick your account currency. If you choose SGD as your base, you’ll avoid conversion fees entirely.
- Follow the prompts.
How to Withdraw Funds with IC Markets
- All withdrawal requests go through the same secure Client Area.
- IC Markets always prioritises refunds to the original deposit method. For example:
- Credit/Debit Card: You’ll get refunded up to the deposit amount first.
- PayPal: You must withdraw to the same PayPal account.
- Anything beyond the original deposit (profits or excess funds) is returned via bank wire or your most recent e-wallet.
- First-time bank withdrawals require that you upload a bank statement showing your name and account number.
- If you use local banks in Singapore, withdrawals typically land within 3–5 business days, though international delays can stretch that to 10 days.
How long do deposits take to reflect?
Most payment options allow quick deposits; however, bank transfers may take longer.
Is account verification required for withdrawals?
Yes, you must validate your account before making a withdrawal.
IC Markets Education and Trading Tools for Singapore Traders
| Tool | Description | Purpose for Traders |
| 📺 Web TV | Short, market-focused updates filmed directly from the NYSE. | Handy for Singapore traders who want quick insights on US or global sentiment. |
| 📚 Forex & CFD Education | Clear and practical explanations of FX, leverage, CFD usage, and market dynamics. | Useful for those who need to understand day-to-day mechanics without wasting time. |
| 🎓 Video Tutorials | Focused walk-throughs covering platform setup, order types, and trading workflows. | InstantIdeal for setting up platforms or getting past common technical stumbling blocks. |
| 🎧 Podcasts | Expert-led sessions on macro trends, market psychology, and geopolitics. | Helps traders in Singapore connect global shifts to market opportunities. |
| 📅 Economic Calendar & News | Global macro calendar and region-specific FX news updates. | Key for those trading around MAS statements, Fed releases, or China-related prints. |
| 🧠 Trading Central | Chart-driven analytics and automated strategy tools inside the platform. | Useful for trade confirmation, idea generation, and visual pattern spotting. |
| 📈 Trading Calculators | Includes pip, margin, commission, swap, and currency tools. | Singaporeans trading multiple asset classes benefit from precise cost calculations. |
| 💡 IC Insights (TipRanks) | Analyst ratings, sentiment breakdowns, price targets, and news impact filters. | Helps spot high-conviction setups or avoid trades with weak institutional backing. |
| 📓 Forex Glossary | Trader-focused definitions no jargon, no fluff. | Good for brushing up on terms during strategy tweaks or when exploring new assets. |
| 🛠️ Remote Technical Support | Direct help via TeamViewer for platform issues or setup troubleshooting. | Saves time for traders who’d rather be in a trade than chasing IT fixes. |
| 🧮 Advanced Trading Tools | Includes correlation tools, alarm manager, tick charts, stealth orders, session maps, etc. | Built for those managing several positions or trading during APAC + London overlap. |
| 📰 Blog & Market Commentary | Regular updates covering technical setups, macro themes, earnings moves, and sentiment. | Lets traders keep tabs on what’s moving and why without having to trawl Twitter. |
| 💬 Webinars | Focused on current setups, trading psychology, and event-driven reactions. | Ideal for Singapore traders who want insight into global reactions before the open. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Does IC Markets Offer Bonuses in Singapore?
IC Markets doesn’t offer sign-up bonuses in Singapore. What they offer is a rebate system called Raw Trader Plus, tied to trading volume. If you trade higher volumes on Forex or metals, you can earn commission rebates, but it’s performance-based, not promotional.
| Feature | Details |
| 📌 Programme Name | Raw Trader Plus |
| 📈 Eligibility | Live account holders trading 100+ standard lots per month (Forex or metals only) |
| 💵 Rebate Structure | 100+ lots/month = $1.50 per lot, 1,000+ = $2.25, 2,000+ = $2.50 |
| 🔁 Payout Frequency | Daily (credited automatically once thresholds are met) |
| 🕒 Ongoing Requirement | Maintain volume for 3 consecutive months to keep your rebate tier |
| 💻 VPS Hosting Access | Included for qualifying Raw Trader Plus members |
| 🤝 Client Relations Support | Dedicated account manager support for strategy questions, tracking, or setup help |
| 📝 How to Join | Email [email protected] and request enrolment |
IC Markets Introducing Broker and Affiliate Options
IC Markets offers partnership routes to Singapore-based professionals to expand beyond their trades.
Multi-Account Manager (MAM)
For Singapore-based money managers who want to handle multiple client accounts without manually entering the same trade across each, MAM is the setup.
- Trades are placed from one master MT4 account and automatically distributed across client accounts.
- Allocation methods include equity, lot size, percentage, or risk-based.
- Fund managers must show a verified 12-month track record and have at least five active clients.
- You’ll need to be based outside the UK, EEA, and Japan, but Singapore qualifies.
PAMM – Percentage Allocation Money Management
PAMM accounts are for managers in Singapore who prefer pooled funds rather than individually managed portfolios.
- Client capital is combined into one investment pot.
- Profits (or losses) are proportionally split based on contribution.
- Like MAM, you’ll need to fund a $50,000 minimum from five clients and present a 12-month history.
- The setup is ideal for managers looking to simplify backend work.
Multi-Level Program
This suits Singaporeans building teams of traders or running educational communities.
- You can refer IBs under you and earn commission on their clients’ trading activity.
- Real-time tracking and flexible payout options (USD, SGD, GBP, etc.) are included.
- Scale potential is significant—your income grows with your downline.
- Useful for trading educators, signal providers, or brokers operating in Singapore.
Introducing Broker (IB) Program
This is the go-to model if you’re referring individuals directly.
- Earn commissions on every trade your client makes, with increasing payouts based on volume.
- A custom partner dashboard lets you track signups, activity, and commissions.
- Marketing tools include banners, widgets, and more, localised if needed.
- Commissions are paid daily, weekly, or monthly. No restrictions on where your clients come from, so long as they’re with IC Markets Global.
What marketing tools are available with IC Markets?
Affiliates may access banners, landing pages, and tracking links.
Is the IC Markets affiliate program available globally?
Yes, the affiliate program is open to partners worldwide.
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Customer Support
| 🫴🏻 Customer Support | 👥IC Markets Customer Support |
| ⏰Operating Hours | 24 hours a day, 6 days a week (Sunday 22:00 GMT to Friday 22:00 GMT). Covers Asia-Pacific hours, including Singapore. |
| 👤Support Languages | English is standard. Other languages available depending on region and department contacted. |
| 🗣️Live Chat | Yes. Available via the IC Markets website—typically connects within 30 seconds. Staffed round-the-clock Monday to Saturday. |
| 💻Email Address | Multiple contacts depending on your query: Client Relations: [email protected], General Support: [email protected], Accounts: [email protected], Marketing: [email protected] |
| 📝 Message & Call-Back Option | Singapore-based traders can fill in a request form via the official website. Callback or email response is usually same-day if submitted during Singapore business hours. |
| ☎️Telephonic Support | No direct Singapore line, but the global desk is responsive: General: +248 467 19 76 (international rates apply), Alternatively, request a call-back via the contact form |
| 4️⃣The overall quality of IC Markets Support | Response times are decent: live chat in under a minute, emails typically handled within a few hours. Staff understand trading queries. Multi-department setup means you speak to the right team. |
IC Markets Industry Recognition and Achievements
IC Markets has picked up its fair share of silverware over the years, especially across Asia-Pacific. These are industry awards that speak to what traders care about: cost, execution, and reliability.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Raw Trader Plus | Awarded by TradingView. Voted by users across Asia-Pacific, highlighting IC Markets’ platform stability and trader satisfaction. |
| 2025 | Live account holders trading 100+ standard lots per month (Forex or metals only) | From FXEmpire. Cited for having some of the tightest spreads in the industry of note to scalpers and high-frequency traders. |
| 2024 | 100+ lots/month = $1.50 per lot, 1,000+ = $2.25, 2,000+ = $2.50 | Presented by Followme. Covered overall product strength, service level, and trade execution. |
| 2024 | Best MetaTrader Broker | Named in ForexBrokers.com rankings for how well IC Markets integrates MT4 and MT5 especially for execution quality and custom toolsets. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Final Thoughts: Is IC Markets a Good Broker?
Yes, IC Markets is a strong broker if you care about pricing, platform range, and trade execution.
There’s no MAS licence, and the regulatory oversight is offshore. However, fund segregation, access to raw pricing, and a proven platform variety make it a good choice for traders who know the tools.
Spreads on Raw accounts are tight, the commission fees are low, and the rebate programme rewards those trading high volumes. The $200 minimum deposit might be high for casual traders, but it’s perfect for serious ones who want to get the most from a well-regulated, flexible broker.
IC Markets suits scalpers and algorithmic traders the best, making it an ideal option for Singaporeans who target highly volatile markets.
Key Advantages and Drawbacks of IC Markets
| 🟢 Pros | 🔴 Cons |
| Spreads from 0.0 pips on Raw accounts across forex, metals, and indices | Not regulated by MAS, operates under offshore Seychelles entity |
| Over 2,100 CFDs including USD/SGD, CHINA50, US tech stocks, and global crypto | No SGD base currency accounts — most users default to USD |
| Commission from $3 per $100k on cTrader and $3.50 per lot on MetaTrader Raw | Minimum deposit fixed at $200 — not flexible for small-scale or casual users |
| VPS hosting for EA traders with low-latency NY4 server access | Islamic account holders face daily fixed holding fees after five days |
| VPS hosting for EA traders with low-latency NY4 server access | Currency conversion charges apply if deposit and base currencies differ |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Review Detailed Summary
| 🏦Headquartered | Sydney, Australia |
| 🌎Global Offices | Australia |
| 🌐 Local Market Regulators in Singapore | Monetary Authority of Singapore (MAS) |
| 📌Foreign Direct Investment in Singapore | 195 billion USD (2022) |
| 🚩Foreign Exchange Reserves in Singapore | 461.1 billion SGD (November 2023) |
| ➡️Local office in Singapore? | None |
| 👤Governor of SEC in Singapore | None, the chairman of the MAS is Lawrence Wong |
| 🫴🏻 Accepts Singapore Traders? | Yes |
| 🔢 Year Founded | 2007 |
| ☎️Singapore Office Contact Number | None |
| 📱Social Media Platforms | Facebook X |
| 1️⃣Tier-1 Licenses | Australian Securities and Investments Commission (ASIC) |
| 2️⃣Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) |
| 3️⃣Tier-3 Licenses | Financial Services Authority (FSA) Securities Commission of the Bahamas (SCB) |
| 🔢 License Number | Seychelles – SD018 Australia – AFSL 335692 Cyprus – 362/18 Bahamas – SIA-F214 |
| ⌛MAS Regulation | None |
| ❌Regional Restrictions | United States, Canada, Iran, Yemen, and OFAC countries |
| ☪️Islamic Account | Yes |
| 🆓 Demo Account | Yes |
| 🔁 Non-expiring Demo | Yes, if it remains active |
| 📆 Demo Duration | Unlimited, but will close after 30 days of inactivity |
| 🗂️Retail Investor Accounts | 3 |
| 🌟 PAMM Accounts | Yes |
| 💧Liquidity Providers | 25 |
| 🤝Affiliate Program | Yes |
| 🧑⚖️Order Execution | Market |
| 👉OCO Orders | None |
| 💻One-Click Trading | Yes |
| ✴️Scalping | Yes |
| 🛎️Hedging | Yes |
| 🗣️Expert Advisors | Yes |
| 📰 News Trading | Yes |
| 🎈Trading API | Yes |
| 1️⃣Starting spread | From 0.0 pips |
| 💴Minimum Commission per Trade | From $3 to $3.5 |
| ⚙️Decimal Pricing | 5th decimal pricing after the comma |
| ➡️Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| ⬇️Minimum Trade Size | 0.01 lots |
| ⬆️Maximum Trade Size | Unlimited |
| 💰Crypto trading offered? | Yes |
| 🫴🏻 Offers an SGD Account? | None |
| 👤Dedicated Singaporean Account Manager? | None |
| 📈Maximum Leverage | 1:500 |
| ❌Leverage Restrictions for Singaporeans? | None |
| 💴Minimum Deposit (SGD) | 270 SGD ($200) |
| 💵Deposit Currencies | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD |
| 🗂️SGD Deposits Allowed? | None |
| 💶Account Base Currency | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD |
| 👥Active Singaporean Trader Stats | 50,000+ |
| 👴🏻Active Singapore-based IC Markets customers | Unknown |
| 📆 Singapore Daily Forex Turnover | 1.2 million SGD |
| 💳Deposit and Withdrawal Options | Credit Card Debit Card PayPal Neteller Neteller VIP Skrill UnionPay Bank Wire Transfer Bpay FasaPay Broker to Broker POLi Thai Internet Banking Vietnamese Internet Banking Rapidpay Klarna |
| ⏰Minimum Withdrawal Time | Instant |
| ⏱️Maximum Estimated Withdrawal Time | Up to 14 business days |
| ✔️Instant Deposits and Instant Withdrawals? | Yes, on PayPal, Neteller, and Skrill |
| 🗂️Segregated Accounts with Singaporean Banks? | None |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader IC Social Signal Start ZuluTrade |
| ⌚Trading Platform Time | UTC +03:00 |
| 🧐 Observe DST Change | Yes |
| 🕰️DST Change Time zone | Eastern Standard Time (EST) |
| 🛢️Tradable Assets | Forex Commodities Indices Bonds Cryptocurrencies Stocks Futures |
| 🫴🏻 Offers USD/SGD currency pair? | Yes |
| 🌟 USD/SGD Average Spread | 0.2 pips (Raw Spread) |
| 📉Offers Singapore Stocks and CFDs | None |
| 🌎Languages supported on the Website | English, Spanish, Russian, Thai, Malay, Vietnamese, Italian, Portuguese, and several others |
| 🗣️Customer Support Languages | Multilingual |
| 👥Copy Trading Support | Yes |
| ⏰Customer Service Hours | 24/7 |
| 📌Singapore-based customer support? | None |
| 🎁Bonuses and Promotions for Singaporean Traders | None |
| 🎓Education for Singaporean beginners | Yes |
| 💻Proprietary trading software | Yes |
| 🎀Most Successful Trader in Singapore | Chew Wei Xiang (±$70 million assets under management) |
| 😷Is IC Markets a safe broker for Singaporean Traders? | Yes |
| 9️⃣Rating for IC Markets Singapore | 9/10 |
| 🔢 Trust score for IC Markets Singapore | 86% |
| 🚀Open an Account | Open Account |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Sources Used in This IC Markets Review
Frequently Asked Questions
What can I trade with IC Markets in Singapore?
You can trade forex CFDs on commodities, indices, and stocks with IC Markets Singapore.
What account types does IC Markets offer in Singapore?
IC Markets has three account categories in Singapore: Raw Spread, Standard, and cTrader.
Does IC Markets have Nasdaq 100?
Yes, the Nasdaq 100 is one of IC Markets’ 2,000 CFDs that may be traded on MT4, MT5, and cTrader.
What are the minimum deposit requirements in Singapore?
The minimum deposit for Raw Spread and Standard accounts is SGD270.
Does IC Markets charge withdrawal fees in Singapore?
No, IC Markets does not impose withdrawal fees for most methods; however, third-party costs may apply.
Is IC Markets Safe or a Scam?
Yes, the Nasdaq 100 is one of IC Markets’ 2,000 CFDs that may be traded on MT4, MT5, and cTrader.
Can I use SGD to fund my IC Markets account in Singapore?
Yes, you may deposit and withdraw money in SGD in various ways, including bank transfers, credit/debit cards, and e-wallets.
What platforms does IC Markets offer in Singapore?
IC Markets provides the popular MetaTrader 4, 5, and cTrader systems.
Is IC Markets regulated?
Yes, multiple regulatory bodies regulate IC Markets’ activities, including the SCB, CySEC, FSA, and ASIC.
Is IC Markets good for beginners in Singapore?
Yes, IC Markets provides various instructional tools, including webinars, eBooks, and video tutorials in English and other languages.
How long does it take to withdraw from IC Markets?
Depending on the technique, withdrawal might occur instantly or take up to 14 days.
Does IC Markets provide educational resources in Singapore?
IC Markets has minimal spreads and beginner-friendly features, but CFDs are high-risk. Singaporean traders must consider beginning with a demo account and getting expert help.
Does IC Markets have VIX 75?
Yes, the Volatility 75 is accessible via IC Markets, enabling Singaporeans to diversify their investments.
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