I’ve been looking at IC Markets lately and I keep seeing mixed reviews everywhere. Some people say it’s solid, others claim the spreads widen during news or that support takes forever. The problem is I can’t tell which reviews are real and which ones are just trying to sell me something.
I’m trying to figure out if IC Markets is actually trustworthy for my trading style before I fund an account. What I really want to know is: have any of you actually traded there long enough to judge if it’s reliable? And when you factor in the spreads plus commissions, does it make sense cost-wise, especially with rebates?
I’m curious about your honest take - what convinced you to stay or what made you leave?
IC Markets is solid for execution if you’re using ECN accounts. The spreads on majors average around 0.5-1.2 pips depending on market conditions, which is competitive. Where most traders stumble is underestimating their total cost. Spread plus commission minus rebate is your real number. With GlobeGain rebates factored in, you’re looking at a net cost that often beats STP brokers charging lower headline spreads. Support responds within 24 hours usually, sometimes faster for account issues. The platform stability during news has been reliable in my testing, though like any broker, extreme volatility can cause temporary slippage. Start small and track your costs for a week before going full size.
Traded with IC Markets for about two years now. The first few months felt risky because I wasn’t sure about execution quality, but once I committed to tracking my actual costs instead of trusting the numbers on their website, things made more sense.
Their MT4 platform runs smooth most days. During major economic news (NFP, central bank decisions), spreads definitely widen, but that’s normal everywhere. The real win was setting up rebates through GlobeGain - saved me probably 10-15% on commissions over a year.
Customer support has been fine when I needed them. Never had a withdrawal issue. My main critique is that their website documentation could be clearer about account types and fee structures.
IC Markets works. Spreads fair during normal times.
I’ve been using IC Markets for about eighteen months and honestly, it’s been a good experience overall. The main thing I’d say is that you need to look past the basic marketing - the real value is in calculating your total cost after rebates.
I tested them with small positions first, which helped me understand how their execution actually works in practice. The platform is stable, and withdrawals have always been smooth for me.
Most traders there seem fine with it. Spreads are okay but not amazing.
Support responds but sometimes takes a day.
The withdrawal process has been straightforward each time I’ve used it. No delays or strange requirements. That’s honestly one thing that made me stick with them - you know the money will arrive when it’s supposed to.
Thing I noticed: if you’re doing multiple trades per week, the rebate accumulation actually adds up fast. By month three or four, it became noticeable in my profit calculations. That wasn’t obvious at first, but it matters more than people think.