IC Markets
Australia-headquartered broker offering ECN pricing with Raw Spread and Standard accounts. One of the highest-volume retail forex brokers globally.
BTI Score
61
Good Transparency
Last reviewed: February 10, 2026
IC Markets publishes an execution policy and regulatory documents. Public execution metrics and detailed order routing disclosure are not currently available on their website.
User Reviews
Reliable ECN execution
Tom H.
cTrader · FX
Tight spreads on Raw Spread account, fast fills most of the time. No issues with withdrawals. Would like to see more public execution data though -- hard to verify their claims independently.
Good overall, nothing extraordinary
Anna P.
MT5 · FX
Solid broker for everyday trading. Spreads are competitive, MT5 works well. I just wish they published more about how orders are actually routed -- the execution policy is fairly generic.
Decent but lacks transparency
Ryan M.
MT4 · FX
Trading conditions are fine. But when I asked support about their liquidity providers and order routing, they couldn't give specifics. For a broker claiming ECN execution, I expected more openness.
- ASIC (Australia)
- CySEC (Cyprus)
- FSA (Seychelles)
BTI scores reflect transparency of public disclosures as of the last review date and do not constitute an endorsement, recommendation, or guarantee of any broker's services. Trading forex and CFDs carries significant risk. Past disclosure practices do not guarantee future transparency.