IC MARKETS COPY TRADING REVIEW 2026
IC Markets offers the tightest raw spreads in the industry with 2,250+ instruments and multiple copy trading options. Strong among active traders who prioritize execution speed and low costs.
OUR VERDICT
IC Markets delivers the tightest raw spreads in the industry with 0.02 pips average on EUR/USD and 2,250+ instruments. Four copy trading integrations give traders real choice. The missing FCA license is notable, and the EUR 200,000 CySEC fine in July 2024 plus an ongoing Australian class-action lawsuit are worth monitoring. For traders who prioritize execution speed and low costs over regulatory breadth, IC Markets remains one of the strongest options available.
DETAILED SCORES
Trust & Regulation
85ASIC + CySEC regulated. No FCA license despite accepting UK clients. CySEC fined EUR 200,000 (July 2024). Australian class-action ongoing.
Copy Trading
88Four integrations: IC Social (Pelican), cTrader Copy, ZuluTrade, Signal Start. cTrader Copy unavailable in AU/EU.
Fees & Spreads
96Raw spreads from 0.02 pips avg EUR/USD. $7 RT on MT4/MT5, $6 RT on cTrader. No inactivity fee.
Platform & UX
92MT4, MT5, cTrader, TradingView. No proprietary platform but strong multi-platform support.
Asset Selection
942,250+ instruments (up to 3,583 across entities). 61 forex pairs, 2,100+ stock CFDs, 21 crypto CFDs.
Customer Support
8824/7 live chat and email (response ~10 min). Phone support Sun-Fri. 15+ languages.
PROS
Ultra-Tight Raw Spreads
Average EUR/USD spread of 0.02 pips on Raw accounts. Volume rebates available at 100+ lots/month tiers.
Largest Instrument Range
2,250+ instruments including 2,100+ stock CFDs, 61 forex pairs, and 21 crypto CFDs. Up to 3,583 across all entities.
Four Copy Trading Options
IC Social (Pelican Exchange), cTrader Copy, ZuluTrade, and Signal Start. More integrations than most competitors.
Zero Inactivity Fee
No charges for dormant accounts. Funds stay in your account without erosion.
$1.357 Trillion Monthly Volume
One of the highest-volume retail brokers globally, indicating deep liquidity and fast execution.
CONS
No FCA License
Accepts UK clients but has no FCA authorization. The FCA warned in October 2024 about IC Markets Global providing services without authorization.
CySEC Fine (July 2024)
IC Markets (EU) Ltd fined EUR 200,000 over alleged leverage-limit violations. A compliance concern.
Australian Class-Action Lawsuit
Ongoing class-action alleging IC Markets failed to adequately assess clients before allowing CFD trading. IC Markets denies the claims.
Not Publicly Traded
Does not disclose annual financial statements. Less transparency than publicly listed brokers like eToro.
COMPANY HISTORY
International Capital Markets Pty Ltd founded in Sydney
ASIC license (AFSL 335692) granted
IC Markets (EU) Ltd receives CySEC license (362/18)
CySEC fine EUR 200,000; FCA warning issued; Australian class-action filed
Formula 1 partnership with MoneyGram Haas F1 Team; $1.357T monthly volume
READY TO START?
Open an account with IC Markets today and start copy trading with as little as $200.
Risk Warning: CFDs are complex instruments with high risk of losing money rapidly due to leverage. 67-84% of retail investor accounts lose money when trading CFDs.