Overall Score
Our Rating
9.2/10
Min. Deposit
$200
Spread From
0 pips
Max Leverage
1:500
Trading Features
- ✓ Spreads from 0 pips
- ✓ Leverage up to 1:500
- ✓ 232 Trading Instruments
Payment Methods
Deposit
- Bank Transfer
- Credit/Debit Cards
- Neteller
- Skrill
- Perfect Money
Withdrawal
- Bank Transfer
- Credit/Debit Cards
- Neteller
- Skrill
- Perfect Money
Safety & Regulation
- ✓ ASIC
- ✓ CySEC
- ✓ FSA
Detailed Ratings
Advantages
- ✓ Ultra-low spreads from 0.0 pips
- ✓ Fast execution speeds with ECN connectivity
- ✓ Regulated by top-tier authorities
- ✓ Wide range of trading instruments
- ✓ Multiple trading platforms available
- ✓ 24/7 customer support
Disadvantages
- ✕ Limited educational resources
- ✕ Complex account structure might confuse beginners
- ✕ High minimum deposit for some account types
Overview
IC Markets is a leading forex and CFD broker that has gained significant popularity among Nigerian traders. Founded in 2007, the broker has established itself as a reliable choice for both beginners and experienced traders.
Trading Platforms
IC Markets offers multiple trading platforms:
MetaTrader 4 (MT4)
- Industry-standard platform
- Extensive technical analysis tools
- Custom indicators and Expert Advisors (EAs)
MetaTrader 5 (MT5)
- Advanced charting capabilities
- More timeframes and order types
- Enhanced backtesting features
cTrader
- Modern interface
- Advanced order types
- Level II pricing
Account Types
-
Standard Account
- Minimum deposit: $200
- Spreads from 1.0 pips
- No commission
- Ideal for beginners
-
Raw Spread Account
- Minimum deposit: $500
- Spreads from 0.0 pips
- Commission: $3.50 per side
- Perfect for scalpers and algo traders
-
cTrader Account
- Minimum deposit: $200
- Spreads from 0.0 pips
- Commission: $3.00 per side
- Best for professional traders
Conclusion
IC Markets stands out as a top choice for Nigerian traders, offering competitive trading conditions, multiple platform options, and reliable execution. While the educational resources could be improved, the broker’s strong regulatory standing and excellent trading conditions make it a solid choice for serious traders.
Start Trading with IC Markets Today
Join thousands of Nigerian traders who trust IC Markets
Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
Disclaimer: This review is based on our personal experience and extensive research. Some links are affiliate links, and we may receive compensation if you sign up through them. This does not affect our review's independence or ratings.