IC Markets Review
Overall, IC Markets gives you access to spreads from zero, high leverage, and platform choice without account restrictions. You can trade forex, metals, crypto, and more across MT4, MT5, or cTrader. It’s available in Indonesia and supports global methods for funding and withdrawals.
Basic Info About IC Markets for Indonesian Traders
| Category | Details |
| 🏦 Indonesia Office Address | IC Markets does not list an office in Indonesia. |
| 📧 Email Support | [email protected] |
| 📞 Phone Support (Indonesia) | +62 803 321 60329 |
| 💬 Live Chat | Available 24/7 on the IC Markets website |
| ⏱️ Customer Support Hours | 24/7 live support |
| ⏳ Office Operating Hours | Monday–Saturday, 7 am – 7 am AEST (round-the-clock coverage) |
| 🌐 Official Website | www.icmarkets.com |
| 🚀 Sign up | 👉Open Account |
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IC Markets Legal Status: Safe or Not for Indonesian Traders?
Yes, IC Markets is considered safe for Indonesian traders, although it isn’t regulated locally.
IC Markets accepts traders in Indonesia under its Seychelles-registered entity, which is licensed by the Financial Services Authority (FSA).
| 🌎 Regulatory Body | 🇨🇴 Country | 🔢 License Number | ⏺️ Status / Description |
| Seychelles Financial Services Authority (FSA) | Seychelles | License No. SD018 | Covers Indonesian accounts under Raw Trading Ltd. Client funds must be held in trust. |
| Australian Securities and Investments Commission (ASIC) | Australia | AFS License No. 335692 | High-tier regulatory body. Covers Australian residents only. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | CIF License No. 362/18 | EU regulation. Includes investor compensation scheme (up to €20,000 per client). |
| Securities Commission of the Bahamas (SCB) | The Bahamas | License No. SIA-F214 | Oversees IC Markets Ltd. Offshore regulatory coverage for international clients. |
| Capital Markets Authority (CMA) | Kenya | License No. 199 | Local license for Kenyan operations. Not applicable to Indonesian accounts. |
IC Markets is offshore-regulated (Seychelles FSA) but widely trusted worldwide. While not under Bappebti, it maintains strong fund segregation and transparency practices.
No, Seychelles-regulated accounts don’t fall under EU or UK compensation schemes, but client funds are held in segregated Tier-1 bank accounts.
Choosing the Right IC Markets Account for Your Strategy
You don’t need to guess which IC Markets account suits your approach. All three options are available to traders in Indonesia.
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| Raw Spread (MetaTrader) | $200 | 👉Open Account | Up to 1:1000 | $3.50 per lot (per side) |
| Raw Spread (cTrader) | $200 | 👉Open Account | Up to 1:1000 | $3.00 per $100k (per side) |
| Standard (MetaTrader) | $200 | 👉Open Account | Up to 1:1000 | None |
Raw Spread Account (MetaTrader)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📉 Spread Pips | From 0.0 pips (EUR/USD often averages 0.02) |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, metals, indices, commodities, crypto, bonds, stocks |
| 🏆 Best For | Scalping, algo traders, EAs, high-volume execution |
| ✅ Advantages | Tight spreads, fast execution, no order distance rules |
| 🚀Sign up | 👉Open Account |
Raw Spread Account (cTrader)
| Account Feature | Value |
| 💻 Trading Platforms | cTrader, TradingView |
| 📉 Spread Pips | From 0.0 pips (EUR/USD avg. ~0.1) |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, metals, indices, commodities, crypto |
| 🏆 Best For | Traders using cTrader features or TradingView integration |
| ✅ Advantages | Lower commission ($3 per $100k side), Level II pricing |
| 🚀Sign up | 👉Open Account |
Standard Account (MetaTrader)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📉 Spread Pips | From 0.8 pips (EUR/USD avg. ~0.82) |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, metals, indices, commodities, crypto, stocks, bonds |
| 🏆 Best For | Traders who prefer commission-free pricing |
| ✅ Advantages | No commission charges, user-friendly setup |
| 🚀Sign up | 👉Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 🛠️ Features | Real-time quotes, full instrument list, no time limit (if used) |
| 🏆 Best For | New traders, algo testing, platform comparison |
| 🚀Sign up | 👉Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 📉 Spread Pips | From 0.0 on Raw, from 0.8 on Standard |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Markets Offered | Forex, indices, commodities, metals, crypto |
| 🏆 Best For | Traders who need swap-free terms without platform limits |
| ✅ Advantages | No swaps, fixed holding fee after 5 days, full strategy access |
| 🚀Sign up | 👉Open Account |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Account Setup: What You Need to Know
If you open an account from Indonesia, your profile will be registered under Raw Trading Ltd, the IC Markets entity regulated by the Seychelles Financial Services Authority (FSA).
There’s no local branch, and you won’t deal with any third-party platforms or brokers. Everything is done through IC Markets’ official client area.
Step 1: Start the Application
Go to the IC Markets website and open a live account or demo. You’ll be asked for:
- Full name
- Phone number
- Trading platform (MT4, MT5, or cTrader)
- Account type (Standard or Raw Spread)
- Base currency
- Individual or corporate account
Step 2: Confirm Your Email
You’ll get an email with a confirmation link. Click to activate your account, set a password, and sign in to the client area. Demo accounts are available immediately. Live accounts will need ID checks first.
Step 3: Verify Your ID
To activate a live account, upload:
- Photo ID (passport, driver’s license, or national ID)
- Proof of address (utility bill or bank statement, dated in the last 3–6 months)
Step 4: Fund the Account
Once verified, you can log in and choose a funding method. IC Markets accepts:
- Credit or debit cards
- Bank transfers
- PayPal
- Neteller
- Skrill
Step 5: Install Your Platform
Download MT4, MT5, or cTrader, whichever you selected during signup. You’ll find login credentials in your client area and confirmation emails. Once installed, you can start trading.
Comparing IC Markets, SuperForex, and BlackBull Markets
| IC Markets | SuperForex | Blackbull Markets | |
| ⚖️ Regulation | ASIC, CySEC, FSA Seychelles, SCB Bahamas, CMA Kenya | Claims IFSC Belize, unverified | FMA NZ, FSA Seychelles |
| 📱 Trading Platform | MT4, MT5, cTrader, TradingView, ZuluTrade, IC Social | MT4, SuperForex app | MT4, MT5, cTrader, TradingView, CopyTrader |
| 💰 Withdrawal Fee | None (may depend on method) | 0.5% to 5% based on method | $5 flat |
| 📊 Demo Account | Yes, no expiry if used every 30 days | Yes, fixed spreads, no bonuses, leverage 1:1000 | Yes, no time limit, all platforms |
| 📈 Minimum Deposit | $200 | $1 | $0 (Standard), $2,000 (Prime), $20,000 (Institutional) |
| 📈 Leverage | Up to 1:1000 | Up to 1:3000 | Up to 1:500 |
| 📊 Spread | From 0.0 pips (Raw), 0.8 pips (Standard) | From 0.0 pips (select accounts), 2.0+ pips (Standard) | From 0.0 pips (Institutional), 0.1 (Prime), 0.8 (Standard) |
| 💰 Commissions | $3.50 per lot (MetaTrader Raw), $3/$100k (cTrader) | From 0.013% or fixed, varies by account | $6 per lot (Prime), $4 per lot (Institutional), none (Standard) |
| ✴️ Margin Call/Stop-Out | 50% / 20% | 80% / 40% | Varies by leverage tier |
| ✴️ Order Execution | High-speed, no restrictions | Market Instant | <100 ms average |
| 💳 No-Deposit Bonus | None | None | None |
| 📊 Cent Accounts | Not available | Yes – Micro Cent account available | Not available |
| 📈 Account Types | Standard, Raw (MT4/5, cTrader), Islamic, Demo | 11 types incl. ECN, Swap-Free, No Spread, Micro, Crypto | Standard, Prime, Institutional, Islamic, Demo, MAM |
| ⚖️ BAPPEBTI Regulation | No | No | No |
| 💳 IDR Deposits | Not supported | Yes – local currencies including IDR | Not supported |
| 📊 Indonesia Rupiah Account | No | Yes – IDR supported | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes – on Raw and Standard | Yes – multiple Islamic accounts with fixed fees | Yes – available on Standard and Prime |
| 👉 Open account | 👉Open Account | 👉Open Account | 👉Open Account |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Trading on IC Markets: Platform Features and Tools
IC Social
A social trading platform powered by Pelican Trading. IC Social connects directly to your live MetaTrader 4 account and lets you trade, copy, chat, and share ideas with other traders in the community.
Key Features
- Connects directly with your live MetaTrader 4 account on IC Markets.
- Community access for trade copying, commentary, and real-time challenges.
- Available on Android and iOS with built-in messaging and alerts.
- Allows both copying and signal trading, with built-in risk management.
IC Social is ideal for mobile-first traders who want community engagement and direct access to trading ideas without switching between platforms.
MetaTrader 4
MT4 is one of the longest-standing trading platforms in the industry. IC Markets offers it across both Raw Spread and Standard accounts.
Key Features
- Ultra-low spreads, starting from 0.0 pips with Raw Spread accounts.
- Trade with micro lots, no minimum order distance, and no FIFO rules.
- Custom indicators, Expert Advisors, and algorithmic tools are supported.
- Equinix NY4 data center hosting ensures millisecond-level execution.
MetaTrader 4 is ideal for experienced traders who rely on automation, prefer MT4’s plugin ecosystem, or run multiple strategies at once.
cTrader
cTrader is tailored for high-speed execution and comes with an interface that’s easier to customize than MetaTrader.
Key Features
- Level II pricing with full market depth and volume transparency.
- Advanced order types and detachable charts.
- LD5 London-based data center for low-latency execution.
- VWAP indicators and real-time trade analytics.
cTrader is ideal for intraday traders and scalpers who want more detailed pricing information and interface flexibility than what MetaTrader offers.
MetaTrader 5
MT5 offers everything from forex to futures, and includes multi-asset support and improved strategy testing.
Key Features
- Access to all IC Markets instruments from one platform.
- Depth of Market view for real-time liquidity tracking.
- Supports hedging with no FIFO restrictions and flexible lot sizes.
- High-speed order execution via Equinix NY4 data center.
MetaTrader 5 is ideal for traders using automated strategies, running custom EAs, or trading across multiple asset classes with detailed control.
ZuluTrade
ZuluTrade is a third-party social trading platform that connects you with thousands of global signal providers.
Key Features
- Follower and provider account types are supported on IC Markets accounts.
- ZuluGuard feature protects your capital by cutting off underperforming traders.
- A simulation tool helps you test strategies before going live.
- Multi-device access through mobile apps and desktop widgets.
ZuluTrade is ideal for traders who prefer outsourcing strategy and want to backtest, filter, and copy trades based on performance data.
Signal Start
A copy trading platform by Myfxbook, Signal Start lets you auto-follow strategies from verified providers. It supports both MT4 and MT5 accounts on IC Markets.
Key Features
- Fully hosted platform, always connected once set up.
- Signal filtering and performance tracking are built into the dashboard.
- Works with both MetaTrader 4 and 5 accounts.
- 24/7 support with mobile access and account monitoring.
Signal Start is ideal for traders who want a low-maintenance way to mirror strategies without manually syncing anything or staying logged in.
TradingView
One of the most-used charting platforms globally, TradingView integrates with IC Markets via cTrader.
Key Features
- 15+ chart types and over 110 drawing tools.
- More than 400 built-in indicators, plus thousands of custom community indicators.
- Alerts for price, indicators, or strategy triggers with 13 condition types.
- Strategy tester lets you simulate trades using historical data.
TradingView is ideal for traders who prioritize visual analysis, custom scripts, and seamless chart-based execution.
IC Markets VPS
If you’re using automated strategies or don’t want to rely on your connection, IC Markets offers a VPS through third-party providers.
Key Features
- VPS access through partners like ForexVPS and IC VPS.
- Direct, low-latency connection to NY4 servers.
- Pre-installed MetaTrader setup and EA-ready environment.
- Free plans are available if you meet monthly trading volume thresholds.
IC Markets VPS is ideal for traders running Expert Advisors or high-frequency strategies who need constant uptime and stable execution.
MetaTrader 4 and MetaTrader 5 are optimized for global connectivity and usually perform well on Indonesian broadband or 4G networks.
Yes. You can link your IC Markets Raw account directly with TradingView to trade live from charts.
What Can You Trade with IC Markets in 2025?
You can trade over 2,000 instruments with IC Markets, including major global markets and a few that are relevant in Indonesia.
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Indonesian Traders Should Be Familiar With This Type |
| 🏦 Forex CFDs | 61 currency pairs including majors, minors, and exotics. Raw Spread accounts offer spreads from 0.0 pips and leverage up to 1:1000. | USD/JPY, EUR/USD, AUD/JPY, SGD/JPY | Global currencies are central to Indonesia’s trade and import economy. Pairs like AUD/JPY and SGD/JPY align with regional flows. |
| 📊 Indices CFDs | Trade entire stock markets with zero commissions and spreads from 0.4 points. Available 24/5. | US500, JP225, HK50, CHINA50 | Asia-Pacific exposure is common for traders in Indonesia. Indices let you track regions like Japan and Hong Kong, or speculate on US markets. |
| 🛢️ Commodities CFDs | Access over 20 products, including metals, energy, and agricultural futures. Up to 1:1000 leverage. | Coffee, Sugar, Brent Crude, Corn, Soybean | Coffee and sugar futures tie into local supply/export dynamics. Crude oil prices are politically and economically significant across the region. |
| 📈 Stocks CFDs | Trade 2,100+ shares listed on US and Australian exchanges with leverage up to 1:20. MetaTrader 5 only. | Apple, Microsoft, Tesla, ExxonMobil, BHP | US tech stocks are a favorite among Indonesian retail traders. |
| 📉 Bonds CFDs | Government bond CFDs from the US, Japan, UK, and EU. Commission-free and used for hedging or macro exposure. | UST10Y, UST30Y, JGB10Y | US and Japanese bond markets impact capital flows and currency expectations in Indonesia. These are often tracked alongside USD/IDR moves or broader macro signals. |
| 🚀 Crypto CFDs | 21 cryptocurrencies tradable long or short, 7 days a week. No wallets or exchanges required. | BTC/USD, ETH/USD, ADA/USD, XRP/USD, DOGE/USD | Crypto is growing in Indonesia. Younger traders are showing interest in Bitcoin, Ethereum, and altcoins tied to fintech or payment use cases. |
| 📆 Futures CFDs | Futures-based CFDs on select macro assets. Available only on MetaTrader 4. | Coffee_U5, BRENT_U5, GCQ25 (Gold), CBOE VIX, ICE USD Index | Futures trading fits well for macro themes, like inflation, crude oil impact, or gold speculation. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Pricing: What You’re Really Paying For
You’re not charged to open an account with IC Markets, but you are charged every time you trade, every time you hold a position overnight, and (depending on how you fund or withdraw), possibly when you move money in or out of your account.
Spreads
| Instrument | Raw Spread (Min) | Raw Spread (Avg) | Standard Spread (Min) | Standard Spread (Avg) |
| EUR/USD | 0.0 | 0.02 | 0.8 | 0.82 |
| USD/IDR | N/A | N/A | N/A | N/A |
| AUD/USD | 0.0 | 0.03 | 0.8 | 0.83 |
| XAU/USD (Gold) | 0.00 | 1.08 | 0.00 | 1.08 |
| WTI Oil Spot | 0.03 | 0.034 | 0.03 | 0.034 |
| US500 | 0.20 | 0.49 | 0.20 | 0.49 |
| BTC/USD | 8.71 | 42.04 | 8.71 | 42.04 |
Commissions
MetaTrader 4/5 (Raw Spread)
| Account Currency | Per Lot (One Side) | Round Turn |
| USD | $3.50 | $7.00 |
cTrader / TradingView (Raw Spread)
- $3.00 per $100,000 traded (per side), $6.00 round turn.
- Auto-converted to your account’s base currency.
Inactivity Fees
If you stop trading for two years, IC Markets charges a $10/month inactivity fee until your balance hits zero or you start trading again. There are no fees if you’re active or under the two-year mark.
Swap Fees
Swaps are charged on overnight positions. They depend on the instrument, trade size, and direction. Rates are updated daily.
For Islamic (swap-free) accounts:
- A flat holding fee replaces the swap.
- Charged daily after a grace period.
Withdrawal Fees
Withdrawals are free on IC Markets’s side. Your bank or payment provider might still charge you.
- Bank wire: Around AUD 20 (depends on your bank)
Leverage goes up to 1:1000 on forex pairs, but traders can set lower limits in the account settings to manage risk.
Yes. Both strategies are fully allowed under all IC Markets account types, including those opened from Indonesia.
How to Deposit and Withdraw Funds on IC Markets
You can fund your IC Markets account using cards, e-wallets, or international transfers. Processing times vary depending on what you choose, and withdrawals usually go back through the same method you used to deposit.
| Method | Accepted Currencies | Deposit Time | Withdrawal Notes |
| Credit/Debit Card | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | Instant | Refunded to card (up to original deposit). Typically 3–5 business days. |
| PayPal | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant | Sent back to the same PayPal account. Instant once processed. |
| Neteller | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant | Must match the deposit account. Usually instant after approval. |
| Skrill | AUD, USD, JPY, EUR, SGD, GBP | Instant | Returned to the same Skrill account. Fast once processed. |
| Bank Wire Transfer | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | 2–5 business days | May take up to 14 days. Intermediary fees may apply. |
| UnionPay | RMB | Instant | Withdrawals usually handled via bank transfer. |
| Broker to Broker | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF, HKD | 2–5 business days | Same withdrawal process as international wire transfers. |
| Rapidpay | EUR, GBP | Up to 2 business days | Returned via bank transfer. |
| Klarna | EUR, GBP | Up to 2 business days | Withdrawals processed through bank transfer. |
| Vietnamese Banking | USD | Instant | Withdrawal requires a bank statement as proof of account ownership. |
| Thai Internet Banking | USD | 15–30 minutes | Withdrawals processed in 1 business day with Thai bank book proof. |
| Bpay (Australia only) | AUD | 12–48 hours | Domestic use only. Withdrawals processed via AU bank transfer. |
| POLi (Australia only) | AUD | Instant | Withdrawals completed through Australian bank account. |
How to Deposit Funds to IC Markets
- Go to the secure IC Markets portal.
- You can use over a dozen supported payment options. Choose what works for your location, bank, and preferred currency.
- Your account can be set in several different currencies. If you fund in USD or another supported base, you’ll avoid conversion fees.
How to Withdraw Funds with IC Markets
- Use the same login portal to request a withdrawal. Requests sent before noon (AEST/AEDT) are typically processed on the same day.
- IC Markets starts by refunding your original deposit method. If the amount exceeds your deposit, or if the original method doesn’t support withdrawals, it’ll go through another previously used method or bank wire.
- Once processed, e-wallets are usually the fastest. Cards and wire transfers take longer; anywhere from 3 to 10 business days, depending on your bank.
The minimum deposit is $200 (around Rp 3.2 million). This applies to both Raw and Standard accounts.
Yes. IC Markets accepts deposits via several crypto payment gateways, which automatically convert crypto to USD on deposit.
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Education and Tools for Traders
| Tool | Description | Purpose for Traders |
| 🎥 Web TV | Short clips streamed from NYSE with market updates. | Quick way to track US market impact on USD/IDR, gold, and oil. |
| 🔊 Podcasts | Episodes cover macro trends, sectors, and global shifts. | Helps link global themes to local trading opportunities. |
| 🌍 Blog & Market Commentary | Daily insights on charts, setups, and macro events. | Useful for tracking short-term price changes and events. |
| 💹 Trading Calculators | Tools for pip value, margin, swaps, and profits. | Helps manage trades funded in USD but tracked in IDR. |
| 🧠 Forex & CFD Education | Walkthroughs of trading concepts, terms, and use cases. | Clear breakdowns for traders building skill in spot Forex and CFDs. |
| 🎥 Videos | Platform guides for setup, orders, and platform use. | Speeds up onboarding and answers common tech questions. |
| ⌨️ Webinars | Live sessions on strategies, timing, and setups. | Adds insight for local traders looking to adjust or test strategy. |
| 📲 IC Insights | Analyst ratings, price targets, and sentiment data. | Useful for comparing bias before entering positions. |
| 📰 Trading Central | Signals, setups, trend tools, and price action support. | Helps confirm trades using technicals. |
| ⏺️ Alarm Manager | Custom alerts based on price, time, or trade actions. | Tracks setups while traders focus on other tasks. |
| ⚙️ Correlation Matrix & Correlation Trader | Shows relationship strength between instruments. | Highlights setups tied to oil, gold, or USD pairs. |
| 📅 Forex News & Economic Calendar | Economic events sorted by region and impact. | Tracks global releases that move IDR and cross pairs. |
| 📚 Forex Glossary | Short definitions of common trading terms. | Quick help if unfamiliar terms come up on platform. |
| 📲 Excel RTD | Links MetaTrader with Excel for live trade data. | Useful for traders tracking multiple strategies or accounts. |
| ⏺️ Stealth Orders | Hides pending orders from market view. | Good for managing size without broadcasting intent. |
| 📈 Tick Chart Trader | Charts based on tick data for precision entries. | Helps with tight setups during high-volume periods. |
| ⌨️ Trade Terminal | Advanced order panel with risk and batch trade tools. | Centralizes order control for active sessions. |
| ⌨️ Mini Terminal | Small version of Trade Terminal on chart. | Adds fast order access on single instruments. |
| 📲 Market Manager | Overview tool for trades, prices, and account info. | Keeps active positions visible without changing tabs. |
| 📉 Sentiment Trader | Shows long vs. short trader positions. | Useful for timing contrarian entries. |
| 🌍 Session Map | Shows global trading hours and market overlaps. | Helps plan trades around Asia, Europe, and US opens. |
What Promotions Are Available on IC Markets in 2025?
IC Markets doesn’t offer traditional bonuses, but it provides a long-term rebate program for active traders.
The program is called Raw Trader Plus, and it’s not aimed at beginners. It rewards those trading consistently in Forex and metals with automatic commission rebates.
How Raw Trader Plus Works
Once you’re trading 100 standard lots or more each month, you can opt in. As long as you’re trading eligible products (mainly Forex and metals), you can start earning back a portion of the commissions you’re already paying. The rebate is credited daily and automatically once you’re enrolled.
Here’s the rebate breakdown:
- 100+ lots/month: $1.50 per lot
- 1,000+ lots/month: $2.25 per lot
- 2,000+ lots/month: $2.50 per lot
The catch is that this isn’t a try-once-and-done setup. You must maintain that level of volume for three months to stay enrolled. If your activity dips below the minimum, you won’t qualify until you reach the minimum again.
What Else You Get
Raw Trader Plus isn’t limited to commission rebates. There are a couple of extra perks that are included in the program:
- VPS Hosting: If you’re using Expert Advisors or trading around the clock, internet stability can make or break your strategy. IC Markets offers VPS access for Raw Trader Plus members who qualify, letting your trading setups stay live without relying on local connections.
- Direct Client Relations Support: There’s a dedicated team that works with Raw Trader Plus members. They’re able to assist with technical setups, performance-related questions, and anything involving your eligibility or activity levels.
How To Get Started
You won’t see Raw Trader Plus in your dashboard by default. To activate it:
- Email [email protected] with your request.
- Start trading 100+ lots/month in Forex or metals.
- Maintain that pace for three months to stay in.
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Is the IC Markets Partnership Program Worth It?
If you’re looking to earn from trading activity without having to trade yourself, IC Markets offers a partnership program worth considering.
It’s not the kind of setup that pays overnight or rewards low-effort referrals. You’ll need consistent traffic, decent client volume, and a grasp of how commissions work.
Multi-Level Program
This structure is ideal if you want to scale beyond first-level referrals. The model pays you for traders you refer directly, plus commissions from anyone your referrals bring in, down the line.
- You can earn commissions on multiple levels of referrals without managing those traders directly.
- Access to a personalized partner portal with detailed reporting and real-time stats.
- Commissions are paid daily, and partner account balances can be withdrawn at any time.
- No revenue sharing caps or limits on how many clients you can refer.
- Flexible enough for influencers, content creators, and agency-level partners.
Multi-Account Manager (MAM)
IC Markets allows regulated money managers to trade multiple accounts from a single interface. You’ll have control over risk settings, execution methods, and allocation styles.
| Feature | Details |
| Platform | MetaTrader 4 |
| Account Grouping | All client accounts stay segregated but are controlled under one master |
| Allocation Methods | Equity %, balance %, lot-based, and proportional |
| Execution Control | Instant or market, depending on setup |
| Minimum Capital Requirement | None from IC Markets, but capital adequacy expected |
| Commission Setup | You set the fee per trade or lot. IC Markets processes it automatically |
| Client Access | Clients can log in and monitor trades in real time |
Introducing Broker (IB) Program
This is the most accessible partnership tier. If you refer traders who sign up and start trading, you earn a commission per lot traded. IC Markets lets you set up multiple commission structures based on volume and client type.
- No upfront cost, deposit, or fixed targets required to qualify.
- Daily payments based on your clients’ live trading activity.
- Access to a branded dashboard where you can track referrals and earnings.
- Commissions are flexible, either fixed per-lot rates or custom setups for high-volume accounts.
- IC Markets provides banners, landing pages, and tracking tools.
PAMM – Percentage Allocation Money Management
IC Markets supports PAMM through third-party technology, and it’s not built into its platforms directly. With PAMM, clients pool funds under one account managed by a trader, and returns are allocated based on contribution percentage.
Ways to Contact IC Markets Support (Live Chat, Email, Phone)
| Customer Support | IC Markets Customer Support |
| ⏰ Operating Hours | 24/7, including weekends |
| 🔊 Support Languages | English only, Bahasa not guaranteed |
| 👥 Live Chat | Available on the website, no login required |
| ☎️ Email Address | [email protected], [email protected], [email protected], [email protected] |
| 🏆 Telephonic Support | Indonesia: +62 803 321 60329, alternate: +62 780 3321 2195, general: +248 467 19 76 |
| 📍 Overall Support Quality | Fast response times, reliable live chat, no local office, no personal manager unless high volume |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Industry Recognition in 2025
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Lowest Spread Forex Broker | Awarded by FXEmpire for ultra-tight spreads, zero requotes, and pricing favored by scalpers. |
| 2025 | Best Forex/CFD Broker in APAC | Voted by TradingView users across Asia-Pacific for performance, platform stability, and execution. |
Summary Verdict on IC Markets
IC Markets gives Indonesian traders access to high-leverage, low-cost trading without limiting strategies or platform choice. The lack of BAPPEBTI regulation is something to note, but IC Markets holds multiple licences in stricter jurisdictions and keeps client funds in trust.
The Raw accounts are competitive on both MetaTrader and cTrader, with spreads from 0.0 pips and support for algorithmic trading. The Standard account suits those who prefer pricing baked into the spread, no commission lines.
Funding methods are global, USD-based, and withdrawals are processed reliably. Support is available 24/7, but Bahasa is not guaranteed. There are no bonuses, but high-volume traders can access commission rebates under the Raw Trader Plus program.
It’s not a beginner-first environment, but for those who already know what they need in a trading platform, IC Markets is a solid, globally recognised option that delivers fast execution, competitive pricing, and broad product access.
IC Markets Advantages and Disadvantages for Indonesians
| 🟢 Pros | 🔴 Cons |
| Spreads from 0.0 pips on Raw accounts with near-zero latency execution | No support for IDR deposits or local Indonesian banks |
| Supports MT4, MT5, cTrader, TradingView, and social platforms like ZuluTrade | Not regulated by Indonesia’s BAPPEBTI regulatory authority |
| Islamic account available with no swaps and fixed holding fee after 5 days | No Indonesian-language customer support |
| Allows copy trading through Signal Start, ZuluTrade, and IC Social | Requires international verification and offshore account registration |
| VPS hosting offered for algorithmic or high-frequency strategies | Withdrawal times can stretch up to 10 days depending on method and bank |
| No dealing desk, no requotes, and no restrictions on trading strategies |
IC Markets Review Detailed Summary
| Category | Details |
| 🌍 General Information | |
| 🏢 Company Name | IC Markets |
| 📅 Year Founded | 2007 |
| 🏠 Head Office | Australia |
| ⚖️ Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
| 🌎 Accepts Indonesian Clients | Yes |
| ⚖️ Local Regulation (BAPPEBTI / OJK) | No |
| 📂 Account Details | |
| ☪️ Islamic Account Available | Yes (swap-free) |
| 📊 Demo Account Available | Yes |
| 💰 Minimum Deposit | $200 (~IDR 3,100,000) |
| 📲 Deposit & Withdrawal Methods | Cards, Bank Transfer, E-wallets, Local Indonesian payment options |
| 📉 Trading Features | |
| 📈 Maximum Leverage | Up to 1:1000 (for FSA jurisdiction); lower (e.g. 1:30) under ASIC / CySEC |
| 📊 Average Spread (EUR/USD) | ~0.8 pips on Standard; ~0.0 pips on Raw Spread accounts |
| 🔄 Swap-Free Accounts | Yes |
| ⚡ Scalping Allowed | Yes |
| 🔒 Hedging Allowed | Yes |
| 🛡️ Negative Balance Protection | Yes |
| 📖 Education & Support | |
| 📚 Education for Beginners | Webinars, articles, tutorials |
| 🗣 Languages Supported on Website | English, Bahasa Indonesia + multiple others |
| 📞 Dedicated Indonesian Account Manager | No |
| ⏰ Customer Support Hours | 24/7 |
| 📞 Customer Support Contact for Indonesia | +62 803 3216 0329 |
| 🌟 Platforms & Assets | |
| 📊 Trading Platforms | MT4, MT5, cTrader, TradingView |
| ✔️ Crypto Trading Offered | Yes |
| ✔️ Tradable Assets | Forex, Indices, Commodities, Stocks, Crypto CFDs, Futures |
| 🇮🇩 Indonesia-Specific Features | |
| 💵 Local Bank Transfers Supported | Yes (IDR deposit options via local payment providers) |
| 💰 Minimum Deposit in IDR Equivalent | ~IDR 3,100,000 |
| ✅ IDR-Denominated Account | No |
| ✅ Leverage Restrictions for Indonesian Traders | Yes, subject to jurisdiction |
| 💸 Fees & Costs | |
| 🏦 Deposit Fee | No (broker side) — payment provider fees may apply |
| 💵 Withdrawal Fee | Varies by method |
| ⏳ Inactivity Fee | None clearly documented |
| 💲 Commission Fee | Raw Spread account: commission per lot; Standard account: spread only |
| 🔥 Final Ratings | |
| ⭐ Beginner Friendliness | High |
| 📊 Platform Quality | High (fast execution, well-known platforms) |
| 💰 Deposit & Withdrawal Process | Good, with local options |
| ✅ Trustworthiness | High (multi-regulated, global reputation) |
| 🚀Sign up | 👉Open Account |
Sources Used in Our IC Markets Review
Top Questions New Traders Ask About IC Markets
IC Markets is a global broker offering access to Forex, crypto, indices, and more. Indonesian traders can sign up under its Seychelles entity.
No direct Indonesian local bank transfer options are listed. You’ll need to use international methods.
You’ll need a photo ID (passport, national ID, or driver’s licence) and a recent proof of address like a utility bill or bank statement.
If you trade 100+ lots per month in Forex or metals, IC Markets gives back part of the commissions you’ve already paid. The more you trade, the higher the rebate.
Accounts in Indonesia fall under Raw Trading Ltd, which is licensed by the Seychelles FSA.
USD/IDR isn’t offered, but spreads on majors like EUR/USD can go as low as 0.0 pips on Raw accounts. AUD/JPY and SGD/JPY are also available.
Yes. Swap-free versions of Raw and Standard accounts are available. A flat holding fee applies after five days.
Yes. The economic calendar allows filters by region, so you can track events that impact the IDR and local macro trends.
Yes. The signup form lets you register as an individual or under a company name.
You get access to webinars, videos, a glossary, market commentary, analyst tools, and even economic calendars with regional filters.
Yes, Indonesian residents can open accounts using their local ID and address proof. Accounts are held under IC Markets Seychelles.
That depends on Indonesian tax laws. IC Markets doesn’t deduct or manage taxes on your behalf.
There’s no local branch, but you can contact IC Markets support via email, live chat, or Indonesian phone lines. Legal issues would fall under Seychelles’ jurisdiction.
No, IDR isn’t available as a base currency. You can choose USD, EUR, or several other majors instead.
You can open a Standard, Raw Spread (MetaTrader), or Raw Spread (cTrader) account. All are accessible from Indonesia.
$3.50 per lot per side on MetaTrader, or $3.00 per $100k per side on cTrader/TradingView.
You can fund your account using cards, PayPal, Neteller, Skrill, or bank wire. Processing time depends on the method.
No, regional e-wallets like OVO or Dana aren’t supported.
Yes, coffee is available. Palm oil isn’t, but there’s access to oil, sugar, and other agri-futures.
Withdrawals are usually processed the same day if requested before noon AEST. Bank wires can take up to 10 business days.
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