IC Markets is a globally recognized ECN forex and CFD broker headquartered in Australia. Regulated by ASIC (Australia) and CySEC (Cyprus), it is best known for ultra-low spreads, institutional-grade liquidity, and fast execution speeds. For experienced traders in Pakistan—particularly those engaged in scalping, day trading, or algorithmic strategies—IC Markets offers a powerful infrastructure. However, some limitations exist for Pakistani users in terms of funding methods and accessibility.
Key Features of IC Markets for Pakistani Traders
Trading Platforms
IC Markets supports a full suite of professional platforms:
- MetaTrader 4 (MT4): Ideal for forex scalpers and custom indicators.
- MetaTrader 5 (MT5): Best for multi-asset trading with deeper analytical tools.
- cTrader: Preferred for its ECN-style interface and depth of market (DOM) features.
Each platform is available on desktop, web, and mobile, providing flexible access.
Account Types and Spreads
Pakistani traders can choose from three account types:
| Account Type | Spreads (From) | Commission | Platform |
|---|---|---|---|
| Raw Spread | 0.0 pips | $3.5 per side | MT4/MT5/cTrader |
| Standard Account | 1.0 pip | No commission | MT4/MT5 |
| cTrader Raw | 0.0 pips | $3.0 per side | cTrader |
The Raw Spread accounts are especially attractive for algorithmic and high-frequency trading strategies due to direct market access and competitive pricing.
Execution Speed and Liquidity
IC Markets boasts ultra-fast execution (under 40ms), which is critical for traders using Expert Advisors (EAs) or scalping strategies. With liquidity aggregated from over 25 top-tier sources, slippage is minimal even during peak volatility.
IC Markets in the Pakistani Context
Pros for Pakistani Traders
- Raw ECN-style spreads starting from 0.0 pips
- Choice of platforms (MT4, MT5, cTrader)
- Scalping, hedging, and EA-friendly
- Segregated client funds and regulation by ASIC & CySEC
- Multilingual customer support, responsive via email and live chat
Cons Specific to Pakistan
- No local deposit methods: IC Markets does not support JazzCash, Easypaisa, or Pakistani bank transfers.
- High minimum deposit of $200, which may be prohibitive for beginners or low-budget traders.
- No PKR-denominated accounts, leading to potential currency conversion costs.
- No localized promotions or support offices in Pakistan.
Deposit and Withdrawal Options
IC Markets provides several global methods such as:
- Credit/Debit Cards (Visa/Mastercard)
- Bank Wire Transfers
- Skrill, Neteller, PayPal
Pakistani users may need to rely on international e-wallets like Skrill or Neteller, which can add extra steps and fees.
Security and Regulation
IC Markets is under strict supervision by:
- ASIC – Australian Securities and Investments Commission
- CySEC – Cyprus Securities and Exchange Commission
- FSA Seychelles (for global clients)
Clients’ funds are held in segregated Tier-1 bank accounts, offering protection against broker insolvency.
Is IC Markets Right for You in Pakistan?
If you’re an experienced forex trader, especially someone who uses automated systems or scalping strategies, IC Markets is one of the most advanced and cost-effective brokers available globally. However, if you’re a beginner in Pakistan or prefer localized services and payment methods, IC Markets might pose practical challenges.
