IC Markets Review 2026
Full IC Markets review for Bulgaria traders — regulation, spreads, fees and our honest verdict.
Regulation in Bulgaria
| Regulator | CySEC CySEC — Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 362/18 |
| Regulated Entity | IC Markets (EU) Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $200 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 2,250+ |
| Platforms | MT4, MT5, cTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by CySEC (licence 362/18). Minimum deposit $200. In Bulgaria: maximum forex leverage 1:30.
About IC Markets
IC Markets was founded in 2007 and is headquartered in Sydney, Australia. The broker offers 2,250 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by IC Markets (EU) Ltd under CySEC.
In Bulgaria, IC Markets operates as IC Markets (EU) Ltd, authorised by CySEC under licence number 362/18. Bulgaria traders are subject to a maximum leverage of 1:30 on forex pairs under CySEC rules.
Trading Platforms
Pros
- CySEC regulated — licence 362/18
- 2,250+ instruments to trade
- Negative balance protection in Bulgaria
- Platforms: MT4, MT5, cTrader
Cons
- No inactivity fee
- 70.64% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Key Facts About IC Markets
- Processes over $20 billion in daily volume, one of world's largest forex ECN brokers
- True ECN pricing with interbank liquidity from 25+ sources including banks and dark pools
- Average EUR/USD spread of 0.0 pips on Raw account (commission: $3.50/lot/side)
Known Limitations
- FSA (Seychelles) entity used for clients outside AU/EU/SG
- Limited educational content vs competitors
- Swap rates can be high on popular instruments held overnight
Frequently Asked Questions
Is IC Markets regulated?
IC Markets holds CySEC licence 362/18, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official CySEC public register.
What is the minimum deposit for IC Markets in Bulgaria?
The minimum deposit is $200. This is the amount required to open a live trading account for traders in Bulgaria under CySEC regulation.
What leverage does IC Markets offer in Bulgaria?
In Bulgaria, IC Markets offers maximum forex leverage of 1:30 under CySEC rules. Higher leverage may be available through offshore-regulated entities.
Is IC Markets safe to trade with?
IC Markets is regulated by CySEC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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