IC Markets Review 2026
Full IC Markets review for Kazakhstan traders — regulation, spreads, fees and our honest verdict.
Regulation in Kazakhstan
| Regulator | FSA FSA — Seychelles Financial Services Authority (FSA) |
| Licence Number | SD018 |
| Regulated Entity | Raw Trading Ltd |
| Max Leverage (Forex) | 1:500 |
| 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 FSA (licence SD018). Minimum deposit $200. In Kazakhstan: maximum forex leverage 1:500.
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 Raw Trading Ltd under FSA.
In Kazakhstan, IC Markets operates as Raw Trading Ltd, authorised by FSA under licence number SD018. Kazakhstan traders are subject to a maximum leverage of 1:500 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD018
- 2,250+ instruments to trade
- Negative balance protection in Kazakhstan
- 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 FSA licence SD018, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for IC Markets in Kazakhstan?
The minimum deposit is $200. This is the amount required to open a live trading account for traders in Kazakhstan under FSA regulation.
What leverage does IC Markets offer in Kazakhstan?
In Kazakhstan, IC Markets offers maximum forex leverage of 1:500 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is IC Markets safe to trade with?
IC Markets is regulated by FSA, 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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