Overall, IC provides a clean, execution-focused experience for Kenyan traders who know what they need.
With CMA oversight, raw pricing, and trading conditions that favour consistency, it suits those who prefer function over filler across forex, indices, crypto, and commodities. No bonuses, no distractions.
Is IC regulated in Kenya?
Yes. IC Kenya Limited holds a CMA license (No. 199) to operate as a non-dealing online FX broker.
Who is IC?
IC is a global forex and CFD broker founded in Australia. It’s mainly known for ultra-low spreads, fast execution speeds, and institutional-style trading conditions aimed at active traders, scalpers, and professionals
Basic Information About IC for Kenyan Traders
| Category | Details |
| 🏦 Kenya Office Address | 6, 5th Floor, Top Plazza, Kindaruma Road, Nairobi, Kenya |
| 📧Email Support | support@icmarkets.com |
| 📞Phone Support (Kenya) | Call +254 20 3895082 |
| 💬Live Chat | Available 24/7 on the IC website |
| ⏱️Customer Support Hours | 24/7 (Live chat and email support) |
| ⏳ Office Operating Hours | Monday to Friday, 9:00 AM – 5:00 PM (local time) |
| 🌐 Official Website | www.ic.com |
| 🚀 Sign up | 👉 Open Account |
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IC Regulation: Who Oversees This Broker?
IC is licensed by several financial authorities, including the Capital Markets Authority (CMA) in Kenya. If you register under the Kenyan entity, your account is held locally and falls under the CMA’s regulatory framework. IC also operates internationally under other regulated entities.
| Regulator / Authority | Region / Country | License / Registration No. | Status / Description |
| Capital Markets Authority (CMA) | Kenya | Licence No. 199 | IC (KE) Ltd is locally licensed. Applicable to Kenyan residents. |
| Australian Securities and Investments Commission (ASIC) | Australia | AFS Licence No. 335692 | High-tier regulator. Covers Australian clients only. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | CIF Licence No. 362/18 | EU regulation. Includes investor protection up to €20,000. |
| Seychelles Financial Services Authority (FSA) | Seychelles | Licence No. SD018 | Oversees Raw Trading Ltd. Offshore regulation for select international clients. |
| Securities Commission of The Bahamas (SCB) | Bahamas | Licence No. SIA-F214 | Regulates IC Ltd. Offshore regulation with fewer restrictions. |
IC Accounts Compared: Features and Benefits
IC offers three main live account types, and each gives you access to the full product range, with no restrictions on trading style or strategy.
What differs is how pricing works: whether the cost is built into the spread or charged separately as a commission.
| Feature | Raw Pro+ | Raw Pro | Raw Spread (MetaTrader) | Raw Spread (cTrader) | Standard |
| Trading Platform | MetaTrader 4/5 | MetaTrader 4/5 | MetaTrader 4/5 | cTrader / TradingView | MetaTrader 4/5 |
| Commission | $1.0 per lot per side | $1.5 per lot per side | $3.5 per lot per side | $3.0 per USD 100k traded | $0 |
| Spreads From | 0.0 pips | 0.0 pips | 0.0 pips | 0.0 pips | 0.8 pips |
| Minimum Deposit | $100,000 | $5,000 | $0 | $0 | $0 |
| Maximum Leverage | Up to 1:5000 | Up to 1:5000 | Up to 1:5000 | Up to 1:5000 | Up to 1:5000 |
| Margin Call / Stop Out | 50% | 50% | 50% | 50% | 50% |
| Best For | High-volume professionals | Experienced traders | Scalpers & EAs | Day traders & scalpers | Beginners |
| Server Location | New York | New York | New York | London | New York |
| Number of Instruments | 2250+ | 2250+ | 2250+ | 2000+ | 2250+ |
| Algorithmic Trading | MQL4 / MQL5 | MQL4 / MQL5 | MQL4 / MQL5 | C# | MQL4 / MQL5 |
| Open an account | Open Account | Open Account | Open Account | Open Account | Open Account |
Raw Spread (MetaTrader)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📉 Spread Pips | From 0.0 pips. Average EUR/USD generally low |
| 💰 Minimum Deposit | $0 |
| 📈 Maximum Leverage | Up to 1:5000 |
| 💹 Trading Instruments | Forex, shares, indices, commodities, metals, crypto, bonds |
| 🏆 Best For | High-frequency or EA-based strategies that depend on low-cost execution |
| ✅ Advantages | Ultra-tight pricing, no markups, fast fills, no minimum stop distance |
| 🚀Sign up | 👉 Open Account |
Raw Spread (cTrader)
| Account Feature | Value |
| 💻 Trading Platforms | cTrader, TradingView |
| 📉 Spread Pips | From 0.0 pips. Slightly wider than MetaTrader on major pairs |
| 💰 Minimum Deposit | $0 |
| 📈 Maximum Leverage | Up to 1:5000 |
| 💹 Trading Instruments | Forex, indices, commodities, metals, crypto |
| 🏆 Best For | Traders who want TradingView integration or prefer cTrader’s interface |
| ✅ Advantages | Lower commission rate, tight pricing, trade transparency |
| 🚀Sign up | 👉 Open Account |
Standard (MetaTrader)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📉 Spread Pips | From 0.8 pips on major pairs |
| 💰 Minimum Deposit | $0 |
| 📈 Maximum Leverage | Up to 1:5000 |
| 💹 Trading Instruments | Full CFD lineup: forex, shares, metals, crypto, indices, bonds |
| 🏆 Best For | Traders who prefer commission-free setups or simpler pricing |
| ✅ Advantages | No commission, all-in-one spread cost, MetaTrader support |
| 🚀Sign up | 👉 Open Account |
Raw Pro
| Feature | Details |
| 🏦 Account Type | IC RAW Pro |
| 👨💼 Best For | Experienced and high-volume traders |
| 📉 Spreads From | 0.0 pips |
| 💰 Commission Structure | Reduced commissions compared to standard Raw Spread accounts |
| 💻 Trading Platforms | MetaTrader 4 (MT4) and MetaTrader 5 (MT5) |
| ⚡ Maximum Leverage | Up to 1:5000 |
| 🚀 Execution Type | Fast market execution |
| 🌊 Liquidity Access | Deep institutional-grade liquidity |
| 📊 Suitable Trading Styles | Scalping, high-frequency trading, algorithmic trading |
| 🤖 Expert Advisors (EAs) | Supported |
| 💵 Trading Costs | Lower overall trading costs for active traders |
| 🔄 Flexibility | Competitive pricing with flexible trading conditions |
| 💳 Minimum Deposit | From $5,000 |
| 🏢 Infrastructure | Institutional-grade trading environment |
| ⭐ Key Advantage | Lower commissions with ultra-tight spreads |
| Open an account | Open Account |
Raw Pro +
| Feature | Details |
| 🏦 Account Type | IC RAW Pro+ |
| 👔 Best For | Professional and ultra-high-volume traders |
| 📉 Spreads From | 0.0 pips |
| 💰 Commission Structure | Lowest commissions available at IC |
| 💻 Trading Platforms | MetaTrader 4 (MT4) and MetaTrader 5 (MT5) |
| ⚡ Maximum Leverage | Up to 1:5000 |
| 🚀 Execution Type | Institutional-grade market execution |
| 🏢 Infrastructure | Advanced trading infrastructure hosted in New York data centres |
| 🌊 Liquidity Access | Deep institutional liquidity pools |
| 📊 Suitable Trading Styles | Algorithmic trading, high-frequency trading, large-volume trading |
| 🤖 Expert Advisors (EAs) | Fully supported |
| 👨💼 Ideal Users | Professional money managers and active investors |
| 📈 Monthly Trading Volume | Designed for substantial monthly trading volumes |
| 💳 Minimum Deposit | From $100,000 |
| ⭐ Key Advantage | Lowest trading costs with premium institutional pricing |
| Open an account | Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 🛠️ Features | Full product access, real quotes, stays active for 30 days without login |
| 🏆 Best For | Learning the platform, trying out strategies, comparing execution |
| 🚀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 | $0 |
| 📈 Maximum Leverage | Up to 1:5000 |
| 💹 Markets Offered | Forex, indices, metals, crypto, commodities |
| 🏆 Best For | Traders who require swap-free trading in line with Islamic finance |
| ✅ Advantages | No interest charges, available on all platforms, same trading conditions |
| 🚀Sign up | 👉 Open Account |
What types of trading accounts does IC offer in Kenya?
IC Kenya offers three main account types: Standard, Raw Spread, and cTrader Raw Spread. All support micro-lot trading, low spreads, and are available on MT4, MT5, and cTrader platforms.
Can Kenyans trade crypto with IC accounts?
Yes. IC allows Kenyan traders to access 18–21 cryptocurrency pairs, available for trading 24/7 via MT4 and MT5
IC Account Registration Process Explained
Opening a trading account with IC is a fully online process. You can complete the application from your phone or desktop, and the platform will guide you through the required forms and uploads.
Before you begin, have your identification and proof of address ready. This will save time once the verification step comes up. Here are the 4 steps to Open an Account with IC:
Step 1: Register your account
Go to www.icmarkets.com and click on “Start Trading” or “Open a Live Account”.
- Choose Kenya from the dropdown menu. This automatically places your account under the local CMA-regulated entity.
- Enter your full name, email address, mobile number, and create a password. Then proceed to complete your date of birth and residential address.
- Select your preferred trading platform and account type
- Select your account type Raw or Standard
- Select your base currency. USD is the default for Kenyan traders.
Step 2: Verify your account
- Upload a copy of your national ID or passport, along with a recent utility bill, bank statement, or similar document showing your residential address. The name and address must match your application.
- You’ll be asked a few questions about your financial background and experience with trading. This helps the broker assess your suitability.
- Once you’ve completed the forms and uploads, submit your application for review. You’ll get an email confirming that your account is being processed.
- Most accounts are verified within one working day. You’ll receive login credentials for the client portal once your documents are approved.
Step 3: Fund your Account
After verification, you can log in, choose a funding method, and deposit at least $0 to activate your trading account.
Step 4: Start Trading
Can I open an IC account using my Kenyan ID?
Yes. You can open an account with your Kenyan national ID or passport, along with a proof of residence document.
How long does IC account approval take in Kenya?
Most Kenyan accounts are approved within 24 hours, provided that valid KYC documents are submitted during registration.
Comparing IC, FP Markets, and Pepperstone for Kenyan Traders
| IC | FP Markets | Pepperstone | |
| ⚖️ Regulation | CMA (Kenya), ASIC, CySEC, SCB | ASIC, CySEC, FSCA, FSA, FSC | CMA (Kenya), ASIC, FCA, CySEC, BaFin, DFSA, SCB |
| 📱 Trading Platform | MT4, MT5, cTrader, TradingView | MT4, MT5, cTrader, IRESS, FP App | MT4, MT5, cTrader, TradingView, WebTrader |
| 💰 Withdrawal Fee | No fees | Yes (varies by method) | No fees |
| 📊 Demo Account | Yes, unlimited if active | Yes, $100K virtual balance (30-day expiry by default) | Yes, unlimited and resettable |
| 📈 Minimum Deposit | $0 | AU$100 (or equivalent) | $0 (can fund from $10) |
| 📈 Leverage | Up to 1:5000 | Up to 1:500 | Up to 1:400 |
| 📊 Spread | From 0.0 pips (Raw); ~0.8 pips (Standard) | From 0.0 pips (Raw); ~1.0 pips (Standard) | From 0.0 pips (Razor); ~1.0 pips (Standard) |
| 💰 Commissions | $3.5 per lot (Raw); None (Standard) | $3 per side (Raw); None (Standard) | $3.5 per side (Razor); None (Standard) |
| ✴️ Margin Call / Stop-Out | 100% / 50% | 100% / 50% | 100% / 50% |
| ✴️ Order Execution | Market execution, no requotes | Market execution <40ms | Market execution, no dealing desk |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Standard, Raw (MT/cTrader), Islamic, Demo | Standard, Raw, Islamic, Demo | Standard, Razor, Pro, Islamic (not for KE), Demo |
| ⚖️ CMA Regulation | Yes (Licence No. 199) | No | Yes (Licence No. 128) |
| 💳 KES Deposits | No direct KES deposits | No | No |
| 📊 Kenyan Shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/7 (live chat & email) | 24/7 (live chat & email) | 24/5 (live chat & email) |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes (available to Kenyan clients) | Yes (swap-free, limited to 10 nights) | Yes, but not for Kenyan clients |
| 👉 Open account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
IC Platform Options for Kenyan Traders
IC gives traders in Kenya access to several powerful platforms.
cTrader
cTrader is IC most modern platform, offering precise execution and advanced order types. It’s well-suited to discretionary traders who value a clean, fast UI and full order book transparency.
Key Features
- Level II pricing with full market depth on all instruments.
- Offers VWAP indicators, detachable charts, and advanced stop systems.
- Hosted on LD5 Equinix data centre for ultra-low latency
- Integrated with TradingView for better charting options.
Best for traders who prefer manual execution with access to pro-grade order book tools.
MetaTrader 4 (MT4)
IC offers MetaTrader 4 across both Raw Spread and Standard accounts. It remains a favourite for many because of its reliability, charting flexibility, and huge community of automated tools.
Key Features
- Available on desktop, web, and mobile (Windows and macOS supported).
- Supports Expert Advisors (EAs) for algorithmic trading.
- Includes Trading Central, Autochartist, and MultiTerminal access.
- No restrictions on trading style or strategy.
Best for traders who want proven performance with EA support and flexible charting.
IC Social
IC Social is IC mobile-first social trading app, powered by Pelican Trading. It links directly with your MetaTrader account, letting you copy others, chat, and follow communities.
Key Features
- Copy trades directly from other traders with risk control settings.
- Instant messaging with other users and public chat rooms.
- Trade directly within the app (without switching between tools).
- Available on Android and iOS.
Best for newer traders or anyone who wants to follow and learn from experienced traders in real time.
MetaTrader 5 (MT5)
MetaTrader 5 offers expanded functionality and deeper analytical tools. It builds on MT4 with faster processing and multi-asset access.
Key Features
- Supports forex, shares, crypto, bonds, and indices from a single interface.
- Offers DOM (Depth of Market), MQL5 scripting, and advanced strategy testing.
- Hosted on Equinix NY4 for sub-millisecond execution speeds.
- Allows trading with no minimum order distance or FIFO restrictions.
Best for traders who want more advanced tools and faster processing across multiple assets.
IC VPS
IC offers VPS solutions to traders using automated strategies. This is key for anyone running EAs or algorithms that need uninterrupted market access and stable conditions.
Key Features
- Hosted near Equinix NY4 for near-zero execution delay.
- Available from providers like ForexVPS and IC VPS with MetaTrader pre-installed.
- 24/7 support and remote desktop access from any device.
- Free plans are available to traders meeting minimum lot thresholds.
Best for traders using Expert Advisors or latency-sensitive strategies who want constant uptime.
Signal Start
Signal Start is a subscription-based copy trading service. It works with both MT4 and MT5, offering full account mirroring and signal access.
Key Features
- Fully hosted, no manual syncing needed.
- Myfxbook-backed analytics and trade stats.
- Connect your account in under a minute.
- Email and chat support are available 24/7.
Best for traders who want a plug-and-play copy trading option with minimal setup or maintenance.
ZuluTrade
ZuluTrade lets you follow and copy traders from around the world. It’s a separate platform, but it works with IC live accounts, connecting you to a vast signal provider network.
Key Features
- Access to over 100,000 signal providers globally.
- ZuluGuard monitors trades and steps in to manage risk.
- Simulate performance and test before going live.
- Fully compatible with mobile devices and desktops.
Best for traders who prefer automated copy trading and want to diversify across multiple strategies.
TradingView
IC connects with TradingView through cTrader, unlocking the world’s most powerful charting platform. It’s ideal for traders who demand flexibility and visual precision.
Key Features
- 15+ interactive chart types and over 100 drawing tools.
- More than 400 built-in indicators and custom scripts are available.
- Desktop, mobile, and browser versions sync seamlessly.
- Integrated forex screener and news alerts.
Best for traders who want advanced visual analysis and social integration without compromising execution.
What platforms are available for trading with IC Kenya?
You can choose from MT4, MT5, cTrader, and TradingView, accessible via desktop, mobile, or browser
How quick is trade execution on IC Kenya?
Very fast. The average execution time is around 40 milliseconds due to IC low-latency infrastructure and servers located in Equinix data centers.
What Can You Trade on IC in Kenya?
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Kenyan Traders Should Be Familiar With This Type |
| 🏦 Forex CFDs | Trade 61 currency pairs with high leverage and ultra-tight spreads. Access major, minor, and exotic pairs. | EUR/USD, GBP/USD, USD/JPY | Forex is widely followed in Kenya. These pairs offer tight spreads and round-the-clock trading, making them ideal for active traders looking for international currency exposure. |
| 📊 Indices CFDs | Trade major global equity indices with no commission and spreads from 0.4 points. | US500, US30, UK100, SA40 | Kenyan traders often track these to gauge international market sentiment. SA40 offers regional exposure, while US and UK indices reflect economies closely tied to Kenya through trade or finance. |
| 🛢️ Commodities CFDs | Access spot and futures pricing across energy, metals, and agricultural commodities. | Coffee, Sugar, Corn, WTI, Gold | Kenya’s economy is exposed to food, fuel, and soft commodity price shifts. Coffee and sugar are of particular relevance, while crude oil influences transport and inflation. |
| 📈 Stocks CFDs | Trade over 2,100 large-cap global stocks—without owning them. Dividend adjustments apply. | Apple, Tesla, JPMorgan, BP, Coca-Cola | Global brands listed in New York and London are well known in Kenya. Stock CFDs provide speculative access to those without requiring ownership or overseas brokerage accounts. |
| 🪙 Cryptocurrency CFDs | Trade major cryptos 24/7 with leverage and no wallet needed. | BTCUSD, ETHUSD, DOGUSD, XRPUSD, ADAUSD | Many in Kenya are familiar with crypto, especially Bitcoin and Ethereum. CFDs allow speculation without handling wallets or exchange accounts—useful for hedging or short-term trading. |
| 📉 Bond CFDs | Speculate on global interest rate moves using government bond instruments. | UST10Y, UST30Y, UKGB | Kenya’s heavy dollar exposure makes US bond yields particularly relevant. UK bonds may also interest traders tracking the GBP or UK monetary policy due to historic and economic ties. |
| 🚀 Futures CFDs | Access futures-based products for macro sentiment and commodity direction. | Coffee_U5, WTI_Q5, Sugar_V5, Corn_U5, VIX | Kenyan traders with a macro view may use these to follow coffee pricing, oil costs, or global volatility. Especially relevant for those in agriculture or those watching USD strength. |
| 🏦 Precious Metals CFD | Derivatives based on key metals, tradable in various lot sizes. | Gold, Silver, Platinum, Palladium | Popular with traders watching inflation, rate decisions, or currency moves. Micro and mini lots available. |
| 📈 Turbo Stocks CFD | Short-term, leveraged trades on select global equities. | Nvidia, Meta, Tesla, Microsoft | Enables smaller capital exposure to high-profile stocks. Better suited to active or short-term traders. |
Are bonds available for Kenyan traders on IC?
Yes. IC offers access to bond CFDs from global markets, allowing Kenyan traders to speculate on bond price movements.
Can I trade global stocks on IC from Kenya?
Yes. IC Kenya offers over 1,800 stock CFDs, including shares from the US, UK, EU, and Asia
IC Spreads, Commissions, and Other Charges
IC is transparent about its fee structure. You won’t find surprise mark-ups or hidden costs. Instead, spreads, commissions, and swap charges are clearly defined depending on the account type and product.
Spreads
Spreads vary depending on whether you’re using a Raw Spread or Standard account. Raw accounts charge a commission but offer ultra-tight spreads, while Standard accounts bundle trading costs into the spread itself.
| Asset Class | Instrument | Raw Spread (Min) | Raw Spread (Avg) | Standard Spread (Min) | Standard Spread (Avg) |
| 🏦 Forex | EUR/USD | 0.0 pips | 0.02 pips | 0.8 pips | 0.82 pips |
| 🛢️ Commodities | Gold (XAU/USD) | 0.00 | 1.08 | 0.30 | 1.30 |
| 📊 Indices | US500 | 0.20 | 0.49 | 0.50 | 0.70 |
| 🪙 Crypto | BTC/USD | 8.71 | 42.04 | 10.00 | 45.00 |
| 📈 Metals | Silver (XAG/USD) | 0.00 | 0.89 | 0.25 | 1.00 |
| 📉 Bonds | US 10Y Note | — | 0.031 | — | 0.045 |
Commissions
Commission fees apply to Raw accounts only, specifically for forex and metal trades.
MetaTrader (MT4/MT5) Commissions
| Account Currency | Commission Per Lot (One Side) | Round Turn |
| USD | $3.50 | $7.00 |
| EUR | €3.25 | €6.50 |
| GBP | £2.75 | £5.50 |
| AUD | A$4.50 | A$9.00 |
| JPY | ¥550 | ¥1,100 |
Micro and mini lots are charged pro rata. For instance, 0.01 lot = $0.07 in a USD account.
cTrader & TradingView Commissions
- $3.00 per side per $100k traded → $6.00 round turn
- Charged per trade value, not per lot
- Auto-converted to your account currency
Islamic Account Holding Fees
IC offers swap-free accounts for Muslim traders, but they’re not entirely fee-free. After a 5-day grace period (on most instruments), a holding charge is applied:
Daily rate (per instrument), including weekends
Examples:
- BTCUSD: ~13 units/day
- XAUUSD: ~12 units/day
- EURUSD: ~3 units/day
Natural gas and some others incur fees from day one
These fees replace overnight interest, complying with Islamic finance principles
Inactivity Fees
An inactivity fee applies only after two full years of no trading or account login:
- $10 per month
- Charged until the account is reactivated or the balance hits zero
Deposit & Withdrawal Fees
Deposits are free from IC end, but payment providers may apply charges.
- International bank transfer: Approx. AUD 20 may apply
- Card withdrawals: Usually free
- E-wallets: No IC charge, but check the provider’s fees
IC doesn’t add markups any charge reflects actual bank or processor costs.
Currency Conversion Fees
If your deposit or withdrawal currency differs from your account’s base currency, conversion will apply at the spot exchange rate, calculated internally at the time of transfer.
There’s no fixed markup, but rates can vary slightly from retail Forex conversions.
Overnight Fees, Rollovers, or Swaps
Holding positions overnight on a regular (non-Islamic) account triggers a swap fee, based on:
- The instrument
- Your trade size
- Long or short direction
- Global interest rate differences
Swaps are auto-calculated and updated daily. Wednesday typically carries a triple charge to account for the weekend.
Does IC Kenya protect my account from going negative?
Yes. Traders benefit from negative balance protection and margin close-out features, as required by CMA regulations.
IC Deposits and Withdrawals for Kenyan Traders
IC (KE) supports a variety of funding and withdrawal options, including local currency support in Kenyan Shillings (KES).
With most deposits processed instantly and no added fees from IC (KE), the process is efficient, though you should watch for potential charges from your bank or payment provider.
| Method | Currencies Accepted | Processing Time | Fees Charged by IC (KE) |
| Credit/Debit Cards | KES, USD, EUR, GBP | Instant (Deposits) | None |
| 3–5 Business Days (Withdrawals) | None | ||
| Skrill/Neteller/Online Wallets | KES, USD, EUR, GBP | Instant (Both) | None |
| Local Bank Transfer | KES, USD, EUR, GBP | 1–2 Business Days (Local) | None |
| 2–14 Business Days (International) | None |
How to Deposit Funds to IC
IC (KE) recommends funding your account through the Secure Client Area, where deposits are processed in real time.
- Log in to your Secure Client Area.
- Select Deposit from the main menu.
- Choose your preferred method (Card, Skrill, etc.).
- Enter the amount and follow the instructions.
- Confirm the transaction.
How to Withdraw Funds with IC
IC (KE) only processes withdrawals through the Secure Client Area, and all requests made before 05:00 EAT are processed the same business day.
- Log in to your Secure Client Area.
- Navigate to Withdraw.
- Choose your preferred withdrawal method.
- Fill in the amount and required details.
- Submit your request.
Are there any deposit fees on IC in Kenya?
No. IC does not charge deposit fees. However, your bank or payment provider may charge third-party processing fees.
Is there a minimum deposit amount for IC Kenya?
Yes. The minimum deposit is USD 0 (about KES 0), regardless of the account type.
IC Research Tools and Learning Resources
| Tool | Description | Purpose for Traders |
| Video Tutorials | Covers platform setup, trade placement, account access, and more. Short, sharp walkthroughs without fluff. | Great for traders setting up MetaTrader, verifying accounts, or placing early trades without chasing YouTube guides. |
| Webinars | Topic-driven live sessions on strategy, market psychology, and event-based setups. | Helps Kenyan traders stay sharp during macro shifts like central bank updates, election risk, or global volatility spikes. |
| IC Insights (TipRanks) | Research dashboard showing analyst views, community sentiment, and price targets. | Offers deeper insights when trading global equities, crypto or forex for longer-term positioning or filtering noise. |
| Trading Central | Built-in MT4/MT5 analysis tool with trend signals, chart patterns, and forecast setups. | Adds extra technical analysis for those trading price zones on EUR/USD, GBP/USD, gold, and major indices. |
| Forex & CFD Education | Step-by-step guides on how margin, leverage, and CFD pricing actually work. | Clears up the fine print on trading costs, risk exposure, and how products like indices or commodities behave. |
| Trading Calculators | Includes pip value, margin, swap, profit/loss, and commission tools. | Essential for local traders calculating lot sizes, costs, and exposure on high leverage or smaller account balances. |
| Economic Calendar & FX News | Covers global events by region and impact, with time zone adjustment. | Keeps traders in Kenya synced with global events (e.g. NFP, CPI, rate decisions) while aligning them to EAT (East Africa Time). |
| Web TV & Podcasts | Short NYSE-based market commentary and long-form podcasts on macro themes. | Helps contextualise forex or commodity moves (like oil or coffee), and gives broader insight on what’s moving global markets. |
| Forex Glossary | Simple, practical definitions of key trading terms. | Handy for new traders brushing up on terminology without needing to translate jargon-heavy explanations. |
| Remote Technical Support (TeamViewer) | Real-time help for setting up platforms, fixing config issues, or troubleshooting. | Speeds up resolution for login errors, indicator installs, or when MT4/5 doesn’t behave on local devices. |
| Advanced Trading Tools (Live Account Only) | Adds 20+ pro-level tools to MT4/5 including alarms, sentiment, session maps, and tick charts. | Ideal for local traders using scalping or EA setups, or managing high-frequency positions during major sessions. |
| IC Blog | Daily technical and macro commentary, market outlooks, and opinion posts. | Keeps local traders informed of price levels and setups across forex, indices, and commodities without fluff or paywalls. |
What learning resources are offered by IC Kenya?
Plenty. They provide webinars, video guides, trading articles, forex calculators, and an up-to-date economic calendar in their Help Centre.
Does IC Offer Bonuses to Kenyan Traders?
IC offers a deposit bonus promotion that provides traders with extra non-withdrawable trading credit, including a 100% bonus on the first qualifying deposit and a 50% bonus on additional deposits.
The bonus increases available trading margin and market exposure while allowing traders to withdraw any profits generated through eligible trading activity, subject to the broker’s promotional terms and conditions.
| 🎯 Deposit # | 💵 Your Deposit | 📈 Bonus Rate | 🎁 Bonus Value |
| 🥇 1st Deposit | $1,000 | 100% | $1,000 |
| 🥈 2nd Deposit | $500 | 50% | $250 |
| 🥉 3rd Deposit | $750 | 50% | $375 |
| 🏆 Maximum Bonus Limit | Until you reach $25,000 | Applicable Terms | Bonus Credit Available |
How do I receive the Bonus?
Sign up for our Live Account, deposit and activate the bonus in your client area.
Are there any restrictions on how I can use the bonus?
Yes, the bonus cannot be used for hedging strategies. Also, it cannot be used for internal transfers, rebates, or adjustments.
IC Affiliate Program: How to Earn as a Partner
Kenyan traders who want to earn through referrals or portfolio management have access to IC Global’s partnership structure. This program is built around real trading volume, long-term client activity, and fund oversight for those managing capital.
Each option suits a different type of partner—from individual Introducing Brokers (IBs) to licensed asset managers and network builders.
Introducing Broker (IB) Programme – For Referring Kenyan Traders
If you refer active traders in Kenya (whether they trade forex majors like EUR/USD or scalp gold), you earn on every lot they trade. IC offers tiered commission rates that scale with your client base.
Example:
A Kenyan IB referring 15 clients trading 10 lots per week (each) would reach 600 lots monthly, unlocking commission on every trade.
What’s Offered:
- Custom dashboard to monitor client volume, commissions, and performance.
- Partner toolkit with banners, GIFs, and links (optional for local content).
- Tiered rewards based on total monthly lots traded.
- Dedicated partner support (email or direct access to a relationship manager).
- Transparent payouts, credited directly to your IB wallet.
| Monthly Closed Volume (Standard Lots) | Rebate per FX/Metals Lot |
| 100+ lots | $1.50 |
| 1,000+ lots | $2.25 |
| 2,000+ lots | $2.50 |
To stay enrolled, you’ll need to hit your tier consistently for 3 months.
Multi-Level Programme – Build a Local Partner Network
This option works for Kenyans who want to expand beyond direct clients. You can refer other IBs under you, and earn from their referred clients too. Think of it as an affiliate tree, with you at the top.
It suits regional leaders, trainers, community heads, or brokers building trader communities in Nairobi, Mombasa, Nakuru, and beyond.
What’s Offered:
- Multi-tier commissions from direct and second-level referrals.
- Real-time performance and commission tracking.
- Payouts available in USD, GBP, EUR, AUD.
- Weekly and monthly payout cycles via IB wallet.
- Help from partner managers to support your expansion strategy.
MAM & PAMM Accounts – For Licensed Portfolio Managers
If you’re licensed in Kenya (or managing offshore funds outside CMA scope), IC offers MAM and PAMM options to control client funds under a central trading account.
For MAM:
- You control all trades from one MT4 master account.
- Each client account reflects positions based on a predefined allocation.
- Risk levels can be customised per client.
- Minimum: $50,000 from at least 5 clients, and 12 months’ verifiable trading history.
For PAMM:
- Funds are pooled.
- All profits and losses are split proportionally by client contribution.
- Managers focus on performance, and IC handles the split automatically.
Both MAM and PAMM are not available to residents of the UK, EEA, or Japan, but Kenyan managers are eligible if they register under the Global entity.
How much can a Kenyan affiliate earn with IC?
Kenyan affiliates can earn up to $10 per lot traded by referred clients, depending on volume and agreement type. Higher tiers and custom deals are possible for top performers.
Are there tools for IC affiliates in Kenya?
Yes. IC provides affiliates with a full suite of tools, including real-time tracking dashboards, banners, landing pages, referral links, and performance analytics.
IC Support Channels and Availability
| Customer Support | IC Customer Support |
| ⏰ Operating Hours | Monday to Saturday, 09:00 – 17:00 (EAT). Sunday to Friday, 06:00 – 14:00 (GMT). |
| 🔊 Support Languages | English, with regional coverage via international lines. |
| 👥 Live Chat | Available via website 24/5 across platforms, including TradingView and MetaTrader. |
| ☎️ Email Address | support@ic.com |
| 🏆 Telephonic Support | +254 20 389 5082 (Kenya office), +248 467 1976 (international line). Standard call rates apply. |
| 📍 The Overall Quality of IC Support | Responsive, direct, and multi-channel. Kenyan traders can access local support via phone, email, or live chat—plus optional call-back forms through the site. |
IC Global Recognition and Industry Awards
IC has picked up multiple industry accolades over the years; most of them are awarded based on platform stability, pricing, and execution quality. The recognition isn’t limited to any one region, either.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Lowest Spread Forex Broker | FXEmpire. Awarded for consistent raw pricing, zero requotes, and spread transparency. |
| 2025 | Best Forex/CFD Broker in APAC 2024 | Voted by users on TradingView. Credited for platform reliability and overall service. |
| 2024 | Best Broker of the Year 2024 | Followme. Recognised for product range, stability, and order execution. |
| 2024 | Best MetaTrader Broker | Ranked by ForexBrokers.com for platform efficiency and trading features. |
| 2024 | Best in Class – Commissions & Fees | ForexBrokers.com. Cited for Raw Spread accounts with lower overall trading costs. |
| 2024 | Best Customer Support | FXScouts. Noted for responsive, round-the-clock service that spans global markets. |
Final Thoughts on IC in Kenya
IC gives Kenyan traders CMA regulation, raw pricing, and a decent choice between platforms. Support is available through a local office, and funding in Kenyan Shillings is accepted by card, wallet, or transfer. Platform access is broad, and there’s no restriction on trading style or strategy.
Commission-based accounts are clearly priced, and the rebate scheme rewards volume rather than deposits. For traders using automation, EAs, or high-frequency setups, the VPS and copy trading tools offer added reach.
Education, calculators, and technical support are available to those who need them, but aren’t pushed front and centre.
Key Advantages and Drawbacks of IC
🟢 Pros 🔴 Cons Locally regulated by CMA with physical office in Nairobi No direct KES base currency account Supports deposits and withdrawals in Kenyan Shillings No M-PESA support at the time of writing Access to MetaTrader 4, MetaTrader 5, cTrader, TradingView, and IC Social No cent accounts for micro-lot sizing Raw spreads from 0.0 pips with ultra-fast execution Islamic accounts charge a holding fee after 5 days No markup or deposit fees from IC Kenya No welcome bonuses or deposit promotions Low commission on cTrader accounts compared to many local brokers Futures CFDs only available on MetaTrader 4 Multiple funding methods including cards, local bank transfer, Skrill, and Neteller No Trading Bonus for new accounts Transparent fee structure with no hidden charges
IC Review Detailed Summary
| Category | Details |
| 🌍 General Information | |
| 🌟 Company Name | IC |
| 📅 Year Founded | 2007 |
| 🏢 Head Office | Sydney, Australia |
| ☎️ Head Office Telephone | +61 2 8014 4280 |
| 🌐 Website | Yes |
| 🌍 Regulatory Bodies | ASIC, FSA, CySEC |
| 🏛️ Tier-1 Licenses | ASIC |
| 🏢 Tier-2 Licenses | CySEC |
| 🏢 Tier-3 Licenses | FSA |
| 👥 Active Traders Globally | 180,000+ |
| 🏆 Awards | Multiple Forex Industry Awards |
| 📈 Trading Desk Type | ECN |
| 🛡️ Is IC Safe? | Yes (Regulated in multiple jurisdictions with tight spreads and transparency) |
| 🌎 Accept US Clients | No |
| 🛡️ Negative Balance Protection | Yes |
| 📂 Account Details | |
| 💵 Account Types | Standard, Raw Spread, VIP |
| 🌍 Account Opening Languages | Multiple (English, Chinese, Spanish, etc.) |
| 🌟 Islamic Account Available | Yes |
| ⏱️ Account Opening Time | Within 24 hours |
| 💰 Minimum Deposit | $0 (KES 0) |
| 🏦 Deposit Methods | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill, Crypto |
| 📊 Demo Account Available | Yes |
| 💼 Welcome Bonus | No |
| ⚡ Deposit Processing Time | Instant |
| 📉 Trading Features | |
| 💹 Leverage | Up to 1:5000 |
| 📊 Spreads | Raw Spreads starting from 0.0 pips, Standard Spreads from 1.0 pip |
| 🔄 Swap-Free Accounts | Yes (Islamic accounts) |
| ⚡ Scalping Allowed | Yes |
| 🛡️ Hedging Allowed | Yes |
| ⚙️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 🖥️ Desktop App | Yes |
| 📱 Mobile App | Yes (iOS & Android) |
| 🌍 Trading Products | Forex, Stocks, Commodities, Indices, Cryptocurrencies, Bonds |
| 🏦 Major Pairs Available | Yes |
| 🛠️ Technical Tools | Advanced Charting, AutoChartist, TradingView, Technical Indicators |
| 📈 Charting Tools | Yes |
| 📊 Advanced Indicators | Yes |
| ⏳ Time Frames | Multiple (1 minute to monthly) |
| 📌 Alerts | Yes (Trade Alerts & Notifications) |
| 🔍 Watch List | Yes |
| 🌟 AutoChartist | Yes |
| 📖 Education & Support | |
| 📚 Learning Materials | Yes (Articles, Videos, Tutorials, E-books) |
| 🗓️ Economic Calendar | Yes |
| 🧑🏫 Weekly Webinars | Yes |
| 🌟 Beginners Friendly Platform | Yes |
| 🛠️ Trading Tools | Currency Converter, Pip Calculator, Risk Management Tools |
| 📧 Email Support | Yes |
| ☎️ Phone Support | Yes |
| 💬 Live Chat Support | Yes |
| 🌟 User Experience Score | High |
| Social Media Platforms | |
| IC Facebook | |
| IC Twitter | |
| 📹 YouTube | IC YouTube |
| IC LinkedIn | |
| IC Instagram | |
| 🎥 TikTok | Not specified |
| 🪙 Fees & Costs | |
| 🪙 Deposit Fee | No |
| 🏦 Withdrawal Fee | No |
| 💸 Inactivity Fee | No |
| 💵 Commission Fee | No (Fixed Spreads, Raw Spread with small commission) |
| 💳 Payment Methods | Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill, Cryptocurrencies |
| 🪙 Trading Models | |
| 🔄 STP (Straight Through Processing) | Yes |
| 📈 Market Maker | No |
| Special Features | |
| 🌐 VPS Hosting | Yes |
| ⚙️ API Trading Support | Yes |
| 🖥️ Copy Trading | Yes (via ZuluTrade) |
| 📲 Mobile Trading Experience | High |
| 🛠️ Advanced Tools | Yes (Risk Management, AutoChartist, Trading Stats) |
| 🛠️ Instruments Offered | |
| 📈 Forex Trading | Yes |
| 📉 Indices CFDs | Yes |
| 🛢️ Commodity CFDs | Yes |
| 📊 Stock CFDs | Yes |
| 🪙 Cryptocurrency CFDs | Yes |
| 🇰🇪 Kenya-Specific Features | |
| 💵 Local Payment Methods | Yes (Bank Transfers, E-wallets) |
| 🏦 KES Account Availability | Yes (Kenya Shilling accounts available) |
| 💰 Low Minimum Deposit | Yes ($0 for Standard |
| 📞 Localized Customer Support | Yes (24/5 English support, multilingual) |
| 🎁 Bonuses & Promotions | Yes (Region-specific offers, occasional bonuses) |
| 📈 Market Access | Global market trading, including Forex, Stocks, Cryptos, Indices |
| 🌟 Final Ratings | |
| 🌟 Beginner Friendliness | High |
| 📚 Education Quality | High |
| 💵 Deposit & Withdrawal Process | Seamless |
| 📊 Platform Quality | High (MT4, MT5, cTrader) |
| 💬 Customer Service Quality | Excellent |
| 🌟 Trustworthiness | 90% |
| 🚀Sign up | 👉 Open Account |
Sources and References Used in This Review
Frequently Asked Questions
Is IC regulated in Kenya?
Yes. IC Kenya Limited holds a CMA license (No. 199) to operate as a non-dealing online FX broker.
What is the minimum deposit for IC in Kenya?
The minimum is USD 0, roughly equivalent to about 0 KES.
Does IC Kenya support M‑Pesa?
No, M‑Pesa is not supported for deposits or withdrawals.
How fast is trade execution on IC Kenya?
Average execution is around 40 milliseconds, thanks to low‑latency servers located in Equinix NY4.
Does IC charge deposit or withdrawal fees?
No. IC doesn’t charge internal fees, though banks or intermediaries may apply standard conversion or transfer charges.
Does IC Kenya offer negative balance protection?
Yes. Clients benefit from negative balance protection under CMA regulations, including margin close‑out safeguards.
Is a demo account available in Kenya for IC?
Yes. Demo accounts across all platforms (MT4, MT5, cTrader, TradingView) are available for practice before going live.
Which trading platforms does IC offer in Kenya?
They offer MetaTrader 4, MetaTrader 5, cTrader, and TradingView across desktop, mobile, and web.
Does IC Kenya support copy trading?
Yes. They offer social and copy‑trading via cTrader Copy and integration with TradingView.
What educational tools does IC Kenya offer?
They provide webinars, video tutorials, articles, Forex calculators, and an economic calendar in their Help Centre.
Can I trade cryptocurrencies with IC Kenya?
Yes. They offer trading in 18 to 21 cryptocurrency pairs, available 24/7 via MT4 and MT5.
Does IC Kenya provide Islamic (swap‑free) accounts?
Yes. Swap‑free Islamic accounts are available on MT4, MT5, and cTrader platforms.
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