Top 8 Locally Based Brokers
IC Markets Review
Overall, IC Markets is very competitive in terms of its trading fees and spreads. IC Markets has over 1000 active Kenyan traders and offers an average spread from 0.0 pips. IC Markets offers three retail accounts and has a rating of 9 out of 10. IC Markets is currently not regulated by the CMA of Kenya
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
IC Markets Review – 14 key points quick overview:
Regulation and Safety of Funds- Account Types and Features
- Account Registration
- IC Markets Vs NinjaTrader Vs eToro – Broker Comparison
- Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- IC Markets Education and Research
- IC Markets Affiliate Program
- Verdict on IC Markets
- IC Markets Pros and Cons
- Frequently Asked Questions
IC Markets Overview
👉 IC Markets is a low-risk broker and one of the only true ECN brokers in the industry. Kenyans can trade a wide range of financial markets at competitive trading conditions, using powerful trading platforms.
👉 IC Markets is a respectable financial institution that is heavily regulated by several regulatory bodies. While the foreign broker is not regulated by the Capital Markets Authority (CMA), IC Markets is regulated by ASIC, CySEC, the Seychelles FSA, and the SCB.
👉 This genuine ECN broker offers a comprehensive range of trading choices with spreads starting at 0.0 pips on the most popular trading platforms, as well as deep liquidity from a diversified pool of liquidity providers, ensuring rapid transaction execution at the best available price.
👉 This IC Markets review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with IC Markets is as follows:
➡️️ Vietnam – 11.21%
➡️️ United Kingdom – 5.97%
➡️️ Australia – 5.86%
➡️️ Poland – 4.99%
➡️️ Kenya – 3.72%
Popularity among traders who choose IC Markets
🥇 IC Markets is an Australian-based broker that has a decent market share in Kenya, placing it in the Top 10 brokers for Kenyan traders.
IC Markets At a Glance
| 🏛 Headquartered | Sydney, Australia |
| 🏙 Kenyan Based Office | No |
| ✅ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2007 |
| 📞 Kenyan Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook |
| ⚖️ Regulation | ASIC, CySEC, FSA, SCB |
| 🪪 Regulatory Licenses | • Seychelles – SD018 • Australia – AFSL 335692 • Cyprus – 362/18 • Bahamas – SIA-F214 |
| ⚖️ CMA Regulation | No |
| 🚫 Regional Restrictions | United States, Canada, Iran, Yemen, and OFAC countries |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| 📊 PAMM Accounts | MAM Accounts |
| 🤝 Liquidity Providers | 25 |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Average spread | From 0.0 pips |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a Kenyan shilling Account? | No |
| 👨💻 Dedicated Kenyan Account Manager? | No |
| 📊 Maximum Leverage | 1:500 |
| 🚫 Leverage Restrictions for Kenya? | No |
| 💰 Minimum Deposit (KES) | 23,000 Kenyan shilling equivalent to $200 |
| ✅ Kenyan shilling Deposits Allowed? | No |
| 📊 Active Kenyan Trader Stats | 70,000+ |
| 👥 Active Kenyan-based IC Markets customers | 1000+ |
| 💳 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | • Credit Card • Debit Card • PayPal • Neteller • Neteller VIP • Skrill • UnionPay • Bank Wire Transfer • Bpay • FasaPay • Broker to Broker • POLi • Thai Internet Banking • Vietnamese Internet • Banking • Rapidpay • Klarna |
| 🏦 Segregated Accounts with Kenyan Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader |
| ✔️ Tradable Assets | • Forex • Commodities • Indices • Bonds • Cryptocurrencies • Stocks • Futures |
| 💸 Offers USD/KES currency pair? | No |
| 📈 USD/KES Average Spread | N/A |
| 📉 Offers Kenyan Stocks and CFDs | None |
| 🗣 Languages supported on Website | English, Spanish, Russian, Thai, Malay, Vietnamese, Italian, Portuguese, and several others |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/7 |
| 👥 Kenyan-based customer support? | No |
| ✅ Bonuses and Promotions for Kenyans | No |
| 📚 Education for Kenyan beginners | Yes |
| 📱 Proprietary trading software | No |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✅ Is IC Markets a safe broker for Kenyans? | Yes |
| 📊 Rating for IC Markets Kenya | 9/10 |
| 🤝 Trust score for IC Markets Kenya | 85% |
| 👉 Open an account | 👉 Open Account |
Regulation and Safety of Funds
Complying with ASIC regulations, IC Markets AU ensures that its capital adequacy standards are always met, coupled with internal risk management and employee training needs, as well as ASIC regulations. IC Markets AU relies on external audits to augment and verify regulatory compliance.
An internal risk management system is in place at IC Market Global to guarantee that appropriate capital needs are always met. IC Markets Global relies on external audits to support its operational and accounting processes and to guarantee complete compliance with applicable regulations.
Compliance with CySEC regulations and high financial standards, including capital adequacy and audit requirements, is expected of all CySEC-licensed financial services providers. Our compliance environment at IC Markets EU is governed by stringent managerial discipline and world-class controls.
In terms of segregated funds, the following is guaranteed:
➡️ IC Markets AU – When money is deposited into a trading account registered through ASIC, funds are stored in separate client accounts with Australian banks. IC Markets is a trusted entity that complies with Australian Client Money Handling Rules and has stringent rules and processes in place to manage and operate these accounts.
➡️ IC Markets Global – When traders fund their trading accounts through IC Markets Global, funds are housed in segregated client accounts at top-tier financial institutions. In addition, Kenyan traders must note that IC Markets Global fully adheres with the directives of Securities (Conduct of Business) Regulations 2018. In addition, IC Markets follows stringent standards and processes when it comes to the management and administration of these accounts.
➡️ IC Markets EU – Through the CySEC regulation, client funds are held in segregated trust accounts with top-tier European banks by IC Markets EU. Client funds are handled in line with MiFID II and are segregated from IC Markets’ EU corporate funds. IC Markets segregates customer cash from business funds and does not utilize them for operating expenditures or purposes.
Account Types and Features
IC Markets provides three separate retail investor accounts, each with its own set of features and trading conditions tailored to the needs of a certain sort of trader. The account types that Kenyans can choose between are as follows:
➡️ cTrader Account
➡️ Raw Spread Account
➡️ Standard Account
Live Trading Accounts
cTrader Account
To meet the specific needs of CFD traders, cTrader has developed a variety of innovative and robust trading tools and charting choices, all of which can be accessed through the cTrader account.
| Account Feature | Value |
| 💻 Trading Platform | cTrader |
| 💸 Commission | $3 per side and $6 per round turn |
| 📊 Typical Average Spreads | 0.0 pips |
| 💵 Minimum Deposit Requirement | 23,000 Kenyan shilling equivalent to $200 |
| 📈 Leverage | 1:500 |
| 📱 Maximum positions per account | 2,000 |
| 📍 Server Location | London |
| 💳 Micro trading allowed? | Yes |
| 📉 Currency Pairs | 64 |
| 📊 Index CFD Trading | Yes |
| 📞 Margin Call | 100% |
| 🛑 Stop-out | 50% |
| 👆 One-Click Trading offered? | Yes |
| ☪️ Islamic Accounts | Yes |
| ✔️ Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic strategies, etc. |
| 👥 Programming Language | C# |
| ✔️ Suitable for | Day traders, scalpers, active traders |
| 💵 Demo Account offered? | Yes |
Raw Spread Account
👉 Trading using the Raw Spread Account has the lowest spreads, but it also comes with a little commission cost. In addition, this account is renowned for its substantial liquidity and fast execution times. Accounts in this category are best suited for day traders and other types of high-frequency investors like expert advisers and scalpers.
| Account Feature | Value |
| 💻 Trading Platform | MetaTrader 4 and 5 |
| 💸 Commission | $3.5 per side and $7 per round turn |
| 📊 Typical Average Spreads | 0.0 pips |
| 💵 Minimum Deposit Requirement | 23,000 Kenyan shilling equivalent to $200 |
| 📈 Leverage | 1:500 |
| 📱 Maximum positions per account | 200 |
| 📍 Server Location | New York |
| 💳 Micro trading allowed? | Yes |
| 📉 Currency Pairs | 64 |
| 📊 Index CFD Trading | Yes |
| 📞 Margin Call | 100% |
| 🛑 Stop-out | 50% |
| 👆 One-Click Trading offered? | Yes |
| ☪️ Islamic Accounts | Yes |
| ✔️ Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic trading, etc. |
| 👥 Programming Language | MQL4 |
| ✔️ Suitable for | Expert advisers, scalpers |
| 💵 Demo Account offered? | Yes |
Standard Account
👉 The IC Markets Standard Account has no commissions and good execution speeds. This is the best account for discretionary Kenyan traders.
| Account Feature | Value |
| 💻 Trading Platform | MetaTrader 4 and 5 |
| 💸 Commission | None |
| 📊 Typical Average Spreads | 0.6 pips |
| 💵 Minimum Deposit Requirement | 23,000 Kenyan shilling equivalent to $200 |
| 📈 Leverage | 1:500 |
| 📱 Maximum positions per account | 200 |
| 📍 Server Location | New York |
| 💳 Micro trading allowed? | Yes |
| 📉 Currency Pairs | 64 |
| 📊 Index CFD Trading | Yes |
| 📞 Margin Call | 100% |
| 🛑 Stop-out | 50% |
| 👆 One-Click Trading offered? | Yes |
| ☪️ Islamic Accounts | Yes |
| ✔️ Trading Styles accepted | Scalping, hedging, expert advisors, algorithmic trading, etc. |
| 👥 Programming Language | MQL4 |
| ✔️ Suitable for | Discretionary Traders |
| 💵 Demo Account offered? | Yes |
Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and IC Markets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Islamic Accounts with IC Markets allow Muslim traders to trade over 90 instruments without earning or paying interest on overnight holdings. On swap-free accounts, trades in currencies, commodities, and indices, except for exotic currency pairings, Brent, Natural Gas, and WTI, are not subject to swap or interest.
In the following currency pairings, flat rate financing costs will be levied on any agreements that stay open for longer than one day. Rates and holding periods may be changed as market conditions dictate. Commissions and spreads for IC Markets’ Raw Spread and Standard Accounts are effective immediately.
Commissions on Islamic Accounts vary from $5 and $80 per lot, depending on the financial products. Additionally, Friday evenings include a triple fee.
Account Registration
IC Markets’ rapid account registration and immediate deposit options ensure that traders in Kenya can have their accounts up and running quickly. An investor’s registration process begins with the submission of basic personal information such as a valid email address.
Kenyan traders can register a trading account after the email verification process has been completed.
How To Open An Account
👉 Step 1 – Go to The Official IC Markets Website
➡️ Go to the official IC Markets website (https://www.icmarkets.com/global/en/) and click on “Start Trading”
👉 Step 2 – Fill Out Your Details
➡️ Fill out your personal details such as your first and last name. Now proceed with the steps about yourself, your trading history, and click on “Next” to finish your registration.
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 23120 KES
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
IC Markets Vs NinjaTrader Vs eToro – Broker Comparison
| IC Markets | NinjaTrader | eToro | |
| ⚖️ Regulation | ASIC, CySEC, FSA, SCB | NFA | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader | • NinjaTrader Desktop • NinjaTrader Mobile • CQG Mobile | eToro proprietary platform |
| 💰 Withdrawal Fee | None | Yes | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 23,000 KES | 5,700 KES | 23,000 KES |
| 📈 Leverage | 1:500 | 1:50 | 1:400 (Professional) |
| 📊 Spread | From 0.0 pips | 1.1 pips | From 1 pip |
| 💰 Commissions | From $3 to $3.5 | From $0.09 | None |
| ✴️ Margin Call/Stop-Out | 100%/50% | None | None indicated |
| ✴️ Order Execution | Market | Instant, Market | Instant, Market |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | • cTrader Account • Raw Spread Account • Standard Account | • Forex Account • Futures Account | • Retail Account • Professional Account |
| ⚖️ CMA Regulation | No | No | No |
| 💳 KES Deposits | No | No | No |
| 📊 Kenyan shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/6 |
| 📊 Retail Investor Accounts | 3 | 2 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📊 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited | 100 lots | 100 lots |
Trading Platforms
👉 IC Trader provides Kenyan traders access to three of the most popular and powerful trading platforms, and these are
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
👉 Clients of IC Markets get access to the award-winning MetaTrader 4 trading platform. Because MT4 is simple to use and has a feature-rich environment, and automated trading capabilities, it is unquestionably the most popular forex trading platform in the world.
👉 MT4 trading platform has evolved into a worldwide community where technology providers can meet the needs of traders. It is IC Markets’ pleasure to offer Kenyan traders the latest version of the MetaTrader 4 platform, which has been created to refine the trading strategies of Kenyan traders.
👉 With the new MetaTrader 5 platform, IC Markets is certain that it has everything that Kenyan traders need for successful market trading.
👉 Traders can monitor and handle their open positions more effectively thanks to MetaTrader 5’s superior charting technology and order management capabilities. It is a robust trading platform with a slew of brand-new tools to make the overall trading experience even better.
👉 When it comes to speed and liquidity, cTrader combines the best of both worlds to provide customers with an all-encompassing trading platform. It employs proven technologies that will allow Kenyan traders to take their trading to a new level.
👉 Another innovative part of cTrader is the cIAgo interface and platform. Customized technical indicators for technical analysis can be developed using the source code editor and the C# programming language. cTrader’s built-in indicators will be joined by any custom indicators that Kenyans create.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
👉 MetaTrader 4 and 5’s WebTrader combines the speed and simplicity of a web-based program with MetaTrader’s order-placement features. It is possible to trade in the IC Markets environment with no dealing desk (NDD) using MetaTrader WebTrader, a web-based trading platform.
👉 One-click trading, narrow spreads, and Level II pricing are all available on MetaTrader WebTrader, as is a customizable trader dashboard for keeping an eye on open positions.
👉 cTrader Web combines the speed and convenience of a web-based application with cTrader’s order execution capabilities. Trading with IC Markets is easier than ever with cTrader Web, a user-friendly web-based trading platform.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
👉 MetaTrader 4 and MetaTrader 5 are both available on Android and iOS mobile devices as an application. Traders can subsequently access their accounts from any location thanks to these apps.
👉 The iOS and Android landscape-to-portrait view switcher is used in IC Markets’ mobile MetaTrader application (a simple rotation of the device).
👉 Apart from offering one-click trading, layout customization, and comprehensive charting and analysis, the MetaTrader mobile application also provides these additional features. To get the most out of the IC Markets mobile MetaTrader apps, Kenyan traders need not have sacrifice execution speed or quality.
👉 IC Markets cTrader for Android and iOS is a native software that provides the finest in FX trading. Using the chart’s built-in trend indicators, oscillators, volatility measurements and line drawings is all that traders need for efficient technical analysis.
👉 With our tight spreads and lightning-fast execution, traders can trade with IC Markets from anywhere. As with cTrader Web for Mobile, traders can expect shorter startup times and a more user-friendly interface.
Range of Markets
👉 IC Markets offers the following tradable instruments:
➡️ Forex
➡️ Commodities
➡️ Indices
➡️ Bonds
➡️ Cryptocurrencies
➡️ Stocks
➡️ Futures
Broker Comparison for Range of Markets
| IC Markets | NinjaTrader | eToro | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | No | Yes |
| ➡️️ ETFs | No | No | Yes |
| ➡️️ CFDs | Yes | No | Yes |
| ➡️️ Indices | Yes | No | Yes |
| ➡️️ Stocks | Yes | No | Yes |
| ➡️️ Cryptocurrency | Yes | No | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | No | Yes |
| ➡️️ Bonds | No | No | No |
Trading and Non-Trading Fees
Spreads
👉 With IC Markets, Kenyan traders can choose their own spreads, and the fees they pay will vary based on the kind of financial instrument that is being traded, the account type, and the current state of the market. Average spreads for trading the EUR/USD currency pair are shown below:
➡️ cTrader Account – 0.0 pips
➡️ Raw Spread Account – 0.0 pips
➡️ Standard Account – 0.6 pips
Commissions
👉 Account holders with zero-price spread trading accounts are charged fees by IC Markets to offset their broker’s costs. Customers in Kenya who open a live trading account with IC Markets may anticipate paying the following commissions:
➡️ cTrader Account – $3 per side and $6 per round turn
➡️ Raw Spread Account – $3.5 per side and $7 per round turn
👉 In addition, the commission charges that are applied to the Islamic account vary from $5 to $80 to compensate for the lack of overnight fees.
Overnight Fees, Rollovers, or Swaps
👉 In the foreign exchange market, a swap rate or rollover refers to the overnight interest added or deducted to keep a deal open overnight. To determine swap rates for a currency pair, the overnight interest rate disparities between the two currencies are considered.
👉 It is important for traders to bear in mind that they will be charged a fee if they leave their positions open until the following trading day. On both sides of the deal, certain financial products might have negative swap rates. To compute swaps, trading platforms use a system of points, which are then translated into the account base currency.
👉 Every financial instrument has a unique swap rate that is measured by the standard size of 1 standard lot, which is 100,000 units of the base currency. IC Markets has some of the following average overnight fees:
➡️ EUR/USD – a long swap of 3.9 and a short swap of 0.75
➡️ GBP/USD – a long swap of -1.82 and a short swap of -3.91
➡️ USD/JPY – a long swap of 1.75 and a short swap of -4.6
➡️ XAU/USD – a long swap of -3.5 and a short swap of -0.8
➡️ XAG/USD – a long swap of -0.98 and a short swap of -0.2
➡️ USTEC – a long swap of -1.12 and a short swap of -1.06
➡️ XBR/USD – a long swap of 7.04 and a short swap of -10.9
➡️ XTI/USD – a long swap of 6.01 and a short swap of -8.82
Deposits and Withdrawals
IC Markets offers the following deposit and withdrawal methods:
➡️ Credit Card
➡️ Debit Card
➡️ PayPal
➡️ Neteller
➡️ Neteller VIP
➡️ Skrill
➡️ UnionPay
➡️ Bank Wire Transfer
➡️ Bpay
➡️ FasaPay
➡️ Broker to Broker
➡️ POLi
➡️ Thai Internet Banking
➡️ Vietnamese Internet Banking
➡️ Rapidpay
➡️ Klarna
How to Deposit Funds with IC Markets
To deposit funds into an IC Markets account, traders must log into their trading account, select a deposit method, and select a deposit currency. Next, traders can enter the amount they want to deposit and complete any additional actions as requested by the payment provider.
How to Withdraw Funds with IC Markets
A withdrawal request must be submitted to remove funds from an IC Markets account. There is an online form to fill out in the trader’s Client Area for this request. Withdrawal requests may be submitted before noon AEST/AEDT so that the withdrawal can be handled the next business day.
Overall Rating
- 4.7/5
Min Deposit
USD 200 / 23120 KES
Regulators
ASIC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
IC Markets Education and Research
IC Markets offers the following Educational Materials:
➡️ Trading Knowledge
➡️ Advantages of Forex
➡️ Advantages of CFDs
➡️ Video Tutorials
➡️ Web TV
➡️ Webinars
➡️ Podcasts
➡️ Getting Started – which contains 10 lessons
IC Markets offers Kenyan traders the following Research and Trading Tools:
➡️ Economic Calendar
➡️ Market Analysis Blog
➡️ Forex Calculators
➡️ Forex Glossary
IC Markets Affiliate Program
IC Markets is a dynamic and attractive affiliate program that pays partners according to the trading volume of their referrals in a competitive and rewarding manner. The IC Markets affiliate program mandates that partners bring in new active traders.
Tools, features, and specialized customer service are available to IC Markets’ partners. Affiliates may benefit from working with IC Markets in a variety of ways:
➡️ Access to the best trading performance
➡️ The ability to expand a business while simultaneously guiding clients
➡️ Converting leads using expert support from IC Markets
➡️ Access the ability to expand business
➡️ Access financial advice and guidance that is provided by a professional affiliate team
➡️ Stay ahead of the competition
➡️ Receive detailed reports and insights
➡️ Access flexible funding options through IC Markets
Verdict on IC Markets
In terms of forex brokers, IC Markets is a top choice for both new and experienced traders. As one of the top ECN brokers, IC Markets can effortlessly maintain its high daily trading volume. This ensures that traders around the world have access to sufficient market liquidity.
A wide range of complicated products is available to Kenyan traders via IC Markets, which allows them to trade on any financial exchange. All Kenyan retail investor trading accounts are protected against negative balances, and traders may use a variety of financing methods, including bank transfers and others.
An extensive third-party tool is available to Kenyan high-volume traders, but IC Markets also provides a wide range of additional features that may help traders get an advantage in the market.
IC Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| IC Markets is a multi-regulated broker with a high trust score | The initial minimum deposit is higher than that of competitors |
| IC Markets offers a choice between three powerful trading platforms | A conversion fee may apply for Kenyan traders who fund their account in KES |
| Kenyan traders can expect institutional-grade liquidity | Kenyan traders cannot use KES as the base account currency for a trading account |
| IC Markets is one of few brokers that have a true ECN model | IC Markets does not offer any proprietary trading platforms |
| Hedging, scalping, and several other trading strategies are allowed | |
| Traders have access to a FIX API connection when they use cTrader | |
| There are low trading and non-trading fees, with the benefit of a demo and Islamic account | |
| IC Markets is transparent about its fee schedule, which further instils trust |
Frequently Asked Questions
Is IC Markets a legit and safe broker?
IC Markets is considered safe. It is legit as it is regulated by ASIC, CySEC, FSA, and SCB.
Which trading platforms are supported by IC Markets?
IC Markets supports the use of these trading platforms:
- MetaTrader 4
- MetaTrader 5
- cTrader
What is the minimum deposit required to register an account with IC Markets?
23,000 Kenyan shilling equivalent to $200.
What is the overall rating for IC Markets out of 10?
9/10.
Is IC Markets suitable for beginner and professional traders?
Yes, IC Markets is an ideal broker that can be used by beginner and professional traders.
