IC Markets Review
Overall, IC Markets allows Malaysian traders to access forex, commodities, and global indices under offshore licences. IC Markets supports popular platforms and competitive spreads, with client accounts held in trust.
Although not licensed locally, many Malaysians choose IC Markets for consistent execution and competitive account structures across multiple instruments.
 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Essential Details About IC Markets for Malaysian Traders
| Category | Details |
| 🏦Malaysia Office Address | Not listed. IC Markets does not maintain a physical branch in Malaysia. The nearest offices are in Seychelles, Australia, Cyprus, Kenya, and the Bahamas. |
| 📧Email Support | [email protected] |
| 📞Phone Support (Malaysia) | Not listed. Traders in Malaysia can use the international line: Call +248 467 19 76 (standard international rates apply). |
| 💬Live Chat | Available 24/7 via the IC Markets website. |
| ⏱️Customer Support Hours | 24/7 coverage through live chat, email, and phone. |
| ⏳Office Operating Hours | Offices generally operate Monday–Saturday, 7 am – 7 am AEST (effectively round-the-clock). This is the standard support window for Seychelles and Bahamas entities, which most Malaysian clients fall under. |
| 🌐Official Website | www.icmarkets.com |
| 🚀 Sign up | 👉Open Account |
5 Best Forex Brokers in Malaysia
Rank | Broker | Review | Regulators | Min Deposit | Official Site |
🥇 |  | Read Review | ASIC, CySEC, IFSC, DFSA, FCA | $5 | Visit Broker |
🥈 |  | Read Review | FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine | $0 | Visit Broker |
🥉 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Broker |
#4 |  | Read Review | CySEC, MISA, FSCA, FSC | $20 | Visit Broker |
#5 |  | Read Review | FSC, ASIC, CySEC | $5 | Visit Broker |
Who Regulates IC Markets?
IC Markets is regulated by the FSA, ASIC, CySEC, SCB, and CMA. IC Markets is not regulated in Malaysia, and it does not hold a licence from Bank Negara Malaysia or the Labuan Financial Services Authority.
| Regulator / Authority | Region / Country | License / Registration No. | Status / Description |
| Seychelles Financial Services Authority (FSA) | Seychelles | Licence No. SD018, Company Registration No. 8419879-2 | Malaysians are onboarded under Raw Trading Ltd. Client funds are held in segregated trust accounts. |
| Australian Securities and Investments Commission (ASIC) | Australia | AFS Licence No. 335692, ACN 123289109 | High-tier regulation. Applies only to Australian residents, not Malaysians. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | CIF Licence No. 362/18 | Regulates IC Markets (EU) Ltd. Covers EU clients with investor protection of up to €20,000. |
| Securities Commission of The Bahamas (SCB) | The Bahamas | Licence No. SIA-F214, Company Registration No. 76823 C | Offshore regulation covering some international accounts. |
| Capital Markets Authority (CMA) | Kenya | Licence No. 199 | Regulates IC Markets (KE) Ltd for Kenyan residents only. Not applicable to Malaysian accounts. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Account Features for Malaysian Traders Using IC Markets
| Live Account | Minimum Dep. | Open an account | Leverage | Commissions |
| Raw Spread – MetaTrader | $200 | 👉Open Account | Up to 1:1000 | $3.50 per lot (per side) |
| Raw Spread – cTrader | $200 | 👉Open Account | Up to 1:1000 | $3.00 per $100k (per side) |
| Standard – MetaTrader | $200 | 👉Open Account | Up to 1:1000 | None |
MetaTrader Raw Spread Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📉 Spread Pips | From 0.0 pips, EUR/USD often averages 0.1 |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, indices, metals, crypto, commodities, bonds, shares |
| 🏆 Best For | Traders using Expert Advisors, scalpers, high-volume strategies |
| ✅ Advantages | Deep liquidity, tight spreads, no minimum stop distance, commission $3.50 per lot per side, low-latency execution from NY4 servers |
| 🚀Sign up | 👉Open Account |
cTrader Raw Spread Account
| Account Feature | Value |
| 💻 Trading Platforms | cTrader, TradingView |
| 📉 Spread Pips | From 0.0 pips, EUR/USD averages about 0.1 |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, indices, metals, crypto, commodities |
| 🏆 Best For | Traders who prefer cTrader’s interface or use TradingView for charting and order flow |
| ✅ Advantages | Level II pricing with full market depth, commission $3 per $100k per side, hosted in London data centre, no trading restrictions |
| 🚀Sign up | 👉Open Account |
Standard Account (MetaTrader)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📉 Spread Pips | From 0.8 pips, EUR/USD typically around 0.8 |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, shares, indices, metals, crypto, commodities, bonds |
| 🏆 Best For | Traders who want pricing built into the spread with no commission |
| ✅ Advantages | Commission-free setup, access to full product range, flexibility for all trading styles, hosted on NY4 servers for speed |
| 🚀Sign up | 👉Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 🛠️ Features | Real-time pricing, unlimited number of accounts, no expiry if used at least once every 30 days, adjustable balance and leverage |
| 🏆 Best For | New traders practising, experienced traders testing new methods, anyone comparing platforms before going live |
| 🚀Sign up | 👉Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 📉 Spread Pips | From 0.0 pips on Raw, from 0.8 on Standard |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Markets Offered | Forex, indices, metals, crypto, commodities |
| 🏆 Best For | Traders who require swap-free conditions in line with Islamic finance |
| ✅ Advantages | No overnight interest charges, full platform access, fixed holding fee after 5 days, transparent fee schedule across instruments, suitable for scalping and EA trading |
| 🚀Sign up | 👉Open Account |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Step-by-Step Guide to Opening an IC Markets Malaysia Account
Step 1: Choose the right entity
Malaysians sign up under IC Markets Global (Raw Trading Ltd), regulated by the Seychelles Financial Services Authority (FSA).
Step 2: Start the application
Select Open a Live Account on the IC Markets website. The application asks for:
- Personal details
- Profile questions
- Trading account setup
- Review of all information
- Final declaration
Step 3: Enter personal details
Provide:
- Country of residence: Malaysia
- Full legal name
- Email address
- Mobile number
Step 4: Profile information
Complete the KYC section by answering questions on:
- Trading knowledge and experience
- Employment details
- Financial background
Step 5: Configure your trading account
Choose your setup:
- Platform: MetaTrader 4, MetaTrader 5, or cTrader.
- Account type: Standard, Raw Spread, or cTrader Raw.
- Leverage: up to 1:1000.
- Base currency: 10 supported options (USD, EUR, SGD, etc. – not MYR).
Step 6: Upload verification documents
Documents required include:
- Photo ID (passport, driver’s licence, or national IC card).
- Proof of address (bank statement, utility bill, or government-issued letter dated within 180 days).
- You must be 18 or older to register.
Step 7: Review and declare
Confirm the details you entered, sign the declaration, and submit.
Step 8: Secure your account
Enable two-factor authentication (2FA) inside the Secure Client Area.
Step 9: Fund your account
Payment options available:
- Credit or debit cards
- Skrill
- Neteller
- Bank transfer
- Other supported e-wallets
Step 10: Download and log in
Once your application is approved, download MT4, MT5, or cTrader, or connect with TradingView.
Broker Comparison for Malaysians: IC Markets vs HFM vs Axi
| IC Markets | HFM | Axi | |
| ⚖️ Regulation | ASIC, CySEC, SCB, FSA (Seychelles) | FSC, FSA, FCA, CySEC, DFSA, FSCA, CMA, etc. | ASIC, FCA, FMA, DFSA, SVG FSA |
| 📱 Trading Platform | MT4, MT5, cTrader, TradingView | MT4, MT5, HFM App | MT4, WebTrader, Mobile App |
| 💰 Withdrawal Fee | No | None | Free (most), $25 if bank wire under $50 |
| 📊 Demo Account | Yes, 30 days if inactive | Yes, unlimited | Yes, 30-day trial with $50k virtual |
| 📈 Minimum Deposit | $200 | $0 ($100 for Pro, $250 Pro Plus) | $200 (Standard, Pro), $25k (Elite) |
| 📈 Leverage | Up to 1:1000 | Up to 1:2000 | Up to 1:500 |
| 📊 Spread | From 0.0 pips (Raw) | From 0.0 pips (Zero) | From 0.0 pips |
| 💰 Commissions | $3.5 per lot (Raw), | Zero or $3/lot per side (Zero) | $7 per round turn (Pro/Elite) |
| ✴️ Margin Call/Stop-Out | 100% / 50% | 50% / 20% | From 3.33% margin |
| ✴️ Order Execution | Market execution, no requotes | Market execution | Average 50–100ms execution |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | Yes | No |
| 📈 Account Types | Standard, Raw, Islamic, Demo | Cent, Premium, Zero, Pro, Pro Plus, Bonus, HFcopy, Islamic | Standard, Pro, Elite, Islamic |
| ⚖️ SCM Regulation | No | No | No |
| 💳 MYR Deposits | No | Yes (via FPX, local banks) | No |
| 📊 Malaysian Ringgit Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes | Yes | Yes (on request) |
| 👉 Open account | 👉Open Account | 👉Open Account | 👉Open Account |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Which Trading Platforms Are Best for Malaysians on IC Markets?
Malaysian traders using IC Markets can access eight platforms: IC Social, TradingView, MetaTrader 4, MetaTrader 5, ZuluTrade, cTrader, Signal Start, and VPS hosting.
IC Markets Trading Platforms at a Glance
| Platform | Distinct Features |
| IC Social | Copy trading with community chat, inverse trades, and Pelican-powered mobile app. |
| TradingView | Advanced charts, 400+ indicators, custom scripts, and strategy testing. |
| MetaTrader 4 | Autochartist, Trading Central, MultiTerminal, and spreads from 0.0 pips. |
| MetaTrader 5 | Depth of Market, MQL5 scripting, faster processing, and multi-asset trading. |
| ZuluTrade | Copy from 100,000+ traders, ZuluGuard risk control, and performance simulation. |
| cTrader | London-hosted execution, Level II pricing, VWAP indicators, and Smart Stop Out. |
| Signal Start | Myfxbook-backed analytics, hosted account mirroring, and 24/7 support. |
| VPS | Sub-millisecond connection to IC Markets servers, with tiered plans via ForexVPS. |
IC Social Platform
IC Social combines copy trading with messaging, and you can follow strategies and exchange ideas with others in the same space.
Key Features
- Copy trades with risk management tools built in.
- Inverse trade options for competitive setups.
- Community chat with instant messaging and group discussion.
IC Social is ideal for Malaysian traders who prefer a social, community-driven approach and want to copy strategies from peers.
TradingView
TradingView integrates with IC Markets through cTrader and offers one of the most detailed charting environments available.
Key Features
- Customisable alerts across indicators, price, and strategies.
- Over 400 pre-built indicators and community scripts.
- Strategy tester with historical back-testing tools.
TradingView is ideal for Malaysians who trade with a heavy focus on technical analysis and want in-depth charting tools combined with execution.
MetaTrader 4
MetaTrader 4 links to the NY4 data centre in New York for minimal latency. You can trade micro-lots and manage multiple accounts through its MultiTerminal tool.
Key Features
- Autochartist and Trading Central market analysis.
- MultiTerminal for managing several accounts from one dashboard.
- Spreads starting from 0.0 pips with Raw accounts.
MetaTrader 4 is ideal for Malaysian traders who want reliability with advanced third-party integrations.
MetaTrader 5
MetaTrader 5 supports Depth of Market and allows hedging without FIFO rules, making it more flexible for active traders.
Key Features
- Depth of Market display with liquidity transparency.
- MQL5 scripting for custom indicators and automated trading.
- Execution speeds from servers cross-connected at Equinix NY4.
MetaTrader 5 is ideal for Malaysians who want multi-asset access and advanced tools for algorithmic or high-volume trading.
ZuluTrade
ZuluTrade lets IC Markets clients follow and copy thousands of traders globally. Its ZuluGuard protection monitors trades and steps in to reduce risk if signals go off track.
Key Features
- ZuluRank system for ranking signal providers.
- ZuluGuard risk monitoring with automatic interventions.
- Simulation tool to preview trade performance.
ZuluTrade is ideal for Malaysians who want access to large-scale social trading networks with built-in safeguards.
cTrader
cTrader offers depth-of-market visibility and Smart Stop Out logic that helps protect accounts under pressure.
Key Features
- Level II pricing with visible liquidity by price level.
- VWAP indicators and advanced stop-loss systems.
- Smart Stop Out technology to protect equity.
cTrader is ideal for Malaysians who want a transparent order book and execution with risk controls tailored for active strategies.
Signal Start
Signal Start mirrors trades automatically and is backed by Myfxbook analytics, giving insight into performance.
Key Features
- Myfxbook integration for strategy tracking.
- One-click activation for trade copying.
- 24/7 email and chat support.
Signal Start is ideal for Malaysians who want a plug-and-play way to follow signal providers without technical setup.
VPS
IC Markets offers VPS hosting for traders who rely on Expert Advisors or algorithms.
Key Features
- Instant access through ForexVPS with pre-installed MT4.
- Tiers based on monthly trading volume, from 15 to 75 lots.
- Remote desktop access with 24/7 multilingual support.
VPS hosting is ideal for Malaysians who rely on automated strategies and need continuous uptime with minimal delay.
IC Markets Product Offering for Malaysia
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Malaysian Traders Should Be Familiar With This Type |
| 🏦 Forex CFDs | 61 pairs across majors, minors, and exotics. Spreads from 0.0 pips, leverage up to 1:1000. | EUR/USD, USD/JPY, AUD/USD, USD/SGD. | Malaysia settles most trade in USD, watches SGD flows closely, and tracks AUD for commodity links. |
| 📊 Indices CFDs | 25 global indices, spreads from 0.4 points, no commission. | CHINA50, HK50, JP225, US500, USTEC. | Regional indices tie into Malaysia’s trade with China and Japan, while US benchmarks guide tech and global equity sentiment. |
| 🛢️ Commodities CFDs | Metals, energy, and agriculture with leverage up to 1:1000. | Brent Crude, Gold, Coffee, Sugar. | Brent is key for Malaysia’s petroleum exports, gold is a popular hedge, and coffee and sugar matter as major imports. |
| 📈 Stock CFDs | 2,100+ stocks from the US and Australia, leverage up to 1:20. | Apple, Tesla, Nvidia, BHP, HSBC. | Malaysian traders follow US tech, Australian resources, and UK finance for international exposure. |
| 📉 Bonds CFDs | 9+ global government bonds, commission-free, leverage up to 1:200. | UST10Y, JGB10Y, EURBUND. | US yields drive USD/MYR trends, JGBs reflect regional flows, and EUR bonds matter for global rate outlooks. |
| 🚀 Crypto CFDs | 21 major cryptocurrencies, tradeable long or short. | BTCUSD, ETHUSD, XRPUSD, BNBUSD. | Bitcoin and Ethereum lead trading, Ripple interests remittance users, and Binance Coin links to a widely used exchange. |
| 📆 Futures CFDs | Futures-based CFDs on commodities, indices, and currencies. | Brent, WTI, Gold Futures, DXY, VIX. | Brent and WTI influence Malaysia’s oil sector, gold hedges inflation, and DXY/VIX guide sentiment on USD and equities. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Broker Fees: IC Markets Malaysia Pricing Structure
Malaysians will find that IC Markets’ fees are competitive across forex, indices, metals, crypto, and more because of the account types and execution. What you pay will depend on whether you use a standard or raw account, and whether you decide to use MetaTrader or cTrader.
Spreads
Raw accounts offer the lowest spreads but add a commission. Standard accounts build the cost into the spread itself.
| Instrument | Raw Spread (Min / Avg) | Standard Spread (Min / Avg) |
| EUR/USD | 0.0 / 0.02 pips | 0.8 / 0.82 pips |
| USD/JPY | 0.0 / 0.14 pips | 0.8 / 0.94 pips |
| XAU/USD (Gold) | 0.00 / 1.08 | Slightly wider |
| Brent Oil (Spot) | 0.03 / 0.034 | Same |
| BTC/USD | 8.71 / 42.04 | Same |
Commissions
IC Markets charges commissions only on Raw accounts, with costs differing between MetaTrader and cTrader/TradingView.
- MetaTrader (MT4/MT5): Fixed per lot.
- cTrader / TradingView: Charged per $100,000 traded.
| Account Type | Charge per Side | Round Turn | Notes |
| Raw Spread MetaTrader USD | $3.50 | $7.00 | Fixed per lot |
| Raw Spread MetaTrader EUR | €3.25 | €6.50 | Fixed per lot |
| Raw Spread MetaTrader GBP | £2.75 | £5.50 | Fixed per lot |
| Raw Spread MetaTrader AUD | A$4.50 | A$9.00 | Fixed per lot |
| Raw Spread MetaTrader JPY | ¥550 | ¥1,100 | Fixed per lot |
| Raw Spread cTrader/TV | $3.00 | $6.00 | Per $100k traded, auto-converted |
Swap Fees
Standard accounts apply rollover charges that reflect interest rate differences (forex) or futures pricing (commodities, indices, metals). These vary day to day and are automatically added or deducted. Triple charges can apply mid-week to account for weekends.
Islamic Account Holding Fees
Swap-free accounts remove interest but apply a flat-rate daily holding fee once a position has been open for more than five days.
| Instrument | Daily Fee | Notes |
| EUR/USD | 3 | Charged after 5 days |
| GBP/USD | 2 | Charged after 5 days |
| USD/JPY | 9 | Charged after 5 days |
| XAU/USD | 12 | Charged after 5 days |
| XAG/USD | 2 | Charged after 5 days |
| US30 | 6 | Charged after 5 days |
| DE40 | 3 | Charged after 5 days |
| BTC/USD | 13 | Charged after 5 days |
| ETH/USD | 1 | Charged after 5 days |
Inactivity Fees
| Condition | Charge |
| Account inactive > 2 years | $10 per month until balance is cleared or account is used again |
Withdrawal Fees
Most withdrawals are free of charge. The only notable cost is for international bank transfers, which are passed on by payment providers. International bank wire withdrawals for Malaysians typically cost around AUD 20.
Currency Conversion
IC Markets does not support MYR accounts. Deposits and withdrawals must be made in another base currency (USD, EUR, GBP, AUD, JPY). Each transfer in MYR is converted at the spot rate on processing.
IC Markets Malaysia Payment Options For Deposits and Withdrawals
Malaysians can choose from international cards, e-wallets, or traditional bank transfers for both deposits and withdrawals. Not every method listed on the global site is available everywhere, and Malaysians usually work with cards, PayPal, Skrill, Neteller, or a standard SWIFT wire transfer.
Depositing Funds
| Method | Accepted Currencies | Deposit Time |
| Credit / Debit Card | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | Instant |
| PayPal | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant |
| Neteller | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant |
| Skrill | AUD, USD, JPY, EUR, SGD, GBP | Instant |
| Bank Wire Transfer | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | 2–5 business days |
How to make a deposit
- Log in to the Secure Client Area.
- Select “Deposit” and pick your preferred method.
- Enter your trading account and the amount you want to add.
- If you use cards, PayPal, Skrill, or Neteller, funds usually show instantly, though minor delays of up to an hour can occur.
- Follow the instructions provided for bank transfers and allow between two and five business days for the transfer to arrive.
Withdrawing Funds
| Method | Withdrawal Details | Typical Timing |
| Credit / Debit Card | Refunded to the same card. Refunds only up to deposit amount. | 3–5 business days, can take up to 10 |
| PayPal | Must return to the same PayPal account. | Instant once processed |
| Neteller | Must return to the same account. | Instant once processed |
| Skrill | Must return to the same account. | Instant once processed |
| Bank Wire Transfer | Excess funds or profit can be sent via bank transfer. Intermediary banks may deduct fees. | Up to 14 business days |
How to request a withdrawal
- Sign in to the Secure Client Area.
- Open the Withdraw section and choose the method that matches your deposit route.
- Submit your request before 12:00 AEST/AEDT to have it processed on the same business day.
- Expect the following:
- Cards: funds arrive within three to five business days, sometimes up to ten.
- PayPal, Skrill, Neteller: usually instant once processed.
- Bank wires: can take up to two weeks, with possible intermediary bank charges.
Research Tools and Market Analysis from IC Markets
Access to research and trading tools is a big part of staying on top of fast-paced markets. IC Markets provides Malaysians with direct tools that are practical, data-driven, and available on the website and from the client area.
| Tool | Description | Purpose for Traders |
| IC Markets Web TV | Broadcast in short video segments direct from the NYSE floor, covering currencies, commodities, and global equities. | Useful for keeping up with market events without needing to follow international news outlets every hour. Helps you track how global developments could influence MYR-related pairs and regional indices. |
| IC Insights (TipRanks) | Data-focused analytics platform with sentiment tracking, analyst ratings, price targets, and community positioning. | Allows you to check how global analysts view markets that matter to Malaysia’s trade flows, such as palm oil exporters tied to equities or ringgit-sensitive currency pairs. |
| Forex Glossary | Concise definitions of trading terms with no academic padding. | Handy if you want a quick reference while comparing strategies or explaining Forex terms in a local trading group without wasting time online. |
| Forex News | Daily market coverage of currency developments, updated with context around key events. | Helps you follow USD/MYR updates, regional currencies like SGD or CNY, and their knock-on effects for Malaysian trade and investment. |
| Economic Calendar | Schedules global data releases and interest rate decisions, sorted by region and impact. | A practical way to track BNM policy meetings, regional GDP announcements, and US data that influence MYR volatility. |
| Blog and Market Commentary | Regular posts on technical levels, macro catalysts, and event-driven updates. | Sharpens your short-term strategy by focusing on events that often spill over into ASEAN currencies and commodity-linked plays tied to Malaysia. |
| Advanced Trading Tools | A suite of institutional-style add-ons for MetaTrader, including alarm managers, sentiment traders, and correlation tools. | Gives Malaysian traders deeper visibility into correlation between commodities (like crude palm oil) and currency moves, plus risk controls that help with leveraged setups. |
| TeamViewer Integration | Direct technical support with remote access to your platform setup. | Saves time if you prefer support in setting up MT4/MT5 or cTrader without working through lengthy manuals. |
| Podcasts from IC Markets | Episodes covering macroeconomics, geopolitics, and sector trends explained with context and cause-effect clarity. | Practical for Malaysians balancing trading with daily routines. It’s easy to follow updates on events that can affect regional currencies and commodities. |
| Webinars | Live sessions on strategy, psychology, and event-driven setups with presenters covering what’s moving markets. | A way to learn how global volatility (whether from the US Fed or China) feeds into MYR trading and local CFD strategies. |
| Calculators | Margin, pip value, swap, and commission calculators for Forex and CFDs. | Ensures you can calculate trade size and cost in USD or MYR-equivalent terms without misjudging exposure on leveraged trades. |
| Educational Videos | Platform-specific walkthroughs covering account setup, MT4/MT5 features, and placing first trades. | Shortcuts the setup process for you to focus on trading rather than troubleshooting software installations. |
| Educational Guides | Covers basics of Forex, CFDs, leverage, and risk concepts with practical examples. | Helps Malaysian traders understand how leverage affects ringgit-based accounts and what volatility really means in day-to-day terms. |
| Trading Central | Integrates advanced charting, pattern recognition, and signal forecasts into platforms. | Supports Malaysian traders who rely on price action, giving extra confirmation when monitoring MYR crosses or regional indices. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Are There Bonuses for Malaysians at IC Markets?
No, IC Markets doesn’t provide traditional deposit bonuses or trading promotions in Malaysia. Instead, active traders have access to Raw Trader Plus, a rebate programme that rewards high-volume trading.
This programme is performance-based rather than promotional, and it’s a good option if you want rebates credited daily on qualifying trades.
Raw Trader Plus Overview
| Feature | Detail |
| Programme type | Commission rebate on Forex and metals |
| Eligibility | Minimum 100 closed lots per month |
| Payout | Rebates credited daily |
| Duration | Ongoing, subject to monthly trading activity |
Rebate Structure
| Tier | Monthly Trading Volume | Rebate per Lot (FX/Metals) |
| 1 | 100+ closed lots | $1.50 |
| 2 | 1,000+ closed lots | $2.25 |
| 3 | 2,000+ closed lots | $2.50 |
Are There Additional Benefits?
- Direct client relations support for personalised assistance.
- VPS hosting for automated strategies is offered to qualifying members.
How Can Malaysians Join Raw Trader Plus?
- Email [email protected] to request enrolment.
- Trade at least 100 standard lots per month.
- Maintain trading activity consistently for three months.
How Malaysians Can Earn with IC Markets Affiliates
If Malaysians are currently exploring different ways to earn from established trader networks, IC Markets offers dynamic partnership options that provide steady income. Partners are paid according to their referred client activities, and the programmes suit all types of involvement.
Introducing Broker (IB) Programme
The IB programme rewards you for every trade made by clients you introduce. Commissions grow in line with trading volume, making it worthwhile for Malaysians who can build a strong referral base.
Commission Tiers:
- 1,000 lots: $0.25 per lot.
- 2,000 lots: $0.50 per lot.
- 3,000 lots: $0.75 per lot.
- 4,000 lots: $1.00 per lot.
Highlights include:
- Tiered rewards that scale with activity.
- Long-standing infrastructure supporting payouts.
- A custom dashboard that tracks performance.
- Access to banners, links, and other promotional materials.
Multi-Account Manager (MAM)
The MAM programme is designed for licensed fund managers who want to handle multiple client portfolios from one central account. Trades are allocated proportionally, and risk levels can be tailored for each sub-account.
How to join:
- Speak with a Partner Manager.
- Sign the MAM Agreement.
- Fund the master account with a minimum of $50,000 and at least five clients.
- Provide a track record of at least 12 months.
- Residency must be outside the EEA, UK, and Japan.
Percentage Allocation Money Management (PAMM)
The PAMM option pools client capital, and results are shared proportionally according to each investor’s contribution. It suits professional managers who want to trade larger volumes with pooled funds.
Requirements mirror the MAM process, including a $50,000 starting fund, five clients, and a proven trading record.
Multi-Level Programme
This option allows you to bring on other Introducing Brokers and earn not only from your referrals but also from the clients they introduce.
How it works:
| Step | Description |
| 1 | Introduce other IBs to IC Markets. |
| 2 | Earn on your referred clients’ trades. |
| 3 | Collect commissions from the networks your IBs build. |
| 4 | Expand without restriction. |
Key Features:
Multi-tier commissions on direct and indirect referrals.
- Real-time tracking of activity and earnings.
- Multiple payout currencies, including USD, EUR, GBP, and AUD.
- Rapid payouts directly into your partner wallet.
- Dedicated support from partner managers.
Getting Help: IC Markets Support for Malaysians
| Customer Support | IC Markets Customer Support |
| ⏰Operating Hours | 24/7 live chat and email support. Office coverage runs Monday to Saturday. |
| 🔊Support Languages | Primarily English, but the international support team covers additional regions including Asia, Latin America, and Africa. |
| 👥Live Chat | Available directly on the IC Markets website.. |
| ☎️Email Address | Dedicated addresses depending on your query: Client Relations – [email protected], General Support – [email protected], Accounts – [email protected], Marketing – [email protected] |
| 🏆Telephonic Support | General international line: Call +248 467 19 76 (standard international rates apply). Regional lines exist for Thailand, Indonesia, Vietnam, Colombia, South Africa, and others |
| 📍The overall quality of IC Markets Support | Fast response times, particularly via live chat. Email replies are usually within 24 hours. Phone lines are available but most Malaysian traders rely on online channels. |
IC Markets Awards and Industry Recognition
IC Markets has received consistent recognition across Asia-Pacific and global broker rankings.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Lowest Spread Forex Broker | Awarded by FXEmpire for consistently competitive spreads and execution. |
| 2025 | Best Forex/CFD Broker in APAC 2024 | Granted by TradingView based on votes from traders across Asia-Pacific. |
| 2024 | Best Broker of the Year | Presented by Followme, covering service delivery, execution, and product offering in one overall ranking. |
| 2024 | Best MetaTrader Broker | Listed by ForexBrokers.com for seamless MT4/MT5 integration and strong execution quality. |
| 2024 | Best Customer Support | Recognised by FXScouts, with traders citing quick responses and knowledgeable service teams across regions. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Malaysia Review: Our Final Thoughts
IC Markets provides Malaysian traders with access to competitive spreads, strong liquidity, and a broad product range across forex, indices, commodities, and crypto.
The platform variety is another advantage, with MetaTrader, cTrader, TradingView, and social trading tools supported. Funding flexibility through e-wallets and cards also makes cross-border access manageable.
On the other hand, IC Markets is not licensed in Malaysia. Accounts are registered under the Seychelles FSA, which might not provide the same sense of protection as Bank Negara Malaysia or Labuan-regulated brokers.
MYR accounts are not available, which means that deposits and withdrawals involve currency conversion, and bank wires can take longer than alternative options.
Overall, IC Markets stands out for Malaysians who prioritise competitive pricing and a wider range of platforms offered compared to other brokers.
Strengths and Weaknesses of IC Markets
| 🟢 Pros | 🔴 Cons |
| Access to advanced charting via TradingView and cTrader with Level II pricing | Not licensed in Malaysia |
| Raw Trader Plus rebates rewarding high-volume activity with daily credits | Malaysian Ringgit accounts not supported |
| Wide choice of deposit and withdrawal routes including PayPal Skrill Neteller and cards | International bank wires can take up to two weeks with extra fees |
| Robust educational suite including webinars podcasts and step-by-step video guides | Swap-free Islamic accounts apply fixed holding fees after five days |
| Strong industry recognition with awards across APAC for spreads execution and service | No physical office or direct Malaysian telephone line |
| VPS hosting near IC Markets servers for low latency automated trading | |
| Transparent fee structure across spreads commissions and swaps | |
| Broad range of asset classes from forex and indices to futures crypto and bonds | |
| Direct integration of IC Insights and Trading Central for research and pattern recognition | |
| Flexible demo account setup with unlimited accounts and adjustable leverage |
IC Markets Review Detailed Summary
| Category | |
| 🌟 Company Name | IC Markets (International Capital Markets) |
| 📅 Year Founded | 2007 |
| 🏢 Head Office | Sydney, Australia |
| ☎️ Head Office Telephone | +248-467-19-76 / +61 02 8014 4280 |
| 👥 Active Traders Globally | ~200,000+ traders globally |
| 🛡️ Is IC Markets Safe? | Yes, IC Markets is considered safe |
| 🌍 Regulatory Bodies | ASIC, CySEC, FSA Seychelles |
| 🌎 Accept MYR Clients | Yes |
| 🛡️ Negative Balance Protection | Yes |
| 💵 Account Types | Standard, Raw Spread, Islamic (Swap-Free) |
| 🌍 Account Opening Languages | English, Malay, Chinese, others |
| ⏱️ Account Opening Time | A few minutes to a few hours |
| 💰 Minimum Deposit | $200 |
| 🏦 Deposit Methods | Bank transfer, card, Skrill, Neteller, FasaPay, UnionPay, etc. |
| 🌟 Islamic Account Available | Yes |
| 📊 Demo Account Available | Yes |
| 💼 Welcome Bonus | No |
| ⚡ Deposit Processing Time | Instant to a few hours (depends on method) |
| 💹 Leverage | Up to 1:500 |
| 📊 Spreads | From 0.0 pips (Raw) / ~0.8 pips (Standard) |
| 🔄 Swap-Free Accounts | Yes |
| ⚡ Scalping Allowed | Yes |
| 🛡️ Hedging Allowed | Yes |
| ⚙️ Trading Platforms | MT4, MT5, cTrader, TradingView |
| 🖥️ Desktop App | Yes |
| 📱 Mobile App | Yes |
| 🌍 Trading Products | Forex, Indices, Commodities, Stocks, Futures, Bonds |
| 🏦 Major Pairs Available | Yes |
| 🛠️ Technical Tools | Yes |
| 📈 Charting Tools | Yes |
| 📊 Advanced Indicators | Yes |
| ⏳ Time Frames | 1 minute to 1 month |
| 🌟 AutoChartist | Not confirmed |
| 📚 Learning Materials | Yes |
| 🛠️ Trading Tools | VPS, trade calculators, risk tools |
| 📱 Social Media Platforms | Yes |
| Yes | |
| 📹 YouTube | Yes |
| Yes | |
| No deposit fee (varies by method) | |
| 🪙 Deposit Fee | Possible fee for international wire transfers |
| 🏦 Withdrawal Fee | No inactivity fee |
| 💸 Inactivity Fee | $6–$7 per lot (Raw accounts) |
| 💵 Commission Fee | Card, bank, e-wallets |
| 💳 Payment Methods | Yes |
| 🔄 STP (Straight Through Processing) | Yes |
| 🌐 VPS Hosting | Partial / limited |
| ⚙️ API Trading Support | Yes (Myfxbook, ZuluTrade) |
| 🖥️ Copy Trading | Yes |
| 📈 Forex Trading | Yes |
| 📉 Indices CFDs | Yes |
| 🛢️ Commodity CFDs | Yes |
| 📊 Stock CFDs | Yes |
| 🇲🇾 Malaysia-Specific Features | |
| 💵 Local Payment Methods | Some local methods available |
| 🏦 MYR Account Availability | Not confirmed (mostly USD, EUR, AUD) |
| 💰 Low Minimum Deposit | Moderate ($200) |
| 📞 Localized Customer Support | Yes |
| 🎁 Bonuses & Promotions | No |
| 📈 Market Access | Wide market range |
| 🌟 Beginner Friendliness | Good |
| 📚 Education Quality | Good |
| 💵 Deposit & Withdrawal | Smooth |
| 📊 Platform Quality | High quality (MT4/MT5/cTrader) |
| 💬 Customer Service Quality | Responsive, 24/7 |
| 🌟 Trustworthiness | High |
Cited Sources for IC Markets Review Content
- Seychelles Financial Services Authority (FSA)
- IC Markets official website – www.icmarkets.com
- Bank Negara Malaysia (BNM)
- TradingView
- FXScouts
- Raw Trader Plus
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Frequently Asked Questions
Does IC Markets charge currency conversion fees for MYR-funded accounts?
Yes, deposits and withdrawals in MYR are converted at the spot rate since IC Markets does not support MYR accounts.
What is the minimum deposit amount for IC Markets accounts in Malaysia?
$200.
Does IC Markets offer swap-free or Islamic accounts for Malaysian traders?
Yes, swap-free accounts are available with a holding fee applied after five days.
Is IC Markets regulated by Malaysia’s Securities Commission (SCM)?
No, IC Markets does not hold a licence from Bank Negara Malaysia.
Can Malaysian traders open multiple trading accounts (demo/live) with IC Markets concurrently?
Yes, demo and live accounts can be opened and used together.
How does IC Markets manage KYC and identity verification for Malaysians?
Photo ID and proof of address are required, plus answers to trading knowledge, employment, and financial background.
Are Malaysian stocks (MYX-listed) available for trading via IC Markets?
No, IC Markets offers US, UK, EU, and Australian stocks, not Malaysian listings.
Does IC Markets provide customer support in Bahasa Malaysia?
No, support is mainly in English, though international teams cover multiple languages.
Are commodity or index CFDs popular among Malaysian traders on IC Markets?
Yes, Brent, gold, sugar, and coffee are relevant, along with CHINA50, HK50, and US benchmarks.
What trading platforms are supported for Malaysian accounts with IC Markets?
MetaTrader 4, MetaTrader 5, cTrader, TradingView, ZuluTrade, IC Social, Signal Start, and VPS hosting.
Are there any SCM disclosures or disclaimers required for Malaysian IC Markets users?
No, accounts fall under offshore regulation.
How fast are trade executions for IC Markets clients in Malaysia?
Execution is handled through NY4 and London servers with low-latency order flow.
Does IC Markets offer any local promotions or rebates for Malaysian traders?
Yes, Raw Trader Plus rebates are available for high-volume clients.
Does IC Markets support trading with a MYR base currency for Malaysians?
No, base currencies include USD, EUR, GBP, AUD, JPY, and others, but not MYR.
What are the typical spreads on USD/MYR pairs when trading with IC Markets?
Spreads start from 0.0 pips on raw accounts, with costs varying by account type.
Does IC Markets offer webinars or educational content tailored for Malaysian traders?
Yes, webinars, educational guides, videos, and market commentary are available.
What security protections does IC Markets offer Malaysian clients?
Client funds are held in segregated trust accounts.
Does IC Markets offer negative balance protection to Malaysian users?
Yes, negative balance protection applies.
Is IC Markets’ support available in Malaysia?
Yes, support is 24/7 through live chat, email, and international phone lines.
Does IC Markets charge commissions for Malaysian clients?
Yes, Raw accounts have commissions from $3.00 to $3.50 per side, depending on the platform and base currency.
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