🏆 IC Markets Review 2024: The Scalper’s Paradise

If you are trading with RelicusRoad Pro strategies—especially Scalp Pivots or Action Levels—your broker matters more than you think.

A perfect setup on the chart is useless if your broker’s spread eats 2 pips of profit or if they slip your entry by 5 points.

We have tested IC Markets extensively to answer one question: Is this still the best broker for technical traders?

IC Markets consistently offers the tightest spreads during the London-NY overlap.

The “Raw Spread” Advantage

Most brokers are “Market Makers.” They take the other side of your trade. If you win, they lose. This creates a conflict of interest.

IC Markets is a True ECN broker.

No Conflict: They match your order with a bank (Liquidity Provider).
Spreads: They pass the raw interbank spread to you. On EURUSD, this is often 0.0 pips.
Cost: You pay a flat commission ($3.50 per lot per side).

Why this matters for RelicusRoad: If you are scalping for 10 pips, a 1-pip spread eats 10% of your profit. With 0.0 spreads, you keep almost everything.

Execution Speed: The Need for Speed

We tested execution times during the London Open (high volatility).

Average Speed: ~35ms.
Slippage: Minimal. Positive slippage (getting a better price than requested) occurred on 12% of limit orders.

This low latency is critical for Fractal Arrow breakouts. When the arrow prints, you need to be in now.

RelicusRoad Pro

Have you been trading for a while but have never made consistent profits or are you new to FOREX trading and want to get a head start? Try RelicusRoad and you'll never look back.

Get RelicusRoad Pro

Regulation & Safety (The Boring but Critical Part)

Never trade with an unregulated broker. Ever. IC Markets holds licenses with:

ASIC (Australia): Tier-1. Extremely strict.
CySEC (Europe): Tier-1. Protects EU clients.
FSA (Seychelles): For global clients desiring higher leverage (up to 1:500).

Verdict: Your funds are held in segregated accounts at top-tier banks (like NAB). They are safe.

Platforms & Tools

IC Markets supports the “Big 3”:

MetaTrader 4 (MT4): The king of custom indicators (Perfect for RelicusRoad Pro).
MetaTrader 5 (MT5): Faster, more timeframes.
cTrader: A slicker, more modern interface for pure price action traders.

The Verdict: 4.8/5 Stars

Pros:

✅ Industry-leading spreads (0.0 pips).
✅ Lightning-fast ECN execution.
✅ Safe, Tier-1 regulation.
✅ No restrictions on Scalping or EAs.

Cons:

❌ Account opening can be strict (KYC).
❌ Customer support can be slow during peak times.

Final Word: If you are a serious technical trader using precise tools like RelicusRoad, IC Markets is the gold standard.

Open an IC Markets Demo Account and test the spreads yourself.

IC Markets Review 2024: Is It Still the 'King of Scalping'?