IC Markets Global — review & details

In Forex & CFD brokers · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

High-volume raw-spread broker popular with scalpers and algorithmic traders; international clients including Nigerians trade with Raw Trading Ltd, regulated by the Financial Services Authority of Seychelles (Securities Dealer licence SD018). Nigeria is not on its restricted-countries list.

Raw spreads for algos

IC Markets Global

High-volume raw-spread broker popular with scalpers and algorithmic traders; international clients including Nigerians trade with Raw Trading Ltd, regulated by the Financial Services Authority of Seychelles (Securities Dealer licence SD018). Nigeria is not on its restricted-countries list.
★★★★☆
4.1/5 · How we rate
Raw Trading Ltd (trading as IC Markets Global) — Seychelles FSA, licence SD018. The group's ASIC (Australia) and CySEC entities serve other regions and do not cover Nigerian sign-ups. Not regulated by Nigeria's SEC.
Regulator (Ng Clients)
Advertised up to 1:5000, described on the site as dynamic and changeable at any time
Max Leverage
MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC mobile app
Platforms
No NGN base accounts verified — accounts are typically in USD/EUR; confirm funding options at sign-up
Naira Support
Experienced scalpers and algo traders who need deep liquidity and low latency
Best For
Pros
  • Raw-spread execution model with a wide instrument range (2,850+ instruments advertised)
  • Every major platform supported, including cTrader and TradingView — strong for automated strategies
  • Large, long-established global broker; Nigeria is explicitly not on the restricted list
Cons
  • Most retail CFD traders lose money; advertised leverage up to 1:5000 is extreme, and the site's own disclosure warns losses may exceed profits
  • Nigerian clients rely on Seychelles FSA oversight only — the group's ASIC licence does not apply to you, and negative balance protection is not guaranteed under this entity; confirm before trading
  • Geared to experienced traders — minimal hand-holding, and its marketing of very high leverage is a poor fit for beginners
Fees, eligibility & documents
Fees
Raw accountNear-zero spreads plus a per-lot commission — check current rates on the site
Standard accountCommission-free with costs built into the spread
Eligibility
  • 18 years or older
  • Not resident in a restricted country (Nigeria is currently accepted)
  • Pass identity (KYC) verification
Documents needed
  • Valid government ID
  • Proof of address (recent utility bill or bank statement)
Visit IC Markets Global

How IC Markets Global compares in forex & cfd brokers

IC Markets Global scores 4.1/5 in our forex & cfd brokers rankings. Our current top pick is Pepperstone (4.3/5). Always compare a few before you decide — see the full forex & cfd brokers comparison.

IC Markets Global
4.1/5 · this page
 Pepperstone
4.3/5
 XM
4.1/5
Regulator (Ng Clients) Raw Trading Ltd (trading as IC Markets Global) — Seychelles FSA, licence SD018. The group's ASIC (Australia) and CySEC entities serve other regions and do not cover Nigerian sign-ups. Not regulated by Nigeria's SEC. — —
Max Leverage Advertised up to 1:5000, described on the site as dynamic and changeable at any time 1:400 1:1000
Platforms MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC mobile app MT4, MT5, cTrader, TradingView MT4, MT5
Naira Support No NGN base accounts verified — accounts are typically in USD/EUR; confirm funding options at sign-up — —
Best For Experienced scalpers and algo traders who need deep liquidity and low latency — —
Visit IC Markets Global → Visit Pepperstone → Visit XM →

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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.