Broker review
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IC Markets Overview for Norway
IC Markets, founded in 2007 and headquartered in Sydney, Australia, has grown into one of the world's largest forex and CFD brokers, serving over 200,000 active traders globally. For Norway traders, IC Markets stands out for its ultra-low spreads (from 0.0 pips on Raw Spread accounts), high leverage up to 1:500, and support for popular platforms like MT4, MT5, and cTrader. The broker accepts Norwegian clients but does not offer a local NOK account, meaning all deposits and withdrawals are processed in USD. This can incur currency conversion fees from Norwegian banks (typically 1-2% per transaction). IC Markets is particularly attractive to experienced Norway traders who prioritize low trading costs and fast execution over local regulatory protection. The broker's strong reputation, combined with its long history and multiple regulatory licenses (ASIC, CySEC, FSA, SCB), makes it a viable option for retail forex trading in Norway, provided you understand the risks of trading with an offshore entity.
| Detail | Information |
|---|
| Founded | 2007 |
| Headquarters | Australia |
| Regulated by | ASIC,CySEC,FSA,SCB |
| Min Deposit | $200 |
| Max Leverage | 5000 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is IC Markets Safe for Norway?
IC Markets is regulated by several authorities: the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) of Seychelles, and the Securities Commission of the Bahamas (SCB). For Norway traders, the most relevant license is CySEC, which offers EU-level investor protection, including negative balance protection and access to the Financial Ombudsman. However, IC Markets is not regulated by the Norwegian Financial Supervisory Authority (Finanstilsynet), meaning your deposits are not covered by the Norwegian Deposit Guarantee Scheme (up to 2 million NOK). You should verify your broker's license on the ASIC website (asic.gov.au) and the CySEC website (cysec.gov.cy) using the license numbers provided. Trading with an offshore broker carries additional risk, so consider using only the CySEC-regulated entity for better protection.
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Norway traders
Always verify IC Markets's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | 0.02 pips | $3.50 | $3.52 | 0.80 pips |
| GBP/USD | 0.23 pips | $3.50 | $3.73 | 1.20 pips |
| XAU/USD | 0.12 pips | $3.50 | $3.62 | 0.25 pips |
| S&P500 | 0.30 | $3.50 | $3.80 | 0.50 |
| NASDAQ | 0.80 | $3.50 | $4.30 | 1.50 |
| BTC/USD | $30 | $3.50 | $33.50 | $45 |
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Account Types for Norway Traders
Standard Account
No Commission
Min Deposit$200
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicAvailable
PlatformsMT4, MT5, cTrader
Raw Spread Account
Best for Scalping
Min Deposit$200
EUR/USD Spreadfrom 0.02 pips
Commission$3.50
IslamicAvailable
PlatformsMT4, MT5, cTrader
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Norway Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Norway deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Norway Muslim Traders
IC Markets offers a genuine Islamic (swap-free) account for Muslim traders in Norway who wish to trade in compliance with Sharia law. This account does not charge or pay interest (swap) on overnight positions. However, there is a holding period limit: positions held for more than 10-14 days may incur a fee (usually 0.5-1 pip per day). To apply, select 'Islamic Account' during registration or contact support after account opening. The account is available for both Standard and Raw Spread accounts. There are no hidden fees, but you should read the terms carefully. For Norway traders, this is a good option, but note that the broker is not regulated locally, so you should verify the swap-free policy in writing.
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Norway
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.02 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.12 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03-$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.30 |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | $30 |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Norway traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Norway traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Norway traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Norway Review
Support verdict for Norway
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Norway Traders Make with IC Markets
- Mistake: Norway traders often ignore the lack of local regulation and assume ASIC protection applies. Always verify that you are trading under the CySEC entity for better EU-level protection.
- Mistake: Many Norway traders forget to factor in currency conversion fees when depositing NOK to USD. Use Skrill or USDT to minimize bank conversion costs.
- Mistake: Assuming the Islamic account is completely free forever. Read the terms regarding holding period limits to avoid unexpected fees.
Trust, comparison and news
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IC Markets vs Competitors in Norway
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| IC Markets (current) | $200 | 0.02 pips | Yes | No | 3.6 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — IC Markets
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Norway traders
IC Markets segregates all client funds and is regulated by top-tier authorities.
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IC Markets User Reviews & Ratings
CompareBroker Expert Rating
3.6
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
Final Verdict — Is IC Markets Worth It for Norway Traders?
3.6/5
★★★★★
IC Markets is a solid choice for Norway traders who prioritize low trading costs, fast execution, and a wide range of platforms. Its Raw Spread account is among the cheapest in the industry, and the broker's global reputation is strong. However, the lack of Norwegian regulation and absence of NOK support are significant drawbacks. If you are an experienced trader comfortable with offshore brokers and can manage currency conversion costs, IC Markets is recommended. Beginners may prefer a locally regulated broker for added safety. Overall, IC Markets is best for active retail forex traders in Norway who value spreads and execution over local oversight.
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FAQ — IC Markets for Norway Traders
Is IC Markets safe for Norway traders?
+How can I deposit money in IC Markets from Norway?
+Does IC Markets have Islamic account?
+What is the minimum deposit for IC Markets in Norway?
+What trading platforms does IC Markets offer?
+Is IC Markets regulated and legit?
+Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated October 2026.
