IC Markets is a globally recognized forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. With over 2,500 trading instruments, including 61+ forex pairs, indices, commodities, and cryptocurrencies, it has become a go-to broker for retail traders worldwide, including Peru. The broker is particularly popular among Peruvian traders for its ultra-low spreads (from 0.0 pips on the Raw Spread account) and lightning-fast execution via Equinix NY4 servers. While IC Markets does not have a physical office in Peru, it accepts clients from the country and supports local payment methods like Bank Transfer (in USD or PEN), Skrill, and USDT (Tether). The minimum deposit of $200 USD is accessible for most traders, and the maximum leverage of 1:500 appeals to those looking to amplify their positions. However, Peruvian traders should be aware that IC Markets is not regulated by the local Superintendencia de Banca, Seguros y AFP (SBS), meaning funds are not covered by Peru's investor protection schemes. Despite this, the broker's strong reputation, transparent pricing, and robust platform ecosystem (MT4, MT5, cTrader) make it a compelling option for experienced traders in Peru who prioritize low costs over local regulatory safeguards.
| Detail | Information |
|---|---|
| Founded | 2007 |
| Headquarters | Australia |
| Regulated by | ASIC,CySEC,FSA,SCB |
| Min Deposit | $200 |
| Max Leverage | 500 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | ✓ Available |
| Copy Trading | ✗ Not available |
| Demo Account | ✓ Available |
| 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 |
| 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 |
IC Markets offers a genuine swap-free Islamic account for Muslim traders in Peru who wish to comply with Sharia law, which prohibits earning or paying interest (riba). This account is available on both the Standard and Raw Spread variants. The swap-free status applies to all forex pairs, metals, and indices, but not to cryptocurrencies (which may still incur overnight fees). Importantly, IC Markets does not charge hidden fees for holding positions overnight on Islamic accounts, but there is a caveat: if a position is held for more than 10 consecutive days, a small administration fee may be applied (around $0.10 per lot per night). This is standard among Islamic account providers. To apply, Peru traders must select the Islamic option during account registration or request it via live chat or email after opening a standard account. The broker requires a declaration of faith or a reason for the request. Overall, it's a fair swap-free offering, but traders should check the terms for crypto and commodities.
| 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 |
| 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% |
| ETF CFDs | SPY, QQQ | ✓ Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | ✓ Yes | Built into platform, real-time |
| Daily Market Analysis | ✓ Yes | Written + video reports |
| Video Tutorials | ✓ Yes | Beginner to advanced |
| Live Webinars | ✓ Yes | Weekly sessions, recorded |
| Demo Account | ✓ Yes | Unlimited, no expiry |
| Copy Trading | ✗ No | Not available |
| Free VPS | ✓ Yes (active traders) | For EA/automated trading |
| Local Language Support | ✗ No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | ✓ Yes | 24/5 (Mon-Fri) | ★★★★★ Excellent |
| Email Support | ✓ Yes | 24/5 | ★★★★☆ Very Good |
| Phone Support | ✓ Yes | Business hours | ★★★★☆ Good |
| ✗ No | — | Not available | |
| Local Language | ✗ No | — | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| IC Markets ★ | $200 | 0.02 pips | ✓ | ✗ | 3.6 |
| Pepperstone | $0 | 0.09 pips | ✓ | ✓ | 4.9 |
| Exness | $10 | 0.10 pips | ✓ | ✗ | 4.8 |
| XM Group | $5 | 0.80 pips | ✓ | ✗ | 4.7 |
Understanding how IC Markets protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for Peru traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | ✓ Yes | Client money held in separate bank accounts |
| Negative Balance Protection | ✓ Yes | Losses capped at account balance |
| Top-tier Regulation | ✓ Yes | FCA/ASIC/CySEC licensed |
| Investor Compensation | ✓ Yes | Up to £85,000 (FCA) or €20,000 (CySEC) |
| 2FA Security | ✓ Yes | Two-factor authentication available |
| SSL Encryption | ✓ Yes | All data encrypted in transit |
| Audit & Reporting | ✓ Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from IC Markets relevant to Peru traders:
IC Markets is a strong choice for experienced Peru traders who prioritize low spreads, fast execution, and a wide range of instruments. The broker's support for USDT deposits and high leverage (1:500) are particularly appealing in a country where traditional banking can be slow and inflation is a concern. However, the lack of local regulation (SBS) and absence of Spanish-language support are significant drawbacks. For beginners in Peru, the $200 minimum deposit and complex platform options may be intimidating. We recommend IC Markets for active traders, scalpers, and those using Expert Advisors. If you value local regulatory protection and Spanish support, consider a broker regulated by SBS or with a local office. Overall, IC Markets offers excellent trading conditions, but Peru traders must be comfortable with offshore regulation and manage their risk accordingly.