Is IC Markets Available in Canada? (2026 Check)

Canada check

IC Markets holds licences outside Canada but is not registered with CIRO or any provincial securities regulator. If it accepts you, your account will normally be opened with an offshore group entity rather than its better-regulated subsidiaries — so CIPF coverage, CIRO margin rules and OBSI complaint handling do not apply. When we last checked, IC Markets did not accept Canadian residents.

Canadian status

Not registered in Canada

Canadian entity

None — not registered in Canada

CIPF coverage

No

OBSI complaints

No Canadian ombudsman access

Accepts Canadians

Not available to Canadians

Licences abroad

ASICCySECFSA-SC(offshore)SCB(offshore)

Founded

2007

Headquarters

Sydney, Australia

Our take on IC Markets

IC Markets is one of the largest retail forex brokers by volume, famous for raw spreads and deep liquidity on MetaTrader and cTrader. It is not registered in Canada and, at our last check, did not accept Canadian residents.

IC Markets' reputation rests on raw spreads and deep liquidity, which made it a favourite with scalpers and algorithmic traders worldwide. Because it doesn't serve Canadian residents, Canadians who want similar pricing should look at commission-based accounts at CIRO dealers — FOREX.com's RAW pricing or Interactive Brokers' spot FX — which offer comparable economics with Canadian protections.

How IC Markets scores

Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.

Accounts, markets & platforms

Platforms

MT4, MT5, cTrader, TradingView

Markets

Forex (60+ pairs) · CFDs · Stocks

Leverage

Offshore entities often advertise 100:1 to 500:1 or more

CAD / USD accounts

— CAD | — USD

Demo account

Available

Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.

Verify IC Markets yourself

1. Look for the firm on CIRO's list of dealers it regulates.
2. Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
3. Confirm CIPF membership in the CIPF member directory.
4. Search the CSA investor alerts for the brand name and any look-alike websites.
5. Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.

Step-by-step guide: how to verify any broker in Canada →

Registered alternatives for Canadians

These firms are CIRO dealer members with CIPF-eligible accounts:

IC Markets: frequently asked questions

Canadian trader reviews

Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.