MetaTrader 5 at IC Markets: What Changes for an Indian Account
2,250 instruments on New York servers, against 121 on cTrader in London — and one base-currency choice at registration that no later setting undoes.
Open IC Markets Account →Two decisions on the MT5 registration form outlive every setting you change afterwards: the platform, which is fixed at that moment and cannot be swapped for MT4 later, and the base currency, which is picked from ten published options that do not include the rupee. Everything else on this page follows from those two — the 2,250 instruments MetaTrader quotes against 121 on cTrader, the New York server clock against London's, and the funding route an Indian deposit has to take because no local one exists. Figures checked 2 September 2026. CFD trading carries a high risk of losing money.
MetaTrader 5 (MT5) at IC Markets
- 2,250 instruments quoted on MetaTrader accounts, against 121 on the cTrader account
- Equinix NY4 in New York for MetaTrader, London for cTrader — five hours apart, and both moving twice a year while IST does not
- Margin charged per tier, starting at 1:5000 on lots 0-25 and falling to 1:1000 above 50 lots
- Stop out fixed at 50% of margin, whichever of the ten base currencies the account settles in
Which IC Markets platform should you use?
| Platform | Pricing model | Best for | Devices |
|---|---|---|---|
| MetaTrader 4 / MetaTrader 5 | USD 3.50 per lot per side on Raw Spread, or no commission at all on Standard with spreads quoted from 0.8 pips | Scheduled strategies, Depth of Market and the widest symbol list | Issued for Windows, Mac, browser, iOS and Android from the broker platform section |
| cTrader | USD 3.00 for every USD 100,000 traded, charged on each side | A narrower symbol list of 121, a London clock and cTrader own copy tools | London servers, 4h30m to 5h30m behind IST, on desktop, browser, iOS and Android |
| TradingView | Carries the cTrader Raw Spread price list unchanged | Readers whose charting already lives in TradingView | Browser |
Read that table by server city as much as by price: the MetaTrader rows are timed in New York and the cTrader rows in London, and from IST those two clocks are five hours apart. The instrument count differs by a factor of about eighteen between them.
What MT5 adds over MT4, and what it leaves alone
The additions are in the tooling and the breadth. MT5 carries 80 or more indicators against MT4 thirty, 21 timeframes against nine, Depth of Market, a wider set of order types and a built-in economic calendar, and it quotes forex, metals, indices and share CFDs where MT4 is aimed at forex and CFDs. The symbol count is the blunt version of the same point: 2,250 instruments reach a MetaTrader account and 121 reach a cTrader one, with the Raw Spread account alone covering 64 currency pairs and 15 major equity indices.
What it leaves alone is the bill and the plumbing. Price lists attach to the account type rather than the terminal, execution is still no-dealing-desk with institutional liquidity passed through, and stop out is still 50%. Choosing MT5 therefore buys instruments and tools; it does not buy a different cost structure, and it changes nothing at all about how money reaches the account.
The base currency chosen on MT5 is the one the account keeps
Ten base currencies are published: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD and CAD. The rupee is not among them, so the choice made at registration decides the currency of every figure MT5 will ever show you — margin, free margin, floating profit and loss, commission and the flat per-lot overnight holding fee on a Swap Free position. Choosing a currency close to what you actually trade removes one conversion; it cannot remove the rupee one, because that happens at your card issuer or bank before the money arrives.
Deposits by card are accepted in AUD, USD, JPY, EUR, NZD, SGD, GBP and CAD, and the broker charges no deposit or withdrawal fee of its own. Money must return to the source it came from, a card withdrawal is capped at what that card deposited, and third-party payments are refused outright — the account holder and the payment instrument have to be the same person.
What a wider instrument list does not change
More symbols do not create an Indian route. The broker's funding page publishes local bank routes for Thailand and Vietnam only; for India the listed options are the cross-border ones — cards, PayPal, Neteller, Skrill, UnionPay and wire transfer — with wires quoted at two to five business days on the way in and up to fourteen days on the way out, plus possible intermediary charges. Trading 2,250 instruments or 121 makes no difference to any of that.
Which company is actually on the other side of the terminal
The name over the door has moved. On its own global site the brand now presents itself as IC, with IC Markets Global as a secondary trading name, while search demand is still overwhelmingly for the older name. Underneath it there is not one company but several, and they are not interchangeable. IC and IC Markets Global are trading names of Raw Trading Ltd, registered in Seychelles under number 8419879-1 and licensed there by the Financial Services Authority as a Securities Dealer, licence SD018. IC Markets (EU) Ltd is a separate Cypriot company under CySEC licence 362/18. International Capital Markets Pty Ltd is the Australian company. IC Trading (Mauritius) Ltd trades as ictrading.com.
An Indian applicant meets exactly one of them: the broker's own registration feed routes India to the Seychelles branch, so Raw Trading Ltd is the counterparty named in the agreement and the European and Australian licences are not yours to rely on. No Indian regulator licenses that relationship, and IC Markets appears as entry 22 on the Reserve Bank of India's Alert List revised 19 November 2025, at rbi.org.in. This page is independent, takes no legal position, and CFD trading carries a high risk of losing money.
Get started
MT5 is downloaded from inside the Secure Client Portal, which becomes available once you open an account and pick a base currency you cannot change afterwards. The cheapest way to check the symbol list before that decision is a free demo.
Open IC Markets Account →IC Markets MT5 at a glance
| Feature | MetaTrader 5 at IC Markets |
|---|---|
| Markets | Forex, metals, indices and share CFDs |
| Charting | 80+ indicators, 21 timeframes |
| Tools | Depth of Market, more order types, economic calendar |
| Devices | Windows, Mac, WebTrader, iOS, Android |
| Server | Equinix NY4, New York (same as MT4) |
IC Markets at a glance
| Detail | IC Markets |
|---|---|
| Minimum deposit | USD 0 on Raw Spread, cTrader Raw Spread and Standard; USD 5,000 and USD 100,000 on the Raw Pro tiers |
| Maximum leverage | 1:5000 on the first 25 lots, 1:3000 to 50 lots, 1:1000 above that; cTrader stops at 1:1000 |
| Tradable instruments | 2,250 on MetaTrader accounts, 121 on cTrader, 64 currency pairs and 15 major indices on Raw Spread |
| Account types | Raw Spread, Standard, cTrader Raw Spread; Raw Pro and Raw Pro+ in early access |
| Platforms | MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, cTrader, TradingView and the IC mobile app |
| Execution | No dealing desk; institutional liquidity passed through at the price it arrives |
| Support | Help Centre, email and live chat, stated around the clock every day of the week, in English only |
| India-specific licence | None; entry 22 on the RBI Alert List (revised 19 Nov 2025) |
Published IC Markets terms, checked 2 September 2026; confirm the latest details before you trade. Leverage means a high risk of losing money.