The IC Markets referral code is 89420. On the IC Markets platform, this is called an Introducing Broker code or IB code. Enter it during account registration to access Raw Spread pricing from 0.0 pips and leverage up to 1:5000 on eligible accounts. The code connects your account to enhanced trading conditions through the IC Markets partner ecosystem. Must be applied at signup. Currently active.

Register with IC Markets referral code 89420

Traders searching for "IC Markets referral code" often expect something similar to exchange referral codes — a discount percentage or a bonus credit. IC Markets works differently.

An IC Markets referral code is an Introducing Broker identifier. When you enter 89420 during registration, your account is linked to an IB partner who provides access to specific account configurations — in this case, Raw Spread pricing starting from 0.0 pips and leverage reaching up to 1:5000 on qualifying account types.

The code does not alter IC Markets' core execution. Your trades still route through the same True ECN infrastructure, the same Equinix data centers, and the same 25+ liquidity providers as every other IC Markets client. What the code does is ensure your account is set up with the optimal configuration from the start rather than the default settings a direct registration might provide.

Whether you search for "IC Markets referral code," "IC Markets IB code," "IC Markets introducing broker code," or "IC Markets partner code," they all refer to the same registration field. Code 89420 works for all.

The field is not always immediately obvious on the registration form. Here is how to locate it.

Go to ic.com (IC Markets rebranded to IC.com in 2026). Click the account opening button. The registration form collects your personal details — name, email, country, phone number.

During the process, there is a field for entering a referral code, IB code, or campaign identifier. This may appear on the first page or on a subsequent step depending on your region and the registration flow you see. Enter 89420 in this field.

The easiest method is to skip the manual search entirely — use the referral link at the top of this page. Code 89420 is embedded in the URL and applied to your account automatically. No field hunting required.

Step 1: Open the registration page through the referral link. Code 89420 is pre-applied.

Step 2: Enter your personal details — full legal name, email, date of birth, country, phone number. Everything must match your identification documents.

Step 3: Select your account type. Three options — Standard (no commission, spreads from 0.8 pips), Raw Spread on MetaTrader (0.0 pips + $3.50/side commission), or Raw Spread on cTrader (0.0 pips + $3.00/side commission).

Step 4: Choose your trading platform — MetaTrader 4, MetaTrader 5, cTrader, or TradingView.

Step 5: Set your base currency and leverage preference.

Step 6: Submit the application. IC Markets sends a verification email — click the link to confirm.

Step 7: Upload KYC documents — government-issued photo ID plus proof of address dated within six months. Verification typically processes within hours.

Step 8: Deposit a minimum of $200. Bank wire, Visa, Mastercard, PayPal, Skrill, Neteller, and other methods depending on region. No deposit fees on most methods.

Step 9: Download your platform, log in, and trade. The referral code conditions — Raw Spread pricing and high leverage — are active from trade one.

This decision affects every trade you make, so it deserves a clear comparison.

The Standard account charges no commission. All costs are embedded in the spread, which starts from 0.8 pips on EUR/USD. Simple pricing — you see one number and that is your cost. For beginners who want straightforward fee calculation, Standard makes sense.

The Raw Spread account strips the broker markup from the spread entirely. You see the raw interbank price — often 0.0 pips on EUR/USD during London-New York overlap. The cost comes as a fixed commission instead: $3.50 per lot per side ($7 round turn) on MetaTrader, or $3.00 per side ($6 round turn) on cTrader.

For most active traders, Raw Spread is cheaper. One standard lot of EUR/USD on Standard costs approximately $8 to $10 in spread. The same lot on Raw Spread costs $7 in commission (MetaTrader) or $6 (cTrader) plus the raw spread of $0 to $2. Total: $7 to $9 on MetaTrader, $6 to $8 on cTrader. Savings of $1 to $4 per lot.

At 20 lots per day, that $1 to $4 saving per lot becomes $20 to $80 daily — $440 to $1,760 per month. At 50 lots per day: $1,100 to $4,400 monthly. The Raw Spread account pays for itself almost immediately for anyone trading more than a few lots per day.

The IC Markets referral code 89420 provides access to Raw Spread pricing on both MetaTrader and cTrader. If you are unsure which platform to use, cTrader offers the lower commission at $3.00 per side versus MetaTrader's $3.50.

Leverage determines how much market exposure you control relative to your deposited capital. IC Markets offers leverage up to 1:5000 on eligible accounts through referral code 89420.

At 1:100, a $1,000 deposit controls $100,000 in notional value. At 1:500, the same deposit controls $500,000. At 1:5000, it controls $5,000,000. The position size multiplies while your margin requirement shrinks proportionally.

Higher leverage means less capital tied up as margin per trade. A trader who needs to hold a 1-lot EUR/USD position requires $1,000 in margin at 1:100. At 1:500, the same position requires $200. At 1:5000, just $20. The freed capital serves as a drawdown buffer or funds additional positions.

Maximum leverage availability depends on your regulatory entity. ASIC (Australia) and CySEC (Cyprus) cap retail leverage at 1:30. CySEC professional accounts access up to 1:500. FSA (Seychelles) entity accounts offer the highest leverage tiers. Referral code 89420 routes your registration to the entity that provides the maximum leverage available for your jurisdiction.

One critical point: high leverage amplifies losses exactly as it amplifies gains. A 0.02% adverse move at 1:5000 consumes 100% of the margin on that position. IC Markets provides negative balance protection — your account cannot go below zero — but individual positions can be liquidated rapidly at extreme leverage. Use stop-losses. Size positions appropriately. Treat leverage as a precision tool, not a shortcut.

IC Markets (now IC.com) was founded in Sydney in 2007. The broker has operated continuously for over 18 years — one of the longest track records in retail forex.

The numbers tell the story. Over 200,000 active clients. More than 200 countries served. $29 billion in daily forex volume processed. 500,000+ trades executed daily. 2,250+ tradable instruments including 61 forex pairs, 2,100+ stock CFDs, 25 indices, 28 commodities, bonds, futures, and cryptocurrencies.

Regulation spans three jurisdictions — ASIC in Australia, CySEC in Cyprus, and FSA in Seychelles. ASIC and CySEC are both Tier-1 regulators enforcing strict standards including client fund segregation, capital adequacy, and independent auditing. CySEC clients receive additional protection through the Investment Compensation Fund covering up to EUR 20,000 per person.

The Trustpilot rating is 4.8 out of 5 across 55,000+ reviews. 92% of reviewers gave 5 stars. This is one of the highest satisfaction scores of any financial services company globally, not just among brokers.

Execution runs on Equinix NY4 (New York) and LD5 (London) data centers — institutional-grade facilities. Average execution under 40 milliseconds. 25+ liquidity providers feed into the True ECN pool. No dealing desk, no trading against clients, no requotes.

Customer support operates 24/7 through live chat, email, and phone. The broker provides free VPS hosting for algorithmic traders, copy trading through IC Social, ZuluTrade, and Myfxbook, and Islamic swap-free accounts.

Forex: 61 pairs — majors, minors, exotics. EUR/USD raw spread averages 0.1 pips.

Stocks: 2,100+ CFDs from US, European, and Australian exchanges. One of the largest stock CFD selections from any broker.

Indices: S&P 500, NASDAQ, Dow Jones, DAX, FTSE 100, Nikkei 225, ASX 200, and 18 more.

Commodities: gold, silver, platinum, palladium, oil (WTI and Brent), natural gas, and agricultural products.

Bonds: 9 government bond CFDs. Futures: CFDs on major contracts. Crypto: CFDs on major digital assets.

Every instrument benefits from Raw Spread pricing when your account is configured through referral code 89420.

MetaTrader 4: industry standard, full EA support. Raw commission $3.50/side.

MetaTrader 5: more timeframes, order types, economic calendar. Raw commission $3.50/side.

cTrader: modern interface, Level II pricing, lowest commission at $3.00/side.

TradingView: trade from TradingView charts directly with IC Markets execution.

All connected to the same account. Same conditions. Switch freely.

If you registered without a referral code, contact IC Markets support or open a new additional account through the referral link with code 89420 applied. Transfer funds between your accounts internally.

Not using the referral link. The code field may be hard to find. The link applies 89420 automatically.

Choosing Standard when Raw Spread is cheaper for your volume. If you trade more than a few lots per day, Raw Spread saves money.

Picking MetaTrader without considering cTrader. cTrader's $3.00/side commission saves $1.00 per round turn versus MT4/MT5's $3.50. Over thousands of trades, significant.

Ignoring leverage jurisdiction. Your maximum leverage depends on which IC Markets entity your account falls under. The referral code routes you to the highest available.

Use the referral link for automatic application. Or enter 89420 in the IB/referral code field during registration.

Raw Spread pricing from 0.0 pips and leverage up to 1:5000 on eligible accounts.

Yes. Same field, same function. Code 89420 works for both terms.

$200.

$3.50/side on MT4/MT5 ($7 round turn). $3.00/side on cTrader ($6 round turn).

MT4, MT5, cTrader, TradingView.

Yes. ASIC, CySEC, and FSA. Since 2007.

Yes. Account cannot go below zero.

Yes. Swap-free. Referral code applies fully.

Contact support or open a new account through the referral link.

Under 40 milliseconds average. Equinix NY4 and LD5 servers.