icmarkets.com Review

Updated: Jun 05, 2022

Super ECN Forex Broker In 2022 - IC Markets Overview

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With the support of IC Markets beside you, it's undoubtedly in your power to trade more than 60+ pairs, 730+ stocks, 30+ bond - indices & 10 Cryptocurrencies trading tools & accessories. For investors, it's a safe environment to invest and get their desired results without any obstacles. Read the complete IC Markets Review now.

Minimum Trade Size:0.01
Maximum Leverage:1:500
Minimum to Open Live:$200
Established:2007
Address:Level 4, 50 Carrington Street, Sydney, NSW 2000, NSW 2000, Australia
Contact:[email protected], +61 (0)2 8014 4280
Regional offices:
Regulations:ASIC, CySEC, FSA
Prohibited Countries:USANew Zealand JapanCanadaIsraelIran
Trading platforms:MT4, MT5, cTrader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: 60+
Currencies: (10+) Bitcoin, Litecoin, Ethereum
Currencies: (215+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
ZuluTrade: Yes
MAM: Yes
PAMM: Yes
CopyTrading: No
Deposit Methods:Wire Transfer ,VISA,MasterCard,FasaPay,Neteller,Skrill,Unionpay,PayPal,ePayments,Klarna,Local Bank Transfers,Poli,Rapid Pay,Transfer from Existing Broker
Withdrawal Methods:Wire Transfer ,VISA,MasterCard,FasaPay,Neteller,Skrill,Unionpay,PayPal,ePayments,Klarna,Local Bank Transfers,Poli,Rapid Pay,Transfer from Existing Broker

IC MARKETS REVIEW - KNOW BASICS

IC Markets Broker is considered the “gem” of the trading market and many good reasons.

The Company was founded in 2007 and received their licenses from the (AFSL) Australian Financial Services Licenses and (ASIC) Australian Securities and Investment Commission back in 2009. No doubt, IC Markets Broker is one of the prestigious trading platforms that you ever come across.

"They are dealing with Meta Quotes Software Corporation, 
MetaTrader 4 and 5, and C Traders platform as well."

So that’s enough of the introduction, right? Let’s get started with the “Account Types, Regulations, and Trading Platforms” of IC Markets.

Here we go!

#IC MARKETS BROKER REGULATION

Before you get started with the biggest giant, it’s important to know the company's regulations. Yes, the IC Market is regulated by (FSA) Financial Services Authority of Seychelles. This means you can trade with the IC Markets without any problem because they are being “Watched and Analyzed” by the best regulatory body in the world.

No then, you must be wondering about the account type of IC Markets Broker, right? Let’s break them down and talk briefly.

#ACCOUNT TYPES OF IC MARKETS BROKER

There are three types of account types that IC Markets Broker is dealing with:

  • Standard Account
  • Raw Spread Account
  • cTrader Raw Account

STANDARD ACCOUNT

  • It is specially designed for the beginners
  • You’ll enjoy the Meta Traders 4 platform for the trading purposes
  • There are large spreads, and you’ll have to pay no commission at all

RAW SPREAD ACCOUNT

  • This account is specially made for the professionals
  • You can use the MetaTrader 4 platform for the “Forex Trading Purposes.”
  • There will be a low spread, but you’ll have to pay $3.50 per lot commission
  • MLQ4 programming language is used for this account

CTRADER RAW ACCOUNT

  • If you’re an expert in Forex trading, then this account is for you
  • You’ll have cTrader Forex Trading Platform
  • The spread is low, and you should have to pay $3 per lot commission
  • They are using the C# language for this account.

These are the account types that IC Markets Broker provides to you, and you can choose one “According” to your requirements, needs, and wants.

It’s time to discuss the “trading platforms” that this broker is dealing with:

#TRADING PLATFORMS OF IC MARKETS BROKER

They are dealing with three platforms for trading:

  • Meta Trader 4 (Web and Mobile Devices)
  • Meta Trader 5 (Web and Mobile Devices)
  • cTrader Platform
MetaTrader 4
  • It is the most popular and amazing platform for beginners
  • Interface and management system are easy to handle
  • Experts and Advisors are available for the scalping traders
MetaTrader 5
  • It has built-in functions to “Automate” the trading
  • It has Forex VPS (Virtual Private Hosting Service) to maximize the executions
  • With the free trading robots, you’ve got the permission to reach MQL5 Community
CTRADER PLATFORM
  • It has so many charting options, and you can customize everything from your android phones as well
  • You have the authority to enjoy the direct access to liquidity pools
  • You can also have a “Back-Testing” facility where you can test things based on “Past Market Data.”
TRADING PLATFORM PROS AND CONS

Pros

Cons

Free Reports

No-two steps verification

Customization (For Charts and Workspace)

Poor design

Confirmation of the order

No price alerts

IMPORTANT THINGS OF IC MARKETS

As we are done with the basics of “IC Markets Broker,” it’s time to discuss the important and in-depth details. 

Let’s enlighten our audience!

#SPREAD OF “IC MARKETS BROKER”

IC Markets accounts are considered as one of the best in the world when it comes to providing “Best Value” for your money. Here’s what the spread of “IC Markets Broker” is based on:

  • The average spread is very low for all the account when compared with other brokers
  • The commission lot is competitive ($3 per lot)
  • They won’t charge you for any deposit or withdrawal.

That’s why the spread of this “Company” is considered one of the world's best.

Now, let’s move to the execution time of the “IC Market” and let us know about this topic:

#EXECUTION TIME

There are basically two types of executions that “every broker” works with:

  • Instant Execution
  • Market Execution

Instant Execution: Unfortunately, you won’t be able to enjoy the Instant Execution with IC Markets because they don’t offer it. You can have the market execution and if you don’t know what market execution is, then here’s the definition:

Market Execution: In the Forex Trading, the market execution, the client only specifies the volume while placing the order. The asking price of your asset is generated during the execution process. You don’t have to deal with any loss if the value of the asset changes during the execution process.

#COMMISSION AND FEE OF IC MARKETS BROKER

There are around ten currencies that “IC Markets Broker” is offering to you, and your commission and fee shall be decided upon selecting the specific currency pair for your trading.

If you want to open the AUD Base account then you need to look at the graph given below:

You should keep one thing in your mind, and that is, “If you want to enjoy no interest fees, then they have an Islamic account too. You can have the Islamic account on the cTrader account type.

FEES PROS AND CONS

Pros

Cons

Low Trading Fee

High Financing Rate for CFDs

Low Non-Trading Fee

 

Low Forex Fee

 
#LEVERAGE/MARGINS OF “IC MARKETS BROKER”

There are different leverage and margins for every account type, and they haven’t mentioned them anywhere, but there’s still good news. We have extracted the “Formula” of calculating the Leverage/Margins of IC Markets Broker:

Margin = trade size/account leverage

#CUSTOMER SERVICE

The customer service of “IC Markets Broker” is extremely great, and they are available to help you 24/7. You can send them an email, call (+61 (0)2 8014 4280) or live to chat with them to get your queries done.

Additionally, they have a help page where you can get “Different answers to different questions” related to your problem.

Are you satisfied with the above-given information regarding IC Markets? It’s time to open the account and get started with Forex trading.

HOW TO OPEN AN ACCOUNT ON IC MARKETS BROKER

To open the account, you don’t have to deal with the complications because it’s super easy to open it. Follow the steps given below, and you’re done:

  1. The first thing we need to do is to head towards the official website by Clicking Here.
  2. Once the page is open, You’ll be shown the front page containing different information like in the picture given below:


   3. You need to scroll down a little bit, and you’ll end up getting the information regarding opening the account. Just enter the information as given below and click on the Next button:

   4. Once entering the basic information, they will ask you for more information about you, and that will lead by the “Trading Account Information, Declaration and Fund Account,” and you’re done:

   5. Click on the Next button, and you’ll be asked to verify the account by heading towards your email and confirm the account. You can sign up via “PayPal” as well.

  6. Once the account is verified, they will ask you for the information like; Your CNIC, Home Address, Bank Account Detail and Possibly as Selfie

  7. After they verify your identity, they will declare your account as “Opened,” and you can use it accordingly.

OPENING THE ACCOUNT PROS AND CONS

Pros

Cons

Easy

None

Fully Digital

 

Minimum Deposit Fee

 


That’s how simple it is to open an account, but the main question that comes up is “How to withdraw the profited money.” Scroll down to check the process!

HOW TO WITHDRAW THE MONEY

To withdraw the money from your account, you need to login into your account and then head towards the Withdrawal form. Following are the payment gateways you can use to withdraw your money:

  • Credit Card/Debit Card Withdrawal-No transaction fee (But Credit/Debit card may not be available for all the countries)
  • Bank Transfer: You can send the funds directly to the bank, and there’s no transaction fee
  • PayPal, Skrill, and Neteller: The transaction fee is 0%, and you will receive the funds instantly once executed

Note* You need to execute the payment request in the business days otherwise; you’ll have to wait for the business days to come and process your money.

DEPOSITING/WITHDRAW PROS AND CONS

Pros

Cons

Credit Card/Debit Card Available

None

Free Withdrawal

 

No Deposit Fee

 

COMPARISON - IC MARKETS VS. XM

It’s time to talk about the customer reviews and the comparison of IC Markets Broker with XM.com.

Let’s get started!

XM.com

IC Markets Broker

Overall Ratings: 4/5

Overall Ratings: 4/5

Trust Score: 81

Trust Score: 80

Founded In: 2009

Founded In: 2007

Publically Traded: No

Publically Traded: No

Tier-1 Licenses: 2

Tier-1 Licenses: 1

Tier-2 Licenses: 1

Tier-2 Licenses: 1

Tier-3 Licenses: 0

Tier-3 Licenses: 1

Authorized in EU: Yes

Authorized in EU: No


 So, that was the brief comparison between “XM.com vs IC Markets Broker.” And let’s now move towards the advantages and disadvantages of IC Markets.

ADVANTAGES AND DISADVANTAGES OF IC MARKET BROKER

There are a few advantages and disadvantages that you should go through before you leave this place. Here we go!

ADVANTAGES

  • They are providing you with great liquidity
  • It is regulated by the ASCI
  • The minimum deposit starts at “$200.”
  • Segregate Client Funds
  • Outstanding Customer Service

DISADVANTAGES

  • A limited number of instruments
  • They aren’t regulated by FCA.

So, these are the few advantages and disadvantages of “IC Market Broker,” and it’s time to head towards Bonuses, Promotions, and Contests.

IC MARKETS BROKER BONUSES, CONTESTS, AND PROMOTIONS

Just like all the other brokers, they do have bonuses, contests, and promotions as well. Read everything below.

BONUSES AND PROMOTIONS

Many brokers offer you bonuses to open the account and deposit on your first money to encourage doing Forex trading. That’s not the case with the IC Markets Broker; they don’t offer you any bonuses and promotional gifts. Well, you shouldn’t be surprised because a lot of other brokers aren’t offering rewards now.

CONTESTS

There’s a contest going on where you have to open the Demo account and earn the most profit with minimum risk involved. In the tournament, $1000 cash will be distributed to the first ten winners, and the first ten winners will get $1000 money deposited into their live accounts.

You can enter the contest on the 28th of every month, and there are no limitations and no entry fee.


IC Markets Broker is a great place for investors because there’s no deposit and withdrawal fee, opening the account is easy, and customer service is great. Feel free to ask us questions regarding IC Markets Broker, and we will help you with everything possible.

FAQ

Trading – Scalping AllowedIC Markets MetaTrader 4 and 5 platforms have no restrictions on trading. We have some of the best trading conditions for scalping and high-frequency trading globally, allowing traders to place orders between the spread as there is no minimum order distance and a freeze level of 0.

IC Markets does not offer negative balance protection. Should you have a negative balance on your account, we suggest you contact us as soon as possible.

IC Markets is authorised and regulated by the Australian Securities and Investments Commission (ASIC) and The Seychelles Financial Services Authority (FSA). Trade with a peace of mind knowing IC Markets is monitored by one of the strictest financial regulatory bodies in the world.

You can withdraw funds from your trading account by submitting a withdrawal request from your Client Area. There are a number of withdrawal methods available; however, the methods available depend on the deposit method that you used to initially fund your account.

IC Markets holds client money in segregated client trust accounts with a number of AA rated Australian banks. We diversify the client money in segregated client trust accounts across multiple banks to reduce the credit risk and counterparty exposure. How does IC Markets use my personal information?

However, this may vary depending on your jurisdiction and the bank you use, and it may take up to 14 days and incur additional intermediary fees. Credit / Debit Card withdrawals* are processed free of charge. Once processed, Credit / Debit Card withdrawals may take 3-5 business days to reach you credit card.

IC Markets is authorised and regulated by the Financial Services Authority (FSA) of Seychelles. Trade with a peace of mind knowing IC Markets is monitored by one of the strictest financial regulatory body in the world.

IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC). Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Super ECN Forex Broker In 2022 - IC Markets
Exclusive CFDs Forex Broker In 2022 - Super ECN Forex Broker In 2022 - IC Markets Overview
Pros
  • Zero fees on Deposit & Withdrawal
  • Offer Ctrader & MT5
  • Live chat 24/7
Cons
  • IC Markets doesn't offer any bonuses
  • Does not accept U.S. traders
  • Doesn't accept Bitcoin