One of Australia’s leading trading providers.
Broker: IC Markets
Leverage: 1:30 | 1:500
Regulation: ASIC, CySEC, FSA
Min. Deposit: 200 US$
HQ: Australia
Platforms: cTrader, MT4, MT5
Found In: 2007
Website: icmarkets.com
IC Markets Licences
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International Capital Markets Pty Ltd – authorized by ASIC (Australia)registration no. ACN 123 289 110. AFSL 335692
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IC Markets (EU), Ltd – Authorized by CySEC, (Cyprus).registration Number 362/18
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Raw Trading Ltd – authorized by FSA (Seychelles)registration no 8419879-2
In 2007, the company was established in Sydney by a group of financial professionals. Their goal was to provide trading solutions for both institutional and retail clients. The broker has grown to be one of Australia’s leading trading providers and is now able to serve international and European clients. It also established a Chinese Support Centre and offers truly competitive trading conditions.
IC Markets is an Australian-incorporated brokerage company. It offers a transparent pricing structuresince 2007.
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Good reputation
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Great selection of platforms including MT4, MT5 or cTrader platform
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Education is provided
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Customer support 24/7
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You can choose between spread basis or raw spread accounts
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Many instruments are available
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Spreads are higher than the average.
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Reliability ⭐⭐⭐⭐⭐
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Platform ⭐⭐⭐⭐⭐
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Commissions ⭐⭐⭐⭐
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Support ⭐⭐⭐⭐⭐
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Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.8
IC Markets, an ECN tradingenvironment provider, offers true spreads starting at 0.0 pip from liquidity suppliers from more than 50 banks and dark pool liquidity providers across 60 forex pairs. IC Markets is a great choice for scalpers, EA traders, and traders who trade high volumes. They also offer a no-dealing desk that allows them to manipulate the prices.
Execution brings speed and low latency to traders’ orders through fiber optic. Servers in the NY4 and LD5 IBX Equinix Data Center New York, and London connect them to the market.
IC Markets is a trusted broker because the licensed and regulated trading firms are continuously audited and overseen by an external reputable authority.
IC Markets is an Australian-incorporated broker. It does its service as regarded by the Australian Securities and Investments Commission license (read more about why you should trade with ASIC brokers). IC Markets also operates a Cyprus-regulated entity, which allows it to legally and officially offer trading services for European clients.
IC Market traders can be confident with a license from ASIC and regulation from ASIC. ASIC is one of the most strict and demanding financial regulators. Money protection is provided by multiple regulated methods and includes the client cash segregationwhile accounts that are only accessible by the client and used to facilitate their trading.
IC Markets is also a member the Financial Ombudsman Service, which is an approved Australian scheme for external dispute resolution that resolves disputes between members and consumers.
IC Markets offers leverage from 0 to 500 that opens up the Forex market to Retail traders who have a small or low initial deposit to cover margins. Leverage can increase gains, but remember that losses could also exceed your initial deposit.
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Maximum 1:500 is available for Australian clients
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European traders are allowed to trade at 1:30
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International proposals: 1:500
The broker gives leverage to traders to allow them to trade with more capital and maximize their potential gains. We recommend that traders use tools smartly and carefully read how to set up the correct leverage for a specific instrument or trading strategy.
There are three main account types that offer the same compatibility, power and are tailored to different trading styles. The two first accounts offer raw spread conditions and a commission per trade. You can also choose from MT4 or cTrader.
These accounts can be opened in multiple currencies and up to 10. They are also fully segregated from company funds and are supported by a multilingual customer team. Traders who adhere to Sharia rules may sign for Swap-free or Islamic account as an option at IC Markets. They also have a risk-free demoon both MT4 & cTrader that allows them to practice their trading strategy.
IC Markets has different pricing defining trading fees for applicable accounts. The fees can vary depending on account type and platform. Be aware that different IC Markets entities may have their own trading conditions.
The Standard account is enabled through MetaTrader4 using CNS VPS Cross Connect and spreads only on 1.0 pip. The True ECN or Raw Account permits micro lot trading starting at 0.01 and deep institutional liquidity. ECN spreads start from 0 with a commission of 3.50$ per 100k traded.
Spreads for EURUSD average at about 0.1 pips per day (24/5 according to IC Markets expert advisers) which is the current tightest average EURUSD spread globally.
CTrader ECN accountoffers approximately the same features as MT4, with the exception that it is used by professional traders of larger sizes. Equinix LD5 executes the trades through Equinix ECN5. The spread is 0.0 pip and there is a commission of 3.00$ per 100k traded.
IC Markets overnight fees or aswap rates determined by the overnight difference between the currencies in the pair. It also depends on whether the position is a sell’short or buy ‘long. Although the fee initially varies by currency, you should keep in mind that it may be a negative or positive for your account.
The market offers a wide range of instruments that can be traded. It also includes new additions like Cryptocurrencies. FX, Equities and Commodities are the asset classes. Futures CFDS, Stocks, Bonds and Stocks are also available. The IC Markets Crypto trade offers trading pairs using Bitcoin, Ethereum and Dash. It also allows you to go long or small with a leverage of 1:5 margin of 20%, and a minimum of 0.01.
IC Markets offers 10 flexible financing optionsin 10 major base currencies AUD, GBP, JPY, HKD, SGD, NZD, CHF, EUR, USD. This is great because you can choose the right one for yourself and avoid additional conversion fees.
You can deposit and withdraw funds from the client secure area.
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Cards,
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PayPal,
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Bank Transfer, including local.
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Neteller, Skrill, WebMoney, Qiwi,
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China UnionPay, FasaPay, and many more
IC Markets requires a minimum deposit of 200$ to open a Standard Account on MetaTrader4 and other account types at IC Markets.
IC Markets Minimum Deposit vs Other Brokers
IC Markets All Other BrokersMinimum Deposit$200$500“>
IC Markets also offers advanced software options, in addition to the highly technical optimization of execution by the leading technologies. MetaTrader4 and cTrader are two of the most popular trading platforms on the market. IC Markets has both direct access to the ECN trading environment.
You can trade MetaTrader5 an updated and enhanced version packed with new features, if you wish.
Pros
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The mainstays of an industry are MT4 or MT5
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Raw spreads available for cTrader
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Design that is friendly to customers
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A wide range of advanced tools
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Automated trading and PAMM capabilities
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There are no restrictions on the strategies
The platform features are all powerful and there is no need for us to go into detail. You can choose from a variety of platforms that you can use via the Web Platform or right from your browser. Or, you can download a Desktop version to enjoy all customization MetaTrader and cTrader features.
IC Markets is a comprehensive platform that takes trading to the next level. The platforms offer many additional features and extensions, such as a one click trade module, market depth, spread Monitor, trade risk calculator and advanced orders, which were previously unavailable on MetaTrader 4.
Mobile apps are also available. They are extremely useful for traders who want to keep up with market conditions wherever they are. Similarly, MT4, MT5 or cTrader can be accessed via Android and iOS devices. This allows account management and control of the positions.
Auto trading is compatible to all broker’s platforms. EAs at MT4 and MT5 myfxbook on cTrader platform. ZuluTrade also available. ZuluTrade, one of the most popular social trading platforms, allows you to choose from thousands of skilled traders and follow their trading signals free of charge.
MAM and PAMM offer multi-account management tools that are flexible and easy to navigate if you’re willing to join the broker’s partnership. FIXoffers a great opportunity to high-volume traders. VPS (Virtual Private Server), allows you to run a variety automated trading strategies and can be used for free (if you reach a minimum volume of 15 round turns (FX) lots per month).
IC Markets is committed to providing the best technology solutions, but also understanding the importance of quality customer service. The broker support team is available 24 hours a day and has offices throughout the world.
IC Markets has a unique trading platform that allows you to choose from a variety of tailor solutions for almost all trading parameters. You can also choose which trading instrument, platform to use, account type, account to open, use auto trading, social trading, or become a partner. IC Markets technical Optimization is thestrongest for execution, platform optimization and support.
