IC Markets Review
Leverage: 1:30 | 1:500
Regulation: ASIC, CySEC, FSA
Min. Deposit: 200 US$
Platforms: cTrader, MT4, MT5
Found in: 2007
Leverage: 1:30 | 1:500
Regulation: ASIC, CySEC, FSA
Min. Deposit: 200 US$
Platforms: cTrader, MT4, MT5
Found in: 2007
IC Markets is a large Forex Trading Company incorporated in Sydney, Australia in 2007 by a team of financial professionals who aimed to bridge the gap between retail and institutional clients offering trading solutions. IC Markets provides an ECN trading environment with spreads from 0.0 pips from the liquidity suppliers from over 50 different banks and dark pool liquidity sources across 60 forex pairs.
Recently, as we see with our data and research the broker grows to one of the leading trading providers in Australia with its headquarter and also expand beyond as serves international and European entity, also establish a Chinese Support centre and proposes truly competitive trading conditions.
Even though, IC Markets is CFD broker too, so the execution brings speeds and low latency through fiber optic connects traders’ orders to the market by servers in the NY4 & LD5 IBX Equinix Data Center New York and London. Yet, instrument and execution might be different based on the instrument you trade.
IC Markets is a broker with good reputation, a great selection between platform including MT4, MT5 and cTrader platforms, also with good quality education provided for free and 24/7 customer support. There is a selection between spread basis and raw spread accounts also various instruments are available, which makes it a favorable choice for various traders with our opinion.
On the flip, the proposal vary according to the entity and is larger via offshore entity, also we found some spreads higher than average for other instruments.
|Fully regulated broker||Trading proposal and conditions vary according to regulation|
|Advanced range of trading products, CFD trading||Offshore entity for international clients|
|Raw spread and standard accounts|
|MT4, MT5 and cTrader platforms|
|Good fees for Forex|
|Education on Free basis|
|🗺️ Regulation||ASIC, CySEC, FSA|
|🖥 Platforms||cTrader, MT4, MT5|
|📉 Instruments||FX, Equities, Commodities, Futures CFDS, Stocks and Bonds, Crypto trade|
|🎮 Demo Account||Available|
|💳 Minimum deposit||200 US$|
|💰 EUR/USD Spread||1 pip|
|💰 Base currencies||10 currencies offered|
|📚 Education||Included on a free basis|
|☎ Customer Support||24/7|
With our Expert finds and review we consider proposal quiate good one, with quite favorable trading conditions and low fees for Forex trading. IC Markets is a choice for high-volume traders, scalpers, EA traders and robots that can enjoy no dealing desk with no manipulation at the prices.
|Ranking||IC Markets||BlackBull Markets||Pepperstone|
Yes, we found IC Markets instrument offering mainly offering Forex and CFDs, also in its international entity trading conditions are different. Even though, spreads, platforms and education are good in IC Markets it good to consider other brokers too, see our selection of Alternative Brokers below:
IC Markets is known as a safe broker, as the licensed and regulated trading companies are constantly overseen and audited by an external reputable authority.
See our conclusion on IC Markets Reliability:
|IC Markets Strong Points||IC Markets Weak Points|
|CySEC and ASIC regulated international broker||International proposal runs through offshore entity|
|Global coverage and years of operation|
|Professional Indemnity Insurance|
In the case of IC Markets, the broker is incorporated in Australia it does its service regarded by the Australian Securities and Investments Commission (ASIC) license (read more why trade with ASIC Brokers). Also, IC Markets runs a regulated entity in Cyprus, therefore officially and legally operating trading service for European clients.
IC Markets offers leverage based on the entity you trade. While initially leverage opens the path to the forex market for Retail traders with a quite low or small initial deposit to cover margins. The use of leverage can magnify gains but you should always remember that losses can also exceed your initial deposit.
Leverage is known as a loan given by the broker to the trader to enable trading with a bigger capital and increase potential gains. However, we would recommend to any trader use tool smartly and read carefully how to set up correct leverage to a particular instrument or trading strategy, as also leverage defined by the IC Markets entity and particular jurisdiction regulations.
There are three main account types offered by IC Markets as we found, all featuring the same compatibility and power provided by the company, yet are designed to meet the expectations and needs of different trading styles. Two first account offering raw spread condition and commission charge per trade also offering either MT4 platform of cTrader for your selection.See our find of good and negative points forr IC Markets accounts.
|Fast Account Opening, fully Digital||None|
|3 Account types|
|Good options for a various trading style|
|Spread only or raw spread accounts|
|Micro Account and Islamic Account offered|
|10 Account Base Currencies|
Risk-free demo account is available on both MT4 and cTrader that allows the practice of the trading strategy, which is great to start with the broker. Also, the accounts are available in multiple currencies, up to 10, are fully segregated from the company’s funds, and supported by a multi-lingual customer team. Additionally, traders that follow Sharia rules can sign for Swap free or Islamic account as an option at IC Markets too.
The market’s offer includes a range that suits demands of any trader and include the major instruments to trade, along with new additions alike Cryptocurrencies. The asset classes consist of FX, Equities, Commodities, Futures CFDS, Stocks, and Bonds. The IC Markets Crypto trade offers trading pairs with Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash, and Ripple, and allows go long or short with a leverage 1:5 margin of 20% and a minimum lot of 0.01.
IC Markets offers different pricing defining trading fees on applicable accounts, as the fees are slightly diverse based on the account type and platform you choose. Also, beware that various IC Markets entities in different jurisdictions may apply its own trading conditions, so be sure to check it out as well.
|Fees||IC Markets Fees||AvaTrade Fees||eToro Fees|
Here are some of our finds on Spreads and trading costs: The Standard Account enabled through MetaTrader4 with CNS VPS Cross-Connect and spread only basis from 1.0 pips. While the True ECN account or Raw Account allows micro lot trading from 0.01 size, deep institutional grade liquidity, ECN spreads from 0 pips and a commission of 3.50$ per 100k traded available at MT4 also.
cTrader ECN account offering approximately the same feature as MT4, but with the difference of the platform that is used by mainly professional traders of a bigger size. The applicable spread also starts at 0.0 pips and a commission of 3.00$ per 100k traded that serves execution through Equinix LD5.
|Asset/ Pair||IC Markets Spread||AvaTrade Spread||eToro Spread|
|EUR USD Spread||1 pip||1.3 pip||3 pip|
|Crude Oil WTI Spread||5 pip||3 pip||5 pip|
|Gold Spread||1 point||40||45|
IC Markets overnight fee or a swap rate determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’. The fee originally varies from one currency to another, but you should always bear in mind its existence that may bring you either a negative or a plus to your account.
IC Markets offers 10 flexible funding options in 10 major base currencies AUD, GBP, JPY, HKD, SGD, NZD, CHF, CAD, EUR, USD. Which is great, since you may choose the suitable one for you and avoid extra conversion fees.
Here are some good and negative points for IC Makrtes funding methods found:
|IC markets Advantage||IC markets Disadvantage|
|No deposit fees||Conditions may vary according to regulations|
|Withdrawals free of charge|
|Wide range of payment methods supported by an international entity|
|Numerous base currencies|
From the client secure area, there is an ability to deposit or withdraw funds throughout
Minimum deposit for IC Markets is 200$ for Standard Account on MetaTrader4, along with other two account types available at IC Markets. See our snapshot on fees below
IC Markets minimum deposit vs other brokers
|IC Markets||Most Other Brokers|
IC Markets withdrawals allowing to use popular Bank Transfer, WebMoney, Cards and e-wallets, IC markets does not charge additional fees for deposits and apply 0$ fee for withdrawals. Yet, for International Bank Wire withdrawals, IC Markets pass the transfer fees charged by the company banking institution, which is approximately AUD20 that is deducted from the amount of your withdrawal.
Various payment methods will process withdraw money in its defined time, while IC Markets accounting team confirms transactions quite quickly within 1-2 business days.
Apart from the sophisticated technical optimization of the execution provided by leading technologies, we see IC Markets Platform offers advanced software proposals inclduing – MetaTrader 4 and cTrader are two of the best trading platforms available in the market today, hence IC Markets have both options in their direct access to provided ECN trading environment.
Nevertheless, you can still trade through MetaTrader5 an updated and improved version that is packed with brand new features if you prefer so.
|Platforms||IC Markets Platforms||BlackBull Markets Platforms||Plus500 Platforms|
Each of the platforms is available in different versions suitable for use either via Web Platform or directly from your browser or you can install Desktop version and enjoy full customization MetaTrader or cTrader offers. See platform look below:
Mobile Apps are also available and are very useful for modern traders stay updated with market conditions on the go. Likewise, MT4, MT5 and cTrader are available via Android or iOS devices, also permitting account management and control over the positions.
In addition, Auto trading compatible with all broker’s platforms, EAs at MT4 or MT5 myfxbook at cTrader platform and as an addition, ZuluTrade is available too. ZuluTrade is one of the best social trading platforms that allow to choose among thousands of talented traders and to follow their trading signals for free.
IC Markets strives to offer not only the best technological solutions but understanding the necessity of good quality customer service and support. The broker support is available 24/7 and runs customer offices in various regions, so that all global is covered with IC Markets available to answer or assist teams.
See our find and Ranking on Customer Service Quality:
|Quality customer support with live chat||None|
|Multilingual support with free Lines|
|24/7 Customer Service|
Since, IC Markets team has a significant amount of experience within the forex industry, hence understands what traders want and need exactly. Educational materials provided on a free basis and allows to obtain a clear vision of the topic through regular technical analysis reports, video tutorials, informational tools, webinars and more.
Research tools are available as well, including inbuilt numerous analysis tools inside platforms, as well as offering IC Markets designed Market Analysis Blog, Economic Calendar and trading ideas available through platforms, allowing beginning of professionnal traders to get bgood tools.
In conclusion, the IC Markets offers quite advanced trading offering, while you are able to choose from a wide range to tailor solutions to almost any trading parameter, which instrument to trade, a platform to use, account to open, to use auto trading or social trading, or even become a partner.
Indeed we mark, IC Markets technical optimization is among the strongest in terms of execution, platform optimization, the range of tools and provided support.
Based on Our findings and Financial Expert Opinion IC Markets is Good for:
No news available.