IC Markets Review 2023

IC Markets is one of the largest foreign exchange and CFD providers in the world. Every day, it processes $15 billion worth of foreign exchange trades through over 500,000 orders.

IC Markets Main Highlights

🚀 Minimum deposit:	200$
⚖️ Leverage:	1:500
🛡️ Regulations & Licenses:	CySEC, ASIC, SCB, FSA, SVGFSA, AMF
💵 Deposits/Withdrawals:	Credit Card, Debit Card, Bank Transfer, Broker-To-Broker Transfer, PayPal, Skrill, Union Pay, Neteller, FasaPay, Poli, Rapid Pay, Klarna, Thai Internet Banking, Vietnamese Internet
💻 Trading platform:	MetaTrader 4, MetaTrader 5, cTrader, AutoTrade (Myfxbook), ZuluTrade
🌙 Islamic Account:	Yes
🔗 Main domain:	icmarkets.com

A Look at IC Markets

IC Markets is a major international provider of online forex and CFD trading. Based in Sydney, Australia, the company handles over $15 billion in foreign exchange transactions every day and executes over 500,000 orders.

It is regulated by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the Financial Services Authority of St Vincent & the Grenadines. IC Markets provides services to clients from more than 140 countries and has over 100,000 active customers.

IC Markets provides tight spreads from 0.0 pips for major currency pairs, plus lightning-fast order execution that usually takes under 40 milliseconds.

A minimum deposit of $200 is required to start trading, and a variety of payment methods are accepted, such as debit and credit cards, bank transfers, PayPal, Skrill, Union Pay, and Neteller. All customer funds are held in segregated accounts and fully protected for extra security.

IC Markets Top Features

All strategies accepted

IC Markets offers traders the opportunity to use a variety of strategies like scalp trading, hedging, and automated trading. Fast Equinix servers in London and New York allow users to benefit from quick colocation execution and powerful VPS (Virtual Private Servers) with increased reliability and safety.

Excellent trading conditions

IC Markets stands out in the industry for its excellent trade execution. It has a range of advanced features, such as multiple order types, detachable charts, and market depth, as well as low latency, quick order matching, deep liquidity, and tight spreads. That’s why many traders choose IC Markets.

Strong security

Investors who want to create a variety of investments can pick from more than 230 investments, including ones not usually seen, such as bonds, futures, and digital currencies.

IC Markets Account Types

IC Markets provides a selection of account options to fit both new and experienced traders. Simply decide which trading platform and pricing model suits you best to get started. Every account includes access to IC Markets Raw Pricing offering and a broad selection of products.

Raw spread (cTrader)

• Trading platforms: cTrader.
• Commission (per USD 100k): 3.0$
• Spreads from (pips): 0.0

Raw account

• Trading platforms: MetaTrader
• Commission (per lot per side): 3.5$
• Spreads from (pips): 0.0

Standard account

• Trading platforms: MetaTrader
• Commission (per lot per side): 0$
• Spreads from (pips): 0.6

Islamic account

IC Markets offers special accounts, called swap free accounts, for clients who follow religious beliefs that prevent them from earning or paying interest. These accounts are available on MT4, MT5, and cTrader platforms for both Raw Spread and Standard accounts.

• 90+ instruments.
• Spreads as low as 0.0 pips.
• No additional costs in place of Swaps.

IC Markets Regulations and Licenses

IC Markets currently has three regulators: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and St. Vincent & the Grenadines Financial Services Authority (SVGFSA). They also follow global regulations to prevent money laundering and financial terrorism.

IC Markets is a regulated broker that puts customer safety first. To guarantee the security of all customer funds, IC Markets keeps the money in separate accounts and provides full insurance.

Furthermore, the broker meets all internal risk management and capital requirements and is regularly audited by external parties to ensure compliance. By prioritizing transparency, IC Markets ensures that customers’ interests are always safeguarded.

IC Markets Trading Platforms

IC Markets provides investors with a safe trading environment. All client funds are kept in segregated accounts and are fully insured. This broker also offers the world’s most popular forex trading platforms: the MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

These platforms have both demo and live accounts available on all mobile devices like iPhones, iPads, and Android devices. The broker complies with all internal risk management and capital requirements and is regularly audited by external parties to guarantee full compliance. This ensures that customer interests are always safeguarded.

MetaTrader 4

MetaTrader is a forex trading platform, popular with beginner and intermediate traders. It offers a user-friendly interface, quick order management, risk management tools, and the ability to use Expert Advisors (EAs) for algorithmic trading. EAs can be downloaded from the MetaTrader Marketplace or written with the MQL4 programming language.

MetaTrader 5

A multi-asset trading platform that enables the trading of CFDs and forex. EAs and the MQL5 programming language can be used to automate trading. An in-built Market of trading robots allows for easy algorithmic trading. The Virtual Hosting service (Forex VPS) provides fast execution speeds.

Access to the MQL5 community and free trading robots is also included.

cTrader Platform

A forex trading platform that lets you trade in an institutional-style environment. You can customize the interface with charts and apps for iPhone and Android. It offers direct access to liquidity pools for algorithmic forex trading with cBots and has back-testing tools based on past market data.

Forex platform execution speeds

IC Markets forex platforms use Equinix servers which make it quick to place orders. cTrader is based in the LD5 server in London while MT4 and MT5 use NY4 in New York. The broker has direct access to price data from 50+ banks and institutional liquidity providers, resulting in tight spreads and minimal slippage when trading forex. This is ideal for scalpers and hedgers.

Mobile platforms

Modern traders can access the markets conveniently with mobile apps that can be downloaded on Android or iOS devices. These apps allow them to stay updated with market conditions while they are on the go. Additionally, they can manage their accounts and control trades using MT4, MT5, or cTrader.

AutoTrading

Auto trading is compatible with all types of trading platforms, including MT4, MT5, my book, and cTrader. Additionally, ZuluTrade is available, which is one of the top social trading platforms that allows users to select from thousands of skilled traders and track their trading signals for free.

IC Markets Deposits & Withdrawals

IC Markets provides 10 different payment options in 10 major currencies. This is beneficial since you can choose the right one for you and avoid extra conversion costs.

Deposit options

From the client secure area, people can add or remove money using credit cards, PayPal, bank transfers (including local ones), Neteller, Skrill, WebMoney, Qiwi, China UnionPay, FasaPay, and more.

Withdrawals

IC Markets offers a variety of withdrawal options such as Bank Transfer, WebMoney, Cards, and e-wallets. There are no additional fees for deposits and no fee for withdrawals.

For International Bank Wire withdrawals, IC Markets will deduct the transfer fee charged by their bank (usually around AUD20) from the amount of your withdrawal.

IC Markets accounting team completes transactions quickly, usually within 1-2 business days.

IC Markets Education

The team at IC Markets has a great deal of knowledge in the field of forex trading and understands exactly what traders need. They provide free educational materials and regularly release technical analysis reports, video tutorials, webinars, and more to help traders gain a better understanding of the topic.

They also offer research tools, such as in-built analysis tools, a Market Analysis Blog, an Economic Calendar, and trading ideas, to help beginning traders get the best resources.

IC Markets Trading Services

IC Markets provide a variety of CFD trading services, with no middleman involved in the process. These services include:

Forex

It offers more than 60 major, minor, and currency pairs with spreads as narrow as 0.0 pips plus a commission or 1.0 pip without any commission.

Indices

Trade shares in 23 of the most popular global indices without paying any fees on any of our three trading platforms.

Commodities

You can trade contracts for difference (CFDs) of over 19 commodities including agriculture, metals, and energy, predicting their value against the US dollar. These CFDs can be traded as both spot and futures.

Stocks

You can buy and sell shares of more than 120 major companies through the MetaTrader 5 (MT5) platform. These stocks are listed on the NYSE, Nasdaq, and the Australian Stock Exchange.

Bonds

You can invest in different bonds from the UK, Japan, USA and Europe with IC and not have to worry about any commission fees.

Cryptocurrencies

CFD traders can predict if the price of 18 different cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Ripple, will rise or fall.

Futures

You can use the MT4 platform to trade 4+ futures CFDs with no extra fees. This includes the ICE Dollar Index and the CBOE VIX Index.

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