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Ideally suited for active traders, IC Markets is a reputable brokerage firm known for its favorable trading conditions. With a wide range of trading instruments, low spreads, and high-speed order execution, it caters to both novice and experienced traders. Offering multiple account types, including Raw Spread and Standard accounts, IC Markets provides flexibility to suit diverse trading styles. Its customer support operates 24/5, and the broker has gained popularity for its reliable services.
Popular user’s questions about IC Markets:
Is IC Markets trustworthy?
Yes, IC Markets is considered a trustworthy brokerage firm with a strong reputation in the industry. Broker is autorized by reputable regulator as ASIC (Australia) and CySec (Cyprus).
Which broker is better than IC Markets?
Comparing brokers depends on individual preferences and needs; some alternatives include RoboForex, Exness, and XM. However, these may not necessarily be “better” than IC Markets.
Does IC Markets have no-trading fees?
No, IC Markets does not charge any fees for inactivity or for withdrawal purposes.
Is IC Markets legal in the USA?
IC Markets does not accept clients from the United States, as it is not authorized to function in that region.
Top facts about IC Markets beginners need to know
IC Markets, founded in 2007 in Sydney, Australia, emerges as a reliable brokerage firm with a global footprint. The group, equipped with licenses from SFSA, ASIC, and CySEC, ensures legal and compliant operations, offering a secure trading environment. Here's why you should consider using IC Markets:
Global compliance
With offices in various regions, IC Markets operates legally in almost any jurisdiction, ensuring adherence to local laws.
Regulatory assurance
Holding licenses from reputable authorities such as SFSA, ASIC, and CySEC, IC Markets demonstrates a commitment to regulatory compliance, providing traders with a trustworthy platform.
Financial protection
As a member of the Financial Commission, IC Markets offers a safety net with an insurance fund, providing coverage of up to EUR 20,000 per trader in case of unforeseen circ*mstances.
Speed of execution
If swift order execution is needed, then IC Markets delivers with the Equinix NY4 server and a fiber-optic network, enabling order execution as fast as 40 milliseconds.
Free VPS service
Traders with a need for uninterrupted 24/7 trading can benefit from IC Markets' offer of a free Virtual Private Server (VPS).
High trading volume
IC Markets consistently ranks among the top 5 global Forex brokers in terms of trading volume, indicating a high level of market activity and liquidity.
IC Markets pros and cons
Trading with IC Markets presents several advantages, making it a preferred choice for many traders:
Pros
Favorable trading conditions
IC Markets provides a trading environment with conditions that cater to the needs of diverse traders.
Extensive range of instruments
With over 2,100 trading assets, IC Markets offers a broad selection to accommodate various trading preferences.
Low spreads
Enjoy competitive spreads starting from 0 pips, enhancing cost-effectiveness for traders.
Swift order execution
The platform ensures high-speed order execution, a crucial factor for traders requiring prompt transactions.
Extensive analytical training materials
Traders benefit from a wealth of analytical and training resources, supporting their decision-making processes.
Mobile trading capability
The flexibility to trade from mobile devices adds convenience and accessibility to the trading experience.
Permission for trading advisers
IC Markets allows the utilization of trading advisers, providing options for automated trading strategies.
Cons
Lack of additional bonuses and contests
IC Markets does not offer supplementary bonuses or contests for traders, which some traders may find limiting.
Payment delays
Some users have reported occasional delays in payments, extending over a couple of days.
Absence of weekend trading
IC Markets does not support trading activities over the weekends, potentially impacting those who prefer or require continuous access to the markets.
Why choose IC Markets?
Choosing IC Markets for your trading needs offers a myriad of advantages that cater to both novice and experienced traders. Let's delve deeper into the key features that make IC Markets stand out in the highly competitive world of online trading.
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IC Social platform
IC Markets introduces the IC Social Platform, a revolutionary social trading system designed to cater to both automated and signal-based trading.
Fully automated copy trading
This feature allows investors to seamlessly replicate the trading transactions of successful traders automatically. By connecting their accounts, investors can mirror the strategies of experienced traders, enhancing their chances of success.
Signal trading
For those who prefer a more hands-on approach, IC Social offers signal trading. Traders provide signals indicating entry prices, entry dates, and times. Investors can then make informed decisions based on these signals, adding a layer of flexibility to their trading strategy.
Community access
IC Social goes beyond a mere trading platform; it fosters a sense of community. Traders can exchange instant messages, share insights, and engage in discussions, creating an interactive and collaborative trading environment.
Manual risk management
Acknowledging the importance of risk management, IC Social provides a feature that allows users to manage risks manually. Investors can swiftly inverse trades with a single click, adding a layer of control to their investment strategy.
To become an investor on IC Social, one needs to open a real account on MT4, complete the necessary verification steps, and fund the account. The integration process involves linking the IC Markets MT4 account with IC Social by entering the required information for seamless connectivity. Traders can join this ecosystem by following a similar registration process, and if their trading endeavors prove successful, their profiles ascend the copy trading rating.
Partnership program
IC Markets recognizes the power of partnerships and offers a comprehensive program for individuals looking to earn extra income by bringing in new clients.
Auxiliary instruments for partners
Partners are equipped with a suite of auxiliary instruments to enhance their promotional efforts. These include QR codes, banners, dynamic links, infographics, widgets, and more. The availability of dynamic reports ensures partners have access to real-time statistics, including visitor metrics and transaction history.
Information support
Partners receive robust information support and assistance on any technical issues they may encounter. This ensures a smooth experience for both partners and the clients they refer.
Unique partner wallet system
IC Markets introduces a unique partner wallet system that streamlines the process of transaction accounting. This feature adds transparency and efficiency to the financial aspects of the partnership program.
Wide range of trading instruments
IC Markets stands out for its extensive range of trading instruments, providing clients with diverse options to build a well-rounded portfolio.
Multi-platform access
Traders have the flexibility to choose from various trading platforms, including MT4, MT5, and cTrader. Additionally, the availability of a mobile app ensures that users can engage in trading activities on the go.
Diverse asset classes
IC Markets offers over 60 currency pairs, CFDs on futures, indices, commodities, metals, 2,100+ stocks, bonds, and a selection of cryptocurrencies. This extensive range caters to the preferences and strategies of a diverse range of traders.
Fast order execution and low spreads
Speed and efficiency are very important in online trading, and IC Markets excels in both areas.
Swift order execution
IC Markets leverages the Equinix NY4 server and a fiber-optic network, ensuring order execution as fast as 40 milliseconds. This rapid execution is crucial for traders who operate round the clock and for whom speed is a critical factor.
Low spreads
The broker offers low spreads starting from 0.0 pips, making it an attractive choice for traders looking to optimize their trading costs. The spread on the EUR/USD pair on the Raw Spread account, for instance, is from 0.0 pips, contributing to a cost-effective trading experience.
IC Markets account types
IC Markets offers a range of account types tailored to meet the diverse needs of traders. Each account type comes with its unique features and advantages.
Raw spread (cTrader)
This account type is designed for active traders and scalpers who prioritize low spreads and efficient order execution. With a commission of $6 per standard lot, the cTrader trading platform is utilized to achieve spread indicators as low as 0 pips. By tapping into the services of over 50 suppliers, IC Markets ensures a pool of liquidity, guaranteeing minimal spreads even during periods of high market volatility.
Raw spread
Ideal for scalpers and users of trading advisers, the Raw Spread account offers a compelling proposition. The average spread on the EUR/USD currency pair starts from 0.0 pips, and a commission of $7 per lot is charged. This account type operates on both MetaTrader 4 and MetaTrader 5 platforms, providing a versatile environment for traders to implement their strategies.
Standard
With a focus on trust trading, the Standard account is characterized by instant execution of orders and no commission. Traders can benefit from spreads starting at 0.6 pips, making it an attractive choice for those who value stability and straightforward trading. The MetaTrader 4 and MetaTrader 5 platforms serve as the trading arenas for users of the Standard account.
Key features of IC Markets
Fee structure of IC Markets
Commission structure and swap fees for IC Markets
At IC Markets, overnight holding expenses, denoting the expenditure of maintaining a position, were discovered to fall within the median spectrum.
The table beneath delineates the Swap Long (the expense/credit of retaining a long position overnight) and the Swap Short (the expense/credit of keeping a short position overnight) for a complete contract, equating to 100,000 units of the primary currency (the initial currency quoted in the pair).
IC Markets customer support
IC Markets maintains dedicated customer support accessible 24/5, ensuring continuous assistance from Monday to Friday. Users benefit from an extensive Help Center and a user-friendly FAQ search system, all offered in multiple languages to accommodate a diverse global user base. The platform further enhances user experience with a convenient callback function for personalized assistance.
While weekend availability is limited for general customer service, the live chat feature remains an exception, allowing clients to connect with IC Markets experts 24/7. Clients have various contact options, including online chat, callback service, telephone numbers, and email, ensuring flexibility and accessibility for addressing their queries and concerns effectively.
