IC Markets Review

1771
ICMarkets Broker Review
GENERAL INFORMATION
Broker NameICMarkets
Broker TypeECN Forex
CountryAustralia
Operating Since2007
RegulationASIC-Australian Securities and Investments Commission
AddressLevel 6 309 Kent Street, Sydney NSW 2000 Australia
Broker StatusRegulated
CS Phone61 02 2014 4280
CS Emailsupport@icmarkets.com
LanguagesEnglish, French, Spanish, Portugese,Dutch, Indonesian, Korean
Availability24/7
Trading PlatformsMetaTrader4,Metatrader5,Ctrader,Web Trader
WEB TERMINAL
Trading Platform TimezoneGMT & AEDT
Demo AccountYes
Mobile TradingYes
Web based tradingYes
BonusesN/A
Other Trading InstrumentCryptocurrency, Future,Bonds
ACCOUNTS
Minimum DepositN/A
Maximal Leverage1 is to 500
Spread Variable N/A
Scalping AllowedYes

IC MARKETS CONTENT:

  • IC MARKETS: GENERAL INFO
  • IC MARKETS NOTABLE FEATURE/S: Platforms, True ECN
  • INVESTOR PROTECTION AND REGULATIONS
  • TRADABLE PRODUCTS AND TRADING FEATURES
  • IC MARKETS REVIEW: ACCOUNT OPENING
  • DEPOSIT & WITHDRAWALS OPTIONS
  • IC MARKETS REVIEW: WEB, DESKTOP, AND MOBILE TRADING PLATFORMS
  • COMMISSIONS, SWAP RATES, AND SPREADS
  • IC MARKETS CUSTOMER SUPPORT
  • IC MARKETS REVIEW: What Do We Think?

IC Markets Review 2020:

Comments Rating 1.83 (76 reviews)

IC MARKETS 2020 REVIEW

IC MARKETS: GENERAL INFO

International Capital Markets is a broker company that is also known in the trading world as IC Markets. The brokerage is a regulated ECN broker. Its headquarters are in Australia, and it offers up to 230+ tradable assets. IC Markets was founded in Sydney in 2007. While the broker offers services and features designed for both beginner and professional traders, the company promotes itself as a brokerage for high-level traders and scalpers.

IC Markets packs a lot of features that will surely satisfy any trader’s needs in terms of trading. To cut to the chase, it’s almost a full-packaged broker that gives you everything you need when trading.

For instance, it doesn’t only offer one or two options. It provides three main choices as platforms. It offers MetaTrader4, MetaTrader5, and its platform, cTrader.

IC Markets also provides very low spreads, starting at 0.0 pips. That’s something many traders want when it comes to their trades. As it brags on its website, this broker makes trading easily accessible to everyone. Continue reading about IC Markets Review.

Let’s dig deep into this broker’s most notable features.

IC MARKETS NOTABLE FEATURE/S: Platforms, True ECN

First off, this broker caters to almost all kinds of traders. It offers MetaTrader4, which is suitable for forex traders. It also provides MetaTrader5, which is ideal for other markets aside from forex. And it also packs its very own trading platform, which offers more features you can take advantage of.

The MetaTrader4 platform allows an investor to use various tools for his or her trades. It’s also compatible with mobile devices, so it’ll be easy for your trade on the go. It has charts, indicators, and tools you can use to make better trades.

Meanwhile, the MetaTrader5 platform is just like the MT4, but with a lot of additional functions. It sports more charts, indicators, and tools for more assets. It also has more market and stop orders, plus better charts. This is why more traders like it: it lets them trade better in other markets.

cTrader, on the other hand, serves as a tool for True ECN Connectivity. It has unique features and designs, making it the top platform for discretionary forex traders.

IC Markets has multi-bank liquidity, which is what a lot of traders are going after. You can use the leverage of up to 500:1 with ultra-fast execution. All these make cTrader a preferable alternative to MT4 and MT5.

INVESTOR PROTECTION AND REGULATIONS

The broker is registered with the internationally recognized Australian Securities and Investments Commission ASIC under International Capital Markets PTY Ltd. The brokerage is regulated by the Seychelles Financial Services Authority (FSA), the Australian Securities and the Investments Commission (ASIC). Also, the company holds an Australian Financial Services License.

IC Markets offers a full package of protection and security to its clients:

  1. Segregated client funds with Westpac Banking Corporation (Westpac) and National Australia Bank (NAB).
  2. IC Markets (Seychelles) holds segregated funds with Barclays Bank Seychelles.
  3. The brokerage appoints external auditors to ensure compliance with regulatory obligations.
  4. IC Markets is an official member of the Australian Financial Complaints Authority (AFCA).

However, under the current regulations of ASIC and the FSA, there is no investor-compensation scheme in the event the company becomes insolvent, but this could change in the future.

IC MARKETS tarde wirh minutes

TRADABLE PRODUCTS AND TRADING FEATURES

IC Markets offers a wide range of markets and products to trade: CFD and Futures markets across 60 Currency pairs, more than 236 Forex, 17 Indices, 4 Futures, 125+ Shares, 19+ Commodities, 6+ Bonds and 10 Cryptocurrencies.

Spreads, commissions, and swaps differ depending on account type and trading platform. According to the broker’s statement on its tradable products and trading features, the average spread on EUR/USD is 1.1 pip on a Standard Account and 0.1 pip on a True ECN Account.

IC Markets offers additional trading products such as social trading integration with popular social trading platforms, ZuluTrade, and MyFXbook. Moreover, the broker company offers a FIX API for high volume traders looking for direct access to their liquidity providers.

IC MARKETS REVIEW: ACCOUNT OPENING

The broker company offers three main account types. Traders can choose any account from True ECN cTrader, True ECN MetaTrader, and the Standard Account. However, the IC Market also offers so-called swap-free accounts. In addition, clients get to use a free demo trading account.

ACCOUNT OPENING

The process of opening an account is quite easy; clients must pass the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006. This activity involves verifying a client’s identity and some other personal information.

Also, the broker offers Islamic swap-free accounts. However, the brokerage does not accept applications from residents of Canada, Israel, the United States, or the Republic of Iran.

DEPOSIT & WITHDRAWALS OPTIONS

The broker company offers 15 funding options in 10 different base currencies using the likes of credit and debit cards, PayPal, Skrill, Bpay, Union Pay, Neteller, FasaPay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Bitcoin Wallet, UnionPay, Wire Transfer, and many more.

DEPOSIT & WITHDRAWALS OPTIONS

Traders on IC markets have a range of options available to them when depositing funds. Clients can deposit funds in a wide range of accepted currencies including AUD, JPY, EUR, NZD, USD, CHF, HKD, CAD, GBP, and SGD. Markets do not charge any additional fees for any type of withdrawals and deposits or withdrawals. Overall, withdrawal times depend on the method with instant withdrawals using Neteller, PayPal, or Skrill, and the usual from three to five business days when withdrawing to credit or debit cards.

IC MARKETS REVIEW: WEB, DESKTOP, AND MOBILE TRADING PLATFORMS

WEB, DESKTOP, AND MOBILE TRADING PLATFORMS

IC Markets are quite impressive and provide their customers with high-quality trading offers. The broker has an impressive suite of trading platforms for Web and Desktop: which include: MetaTrader 4, MetaTrader 5, cTrader, cTrader Web, cTrader Algo, MetaTrader Web, and MT4 and MT5 for Mac. Traders can download and use the full range of trading available MT4 and MT5 platforms. With these platforms, the users will have:

  • True ECN and Standard Accounts.
  • Ultra-fast execution of trades due to the IC Markets MetaTrader server location in the Equinix NY4.
  • No restrictions on trading.
  • Ability to place orders between the
  • The ability to hedge positions.
  • The cTrader trading platform offers a variety of features which include:
  • Deep liquidity and True ECN on currencies and indices.
  • Ultrafast order execution due to cTrader server location in the LD5 IBX Equinix in London.
  • No restrictions on trading.

WEB, DESKTOP, AND MOBILE TRADING PLATFORMS

In case of emergency and any issues, traders can contact customer service which support is offered in multiple languages including Chinese, Indonesian, Spanish, English, Italian, Portuguese, Vietnamese, and Thai.

IC Markets offers browser-based mobile trading. However, it also provides traders with iOS and Android trading apps. Traders can download MT4 and MT5 for both the Android and iOS operating systems, through the respective app stores. The brokerage offers an exciting series of mobile trading solutions for both Android and iOS users. Android users can also download the cTrader mobile trading platform app and iPhone users can use the cTrader mobile web browser to trade.

COMMISSIONS, SWAP RATES, AND SPREADS

IC Markets offers commission-free trading on Bonds, Futures, Indices, and Cryptocurrencies across all account types.

COMMISSIONS, SWAP RATES AND SPREADS

The brokerage offers spreads for Indices, Metals, Commodities, Bonds, and Cryptocurrency. The broker offers institutional grade liquidity for the spreads. However, trading commissions for Forex instruments depend on the type of account opened and the platform used.

Meanwhile, swap rates for holding positions overnight are different and can be found in both the cTrader and MetaTrader trading platforms.

IC MARKETS CUSTOMER SUPPORT

“IC Markets offers 24 hours a day, seven days a week multi-lingual Live Chat support.

24/7 Live Chat (both weekdays and weekends)

IC MARKETS REVIEW: CUSTOMER SUPPORT

Email:

  1. Client Relations: rm@icmarkets.com
  2. Support AU: support@icmarkets.com
  3. Support SC: enquiries@icmarkets.com
  4. Accounts: accounts@icmarkets.com

Phone:

  1. Indonesia: +6278033212195
  2. Germany: +498007238442
  3. Thailand: +661800012799
  4. Spain: +34900838243
  5. Australia: +1300 600 644
  6. United Kingdom: +44 800 014 8775
  7. Brazil: +558008783186
  8. South Africa: +27800172944
  9. Cyprus: +35725123504
  10. Poland: +488001125138
  11. Malaysia: +601800819013

There are also separate contact details for IC Markets Chinese Support Center with its Live Chat option found on the website. Or by phone at +86 400 609 6783, or by using the email address support.cn@icmarkets.com.

IC Markets also have a wide range of social channels such as Facebook, Twitter, Instagram, LinkedIn, Google+, and YouTube.

IC MARKETS REVIEW: What Do We Think?

IC Markets strives hard to attract as large a client base as it can with its features and service. The brokerage provides a competitive and unique offering across a wide range of asset classes. That’s easy to see. Just take a quick tour around its website, and you can find a lot of offerings fit for a serious trader.

The platforms it offers are superb. You can maximize your chances of making winning trades just by carefully using all the tools available on them.

Also, IC Markets is an actual ECN broker, which we think is what makes it more severe about catering to trader’s needs. Overall, if you want to trade with a flexible broker and with exceptional trading conditions, the IC Markets review reveals that it is an excellent choice.

  • Support
  • Platform
  • Spreads
  • Trading Instument
Overall
4.1

For more news updates, visit our homepage now and see our latest news article. Want to learn more about trading? Visit our education page now and learn for FREE!

76 Comments

  1. Avatar Jaxon Dryer June 1, 2020
  2. Avatar Darcy Lees May 27, 2020
  3. Avatar Karolin Brauer May 25, 2020
  4. Avatar Marthe Sacré May 20, 2020
  5. Avatar Spartacus Abramoff May 18, 2020
  6. Avatar Peggy B. Loucks May 13, 2020

Leave a Reply

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending