More info on IC Markets – Broker Idea

Broker Idea

More info on IC Markets

IC Markets  is a well established and popular forex and CFDs online trading brokerage who offers competitive spreads on a wide range of assets across the global markets. IC Markets was founded in 2007 and is owned and operated by International Capital Markets PTY which are based in Sydney Australia.

Discover the broker and what to trade

Launched in 2007, IC Markets (International Capital Markets) is one of only a handful of true Raw Spread brokers out there.
The company’s headquarters are located in Sydney.
IC Markets is the big worldwide broker because strives to bridge the gap between retail clients and big institutional investors by offering investment solutions that were once only offered by investment banks and high net worth individuals.

The only broker with a Raw Spread

Raw Spread is what separates IC Markets from the competition. IC Markets Raw Spread connects traders to a deep and diverse mix of up to 50 liquidity providers, for the best spreads and superior execution. ICMarkets MetaTrader 4 and 5 Raw Spread servers are located in the Equinix NY4 data center in New York, bringing you closer to our bridge, eliminating any unnecessary latency. IC Markets MetaTrader 4 and 5 platforms are the preferred choice for active day traders and scalpers globally.

Regulations and
reliability

Feedback from portals such as Trustpilot and Forex Peace Army is overwhelmingly positive. The majority of IC Markets’ users are pleased with the services delivered by the company and that is definitely something that needs to be pointed out. The company is obviously a registered Australian Company, its ACN number being 123 289 109. The AFSL license number of the operator is 335692.

Spread is very low, the lowest spread you can find on the market

IC Markets is the big worldwide broker because strives to bridge the gap between retail clients and big institutional investors by offering investment solutions that were once only offered by investment banks and high net worth individuals.
 IC Markets has the highest available leverage in the world not being a scam broker and offers low spreads and fees, an education center that you can easily benefit of, and fast execution of your orders. But what makes of IC Markets a great broker is that the SPREADS are very LOW, starting from 0.0 PIPS and for this reason can be used both by experienced and beginner traders from all over the world. But let’s go to another
IC Markets advantage.

Order execution is fast

Though IC Markets it is possible to place orders in a very fast way. It has an average of order execution of 40 ms.
IC Markets   trading infrastructure is collocated in the Equinix NY4 Data Centre with our liquidity and technology partners to give you the best execution and the lowest latency pricing possible.

All market opportunities are at your disposal

IC Markets’ carefully selected range of products gives you access to the most popular and liquid markets across the world for the best trading opportunities 24/7

IC Markets Trading Platforms

MetaTrader 5 is the all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies and commodities. IC Markets Raw Spread connectivity makes it the most powerful platform for active traders.

Meta Trader 4 (MT4)
This is the most popular trading platform not only for IC Markets but for trading brokerages around the world. The platform utilizes one-click trading solutions, a variety of technical indicators, advanced charting tools, and a range of Expert Advisors (EAs) for automated algorithmic trading. Also, the MT4 trading platform allows for a variety of advanced order types and has lightning fast execution speeds.

Meta Trader 5 (MT5)
This platform is the most recent addition from the Meta Trader platforms. It has not gained as much adoption and popularity as Meta Trader 4, but it is the upgraded and improved upon version of the MT4 platform. It features flexible lot sizing, flexible funding and withdrawal options, tight spreads, market depth, and more.

cTrader
The cTrader platform was made specifically for an  Raw Spread trading environment that utilizes the automated trading software. With this platform, traders have three options when it comes to implementing automated trading; ZuluTrade, Myfxbook’s AutoTrade and Signal Trader’s mirroring technology.

IC Markets Mobile Trading
ICMarkets is fully optimized for smart mobile devices including phones and tablets. The MT4 trading platform has mobile applications compatible with both iOS and Android devices and is available for free download from the Apple App store and the Google Play store. Also, the cTrader platform is web-based and is compatible with mobile browsers and also has a downloadable application for iOS and Android devices. These mobile trading platforms feature much of the same advanced functionality as the desktop platforms and have been intuitively designed to provide a convenient and seamless trading experience. All in all, the mobile trading platforms provided by IC Markets do not disappoint.
All relevant charts, alerts, instruments and indicators can be shown through ICMarkets MT4 App for iOS and Android

Account Types and comparison

Three basic account types are supported: Standard, Raw Spread and cTrader. Every one of these accounts can be spun into a swap-free Islamic version, obviously available only to those who really are of the Islamic faith.

cTrader Account
The cTrader Account offers more or less the same trading conditions, and its minimum deposit requirement is $200 as well. The commission it charges though is $3/$100k.
It too is suitable for day traders and scalpers and it too supports all trading styles. The maximum available leverage is 1:500 on this account as well.

Raw Spread Account
The Raw Spread account does feature a commission though ($3.5 per lot) but its spreads start from 0 pips

Standard Account
The Standard Account is the most accessible. With a minimum deposit requirement of only $200, this account type features spreads starting from 1 pip and maximum leverage of 1:500.
This account type does not charge any commission and it supports no fewer than 64 currency pairs.
As mentioned above, the swap-free Islamic Trading Account is 100% Sharia-compliant. To open such an account, one needs to open a regular one first, after which he/she needs to contact support.
The IC Markets support staff will then assess eligibility and grant access to the Islamic account to those who qualify.
Islamic trading accounts support over 50 currency pairs, commodities and CFDs.

Open Live Account here:

Commissions & Spreads

IC Markets is known to provide very competitive commissions and fees. For instance, on the standard account, there are no commissions charged but the spread is marked up by 1 pip above the interbank rates. On the Raw Spread and cTrader accounts, there is a commission of around $3 per standard lot round turn and spreads are variable and start from 0.0 pips. IC Markets spreads can be so low because they receive quotes from over 50 different banks and dark pool liquidity sources. Therefore, IC Markets provides traders with an ideal environment for day trading and scalping. Additionally, while trading CFDs there are no additional fees or commissions charged on all types of trading accounts. 

Trade Types/Instruments

IC Markets’ carefully selected range of products gives you access to the mostpopular and liquid markets across the world for the best trading opportunities 24/7 See some details of these markets and what they have to offer below.

Forex 60 currency pairs Tight spreads from 0.0 pips Up to 1:500 leverage
Commodities Over 19 Commodities to trade Spot and Futures CFDs Up to 1:500 leverage
Indices 17 Indices across the global markets Up to 1:200 leverage No commissions
Bonds Over 6 bonds to trade No commissions Up to 1:200 leverage
Cryptocurrency Trade 24 hours a day, 5 days a week Go long or short Up to 1:20 leverage
Stocks Over 120 Stocks & ETFs Earn dividends Meta Trader 5 platform
Futures 4 global futures to trade No commissions Up to 1:200 leverage

What are IC Markets Deposit and Withdrawal Methods?

IC Markets offers over 15 flexible funding options in 10 different base currencies. Deposit instantly and for free using a range of methods.

Those looking to start a trading account at IC Markets, have an impressive range of deposit methods at their disposal. Various credit- and debit cards are accepted, as well as bank wires. Interestingly, one can also use a PayPal to deposit funds with the broker. In addition to all the above, scores of other, regional solutions can be used as well, such as Qiwi, FasaPay, BPAY, WebMoney, and Neteller. Broker-to-broker transfers are also accepted, so there can be no complaints in this regard.

Deposits

  • Credit and Debit Cards
  • Bank Wire Transfers
  • Broker to Broker transfers
  • Branch Cash Deposit
  • BPay Deposit
  • PayPal
  • Skrill
  • Neteller
  • WebMoney
  • QIWI
  • China Union Pay
  • FasaPay
  • POLi

Withdrawals

Withdrawals can be made via many of the same methods that are listed above and will be generally processed within the same working day. Withdrawals are generally free of charge, but international bank wire withdrawals come with a fee of around $20 AUD.

Bonus & Promotions

IC Markets does not offer their traders any form of promotional bonuses for trading or signing up to for a new trading account. IC Markets provides their traders with favorable trading conditions and exceptional service, so they do not feel the need to entice traders with bonuses or promotions.

Conclusion

Everything accounted for, IC Markets is indeed a complete and solid trading destination. Everything from their trading platforms to their MAM/PAMM account options screams professionalism.

The reputation of the broker is great as well, and their trading conditions (on their Raw Spread accounts) are indeed excellent.

After reviewing IC Markets, we have the conclusion that this broker offer competitive commissions and fees, offer a wide variety of investment products that both experienced and beginner traders are happy with, and they feature a selection of sophisticated trading platforms. Also, IC Markets is a very well established trading brokerage who is highly regulated and has an excellent reputation in the online trading industry. Overall, IC Markets is a viable online trading solution that’s suitable for nearly every type of trader.

Open Live Account here:

Risk Warning:

This review has been conducted independently. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision. IC Markets IB number: 27702