IC Markets is an online forex broker that offers competitive spreads and a range of trading platforms. They are a regulated broker with offices in Sydney, Australia. Account types include Standard, True ECN, and cTrader accounts.
IC Markets is an ideal broker for scalpers, day traders, and swing traders. They offer low spreads from 0.0 pips on the MetaTrader 4 platform with no commissions charged on trades. IC Markets is a great option for forex traders of all experience levels. In this IC Markets review, we’ll cover everything you need to know about this broker before you start trading.
IC Markets Regulation
IC Markets is regulated by the Australian Securities and Investment Commission (ASIC). IC Markets is a member of the Financial Ombudsman Service (FOS), which provides dispute resolution services. IC Markets is also a member of the Investor Compensation Fund (ICF), which provides compensation to investors if a broker becomes insolvent.
IC Market’s segregation of client funds protects client money from being used for IC Market’s business purposes. This means that if IC Markets becomes insolvent, client funds are ring-fenced and can be returned to clients.
IC Markets Trading Platforms
IC Markets offers the MetaTrader 4, cTrader, and their proprietary web-based platform. IC Markets also has mobile apps available for iPhone, iPad, and Android devices.
The IC Markets MetaTrader 4 platform is a popular choice for forex traders. MetaTrader 4 is a user-friendly platform with a range of features and tools.
IC Markets cTrader is a popular choice for forex traders. cTrader is a user-friendly platform with a variety of services and tools. IC Markets offers the cTrader platform with low spreads from 0.0 pips and no commissions charged on trades.
IC Markets Web Trader
IC Markets Web Trader is IC Market’s proprietary web-based platform. The Web Trader platform is easy to use and contains a variety of features and tools. Web Trader is a platform provided by ECN Markets that provides low spreads and no fees on transactions.
We’ll look at account types while taking an IC Markets Review.
IC Markets Account Types
IC Markets offers three account types: Standard, True ECN, and cTrader accounts. The account type you choose will depend on your trading style and what features you are looking for in a broker.
A standard account is a good choice for beginner forex traders. The Standard account has a minimum deposit of $200 and maximum leverage of 1:500. Spreads start at 1.0 pips on the Standard account.
True ECN Account
A true ECN account is a good choice for experienced forex traders. The True ECN account has a minimum deposit of $200 and maximum leverage of 1:500. Spreads start at 0.0 pips on the True ECN account. IC Markets does not charge commissions on trades.
For forex traders who want to use the cTrader platform, the MT4 Solutions cTrader account is an excellent choice. The cTrader account has a minimum deposit of $200 and maximum leverage of 1:500. Spreads start at 0.0 pips on the cTrader account.
Deposits and Withdrawals
They offer a variety of deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. They do not charge any deposit or withdrawal costs.
They offer customer service 24/5 through live chat, phone, and email. IC Markets has a dedicated customer service team that is available to assist traders with any questions or concerns they may have. It also has an extensive FAQ section on its website.
IC Markets is a great choice for forex traders of all experience levels. They offer competitive spreads, a variety of trading platforms, and a wide range of deposit and withdrawal methods. IC Market’s customer service is excellent, and they have a dedicated team that is available 24/5 to assist traders. If you’re looking for a reliable and user-friendly forex broker, IC Markets is a great choice.