IC MARKETS REVIEW
IC Markets is a global CFD broker with its head office in Seychelles and regional office in Sydney Australia.
RATING
4.3/5
FOUNDING YEAR
2007
MINIMUM DEPOSIT
$100
Table of Contents
ABOUT IC MARKETS
IC Markets is a global CFD broker with its head office in Seychelles and regional office in Sydney Australia. They were established in 2007 and have been greatly expanding their operations ever since. ICMarkets currently have an impressive number of over 60,000 clients and a huge processing volume of 646 billion dollars in a month. ICMarkets is a true electronic crossing network (ECN) broker that offers raw market spreads and lightning-fast execution which is done through the use of a network of global liquidity providers.
IC MARKETS REGULATIONS
ICMarkets is fully regulated by the Financial Services Authority (FSA) of Seychelles and the Australian Securities and Investment Commission (ASIC). The Australian regulators are some of the best in the world as this license ensures several protective measures for the clients.
COUNTRY
AUTHORITY
IC MARKETS ACCOUNT TYPES
IC Markets offer three different account types which are Standard, Raw Spread, and CTrader Raw Spread. The accounts differ according to the spreads and commissions you’ll be charged as well as the type of platform that you’ll be using.
Standard and Raw Spread accounts are used with MetaTrader platforms while the CTrader Raw account is of course offered with the CTrader platform. ICMarkets allows scalping and hedging on all account types and has set a minimum deposit restriction of $200.
IC MARKETS TRADING PLATFORMS
ICMarkets does not have its own propriety trading platform and offers third-party trading platforms. The platforms they offer are MT4, MT5, and CTrader. MetaTrader platforms are well known to traders around the world. Likewise, the CTrader is also a trader’s dream because it offers a plethora of features and customization options for more technically inclined traders.
CTrader intuitive trading interface also provides a straight-through processing option. Finally, all of these platforms are available in iOS and Android so you’ll always have your trading account at your fingertips
PLATFORM
AVAILABILITY
IC MARKETS LEVERAGE
IC Markets leverage varies according to the assets that you trade. The leverage ratio on Forex and precious metals is 500:1.
Soft commodities are offered leverage up to 100:1 while CFD Indices can be traded on the leverage of 200:1. Finally, the leverage to trade cryptocurrencies is 20:1.
PRODUCT
MAX LEVERAGE
IC MARKETS PRODUCTS
IC Markets offers a decent range of financial assets that you can trade. Of course, it has all the standard product range which includes 60 Forex pairs, 19 commodities including gold and crude oil, 100+ CFD stocks, and 23 indices from various markets.
In addition, ICMarkets also offers 10 cryptocurrencies and even bonds that are rarely seen with any other CFD broker. Given that these are CFD assets you can trade all these products with leverage using ICMarkets quality trading platforms.
Products
AVAILABILITY
IC MARKETS SPREAD & COMMISSION
IC Markets offers variable spreads that differ slightly based on account type. If you are using their popular Raw Spread account the spread is close to zero. But there is a commission of $7 (round turn) per standard lot.
The CTrader Raw Spread account also offers nearly zero spread with only $3 (round turn) commission per standard lot. The Standard Account is commission-free but the spread is slightly higher and starts from 1 pip onwards.
PRODUCT
Spread Range
IC MARKETS DESPOSIT & WITHDRAWAL
IC Markets offers flexible deposit and withdrawal methods. It probably supports the longest list of e-wallets that you can use to deposit and withdraw the funds. Some of the supported e-wallets are Paypal, Neteller, Union Pay, Skrill, and so forth. The e-wallets transactions are instant and do not carry any additional cost from the broker.
You can also use debit or credit cards to instantly fund your account which is also without any additional cost. Finally, ICMarkets also accepts Bitcoin with a processing time of 1-2 hours.
METHOD
AVAILABILITY
IC MARKETS REVIEW SUMMARY
IC Markets is an established broker with tight margins and top-notch execution. They also have advanced trading technology and a host of other tools and features that could assist you in trading. Their raw spread feature is truly impressive and enables the traders to enjoy low-cost trading. The low or raw spread is really useful since ICMarkets allows scalping, hedging, and automated trading at the same time. However, its European clients would want ICMarkets to be regulated by a tier-1 regulator in Europe so they can feel more protected and trade with peace of mind. Yet this should not overshadow an overall decent broker which is offering excelling trading services for more than a decade.
IC MARKETS PROS AND CONS
